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← TRUENORTH CENTER FOR NONPROFIT HOUSING

Form 990 for tax year 2025

Filed by TRUENORTH CENTER FOR NONPROFIT HOUSING.

Totals

Total revenue
$106,494
Total expenses
$93,932
Contributions and grants received
$3,401
Grants paid
$0
Program service revenue
$92,262
Investment income
$10,831
Other revenue
$0
Total assets, end of year
$1,425,979
Total liabilities, end of year
$82,472
Net assets or fund balances, end of year
$1,343,507
Program services expenses (Part IX)
$83,232
Management and general expenses
$10,700
Fundraising expenses
$0
Program service expenses (Part III)
$83,232

Program services were 88.6% 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.

  • 1f · All other contributions, gifts and grants

    $3,401

  • 2a · Program service revenue: RENTAL RECEIPTS

    total $67,414 · related or exempt $67,414

  • 2b · Program service revenue: RENTAL RECEIPTS - CHLD

    total $43,862 · related or exempt $43,862

  • 2c · Program service revenue: REIMBURSEMENTS

    total $17,441 · related or exempt $17,441

  • 2d · Program service revenue: RENTAL RECEIPTS - FTH

    total -$2 · related or exempt -$2

  • 2e · Program service revenue: RENTAL RECEIPTS - FTLD

    total -$36,453 · related or exempt -$36,453

  • 3 · Investment income

    total $10,831 · excluded $10,831

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $15,165 · program services $15,165

  • 11c · Fees: accounting

    total $600 · management and general $600

  • 12 · Advertising and promotion

    total $139 · program services $139

  • 14 · Information technology

    total $608 · program services $608

  • 16 · Occupancy

    total $41,268 · program services $41,268

  • 20 · Interest

    total $363 · management and general $363

  • 22 · Depreciation, depletion and amortization

    total $15,556 · program services $15,556

  • 23 · Insurance

    total $10,111 · program services $10,111

  • 24a · Other expenses: INDIRECT EXPENSES

    total $7,402 · management and general $7,402

  • 24b · Other expenses: MISCELLANEOUS

    total $2,335 · management and general $2,335

  • 24c · Other expenses: OTHER PROGRAM EXPENSE

    total $385 · program services $385

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $39,779 · end of year $42,594

  • 4 · Accounts receivable

    beginning of year $1,200 · end of year $1,226

  • 7 · Other notes and loans receivable

    beginning of year $584,902 · end of year $582,151

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

    $583,555

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

    $453,969

  • 10c · Land, buildings and equipment, net

    beginning of year $145,142 · end of year $129,586

  • 11 · Investments: publicly traded securities

    beginning of year $151,125 · end of year $174,430

  • 13 · Investments: program-related

    beginning of year $32,910 · end of year $444,323

  • 15 · Other assets

    beginning of year $46,460 · end of year $51,669

  • 17 · Accounts payable and accrued expenses

    beginning of year $80,117 · end of year $45,385

  • 23 · Secured mortgages and notes payable

    beginning of year $34,903 · end of year $31,921

  • 25 · Other liabilities

    beginning of year $5,166 · end of year $5,166

  • 27 · Net assets without donor restrictions

    beginning of year $733,415 · end of year $1,264,492

  • 28 · Net assets with donor restrictions

    beginning of year $147,917 · end of year $79,015

Mission and programs · 2025

Mission

TRUENORTH CENTER FOR NONPROFIT HOUSING IS A RURAL NON-PROFIT HOUSING ORGANIZATION COMMITTED TO ASSURING ALL MEMBERS OF OUR COMMUNITY HAVE ACCESS TO QUALITY AFFORDABLE HOUSING. CNH OWNS AND MANAGES 114 RENTAL UNITS, PROVIDING STABLE AND AFFORDABLE HOUSING OPTIONS FOR FAMILIES IN NEED.

  • RETIREMENT RENTAL - PROVIDING ELDERLY RENTERS WITH AN AFFORDABLE APARTMENT TO RENT.

    Expenses $83,232 · Revenue $92,262

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Carrie Vandenberg

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2.5 + 5 related

  • Gene Ford

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 3 related

  • Hannah Harrington

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • Jane Newton

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • Jim Merkel

    CO-TREASURER

    Total calculated
    $0
    Hours/week
    2.5 + 7.5 related

  • Julie Berwald

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • Kelly Wagenmaker

    CO-TREASURER

    Total calculated
    $0
    Hours/week
    2.5 + 3.5 related

  • Lora Krueger

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • Phil Green

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • Beverly Cassidy

    PRESIDENT/CEO

    Total calculated
    $207,350
    From this org
    $0
    From related orgs
    $181,486
    Other
    $25,864
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $181,486 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $3,700 related
    Nontaxable benefits
    $0 + $22,164 related
    Filer's total
    $0 + $207,350 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
AN EVALUATION IS COMPLETED ANNUALLY FOR ALL SENIOR MANAGEMENT STAFF. THE EXECUTIVE DIRECTOR'S EVALUATION IS COMPLETED BY THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE IS RESPONSIBLE FOR THE EXECUTIVE DIRECTOR AND SENIOR MANAGEMENT STAFF EVALUATION PROCESSES. ALL OTHER SENIOR MANAGEMENT ANNUAL REVIEWS ARE COMPLETED BY THEIR IMMEDIATE SUPERVISOR.

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.

  • FREMONT TOWNHOUSES LP LLC

    HOUSING · MI · income $0 · assets $0

    Directly controlled by TN CENTER FOR NON-PROFIT HOUSING

Related partnerships

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

  • FREMONT TOWNHOUSES LDHA LP

    RELATED · LOW INCOME HOUSING · MI · 99.99% owned · share of income -$36,453 · share of assets $250,636 · general or managing partner

    Directly controlled by TRUENORTH CENTER FOR NONPROFIT HOUSING

  • CHAPITA HILLS LDHA LP

    RELATED · LOW INCOME HOUSING · MI · 51% owned · share of income $43,682 · share of assets $184,091 · general or managing partner

    Directly controlled by TRUENORTH CENTER FOR NONPROFIT HOUSING

Related corporations and trusts

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

  • FREMONT HOUSING DEVELOPMENT CORP

    C · HOUSING DEVELOPMENT · MI · 100% owned · share of income -$2 · share of assets -$10,614

    Directly controlled by TRUENORTH CENTER FOR NONPROFIT HOUSING

Provenance

Return type
form_990
Tax year
2025
Filed
1 September 2026
IRS schema version
2025v4.2
Source object
202612469349300521

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