2024-05-08T10:22:41-04:00 2023-12-31 381964450 WILLIS & JURASEK PC CPAS 4100 SPRING ARBOR ROAD JACKSON MI 492019306 990 2023-01-01 810880143 ALBION REINVESTMENT CORPORATION ALBI 9897995700 1100 S WASHINGTON AVENUE SUITE 3 SAGINAW MI 48601 SAMUEL SHAHEEN PRESIDENT 9897995700 2024-05-01 true SAMUEL SHAHEEN 999009999 true S BRIAN JURASEK CPA P00057441 5177888660 2024-05-01 2023 2023-04-26 12:10:37Z SAMUEL SHAHEEN 1100 S WASHINGTON SUITE 3 SAGINAW MI 49601 327498 false X WWW.ALBIONREINVESTS.ORG X 2015 MI TO COMBAT COMMUNITY DETERIORATION IN THE DOWNTOWN BUSINESS DISTRICT OF THE CITY OF ALBION, MICHIGAN AND SURROUNDING AREAS BY USING ALL EFFECTIVE MEANS. 5 5 0 8 0 14271 136969 49242 57585 6 10320 0 63519 204874 0 0 0 0 0 339160 214507 339160 214507 -275641 -9633 1506482 1453172 1317335 1273525 189147 179647 X TO COMBAT COMMUNITY DETERIORATION IN THE DOWNTOWN BUSINESS DISTRICT OF THE CITY OF ALBION, MICHIGAN AND SURROUNDING AREAS BY USING ALL EFFECTIVE MEANS. false false 20700 57585 TO PURCHASE, SELL, IMPROVE, SUBDIVIDE, CONDOMINIUMIZE, DEMOLISH, LEASE, BORROW, PLEDGE, MORTGAGE, MANAGE AND CONTROL ANY REAL OR PERSONAL PROPERTY WHICH MAY BE NECESSARY TO FULFILL THE FOREGOING CHARITABLE PURPOSES OR WHICH MAY BE TRANSFERRED TO THE CORPORATION BY GIFT, GRANT, DEVISE, BEQUEST, OR OTHERWISE FOR THE GENERAL PURPOSES OF THE CORPORATION. 35721 ALBION BIG PLAN - THE GOAL IS TO BUILD AN ECONOMY OF THE FUTURE THROUGH THE REVILTALIZATION OF THE DOWNTOWN COMMUNITY. THE PLAN WILL REDEVELOP NINE PROPERTIES TO CREATE 20 RESIDENTIAL UNITS AND MORE THAN 10,000 SQUARE FEET OF COMMERCIAL SPACE. THIS PROJECT WILL TRANSFORM DOWNTOWN ENCOURAGING THE INVESTMENT OF NEW RESIDENTS AND SMALL BUSINESSES. 145954 TO PURCHASE, SELL, IMPROVE, SUBDIVIDE, CONDOMINIUMIZE, DEMOLISH, LEASE, BORROW, PLEDGE, MORTGAGE, MANAGE AND CONTROL ANY REAL OR PERSONAL PROPERTY WHICH MAY BE NECESSARY TO FULFILL THE FOREGOING CHARITABLE PURPOSES OR WHICH MAY BE TRANSFERRED TO THE CORPORATION BY GIFT, GRANT, DEVISE, BEQUEST, OR OTHERWISE FOR THE GENERAL PURPOSES OF THE CORPORATION. 145954 202375 true true false false false false false false false false true false false false true false false false false false false false false false false false false false false false false false false true false true true true false false false false false false false false false false 2 0 false 0 false false false false false false false false false false false false false false X 5 5 false false false false false false false true true false false true true true true false false false false false MI X SAMUEL SHAHEEN 9897995700 1100 S WASHINGTON SUITE 3 SAGINAW MI 49601 X PASTOR ALBERT AMOS DIRECTOR 1.00 X 0 0 0 MAE OLA DUNKLIN DIRECTOR 1.00 X 0 0 0 JEFFREY A OTT SECRETARY - 1.00 X X 0 0 0 JEFFREY PETHERICK TREASURER-DI 1.00 X X 0 0 0 SAMUEL SHAHEEN PRESIDENT 2.00 X X 0 0 0 false false false 136969 136969 217 S. SUPERIOR STREET 22110 22110 309 S. SUPERIOR STREET 13200 13200 300-304 S. SUPERIOR STREET 10125 10125 101 S. SUPERIOR STREET 4552 4552 113 S. SUPERIOR STREET 4271 4271 3327 3327 57585 23 23 132921 122624 10297 10297 10297 204874 67882 23 X 37501 37501 56121 56121 1102 1102 45199 45199 20281 9251 11030 42426 42426 REPAIRS 8381 8381 REPAIRS 1826 1826 REPAIRS 1000 1000 BANK FEES 370 370 300 300 214507 202375 12132 0 4889 26063 6479 9242 86777 7097 128 1504738 189448 1477175 1315290 10842 15672 1506482 1453172 400 917630 1192630 398505 80495 800 400 1317335 1273525 X 189147 179647 189147 179647 1506482 1453172 -9633 133 X true X false false X 36120 94500 25000 14271 136969 306860 42381 26751 42685 49242 57585 218644 78501 121251 67685 63513 194554 525504 35000 35000 35000 35000 490504 1685 507 6 23 2221 1685 507 6 23 2221 80186 121758 67685 63519 194577 527725 0.92950 0.49510 0.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 182177 182177 1272561 139448 1133113 50000 50000 1315290 SECURITY DEPOSITS 400 400 DR SAMUEL SHAHEEN DIRECTOR X 350000 350000 false false true DR SAMUEL SHAHEEN DIRECTOR X 175000 175000 false false true SUPERIOR STREET MERCANTILE DIRECTOR OWNED X 155706 155706 false false true DR SAMUEL SHAHEEN FAMILY FOUNDATION DIRECTOR OWNED X 100000 100000 false false true DR SAMUEL SHAHEEN DIRECTOR X 60000 60000 false false true DR SAMUEL SHAHEEN FAMILY FOUNDATION DIRECTOR OWNED X 50000 50000 false false true DR SAMUEL SHAHEEN DIRECTOR X 50000 50000 false false true DR SAMUEL SHAHEEN DIRECTOR X 50000 50000 false false true DR SAMUEL SHAHEEN DIRECTOR X 39313 39313 false false true DR SAMUEL SHAHEEN DIRECTOR X 35002 35002 false false true DR SAMUEL SHAHEEN DIRECTOR X 25000 25000 false false true DR SAMUEL SHAHEEN DIRECTOR X 25000 25000 false false true DR SAMUEL SHAHEEN DIRECTOR X 25000 25000 false false true DR SAMUEL SHAHEEN DIRECTOR X 25000 25000 false false true DR SAMUEL SHAHEEN DIRECTOR X 14882 14882 false false true DR SAMUEL SHAHEEN DIRECTOR X 7727 7727 false false true DR SAMUEL SHAHEEN DIRECTOR X 5000 5000 false false true 1192630 INDIVIDUAL FORMER MEMBER 100000 LOAN REPAYMENT false CASTER CONCEPTS INC FORMER MEMBER 50000 LOAN REPAYMENT false SCHEDULE L, PART II DR. SAMUEL SHAHEEN TO 25,000 25,000 ( ) IN DEFAULT ( ) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT DR. SAMUEL SHAHEEN TO 25,000 25,000 ( ) IN DEFAULT ( ) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT DR. SAMUEL SHAHEEN TO 25,000 25,000 ( ) IN DEFAULT ( ) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT DR. SAMUEL SHAHEEN TO 25,000 25,000 ( ) IN DEFAULT ( ) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT DR. SAMUEL SHAHEEN TO 14,882 14,882 ( ) IN DEFAULT ( ) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT DR. SAMUEL SHAHEEN TO 7,727 7,727 ( ) IN DEFAULT ( ) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT DR. SAMUEL SHAHEEN TO 5,000 5,000 ( ) IN DEFAULT ( ) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT FORM 990, PAGE 2, PART III, LINE 4D TO PURCHASE, SELL, IMPROVE, SUBDIVIDE, CONDOMINIUMIZE, DEMOLISH, LEASE, BORROW, PLEDGE, MORTGAGE, MANAGE AND CONTROL ANY REAL OR PERSONAL PROPERTY WHICH MAY BE NECESSARY TO FULFILL THE FOREGOING CHARITABLE PURPOSES OR WHICH MAY BE TRANSFERRED TO THE CORPORATION BY GIFT, GRANT, DEVISE, BEQUEST, OR OTHERWISE FOR THE GENERAL PURPOSES OF THE CORPORATION. FORM 990, PAGE 6, PART VI, LINE 11B NO REVIEW WAS OR WILL BE CONDUCTED. FORM 990, PAGE 6, PART VI, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT THEY COMPLY WITH THE CONFLICT OF INTEREST POLICY. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING 35,721 0 0 PROFESSIONAL FEES 20,400 0 0 TOTAL 56,121 0 0