Truenorth Center For Nonprofit Housing

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 383164047 ✦ Fremont, MI ✦ Designated as a 501(c)(3)

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Overview

What is Truenorth Center For Nonprofit Housing?

Truenorth Center For Nonprofit Housing is a rural nonprofit organization situated in Michigan, specifically Fremont. Committed to ensuring affordable housing for all members of the community, they provide counseling, education, and financial assistance to low to moderate income families purchasing a new home. This includes assistance with closing costs and renovations. Additionally, they own 114 rental units for low to moderate income families. Their mission extends beyond housing, as they also engage in housing development by renovating single-family homes for an average of 30 families annually. Through their efforts, they contribute to strengthening relationships within local communities, ultimately promoting healthy living spaces for all.


Official website here: www.cnhousing.org

Is Truenorth Center For Nonprofit Housing legitimate?

Truenorth Center For Nonprofit Housing is a legitimate nonprofit organization registered as a 501(c)(3) entity. Truenorth Center For Nonprofit Housing submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $94,638

For more financial information, click here


Official website here: www.cnhousing.org

What is the mission statement of Truenorth Center For Nonprofit Housing?

The Truenorth Center for Nonprofit Housing is a rural non-profit organization committed to ensuring that all members of the community have access to quality, affordable housing. They achieve this by providing counseling, education, and financial assistance for closing costs and renovations to low to moderate income families purchasing a new home. Additionally, the center owns 114 units of rental properties for low to moderate income families. In essence, Truenorth Center for Nonprofit Housing works to bridge the housing affordability gap for families in need, offering essential support and resources to make homeownership a reality.


Official website here: www.cnhousing.org

Who is the CEO of Truenorth Center For Nonprofit Housing?

Beverly Cassidy is the Past Chair of Truenorth Center For Nonprofit Housing. The CEO's salary of Truenorth Center For Nonprofit Housing is $0 and their total compensation is $193,465.


Official website here: www.cnhousing.org

What is the revenue of Truenorth Center For Nonprofit Housing?

Truenorth Center For Nonprofit Housing's revenue in 2022 was $462,627.


Official website here: www.cnhousing.org

Who are the executives of Truenorth Center For Nonprofit Housing and what are their salaries?

The average compensation at Truenorth Center For Nonprofit Housing during 2022 was $23,660. There are 4 employees and 9 volunteers at Truenorth Center For Nonprofit Housing.


Here are 10 key members and their salaries (Truenorth Center For Nonprofit Housing's CEO's salary is $0 and their total compensation is $193,465):


Carrie Vandenberg (Past Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gene Ford (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jane Newton (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Merkel (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Julie Berwald (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kate Scarbrough-Kesteloot (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lora Stevens (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Yachcik (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kelly Wagonmaker (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Beverly Cassidy (President/Ceo)
  • Compensation: $0
  • Related: $181,566
  • Other: $11,899


Official website here: www.cnhousing.org

Where can I find the form 990 for Truenorth Center For Nonprofit Housing?

Truenorth Center For Nonprofit Housing's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.cnhousing.org

Learn more at the official website: www.cnhousing.org

Mission Statement of Truenorth Center For Nonprofit Housing

Truenorth Center for Nonprofit Housing is a rural non-profit organization with a mission to ensure that all members of their community have access to quality, affordable housing. They achieve this by providing counseling, education, and financial assistance to low to moderate income families. This aid extends to covering closing costs and home renovations for families who are purchasing a new home. Furthermore, Truenorth Center for Nonprofit Housing owns and manages 114 rental units, offering affordable housing options for these families. By doing so, they contribute significantly to addressing the housing needs within their community.

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Impact




October, 2024

Truenorth Center for Nonprofit Housing significantly enhances the lives of low to moderate-income families in the Fremont, MI area by ensuring access to quality, affordable housing. The organization plays a crucial role in the community by providing counseling and education to families aspiring to purchase homes. It also offers financial assistance for closing costs and necessary renovations, making home ownership more attainable for those with limited resources.

Annually, Truenorth assists approximately 30 families with home maintenance through valuable renovations, which not only improves living conditions but also fosters a sense of stability and community. With ownership of 114 rental units specifically designated for low to moderate-income families, Truenorth directly mitigates housing insecurity and promotes healthy living environments.

Collaborating with local municipalities and other agencies, Truenorth strengthens community ties and contributes to building healthy, sustainable neighborhoods, positively impacting the overall well-being of the families it serves. Through its dedicated efforts, Truenorth Center for Nonprofit Housing is a vital catalyst for positive change in the region.




This information is meant to be a general summary of Truenorth Center For Nonprofit Housing. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$462,627 (2022)
Expenses
$536,552 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: -$1,895
  • Program Service Revenue: $63,489
  • Gross Receipts: $462,627

Assets and Liabilities:

  • Total Assets: $1,027,094
  • Total Liabilities: $113,113
  • Net Assets: $913,981

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL RECEIPTS

Revenue

$44,503

FEES

Revenue

$17,986

REIMBURSEMENTS

Revenue

$1,000

Organization Details

Founding Year

1994

Principal Officer

Beverly Cassidy

Main Address

PO BOX 149, FREMONT, MI, 49412

NTEE Category

Code: L80 - Housing

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