NORTHERN HOMES COMMUNITY DEVELOPMENT CORPORATION

EIN: 383395829 501(c)(3) Human Services

BOYNE CITY, MI

Total Revenue
$1,647,392
Total Expenses
$1,619,675
Total Assets
$5,333,546
Net Assets
$2,280,277
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
MI
Principal Officer
JANE MACKENZIE
Phone
2315826244
Tax Period
2023-01-01 to 2023-12-31

NORTHERN HOMES COMMUNITY DEVELOPMENT CORPORATION, founded in 1998, is a community nonprofit in the Human Services sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 54% from the prior year, signaling strong growth momentum.

Mission

TO CREATE AND PRESERVE QUALITY AFFORDABLE HOUSING OPTIONS FOR NORTHERN MICHIGAN RESIDENTS THROUGH EDUCATION, DEVELOPMENT, AND PARTNERING WITH LOCAL COMMUNITIES.

Program Service Accomplishments

Program 1
Expenses: $880,414 Revenue: $1,103,205

THE ORGANIZATION PROVIDES THE DEVELOPMENT OF MULTI AND SINGLE FAMILY AFFORDABLE HOUSING OPPORTUNITIES.

Program 2
Expenses: $496,844 Revenue: $222,704

THE ORGANIZATION MANAGES MULTI AND SINGLE FAMILY AFFORDABLE HOUSING PROJECTS.

Program 3
Expenses: $66,137

THE ORGANIZATION PROVIDES HOMEBUYER EDUCATION AND FINANCIAL COUNSELING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $319,656
Program Service Revenue $1,355,072
Investment Income $-27,941
Other Revenue $605
TOTAL REVENUE $1,647,392

Expense Breakdown

Grants Paid $0
Salaries & Benefits $521,278
Fundraising Expenses $0
Program Expenses $1,443,395
Other Expenses $1,098,397
TOTAL EXPENSES $1,619,675

Year-over-Year Comparison

2023 2022 Change
Revenue $1,647,392 $1,069,277 +0.5%
Expenses $1,619,675 $930,755 +0.7%
Net Income $27,717 $138,522 -0.8%
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

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
8
Employees
6
Volunteers
12

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
5
$108,649
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUE CLEARY DIRECTOR 2.00
Director
$0 $0 $0
TOM JOHNSON DIRECTOR 2.00
Director
$0 $0 $0
SEAN BARON DIRECTOR 2.00
Director
$0 $0 $0
DENNY KEISER DIRECTOR 2.00
Director
$0 $0 $0
SHANNON FENDER SECRETARY 2.00
Officer Director
$0 $0 $0
BILL LORNE TREASURER 2.00
Officer Director
$0 $0 $0
MEL MATCHETT VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
DAVID WHITE PRESIDENT 2.50
Officer Director
$0 $0 $0
JANE MACKENZIE EXECUTIVE DIRECTOR 40.00
Officer
$83,625 $25,024 $108,649
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 No data No data No data No data
2023 $1,647,392 $1,619,675 $5,333,546 $27,717
2022 $1,069,277 $930,755 $5,128,943 $138,522
2021 $1,524,344 $651,089 $4,359,546 $873,255
2020 $905,904 $633,739 $3,044,401 $272,165
2019 $940,858 $602,073 $3,109,113 $338,785
2018 $550,701 $507,765 $2,365,042 $42,936
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