Innovative Concepts EIN 38-3004941 Form 990 (PDF) Claim this org

Innovative Concepts

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Offers housing and services for elderly and disabled individuals. For fiscal year 2025 it reported $97K in revenue, $108K in expenses, and $247K in net assets.Pt I

Type
Public charity (501(c)(3)) · Unclassified
Location
Fort Gratiot, MI
Filings
6 on file (2020–2025)
Revenue
$97KFY2025
Expenses
$108K
Net assets
$247K
People
6
Filings
6
Updates
0
More identity details & actions ⌄
EIN  38-3004941 Public charity (501(c)(3)) Fort Gratiot, MI
Form 990 (PDF)
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Size
<$100K
What they do
Offers housing and services for elderly and disabled individuals.
Leadership
Pamela Wildfong · Director
Money in and out
$97K revenue, $108K expenses
Bottom line
65% program efficiency
Where the money goes · FY2025
Total revenue
$97K
Pt VIII · Ln 12
Total expenses
$108K
Pt IX · Ln 25
Net assets
$247K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$11K
Where spending went · Part IX cols B–D
Program services $0.65 Management & general $0.35
Program efficiency
65%
of spending reaches programs▼ -18% vs prior filing year
Operating runway
17.1mo
months of highly liquid reserves at operating expense rate▲ +66% vs prior filing year
Surplus margin
-12%
revenue over expenses, this year▼ -77% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$97K
FY2025▼ -42%
Expenses
$108K
FY2025▼ -40%
Total assets
$383K
FY2025▼ -3%
Total liabilities
$136K
FY2025▲ +1.0%
Total revenue
$97K
Pt VIII · Ln 12
Total expenses
$108K
Pt IX · Ln 25
Net assets
$247K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$11K
Total assetsPt X · Ln 16$383K
Program-expense ratioPt IX · col B65%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CInnovative Concepts
EINHdr · item D38-3004941
Principal addressHdr · item CFort Gratiot, 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 BMFUnclassified (Z99Z)
Ruling yearIRS BMFJun 1992

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
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
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $70K of program spending, described in the organization's own filed words · FY2025.
01

To provide elderly persons and handicapped persons with housing facilities and services specifically designed to meet their physical, social and psychological needs.

$70Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$66K · 69%
Program service revenue$29K · 30%
Other revenue$1K · 1%
Contributions & grants69%$66K
Program service revenue30%$29K
Other revenue1%$1K
Investment income$28
— government grantsLn 1e$66K
Total revenueLn 12$97K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.65 Management & general $0.35
Program services65%$70K
Management & general35%$38K
Total functional expensesLn 25$108K

Balance Sheet

Part X · end of year
CashLn 1$154K
Total assetsLn 16$383K
Total liabilitiesLn 26$136K
Total net assetsLn 32$247K
Months of cash on handcomputed17.1

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $154K · Operating expenses/yr $108K
17.1 months
Where the money goes
Program services
Program services $70K · Total expenses $108K
65%
Management & General
Management & general $38K · Total expenses $108K
35%
Fundraising
Fundraising $0 · Total expenses $108K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $66K · Total revenue $97K
69%
Government reliance
Government grants $66K · Total revenue $97K
69%
Earned-income share
Program service revenue $29K · Total revenue $97K
30%
Investment reliance
Investment income $28 · Total revenue $97K
+0.03%
Program self-sufficiency
Program service revenue $29K · Total expenses $108K
27%
Growth & trend
Revenue growth (YoY)
This year $97K · Prior year $168K
-42%
Revenue CAGR
FY2020 $137K · FY2025 $97K
-7%
Net-asset trend (YoY)
End of year $247K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $97K · Expenses $108K
-12%
Liabilities-to-Assets
Total liabilities — · Total assets $383K
Net-asset ratio
Net assets $247K · Total assets $383K
64%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $383K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Pamela Wildfong · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $108K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $108K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 65%
Overhead ratio 35%
Fundraising cost ratio 0%
Revenue growth -42%
Accounting fee ratio 14%

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
FY2025 (Latest)$97K revenue · viewing · ⤓ 990 PDF
FY2024$168K revenue · ⤓ 990 PDF
FY2023$125K revenue · ⤓ 990 PDF
FY2022$109K revenue · ⤓ 990 PDF
FY2021$162K revenue · ⤓ 990 PDF
FY2020$137K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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