Sturgis Neighborhood Program EIN 38-2987859 Form 990 (PDF) Claim this org

Sturgis Neighborhood Program

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Provides affordable housing and homeownership opportunities to improve living conditions. For fiscal year 2024 it reported $175K in revenue, $106K in expenses, and $144K in net assets.Pt I

Type
Public charity (501(c)(3)) · Housing
Location
Sturgis, MI
Filings
4 on file (2021–2024)
Revenue
$175KFY2024
Expenses
$106K
Net assets
$144K
People
7
Filings
4
Updates
0
More identity details & actions ⌄
EIN  38-2987859 Public charity (501(c)(3)) Sturgis, MI
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides affordable housing and homeownership opportunities to improve living conditions.
Leadership
Tracey Parker · President
Money in and out
$175K revenue, $106K expenses
Bottom line
72% program efficiency
Where the money goes · FY2024
Total revenue
$175K
Pt VIII · Ln 12
Total expenses
$106K
Pt IX · Ln 25
Net assets
$144K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $70K
Where spending went · Part IX cols B–D
Program services $0.72 Management & general $0.21 Fundraising $0.07
Program efficiency
72%
of spending reaches programs+0.4% vs prior filing year
Operating runway
9.0mo
months of highly liquid reserves at operating expense rate▲ +22% vs prior filing year
Surplus margin
+40%
revenue over expenses, this year▲ ×237 vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$175K
FY2024▲ +52%
Expenses
$106K
FY2024▼ -8%
Total assets
$193K
FY2024▼ -47%
Total liabilities
$49K
FY2024▼ -83%
Total revenue
$175K
Pt VIII · Ln 12
Total expenses
$106K
Pt IX · Ln 25
Net assets
$144K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$70K
Total assetsPt X · Ln 16$193K
Program-expense ratioPt IX · col B72%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

2 program services account for $76K of program spending, described in the organization's 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

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSturgis Neighborhood Program
EINHdr · item D38-2987859
Principal addressHdr · item CSturgis, MI
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L20Z)
Ruling yearIRS BMFJan 1992

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 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

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 68th percentile of top reported officer pay among 849 $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.

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Statement of Revenue

Part VIII
Contributions & grants$112K · 64%
Other revenue$62K · 36%
Contributions & grants64%$112K
Other revenue36%$62K
Investment income$634
— government grantsLn 1e$60K
Total revenueLn 12$175K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.72 Management & general $0.21 Fundraising $0.07
Program services72%$76K
Management & general21%$22K
Fundraising7%$7K
Total functional expensesLn 25$106K

Balance Sheet

Part X · end of year
CashLn 1$79K
Total assetsLn 16$193K
Total liabilitiesLn 26$49K
Total net assetsLn 32$144K
Months of cash on handcomputed9.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $79K · Operating expenses/yr $106K
9.0 months
Where the money goes
Program services
Program services $76K · Total expenses $106K
72%
Management & General
Management & general $22K · Total expenses $106K
21%
Fundraising
Fundraising $7K · Total expenses $106K
7%
Cost to raise $1
Fundraising expense (3-yr avg) $5K · Solicited contributions (3-yr avg) $40K
$0.13 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $112K · Total revenue $175K
64%
Government reliance
Government grants $60K · Total revenue $175K
34%
Earned-income share
Program service revenue $0 · Total revenue $175K
0%
Investment reliance
Investment income $634 · Total revenue $175K
+0.4%
Program self-sufficiency
Program service revenue $0 · Total expenses $106K
0%
Growth & trend
Revenue growth (YoY)
This year $175K · Prior year $115K
+52%
Net-asset trend (YoY)
End of year $144K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $175K · Expenses $106K
+40%
Liabilities-to-Assets
Total liabilities — · Total assets $193K
Net-asset ratio
Net assets $144K · Total assets $193K
75%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $193K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Tracey Parker · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $106K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $64K · Total expenses $106K
60%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 72%
Overhead ratio 21%
Fundraising cost ratio 6%
Revenue growth 52%
Legal fee ratio 20%
Accounting fee ratio 4%

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.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$7K
Grants paid · 1 grant · $6K · 2021–2021

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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
FY2024 (Latest)$175K revenue · viewing · ⤓ 990 PDF
FY2023$115K revenue · ⤓ 990 PDF
FY2022$123K revenue · ⤓ 990 PDF
FY2021$189K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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