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Nonprofiteer
← ANN ARBOR HOUSING DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by ANN ARBOR HOUSING DEVELOPMENT CORPORATION.

Totals

Total revenue
$16,951,164
Total expenses
$12,326,612
Contributions and grants received
$16,356,386
Grants paid
$0
Program service revenue
$0
Investment income
$33,628
Other revenue
$561,150
Total assets, end of year
$17,209,080
Total liabilities, end of year
$6,942,866
Net assets or fund balances, end of year
$10,266,214
Program services expenses (Part IX)
$12,326,612
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$12,326,612

Program services were 100.0% 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.

  • 1e · Government grants (contributions)

    $16,163,269

  • 1f · All other contributions, gifts and grants

    $193,117

  • 3 · Investment income

    total $33,628 · related or exempt $33,628

  • 11a · Other revenue: LOAN REVENUE

    total $516,201 · related or exempt $516,201

  • 11b · Other revenue: OTHER

    total $44,949 · related or exempt $44,949

  • 11e · Other revenue, total

    $561,150

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $64,460 · program services $64,460

  • 11c · Fees: accounting

    total $11,385 · program services $11,385

  • 11g · Fees: other

    total $234,969 · program services $234,969

  • 17 · Travel

    total $9 · program services $9

  • 19 · Conferences, conventions and meetings

    total $54 · program services $54

  • 22 · Depreciation, depletion and amortization

    total $53,511 · program services $53,511

  • 23 · Insurance

    total $4,057 · program services $4,057

  • 24a · Other expenses: DEVELOPMENT EXPENSE

    total $5,040,346 · program services $5,040,346

  • 24b · Other expenses: AFFILATED ENTITIES SUPPOR

    total $3,550,169 · program services $3,550,169

  • 24c · Other expenses: TENANT SERVICES

    total $2,830,578 · program services $2,830,578

  • 24d · Other expenses: RECEIVABLES WRITE OFF

    total $508,952 · program services $508,952

  • 24e · All other expenses

    total $28,122 · program services $28,122

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $769,249 · end of year $467,384

  • 2 · Savings and temporary cash investments

    beginning of year $1,341,146 · end of year $6,874,774

  • 4 · Accounts receivable

    beginning of year $705,486 · end of year $1,161,594

  • 7 · Other notes and loans receivable

    end of year $16,235

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,943 · end of year $20,724

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

    $8,739,590

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

    $71,221

  • 10c · Land, buildings and equipment, net

    beginning of year $5,172,034 · end of year $8,668,369

  • 17 · Accounts payable and accrued expenses

    beginning of year $714,310 · end of year $902,424

  • 19 · Deferred revenue

    beginning of year $135,886 · end of year $6,040,442

  • 25 · Other liabilities

    beginning of year $1,500,000

  • 27 · Net assets without donor restrictions

    beginning of year $5,641,662 · end of year $10,266,214

Mission and programs · 2023

Mission

RENTAL HOUSING IN THE GREATER ANN ARBOR AREA, INCLUDING NECESSARY SUPPORTIVE SERVICES TO ENHANCE LIVABILITY FOR LOW INCOME AND SPECIAL NEEDS CLIENTELE.

  • RELIEVED A SHORTAGE OF DECENT, SAFE AND SANITARY HOUSING FOR PERSONS OF LOW INCOME INCLUDING FAMILIES AND ELDERLY, HOMELESS OR DISABLED PERSONS IN THE CITY OF ANN ARBOR, MI AND OTHER MICHIGAN COMMUNITIES.

    Expenses $12,326,612

As filed on the 2023 return.

Listed in Part VII

  • Jennifer Hall

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Dr Lee Meadows

    PRESIDENT

    Total calculated
    $0

  • Dr Steven Daniels

    DIRECTOR

    Total calculated
    $0

  • Patricia Jenkins

    DIRECTOR

    Total calculated
    $0

  • Thierry Batalonga

    DIRECTOR

    Total calculated
    $0

  • Deanna Boer

    VICE PRESIDE

    Total calculated
    $0

  • Matthew Weber

    DIRECTOR

    Total calculated
    $0

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.

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.

  • COLONIAL OAKS LLC

    MI · income $715,220 · assets $3,237,842

  • SILLER TERRACE LLC

    MI · income $3,855,049 · assets $4,349,955

Provenance

Return type
form_990
Tax year
2023
Filed
2 April 2025
IRS schema version
2023v6.0
Source object
202521049349301112

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