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← SPERO HOUSING GROUP

Form 990 for tax year 2023

Filed by SPERO HOUSING GROUP.

Totals

Total revenue
$22,936
Total expenses
$1,450
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$22,909
Investment income
$27
Other revenue
$0
Total assets, end of year
$1,889,312
Total liabilities, end of year
$1,500
Net assets or fund balances, end of year
$1,887,812
Program services expenses (Part IX)
$64
Management and general expenses
$1,386
Fundraising expenses
$0
Program service expenses (Part III)
$64

Program services were 4.4% 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: DEVELOPER FEES

    total $22,909 · related or exempt $22,909

  • 3 · Investment income

    total $27 · excluded $27

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $1,450 · program services $64 · management and general $1,386

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $91,086 · end of year $89,663

  • 4 · Accounts receivable

    beginning of year $1,062,368 · end of year $1,085,277

  • 14 · Intangible assets

    beginning of year $8,021 · end of year $8,021

  • 15 · Other assets

    beginning of year $706,351 · end of year $706,351

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,500 · end of year $1,500

  • 27 · Net assets without donor restrictions

    beginning of year $1,861,326 · end of year $1,882,812

  • 28 · Net assets with donor restrictions

    beginning of year $5,000 · end of year $5,000

Mission and programs · 2023

Mission

TO SUPPORT LIGHTHOUSE MI IN THEIR MISSION TO BUILD EQUITABLE COMMUNITIES AND ALLEVIATE POVERTY IN PARTNERSHIP WITH AND IN SERVICE TO INDIVIDUALS, FAMILIES, AND ORGANIZATIONS.

  • SPERO HOUSING GROUP AIMS AT PROVIDING HIGH QUALITY AFFORDABLE HOUSING TO PEOPLE WITH LOW AND MODERATE INCOME.

    Expenses $64 · Revenue $22,909

As filed on the 2023 return.

Listed in Part VII

  • Ryan Hertz

    PRESIDENT & CEO

    Total calculated
    $250,129
    From this org
    $0
    From related orgs
    $227,639
    Other
    $22,490
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $227,639 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $22,490 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $250,129 related

  • Jackie Buchanan

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2

  • Richard Lewnau

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jonathon Burleigh

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2

  • James Campbell

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Jacqui Spicer

    TREASURER

    Total calculated
    $0
    Hours/week
    2

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

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.

  • WHITTEMORE STREET LLC

    PROVIDE HOUSING TO HOMELESS & PREGNANT TEENAGE GIRLS · MI

    Directly controlled by SOUTH OAKLAND SHELTER

Related partnerships

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

  • PINE CREST LDHA LIMITED PARTNERSHIP

    N/A · PROVIDE LOW-INCOME HOUSING TO SENIORS. · MI

  • SKIDWAY LAKE LDHA LIMITED PARTNERSHIP

    N/A · PROVIDE LOW-INCOME HOUSING TO SENIORS. · MI

  • COOLIDGE PLACE LIMITED DIVIDEND HOUSING ASSOCIATION LIMITED PARTNERSHIP

    RELATED · PROVIDE LOW-INCOME HOUSING · MI · 0% owned · general or managing partner

  • BEACON HOUSING LIMITED PARTNERSHIP

    RELATED · PROVIDE LOW-INCOME HOUSING · MI

    Directly controlled by SOUTH OAKLAND SHELTER

  • CARRIAGE PLACE LIMITED DIVIDEND HOUSING ASSOCIATION LP

    RELATED · PROVIDE LOW-INCOME HOUSING · MI

  • CARRIAGE PLACE GP LLC

    RELATED · PROVIDE LOW-INCOME HOUSING · MI

Related corporations and trusts

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

  • BEACON HOUSING I INC

    C · DEVELOPER OF LOW-INCOME HOUSING · MI

  • SPERO COOLIDGE PLACE INC

    C · DEVELOPER OF LOW INCOME HOUSING · MI · 100% owned · share of income -$24 · share of assets $36,994 · controlled entity

    Directly controlled by SPERO HOUSING

  • SPERO CARRIAGE PLACE INC

    C · DEVELOPER OF LOW INCOME HOUSING · MI · 100% owned · share of income -$76 · share of assets $149 · controlled entity

    Directly controlled by SPERO HOUSING

Provenance

Return type
form_990
Tax year
2023
Filed
8 May 2025
IRS schema version
2023v6.0
Source object
202531329349300128

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