Skip to content
Nonprofiteer
← ICCF NONPROFIT HOUSING CORPORATION

Form 990 for tax year 2022

Filed by ICCF NONPROFIT HOUSING CORPORATION.

Totals

Total revenue
$3,414,085
Total expenses
$3,418,894
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$3,414,460
Investment income
-$375
Other revenue
$0
Total assets, end of year
$873,719
Total liabilities, end of year
$553,141
Net assets or fund balances, end of year
$320,578
Program services expenses (Part IX)
$1,925,877
Management and general expenses
$1,132,117
Fundraising expenses
$360,900
Program service expenses (Part III)
$1,925,877

Program services were 56.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: MANAGEMENT FEE

    total $3,414,460 · related or exempt $3,414,460

  • 7b · Less cost or other basis and sales expenses

    other assets $375

  • 7c · Gain or loss

    other assets -$375

  • 7d · Net gain or loss

    total -$375 · excluded -$375

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $267,622 · management and general $267,622

  • 7 · Other salaries and wages

    total $2,584,700 · program services $1,704,427 · management and general $543,130 · fundraising $337,143

  • 10 · Payroll taxes

    total $238,269 · program services $141,766 · management and general $72,746 · fundraising $23,757

  • 11g · Fees: other

    total $270 · program services $270

  • 16 · Occupancy

    total $2,664 · program services $2,664

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $323,869 · program services $76,750 · management and general $247,119

  • 24b · Other expenses: PROPERTY MANAGEMENT FEE

    total $1,500 · management and general $1,500

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $441,869 · end of year $41,757

  • 4 · Accounts receivable

    beginning of year $180,199 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $31,898

  • 15 · Other assets

    beginning of year $1,238,549 · end of year $800,064

  • 17 · Accounts payable and accrued expenses

    beginning of year $54,659 · end of year $2,055

  • 23 · Secured mortgages and notes payable

    beginning of year $450,590 · end of year $381,483

  • 25 · Other liabilities

    beginning of year $1,349,297 · end of year $169,603

  • 27 · Net assets without donor restrictions

    beginning of year $6,071 · end of year $320,578

Mission and programs · 2022

Mission

EQUITABLE OPPORTUNITY. AFFORDABLE HOMES. THRIVING NEIGHBORHOODS.

Activities or mission (Part I)

HOUSING CONSTRUCTION FOR QUALIFIED LOWER INCOME FAMILIES

  • ICCF NONPROFIT HOUSING CORPORATION IS THE CONSTRUCTION AFFILIATE OF THE ICCF COMMUNITY HOMES (ICCF). WE CONSTRUCT OR RE-CONSTRUCT 5-10 AFFORDABLE HOMES ANNUALLY. ALL REVENUE AND EXPENSE FOR THE PROGRAMS IS REPORTED IN THE PARENT, ICCF.

    Expenses $1,925,877 · Revenue $3,414,460

As filed on the 2022 return.

Listed in Part VII

  • Lee Hardy

    DIRECTOR - CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Eunice Lopez Martin

    DIRECTOR - VICE CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Arlen-Dean Gaddy

    DIRECTOR - SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Janice Dorsey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Devetta Blakely

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Ryan Verwys

    CEO

    Total calculated
    $162,116
    From this org
    $139,434
    From related orgs
    $0
    Other
    $22,682
    Hours/week
    8 + 40 related

    Schedule J breakdown matched by us

    Base
    $139,434
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $22,682
    Filer's total
    $162,116

  • Derrick Smith

    VICE PRESIDENT OF FINANCE

    Total calculated
    $105,506
    From this org
    $94,022
    From related orgs
    $0
    Other
    $11,484
    Hours/week
    8 + 40 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • 501 EASTERN GP LLC

    REAL ESTATE PROPERTY MGMT · MI · income $0 · assets $0

  • EASTERN ELEMENTARY GP LLC

    REAL ESTATE PROPERTY MGMT · MI · income $0 · assets $0

  • 415 FRANKLIN GP LLC

    REAL ESTATE PROPERTY MGMT · MI · income $0 · assets $0

  • 415 FRANKLIN BUFFER LLC

    REAL ESTATE PROPERTY MGMT · MI · income $0 · assets $0

  • TAPESTRY SQUARE SENIOR LIVING GP LLC

    REAL ESTATE PROPERTY MGMT · MI · income $0 · assets $0

  • STOCKBRIDGE GP LLC

    REAL ESTATE PROPERTY MGMT · MI · income $0 · assets $0

  • ACME INVESTORS LLC

    REAL ESTATE PROPERTY MGMT · MI · income $0 · assets $0

  • 435 LAGRAVE LLC

    REAL ESTATE PROPERTY MGMT · MI · income $0 · assets $0

  • ICCF HOMES LLC

    REAL ESTATE PROPERTY MGMT · MI · income $0 · assets $0

  • ICCF HOMES 2 LLC

    REAL ESTATE PROPERTY MGMT · MI · income $0 · assets $0

  • ICCF BROKERAGE LLC

    REAL ESTATE PROPERTY MGMT · MI · income $0 · assets $0

  • 415 FRANKLIN LLC

    REAL ESTATE PROPERTY MGMT · MI · income $0 · assets $0

  • 415 FRANKLIN DEVELOPER LLC

    REAL ESTATE PROPERTY MGMT · MI · income $0 · assets $0

  • 100 WEALTHY LLC

    REAL ESTATE PROPERTY MGMT · MI · income $0 · assets $0

  • 816 MADISON SE LLC

    REAL ESTATE PROPERTY MGMT · MI · income $0 · assets $0

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • PPH3 LIMITED DIVIDEND HOUSING ASSOCIATION LIMITED PARTNERSHIP

    REAL ESTATE · MI

  • 435 LAGRAVE LIMITED DIVIDEND HOUSING ASSOCIATION LIMITED PARTNERSHIP

    REAL ESTATE · MI

  • 501 EASTERN LIMITED DIVIDEND HOUSING ASSOCIATION LIMITED PARTNERSHIP

    REAL ESTATE · MI

  • STOCKBRIDGE LIMITED DIVIDEND HOUSING ASSOCIATION LIMITED PARTNERSHIP

    REAL ESTATE · MI

  • 415 FRANKLIN LIMITED DIVIDEND HOUSING ASSOCIATION LIMITED PARTNERSHIP

    REAL ESTATE · MI

  • TAPESTRY SQUARE SENIOR LIVING LIMITED DIVIDEND HOUSING ASSOCIATION LIMITED

    REAL ESTATE · MI

  • EASTERN ELEMENTARY LIMITED DIVIDEND HOUSING ASSOCIATION LIMITED PARTNERSHIP

    REAL ESTATE · MI

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • PPH 3 NONPROFIT HOUSING CORPORATION

    C · LOW-INCOME HOUSING · MI

  • 435 LAGRAVE NONPROFIT HOUSING CORPORATION

    C · LOW-INCOME HOUSING · MI

  • STOCKBRIDGE NONPROFIT HOUSING CORPORATION

    C · LOW-INCOME HOUSING · MI

Provenance

Return type
form_990
Tax year
2022
Filed
6 April 2024
IRS schema version
2022v5.0
Source object
202431009349301113

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.