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Nonprofit · EIN 38-3395829

NORTHERN HOMES COMMUNITY DEVELOPMENT CORPORATION

Tax-exempt · BOYNE CITY, MI 49712

Financials

$1.6M$1.6M2023$963K$871K2024
Revenue Expenses · by fiscal year end
Financials of NORTHERN HOMES COMMUNITY DEVELOPMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$963,046$871,064$91,982$5,485,121$3,112,862$2,372,259
December 31, 2023990$1,647,392$1,619,675$27,717$5,333,546$3,053,269$2,280,277
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$276,530
Program service revenue
$688,877
Investment income
-$5,491
Net gain from sales of assets
-$8,312
Other revenue
$3,130

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$113,171
Other salaries and wages
$207,845
Salaries, compensation and benefits (total)
$389,028
Professional fundraising fees
$0
Legal fees
$6,487
Accounting fees
$44,793
Occupancy
$143,826
Travel
$11,962
Depreciation
$94,590
Program services (functional)
$655,311
Management and general (functional)
$215,753

Balance sheet and other

Total assets, start of year
$5,333,546
Total assets, end of year
$5,485,121
Total liabilities, end of year
$3,112,862
Net assets, end of year
$2,372,259
Land, buildings and equipment
$4,891,567
Net assets without donor restrictions
$456,774
Net assets with donor restrictions
$1,915,485
Gross receipts
$1,038,594
Employees
4
Volunteers
12
Year formed
1998
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.

NameTitleHours / weekCompensationOther / benefits
JANE MACKENZIEEXECUTIVE DIRECTOR
Officer
40$86,171$27,000
SUE CLEARYDIRECTOR
Trustee or director
2$0$0
TOM JOHNSONDIRECTOR
Trustee or director
2$0$0
SEAN BARONDIRECTOR
Trustee or director
2$0$0
DENNIS KEISERDIRECTOR
Trustee or director
2$0$0
SHANNON FENDERSECRETARY
Trustee or director, Officer
2$0$0
BILL LORNETREASURER
Trustee or director, Officer
2$0$0
MEL MATCHETTVICE PRESIDENT
Trustee or director, Officer
2$0$0
DAVID WHITEPRESIDENT
Trustee or director, Officer
2.5$0$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensationOther / benefits
JANE MACKENZIEEXECUTIVE DIRECTOR
Officer
40$83,625$25,024
SUE CLEARYDIRECTOR
Trustee or director
2$0$0
TOM JOHNSONDIRECTOR
Trustee or director
2$0$0
SEAN BARONDIRECTOR
Trustee or director
2$0$0
DENNY KEISERDIRECTOR
Trustee or director
2$0$0
SHANNON FENDERSECRETARY
Trustee or director, Officer
2$0$0
BILL LORNETREASURER
Trustee or director, Officer
2$0$0
MEL MATCHETTVICE PRESIDENT
Trustee or director, Officer
2$0$0
DAVID WHITEPRESIDENT
Trustee or director, Officer
2.5$0$0

Address and contacts

Address (IRS master file)
1048 E MAIN ST, BOYNE CITY, MI 49712-9183
In care of
% NORTHERN LAKES ECONOMIC ALLIANCE
Principal officer (990 for 2024)
JANE MACKENZIE, PO BOX 86 1048 E MAIN STREET, BOYNE CITY, MI 49712
Signed the 990
JANE MACKENZIE, EXECUTIVE DIRECTOR
Phone
(231) 582-6244
Return prepared by
MANER COSTERISAN PC

Mission

TO CREATE AND PRESERVE QUALITY AFFORDABLE HOUSING OPTIONS FOR NORTHERN MICHIGAN RESIDENTS THROUGH EDUCATION, DEVELOPMENT, AND PARTNERING WITH LOCAL COMMUNITIES.

990 for the year ended December 31, 2024

Program accomplishments

  • 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.
    Expenses $382,400 · revenue $209,832
  • 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.
    Expenses $231,626 · revenue $417,745
  • THE ORGANIZATION PROVIDES HOMEBUYER EDUCATION AND FINANCIAL COUNSELLING. NORTHERN HOMES PROVIDED EDUCATION AND COUNSELING SERVICES TO OVER 60 HOUSEHOLDS.
    Expenses $41,285 · revenue $64,430

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
38-3395829
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1998
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P80)
Assets (IRS master file)
$5,485,121
Income (IRS master file)
$1,038,594

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$963,046$871,064$5,485,121XML
990December 2023$1,647,392$1,619,675$5,333,546XML
990December 2022$1,069,277$930,755$5,128,943IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––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 38-3395829).

Questions about NORTHERN HOMES COMMUNITY DEVELOPMENT CORPORATION

What is the EIN of NORTHERN HOMES COMMUNITY DEVELOPMENT CORPORATION?
The employer identification number (EIN) of NORTHERN HOMES COMMUNITY DEVELOPMENT CORPORATION is 38-3395829.
Is NORTHERN HOMES COMMUNITY DEVELOPMENT CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
Are donations to NORTHERN HOMES COMMUNITY DEVELOPMENT CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does NORTHERN HOMES COMMUNITY DEVELOPMENT 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 NORTHERN HOMES COMMUNITY DEVELOPMENT 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 NORTHERN HOMES COMMUNITY DEVELOPMENT 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 NORTHERN HOMES COMMUNITY DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2024 names JANE MACKENZIE.
Who are the officers and directors of NORTHERN HOMES COMMUNITY DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2024 lists 9 people; 1 received compensation from the organization, the highest $86,171 (JANE MACKENZIE, EXECUTIVE DIRECTOR).
How much revenue does NORTHERN HOMES COMMUNITY DEVELOPMENT CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $963,046, expenses of $871,064 and total assets of $5,485,121 at year end.

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