Mcc Parcel B Title Holding Corporation

Nonprofit profile at a glance

EIN
843392213
IRS 990 coverage
2019–2024
Forms available
Form 990 2024
Location
Lansing, MI, USA
Phone
5173340545
Rating confidence
Limited
Sector
Real Estate Associations

Official website

Reported finances

Revenue
$-249,818
Expenses
$3,515
Assets
$24,214,984
Liabilities
$24,301,167

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • ERIC HANNA (PRESIDENT/BOARD MEMBER)

Highest reported compensation

  • ERIC HANNA (PRESIDENT/BOARD MEMBER): $304,885 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

This corporation is a fixed asset holding company which owns property that Michigan community capital used in the fulfillment of their stated mission.

What it reported doing in 2024

Operations pertaining to the 51,000 square foot mixed-use facility located in mt. Pleasant, Michigan consisting of affordable housing, a co-op grocery store, and related commercial / retail amenities.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

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: 75
  • Transparency & Controls: 60
  • Accountability: 81
  • Sustainability: 40
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 66.7%; rating input score 67; 22nd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -101.4%; rating input score 20; 20th percentile among comparable filings
  • Total-asset coverage ratio: 6,889.04; rating input score 100; 100th percentile among comparable filings
  • Liabilities to assets ratio: 1; rating input score 5; 5th percentile among comparable filings
  • Officer compensation ratio: 1,117.1%; rating input score 1; 1st percentile among comparable filings

Growth

  • Program expense growth: -30.3% per year; rating input score 0; 11th percentile among comparable filings
  • Revenue growth: Limited
  • Asset growth: 22.4% per year; rating input score 100; 92nd percentile among comparable filings

Details

  • Where the money goes: 100% of spending went to programs
  • Governance: 2 of 3 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $4K in reported program spending
  • Leadership: top reported pay $305K · 3 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 16 of 16 current checks pass
  • Schedules: 4 filed schedules · includes executive pay
  • Filing history: 5 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 1 filed related-organization link
  • 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 — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Operating margin scored 20/100.
  • High — Sustainability: Officer compensation ratio scored 1/100.
  • High — Sustainability: Liabilities to assets ratio scored 5/100.