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← ICCF NONPROFIT HOUSING CORPORATION

Form 990 for tax year 2024

Filed by ICCF NONPROFIT HOUSING CORPORATION.

Totals

Total revenue
$2,521,916
Total expenses
$2,335,855
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,470,659
Investment income
$47,759
Other revenue
$3,498
Total assets, end of year
$4,609,170
Total liabilities, end of year
$4,312,140
Net assets or fund balances, end of year
$297,030
Program services expenses (Part IX)
$1,229,965
Management and general expenses
$855,405
Fundraising expenses
$250,485
Program service expenses (Part III)
$1,229,965

Program services were 52.7% 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 $2,470,659 · related or exempt $2,470,659

  • 6a · Gross rents

    real property $3,498

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $3,498

  • 6d · Net rental income or loss

    total $3,498 · related or exempt $3,498

  • 7a · Gross sales of assets other than inventory

    other assets $137,117

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

    other assets $89,358

  • 7c · Gain or loss

    other assets $47,759

  • 7d · Net gain or loss

    total $47,759 · excluded $47,759

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $244,684 · management and general $244,684

  • 7 · Other salaries and wages

    total $1,463,074 · program services $973,270 · management and general $256,385 · fundraising $233,419

  • 10 · Payroll taxes

    total $160,188 · program services $111,875 · management and general $31,247 · fundraising $17,066

  • 11g · Fees: other

    total $696 · program services $696

  • 16 · Occupancy

    total $206 · program services $206

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $450,609 · program services $127,520 · management and general $323,089

  • 24b · Other expenses: CLOSING COSTS

    total $14,864 · program services $14,864

  • 24c · Other expenses: PROPERTY TAXES

    total $1,534 · program services $1,534

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $193,881 · end of year $147,523

  • 4 · Accounts receivable

    beginning of year $329,469 · end of year $309,731

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $3,211

  • 15 · Other assets

    beginning of year $967,571 · end of year $4,148,705

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,228 · end of year $603,331

  • 23 · Secured mortgages and notes payable

    beginning of year $577,661 · end of year $3,506,871

  • 25 · Other liabilities

    beginning of year $796,063 · end of year $201,938

  • 27 · Net assets without donor restrictions

    beginning of year $110,969 · end of year $297,030

Mission and programs · 2024

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 $1,229,965 · Revenue $2,474,157

As filed on the 2024 return.

Listed in Part VII

  • Cameron Young

    DIRECTOR - CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Eunice Lopez Martin

    DIRECTOR - VICE CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Devetta Blakely

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Janice Dorsey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Ryan Verwys

    CEO

    Total calculated
    $141,341
    From this org
    $129,287
    From related orgs
    $0
    Other
    $12,054
    Hours/week
    8 + 40 related

  • Molly Petersen

    VICE PRESIDENT OF FINANCE

    Total calculated
    $103,343
    From this org
    $103,343
    From related orgs
    $0
    Other
    $0
    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.

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.

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
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202513179349309736

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