Leelanau Reach C/o Homestretch Housing
Nonprofit profile at a glance
- EIN
- 201190609
- IRS 990-EZ coverage
- 2021–2022
- Forms available
- Form 990 2020, Form 990-EZ 2022, Form 990-N 2019
- Location
- Traverse City, MI, USA
- Phone
- 2319476001
- Rating confidence
- Limited
- Sector
- Housing Development, Construction, Management
Reported finances
- Expenses
- $1,398
- Assets
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.
Leadership & pay
12 people listed
People named in this filing
- ROBERT SCHLUETER (CHAIR)
- BILL COLLINS (VICE CHAIR)
- EMILY KELLY (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The corporation is organized exclusively for charitable, educational, and scientific purposes, including to plan and develop decent affordable homeownership and rental housing opportunities for low and moderate income families by such methods deemed appropriate by the board of directors. This includes but is not limited to the receiving, collecting and disbursing the monies from grants, contributions, gifts, bequests, and legacies for the purpose of planning, developing, sponsoring, owning, operating and managing housing facilities, and to construct, buy, sell, lease, hold, improve, and otherwise deal in real and personal property incidental to such purposes, and perform all other lawful actions consistent with the other purposes of the corporation.
What it reported doing in 2022
Constructing decent affordable homeownership and rental housing opportunities for low and moderate income families.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 82
- Sustainability: 10
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: 0; rating input score 13; 13th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 51; 51st percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -139.3% per year; rating input score 0; 5th percentile among comparable filings
- Asset growth: -83% per year; rating input score 0; 7th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 1 of 1 current checks pass
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2021 to 2022
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 13/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 51/100.