Iccf Community Homes FY2020 filing

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To provide safe, clean, affordable and high quality housing to persons of low and moderate income to encourage family responsibility and independence.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $1.6M a year · 15% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
21 mo
of spending, in cash
Looks good: 20.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $42K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$33.9M
61% of total assets
Fine: liabilities are 61% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$10.7M
Spent
$8.0M
To programs
79%
Net assets
$21.9M
By yearFY2020–FY2024
Revenue
$10.7M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$10.7M
FY2021$13.2M
FY2022$12.2M
FY2023$9.6M
FY2024$8.4M
FY2024$8.5M
Expenses
$8.0M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$8.0M
FY2021$8.2M
FY2022$10.0M
FY2023$9.3M
FY2024$10.5M
FY2024$6.6M
Net assets
$21.9M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$21.9M
FY2021$25.8M
FY2022$29.7M
FY2023$30.0M
FY2024$29.0M
FY2024$30.7M

From the FY2020 Form 990 (year ending May 2020) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1970.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $6.3M Management & general 14% · $1.1M Fundraising 7% · $562K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
President & CEO
$0Pt VII · Sec A
Vice President of Finance
$0Pt VII · Sec A
Director - Chairperson
$0Pt VII · Sec A
Director - Vice Chairperson
$0Pt VII · Sec A
Director - Treasurer
$0Pt VII · Sec A
Director - Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Iccf Community Homes executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides affordable housing, emergency shelter, and supportive services to help low- and moderate-income families transition from homelessness to stable, independent lives.

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3 programs · $6.3M · in their own filed words · FY2019
01

Iccf builds and renovates rental housing with an emphasis on residential management and resident dignity. Over 500 rental units are provided at below market rates. In addition, programs are available to every rental resident to teach them skills toward becoming homeowners themselves.

$5.2Mprogram expense
02

Iccf's housing counseling program is certified by hud and the michigan state housing development authority (mshda) and adheres to the national industry standards for housing counselors. In FY2020 478 individuals completed iccf's introduction to home ownership class, 64 individuals completed the financial capabilities class, 68 indivduals…

$865Kprogram expense
03

Emergency Shelter for Homeless Families

Family haven: in FY2020 25 families (126 individuals, 90 children & 36 adults) received emergency housing and services designed to take them from homelessness to stable housing at iccf's emergency family shelter called family haven.

$211Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending May 2021 · $2.9M federal money spent
Covid-19 - Coronavirus Relief FundDepartment of the Treasury · ALN 21.019 · Through Kent County$2.1M
Community Development Block Grants/Entitlement GrantsDepartment of Housing and Urban Development · ALN 14.218 · Through City of Wyoming and 1 more$630K
Continuum of Care ProgramDepartment of Housing and Urban Development · ALN 14.267 · Direct$55K
Housing Counseling Assistance ProgramDepartment of Housing and Urban Development · ALN 14.169 · Through Michigan State Housing Development$44K
Emergency Food and Shelter National Board ProgramDepartment of Homeland Security · ALN 97.024 · Direct$32K

The auditor reported 3 findings: a material weakness in money controls.

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$10.7M
Ln 12
Fees for servicesLn 2g$5.5M
Gifts and grantsLn 1h$4.7M
Investment incomeLn 3$358K
Money outPt IX
$8.0M
Ln 25
Programscol B$6.3M
Managementcol C$1.1M
Fundraisingcol D$562K
Owns and owesPt X
$21.9M
net assets · Ln 32
Cash and savingsLn 1–2$13.8M
Total assetsLn 16$55.8M
LiabilitiesLn 26$33.9M
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.7M
Government grantsLn 1e$683K
Noncash giftsLn 1g$63K
Fees for servicesLn 2g$5.5M
Investment incomeLn 3$358K
Other incomeLn 4–11$55K
Gains on assetsLn 7$105K
Total revenueLn 12$10.7M
Assets in detailPt X, end of year
CashLn 1$3.3M
SavingsLn 2$10.6M
Cash and savings togetherLn 1–2$13.8M
Accounts receivableLn 4$654K
Notes and loans receivableLn 7$3.1M
Prepaid expenses and deferred chargesLn 9$503K
Land, buildings, equipmentLn 10c$30.4M
InvestmentsLn 11–13$832K
Other assetsLn 15$6.6M
Total assetsLn 16$55.8M
LiabilitiesLn 26$33.9M
Net assetsLn 32$21.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 61,405
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$63K
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$48K
Share of the $100K endowmentSch D 1g48.0%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
LineFY20FY19FY18FY17FY16
End of yearLn 1g$100K$100K$100K$100K$100K
Given inLn 1b$9K
SpentLn 1d–1f$0$6K$6K$6K$106
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$13.2M$13.8M
InvestmentsLn 11–13$4.3M$832K
Land, buildings, equipmentLn 10c$35.4M$30.4M
Total assetsLn 16$62.6M$55.8M
LiabilitiesLn 26$34.5M$33.9M
Net assetsLn 32$28.1M$21.9M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$2.2M$1.4M$502K$258K
Pension plan contributionsLn 8$204K$132K$54K$17K
Other employee benefitsLn 9$56K$35K$13K$8K
Payroll taxesLn 10$217K$163K$31K$24K
Investment management feesLn 11f$48K$48K
Other fees for servicesLn 11g$373K$120K$111K$142K
Office expensesLn 13$34K$21K$7K$7K
Information technologyLn 14$12K$759$60$12K
OccupancyLn 16$259K$249K$8K$2K
TravelLn 17$22K$20K$2K$910
InterestLn 20$904K$904K$250
Depreciation, depletion and amortizationLn 22$1.4M$1.3M$50K$17K
InsuranceLn 23$173K$170K$4K
Other expenses (24a–d)Ln 24$1.9M$1.7M$228K$6K
All other expensesLn 24e$197K$98K$31K$68K
Total functional expensesLn 25$8.0M$6.3M$1.1M$562K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024Filed with the IRS Apr 14, 2025 $8.4M$10.5M−$2.2M$29.0M 990 PDF
FY2023Filed with the IRS Apr 9, 2024 $9.6M$9.3M$268K$30.0M 990 PDF
FY2022Filed with the IRS Apr 15, 2023 $12.2M$10.0M$2.2M$29.7M 990 PDF
FY2021Filed with the IRS Apr 8, 2022 $13.2M$8.2M$5.0M$25.8M 990 PDF
FY2020 ViewingFiled with the IRS Apr 12, 2021 $10.7M$8.0M$2.7M$21.9M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $10,679,610 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,712,901$4,726,432
I-9 Program service revenuePrior year $7,491,885$5,540,809
I-10 Investment incomePrior year $6,044$357,579
I-11 Other revenuePrior year $87,209$54,790
I-12 Total revenuePrior year $12,298,039$10,679,610
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,728,376$2,648,683
I-16a Professional fundraising feesPrior year $1,473$0
I-17 Other expensesPrior year $5,624,396$5,320,958
I-18 Total expensesPrior year $8,354,245$7,969,641
I-19 Revenue less expensesPrior year $3,943,794$2,709,969
Part VI · Governance 13 of 13 board members independent, 2 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $10,679,610 across 8 lines filed
Lines not itemized here account for $54,790 of total revenue; see the IRS return.
VIII-1e Government grants$683,391
VIII-1f All other contributions, gifts and grants$4,043,041
VIII-1g Noncash contributions (included above)$62,561
VIII-1h Total contributions, gifts and grants$4,726,432
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,540,809$5,540,809
VIII-3 Investment incomeExcluded from tax $252,206$252,206
VIII-7 Net gain or loss on sales of assetsExcluded from tax $105,373$105,373
VIII-12 Total revenueRelated to mission $5,540,809 · Unrelated business $0 · Excluded from tax $412,369$10,679,610
Part IX · Statement of functional expenses $7,969,641 across 15 lines filed
IX-7 Other salaries and wagesPrograms $1,412,099 · Management $502,029 · Fundraising $257,721$2,171,849
IX-8 Pension plan contributionsPrograms $132,387 · Management $54,347 · Fundraising $17,089$203,823
IX-9 Other employee benefitsPrograms $35,257 · Management $12,910 · Fundraising $7,565$55,732
IX-10 Payroll taxesPrograms $163,014 · Management $30,682 · Fundraising $23,583$217,279
IX-11f Investment management feesManagement $47,986$47,986
IX-11g Other fees for servicesPrograms $120,309 · Management $110,554 · Fundraising $142,196$373,059
IX-13 Office expensesPrograms $20,814 · Management $6,844 · Fundraising $6,813$34,471
IX-14 Information technologyPrograms $759 · Management $60 · Fundraising $11,614$12,433
IX-16 OccupancyPrograms $248,831 · Management $7,548 · Fundraising $2,171$258,550
IX-17 TravelPrograms $19,500 · Management $2,005 · Fundraising $910$22,415
IX-20 InterestPrograms $903,762 · Management $250$904,012
IX-22 Depreciation, depletion and amortizationPrograms $1,324,430 · Management $50,401 · Fundraising $17,398$1,392,229
IX-23 InsurancePrograms $169,788 · Management $3,641$173,429
IX-24 Other expenses (24a–d)Programs $1,670,787 · Management $228,172 · Fundraising $6,426$1,905,385
IX-24e All other expensesPrograms $97,898 · Management $30,657 · Fundraising $68,434$196,989
IX-25 Total functional expensesPrograms $6,319,635 · Management $1,088,086 · Fundraising $561,920$7,969,641
Part X · Balance sheet $55,847,215 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $3,477,306$3,251,748
X-2 Savings and temporary cash investmentsStart of year $9,729,582$10,557,817
X-4 Accounts receivableStart of year $243,027$653,552
X-7 Notes and loans receivableStart of year $4,389,510$3,091,751
X-9 Prepaid expenses and deferred chargesStart of year $399,175$502,720
X-10c Land, buildings and equipment, netStart of year $35,368,995$30,395,817
X-12 Other securitiesStart of year $4,343,943$832,149
X-15 Other assetsStart of year $4,695,096$6,561,661
X-16 Total assetsStart of year $62,649,584$55,847,215
X-17 Accounts payable and accrued expensesStart of year $1,277,585$1,018,360
X-23 Secured mortgages and notes payableStart of year $32,988,194$32,527,997
X-25 Other liabilitiesStart of year $267,066$392,866
X-26 Total liabilitiesStart of year $34,532,845$33,939,223
X-27 Net assets without donor restrictionsStart of year $25,770,616$19,561,869
X-28 Net assets with donor restrictionsStart of year $2,346,123$2,346,123
X-32 Total net assets or fund balancesStart of year $28,116,739$21,907,992
X-33 Total liabilities and net assetsStart of year $62,649,584$55,847,215
Part XI · Reconciliation of net assets $21,907,992 net assets at year end
XI-1 Total revenue$10,679,610
XI-2 Total expenses$7,969,641
XI-3 Revenue less expenses$2,709,969
XI-4 Net assets at start of year$28,116,739
XI-5 Net unrealized gains (losses) on investments−$174,271
XI-9 Other changes in net assets−$8,744,445
XI-10 Net assets at end of year$21,907,992

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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