GREAT LAKES URBAN RESTORATION NETWORK

EIN: 364641022 501(c)(3) Community Improvement

ZEELAND, MI

Total Revenue
$210,167
Total Expenses
$219,727
Total Assets
$18,945
Net Assets
$12,395
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
MI
Principal Officer
DAVE VELTKAMP
Tax Period
2018-01-01 to 2018-12-31

GREAT LAKES URBAN RESTORATION NETWORK, founded in 2009, is a small nonprofit in the Community Improvement sector that reported $210K in total revenue in fiscal year 2018.

Mission

GREAT LAKES URBAN IS AN URBAN-FOCUSED CHRISTIAN COMMUNITY DEVELOPMENT ORGANIZATION IN THE GREAT LAKES REGION. THIS CORPORATION IS ORGANIZED TO ASSIST ECONOMICALLY DISADVANTAGED COMMUNITIES WITH EMPHASIS ON MICHIGAN AND THE GREAT LAKES REGION AND BEYOND. IT EXISTS TO ENCOURAGE AND DEVELOP INDIGENOUS LEADERS, AND TO STRENGTHEN NEIGHBORHOODS THROUGH THE PRACTICE(S) OF ASSET BASED COMMUNITY DEVELOPMENT.(ABCD); TO PARTNER WITH URBAN MINISTRIES IN LOCAL AREAS AND DEVELOP RELATIONSHIPS WITHIN THE COMMUNITY; TO PROVIDE HUMAN AND FINANCIAL RESOURCES TO HELP BUILD LONG-TERM SUSTAINABLE AND EFFECTIVE HOUSING; TO PROVIDE LOW-INCOME FAMILIES WITH AFFORDABLE AND QUALITY HOMES; TO PURCHASE, FIX AND RE-SELL AT BELOW MARKET COST HOMES FOR LOW-INCOME FAMILIES; FOR THE IMPROVEMENT OF THE COMMUNITY AND THE RELIEF OF POVERTY AND DISTRESS THROUGH THE PROVIDING OF AFFORDABLE HOUSING FOR LOW-INCOME INDIVIDUALS AND FAMILIES; AND CARRYING ON ANY BUSINESS IN CONNECTION THEREWITH AND INCIDENTAL THERETO, AND DOING

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $128,723
Program Service Revenue $31,557
Investment Income $0
Other Revenue $49,887
TOTAL REVENUE $210,167

Expense Breakdown

Grants Paid $0
Salaries & Benefits $132,892
Fundraising Expenses $19,959
Program Expenses $154,839
Other Expenses $86,835
TOTAL EXPENSES $219,727

Year-over-Year Comparison

2018 2017 Change
Revenue $210,167 $206,696 +0.0%
Expenses $219,727 $202,972 +0.1%
Net Income $-9,560 $3,724 -3.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
4
Employees
2
Volunteers
90

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$46,073
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEN GENZINK CHAIRPERSON( 6.00
Officer Director
$0 $0 $0
TIM VANDE BUNTE SECRETARY 0.50
Officer Director
$0 $0 $0
DAVE VELTKAMP TREASURER 0.50
Officer Director
$0 $0 $0
SARAH RYNSEMA- SYBENGA BOARD MEMBER 0.50
Director
$0 $0 $0
DEB MC CREARY CHAIRPERSON 0.50
Officer Director
$0 $0 $0
RACHAEL HOEKSTRA EX DIR (CURR 40.00
Officer
$22,500 $4,073 $26,573
JAY VAN GRONINGEN EX DIR (FORM 40.00
Officer
$19,500 $0 $19,500
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2018 $210,167 $219,727 $18,945 $-9,560
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