Totals
- Total revenue
- $492,792
- Total expenses
- $48,199
- Contributions and grants received
- $477,905
- Grants paid
- $0
- Program service revenue
- $10,841
- Investment income
- $4,046
- Other revenue
- $0
- Total assets, end of year
- $1,618,636
- Total liabilities, end of year
- $1,103,900
- Net assets or fund balances, end of year
- $514,736
- Program services expenses (Part IX)
- $41,343
- Management and general expenses
- $4,821
- Fundraising expenses
- $2,035
- Program service expenses (Part III)
- $41,343
Program services were 85.8% 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
$477,905
-
2a · Program service revenue: RENTAL INCOME
total $10,841 · related or exempt $10,841
-
3 · Investment income
total $4,046 · related or exempt $4,046
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $1,122 · program services $1,122
-
11g · Fees: other
total $2,150 · program services $2,150
-
13 · Office expenses
total $68 · management and general $34 · fundraising $34
-
14 · Information technology
total $486 · management and general $243 · fundraising $243
-
16 · Occupancy
total $750 · program services $750
-
20 · Interest
total $15,015 · program services $15,015
-
22 · Depreciation, depletion and amortization
total $6,487 · program services $6,487
-
23 · Insurance
total $6,980 · program services $4,537 · management and general $2,443
-
24a · Other expenses: PROPERTY TAXES
total $6,928 · program services $6,928
-
24b · Other expenses: BANK FEES & SVCS CHARGES
total $3,448 · management and general $1,724 · fundraising $1,724
-
24c · Other expenses: REPAIRS & MAINTENANCE
total $2,673 · program services $2,673
-
24d · Other expenses: UTILITIES
total $1,681 · program services $1,681
-
24e · All other expenses
total $411 · management and general $377 · fundraising $34
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $98,394 · end of year $30,255
-
2 · Savings and temporary cash investments
end of year $146,609
-
10a · Land, buildings and equipment: cost or other basis
$434,046
-
10b · Land, buildings and equipment: accumulated depreciation
$6,487
-
10c · Land, buildings and equipment, net
end of year $427,559
-
15 · Other assets
beginning of year $561,749 · end of year $1,014,213
-
23 · Secured mortgages and notes payable
end of year $742,500
-
24 · Unsecured notes and loans payable
beginning of year $590,000 · end of year $360,000
-
25 · Other liabilities
end of year $1,400
-
31 · Retained earnings, endowment or other funds
beginning of year $70,143 · end of year $514,736
Mission and programs · 2023
Mission
A COMMUNITY LAND TRUST DEDICATED TO PROVIDING SECURE, AFFORDABLE HOUSING IN LEELANAU COUNTY.
-
PURCHASE AND UPDATE RESIDENTIAL PROPERTIES. SELL THE HOUSE, BUT NOT THE LAND, TO INDIVIDUALS WHO WOULD OTHERWISE NOT BE ABLE TO AFFORD THE HOME. PENINSULA HOUSING LEASES THE LAND TO THE HOMEOWNER ON A LONG TERM LEASE.
Expenses $41,343 · Revenue $10,841
As filed on the 2023 return.
Listed in Part VII
-
John BevingtonJOHN BEVINGTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Meg DelorMEG DELOR
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
James DyerJAMES DYER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Lawrence MawbyLAWRENCE MAWBY
PRESIDENT
- Total calculated
- $0
- Hours/week
- 10
-
Sara MichaelSARA MICHAEL
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
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
- 6 November 2024
- IRS schema version
- 2023v5.0
- Source object
- 202433119349300238
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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