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

FY2021 · 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
24 mo
of spending, in cash
Looks good: 24.4 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
$31.5M
55% of total assets
Fine: liabilities are 55% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$13.2M
+24% vs prior year
Spent
$8.2M
To programs
79%
Net assets
$25.8M
By yearFY2020–FY2024
Revenue
$13.2M
FY2021▲ +24%
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
$8.2M
FY2021▲ +3%
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
$25.8M
FY2021▲ +18%
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 FY2021 Form 990 (year ending May 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

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% · $6.5M Management & general 14% · $1.2M Fundraising 7% · $576K

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

17 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President & CEO
$0Pt VII · Sec A
Vice President of Finance
$0Pt VII · Sec A
Director - Secretary
$0Pt VII · Sec A
Director - Chairperson
$0Pt VII · Sec A
Director - Treasurer
$0Pt VII · Sec A
Director - Vice Chairperson
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Iccf Community Homes executive salaries →

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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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Provided by the organization

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3 programs · $6.5M · in their own filed words · FY2020
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.

$4.0Mprogram 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 FY2021 256 individuals completed iccf's introduction to home ownership class AND/OR financial capabilities class.

$2.0Mprogram expense
03

Emergency Shelter for Homeless Families

Family haven: in FY2021 32 families received emergency housing and services designed to take them from homelessness to stable housing at iccf's emergency family shelter called family haven. 14 of the 32 families housed during FY2021 exited family haven to permanent housing.

$547Kprogram 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

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$13.2M
Ln 12
Gifts and grantsLn 1h$9.5M
Fees for servicesLn 2g$5.2M
Investment incomeLn 3$317K
Money outPt IX
$8.2M
Ln 25
Programscol B$6.5M
Managementcol C$1.2M
Fundraisingcol D$576K
Owns and owesPt X
$25.8M
net assets · Ln 32
Cash and savingsLn 1–2$16.7M
Total assetsLn 16$57.3M
LiabilitiesLn 26$31.5M
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$9.5M
Government grantsLn 1e$2.8M
Noncash giftsLn 1g$16K
Fundraising eventsLn 1c$133K
Fees for servicesLn 2g$5.2M
Investment incomeLn 3$317K
Gains on assetsLn 7−$1.8M
Total revenueLn 12$13.2M
Assets in detailPt X, end of year
CashLn 1$3.4M
SavingsLn 2$13.3M
Cash and savings togetherLn 1–2$16.7M
InvestmentsLn 11–13$832K
Land, buildings, equipmentLn 10c$25.7M
Other assetsLn 15$8.8M
Total assetsLn 16$57.3M
LiabilitiesLn 26$31.5M
Net assetsLn 32$25.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 61,405
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$13.8M$16.7M
InvestmentsLn 11–13$832K$832K
Land, buildings, equipmentLn 10c$30.4M$25.7M
Total assetsLn 16$55.8M$57.3M
LiabilitiesLn 26$33.9M$31.5M
Net assetsLn 32$21.9M$25.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$2.3M$1.4M$594K$279K
Pension plan contributionsLn 8$196K$111K$59K$27K
Other employee benefitsLn 9$50K$30K$13K$7K
Payroll taxesLn 10$216K$170K$23K$23K
Other fees for servicesLn 11g$367K$123K$131K$113K
Office expensesLn 13$38K$23K$7K$8K
Information technologyLn 14$18K$2K$859$15K
OccupancyLn 16$302K$288K$11K$3K
TravelLn 17$22K$21K$437$303
InterestLn 20$850K$848K$1K$335
Payments to affiliatesLn 21$1K$1K
Depreciation, depletion and amortizationLn 22$1.5M$1.4M$41K$14K
InsuranceLn 23$199K$194K$4K
Other expenses (24a–d)Ln 24$1.6M$1.4M$252K$13K
All other expensesLn 24e$523K$421K$27K$74K
Total functional expensesLn 25$8.2M$6.5M$1.2M$576K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $8.4M$10.5M−$2.2M$29.0M 990 PDF
FY2023 $9.6M$9.3M$268K$30.0M 990 PDF
FY2022 $12.2M$10.0M$2.2M$29.7M 990 PDF
FY2021 Viewing $13.2M$8.2M$5.0M$25.8M 990 PDF
FY2020 $10.7M$8.0M$2.7M$21.9M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $13,226,910 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,726,432$9,527,419
I-9 Program service revenuePrior year $5,540,809$5,170,260
I-10 Investment incomePrior year $357,579−$1,441,158
I-11 Other revenuePrior year $54,790−$29,611
I-12 Total revenuePrior year $10,679,610$13,226,910
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 $2,648,683$2,782,009
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $5,320,958$5,446,721
I-18 Total expensesPrior year $7,969,641$8,228,730
I-19 Revenue less expensesPrior year $2,709,969$4,998,180
Part VI · Governance 15 of 15 board members independent, 2 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
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 $13,226,910 across 11 lines filed
Lines not itemized here account for $13,292 of total revenue; see the IRS return.
VIII-1c Fundraising events$132,615
VIII-1d Related organizations$984,336
VIII-1e Government grants$2,762,761
VIII-1f All other contributions, gifts and grants$5,647,707
VIII-1g Noncash contributions (included above)$16,316
VIII-1h Total contributions, gifts and grants$9,527,419
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,170,260$5,170,260
VIII-3 Investment incomeExcluded from tax $317,169$317,169
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$1,758,327−$1,758,327
VIII-8 Net income from fundraising eventsExcluded from tax −$42,903−$42,903
VIII-12 Total revenueRelated to mission $5,170,260 · Unrelated business $0 · Excluded from tax −$1,470,769$13,226,910
Part IX · Statement of functional expenses $8,228,730 across 15 lines filed
IX-7 Other salaries and wagesPrograms $1,447,487 · Management $594,138 · Fundraising $278,680$2,320,305
IX-8 Pension plan contributionsPrograms $110,610 · Management $58,597 · Fundraising $26,849$196,056
IX-9 Other employee benefitsPrograms $30,203 · Management $12,771 · Fundraising $6,661$49,635
IX-10 Payroll taxesPrograms $170,256 · Management $22,927 · Fundraising $22,830$216,013
IX-11g Other fees for servicesPrograms $122,940 · Management $130,799 · Fundraising $113,410$367,149
IX-13 Office expensesPrograms $22,599 · Management $7,042 · Fundraising $7,891$37,532
IX-14 Information technologyPrograms $2,298 · Management $859 · Fundraising $14,662$17,819
IX-16 OccupancyPrograms $288,005 · Management $11,154 · Fundraising $2,634$301,793
IX-17 TravelPrograms $21,092 · Management $437 · Fundraising $303$21,832
IX-20 InterestPrograms $848,455 · Management $1,483 · Fundraising $335$850,273
IX-21 Payments to affiliatesPrograms $1,222$1,222
IX-22 Depreciation, depletion and amortizationPrograms $1,448,883 · Management $41,201 · Fundraising $14,437$1,504,521
IX-23 InsurancePrograms $194,454 · Management $4,112$198,566
IX-24 Other expenses (24a–d)Programs $1,358,733 · Management $251,640 · Fundraising $12,949$1,623,322
IX-24e All other expensesPrograms $421,231 · Management $27,246 · Fundraising $74,215$522,692
IX-25 Total functional expensesPrograms $6,488,468 · Management $1,164,406 · Fundraising $575,856$8,228,730
Part X · Balance sheet $57,299,342 assets, 15 lines filed
Asset lines not itemized here account for $3,109,639; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $3,251,748$3,449,894
X-2 Savings and temporary cash investmentsStart of year $10,557,817$13,292,455
X-4 Accounts receivableStart of year $653,552$1,752,629
X-9 Prepaid expenses and deferred chargesStart of year $502,720$432,447
X-10c Land, buildings and equipment, netStart of year $30,395,817$25,664,851
X-12 Other securitiesStart of year $832,149$832,149
X-15 Other assetsStart of year $6,561,661$8,765,278
X-16 Total assetsStart of year $55,847,215$57,299,342
X-17 Accounts payable and accrued expensesStart of year $1,018,360$724,485
X-25 Other liabilitiesStart of year $392,866$1,247,823
X-26 Total liabilitiesStart of year $33,939,223$31,505,106
X-27 Net assets without donor restrictionsStart of year $19,561,869$23,550,185
X-28 Net assets with donor restrictionsStart of year $2,346,123$2,244,051
X-32 Total net assets or fund balancesStart of year $21,907,992$25,794,236
X-33 Total liabilities and net assetsStart of year $55,847,215$57,299,342
Part XI · Reconciliation of net assets $25,794,236 net assets at year end
XI-1 Total revenue$13,226,910
XI-2 Total expenses$8,228,730
XI-3 Revenue less expenses$4,998,180
XI-4 Net assets at start of year$21,907,992
XI-5 Net unrealized gains (losses) on investments$2,333,021
XI-9 Other changes in net assets−$3,444,957
XI-10 Net assets at end of year$25,794,236

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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