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← TRUENORTH CENTER FOR NONPROFIT HOUSING

Form 990 for tax year 2023

Filed by TRUENORTH CENTER FOR NONPROFIT HOUSING.

Totals

Total revenue
$747,463
Total expenses
$811,742
Contributions and grants received
$668,470
Grants paid
$0
Program service revenue
$67,005
Investment income
$9,186
Other revenue
$2,802
Total assets, end of year
$1,283,600
Total liabilities, end of year
$413,948
Net assets or fund balances, end of year
$869,652
Program services expenses (Part IX)
$679,418
Management and general expenses
$132,324
Fundraising expenses
$0
Program service expenses (Part III)
$679,418

Program services were 83.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • CARRIE VANDENBERG

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    2.5 + 5 related

  • GENE FORD

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • JANE NEWTON

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • JIM MERKEL

    TREASURER

    Total calculated
    $0
    Hours/week
    2.5 + 5 related

  • JULIE BERWALD

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • KATE SCARBROUGH-KESTELOOT

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • LORA STEVENS

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • LARRY YACHCIK

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • KELLY WAGONMAKER

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • BEVERLY CASSIDY

    PRESIDENT/CEO

    Total calculated
    $206,078
    From this org
    $0
    From related orgs
    $185,000
    Other
    $21,078
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $185,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $3,700 related
    Nontaxable benefits
    $0 + $17,378 related
    Filer's total
    $0 + $206,078 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

None.

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

The filer's explanations (Part III)

PART I, LINE 3
AN EVALUATION IS COMPLETED ANNUALLY FOR ALL SENIOR MANAGMENT STAFF. THE EXECUTIVE DIRECTOR'S EVALUATION IS COMPLETED BY THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE IS RESPONSIBLE FOR THE EXECUTIVE DIRECTOR AND SENIOR MANAGEMENT STAFF EVALUATION PROCESSES. ALL OTHER SENIOR MANAGMENT ANNUAL REVIEWS ARE COMPLETED BY THEIR IMMEDIATE SUPERVISOR.

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.

Related partnerships

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

  • FREMONT TOWNHOUSES LDHALP LLC

    RELATED · LOW INC HS · MI · 99.99% owned · share of income -$34,133 · share of assets $40,568 · general or managing partner

    Directly controlled by TN CENTER FOR NONPROFIT HOUSING

  • CHAPITA HILLS LDHALP

    RELATED · LOW INC HS · MI · 51% owned · share of income $8,263 · share of assets $4,237 · general or managing partner

Related corporations and trusts

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

  • FREMONT HOUSING DEVELOPMENT CORP

    C · HOUSING DEVELOPMENT · MI · 100% owned · share of income $9,947 · share of assets $4,084

    Directly controlled by TN CENTER FOR NONPROFIT HOUSING

Provenance

Return type
form_990
Tax year
2023
Filed
23 August 2024
IRS schema version
2023v5.1
Source object
202432429349300738

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