BGC-II NONPROFIT HOUSING CORPORATION C/O ALTMAN MANAGEMENT COMPANY

EIN: 383080448 501(c)(3) Housing & Shelter

OKEMOS, MI

Total Revenue
$2,705,996
Total Expenses
$2,400,584
Total Assets
$16,672,613
Net Assets
$8,635,770
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
MI
Principal Officer
RICHARD KERBAWY
Phone
5178536655
Tax Period
2024-01-01 to 2024-12-31

BGC-II NONPROFIT HOUSING CORPORATION C/O ALTMAN MANAGEMENT COMPANY, founded in 1992, is a community nonprofit in the Housing & Shelter sector that reported $2.7M in total revenue in fiscal year 2024. Expenses of $2.4M left a modest 11% surplus.

Mission

TO PROVIDE AND PRESERVE HOUSING FACILITIES FOR PERSONS AND FAMILIES OF LOW INCOME IN MICHIGAN AND TO PROVIDE FOR THEIR SOCIAL AND VARIOUS OTHER NEEDS.

Program Service Accomplishments

Program 1
Expenses: $1,554,382 Revenue: $2,662,034

BGC-II PROVIDES 214 RENTAL UNITS TO PERSONS OF LOW TO MODERATE INCOME. THE ORGANIZATION ALSO PROVIDES SOCIAL AND RECREATIONAL FACILITIES TO SERVE THE RESIDENTIAL AREA.

Program 2
Expenses: $91,667

INCOME FROM THIS PROJECT AND MSHDA FUNDS BENEFIT ACTIVITIES OF THE BOYS AND GIRLS CLUB OF LANSING AND MIDLAND AREA HOMES TO THE EXTENT THAT THOSE ACTIVITIES ARE CONSISTENT WITH THE EXEMPT PURPOSE OF...

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INCOME FROM THIS PROJECT AND MSHDA FUNDS BENEFIT ACTIVITIES OF THE BOYS AND GIRLS CLUB OF LANSING AND MIDLAND AREA HOMES TO THE EXTENT THAT THOSE ACTIVITIES ARE CONSISTENT WITH THE EXEMPT PURPOSE OF BGC-II GREENHILL.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,662,034
Investment Income $43,962
Other Revenue $0
TOTAL REVENUE $2,705,996

Expense Breakdown

Grants Paid $91,667
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,646,049
Other Expenses $2,308,917
TOTAL EXPENSES $2,400,584

Year-over-Year Comparison

2024 2023 Change
Revenue $2,705,996 $2,551,393 +0.1%
Expenses $2,400,584 $2,334,746 +0.0%
Net Income $305,412 $216,647 +0.4%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
4

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
2
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KURT HANUS BOARD MEMBER 0.50
Director
$0 $0 $0
DR JOHN A SAUCHAK BOARD MEMBER 0.50
Director
$0 $0 $0
LAURIE SCHWARTZ TREASURER 1.00
Officer Director
$0 $0 $0
RICHARD KERBAWY PRESIDENT 1.00
Officer Director
$0 $0 $0
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
2024 $2,705,996 $2,400,584 $16,672,613 $305,412
2023 $2,551,393 $2,334,746 $16,538,029 $216,647
2022 $2,468,286 $2,199,082 $16,613,324 $269,204
2021 $2,042,887 $2,348,147 $16,528,161 $-305,260
2020 $4,198,404 $1,770,515 $17,024,805 $2,427,889
2019 $3,369,966 $1,702,374 $14,515,457 $1,667,592
2018 $7,086,247 $4,060,636 $13,170,768 $3,025,611
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