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Nhf Sub Lake FY2024 filing

Not tax-deductible

Alpena, MIMutual-benefit / member-servingSince 1991EIN 38-3009348Revenue $161K in FY2024

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

FY2024 · 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
6 mo
of spending, in cash
Looks good: 5.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$572K
47% of total assets
Looks good: liabilities are 47% of assets; 50% or less.
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
$161K
+23% vs prior year
Spent
$90K
To programs
0%
Net assets
$652K
By yearFY2020–FY2025
Revenue
$161K
FY2024▲ +23%
Tap a bar for its year
Revenue by fiscal year
FY2020$328K
FY2021$328K
FY2022$302K
FY2023$131K
FY2024$161K
FY2025$161K
Expenses
$90K
FY2024▼ -14%
Tap a bar for its year
Expenses by fiscal year
FY2020$186K
FY2021$166K
FY2022$128K
FY2023$104K
FY2024$90K
FY2025$84K
Net assets
$652K
FY2024▲ +12%
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 FY2024 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2024 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 · $90K · in their own filed words · FY2024
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.

$90Kprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$161K
Ln 12
Fees for servicesLn 2g$161K
Investment incomeLn 3$1
Money outPt IX
$90K
Ln 25
Owns and owesPt X
$652K
net assets · Ln 32
Cash and savingsLn 1–2$43K
Total assetsLn 16$1.2M
LiabilitiesLn 26$572K
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$161K
Investment incomeLn 3$1
Total revenueLn 12$161K
Assets in detailPt X, end of year
CashLn 1$43K
Cash and savings togetherLn 1–2$43K
Land, buildings, equipmentLn 10c$1.2M
Total assetsLn 16$1.2M
LiabilitiesLn 26$572K
Net assetsLn 32$652K
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 FY24End FY24
Cash and savingsLn 1–2$41K$43K
Land, buildings, equipmentLn 10c$1.2M$1.2M
Total assetsLn 16$1.3M$1.2M
LiabilitiesLn 26$698K$572K
Net assetsLn 32$582K$652K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$3K
Accounting feesLn 11c$1K
InterestLn 20$15K
Payments to affiliatesLn 21$7K
Depreciation, depletion and amortizationLn 22$58K
InsuranceLn 23$2K
Other expenses (24a–d)Ln 24$4K
Total functional expensesLn 25$90K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $161K$84K$77K$734K 990 PDF
FY2024 Viewing $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 $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 FY2024 990 (6 parts)
Part I · Summary $160,921 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $24,250$0
I-9 Program service revenuePrior year $106,510$160,920
I-10 Investment incomePrior year $3$1
I-11 Other revenue$0
I-12 Total revenuePrior year $130,763$160,921
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 $103,997$89,793
I-18 Total expensesPrior year $103,997$89,793
I-19 Revenue less expensesPrior year $26,766$71,128
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 $160,921 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $160,920$160,920
VIII-3 Investment incomeRelated to mission $1$1
VIII-12 Total revenueRelated to mission $160,921$160,921
Part IX · Statement of functional expenses $89,793 across 7 lines filed
IX-11b Legal fees$2,980
IX-11c Accounting fees$1,100
IX-20 Interest$14,770
IX-21 Payments to affiliates$7,094
IX-22 Depreciation, depletion and amortization$58,310
IX-23 Insurance$1,598
IX-24 Other expenses (24a–d)$3,941
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$89,793
Part X · Balance sheet $1,223,702 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $40,547$43,112
X-10c Land, buildings and equipment, netStart of year $1,202,395$1,151,825
X-14 Intangible assetsStart of year $36,504$28,765
X-16 Total assetsStart of year $1,279,446$1,223,702
X-25 Other liabilitiesStart of year $5,168$5,844
X-26 Total liabilitiesStart of year $697,812$571,616
X-32 Total net assets or fund balancesStart of year $581,634$652,086
X-33 Total liabilities and net assetsStart of year $1,279,446$1,223,702
Part XI · Reconciliation of net assets $652,086 net assets at year end
XI-1 Total revenue$160,921
XI-2 Total expenses$89,793
XI-3 Revenue less expenses$71,128
XI-4 Net assets at start of year$581,634
XI-9 Other changes in net assets−$676
XI-10 Net assets at end of year$652,086

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

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