2025-04-14T15:07:38-05:00 2024-05-31 331498605 PLANTE & MORAN PLLC 2601 CAMBRIDGE CT STE 300 AUBURN HILLS MI 48326 990 2023-06-01 381903026 ICCF COMMUNITY HOMES ICCF 6163369333 415 MARTIN LUTHER KING JR ST SE 10 GRAND RAPIDS MI 49507 MOLLY P PETERSEN VP OF FINANCE 6163369333 2025-04-11 1 1 ALYSSA M KENT P01701477 2483757100 2025-04-11 2023 2025-03-06 01:10:19Z MOLLY P PETERSEN 415 MARTIN LUTHER KING JR ST SE 100 GRAND RAPIDS MI 49507 8470314 0 X WWW.ICCF.ORG X 1974 MI TO PROVIDE SAFE, CLEAN, AFFORDABLE AND HIGH QUALITY HOUSING TO PERSONS OF LOW AND MODERATE INCOME TO ENCOURAGE FAMILY RESPONSIBILITY AND INDEPENDENCE. 14 14 0 1029 0 0 3771619 3186858 4417835 4302148 1394396 626005 -25956 249913 9557894 8364924 0 0 0 0 3349974 3289397 0 0 792045 5939622 7258260 9289596 10547657 268298 -2182733 65764497 63000552 35773474 34040986 29991023 28959566 X EQUITABLE OPPORTUNITY. AFFORDABLE HOMES. THRIVING NEIGHBORHOODS. 0 0 7051427 0 4302148 ICCF BUILDS AND RENOVATES RENTAL HOUSING WITH AN EMPHASIS ON RESIDENTIAL MANAGEMENT AND RESIDENT DIGNITY. OVER 600 RENTAL UNITS ARE PROVIDED AT BELOW MARKET RATES. IN ADDITION, PROGRAMS ARE AVAILABLE TO EVERY RENTAL RESIDENT TO TEACH THEM SKILLS TOWARD BECOMING HOMEOWNERS THEMSELVES. FAMILIES ASSUME POSITIONS OF RESPONSIBILITY IN THE OPERATION OF THEIR RENTAL COMMUNITIES THROUGH THE TENANT CENTERED MANAGEMENT PROGRAM, AND A SOCIAL WORK TEAM PROVIDES DIRECT SERVICES AND REFERRALS. 610139 ICCF'S HOUSING COUNSELING PROGRAM IS CERTIFIED BY HUD AND THE MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY (MSHDA) AND ADHERES TO THE NATIONAL INDUSTRY STANDARDS FOR HOUSING COUNSELORS. IN FY2024 170 HOUSEHOLDS ENGAGED WITH OUR RESIDENT PROGRAMS. 438 INDIVIDUALS COMPLETED A HOMEBUYER EDUCATION SERIES. ALL CLIENTS ARE SERVED REGARDLESS OF INCOME, RACE, COLOR, RELIGION/CREED, SEX, NATIONAL ORIGIN, AGE, FAMILY STATUS, DISABILITY, OR SEXUAL ORIENTATION/GENDER IDENTITY. PROGRAMS ARE ADMINISTERED IN CONFORMITY WITH LOCAL, STATE, AND FEDERAL ANTI-DISCRIMINATION LAWS, INCLUDING THE FEDERAL FAIR HOUSING ACT (42 USC 3600, ET SEQ.)ICCF OFFERS TWO CLASS SERIES: INTRODUCTION TO HOMEOWNERSHIP AND FINANCIAL CAPABILITIES. TOGETHER THESE SERVE TO EQUIP PROSPECTIVE HOMEBUYERS OR OTHERS WHO ARE WORKING TO ACHIEVE FINANCIAL GOALS OR AFFORDABLE HOUSING. CLASSES ARE TAUGHT BY EXPERTS ON ICCF STAFF AND OFFERED IN ENGLISH AND SPANISH. IN ADDITION, DEDICATED HOUSING COUNSELING AND AN INDIVIDUAL DEVELOPMENT ACCOUNT (IDA) DOWN PAYMENT MATCHING PROGRAM ARE AVAILABLE FOR QUALIFIED CLIENTS. THROUGH THESE PROGRAMS, PARTICIPANTS HAVE THE OPPORTUNITY TO IMPROVE THEIR FAMILY AND HOUSING SITUATIONS, AND INCREASE THEIR OPPORTUNITIES IN LIFE. 264611 EMERGENCY SHELTER FOR HOMELESS FAMILIES - FAMILY HAVEN: IN FY2024 21 FAMILIES (32 ADULTS AND 80 CHILDREN) RECEIVED EMERGENCY HOUSING AND SERVICES DESIGNED TO TAKE THEM FROM HOMELESSNESS TO STABLE HOUSING AT ICCF'S EMERGENCY FAMILY SHELTER CALLED FAMILY HAVEN. 21 OF THE 21 FAMILIES HOUSED DURING FY2024 EXITED FAMILY HAVEN TO PERMANENT HOUSING. UP TO TWELVE MONTHS OF FOLLOW UP SERVICES HELP FAMILIES SECURE COMMUNITY RESOURCES, EMPLOYMENT, EDUCATION, CHILD CARE, ETC. ALL REFERRALS TO FAMILY HAVEN ARE RECEIVED FROM THE HOUSING ASSESSMENT PROGRAM AT THE SALVATION ARMY. 7926177 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 115 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 MI X MOLLY P PETERSEN 6163369333 415 MARTIN LUTHER KING JR ST SE STE GRAND RAPIDS MI 49507 CAMERON YOUNG DIRECTOR - CHAIR 2.00 2.00 X X 0 0 0 EUNICE LOPEZ-MARTIN DIRECTOR - VICE CHAIR 2.00 2.00 X X 0 0 0 BRIANNE PITCHFORD DIRECTOR - SECRETARY 2.00 2.00 X X 0 0 0 TOM PRINCE DIRECTOR - TREASURER 2.00 2.00 X X 0 0 0 JAMECIA ADAMS DIRECTOR 1.00 0.00 X 0 0 0 DAVID CONTANT DIRECTOR 1.00 0.00 X 0 0 0 ARLEN-DEAN GADDY DIRECTOR - PART YEAR 1.00 0.00 X 0 0 0 MARY DEYOUNG DIRECTOR 1.00 0.00 X 0 0 0 MARJORIE DOOD DIRECTOR 1.00 0.00 X 0 0 0 LEE HARDY DIRECTOR 1.00 0.00 X 0 0 0 WILLIAM JACKSON DIRECTOR 1.00 0.00 X 0 0 0 RHODA KREUZER DIRECTOR 1.00 0.00 X 0 0 0 LEXI WOODS DIRECTOR 1.00 0.00 X 0 0 0 RYAN VERWYS CEO 40.00 8.00 X 0 140442 18057 MOLLY PETERSEN VICE PRESIDENT OF FINANCE 40.00 8.00 X 0 29407 0 DERRICK SMITH VICE PRESIDENT OF FINANCE-PART YEAR 40.00 8.00 X 0 77464 7634 0 247313 25691 0 0 1 0 WINDMILL PLUMBING 3526 ROGER B CHAFFEE MEMORIAL BLVD WYOMING MI 49548 PLUMBING SERVICES 245423 URBAN RENOVATIONS 1524 HOUSEMAN AVE NE GRAND RAPIDS MI 49505 CONSTRUCTION SERVICES 235754 PLANTE & MORAN 3000 TOWN CENTER SUITE 100 SOUTHFIELD MI 48075 ACCOUNTING SERVICES 161475 VERWY'S HOME IMPROVEMENT 3266 BRIGGS BLVD NE GRAND RAPIDS MI 49525 CONSTRUCTION SERVICES 152318 A-LIST SERVICES 13886 OBERLEY DR SE LOWELL MI 49331 CONSTRUCTION SERVICES 120130 6 477007 35415 869105 1805331 5957 3186858 RENT INCOME 531110 3611766 3611766 MICHIGAN NON-PROFIT HO 900099 551655 551655 INTERCOMPANY REIMBURSE 900099 138727 138727 4302148 576336 576336 49669 0 49669 49669 49669 12400 477007 105390 -92990 -92990 INSURANCE DAMAGES 900099 342903 342903 342903 8364924 4302148 0 875918 2586005 1487274 746453 352278 381136 296552 48651 35933 59385 36762 13864 8759 262871 141312 95231 26328 716675 219869 413053 83753 123513 2880 120633 60149 37658 10885 11606 83713 50074 8394 25245 285574 264115 17659 3800 68760 67717 468 575 803598 799880 3718 1519811 1395374 83558 40879 219857 204025 13135 2697 REPAIRS & MAINTENANCE 1853750 1588456 256832 8462 PROPERTY TAXES 489080 489080 RENT EXPENSES 179200 136763 32691 9746 BAD DEBT EXPENSE 134172 134172 720408 574214 84843 61351 10547657 7926177 1829435 792045 3556800 1013746 9039838 10015047 13261796 13322466 264602 0 124833 202756 38669494 10218663 26831653 28450831 2810823 1320657 9874152 8675049 65764497 63000552 1080775 1695088 31288195 29794233 3404504 2551665 35773474 34040986 X 27397496 26366039 2593527 2593527 29991023 28959566 65764497 63000552 -2182733 1151276 0 X X 0 1 X 1 0 X 4726432 9527419 7064818 3771619 3186858 28277146 4726432 9527419 7064818 3771619 3186858 28277146 28277146 252206 317169 427224 459186 576336 2032121 54790 13292 788722 51270 355303 1263377 31572644 23650750 0.89560 0.89680 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2019 AMOUNT: $ 54,790. 2020 AMOUNT: $ 13,292. 2021 AMOUNT: $ 788,722. 2022 AMOUNT: $ 51,270. 2023 AMOUNT: $ 355,303. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 100000 22862 -22862 100000 100000 11970 11970 100000 100000 7401 -7401 100000 100000 19816 19816 100000 100000 8654 -8654 100000 0.00000 1.00000 0.00000 0 0 1250504 1250504 33619846 9314116 24305730 3200057 532617 2667440 584866 357709 227157 14221 14221 0 28450831 INVESTMENT IN HOUSING PROPERTIES 6547667 ROU ASSETS - OPERATING LEASE ASSETS 2127382 8675049 LEASE LIABILITIES - OPERATING 1967984 SECURITY DEPOSIT 376825 DEVELOPER FEES 197106 ACCRUED EXPENSES 9750 2551665 PART V, LINE 4: THE ENDOWMENT FUNDS ARE INTENDED TO GENERATE INCOME TO SUPPORT THE FACILITIES AND PROGRAMS OF THE ORGANIZATION. HOUSES TO HOMES GALA 489407 477007 12400 0 0 28536 44359 1700 30795 489407 477007 12400 28536 44359 1700 30795 105390 -92990 0 0 0 0 0 0 0 0 0 RYAN VERWYS CEO 0 135317 0 0 0 5125 0 0 0 18057 0 158499 0 0 X 5007 FMV X 6 950 FMV 0 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE VP OF FINANCE AND THE CONTROLLER REVIEW A COPY OF THE FORM 990 FOR ACCURACY PRIOR TO FILING. A COPY OF THE FORM 990 IS ALSO PROVIDED TO THE AUDIT & INVESTMENT COMMITTEE FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C PRIOR TO APPROVAL BY THE BOARD, ALL NEW DIRECTORS MUST REVIEW THE CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL CONFLICTS TO THE EXECUTIVE COMMITTEE AND THE BOARD PRESIDENT. ANY DIRECTOR WITH A CONFLICT IS REQUIRED TO ABSTAIN FROM VOTING ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 ON AN ANNUAL BASIS, THE CEO'S COMPENSATION IS ESTABLISHED BY THE ICCF NONPROFIT HOUSING CORPORATION, A RELATED PARTY, BOARD OF DIRECTORS USING INDEPENDENT COMPARABILITY DATA. COMPENSATION FOR OTHER OFFICERS IS SET BY THE CEO USING A SIMILAR EVALUATION (ALSO DONE ON A YEARLY BASIS). THE MOST RECENT YEAR THIS PROCESS TOOK PLACE WAS FISCAL YEAR 2024. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION WILL MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AND THE SELECTION OF THE INDEPENDENT AUDITORS. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 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