Nhf Sub Lake FY2020 filing

Not tax-deductible

Alpena, MIMutual-benefit / member-servingSince 1991EIN 38-3009348

Real property rental to governmental agencies.

Mission: Form 990 Part I, line 1

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $109K a year · 46% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Fine: 2.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.4M
51% of total assets
Fine: liabilities are 51% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$328K
Spent
$186K
To programs
0%
Net assets
$1.3M
By yearFY2020–FY2025
Revenue
$328K
FY2020
Revenue by fiscal year
FY2020$328K
FY2021$328K
FY2022$302K
FY2023$131K
FY2024$161K
FY2025$161K
Expenses
$186K
FY2020
Expenses by fiscal year
FY2020$186K
FY2021$166K
FY2022$128K
FY2023$104K
FY2024$90K
FY2025$84K
Net assets
$1.3M
FY2020
Net assets by fiscal year
FY2020$1.3M
FY2021$1.5M
FY2022$1.7M
FY2023$582K
FY2024$652K
FY2025$734K

From the FY2020 Form 990 · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1993.

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

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Nhf Sub Lake 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 15aNo

Programs and updates

Provides rental property to government agencies.

Provided by the organization

This section is blank until Nhf Sub Lake claims this page.

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1 program service account for $186K of program spending, described in the organization's own filed words · FY2020.
01

NHF sub lake holds title to real property, which is rented to the district health department, and remits the net income to northern health foundation, the section 501(c) 3 parent organization.

$186Kprogram expense

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Funders

Who pays for it.

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

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$328K
Ln 12
Fees for servicesLn 2g$328K
Investment incomeLn 3$1
Money outPt IX
$186K
Ln 25
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$45K
Total assetsLn 16$2.7M
LiabilitiesLn 26$1.4M
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$328K
Investment incomeLn 3$1
Total revenueLn 12$328K
Assets in detailPt X, end of year
CashLn 1$45K
Cash and savings togetherLn 1–2$45K
Land, buildings, equipmentLn 10c$2.6M
Total assetsLn 16$2.7M
LiabilitiesLn 26$1.4M
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 62
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$46K$45K
Land, buildings, equipmentLn 10c$2.7M$2.6M
Total assetsLn 16$2.8M$2.7M
LiabilitiesLn 26$1.6M$1.4M
Net assetsLn 32$1.2M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$5K
Accounting feesLn 11c$3K
InterestLn 20$46K
Depreciation, depletion and amortizationLn 22$125K
InsuranceLn 23$2K
Other expenses (24a–d)Ln 24$4K
Total functional expensesLn 25$186K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $161K$84K$77K$734K 990 PDF
FY2024 $161K$90K$71K$652K 990 PDF
FY2023 $131K$104K$27K$582K 990 PDF
FY2022 $302K$128K$174K$1.7M 990 PDF
FY2021 $328K$166K$162K$1.5M 990 PDF
FY2020 Viewing $328K$186K$142K$1.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $327,721 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $327,720$327,720
VIII-3 Investment incomeRelated to mission $1$1
VIII-12 Total revenueRelated to mission $327,721$327,721
Part IX · Statement of functional expenses $185,749 across 6 lines filed
IX-11b Legal fees$5,457
IX-11c Accounting fees$3,445
IX-20 Interest$46,027
IX-22 Depreciation, depletion and amortization$125,215
IX-23 Insurance$1,926
IX-24 Other expenses (24a–d)$3,679
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$185,749
Part X · Balance sheet $2,697,450 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $46,183$44,987
X-10c Land, buildings and equipment, netStart of year $2,706,341$2,590,773
X-14 Intangible assetsStart of year $71,337$61,690
X-16 Total assetsStart of year $2,823,861$2,697,450
X-19 Deferred revenueStart of year $27,310$27,310
X-26 Total liabilitiesStart of year $1,645,226$1,372,826
X-32 Total net assets or fund balancesStart of year $1,178,635$1,324,624
X-33 Total liabilities and net assetsStart of year $2,823,861$2,697,450
Part XI · Reconciliation of net assets $1,324,624 net assets at year end
XI-1 Total revenue$327,721
XI-2 Total expenses$185,749
XI-3 Revenue less expenses$141,972
XI-4 Net assets at start of year$1,178,635
XI-9 Other changes in net assets$4,017
XI-10 Net assets at end of year$1,324,624

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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