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← INNOVATIVE HOUSING DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by INNOVATIVE HOUSING DEVELOPMENT CORPORATION.

Totals

Total revenue
$12,634,292
Total expenses
$11,811,893
Contributions and grants received
$146,634
Grants paid
$0
Program service revenue
$11,927,973
Investment income
$272,423
Other revenue
$287,262
Total assets, end of year
$9,592,081
Total liabilities, end of year
$1,065,127
Net assets or fund balances, end of year
$8,526,954
Program services expenses (Part IX)
$10,663,282
Management and general expenses
$1,148,611
Fundraising expenses
$0
Program service expenses (Part III)
$10,663,282

Program services were 90.3% 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.

  • 1e · Government grants (contributions)

    $146,634

  • 2a · Program service revenue: SCCCMHA CONTRACT

    total $10,417,450 · related or exempt $10,417,450

  • 2b · Program service revenue: RESIDENT SERVICES

    total $1,210,370 · related or exempt $1,210,370

  • 2c · Program service revenue: SCCCMHA STABILITY AND OTHER

    total $300,153 · related or exempt $300,153

  • 3 · Investment income

    total $202,945 · excluded $202,945

  • 7a · Gross sales of assets other than inventory

    securities $69,478

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

    securities $0

  • 7c · Gain or loss

    securities $69,478

  • 7d · Net gain or loss

    total $69,478 · excluded $69,478

  • 11a · Other revenue: CONTRACTED SERVICES

    total $286,773 · excluded $286,773

  • 11b · Other revenue: OTHER REVENUE

    total $489 · excluded $489

  • 11e · Other revenue, total

    $287,262

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $156,241 · management and general $156,241

  • 7 · Other salaries and wages

    total $8,264,243 · program services $7,718,281 · management and general $545,962

  • 8 · Pension plan contributions

    total $58,100 · program services $54,500 · management and general $3,600

  • 9 · Other employee benefits

    total $698,988 · program services $649,307 · management and general $49,681

  • 10 · Payroll taxes

    total $677,867 · program services $624,326 · management and general $53,541

  • 11b · Fees: legal

    total $1,743 · management and general $1,743

  • 11c · Fees: accounting

    total $62,215 · management and general $62,215

  • 11f · Fees: investment management

    total $4,602 · management and general $4,602

  • 11g · Fees: other

    total $72,305 · management and general $72,305

  • 13 · Office expenses

    total $75,247 · program services $40,276 · management and general $34,971

  • 14 · Information technology

    total $76,632 · program services $48,262 · management and general $28,370

  • 16 · Occupancy

    total $654,410 · program services $537,933 · management and general $116,477

  • 17 · Travel

    total $164,438 · program services $160,790 · management and general $3,648

  • 22 · Depreciation, depletion and amortization

    total $31,151 · program services $30,284 · management and general $867

  • 23 · Insurance

    total $46,077 · program services $31,689 · management and general $14,388

  • 24a · Other expenses: CONSUMABLES

    total $551,743 · program services $551,743

  • 24b · Other expenses: ACTIVITY EXPENSE

    total $119,547 · program services $119,547

  • 24c · Other expenses: RESIDENT MEDICAL & ALLO

    total $58,384 · program services $58,384

  • 24d · Other expenses: EMPLOYEE RECRUITMENT

    total $32,142 · program services $32,142

  • 24e · All other expenses

    total $5,818 · program services $5,818

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,215,252 · end of year $1,705,790

  • 4 · Accounts receivable

    beginning of year $815,027 · end of year $969,331

  • 8 · Inventories for sale or use

    beginning of year $38,000 · end of year $38,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,788 · end of year $83,127

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

    $181,467

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

    $138,798

  • 10c · Land, buildings and equipment, net

    beginning of year $61,981 · end of year $42,669

  • 11 · Investments: publicly traded securities

    beginning of year $5,175,673 · end of year $6,676,895

  • 15 · Other assets

    beginning of year $145,097 · end of year $76,269

  • 17 · Accounts payable and accrued expenses

    beginning of year $783,153 · end of year $988,858

  • 25 · Other liabilities

    beginning of year $145,097 · end of year $76,269

  • 27 · Net assets without donor restrictions

    beginning of year $6,535,568 · end of year $8,526,954

Mission and programs · 2023

Mission

TO PROVIDE A VARIETY OF QUALITY SERVICES AND SUPPORTS TO INDIVIDUALS WITH SPECIAL NEEDS. IN ADDITION, TO PROVIDE AFFORDABLE HOUSING TO A VARIETY OF INDIVIDUALS INCLUDING HANDICAPPED, ELDERLY, AND LIMITED INCOME PERSONS.

  • INNOVATIVE HOUSING DEVELOPMENT CORPORATION PROVIDES HOME SUPERVISION AND SERVICE TO THE DEVELOPMENTALLY DISABLED THROUGH FOURTEEN GROUP HOMES AS WELL AS ADMINISTRATION OF TWELVE HUD GROUP COMPLEXES.

    Expenses $10,596,917 · Revenue $11,873,471

  • ENHANCED COMMUNITY SERVICES ASSIST INDIVIDUALS WITH A MENTAL ILLNESS OR DEVELOPMENTAL DISABILITY TO BE ABLE TO LIVE INDEPENDENTLY AND PARTICIPATE ACTIVELY IN THE COMMUNITY.

    Expenses $66,365 · Revenue $54,502

  • N/A

As filed on the 2023 return.

Listed in Part VII

  • Edward Schultz

    BOARD MEMBER

    Total calculated
    $23,763
    From this org
    $5,400
    From related orgs
    $18,363
    Other
    $0
    Hours/week
    3 + 8 related

  • Kenneth Montgomery

    BOARD MEMBER

    Total calculated
    $2,327
    From this org
    $2,327
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.5 + 2.25 related

  • Richard Ward

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2.5 + 2.25 related

  • Robert Buechler

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2.5 + 2.25 related

  • Harry Oldenburg

    TREASURER

    Total calculated
    $0
    Hours/week
    2.5 + 2.25 related

  • Helen Ruffing

    SECRETARY

    Total calculated
    $0
    Hours/week
    2.5 + 2.25 related

  • Judy Worthington

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2.5 + 2.25 related

  • Renae Kiehler

    EXECUTIVE DIRECTOR

    Total calculated
    $145,996
    From this org
    $145,338
    From related orgs
    $0
    Other
    $658
    Hours/week
    41 + 4 related

  • Heather House

    FISCAL SERVICES DIRECTOR

    Total calculated
    $125,919
    From this org
    $119,165
    From related orgs
    $0
    Other
    $6,754
    Hours/week
    30 + 10 related

  • Melinda Campbell

    OPERATIONS DIRECTOR

    Total calculated
    $110,824
    From this org
    $110,166
    From related orgs
    $0
    Other
    $658
    Hours/week
    40

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.

Related partnerships

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

  • WOODWORTH SQUARE LIMITED DIVIDEND

    RENTAL · MI

Related corporations and trusts

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

  • LAKEPORT ENTERPRISES

    S · MAINTENANCE · MI

  • BAD AXE SENIOR HOUSING CORPORATION

    C · INVESTMENT · MI · 100% owned · share of income -$3 · share of assets $181,513

  • MONTGOMERY AND ASSOCIATES

    S · CONSULTING · MI

Provenance

Return type
form_990
Tax year
2023
Filed
11 February 2025
IRS schema version
2023v6.0
Source object
202520449349301102

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