Form 990 for tax year 2023
Filed by MI CASA HOUSING DEVELOPMENT FUND CORP.
Totals
- Total revenue
- $209,881
- Total expenses
- $236,897
- Contributions and grants received
- $186,710
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $1
- Other revenue
- $23,170
- Total assets, end of year
- $2,028,629
- Total liabilities, end of year
- $3,303,595
- Net assets or fund balances, end of year
- -$1,274,966
- Program services expenses (Part IX)
- $23,143
- Management and general expenses
- $213,754
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $23,143
Program services were 9.8% 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)
$186,710
-
3 · Investment income
total $1 · excluded $1
-
6a · Gross rents
real property $23,170
-
6c · Rental income or loss
real property $23,170
-
6d · Net rental income or loss
total $23,170 · excluded $23,170
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $5,000 · program services $5,000
-
11b · Fees: legal
total $1,575 · management and general $1,575
-
11c · Fees: accounting
total $2,500 · management and general $2,500
-
11g · Fees: other
total $192,305 · management and general $192,305
-
22 · Depreciation, depletion and amortization
total $18,143 · program services $18,143
-
23 · Insurance
total $17,374 · management and general $17,374
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $17,400 · end of year $13,514
-
4 · Accounts receivable
beginning of year $56,526 · end of year $83,908
-
9 · Prepaid expenses and deferred charges
beginning of year $12,556 · end of year $21,440
-
10a · Land, buildings and equipment: cost or other basis
$2,939,430
-
10b · Land, buildings and equipment: accumulated depreciation
$1,347,837
-
10c · Land, buildings and equipment, net
beginning of year $1,598,555 · end of year $1,591,593
-
15 · Other assets
beginning of year $318,424 · end of year $318,174
-
17 · Accounts payable and accrued expenses
beginning of year $3,110,411 · end of year $3,099,095
-
25 · Other liabilities
beginning of year $141,000 · end of year $204,500
-
27 · Net assets without donor restrictions
beginning of year -$1,247,950 · end of year -$1,274,966
Mission and programs · 2023
Mission
TO PROVIDE HOUSING AND SOCIAL SERVICES FOR PEOPLE WITH SPECIAL NEEDS.
Activities or mission (Part I)
SERVICES FOR PEOPLE WITH SPECIAL NEEDS.
-
TO PROVIDE HOUSING AND SOCIAL SERVICES FOR PEOPLE WITH SPECIAL NEEDS.
Expenses $23,143
As filed on the 2023 return.
Listed in Part VII
-
CHRISTAPHER BENSON
MEMBER
- Total calculated
- $0
- Hours/week
- 10
-
DANIEL KENT
PRESIDENT
- Total calculated
- $0
- Hours/week
- 20
-
RAFAL MARKWAT
TREASURER
- Total calculated
- $0
- Hours/week
- 10
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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 19 February 2024
- IRS schema version
- 2023v4.0
- Source object
- 202400539349301125
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