2025-11-11T11:10:50-06:00 2024-12-31 382157642 MANER COSTERISAN PC 2425 E GRAND RIVER SUITE 1 LANSING MI 489123291 990 2024-01-01 383395829 NORTHERN HOMES COMMUNITY DEVELOPMENT CORPORATION NORT 2315826244 PO BOX 86 1048 E MAIN STREET BOYNE CITY MI 49712 JANE MACKENZIE EXECUTIVE DIRECTOR 2315826244 2025-11-10 1 1 AMBER RATHBUN CPA P01786612 5173237500 2025-11-10 2024 2025-03-06 01:10:19Z NORTHERN HOMES CDC JANE MACKENZIE PO BOX 86 1048 E MAIN STREET BOYNE CITY MI 49712 1038594 0 X WWW.NORTHERNHOMES.ORG X 1998 MI TO CREATE AND PRESERVE QUALITY AFFORDABLE HOUSING OPTIONS FOR NORTHERN MICHIGAN RESIDENTS. 8 8 4 12 0 0 319656 276530 1355072 688877 -27941 -5491 605 3130 1647392 963046 0 0 0 0 521278 389028 0 0 0 1098397 482036 1619675 871064 27717 91982 5333546 5485121 3053269 3112862 2280277 2372259 X TO CREATE AND PRESERVE QUALITY AFFORDABLE HOUSING OPTIONS FOR NORTHERN MICHIGAN RESIDENTS THROUGH EDUCATION, DEVELOPMENT, AND PARTNERING WITH LOCAL COMMUNITIES. 0 0 382400 209832 THE ORGANIZATION MANAGES MULTI AND SINGLE FAMILY AFFORDABLE HOUSING PROJECTS. NORTHERN HOMES CONTINUES TO MANAGE 172 APARTMENTS, AND A COMMUNITY LAND TRUST PROGRAM IN NORTHERN MICHIGAN. 231626 417745 SINGLE-FAMILY HOUSING: IN 2024, NORTHERN HOMES COMPLETED THE REHABILITATION AND SALE OF ONE AFFORDABLE HOME IN GAYLORD. THE ORGANIZATION ALSO PURCHASED A HOME IN ALBA FOR REHABILITATION AND ACQUIRED A VACANT LOT IN HARBOR SPRINGS WHERE A NEW AFFORDABLE HOME WILL BE CONSTRUCTED. MULTI-FAMILY HOUSING: NORTHERN HOMES BEGAN REHABILITATION OF 48 BRIDGE STREET, A DUPLEX IN PETOSKEY, AND INITIATED CONSTRUCTION OF THE LOFTS AT LUMBER SQUARE, A 60-UNIT AFFORDABLE HOUSING COMMUNITY IN DOWNTOWN PETOSKEY. IN ADDITION, THE ORGANIZATION SECURED GRANT FUNDING FOR PINEBRIDGE PLACE, A NEW 6-UNIT APARTMENT DEVELOPMENT IN CHARLEVOIX. THESE EFFORTS ADVANCE THE ORGANIZATION'S MISSION TO CREATE AND PRESERVE AFFORDABLE HOUSING OPPORTUNITIES ACROSS NORTHERN MICHIGAN THROUGH BOTH NEW CONSTRUCTION AND REHABILITATION OF EXISTING HOUSING STOCK. 41285 64430 THE ORGANIZATION PROVIDES HOMEBUYER EDUCATION AND FINANCIAL COUNSELLING. NORTHERN HOMES PROVIDED EDUCATION AND COUNSELING SERVICES TO OVER 60 HOUSEHOLDS. 655311 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 12 0 1 4 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 MI X JANE MACKENZIE 2315826496 PO BOX 86 1048 E MAIN STREET BOYNE CITY MI 49712 SUE CLEARY DIRECTOR 2.00 X 0 0 0 TOM JOHNSON DIRECTOR 2.00 1.00 X 0 0 0 SEAN BARON DIRECTOR 2.00 X 0 0 0 DENNIS KEISER DIRECTOR 2.00 X 0 0 0 SHANNON FENDER SECRETARY 2.00 1.00 X X 0 0 0 BILL LORNE TREASURER 2.00 X X 0 0 0 MEL MATCHETT VICE PRESIDENT 2.00 1.00 X X 0 0 0 DAVID WHITE PRESIDENT 2.50 1.00 X X 0 0 0 JANE MACKENZIE EXECUTIVE DIRECTOR 40.00 2.00 X 86171 0 27000 86171 0 27000 0 0 0 0 0 276530 276530 RENTAL REVENUE 531110 394516 394516 SITE MANAGEMENT FEES 561700 209832 209832 CONSTRUCTION INCOME/OTHER 230000 79099 79099 GROUND LEASE INCOME 900099 5430 5430 688877 2821 2821 67236 75548 -8312 -8312 -8312 OTHER INCOME 900099 3130 3130 3130 963046 692007 0 -5491 113171 86326 26845 207845 190900 16945 13897 3695 10202 18507 4921 13586 35608 9469 26139 34278 21420 12858 6487 4054 2433 44793 27991 16802 53032 33139 19893 8518 3222 5296 143826 115332 28494 11962 3521 8441 2805 1391 1414 41384 32427 8957 94590 94590 37241 22222 15019 DUES & SUBSCRIPTIONS, B 2546 404 2142 BAD DEBT 574 287 287 871064 655311 215753 0 395771 171972 9106 5920 103234 110965 4910 5522 24787 5645746 754179 4588409 4891567 226594 279910 5333546 5485121 90848 90442 3099 2410 2636197 2623088 323125 396922 3053269 3112862 X 364792 456774 1915485 1915485 2280277 2372259 5333546 5485121 91982 0 X 0 1 X 1 0 X 443971 897377 420358 319656 276530 2357892 443971 897377 420358 319656 276530 2357892 4216 2353676 282627 264283 321761 1827 2821 873319 451444 602811 605 3130 1057990 4289201 2043949 0.54870 0.54600 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 451,444. 2022 AMOUNT: $ 602,811. 2023 AMOUNT: $ 605. 2024 AMOUNT: $ 3,130. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 469714 469714 3601973 596292 3005681 1447857 94844 1353013 126202 63043 63159 4891567 TENANT SECURITY DEPOSITS 27564 OPERATING RESERVE 400 RESERVE FOR REPLACEMENT 221135 RESERVE FOR TAXES AND INSURANCE 25901 DUE FROM MM NP HOUSING CORP 4910 279910 DEFERRED INTEREST PAYABLE 30268 LINE OF CREDIT 339000 DEPOSITS AND PREPAID LIABILITIES 27654 396922 X PART X, LINE 2: IN THE PREPARATION OF TAX RETURNS, TAX POSITIONS ARE TAKEN BASED ON INTERPRETATION OF FEDERAL, STATE, AND LOCAL INCOME TAX LAWS. MANAGEMENT PERIODICALLY REVIEWS AND EVALUATES THE STATUS OF UNCERTAIN TAX POSITIONS AND MAKES ESTIMATES OF AMOUNTS, INCLUDING INTEREST AND PENALTIES, ULTIMATELY DUE OR OWED. NO AMOUNTS HAVE BEEN IDENTIFIED, OR RECORDED, AS UNCERTAIN TAX POSITIONS. FEDERAL, STATE, AND LOCAL TAX RETURNS GENERALLY REMAIN OPEN FOR EXAMINATION BY VARIOUS TAXING AUTHORITIES FOR A PERIOD OF THREE TO FOUR YEARS. FORM 990, PART VI, SECTION A, LINE 3 THERE IS A MANAGEMENT AGREEMENT WITH KMG PRESTIGE, INC. TO MANAGE THE COBBLE CREEK I APARTMENTS AS AN AGENT OF NORTHERN HOMES CDC. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE WILL REVIEW THE FORM 990 BEFORE THE TAX RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER REVIEWS THE CONFLICT OF INTEREST POLICY ANNUALLY AND SIGNS AN AGREEMENT TO DISCLOSE ANY CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS FOR TOP OFFICIAL: ANNUAL PERFORMANCE REVIEW IS PERFORMED FOR THE EXECUTIVE DIRECTOR AND ANY SALARY INCREASES ARE VOTED ON AND AUTHORIZED BY THE BOARD OF DIRECTORS. COMPENSATION PROCESS FOR OFFICERS: PERFORMANCE REVIEWS ARE PERFORMED ANNUALLY BY THE EXECUTIVE DIRECTOR AND ANY SALARY INCREASES ARE VOTED UPON BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 NORTHERN HOMES MAKES ITS DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. MM NONPROFIT HOUSING CORPORATION PO BOX 86 BOYNE CITY MI 49712 460788470 DEVELOPMENT & MANAGEMENT OF LOW-INCOME HOUSING MI 501(C)(3) LINE 10 NORTHERN HOMES COMMUNITY DEVELOPMENT CORPORATION 1 LUMBER SQUARE NONPROFIT HOUSING CORPORATION PO BOX 86 BOYNE CITY MI 49712 923133226 OPERATE A 60 UNIT APARTMENT FOR MIDDLE INCOME HOUSEHOLDS MI 501(C)(3) LINE 12A, I 0 NORTHERN HOMES LDHA LP 1048 EAST MAIN STREET BOYNE CITY MI 49712 383603906 RENTAL REAL ESTATE MI NORTHERN HOMES COMMUNITY DEVELOPMENT CORPORATION RELATED -55003 2114094 0 0 0.99990 MV II LDHA LP 1048 EAST MAIN STREET BOYNE CITY MI 49712 030545397 RENTAL REAL ESTATE MI NORTHERN HOMES COMMUNITY DEVELOPMENT CORPORATION RELATED -42345 2007696 0 0 0.99990 BELLAIRE SENIOR LDHA LP 1048 EAST MAIN STREET BOYNE CITY MI 49712 141885100 RENTAL REAL ESTATE MI NORTHERN HOMES COMMUNITY DEVELOPMENT CORPORATION RELATED -33608 401696 0 0 0.99990 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0