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← MM NONPROFIT HOUSING CORPORATION

Form 990 for tax year 2024

Filed by MM NONPROFIT HOUSING CORPORATION.

Totals

Total revenue
$92,802
Total expenses
$138,801
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$92,753
Investment income
$49
Other revenue
$0
Total assets, end of year
$1,185,162
Total liabilities, end of year
$22,098
Net assets or fund balances, end of year
$1,163,064
Program services expenses (Part IX)
$93,249
Management and general expenses
$45,552
Fundraising expenses
$0
Program service expenses (Part III)
$93,249

Program services were 67.2% 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: RENTAL INCOME

    total $92,753 · related or exempt $92,753

  • 3 · Investment income

    total $49 · excluded $49

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $23,714 · management and general $23,714

  • 10 · Payroll taxes

    total $540 · program services $540

  • 11a · Fees: management

    total $6,000 · management and general $6,000

  • 11b · Fees: legal

    total $20 · management and general $20

  • 11c · Fees: accounting

    total $7,900 · management and general $7,900

  • 11g · Fees: other

    total $850 · management and general $850

  • 13 · Office expenses

    total $7,068 · management and general $7,068

  • 22 · Depreciation, depletion and amortization

    total $40,221 · program services $40,221

  • 23 · Insurance

    total $5,416 · program services $5,416

  • 24a · Other expenses: MAINTENANCE

    total $23,741 · program services $23,741

  • 24b · Other expenses: UTILITIES

    total $15,912 · program services $15,912

  • 24c · Other expenses: REAL ESTATE TAXES

    total $7,415 · program services $7,415

  • 24d · Other expenses: MISCELLANEOUS EXPENSE

    total $4 · program services $4

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,584 · end of year $1,243

  • 4 · Accounts receivable

    beginning of year $314

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,319 · end of year $1,472

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

    $1,563,763

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

    $451,865

  • 10c · Land, buildings and equipment, net

    beginning of year $1,151,570 · end of year $1,111,898

  • 14 · Intangible assets

    beginning of year $3,565 · end of year $3,016

  • 15 · Other assets

    beginning of year $68,165 · end of year $67,533

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,624 · end of year $13,236

  • 19 · Deferred revenue

    beginning of year $380 · end of year $408

  • 25 · Other liabilities

    beginning of year $8,450 · end of year $8,454

  • 27 · Net assets without donor restrictions

    beginning of year -$365,717 · end of year -$411,716

  • 28 · Net assets with donor restrictions

    beginning of year $1,574,780 · end of year $1,574,780

Mission and programs · 2024

Mission

DEVELOPMENT AND MANAGEMENT OF A 10 UNIT LOW-INCOME HOUSING PROJECTS LOCATED IN EAST JORDAN, MI.

Activities or mission (Part I)

DEVELOPMENT AND MANAGEMENT OF A 10 UNIT LOW-INCOME HOUSING PROJECT LOCATED IN EAST JORDAN, MI.

  • DEVELOPMENT, OWNERSHIP, AND MANAGEMENT OF A 10 UNIT LOW-INCOME HOUSING UNITS LOCATED IN EAST JORDAN, MI.

    Expenses $93,249 · Revenue $92,753

As filed on the 2024 return.

Listed in Part VII

  • Shannon Fender

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Randy Frykberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mel Matchett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Tom Johnson

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Brian Olszewski

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • David White

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 2.5 related

  • Jane MacKenzie

    PRESIDENT

    Total calculated
    $90,480
    From this org
    $0
    From related orgs
    $86,171
    Other
    $4,309
    Hours/week
    2 + 40 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.

Provenance

Return type
form_990
Tax year
2024
Filed
28 February 2025
IRS schema version
2024v5.0
Source object
202540649349300829

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