Nonprofit · EIN 38-3337549
HOMESTRETCH NONPROFIT HOUSING CORPORATION
Tax-exempt · TRAVERSE CITY, MI 49684
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,518,710 | $1,026,886 | $491,824 | $10,395,114 | $6,452,309 | $3,942,805 |
| December 31, 2023 | 990 | $3,070,311 | $971,404 | $2,098,907 | $7,360,646 | $3,909,665 | $3,450,981 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $700,333
- of which government grants
- $681,311
- Program service revenue
- $338,865
- Investment income
- $6,583
- Net rental income
- $442,660
- Other revenue
- $472,929
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $102,652
- Other salaries and wages
- $181,163
- Salaries, compensation and benefits (total)
- $309,630
- Professional fundraising fees
- $0
- Accounting fees
- $27,760
- Occupancy
- $50,263
- Travel
- $16,331
- Depreciation
- $147,017
- Program services (functional)
- $794,958
- Management and general (functional)
- $231,928
Balance sheet and other
- Total assets, start of year
- $7,360,646
- Total assets, end of year
- $10,395,114
- Total liabilities, end of year
- $6,452,309
- Net assets, end of year
- $3,942,805
- Land, buildings and equipment
- $8,895,209
- Net assets without donor restrictions
- $2,818,634
- Net assets with donor restrictions
- $1,124,171
- Gross receipts
- $1,518,710
- Employees
- 7
- Volunteers
- 13
- Year formed
- 1996
- State of legal domicile
- MI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JONATHAN C STIMSON | EXECUTIVE DIRECTOR Officer | 40 | $99,137 |
| JIM LEMIRE | DIRECTOR Trustee or director | 2 | $3,515 |
| MARILYN CHRUMKA | DIRECTOR Trustee or director | 2 | $0 |
| KRISTINA SCHNEPF | DIRECTOR Trustee or director | 2 | $0 |
| BRIANA WALTER | DIRECTOR Trustee or director | 2 | $0 |
| TIM BURDEN | DIRECTOR Trustee or director | 2 | $0 |
| MICHAEL BRODSKY | DIRECTOR Trustee or director | 2 | $0 |
| LANE T PLAMONDON | DIRECTOR Trustee or director | 2 | $0 |
| JAMES HENDERSON | DIRECTOR Trustee or director | 2 | $0 |
| MARIE PORTER | DIRECTOR Trustee or director | 2 | $0 |
| CLAIRE KARNER | DIRECTOR Trustee or director | 2 | $0 |
| NICOLE HOWARD | SECRETARY Trustee or director, Officer | 4 | $0 |
| SARNA SALZMAN | TREASURER Trustee or director, Officer | 4 | $0 |
| THOMAS CRONIN | VICE PRESIDENT Trustee or director, Officer | 4 | $0 |
| GEOFF STREIT | PRESIDENT Trustee or director, Officer | 4 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JONATHAN C STIMSON | EXECUTIVE DIRECTOR Officer | 40 | $101,914 | $1,276 |
| THOMAS CRONIN | VICE PRESIDENT Trustee or director, Officer | 4 | $8,250 | $0 |
| JIM LEMIRE | DIRECTOR Trustee or director | 2 | $1,800 | $0 |
| MARILYN CHRUMKA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KRISTINA SCHNEPF | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BRIANA WALTER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TIM BURDEN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MICHAEL BRODSKY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| LANE T PLAMONDON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JAMES HENDERSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARIE PORTER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CLAIRE KARNER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| NICOLE HOWARD | SECRETARY Trustee or director, Officer | 4 | $0 | $0 |
| SARNA SALZMAN | TREASURER Trustee or director, Officer | 4 | $0 | $0 |
| GEOFF STREIT | PRESIDENT Trustee or director, Officer | 4 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 400 BOARDMAN AVE STE 10, TRAVERSE CITY, MI 49684-3507
- Principal officer (990 for 2024)
- GEOFF STREIT, 400 BOARDMAN AVE 10, TRAVERSE CITY, MI 49684
- Signed the 990
- GEOFF STREIT, PRESIDENT
- Phone
- (231) 947-6001
- Website
- WWW.HOMESTRETCHHOUSING.ORG
- Return prepared by
- MANER COSTERISAN PC
Mission
TO PROVIDE DECENT, AFFORDABLE HOUSING FOR PERSONS OF LOW AND MODERATE INCOME. WE SHALL PROVIDE AND PRESERVE THE QUALITY AND AFFORDABILITY OF HOUSING FOR PRESENT AND FUTURE LOW TO MODERATE INCOME RESIDENTS OF THE COMMUNITY.
Program accomplishments
- HOMESTRETCH NONPROFIT HOUSING CORPORATION WAS AWARDED A $50,000 GRANT FROM THE OFFICE OF RURAL PROSPERITY WHICH ENABLED THEM TO HIRE JESSE WOLFF FOR THE ROLE OF DIRECTOR OF REAL ESTATE DEVELOPMENT. THE ORGANIZATION PAID OFF THE DUPLEX/BOARDMAN LOAN AT THE END OF 2024, MET THE FUNDING THRESHOLD FOR BOTH CARVER AND FRANKFORT, AND BROKE GROUND FOR BOTH PROJECTS IN 2024. ADDITIONALLY, THE ORGANIZATION RECEIVED ZONING APPROVAL FOR CRYSTAL COMMONS, A 32-UNIT DEVELOPMENT IN THOMPSONVILLE. HOMESTRETCH NONPROFIT HOUSING CORPORATION RECEIVED A TAX CREDIT AWARD FOR ELK RAPIDS, FLATS ON BRIDGE IN THE AMOUNT OF $7.9 MILLION. THE ORGANIZATION CURRENTLY HAS 8 PROJECTS IN THE PIPELINE CONSISTING OF 67 UNITS IN TOTAL TO BE DEVELOPED.Expenses $794,958 · revenue $811,794
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 38-3337549
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1998
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L210)
- Assets (IRS master file)
- $10,395,114
- Income (IRS master file)
- $1,518,710
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,518,710 | $1,026,886 | $10,395,114 | XML |
| 990 | December 2023 | $3,070,311 | $971,404 | $7,360,646 | XML |
| 990 | December 2022 | – | – | – | IRS |
| 990 | September 2022 | $1,174,063 | $441,420 | $4,571,648 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 38-3337549).
Questions about HOMESTRETCH NONPROFIT HOUSING CORPORATION
- What is the EIN of HOMESTRETCH NONPROFIT HOUSING CORPORATION?
- The employer identification number (EIN) of HOMESTRETCH NONPROFIT HOUSING CORPORATION is 38-3337549.
- Is HOMESTRETCH NONPROFIT HOUSING CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to HOMESTRETCH NONPROFIT HOUSING CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HOMESTRETCH NONPROFIT HOUSING CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HOMESTRETCH NONPROFIT HOUSING CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HOMESTRETCH NONPROFIT HOUSING CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of HOMESTRETCH NONPROFIT HOUSING CORPORATION?
- The 990 for the year ended December 31, 2024 names GEOFF STREIT.
- Who are the officers and directors of HOMESTRETCH NONPROFIT HOUSING CORPORATION?
- The 990 for the year ended December 31, 2024 lists 15 people; 2 received compensation from the organization, the highest $99,137 (JONATHAN C STIMSON, EXECUTIVE DIRECTOR).
- How much revenue does HOMESTRETCH NONPROFIT HOUSING CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,518,710, expenses of $1,026,886 and total assets of $10,395,114 at year end.
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All nonprofits in TRAVERSE CITY · Michigan · Housing and shelter