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Nonprofiteer
← UPCAP SERVICES INC

Form 990 for tax year 2024

Filed by UPCAP SERVICES INC.

Totals

Total revenue
$48,922,256
Total expenses
$38,016,172
Contributions and grants received
$14,408,354
Grants paid
$0
Program service revenue
$32,408,180
Investment income
$2,025,077
Other revenue
$80,645
Total assets, end of year
$56,373,807
Total liabilities, end of year
$3,890,852
Net assets or fund balances, end of year
$52,482,955
Program services expenses (Part IX)
$35,275,683
Management and general expenses
$2,740,489
Fundraising expenses
$0
Program service expenses (Part III)
$35,275,683

Program services were 92.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • GRETCHEN JANSSEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • NICK HANCHEK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • DAN YOUNG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • JERRY DOUCETTE

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • CRAIG REITER

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • WILLIAM MENGE

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • CARL NYKANEN

    CHAIR(END 3/1/25)/BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • JOE DEROCHA

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • JONATHAN MEAD

    PRESIDENT & CEO

    Total calculated
    $179,594
    From this org
    $163,989
    From related orgs
    $0
    Other
    $15,605
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $163,989
    Bonus
    $0
    Other
    $0
    Deferred
    $15,605
    Nontaxable benefits
    $0
    Filer's total
    $179,594
  • EMILY DESALVO

    DIRECTOR OF OPERATIONS

    Total calculated
    $115,177
    From this org
    $104,258
    From related orgs
    $0
    Other
    $10,919
    Hours/week
    36.5 + 1 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 · Compensation committee
  • 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.

Related partnerships

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

  • MILL TRACE LDHA LP

    RELATED · RENTAL APARTMENTS · MI · 0.01% owned · share of income -$1 · share of assets $57,462

    Directly controlled by UPPER PENINSULA HOUSING LLC

  • LES CHENEAUX LDHA LP

    RELATED · RENTAL APARTMENTS · MI · 0.01% owned · share of income -$1 · share of assets $3,635

    Directly controlled by UPPER PENINSULA HOUSING LLC

  • ESCANABA SENIOR HOUSING LDHA LP

    RELATED · RENTAL APARTMENTS · MI · 0.02% owned · share of income -$6 · share of assets $158,409

    Directly controlled by ESCANABA SENIOR HOUSING DEVELOPMENT CORPORATION

  • ESCANABA FAMILY HOUSING LP

    RELATED · RENTAL APARTMENTS · MI · 0.02% owned · share of income -$21 · share of assets $156,847

    Directly controlled by ESCANABA FAMILY HOUSING DEVELOPMENT CORPORATION

  • TJ WOODCLIFF LDHA LP

    RELATED · RENTAL APARTMENTS · MI · 0.01% owned · share of assets $15,808

    Directly controlled by UPPER PENINSULA HOUSING LLC

  • PK WILDWOOD LP

    RELATED · RENTAL APARTMENTS · MI · 0.01% owned · share of assets $20,674

    Directly controlled by IRONWOOD SENIOR HOUSING DEVELOPMENT CORPORATION

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2024
Filed
7 July 2026
IRS schema version
2024v5.5
Source object
202641969349300829

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