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Nonprofiteer
← COOPERATIVE SERVICES INC

Form 990 for tax year 2023

Filed by COOPERATIVE SERVICES INC.

Totals

Total revenue
$382,430
Total expenses
$367,744
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$352,800
Investment income
$29,630
Other revenue
$0
Total assets, end of year
$5,941,921
Total liabilities, end of year
$1,693,639
Net assets or fund balances, end of year
$4,248,282
Program services expenses (Part IX)
$270,521
Management and general expenses
$97,223
Fundraising expenses
$0
Program service expenses (Part III)
$270,521

Program services were 73.6% 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: RENTAL INCOME

    total $352,800 · related or exempt $352,800

  • 3 · Investment income

    total $29,630 · excluded $29,630

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $32,210 · management and general $32,210

  • 13 · Office expenses

    total $5,440 · management and general $5,440

  • 16 · Occupancy

    total $158,521 · program services $158,521

  • 22 · Depreciation, depletion and amortization

    total $55,225 · program services $55,225

  • 24a · Other expenses: MGMT CO EMPLOYEE CHARGE

    total $76,443 · program services $16,870 · management and general $59,573

  • 24b · Other expenses: REAL ESTATE TAXES

    total $39,905 · program services $39,905

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $586,578 · end of year $592,112

  • 4 · Accounts receivable

    beginning of year $1,168,910 · end of year $1,153,596

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,612 · end of year $0

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

    $2,134,326

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

    $1,045,843

  • 10c · Land, buildings and equipment, net

    beginning of year $1,143,708 · end of year $1,088,483

  • 15 · Other assets

    beginning of year $3,096,351 · end of year $3,107,730

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,717,604 · end of year $1,625,346

  • 19 · Deferred revenue

    beginning of year $29,400 · end of year $30,800

  • 25 · Other liabilities

    beginning of year $37,493 · end of year $37,493

  • 27 · Net assets without donor restrictions

    beginning of year $4,212,662 · end of year $4,248,282

Mission and programs · 2023

Mission

TO INVEST IN HOUSING FACILITIES FOR LOW INCOME SENIOR CITIZENS.

  • COOPERATIVE SERVICES, INC., A MICHIGAN NON-PROFIT CORPORATION, IS A CONSUMER COOPERATIVE WHOLLY-OWNED BY CSI SUPPORT AND DEVELOPEMENT SERVICES. THE COMPANY HAS AS ITS PRINCIPAL BUSINESS ACTIVITY THE INVESTMENT IN HOUSING PROPERTIES, PRIMARILY FOR LOW, VERY LOW AND EXTREMELY LOW-INCOME SENIOR CITIZENS, FINANCE THROUGH FEDERAL, STATE AND LOCAL AGENCY PROGRAMS. THE APARTMENT COMPLEXES ARE LOCATED IN MICHIGAN AND MARYLAND. THE COMPANY HAS ALSO INVESTED IN AN OFFICE BUILDING IN WARREN, MICHIGAN.

    Expenses $270,521 · Revenue $352,800

As filed on the 2023 return.

Listed in Part VII

  • Alex Aho

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.1 + 3.9 related

  • Sheryle Morey

    TREASURER

    Total calculated
    $0
    Hours/week
    0.1 + 3.9 related

  • Jeri Draughon

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.1 + 3.9 related

  • Annie Mitchell

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.1 + 3.9 related

  • Deanie Robinson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 3.9 related

  • Marietta Martin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 3.9 related

  • Catherin Powell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 3.9 related

  • Judy Roberts

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 3.9 related

  • Gloria Parris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 3.9 related

  • Gerald Mahom Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 3.9 related

  • Shirley Moreland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 3.9 related

  • Ethel Young

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 3.9 related

  • Rillar McDaniel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 3.9 related

  • Elaine Herrick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 3.9 related

  • Mary Dalessandro

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 3.9 related

  • Cindy Lamb

    ASSISTANT TREASURER

    Total calculated
    $236,633
    From this org
    $0
    From related orgs
    $199,608
    Other
    $37,025
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $199,608 related
    Bonus
    $0
    Other
    $0
    Deferred
    $27,842
    Nontaxable benefits
    $9,183
    Filer's total
    $37,025 + $199,608 related

  • Anne Sackrison

    ASSISTANT SECRETARY

    Total calculated
    $352,300
    From this org
    $0
    From related orgs
    $286,866
    Other
    $65,434
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $286,866 related
    Bonus
    $0
    Other
    $0
    Deferred
    $39,400
    Nontaxable benefits
    $26,034
    Filer's total
    $65,434 + $286,866 related

  • Marguerite D Angelo

    REGIONAL MANAGER

    Total calculated
    $206,193
    From this org
    $0
    From related orgs
    $178,661
    Other
    $27,532
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $178,661 related
    Bonus
    $0
    Other
    $0
    Deferred
    $22,500
    Nontaxable benefits
    $5,032
    Filer's total
    $27,532 + $178,661 related

  • Darla Huttinger

    REGIONAL MANAGER

    Total calculated
    $209,676
    From this org
    $0
    From related orgs
    $169,810
    Other
    $39,866
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $169,810 related
    Bonus
    $0
    Other
    $0
    Deferred
    $23,704
    Nontaxable benefits
    $16,162
    Filer's total
    $39,866 + $169,810 related

  • Diane Smith

    NATIONAL DEVELOPMENT MANAG

    Total calculated
    $247,688
    From this org
    $0
    From related orgs
    $194,788
    Other
    $52,900
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $194,788 related
    Bonus
    $0
    Other
    $0
    Deferred
    $26,866
    Nontaxable benefits
    $26,034
    Filer's total
    $52,900 + $194,788 related

  • Mel Hudson

    NATIONAL CONSTRUCTION MANA

    Total calculated
    $258,188
    From this org
    $0
    From related orgs
    $194,673
    Other
    $63,515
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $194,673 related
    Bonus
    $0
    Other
    $0
    Deferred
    $27,199
    Nontaxable benefits
    $36,316
    Filer's total
    $63,515 + $194,673 related

  • Tim Braunscheidal

    CHIEF OPERATIONS OFFICER

    Total calculated
    $229,476
    From this org
    $0
    From related orgs
    $178,523
    Other
    $50,953
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $178,523 related
    Bonus
    $0
    Other
    $0
    Deferred
    $24,919
    Nontaxable benefits
    $26,034
    Filer's total
    $50,953 + $178,523 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 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

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3:
THE BOARD PERIODICALLY CONDUCTS COMPENSATION STUDIES AND DETERMINES THE COMPENSATION OF THE GENERAL MANAGER.

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.

  • OFFICE BUILDING LLC

    OFFICE BUILDING/RENTAL · MI

    Directly controlled by COOPERATIVE SERVICES INC

  • BOWLEY'S NON-PROFIT HOUSING LLC

    HOUSING · MD

    Directly controlled by CSI SUPPORT & DEVELOPMENT SERVICES

  • CSI LEXINGTON SENIOR HOUSING LLC

    HOUSING · MD

    Directly controlled by CSI SUPPORT & DEVELOPMENT SERVICES

  • COLLINS NON-PROFIT APARTMENTS LIMITED PARTNERSHIP

    HOUSING · MA

    Directly controlled by COLLINS NON PROFIT APARTMENTS INC

  • COLLINS NON-PROFIT APARTMENTS GP LLC

    HOUSING · MA

    Directly controlled by COLLINS NON PROFIT APARTMENTS INC

  • CITY SQUARE ELDERLY HOUSING LIMITED PARTNERSHIP

    HOUSING · MA

    Directly controlled by CITY SQUARE ELDERLY HOUSING INC

  • CITY SQUARE ELDERLY HOUSING GP LLC

    HOUSING · MA

    Directly controlled by CITY SQUARE ELDERLY HOUSING INC

  • WATERS TOWER SENIOR HOUSING PARTNER LLC

    HOUSING · MD

    Directly controlled by CSI SUPPORT & DEVELOPMENT SERVICES

  • DUNN FAMILY SENIOR GP LLC

    HOUSING · MI

    Directly controlled by CSI SUPPORT & DEVELOPMENT SERVICES

Related partnerships

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

  • GOLDEN RING LIMITED PARTNERSHIP

    HOUSING · MD

    Directly controlled by COOPERATIVE SERVICES INC

  • BOWLEY'S LANE LIMITED PARTNERSHIP

    HOUSING · MD

    Directly controlled by CSI SUPPORT & DEVELOPMENT

  • HIGHLANDTOWN COOPERATIVE LIMITED PARTNERSHIP

    HOUSING · MD

    Directly controlled by CSI SUPPORT & DEVELOPMENT

  • LEXINGTON TERRACE SENIOR HOUSING LIMITED PARTNERSHIP

    HOUSING · MD

    Directly controlled by COOPERATIVE SERVICES INC

  • TIVOLI MANOR LDHA LIMITED PARTNERSHIP

    HOUSING · MI

    Directly controlled by CSI SUPPORT & DEVELOPMENT

  • GOLDEN RING 2 LLC

    HOUSING · MD

    Directly controlled by GOLDEN RING COOPERATIVE SENIOR HOUSING LLC

  • RIVERVIEW TOWERS LIMITED DIVIDEND HOUSING ASSOCIATION LIMITED PARTNERSHIP

    HOUSING · MI

    Directly controlled by CSI SUPPORT & DEVELOPMENT

  • LABELLE TOWERS LIMITED DIVIDEND HOUSING ASSOCIATION LP

    HOUSING · MI

    Directly controlled by CSI SUPPORT & DEVELOPMENT

  • HIGHLANDTOWN 2 LP

    HOUSING · MD

    Directly controlled by CSI SUPPORT & DEVELOPMENT

  • CLAWSON MANOR APARTMENTS LIMITED DIVIDEND HOUSING ASSOCIATION LP

    HOUSING · MI

    Directly controlled by CSI SUPPORT & DEVELOPMENT

  • WATERS TOWER SENIOR HOUSING LP

    HOUSING · MD

    Directly controlled by CSI SUPPORT & DEVELOPMENT

  • DUNN FAMILY SENIOR LIMITED DIVIDEND HOUSING ASSOCIATION LP

    HOUSING · MI

    Directly controlled by CSI SUPPORT & DEVELOPMENT

  • BOWLEY'S LANE LIMITED PARTNERSHIP

    HOUSING · MD

    Directly controlled by CSI SUPPORT & DEVELOPMENT

  • HIGHLANDTOWN COOPERATIVE LIMITED PARTNERSHIP

    HOUSING · MD

    Directly controlled by CSI SUPPORT & DEVELOPMENT

  • LEXINGTON TERRACE SENIOR HOUSING LIMITED PARTNERSHIP

    HOUSING · MD

    Directly controlled by COOPERATIVE SERVICES INC

  • TIVOLI MANOR LDHA LIMITED PARTNERSHIP

    HOUSING · MI

    Directly controlled by CSI SUPPORT & DEVELOPMENT

  • GOLDEN RING 2 LLC

    HOUSING · MD

    Directly controlled by GOLDEN RING COOPERATIVE SENIOR HOUSING

Related corporations and trusts

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

  • UCC COOPERATIVE SENIOR HOUSING CORP

    C · HOUSING · MI

    Directly controlled by COOPERATIVE SERVICES INC

  • GOLDEN RING COOPERATIVE SENIOR HOUSING LLC

    C · HOUSING · MD

    Directly controlled by UCC COOPERATIVE SENIOR HOUSING CORPORATION

  • CLAWSON MANOR APARTMENTS GP LLC

    C · HOUSING · MI

    Directly controlled by CLAWSON (CSI) NON-PROFIT HOUSING CORPORATION

Provenance

Return type
form_990
Tax year
2023
Filed
20 January 2025
IRS schema version
2023v6.0
Source object
202510219349300021

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