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Nonprofiteer
← LIGHTHOUSE OF OAKLAND COUNTY INC

Form 990 for tax year 2022

Filed by LIGHTHOUSE OF OAKLAND COUNTY INC.

Totals

Total revenue
$346,016
Total expenses
$5,155
Contributions and grants received
$2,900
Grants paid
$0
Program service revenue
$0
Investment income
$125,611
Other revenue
$217,505
Total assets, end of year
$4,080,186
Total liabilities, end of year
$537,506
Net assets or fund balances, end of year
$3,542,680
Program services expenses (Part IX)
$463
Management and general expenses
$4,692
Fundraising expenses
$0
Program service expenses (Part III)
$463

Program services were 9.0% 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.

  • 1f · All other contributions, gifts and grants

    $2,900

  • 3 · Investment income

    total $64,340 · excluded $64,340

  • 7a · Gross sales of assets other than inventory

    securities $1,071,847

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

    securities $1,010,576

  • 7c · Gain or loss

    securities $61,271

  • 7d · Net gain or loss

    total $61,271 · excluded $61,271

  • 11a · Other revenue: CANCELATION OF DEBT

    total $217,505 · related or exempt $217,505

  • 11e · Other revenue, total

    $217,505

Functional expenses

Part IX, the statement of functional expenses.

  • 11f · Fees: investment management

    total $199 · management and general $199

  • 13 · Office expenses

    total $3,021 · program services $80 · management and general $2,941

  • 16 · Occupancy

    total $460 · program services $383 · management and general $77

  • 20 · Interest

    total $1,475 · management and general $1,475

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $42,078 · end of year $7,737

  • 2 · Savings and temporary cash investments

    beginning of year $94,910

  • 4 · Accounts receivable

    end of year $20,743

  • 11 · Investments: publicly traded securities

    beginning of year $3,108,488 · end of year $2,358,062

  • 15 · Other assets

    beginning of year $755,697 · end of year $1,693,644

  • 17 · Accounts payable and accrued expenses

    beginning of year $66,275

  • 23 · Secured mortgages and notes payable

    beginning of year $537,506 · end of year $537,506

  • 24 · Unsecured notes and loans payable

    beginning of year $389,927 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,582,223 · end of year $2,177,884

  • 28 · Net assets with donor restrictions

    beginning of year $1,425,242 · end of year $1,364,796

Mission and programs · 2022

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.

  • THE ORGANIZATION SERVES RESIDENTS OF SOUTHEASTERN MICHIGAN WHO ARE FACING ECONOMIC HARDSHIP BY PROVIDING THE SUPPORT AND RESOURCES THEY NEED TO MOVE FROM CRISIS TOWARDS SELF-SUFFICIENCY.

    Expenses $463

As filed on the 2022 return.

Listed in Part VII

  • Ryan Hertz

    PRESIDENT & CEO

    Total calculated
    $238,947
    From this org
    $0
    From related orgs
    $221,999
    Other
    $16,948
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $221,999 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $16,948 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $238,947 related

  • Jackie Buchanan

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2

  • Richard Lewnau

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    2

  • 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

    RELATED · PROVIDE LOW-INCOME HOUSING TO SENIORS. · MI · 0.1% owned · share of income $67

  • SKIDWAY LAKE LDHA LIMITED PARTNERSHIP

    RELATED · PROVIDE LOW-INCOME HOUSING TO SENIORS. · MI · 0.1% owned · share of income $122

  • BEACON HOUSING LIMITED PARTNERSHIP

    RELATED · PROVIDE LOW-INCOME HOUSING · MI

    Directly controlled by SOUTH OAKLAND SHELTER

  • COOLIDGE PLACE LIMITED DIVIDEND HOUSING ASSOCIATION LIMITED PARTNERSHIP

    N/A · 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 · 100% owned · controlled entity

    Directly controlled by LIGHTHOUSE OF OAKLAND COUNTY

  • SPERO COOLIDGE PLACE INC

    C · DEVELOPER OF LOW INCOME HOUSING · MI

Provenance

Return type
form_990
Tax year
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202431319349300638

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