2024-10-23T12:10:33-05:00 2023-12-31 382492570 DOEREN MAYHEW 56 CESAR E CHAVEZ AVE SW STE 100 GRAND RAPIDS MI 49503 990 2023-01-01 851916187 DWELLING PLACE REGIONAL COMMUNITY LAND T DWEL 6168550411 101 SHELDON BLVD SE STE 2 GRAND RAPIDS MI 495034262 JEREMY DEROO PRESIDENT 6168550411 2024-10-04 1 0 JUSTIN HAWKES P01807304 6162355200 2024-10-04 2023 2024-10-15 13:58:12Z JEREMY DEROO 101 SHELDON BLVD SE STE 2 GRAND RAPIDS MI 495034262 66916 0 X WWW.DPGR.ORG X 2020 MI TO PROVIDE OPPORTUNITIES FOR LOW-INCOME PEOPLE TO SECURE HOUSING THAT IS DECENT AND AFFORDABLE AND THAT IS CONTROLLED BY THEM ON A LONG-TERM BASIS. 6 5 0 5 0 0 469031 55806 17410 10906 0 0 100 204 486541 66916 30544 0 0 0 0 0 0 0 0 378429 241557 408973 241557 77568 -174641 811728 3461259 465486 3289658 346242 171601 TO PROVIDE OPPORTUNITIES FOR LOW-INCOME PEOPLE TO SECURE HOUSING THAT IS DECENT AND AFFORDABLE AND THAT IS CONTROLLED BY THEM ON A LONG-TERM BASIS. 0 0 227879 11110 AS A COMMUNITY LAND TRUST, DP CLT PROVIDES VOLUNTARY ASSISTANCE FOR LOW-INCOME WORKING FAMILIES BY PROVIDING EQUITY FUNDING TO PERMANENTLY REDUCE THE COST OF HOMES FOR INCOME-QUALIFIED HOME BUYERS. LOW-INCOME HOUSEHOLDS WILL PURCHASE AND OWN AFFORDABLY PRICED HOMES AND ENTER AN 89 YEAR GROUND LEASE AGREEMENT GRANTING THEM AN EXCLUSIVE, DURABLE, ENFORCEABLE RIGHT TO THE LOT ON WHICH THEIR HOME SITS; THE LEASE WILL BE ASSIGNABLE TO QUALIFIED HEIRS AND RENEWABLE FOR A SECOND 89 YEAR TERM. 227879 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 0 0 X 6 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MI X VINCE LAMBERT 6168550411 101 SHELDON BLVD SE STE 2 GRAND RAPIDS MI 49503 JEREMY DEROO CHIEF EXECUTIVE OFFICER 0.10 40.00 X X 0 210352 32206 RICH KOGELSCHATZ TRUSTEE 0.10 1.00 X 0 0 0 LEE NELSON WEBER CHAIRPERSON 0.10 1.00 X X 0 0 0 DORETHA ARDOIN TRUSTEE 0.10 1.00 X 0 0 0 GIL SEGOVIA TREASURER 0.10 1.00 X X 0 0 0 KIM SIMS TRUSTEE 0.10 1.00 X 0 0 0 STEVE RECKER FORMER CFO 0.10 40.00 X 0 81918 5335 KIM CROSS FORMER COO 0.10 40.00 X 0 148927 4487 DAVID DE VELDER FORMER DIRECTOR OF COMMUNITY LAND 40.00 1.00 X 73729 0 17268 ALONDA TRAMMELL-MILLER CHIEF SERVICES OFFICER 0.10 40.00 X 0 143336 19933 VINCE LAMBERT CHIEF FINANCIAL OFFICERS 0.10 40.00 X 0 68308 6181 JACOB HORNER CHIEF REAL ESTATE DEVELOPMENT OFFICER (BEG OCT) 0.10 40.00 X 0 26747 4376 FELISHA RODRIGUEZ CHIEF OPERATING OFFICER 0.10 40.00 X 0 139961 16251 73729 819549 106037 0 0 1 0 0 55806 50250 55806 DEVELOPER FEE 531390 8000 8000 GROUND LEASE FEE 531390 2906 2906 10906 MISCELLANEOUS REVENUE 900099 204 204 204 66916 11110 0 0 X 132262 132262 3389 765 2624 2000 2000 30938 27513 3425 3986 349 3637 8545 8277 268 1489 1489 3768 2240 1528 673 673 AFFORDABILITY GAP SUBSI 50250 50250 SALES DISCOUNT 3941 3941 MISCELLANEOUS 316 120 196 241557 227879 13678 0 139973 137283 67279 13313 484266 2826397 0 604476 2826397 811728 3461259 438 1927 1507 3305 463541 3284426 465486 3289658 X 141774 36575 204468 135026 346242 171601 811728 3461259 -174641 0 X X 0 1 X 1 0 X 132755 577330 403231 5556 1118872 132755 577330 403231 5556 1118872 1118872 8204 17410 10906 36520 1155392 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 259680 259680 2566717 2566717 2826397 X PART X, LINE 2: TAX POSITIONS TAKEN ARE ASSESSED FOR UNCERTAINTY AND A PROVISION MAY BE RECORDED IF A TAX POSITION IS NOT LIKELY TO BE SUSTAINED UPON EXAMINATION. 0 0 0 0 0 0 0 0 0 JEREMY DEROO CHIEF EXECUTIVE OFFICER 0 210352 0 0 0 0 0 10828 0 21378 0 242558 0 0 ALONDA TRAMMELL-MILLER CHIEF SERVICES OFFICER 0 143336 0 0 0 0 0 4422 0 15511 0 163269 0 0 FELISHA RODRIGUEZ CHIEF OPERATING OFFICER 0 139961 0 0 0 0 0 6119 0 10132 0 156212 0 0 KIM CROSS FORMER COO 0 148927 0 0 0 0 0 2580 0 1907 0 153414 0 0 PART I, LINE 3 SALARIES ARE DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS OF DWELLING PLACE OF GRAND RAPIDS NPHC, A RELATED ENTITY. DWELLING PLACE PERIODICALLY PERFORMS A SALARY STUDY BASED ON COMPARABLE DATA FROM OUTSIDE SOURCES SPECIFIC TO NON-PROFITS AND/OR REAL ESATE/HOUSING MANAGEMENT INDUSTRY. THE DATA FROM THESE STUDIES AS WELL AS PERFORMANCE REVIEWS PROVIDE A BASIS FOR THE EXECUTIVE COMMITTEE'S SALARY DECISIONS. DP REGIONAL COMMUNITY LAND TRUST BOARD OF DIRECTORS INCLUDING JEREMY DEROO DP COMMUNITY LAND TRUST'S BOARD IS A SUBSET OF DWELLING PLACE'S BOARD DWELLING PLACE REGIONAL COMMUNITY LAND TRUST'S BOARD IS COMPRISED OF A SUBSET OF MEMBERS OF THE BOARD OF DWELLING PLACE OF GRAND RAPIDS, OF WHICH THE DWELLING PLACE REGIONAL COMMUNITY LAND TRUST IS A WHOLLY OWNED SUBSIDIARY. 0 X 2 50250 FMV: COST 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B DRAFT FORM 990 IS AVAILABLE FOR REVIEW BY THE BOARD OF DIRECTORS BEFORE FILING. AFTER A SET TIME PERIOD, IF NO COMMENTS FROM THE BOARD, MANAGEMENT WILL APPROVE THE 990 TO BE FILED. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS COMPLETE A FORM ANNUALLY. IF A CONFLICT EXISTS, THE MEMBER ABSTAINS FROM ANY RELATED VOTES. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST, THE ORGANIZATION WILL MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 27,513. MANAGEMENT AND GENERAL EXPENSES 3,425. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 30,938. FORM 990, PART XI, LINE 2C: OVERSIGHT OF THE AUDIT FINANCE COMMITTEE APPROVES THE AUDITED FINANCIAL STATEMENTS. DWELLING PLACE OF GRAND RAPIDS NONPROFIT HOUSING CORPORATION 101 SHELDON BLVD SE GRAND RAPIDS MI 495034262 382313832 PROVIDING SUPPORT SERVICES AND REVITALIZING NEIGHBORHOODS MI 501(C)(3) LINE 7 DWELLING PLACE OF GRAND RAPIDS NONPROFIT HOUSING CORPORATION 0 HEARTSIDE NONPROFIT HOUSING CORPORATION 101 SHELDON BLVD SE GRAND RAPIDS MI 495034262 382600226 DEVELOP AND OPERATE RESIDENTAL FOR LOWER INCOME INDIVIDUALS MI 501(C)(3) LINE 7 DWELLING PLACE OF GRAND RAPIDS NONPROFIT HOUSING CORPORATION 0 ELMDALE APARTMENTS NONPROFIT HOUSING CORPORATION 101 SHELDON BLVD SE GRAND RAPIDS MI 495034262 200363774 TO PROVIDE AFFORDABLE HOUSING FOR LOW TO MIDDLE INCOME INDIVIDUALS MI 501(C)(3) LINE 10 DWELLING PLACE OF GRAND RAPIDS NONPROFIT HOUSING CORPORATION 0 DWELLING PLACE FOUNDATION 101 SHELDON BLVD SE STE 2 GRAND RAPIDS MI 495034262 202584283 COLLECT ENDOWMENT CONTRIBUTIONS TO SUPPORT DWELLING PLACE OF GRAND RAPIDS MI 501(C)(3) LINE 7 DWELLING PLACE OF GRAND RAPIDS NONPROFIT HOUSING CORPORATION 0 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