To improve living conditions in Sturgis by providing quality, affordable housing and home ownership opportunities.

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
Run by 9 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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 4
filings with a surplus
Average surplus $34K a year · 23% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
9 mo
of spending, in cash
Looks good: 9.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $7K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$49K
25% of total assets
Looks good: liabilities are 25% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$175K
+52% vs prior year
Spent
$106K
To programs
72%
Net assets
$144K
By yearFY2021–FY2024
Revenue
$175K
FY2024▲ +52%
Tap a bar for its year
Revenue by fiscal year
FY2021$189K
FY2022$123K
FY2023$115K
FY2024$175K
Expenses
$106K
FY2024▼ -8%
Tap a bar for its year
Expenses by fiscal year
FY2021$117K
FY2022$127K
FY2023$115K
FY2024$106K
Net assets
$144K
FY2024▲ +94%
Tap a bar for its year
Net assets by fiscal year
FY2021$78K
FY2022$74K
FY2023$74K
FY2024$144K

From the FY2024 Form 990 (year ending September 2024) · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1992.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $76K Management & general 21% · $22K Fundraising 7% · $7K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice-Preside
$0Pt VII · Sec A
Secretary/Tr
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Monica Smith’s $76K as Executive Di is at the 67th percentile of top reported officer pay among 852 $100K–1M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2023FY2022FY2021
Monica Smith$76,440$71,883$71,556

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 Sturgis Neighborhood Program 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 and homeownership opportunities to improve living conditions.

Questions for Sturgis Neighborhood Program

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Your first name shows with your question. Sturgis Neighborhood Program answers here, for everyone.

Provided by the organization

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2 programs · $76K · in their own filed words · FY2023
01

Currently building new construction homes and renovating properties to sell to qualifying families. Also, improving neighborhood conditions through community service projects.

$74Kprogram expense
02

Support local high school's cte construction trades. This group provides labor on the homes being built by the organization.

$2Kprogram 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 1 funder$7K
Grants paid · 1 grant · $6K · 2021–2021

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$175K
Ln 12
Gifts and grantsLn 1h$112K
Other incomeLn 4–11$62K
Investment incomeLn 3$634
Money outPt IX
$106K
Ln 25
Programscol B$76K
Managementcol C$22K
Fundraisingcol D$7K
Owns and owesPt X
$144K
net assets · Ln 32
Cash and savingsLn 1–2$79K
Total assetsLn 16$193K
LiabilitiesLn 26$49K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$112K
Government grantsLn 1e$60K
Investment incomeLn 3$634
Other incomeLn 4–11$62K
Total revenueLn 12$175K
Assets in detailPt X, end of year
CashLn 1$6K
SavingsLn 2$73K
Cash and savings togetherLn 1–2$79K
Land, buildings, equipmentLn 10c$2K
Total assetsLn 16$193K
LiabilitiesLn 26$49K
Net assetsLn 32$144K
OperationsPt I, VI
EmployeesI 52
VolunteersI 69
Fiscal year endsHeaderSeptember
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 FY24End FY24
Cash and savingsLn 1–2$71K$79K
Land, buildings, equipmentLn 10c$386$2K
Total assetsLn 16$363K$193K
LiabilitiesLn 26$289K$49K
Net assetsLn 32$74K$144K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$56K$42K$8K$6K
Pay of disqualified personsLn 6$4K$3K$642$428
Payroll taxesLn 10$4K$3K$576$384
Legal feesLn 11b$21K$21K
Accounting feesLn 11c$4K$4K
Advertising and promotionLn 12$1K$1K$259
Office expensesLn 13$3K$306$2K$115
TravelLn 17$401$321$40$40
InterestLn 20$1K$1K
Depreciation, depletion and amortizationLn 22$496$496
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$8K$7K$899$377
All other expensesLn 24e$1K$837$334$45
Total functional expensesLn 25$106K$76K$22K$7K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $175K$106K$70K$144K 990 PDF
FY2023 $115K$115K$194$74K 990 PDF
FY2022 $123K$127K−$4K$74K 990 PDF
FY2021 $189K$117K$71K$78K 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 FY2024 990 (6 parts)
Part I · Summary $175,386 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $85,457$112,433
I-9 Program service revenuePrior year $8,396$0
I-10 Investment incomePrior year $30,594$634
I-11 Other revenuePrior year −$9,191$62,319
I-12 Total revenuePrior year $115,256$175,386
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $71,133$63,751
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $43,929$41,759
I-18 Total expensesPrior year $115,062$105,510
I-19 Revenue less expensesPrior year $194$69,876
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $175,386 across 5 lines filed
Lines not itemized here account for $62,319 of total revenue; see the IRS return.
VIII-1e Government grants$60,400
VIII-1f All other contributions, gifts and grants$52,033
VIII-1h Total contributions, gifts and grants$112,433
VIII-3 Investment incomeRelated to mission $634$634
VIII-12 Total revenueRelated to mission $62,953$175,386
Part IX · Statement of functional expenses $105,510 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $41,723 · Management $8,345 · Fundraising $5,563$55,631
IX-6 Pay of disqualified personsPrograms $3,209 · Management $642 · Fundraising $428$4,279
IX-10 Payroll taxesPrograms $2,881 · Management $576 · Fundraising $384$3,841
IX-11b Legal feesPrograms $20,662$20,662
IX-11c Accounting feesManagement $4,125$4,125
IX-12 Advertising and promotionManagement $1,174 · Fundraising $259$1,433
IX-13 Office expensesPrograms $306 · Management $2,223 · Fundraising $115$2,644
IX-17 TravelPrograms $321 · Management $40 · Fundraising $40$401
IX-20 InterestManagement $1,259$1,259
IX-22 Depreciation, depletion and amortizationManagement $496$496
IX-23 InsuranceManagement $1,700$1,700
IX-24 Other expenses (24a–d)Programs $6,547 · Management $899 · Fundraising $377$7,823
IX-24e All other expensesPrograms $837 · Management $334 · Fundraising $45$1,216
IX-25 Total functional expensesPrograms $76,486 · Management $21,813 · Fundraising $7,211$105,510
Part X · Balance sheet $192,983 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $1,064$6,188
X-2 Savings and temporary cash investmentsStart of year $70,049$73,087
X-8 Inventories for sale or useStart of year $290,768$111,433
X-10c Land, buildings and equipment, netStart of year $386$2,275
X-16 Total assetsStart of year $363,256$192,983
X-17 Accounts payable and accrued expensesStart of year $34,025$18,615
X-24 Unsecured notes and loans payableStart of year $20,000$30,261
X-26 Total liabilitiesStart of year $289,025$48,876
X-27 Net assets without donor restrictionsStart of year $74,231$144,107
X-32 Total net assets or fund balancesStart of year $74,231$144,107
X-33 Total liabilities and net assetsStart of year $363,256$192,983
Part XI · Reconciliation of net assets $144,107 net assets at year end
XI-1 Total revenue$175,386
XI-2 Total expenses$105,510
XI-3 Revenue less expenses$69,876
XI-4 Net assets at start of year$74,231
XI-6 Donated services and use of facilities$6,000
XI-9 Other changes in net assets−$6,000
XI-10 Net assets at end of year$144,107

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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