NonprofitsNorthern Homes Community Development Corporation

Human Services

Northern Homes Community Development Corporation

BOYNE CITY, MI

Total revenue

$963K

Total expenses

$871K

Net assets

$2.4M

Grants received

$2.1M

8 grants

EIN

383395829

Tax year

2024

Mission

To create and preserve quality affordable housing options for northern michigan residents.

Programs

2 programs

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: $232K

The organization provides homebuyer education and financial counselling. Northern homes provided education and counseling services to over 60 households.

Expenses: $41K

Financials

FY 2024

Revenue

Contributions & grants$277K
Program service revenue$689K
Investment income
Other revenue$3K
Total revenue$963K

Expenses

Grants paid
Salaries & benefits$389K
Fundraising
Other expenses$482K
Total expenses$871K
Total assets$5.5M
Net assets$2.4M

People

9 listed

NameRoleCompensation

JANE MACKENZIE

EXECUTIVE DIRECTOR

Board

$86K

40 hrs/wk

TOM JOHNSON

DIRECTOR

Board

2 hrs/wk

SEAN BARON

DIRECTOR

Board

2 hrs/wk

DENNIS KEISER

DIRECTOR

Board

2 hrs/wk

SUE CLEARY

DIRECTOR

Board

2 hrs/wk

BILL LORNE

TREASURER

Board

2 hrs/wk

MEL MATCHETT

VICE PRESIDENT

Board

2 hrs/wk

DAVID WHITE

PRESIDENT

Board

2.5 hrs/wk

SHANNON FENDER

SECRETARY

Board

2 hrs/wk

Grants received

Showing 8 of 8

FromAmountPurposeYear
$76K
FOR HARBOR AREA RESIDENTIAL TRUST (HART)
2024
$72K
Predevelopment activities for build
2024
$1.8M
INSTALLMENT PAYMENT FOR LOFTS OF LUMBER SQUARE. GIFT OF LAND FOR LOFTS AT LUMBER SQUARE
2023
$100K
TO ASSIST HART IN PURCHASING HOME FOR COMMUNITY LAND TRUST
2022
$30K
Building Community
2022
$12K
Feasibility studies
2021
$8K
OPERATING SUPPORT, RENTAL ASSISTANCE FOR MAPLE VILLAGE RESDENTS DUE TO COVID-19
2020
$6K
PROVIDE FINANCIAL EMPOWERMENT AND HOMEBUYER EDUCATION WORKSHOPS
2018

Funded by

$2.1M from 3 funders · 8 grants · 2018–2024

Petoskey-Harbor Springs Area

$2.0M · 5 grants · 2018–2024

Charlevoix County Community Foundation

$84K · 2 grants · 2021–2024

Frey Foundation

$30K · 1 grant · 2022

Details

EIN383395829
NTEE codeP80
Subsection03
Ruling date1998-12
Formed1998
Employees4
Volunteers12
NORTHERN HOMES COMMUNITY DEVELOPMENT CORPORATION — Mission, Financials & Grants Received | Grantivo