Muskegon-Oceana Affordable Housing Initiatives Corporation in Muskegon, Michigan (MI)

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Muskegon-Oceana Affordable Housing Initiatives Corporation
Employer Identification Number (EIN)204929165
Name of OrganizationMuskegon-Oceana Affordable Housing Initiatives Corporation
In Care of NameKenneth R Shelton Sr
Address1170 West Southern Avenue, Muskegon, MI 49441
SubsectionCharitable Organization
Ruling Date11/2008
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2011
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$166,490
Amount of Income$146,447
Form 990 Revenue Amount$146,447
National Taxonomy of Exempt Entities (NTEE)Housing, Shelter: Housing Development, Construction, Management


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Amount of income in 2011: $146,447 (it was $146,447 in 2013)
Muskegon-Oceana Affordable Housing Initiatives Corporation: 

 $146,447
Other organizations performing similar types of work: 

 $141,278

Assets in 2011: $166,490 (it was $166,490 in 2013)
This organization: 

 $166,490
Other organizations performing similar types of work: 

 $740,093

Expenses in 2013: $81,509
Muskegon-Oceana Affordable Housing Initiatives Corporation: 

 $81,509
Other organizations performing similar types of work: 

 $124,074

Income to expenses ratio in 2013: 1.8
Muskegon-Oceana Affordable Housing Initiatives Corporation: 

 1.8
Other organizations performing similar types of work: 

 0.7

Grants share in income in 2013: 100.0%
Muskegon-Oceana Affordable Housing Initiatives Corporation: 

 100.0%
Other organizations performing similar types of work: 

 3.7%

Financial snapshot ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2013
Total revenue$146,447
Contributions, gifts, grants, and similar amounts received$146,447
Program service revenue including government fees and contracts$0
Membership dues and assessments$0
Investment income$0
Gain/Loss from sale of assets other than inventory$0
Net income/loss from gaming and fundraising events$0
Gross profit/loss from sales of inventory$0
Other revenue$0
Total expenses$81,509
Total net assets$89,028
Excess/Deficit for the year$64,938
Net assets or fund balances at beginning of year$24,090
Other changes in net assets or fund balances$0
Net assets or fund balances at end of year$89,028
Balance Sheets
2013
Total assets$166,490
Total liabilities$77,462
Net assets or fund balances$89,028
Other Information
2013
Did the organization engage in any significant activity not previously reported to the IRS?No
Were any significant changes made to the organizing or governing documents?No
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Has the organization filed a Form 990-T for the year?No
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?No
Amount of political expenditures, direct or indirect$0
Did the organization file Form 1120-POL for this year?No
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?No
Total amount involved$0
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?No
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$146,447
Subtotal Support$146,447
Gifts, grants, contributions, and membership fees received$146,447
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$0
Total Support$146,447
Public Support$146,447
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$0
Gross receipts from related activities, etc.$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Vf Affordable Housing Inc448 Depot St Ne, Christiansbrg, VA 24073-2050VA2000-11$716,864
2Vine Street Manor Housing Corp2300 Flora, Kansas City, MO 64108MO2004-03$366,819
3Hope Network, Group ReturnPO BOX 890, Grand Rapids, MI 49518-0890MI2011-02$124,096,888
4Preservation Non-Profit Housing Corporation1118 S Washington Ave, Lansing, MI 48910-1659MI2014-09$10,082,945
5Hope Network, Hope Network Integrated RecoveryPO BOX 890, Grand Rapids, MI 49518-0890MI2011-02$1,172,112
6Woodridge Nonprofit Corporation26000 Evergreen Rd, Southfield, MI 48076-4453MI2008-03$888,421
7Scotts Afc Home Inc24736 Graham Rd, Redford, MI 48239-3436MI2009-04$573,208
8Community Homeworks808 S Westnedge Avenue, Kalamazoo, MI 49008MI2010-06$562,137
9Ridge Housing Corporation181 Clark St, Sparta, MI 49345-1500MI2014-07$445,540
10Muskegon-Oceana Affordable Housing Initiatives Corporation1170 West Southern Avenue, Muskegon, MI 49441MI2008-11$146,447
11Your Home Company Inc101 S Saginaw St Apt 300, Holly, MI 48442-1672MI1996-02$144,296
12South East Michigan Non Profit Housing Corp1600 Gratiot Blvd Ste 1, Marysville, MI 48040-1145MI2004-07$141,907
13Hope Network, Three Rivers Alternative Hsg CorpPO BOX 890, Grand Rapids, MI 49518-0890MI2011-02$108,435
14Kalamazoo Collective Housing2101 Wilbur Ave, Kalamazoo, MI 49006-5610MI2009-12$104,523
15Sparrows Nest16575 Austin Way, East Lansing, MI 48823MI2009-03$87,617
16Hope Network, Twin Lakes Nonprofit Hsg CorpPO BOX 890, Grand Rapids, MI 49518-0890MI2011-02$79,355
17Vista Affordable Housing Inc20651 W Warren St, Dearborn Hts, MI 48127-2622MI2010-02$74,492
18Great Scott Homes Inc21145 Virgina, Southfield, MI 48076MI2014-09$74,256
19Life Remodeled-A Nonprofit Corporation, Life Remodeled34039 Algonquin St, Westland, MI 48185-2730MI2011-06$72,441
20People Enriching Empowering People Services & Housing Corporation9011 Artesian, Detroit, MI 48228MI2005-08$67,082
Number of organizations performing similar types of work
Alaska15
Alabama79
Arkansas52
Arizona71
California590
Colorado62
Connecticut70
District of Columbia39
Delaware21
Florida278
Georgia199
Hawaii37
Iowa49
Idaho18
Illinois189
Indiana97
Kansas30
Kentucky63
Louisiana165
Massachusetts149
Maryland116
Maine37
Michigan201
Minnesota80
Missouri91
Mississippi47
Montana28
North Carolina133
North Dakota11
Nebraska34
New Hampshire15
New Jersey159
New Mexico19
Nevada27
New York431
Ohio189
Oklahoma55
Oregon47
Pennsylvania186
Rhode Island30
South Carolina70
South Dakota22
Tennessee105
Texas313
Utah33
Virginia114
Vermont10
Washington71
Wisconsin64
West Virginia23
Wyoming10
International36
Total5,080

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