Thumb Area Enterprises

EIN 38-2628943 Unknown exempt organization Cass City, MI
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Revenue & expenses by yearFY2020–FY2022
Revenue
$465K
FY2022▼ -76%
Expenses
$488K
FY2022▼ -72%

Form 990 for the fiscal year ending December 2022 (IRS tax year 2022).


Offers housing and care for assisted living and dementia residents. For fiscal year 2022 it reported $465K in revenue and $488K in expenses.Pt I

Type
Unknown exempt organization · Nonprofit
Location
Cass City, MI
Website
northwood-meadowsmi.com
Filings
3 on file (2020–2022)
Revenue
$465KFY2022
Expenses
$488K
Net assets
$0
People
9
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Provided by the organization

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Size
$100K–1M
What they do
Offers housing and care for assisted living and dementia residents.
Leadership
Patrick Curtis · President of the Board
Money in and out
$465K revenue, $488K expenses
Bottom line
-5% surplus margin

What Funders Ask

From IRS filings

Can I give now?

good No revocation on IRS record

Not on the IRS revocation list. Details →

Filing up to date?

warning Last filed FY2022 — 4 yrs ago

Details →

Spent on programs?

good 98% to programs

Form 990 Part IX, latest filing. Details →

Size and trend

$100K–1M

↓ -76% vs prior year Details →

Not in filings yet: tax-deductible · foundation funders

Reported financial activity · FY2022
Total revenue
$465K
Pt VIII · Ln 12
Total expenses
$488K
Pt IX · Ln 25
Net assets
$0
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$23K
Where spending went · Part IX cols B–D
Program services $0.98 Management & general $0.02
Surplus margin
-5%
revenue over expenses, this year▼ -158% vs prior filing year
Program spending
98%
of expenses reach programs+0.1% vs prior filing year

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Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$0
FY2022▼ -100%
Total liabilities
$0
FY2022▼ -100%
Revenue less expensesPt I · Ln 19−$23K
Total assetsPt X · Ln 16$0
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CThumb Area Enterprises
EINHdr · item D38-2628943
Principal addressHdr · item CCass City, MI
WebsiteHdr · item Jnorthwood-meadowsmi.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFpending

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President of the Board
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President & CEO
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $479K of program spending, described in the organization's own filed words · FY2022.
01

Northwood Meadows independent/assisted living apartments provide housing for those over 65 years old who either require some assistance or desire to no longer live alone yet do not require nursing home care. The one bedroom and studio apartments have a 24 hour emergency call system.

$479Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue100%$463K
Contributions & grants$2K
Investment income$2
Total revenueLn 12$465K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.02
Program services98%$479K
Management & general2%$9K
Total functional expensesLn 25$488K

Balance Sheet

Part X · end of year
CashLn 1—
Total assetsLn 16$0
Total liabilitiesLn 26$0
Total net assetsLn 32$0

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves — · Operating expenses/yr $488K
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $479K · Total expenses $488K
98%
Management & General
Management & general $9K · Total expenses $488K
2%
Fundraising
Fundraising $0 · Total expenses $488K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $10K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $2K · Total revenue $465K
0.4%
Government reliance
Government grants — · Total revenue $465K
—
Earned-income share
Program service revenue $463K · Total revenue $465K
100%
Investment reliance
Investment income $2 · Total revenue $465K
<0.01%
Program self-sufficiency
Program service revenue $463K · Total expenses $488K
95%
Growth & trend
Revenue growth (YoY)
This year $465K · Prior year $1.9M
-76%
Net-asset trend (YoY)
End of year $0 · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $465K · Expenses $488K
-5%
Liabilities-to-Assets
Total liabilities — · Total assets $0
—
Net-asset ratio
Net assets $0 · Total assets $0
—
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $0
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Patrick Curtis · Reported title President of the Board · Highest reported compensation $0 · Total expenses $488K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $345K · Total expenses $488K
71%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 98%——
Overhead ratio 2%——
Fundraising cost ratio 0%——
Revenue growth -76%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2022$1.9M revenue · ⤓ 990 PDF
FY2021$1.6M revenue · ⤓ 990 PDF
FY2020$1.8M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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