Core Community Partners FY2020 filing

Tax-deductible

Bingham Farms, MI501(c)(3)HousingEIN 83-4273534

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Core Community Partners has provided loans and consulting to multiple organizations that are working on the development or re-development of affordable housing.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists 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 $1.3M a year · 81% 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
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
643 mo
of spending, in cash
Looks good: 643.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6.0M
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.4M
97% of total assets
Concern: liabilities are 97% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 4 voting members
Looks good: 3 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$62K
Spent
$16K
To programs
100%
Net assets
$46K
By yearFY2020–FY2025
Revenue
$62K
FY2020
Revenue by fiscal year
FY2020$62K
FY2021$3.2M
FY2022$421K
FY2023$2.1M
FY2024$1.0M
FY2025$3.2M
Expenses
$16K
FY2020
Expenses by fiscal year
FY2020$16K
FY2021$132K
FY2022$274K
FY2023$444K
FY2024$555K
FY2025$511K
Net assets
$46K
FY2020
Net assets by fiscal year
FY2020$46K
FY2021$3.1M
FY2022$3.3M
FY2023$4.9M
FY2024$5.4M
FY2025$8.1M

From the FY2020 Form 990 (year ending March 2020) · figures checked against the IRS filing · 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 Feb 2020.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $16K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Chief Financial Officer
$0Pt VII · Sec A
See Core Community Partners 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 15aYes

Programs and updates

Provides loans and consulting to organizations developing affordable housing.

Provided by the organization

This section is blank until Core Community Partners claims this page.

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1 program service account for $16K of program spending, described in the organization's own filed words · FY2019.
01

The mission of core community partners is to provide timely and cost-effective lending, investing, consulting and other financial services to support the development and re-development of affordable housing stock and related community economic development in order to increase the quality of life in low-income communities.

$16Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2020
Mht Housing INCFY2020$6.0M
Total grants receivedfrom 1 funder$6.0M
Grants paid · 5 grants · $157K · 2020–2024

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$62K
Ln 12
Fees for servicesLn 2g$50K
Investment incomeLn 3$12K
Money outPt IX
$16K
Ln 25
Programscol B$16K
Owns and owesPt X
$46K
net assets · Ln 32
Cash and savingsLn 1–2$883K
Total assetsLn 16$1.5M
LiabilitiesLn 26$1.4M
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$50K
Investment incomeLn 3$12K
Total revenueLn 12$62K
Assets in detailPt X, end of year
CashLn 1$883K
Cash and savings togetherLn 1–2$883K
Other assetsLn 15$12K
Total assetsLn 16$1.5M
LiabilitiesLn 26$1.4M
Net assetsLn 32$46K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$883K
Total assetsLn 16$0$1.5M
LiabilitiesLn 26$0$1.4M
Net assetsLn 32$0$46K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$13K$13K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$486$486
TravelLn 17$2K$2K
Total functional expensesLn 25$16K$16K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $3.2M$511K$2.7M$8.1M 990 PDF
FY2024 $1.0M$555K$491K$5.4M 990 PDF
FY2023 $2.1M$444K$1.6M$4.9M 990 PDF
FY2022 $421K$274K$146K$3.3M 990 PDF
FY2021 $3.2M$132K$3.1M$3.1M 990 PDF
FY2020 Viewing $62K$16K$46K$46K 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 $62,184 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $50,000$50,000
VIII-3 Investment incomeExcluded from tax $12,184$12,184
VIII-12 Total revenueRelated to mission $50,000 · Unrelated business $0 · Excluded from tax $12,184$62,184
Part IX · Statement of functional expenses $16,470 across 4 lines filed
IX-11b Legal feesPrograms $13,151$13,151
IX-12 Advertising and promotionPrograms $1,205$1,205
IX-13 Office expensesPrograms $486$486
IX-17 TravelPrograms $1,628$1,628
IX-25 Total functional expensesPrograms $16,470 · Management $0 · Fundraising $0$16,470
Part X · Balance sheet $1,473,714 assets, 7 lines filed
Asset lines not itemized here account for $541,554; see the IRS return.
X-1 Cash, non-interest-bearing$882,686
X-4 Accounts receivable$37,290
X-15 Other assetsStart of year $0$12,184
X-16 Total assetsStart of year $0$1,473,714
X-26 Total liabilitiesStart of year $0$1,428,000
X-32 Total net assets or fund balancesStart of year $0$45,714
X-33 Total liabilities and net assetsStart of year $0$1,473,714
Part XI · Reconciliation of net assets $45,714 net assets at year end
XI-1 Total revenue$62,184
XI-2 Total expenses$16,470
XI-3 Revenue less expenses$45,714
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$45,714

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

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