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Nonprofiteer
← HWD ON SECOND INC

Form 990 for tax year 2025

Filed by HWD ON SECOND INC.

Totals

Total revenue
$755,218
Total expenses
$558,669
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$437,962
Investment income
$317,256
Other revenue
$0
Total assets, end of year
$24,078,035
Total liabilities, end of year
$4,069,139
Net assets or fund balances, end of year
$20,008,896
Program services expenses (Part IX)
$532,261
Management and general expenses
$26,408
Fundraising expenses
$0
Program service expenses (Part III)
$532,261

Program services were 95.3% 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: LEASE INCOME

    total $437,962 · related or exempt $437,962

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $317,256 · excluded $317,256

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8c · Net income from fundraising events

    total $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $15,000 · program services $15,000

  • 11c · Fees: accounting

    total $11,425 · management and general $11,425

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $9,703 · program services $254 · management and general $9,449

  • 16 · Occupancy

    total $113,115 · program services $113,115

  • 20 · Interest

    total $87,284 · program services $87,284

  • 22 · Depreciation, depletion and amortization

    total $312,649 · program services $307,115 · management and general $5,534

  • 23 · Insurance

    total $9,493 · program services $9,493

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $28,506 · end of year $69,270

  • 2 · Savings and temporary cash investments

    beginning of year $3,181,902 · end of year $3,200,864

  • 4 · Accounts receivable

    beginning of year $0 · end of year $116,067

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $7,247

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $41,552

  • 10a · Land, buildings and equipment: cost or other basis

    $20,878,190

  • 10b · Land, buildings and equipment: accumulated depreciation

    $307,115

  • 10c · Land, buildings and equipment, net

    beginning of year $15,199,562 · end of year $20,571,075

  • 11 · Investments: publicly traded securities

    beginning of year $7,691,316 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $85,781 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $71,960

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,537,952 · end of year $1,344,247

  • 19 · Deferred revenue

    beginning of year $101,400 · end of year $47,000

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $2,655,162 · end of year $2,677,892

  • 24 · Unsecured notes and loans payable

    beginning of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $15,652,080 · end of year $20,008,896

  • 28 · Net assets with donor restrictions

    beginning of year $4,240,473 · end of year $0

Mission and programs · 2025

Mission

SUPPORTING THE UPTOWN REINVESTMENT CORPORATION (501(C)(3) ORGANIZATION) IN ITS MISSION OF PROMOTING ECONOMIC GROWTH AND DEVELOPMENT IN DOWNTOWN, FLINT, MICHIGAN.

  • SUPPORT UPTOWN REINVESTMENT CORPORATION IN ITS MISSION BY DEVELOPING AND OWNING THE MSU EXPANSION BUILDING.

    Expenses $532,261 · Revenue $437,962

As filed on the 2025 return.

Listed in Part VII

  • John Stock

    SECRETARY/DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Stephanie Fenton

    TREASURER/DIRECTOR

    Total calculated
    $262,135
    From this org
    $6,553
    From related orgs
    $255,582
    Other
    $0
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $6,553 + $255,582 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $6,553 + $255,582 related

  • Tim Herman

    PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 2.3 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

None.

The filer's explanations (Part III)

SCHEDULE J, PART II COMPENSATION FROM AN UNRELATED ORGANIZATION OR INDIVIDUAL
NAME - STEPHANIE FENTON, COMPENSATION FROM UNRELATED ORGANIZATION - 6553, NAME OF UNRELATED ORGANIZATION - FLINT & GENESEE GROUP, TYPE OF COMPENSATION - COMPENSATION FOR SERVICES PROVIDED TO HWD ON SECOND

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.

  • CAPITOL THEATER INVESTORS LLC

    N/A · REAL ESTATE DEVELOPMENT · MI

    Directly controlled by NA

  • HWD INVESTORS LLC

    N/A · REAL ESTATE DEVELOPMENT · MI

    Directly controlled by NA

  • BUCKHAM SQUARE INVESTORS LLC

    N/A · REAL ESTATE DEVELOPMENT · MI

    Directly controlled by NA

  • URC 600 SOUTH LLC

    N/A · REAL ESTATE DEVELOPMENT · MI

    Directly controlled by NA

  • 310 EAST THIRD STREET MASTER TENANT LLC

    N/A · REAL ESTATE DEVELOPMENT · MI

    Directly controlled by NA

  • FLINT HOME OWNERSHIP INITIATIVE

    N/A · REAL ESTATE DEVELOPMENT · MI

    Directly controlled by NA

  • COMPLETE BUILDING SUPPORT SERVICES

    N/A · REAL ESTATE MAINTENANCE · MI

    Directly controlled by NA

  • 352 SS LLC

    N/A · HOTEL · MI

    Directly controlled by NA

Related corporations and trusts

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

  • DOWNTOWN RESTORATION CORPORATION

    C CORPORATION · REAL ESTATE DEVELOPMENT · MI · controlled entity

    Directly controlled by NA

  • CAPITAL THEATRE MANAGER INC

    C CORPORATION · REAL ESTATE DEVELOPMENT · MI · controlled entity

    Directly controlled by NA

  • BUCKHAM SQUARE MANAGER INC

    C CORPORATION · REAL ESTATE DEVELOPMENT · MI · controlled entity

    Directly controlled by NA

  • URC 310 E THIRD ST

    C CORPORATION · REAL ESTATE DEVELOPMENT · MI · controlled entity

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2025
Filed
18 September 2026
IRS schema version
2025v4.2
Source object
202602619349300935

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