Nonprofit · EIN 38-3075222
BGC NONPROFIT HOUSING CORPORATION
Tax-exempt · OKEMOS, MI 48864
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,069,029 | $1,760,758 | $308,271 | $6,824,636 | $6,415,621 | $409,015 |
| December 31, 2023 | 990 | $1,945,803 | $4,709,257 | -$2,763,454 | $6,641,304 | $6,540,560 | $100,744 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,032,993
- Investment income
- $36,036
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $91,667
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $18,468
- Accounting fees
- $5,570
- Occupancy
- $214,566
- Travel
- $1,999
- Depreciation
- $170,819
- Program services (functional)
- $1,197,407
- Management and general (functional)
- $563,351
Balance sheet and other
- Total assets, start of year
- $6,641,304
- Total assets, end of year
- $6,824,636
- Total liabilities, end of year
- $6,415,621
- Net assets, end of year
- $409,015
- Land, buildings and equipment
- $3,391,205
- Net assets without donor restrictions
- $409,015
- Gross receipts
- $2,069,029
- Employees
- 0
- Volunteers
- 4
- Year formed
- 1992
- 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 |
|---|---|---|---|
| KURT HANUS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| DR JOHN A SAUCHAK | BOARD MEMBER Trustee or director | 0.5 | $0 |
| LAURIE SCHWARTZ | TREASURER Trustee or director, Officer | 1 | $0 |
| RICHARD KERBAWY | PRESIDENT Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LAURIE SCHWARTZ | TREASURER Trustee or director, Officer | 1 | $0 |
| RICHARD KERBAWY | PRESIDENT Trustee or director, Officer | 1 | $0 |
| DR JOHN A SAUCHAK | BOARD MEMBER Trustee or director | 0.5 | $0 |
| KURT HANUS | BOARD MEMBER Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 2170 COMMONS PKWY, OKEMOS, MI 48864-3986
- In care of
- % RICHARD KERBAWY
- Principal officer (990 for 2024)
- RICHARD KERBAWY, 2170 COMMONS PKWY, OKEMOS, MI 48864
- Signed the 990
- RICHARD KERBAWY, PRESIDENT
- Phone
- (517) 853-6655
- Return prepared by
- MANER COSTERISAN PC
Mission
TO PROVIDE AND PRESERVE HOUSING FACILITIES FOR PERSONS AND FAMILIES OF LOW INCOME AND TO PROVIDE FOR THEIR SOCIAL, PHYSICAL, AND HEALTH NEEDS.
Program accomplishments
- BGC NONPROFIT HOUSING CORPORATION/LINDEN LANE APARTMENTS PROVIDES 180 RENTAL UNITS TO PERSONS OF LOW TO MODERATE INCOME. THE ORGANIZATION ALSO PROVIDES SOCIAL AND RECREATIONAL FACILITIES TO SERVE THE RESIDENTIAL AREA.Expenses $1,105,740 · revenue $2,032,993
- INCOME FROM BGC NONPROFIT HOUSING CORPORATION/LINDEN LANE APARTMENTS BENEFIT ACTIVITIES OF THE BOYS AND GIRLS CLUB OF LANSING TO THE EXTENT THAT THOSE ACTIVITIES ARE CONSISTENT WITH THE TAX-EXEMPT PURPOSE OF BGC-LINDEN LANE.Expenses $91,667 · grants $91,667
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
- 38-3075222
- 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)
- Community improvement and capacity building (S21Z)
- Assets (IRS master file)
- $6,824,636
- Income (IRS master file)
- $2,069,029
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,069,029 | $1,760,758 | $6,824,636 | XML |
| 990 | December 2023 | $1,945,803 | $4,709,257 | $6,641,304 | XML |
| 990 | December 2022 | $1,885,861 | $1,814,203 | $9,485,113 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 38-3075222).
Questions about BGC NONPROFIT HOUSING CORPORATION
- What is the EIN of BGC NONPROFIT HOUSING CORPORATION?
- The employer identification number (EIN) of BGC NONPROFIT HOUSING CORPORATION is 38-3075222.
- Is BGC NONPROFIT HOUSING CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to BGC NONPROFIT HOUSING CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BGC 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 BGC 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 BGC 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 BGC NONPROFIT HOUSING CORPORATION?
- The 990 for the year ended December 31, 2024 names RICHARD KERBAWY.
- Who are the officers and directors of BGC NONPROFIT HOUSING CORPORATION?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does BGC NONPROFIT HOUSING CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,069,029, expenses of $1,760,758 and total assets of $6,824,636 at year end.
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All nonprofits in OKEMOS · Michigan · Community improvement and capacity building