Totals
- Total revenue
- $900,818
- Total expenses
- $864,225
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $893,702
- Investment income
- $113
- Other revenue
- $7,003
- Total assets, end of year
- $1,450,744
- Total liabilities, end of year
- $3,178,133
- Net assets or fund balances, end of year
- -$1,727,389
- Program services expenses (Part IX)
- $666,374
- Management and general expenses
- $197,851
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $666,374
Program services were 77.1% 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: APARTMENT RENTAL REV.
total $893,702 · related or exempt $893,702
-
3 · Investment income
total $113 · excluded $113
-
11a · Other revenue: LAUNDRY AND VENDING
total $6,663 · excluded $6,663
-
11b · Other revenue: BEAUTY SHOP
total $340 · excluded $340
-
11e · Other revenue, total
$7,003
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $39,360 · management and general $39,360
-
11b · Fees: legal
total $5,077 · management and general $5,077
-
11c · Fees: accounting
total $17,545 · management and general $17,545
-
13 · Office expenses
total $50,994 · program services $19,502 · management and general $31,492
-
16 · Occupancy
total $310,088 · program services $310,088
-
19 · Conferences, conventions and meetings
total $549 · management and general $549
-
20 · Interest
total $101,052 · program services $101,052
-
22 · Depreciation, depletion and amortization
total $146,668 · program services $146,668
-
24a · Other expenses: CONTRACTED LABOR
total $151,827 · program services $56,672 · management and general $95,155
-
24b · Other expenses: OTHER ELDERLY CARE
total $32,392 · program services $32,392
-
24c · Other expenses: TAXES,LICENSES/PERMITS
total $4,814 · management and general $4,814
-
24d · Other expenses: ADMINISTRATIVE EXEPNSES
total $3,859 · management and general $3,859
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,620 · end of year $29,248
-
4 · Accounts receivable
beginning of year $3,040 · end of year $11,513
-
9 · Prepaid expenses and deferred charges
beginning of year $75,535 · end of year $54,763
-
10a · Land, buildings and equipment: cost or other basis
$4,611,345
-
10b · Land, buildings and equipment: accumulated depreciation
$3,462,838
-
10c · Land, buildings and equipment, net
beginning of year $1,234,565 · end of year $1,148,507
-
15 · Other assets
beginning of year $224,669 · end of year $206,713
-
17 · Accounts payable and accrued expenses
beginning of year $546,545 · end of year $522,601
-
23 · Secured mortgages and notes payable
beginning of year $2,732,389 · end of year $2,629,741
-
25 · Other liabilities
beginning of year $24,477 · end of year $25,791
-
27 · Net assets without donor restrictions
beginning of year -$1,763,982 · end of year -$1,727,389
Mission and programs · 2023
Mission
LOW INCOME HOUSING FOR ELDERLY AND HANDICAPPED INDIVIDUALS
-
MARYGROVE NON-PROFIT HOUSING CORP. ("MARYGROVE") OWNS, OPERATES AND MANAGES AN 80-UNIT MULTI-FAMILY APARTMENT COMPLEX (THE "PROJECT") FOR ELDERLY AND HANDICAPPED INDIVIDUALS LOCATED IN DETROIT, MICHIGAN UNDER SECTION 202 OF THE NATIONAL HOUSING ACT AND IS REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD") WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS. MARYGROVE RECEIVES RENT SUPPLEMENTS FROM THE FEDERAL GOVERNMENT UNDER THE SECTION 8 PROGRAM AND IS SUBJECT TO A MORTGAGE FROM HUD. THE PROJECT'S MAJOR PROGRAMS ARE ITS SECTION 202 DIRECT LOAN AND THE ASSISTANCE RECEIVED FROM THE SECTION 8 PROGRAM.
Expenses $666,374 · Revenue $893,702
As filed on the 2023 return.
Listed in Part VII
-
Mary Downey IhmMARY DOWNEY IHM
DIRECTOR; PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Denise Nicole PowellDENISE NICOLE POWELL
DIRECTOR; VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Elizabeth BurnsELIZABETH BURNS
DIRECTOR; SECRETARY & TREASURER
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Joan BlountJOAN BLOUNT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Pamela HalladayPAMELA HALLADAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Gloria ArmsteadGLORIA ARMSTEAD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Barbara Stanbridge IhmBARBARA STANBRIDGE IHM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Valerie WatkinsVALERIE WATKINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 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.
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.
-
MARYGROVE NON-PROFIT HOUSING CORP II
501(C)(3) · OWNS, OPERATES AND MANAGES AN APARTMENT COMPLEX FOR LOW INCOME PERSONS · MI
-
SERVANTS SISTERS OF THE IMMACULATE HEART OF MARY
501(C)(3) · RELIGIOUS ORDER · MI
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 30 August 2024
- IRS schema version
- 2023v5.1
- Source object
- 202412439349300641
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