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Nhf Sub Lake FY2023 filing

Not tax-deductible

Alpena, MIMutual-benefit / member-servingSince 1991EIN 38-3009348Revenue $131K in FY2023

On file with the IRS550 Desota Dr, 49707-1504 · Alpena, MITax-exempt since Jul 1993

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Real property rental to governmental agencies.

Mission: Form 990 Part I, line 1

Before you give

FY2023 · 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
5 mo
of spending, in cash
Looks good: 4.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$698K
55% of total assets
Fine: liabilities are 55% 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
$131K
-57% vs prior year
Spent
$104K
To programs
0%
Net assets
$582K
By yearFY2020–FY2025
Revenue
$131K
FY2023▼ -57%
Tap a bar for its year
Revenue by fiscal year
FY2020$328K
FY2021$328K
FY2022$302K
FY2023$131K
FY2024$161K
FY2025$161K
Expenses
$104K
FY2023▼ -19%
Tap a bar for its year
Expenses by fiscal year
FY2020$186K
FY2021$166K
FY2022$128K
FY2023$104K
FY2024$90K
FY2025$84K
Net assets
$582K
FY2023▼ -65%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.3M
FY2021$1.5M
FY2022$1.7M
FY2023$582K
FY2024$652K
FY2025$734K

From the FY2023 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 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
Liz Braddock
Secretary
$0Pt VII · Sec A
Steve Hall
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.

Questions for Nhf Sub Lake

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Provided by the organization

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1 program · $104K · in their own filed words · FY2023
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.

$104Kprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$131K
Ln 12
Fees for servicesLn 2g$107K
Gifts and grantsLn 1h$24K
Investment incomeLn 3$3
Money outPt IX
$104K
Ln 25
Owns and owesPt X
$582K
net assets · Ln 32
Cash and savingsLn 1–2$41K
Total assetsLn 16$1.3M
LiabilitiesLn 26$698K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$24K
Fees for servicesLn 2g$107K
Investment incomeLn 3$3
Total revenueLn 12$131K
Assets in detailPt X, end of year
CashLn 1$41K
Cash and savings togetherLn 1–2$41K
Land, buildings, equipmentLn 10c$1.2M
Total assetsLn 16$1.3M
LiabilitiesLn 26$698K
Net assetsLn 32$582K
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 FY23End FY23
Cash and savingsLn 1–2$96K$41K
Land, buildings, equipmentLn 10c$2.4M$1.2M
Total assetsLn 16$2.5M$1.3M
LiabilitiesLn 26$869K$698K
Net assetsLn 32$1.7M$582K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$12K
Accounting feesLn 11c$250
InterestLn 20$20K
Depreciation, depletion and amortizationLn 22$67K
Other expenses (24a–d)Ln 24$5K
Total functional expensesLn 25$104K$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 Viewing $131K$104K$27K$582K 990 PDF
FY2022 $302K$128K$174K$1.7M 990 PDF
FY2021 $328K$166K$162K$1.5M 990 PDF
FY2020 $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 FY2023 990 (6 parts)
Part I · Summary $130,763 revenue, 12 lines filed
I-8 Contributions and grants$24,250
I-9 Program service revenuePrior year $301,920$106,510
I-10 Investment incomePrior year $3$3
I-11 Other revenue$0
I-12 Total revenuePrior year $301,923$130,763
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $127,845$103,997
I-18 Total expensesPrior year $127,845$103,997
I-19 Revenue less expensesPrior year $174,078$26,766
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $130,763 across 5 lines filed
VIII-1d Related organizations$24,250
VIII-1h Total contributions, gifts and grants$24,250
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $106,510$106,510
VIII-3 Investment incomeRelated to mission $3$3
VIII-12 Total revenueRelated to mission $106,513$130,763
Part IX · Statement of functional expenses $103,997 across 5 lines filed
IX-11b Legal fees$11,648
IX-11c Accounting fees$250
IX-20 Interest$20,337
IX-22 Depreciation, depletion and amortization$66,825
IX-24 Other expenses (24a–d)$4,937
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$103,997
Part X · Balance sheet $1,279,446 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $96,081$40,547
X-10c Land, buildings and equipment, netStart of year $2,389,226$1,202,395
X-14 Intangible assetsStart of year $44,243$36,504
X-16 Total assetsStart of year $2,529,550$1,279,446
X-25 Other liabilities$5,168
X-26 Total liabilitiesStart of year $869,080$697,812
X-32 Total net assets or fund balancesStart of year $1,660,470$581,634
X-33 Total liabilities and net assetsStart of year $2,529,550$1,279,446
Part XI · Reconciliation of net assets $581,634 net assets at year end
XI-1 Total revenue$130,763
XI-2 Total expenses$103,997
XI-3 Revenue less expenses$26,766
XI-4 Net assets at start of year$1,660,470
XI-9 Other changes in net assets−$1,105,602
XI-10 Net assets at end of year$581,634

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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