Nonprofit · EIN 38-3080448
BGC-II 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 | $2,705,996 | $2,400,584 | $305,412 | $16,672,613 | $8,036,843 | $8,635,770 |
| December 31, 2023 | 990 | $2,551,393 | $2,334,746 | $216,647 | $16,538,029 | $8,207,671 | $8,330,358 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,662,034
- Investment income
- $43,962
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $91,667
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $5,723
- Accounting fees
- $49,079
- Occupancy
- $311,658
- Depreciation
- $540,109
- Program services (functional)
- $1,646,049
- Management and general (functional)
- $754,535
Balance sheet and other
- Total assets, start of year
- $16,538,029
- Total assets, end of year
- $16,672,613
- Total liabilities, end of year
- $8,036,843
- Net assets, end of year
- $8,635,770
- Land, buildings and equipment
- $13,953,633
- Net assets without donor restrictions
- $8,635,770
- Gross receipts
- $2,705,996
- 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
- % THOMAS FINLEY
- 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 IN MICHIGAN AND TO PROVIDE FOR THEIR SOCIAL AND VARIOUS OTHER NEEDS.
Program accomplishments
- BGC-II PROVIDES 214 RENTAL UNITS TO PERSONS OF LOW TO MODERATE INCOME. THE ORGANIZATION ALSO PROVIDES SOCIAL AND RECREATIONAL FACILITIES TO SERVE THE RESIDENTIAL AREA.Expenses $1,554,382 · revenue $2,662,034
- INCOME FROM THIS PROJECT AND MSHDA FUNDS BENEFIT ACTIVITIES OF THE BOYS AND GIRLS CLUB OF LANSING AND MIDLAND AREA HOMES TO THE EXTENT THAT THOSE ACTIVITIES ARE CONSISTENT WITH THE EXEMPT PURPOSE OF BGC-II GREENHILL.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
- 38-3080448
- 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
- 1993
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L200)
- Assets (IRS master file)
- $16,672,613
- Income (IRS master file)
- $2,705,996
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,705,996 | $2,400,584 | $16,672,613 | XML |
| 990 | December 2023 | $2,551,393 | $2,334,746 | $16,538,029 | XML |
| 990 | December 2022 | $2,468,286 | $2,199,082 | $16,613,324 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 38-3080448).
Questions about BGC-II NONPROFIT HOUSING CORPORATION
- What is the EIN of BGC-II NONPROFIT HOUSING CORPORATION?
- The employer identification number (EIN) of BGC-II NONPROFIT HOUSING CORPORATION is 38-3080448.
- Is BGC-II NONPROFIT HOUSING CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to BGC-II NONPROFIT HOUSING CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BGC-II 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-II 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-II 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-II NONPROFIT HOUSING CORPORATION?
- The 990 for the year ended December 31, 2024 names RICHARD KERBAWY.
- Who are the officers and directors of BGC-II 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-II NONPROFIT HOUSING CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,705,996, expenses of $2,400,584 and total assets of $16,672,613 at year end.
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