Nonprofit · EIN 38-3024297
VENTURE INC
Tax-exempt · PONTIAC, MI 48343
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,149,113 | $706,809 | $1,442,304 | $2,917,947 | $3,007,880 | -$89,933 |
| December 31, 2023 | 990 | $295,072 | $775,339 | -$480,267 | $2,395,371 | $3,927,614 | -$1,532,243 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,283,380
- of which government grants
- $1,238,880
- Program service revenue
- $0
- Investment income
- $32,704
- Other revenue
- $833,029
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $67,778
- Salaries, compensation and benefits (total)
- $103,426
- Professional fundraising fees
- $0
- Travel
- $375
- Depreciation
- $30,190
- Program services (functional)
- $567,599
- Management and general (functional)
- $139,210
Balance sheet and other
- Total assets, start of year
- $2,395,371
- Total assets, end of year
- $2,917,947
- Total liabilities, end of year
- $3,007,880
- Net assets, end of year
- -$89,933
- Land, buildings and equipment
- $581,645
- Net assets without donor restrictions
- -$89,933
- Gross receipts
- $2,149,113
- Employees
- 1
- Volunteers
- 0
- Year formed
- 1991
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SUSAN HARDING | CHAIRPERSON Trustee or director, Officer | 2 | $0 | $154,184 | $35,190 |
| BRAD MICHAUD | PRESIDENT Trustee or director, Officer | 12 | $0 | $139,034 | $12,364 |
| THOMAS KABEL | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DOUG WILLIAMS | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| TERRY WINTER | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| HOLBERT MAXEY | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| COLEMAN YOUKAM | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| BRYAN KEILER | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| DARRIEN FRANKLIN | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SUSAN HARDING | CHAIRPERSON Trustee or director, Officer | 2 | $0 | $144,360 | $35,650 |
| BRAD MICHAUD | PRESIDENT Trustee or director, Officer | 12 | $0 | $132,766 | $13,012 |
| THOMAS KABEL | SECRETARY Trustee or director | 1 | $0 | $0 | $0 |
| COLEMAN YOUKAM | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| DARRIEN FRANKLIN | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| HOLBERT MAXEY | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| BRYAN KEILER | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| TERRY WINTER | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| DOUG WILLIAMS | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 430598, PONTIAC, MI 48343-0598
- In care of
- % CHRIS VIHONSKY
- Principal officer (990 for 2024)
- SUSAN HARDING, 196 CESAR E CHAVEZ AVENUE, PONTIAC, MI 48342
- Signed the 990
- SUSAN HARDING, CEO
- Phone
- (248) 209-2600
- Website
- WWW.OLHSA.ORG
- Return prepared by
- UHY ADVISORS GREAT LAKES INC
Mission
TO PROVIDE AFFORDABLE HOUSING OPPORTUNITIES TO THOSE INDIVIDUALS OR FAMILIES IN NEED. INCREASE THE AMOUNT OF AFFORDABLE HOUSING WITHIN OAKLAND AND LIVINGSTON COUNTIES.
Program accomplishments
- TO INCREASE THE AMOUNT OF AFFORDABLE HOUSING WITHIN OAKLAND AND LIVINGSTON COUNTIES. DURING 2024, VENTURE CONTINUED ITS WORK IN THE GM MODERN HOUSING NEIGHBORHOOD AND UNITY PARK NEIGHBORHOOD BY DOING SOME OWNER OCCUPIED REHABILITATION WORK. VENTURE ALSO STARTED CONSTRUCTION OF ITS SIXTH HOUSE BUILD UTILIZING FUNDING FROM OAKLAND COUNTY IN PARTNERSHIP WITH THE OAKLAND SCHOOLS TECHNICAL CAMPUS IN PONTIAC.Expenses $567,599
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
- 38-3024297
- 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
- 1992
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L80Z)
- Assets (IRS master file)
- $2,917,947
- Income (IRS master file)
- $2,149,113
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,149,113 | $706,809 | $2,917,947 | IRS |
| 990 | December 2023 | $295,072 | $775,339 | $2,395,371 | XML |
| 990 | December 2022 | $471,444 | $704,103 | $351,748 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 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 38-3024297).
Questions about VENTURE INC
- What is the EIN of VENTURE INC?
- The employer identification number (EIN) of VENTURE INC is 38-3024297.
- Is VENTURE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to VENTURE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VENTURE INC 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 VENTURE INC 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 VENTURE INC 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 VENTURE INC?
- The 990 for the year ended December 31, 2024 names SUSAN HARDING.
- Who are the officers and directors of VENTURE INC?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does VENTURE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,149,113, expenses of $706,809 and total assets of $2,917,947 at year end.
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- INTERNATIONAL UNION UNITED AUTO AEROSPACE & AGRICULTURAL WORKERS EIN 38-1119397 · last filed 990 for 2025
- KONIS AFC HOME INC EIN 35-2281083 · last filed 990 for 2025
- FAITH HOUSE IN MOTION INC EIN 30-0556275 · last filed 990-N for 2024
- AMARGE DEVELOPMENT CO EIN 38-3396985 · last filed 990-N for 2024
- MCLAREN OAKLAND EIN 38-1428164 · last filed 990 for 2025