Skip to content
Nonprofiteer
← SPRINGHILL HOUSING CORPORATION

Form 990 for tax year 2022

Filed by SPRINGHILL HOUSING CORPORATION.

Totals

Total revenue
$1,642,424
Total expenses
$863,208
Contributions and grants received
$204,943
Grants paid
$0
Program service revenue
$1,389,468
Investment income
$48,013
Other revenue
$0
Total assets, end of year
$5,575,300
Total liabilities, end of year
$2,567,343
Net assets or fund balances, end of year
$3,007,957
Program services expenses (Part IX)
$817,956
Management and general expenses
$45,252
Fundraising expenses
$0
Program service expenses (Part III)
$817,956

Program services were 94.8% 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.

  • 1f · All other contributions, gifts and grants

    $204,943

  • 2a · Program service revenue: TRUST INCOME

    total $1,032,741 · related or exempt $1,032,741

  • 2b · Program service revenue: RENT REVENUE

    total $356,727 · related or exempt $356,727

  • 3 · Investment income

    total $33,719 · excluded $33,719

  • 7a · Gross sales of assets other than inventory

    securities $14,294

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

    securities $0

  • 7c · Gain or loss

    securities $14,294

  • 7d · Net gain or loss

    total $14,294 · excluded $14,294

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $110,481 · program services $110,481

  • 11b · Fees: legal

    total $27,873 · program services $26,124 · management and general $1,749

  • 11c · Fees: accounting

    total $10,670 · management and general $10,670

  • 12 · Advertising and promotion

    total $5,988 · program services $5,988

  • 13 · Office expenses

    total $1,619 · program services $430 · management and general $1,189

  • 16 · Occupancy

    total $297,738 · program services $297,738

  • 17 · Travel

    total $3,535 · program services $3,535

  • 20 · Interest

    total $34,980 · program services $34,980

  • 22 · Depreciation, depletion and amortization

    total $126,423 · program services $126,423

  • 23 · Insurance

    total $35,405 · program services $35,405

  • 24a · Other expenses: SH PAT EXPENSES

    total $137,772 · program services $137,772

  • 24b · Other expenses: TAXES & LICENSES

    total $28,632 · program services $28,632

  • 24c · Other expenses: SHHC PAYROLL

    total $20,051 · management and general $20,051

  • 24d · Other expenses: MISCELLANEOUS

    total $11,593 · management and general $11,593

  • 24e · All other expenses

    total $10,448 · program services $10,448

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $48,415 · end of year $283,737

  • 4 · Accounts receivable

    beginning of year $107,882 · end of year $80,190

  • 9 · Prepaid expenses and deferred charges

    beginning of year $41,704 · end of year $43,326

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

    $4,448,338

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

    $1,772,938

  • 10c · Land, buildings and equipment, net

    beginning of year $2,751,538 · end of year $2,675,400

  • 13 · Investments: program-related

    beginning of year $2,015,533 · end of year $2,253,413

  • 15 · Other assets

    beginning of year $300,473 · end of year $239,234

  • 17 · Accounts payable and accrued expenses

    beginning of year $79,580 · end of year $80,126

  • 18 · Grants payable

    beginning of year $1,896,277 · end of year $1,691,334

  • 23 · Secured mortgages and notes payable

    beginning of year $814,549 · end of year $786,660

  • 25 · Other liabilities

    beginning of year $7,407 · end of year $9,223

  • 27 · Net assets without donor restrictions

    beginning of year $2,467,732 · end of year $3,007,957

Mission and programs · 2022

Mission

TO PROVIDE LOW INCOME HOUSING TO INDIVIDUALS WITH DISABILITIES.

  • PROVIDING LOW INCOME HOUSING TO INDIVIDUALS WITH DISABILITIES IN THE METRO DETROIT AREA AND PROVIDING AFFORDABLE PERMANENT HOUSING OPTIONS THROUGH THE DEVELOPMENT OF RENTAL PROPERTIES.

    Expenses $558,689 · Revenue $356,727

  • THE CORPORATION IS THE TRUSTEE FOR TWO SPECIAL NEEDS POOLED TRUSTS: SPRINGHILL FIRST-PARTY POOLED TRUST AND THE SPRINGHILL THIRD-PARTY POOLED TRUST. PROCEEDS FROM THE TRUSTS ARE USED TO FURTHER THE CORPORATION'S MISSION.

    Expenses $259,267 · Revenue $1,032,741

As filed on the 2022 return.

Listed in Part VII

  • Greg McDougall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • Philip Clark

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • Derek Girton

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • Kevin Wiedelman

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • Marc Craig

    AUTHORIZED AGENT

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • Kirsten Elliott

    AUTHORIZED AGENT

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • Carrie Mendoza

    AUTHORIZED AGENT

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • Michelle Brinkmann

    AUTHORIZED AGENT

    Total calculated
    $0
    Hours/week
    0.5 + 2 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
2022
Filed
22 June 2023
IRS schema version
2022v5.0
Source object
202342899349301329

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.