To assure Housing for socially and economically vulnerable residents of kalamazoo county.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
$91K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
3 of 5
filings with a surplus
Average deficit $19K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$91K
to officers and key staff · 0.3% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $4.9M in investments, Pt X · Ln 11–13
Fine: 0.5 months of spending in cash, plus $4.9M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $352K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$3.4M
30% of total assets
Looks good: liabilities are 30% of assets; 50% or less.
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
$28.1M
+396% vs prior year
Spent
$27.6M
To programs
99%
Net assets
$7.7M
By yearFY2020–FY2024
Revenue
$28.1M
FY2021▲ +396%
Tap a bar for its year
Revenue by fiscal year
FY2020$5.7M
FY2021$28.1M
FY2022$25.9M
FY2023$4.1M
FY2024$2.9M
Expenses
$27.6M
FY2021▲ +424%
Tap a bar for its year
Expenses by fiscal year
FY2020$5.3M
FY2021$27.6M
FY2022$25.9M
FY2023$4.6M
FY2024$3.3M
Net assets
$7.7M
FY2021▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$7.0M
FY2021$7.7M
FY2022$7.2M
FY2023$7.0M
FY2024$6.7M

From the FY2021 Form 990 · 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 Oct 1983.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $27.2M Management & general 1% · $312K Fundraising 0% · $48K

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

16 people listed on the 990; $91K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$91,203Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Michelle Davis$121,002$101,607$90,922$91,203$92,643

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Housing Resources INC 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 housing for vulnerable residents in Kalamazoo County.

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2 programs · $27.2M · in their own filed words · FY2021
01

Housing stabilization program, housing resources, inc. Is kalamazoo county's lead housing agency for coordinated intake and assessment in providing information and referral, crisis intervention, shelter diversion, and homeless prevention activities to people faced with an eviction, condemnation or any other circumstances related to a…

$26.9Mprogram expense
02

Housing development and property services program, housing resources, inc. Also develops and manages four low-income housing tax credit properties, which include pinehurst townhomes, summit park apartments, kalamazoo rosewood, and rickman house and provides support services to tenants as needed.

$368Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$352K
See all 3 funders →
Grants paid · 4 grants · $28.4M · 2021–2022
Integrated Services of KalamazooFY2022$9,956,231
Open Doors KalamazooMI · FY2022$4,790,121
Integrated Services of KalamazooFY2021$7,998,081
Open Doors KalamazooMI · FY2021$5,674,867

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$28.1M
Ln 12
Gifts and grantsLn 1h$27.7M
Investment incomeLn 3$270K
Fees for servicesLn 2g$199K
Money outPt IX
$27.6M
Ln 25
Programscol B$27.2M
Managementcol C$312K
Fundraisingcol D$48K
Owns and owesPt X
$7.7M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$11.1M
LiabilitiesLn 26$3.4M
PeoplePt VI, VII
16
listed · VII A
PaidVII A1
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$27.7M
Government grantsLn 1e$26.9M
Fundraising eventsLn 1c$231K
Fees for servicesLn 2g$199K
Investment incomeLn 3$270K
Gains on assetsLn 7$156K
Total revenueLn 12$28.1M
Assets in detailPt X, end of year
CashLn 1$1.1M
Cash and savings togetherLn 1–2$1.1M
InvestmentsLn 11–13$4.9M
Land, buildings, equipmentLn 10c$280K
Other assetsLn 15$763K
Total assetsLn 16$11.1M
LiabilitiesLn 26$3.4M
Net assetsLn 32$7.7M
OperationsPt I, VI
EmployeesI 563
VolunteersI 6120
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$820K$1.1M
InvestmentsLn 11–13$4.6M$4.9M
Land, buildings, equipmentLn 10c$284K$280K
Total assetsLn 16$7.4M$11.1M
LiabilitiesLn 26$447K$3.4M
Net assetsLn 32$7.0M$7.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$13.7M$13.7M
Other salaries and wagesLn 7$1.4M$1.2M$166K$36K
Pension plan contributionsLn 8$10K$7K$3K$717
Other employee benefitsLn 9$219K$175K$35K$9K
Payroll taxesLn 10$105K$87K$15K$3K
Legal feesLn 11b$12K$5K$7K
Accounting feesLn 11c$29K$12K$17K
Investment management feesLn 11f$22K$9K$13K
Other fees for servicesLn 11g$110K$110K
Office expensesLn 13$62K$43K$19K
OccupancyLn 16$71K$51K$20K
Conferences, conventions and meetingsLn 19$2K$2K$75
InterestLn 20$5K$5K
Depreciation, depletion and amortizationLn 22$21K$17K$4K
InsuranceLn 23$25K$22K$3K
Other expenses (24a–d)Ln 24$11.9M$11.9M$4K
Total functional expensesLn 25$27.6M$27.2M$312K$48K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.9M$3.3M−$467K$6.7M 990 PDF
FY2023 $4.1M$4.6M−$570K$7.0M 990 PDF
FY2022 $25.9M$25.9M$15K$7.2M 990 PDF
FY2021 Viewing $28.1M$27.6M$525K$7.7M 990 PDF
FY2020 $5.7M$5.3M$400K$7.0M 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 $28,113,535 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,327,893$27,665,357
I-9 Program service revenuePrior year $187,262$198,702
I-10 Investment incomePrior year $168,876$270,368
I-11 Other revenuePrior year −$16,683−$20,892
I-12 Total revenuePrior year $5,667,348$28,113,535
I-13 Grants and similar amounts paidPrior year $0$13,672,948
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,442,904$1,695,601
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,824,087$12,219,974
I-18 Total expensesPrior year $5,266,991$27,588,523
I-19 Revenue less expensesPrior year $400,357$525,012
Part VI · Governance 15 of 15 board members independent, no flags
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $28,113,535 across 9 lines filed
VIII-1c Fundraising events$230,756
VIII-1e Government grants$26,858,666
VIII-1f All other contributions, gifts and grants$575,935
VIII-1h Total contributions, gifts and grants$27,665,357
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $198,702$198,702
VIII-3 Investment incomeExcluded from tax $114,592$114,592
VIII-7 Net gain or loss on sales of assetsExcluded from tax $155,776$155,776
VIII-8 Net income from fundraising eventsExcluded from tax −$20,892−$20,892
VIII-12 Total revenueRelated to mission $198,702 · Unrelated business $0 · Excluded from tax $249,476$28,113,535
Part IX · Statement of functional expenses $27,588,523 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $13,672,948$13,672,948
IX-7 Other salaries and wagesPrograms $1,160,264 · Management $165,625 · Fundraising $36,224$1,362,113
IX-8 Pension plan contributionsPrograms $6,803 · Management $2,509 · Fundraising $717$10,029
IX-9 Other employee benefitsPrograms $175,146 · Management $35,009 · Fundraising $8,795$218,950
IX-10 Payroll taxesPrograms $86,802 · Management $15,011 · Fundraising $2,696$104,509
IX-11b Legal feesPrograms $4,845 · Management $7,267$12,112
IX-11c Accounting feesPrograms $11,743 · Management $17,057$28,800
IX-11f Investment management feesPrograms $8,655 · Management $12,983$21,638
IX-11g Other fees for servicesPrograms $110,011$110,011
IX-13 Office expensesPrograms $43,425 · Management $18,957$62,382
IX-16 OccupancyPrograms $50,861 · Management $20,442$71,303
IX-19 Conferences, conventions and meetingsPrograms $1,882 · Management $75$1,957
IX-20 InterestManagement $4,829$4,829
IX-22 Depreciation, depletion and amortizationPrograms $17,132 · Management $4,283$21,415
IX-23 InsurancePrograms $21,651 · Management $3,276$24,927
IX-24 Other expenses (24a–d)Programs $11,856,137 · Management $4,463$11,860,600
IX-25 Total functional expensesPrograms $27,228,305 · Management $311,786 · Fundraising $48,432$27,588,523
Part X · Balance sheet $11,093,824 assets, 16 lines filed
Asset lines not itemized here account for $584,681; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $819,970$1,130,969
X-3 Pledges and grants receivableStart of year $494,801$2,768,879
X-9 Prepaid expenses and deferred chargesStart of year $36,584$638,232
X-10c Land, buildings and equipment, netStart of year $283,902$280,207
X-12 Other securitiesStart of year $2,829,629$3,203,928
X-13 Program-related investmentsStart of year $1,723,987$1,723,987
X-15 Other assetsStart of year $641,501$762,941
X-16 Total assetsStart of year $7,409,707$11,093,824
X-17 Accounts payable and accrued expensesStart of year $121,866$2,742,038
X-19 Deferred revenueStart of year $324,966$0
X-24 Unsecured notes and loans payable$616,890
X-26 Total liabilitiesStart of year $446,832$3,358,928
X-27 Net assets without donor restrictionsStart of year $6,555,843$7,256,485
X-28 Net assets with donor restrictionsStart of year $407,032$478,411
X-32 Total net assets or fund balancesStart of year $6,962,875$7,734,896
X-33 Total liabilities and net assetsStart of year $7,409,707$11,093,824
Part XI · Reconciliation of net assets $7,734,896 net assets at year end
XI-1 Total revenue$28,113,535
XI-2 Total expenses$27,588,523
XI-3 Revenue less expenses$525,012
XI-4 Net assets at start of year$6,962,875
XI-5 Net unrealized gains (losses) on investments$247,009
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$7,734,896

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

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