Form 990 for tax year 2023

Filed by KADIMA NONPROFIT HOUSING CORPORATION.

Totals

Total revenue: $452,605
Total expenses: $823,399
Contributions and grants received: $348
Grants paid: $0
Program service revenue: $480,351
Investment income: -$29,306
Other revenue: $1,212
Total assets, end of year: $5,292,761
Total liabilities, end of year: $93,204
Net assets or fund balances, end of year: $5,199,557
Program services expenses (Part IX): $820,898
Management and general expenses: $2,402
Fundraising expenses: $99
Program service expenses (Part III): $820,898

Program services were 99.7% 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.

1f · All other contributions, gifts and grants

$348
2a · Program service revenue: RENTAL REVENUE

total $480,351 · related or exempt $480,351
7b · Less cost or other basis and sales expenses

other assets $29,306
7c · Gain or loss

other assets -$29,306
7d · Net gain or loss

total -$29,306 · excluded -$29,306
11a · Other revenue: MISCELLANEOUS REVENUE

total $1,212 · excluded $1,212
11e · Other revenue, total

$1,212

Functional expenses

Part IX, the statement of functional expenses.

11c · Fees: accounting

total $4,805 · program services $2,403 · management and general $2,402
11g · Fees: other

total $99,450 · program services $99,450
12 · Advertising and promotion

total $170 · program services $170
13 · Office expenses

total $554,063 · program services $553,964 · fundraising $99
17 · Travel

total $82 · program services $82
22 · Depreciation, depletion and amortization

total $159,947 · program services $159,947
23 · Insurance

total $4,306 · program services $4,306
24a · Other expenses: BANK FEES

total $294 · program services $294
24b · Other expenses: MEMBERSHIP DUES

total $196 · program services $196
24c · Other expenses: MISCELLANEOUS

total $86 · program services $86

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $0 · end of year $50,742
4 · Accounts receivable

beginning of year $4,245 · end of year $6,005
9 · Prepaid expenses and deferred charges

beginning of year $0 · end of year $3,825
10a · Land, buildings and equipment: cost or other basis

$4,592,569
10b · Land, buildings and equipment: accumulated depreciation

$376,604
10c · Land, buildings and equipment, net

beginning of year $4,618,213 · end of year $4,215,965
11 · Investments: publicly traded securities

beginning of year $640,931 · end of year $985,262
15 · Other assets

beginning of year $401,530 · end of year $30,962
17 · Accounts payable and accrued expenses

beginning of year $14,568 · end of year $13,204
23 · Secured mortgages and notes payable

beginning of year $80,000 · end of year $80,000
27 · Net assets without donor restrictions

beginning of year $5,247,802 · end of year $5,013,844
28 · Net assets with donor restrictions

beginning of year $322,549 · end of year $185,713

Mission and programs · 2023

Mission

PROVIDE RESIDENTIAL HOUSING AND RELATED SERVICES TO PEOPLE WITH MENTAL HEALTH CHALLENGES.

PROVIDE RESIDENTIAL HOUSING AND RELATED SERVICES TO PEOPLE WITH MENTAL HEALTH CHALLENGES. RESIDENTIAL SERVICES INCLUDE FURNISHED HOUSING, UTILITIES, PHONE, CABLE, AND INTERNET.

Expenses $820,898 · Revenue $480,351

As filed on the 2023 return.

Listed in Part VII

ERIC ADELMAN

PRESIDENT

Total calculated

$241,354

From this org

$0

From related orgs

$204,678

Other

$36,676

Hours/week

2 + 48 related

Schedule J breakdown matched by us

Base

$0 + $204,678 related

Bonus

$0

Other

$0

Deferred

$0 + $17,937 related

Nontaxable benefits

$0 + $18,739 related

Filer's total

$0 + $241,354 related
DANI GILLMAN

SECRETARY

Total calculated

$0

Hours/week

1 + 1 related
EVAN J LEIBHAN

VICE CHAIR

Total calculated

$0

Hours/week

1 + 1 related
JON MODIANO

BOARD CHAIR

Total calculated

$0

Hours/week

1 + 1 related
GAIL STEWART

TREASURER

Total calculated

$0

Hours/week

1 + 1 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: ALL COMPENSATION IS PAID BY GESHER HUMAN SERVICES (GESHER), A RELATED ORGANIZATION. GESHER USED THE FOLLOWING TO ESTABLISH THE COMPENSATION OF THE PRESIDENT: 1. COMPENSATION COMMITTEE 2. INDEPENDENT COMPENSATION CONSULTANT 3. FORM 990 OF OTHER ORGANIZATIONS 4. COMPENSATION SURVEY OR STUDY 5. APPROVAL BY THE PRESIDENTIAL SUPPORT COMMITTEE (COMPENSATION COMMITTEE)

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.

KADIMA

501(C)(3) · RESIDENTIAL SUPPORT SERVICES · MI

Directly controlled by GESHER HUMAN SERVICES
GESHER HUMAN SERVICES

501(C)(3) · VOCATIONAL REHABILITATION · MI

Provenance

Return type: form_990
Tax year: 2023
Filed: 6 February 2025
IRS schema version: 2023v6.0
Source object: 202510389349300416

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