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← ICCF COMMUNITY HOME

Form 990 for tax year 2024

Filed by ICCF COMMUNITY HOME.

Totals

Total revenue
$8,525,044
Total expenses
$6,586,397
Contributions and grants received
$4,736,708
Grants paid
$0
Program service revenue
$2,844,691
Investment income
$943,645
Other revenue
$0
Total assets, end of year
$63,937,468
Total liabilities, end of year
$33,218,603
Net assets or fund balances, end of year
$30,718,865
Program services expenses (Part IX)
$4,895,490
Management and general expenses
$1,158,053
Fundraising expenses
$532,854
Program service expenses (Part III)
$4,895,490

Program services were 74.3% 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.

  • 1d · Related organizations

    $103,464

  • 1e · Government grants (contributions)

    $954,741

  • 1f · All other contributions, gifts and grants

    $3,678,503

  • 1g · Noncash contributions included above

    $171,581

  • 2a · Program service revenue: RENT INCOME

    total $2,165,823 · related or exempt $2,165,823

  • 2b · Program service revenue: MICHIGAN NON-PROFIT HO

    total $600,704 · related or exempt $600,704

  • 2c · Program service revenue: INTERCOMPANY REIMBURSE

    total $78,164 · related or exempt $78,164

  • 3 · Investment income

    total $532,330 · excluded $532,330

  • 7a · Gross sales of assets other than inventory

    other assets $411,315

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $411,315

  • 7d · Net gain or loss

    total $411,315 · excluded $411,315

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,395,958 · program services $746,733 · management and general $417,544 · fundraising $231,681

  • 8 · Pension plan contributions

    total $232,307 · program services $186,387 · management and general $26,577 · fundraising $19,343

  • 9 · Other employee benefits

    total $36,304 · program services $23,506 · management and general $8,290 · fundraising $4,508

  • 10 · Payroll taxes

    total $160,186 · program services $66,391 · management and general $76,730 · fundraising $17,065

  • 11c · Fees: accounting

    total $19,999 · management and general $19,999

  • 11g · Fees: other

    total $429,507 · program services $110,684 · management and general $239,421 · fundraising $79,402

  • 12 · Advertising and promotion

    total $69,851 · program services $1,459 · fundraising $68,392

  • 13 · Office expenses

    total $35,403 · program services $15,456 · management and general $13,082 · fundraising $6,865

  • 14 · Information technology

    total $31,460 · program services $14,021 · management and general $2,713 · fundraising $14,726

  • 16 · Occupancy

    total $143,121 · program services $136,112 · management and general $7,009

  • 17 · Travel

    total $65,089 · program services $63,668 · management and general $307 · fundraising $1,114

  • 20 · Interest

    total $423,507 · program services $423,507

  • 22 · Depreciation, depletion and amortization

    total $888,089 · program services $816,097 · management and general $48,174 · fundraising $23,818

  • 23 · Insurance

    total $146,134 · program services $135,975 · management and general $7,974 · fundraising $2,185

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $1,372,121 · program services $1,147,065 · management and general $222,320 · fundraising $2,736

  • 24b · Other expenses: CLIENT SUPPORT

    total $363,515 · program services $363,515 · management and general $0 · fundraising $0

  • 24c · Other expenses: PROPERTY TAXES

    total $278,507 · program services $278,507 · management and general $0 · fundraising $0

  • 24d · Other expenses: RENT EXPENSES

    total $128,480 · program services $107,939 · management and general $15,038 · fundraising $5,503

  • 24e · All other expenses

    total $366,859 · program services $258,468 · management and general $52,875 · fundraising $55,516

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,013,746 · end of year $3,223,402

  • 2 · Savings and temporary cash investments

    beginning of year $10,015,047 · end of year $10,034,276

  • 4 · Accounts receivable

    beginning of year $13,322,466 · end of year $12,936,875

  • 9 · Prepaid expenses and deferred charges

    beginning of year $202,756 · end of year $518,277

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

    $37,689,359

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

    $10,837,017

  • 10c · Land, buildings and equipment, net

    beginning of year $28,450,831 · end of year $26,852,342

  • 12 · Investments: other securities

    beginning of year $1,320,657 · end of year $1,318,757

  • 15 · Other assets

    beginning of year $8,675,049 · end of year $9,053,539

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,695,088 · end of year $1,140,708

  • 23 · Secured mortgages and notes payable

    beginning of year $29,794,233 · end of year $29,304,011

  • 25 · Other liabilities

    beginning of year $2,551,665 · end of year $2,773,884

  • 27 · Net assets without donor restrictions

    beginning of year $26,366,039 · end of year $25,489,385

  • 28 · Net assets with donor restrictions

    beginning of year $2,593,527 · end of year $5,229,480

Mission and programs · 2024

Mission

EQUITABLE OPPORTUNITY. AFFORDABLE HOMES. THRIVING NEIGHBORHOODS.

Activities or mission (Part I)

TO PROVIDE SAFE, CLEAN, AFFORDABLE AND HIGH QUALITY HOUSING TO PERSONS OF LOW AND MODERATE INCOME TO ENCOURAGE FAMILY RESPONSIBILITY AND INDEPENDENCE.

  • ICCF BUILDS AND RENOVATES RENTAL HOUSING WITH AN EMPHASIS ON RESIDENTIAL MANAGEMENT AND RESIDENT DIGNITY. OVER 600 RENTAL UNITS ARE PROVIDED AT BELOW MARKET RATES. IN ADDITION, PROGRAMS ARE AVAILABLE TO EVERY RENTAL RESIDENT TO TEACH THEM SKILLS TOWARD BECOMING HOMEOWNERS THEMSELVES. FAMILIES ASSUME POSITIONS OF RESPONSIBILITY IN THE OPERATION OF THEIR RENTAL COMMUNITIES THROUGH THE TENANT CENTERED MANAGEMENT PROGRAM, AND A SOCIAL WORK TEAM PROVIDES DIRECT SERVICES AND REFERRALS.

    Expenses $4,291,323 · Revenue $2,844,691

  • ICCF'S HOUSING COUNSELING PROGRAM IS CERTIFIED BY HUD AND THE MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY (MSHDA) AND ADHERES TO THE NATIONAL INDUSTRY STANDARDS FOR HOUSING COUNSELORS. IN FY2024 160 HOUSEHOLDS ENGAGED WITH OUR RESIDENT PROGRAMS. 448 INDIVIDUALS COMPLETED A HOMEBUYER EDUCATION SERIES AND 269 HOUSING COUNSELING CLIENTS WERE SERVED. ALL CLIENTS ARE SERVED REGARDLESS OF INCOME, RACE, COLOR, RELIGION/CREED, SEX, NATIONAL ORIGIN, AGE, FAMILY STATUS, DISABILITY, OR SEXUAL ORIENTATION/GENDER IDENTITY. PROGRAMS ARE ADMINISTERED IN CONFORMITY WITH LOCAL, STATE, AND FEDERAL ANTI-DISCRIMINATION LAWS, INCLUDING THE FEDERAL FAIR HOUSING ACT (42 USC 3600, ET SEQ.)ICCF OFFERS TWO CLASS SERIES: INTRODUCTION TO HOMEOWNERSHIP AND FINANCIAL CAPABILITIES. TOGETHER THESE SERVE TO EQUIP PROSPECTIVE HOMEBUYERS OR OTHERS WHO ARE WORKING TO ACHIEVE FINANCIAL GOALS OR AFFORDABLE HOUSING. CLASSES ARE TAUGHT BY EXPERTS ON ICCF STAFF AND OFFERED IN ENGLISH AND SPANISH. IN ADDITION, DEDICATED HOUSING COUNSELING AND AN INDIVIDUAL DEVELOPMENT ACCOUNT (IDA) DOWN PAYMENT MATCHING PROGRAM ARE AVAILABLE FOR QUALIFIED CLIENTS. THROUGH THESE PROGRAMS, PARTICIPANTS HAVE THE OPPORTUNITY TO IMPROVE THEIR FAMILY AND HOUSING SITUATIONS, AND INCREASE THEIR OPPORTUNITIES IN LIFE.

    Expenses $478,514

  • EMERGENCY SHELTER FOR HOMELESS FAMILIES - FAMILY HAVEN: IN FY2024 22 FAMILIES (42 ADULTS AND 72 CHILDREN) RECEIVED EMERGENCY HOUSING AND SERVICES DESIGNED TO TAKE THEM FROM HOMELESSNESS TO STABLE HOUSING AT ICCF'S EMERGENCY FAMILY SHELTER CALLED FAMILY HAVEN. 14 OF THE 22 FAMILIES HOUSED DURING FY2024 EXITED FAMILY HAVEN TO PERMANENT HOUSING. UP TO TWELVE MONTHS OF FOLLOW UP SERVICES HELP FAMILIES SECURE COMMUNITY RESOURCES, EMPLOYMENT, EDUCATION, CHILD CARE, ETC. ALL REFERRALS TO FAMILY HAVEN ARE RECEIVED FROM THE HOUSING ASSESSMENT PROGRAM AT THE SALVATION ARMY.

    Expenses $125,653

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • CAMERON YOUNG

    DIRECTOR - CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • EUNICE LOPEZ-MARTIN

    DIRECTOR - VICE CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • TOM PRINCE

    DIRECTOR - TREASURER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • BRIANNE PITCHFORD

    DIRECTOR - SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • DAVID CONTANT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RICK TREUR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DEVETTA BLAKELY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ALMA OBANDE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • OMAR BROWN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RYAN OGLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LEE HARDY

    DIRECTOR- PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MARY DEYOUNG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JANICE DORSEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RHODA KREUZER

    DIRECTOR - PART YEAR

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM JACKSON

    DIRECTOR - PART YEAR

    Total calculated
    $0
    Hours/week
    1

  • JAMECIA ADAMS

    DIRECTOR - PART YEAR

    Total calculated
    $0
    Hours/week
    1

  • RYAN VERWYS

    CEO

    Total calculated
    $141,341
    From this org
    $0
    From related orgs
    $129,287
    Other
    $12,054
    Hours/week
    40 + 8 related

  • MOLLY P PETERSEN

    VP OF FINANCE

    Total calculated
    $103,343
    From this org
    $0
    From related orgs
    $103,343
    Other
    $0
    Hours/week
    40 + 8 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.

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.

  • ACME INVESTORS LLC

    LOW-INCOME HOUSING · MI · income -$185,629 · assets $4,810,149

    Directly controlled by ICCF COMMUNITY HOMES

  • 435 LAGRAVE LLC

    LOW-INCOME HOUSING · MI · income -$17,836 · assets $897,278

    Directly controlled by ICCF COMMUNITY HOMES

  • ICCF HOMES LLC

    LOW-INCOME HOUSING · MI · income $33,986 · assets $19,753,566

    Directly controlled by ICCF COMMUNITY HOMES

  • ICCF HOMES 2 LLC

    LOW-INCOME HOUSING · MI · income $0 · assets $0

    Directly controlled by ICCF COMMUNITY HOMES

  • ICCF BROKERAGE LLC

    LOW-INCOME HOUSING MANAGEMENT · MI · income $30,768 · assets $76,892

    Directly controlled by ICCF COMMUNITY HOMES

  • 415 FRANKLIN LLC

    LOW-INCOME HOUSING · MI · income $0 · assets $0

    Directly controlled by ICCF COMMUNITY HOMES

  • 415 FRANKLIN BUFFER LLC

    LOW-INCOME HOUSING · MI · income $0 · assets $0

    Directly controlled by ICCF NONPROFIT HOUSING CORPORATION

  • 415 FRANKLIN GP LLC

    LOW-INCOME HOUSING · MI · income $0 · assets $0

    Directly controlled by 415 FRANKLIN BUFFER LLC

  • 501 EASTERN GP LLC

    LOW-INCOME HOUSING · MI · income $0 · assets $0

    Directly controlled by ICCF NONPROFIT HOUSING CORPORATION

  • EASTERN ELEMENTARY GP LLC

    LOW-INCOME HOUSING · MI · income $0 · assets $0

    Directly controlled by ICCF NONPROFIT HOUSING CORPORATION

  • TAPESTRY SQUARE SENIOR LIVING GP LLC

    LOW-INCOME/SR HOUSING · MI · income $0 · assets $0

    Directly controlled by ICCF NONPROFIT HOUSING CORPORATION

  • STOCKBRIDGE GP LLC

    LOW-INCOME HOUSING · MI · income $0 · assets $0

    Directly controlled by STOCKBRIDGE NONPROFIT HOUSING CORPORATION

  • 415 FRANKLIN DEVELOPER LLC

    LOW-INCOME HOUSING · MI · income $0 · assets $0

    Directly controlled by ICCF COMMUNITY HOMES

  • 100 WEALTHY LLC

    REAL ESTATE · MI · income $0 · assets $0

    Directly controlled by ICCF COMMUNITY HOMES

  • 816 MADISON SE LLC

    REAL ESTATE · MI · income $0 · assets $0

    Directly controlled by ICCF COMMUNITY HOMES

Related partnerships

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

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202543179349306949

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