Heartside Nonprofit Housing Corporation

GRAND RAPIDS, MI EIN: 38-2600226

HEARTSIDE NONPROFIT HOUSING CORPORATION DEVELOPS RESIDENTIAL HOUSING FOR LOW AND MODERATE INCOME FAMILIES AND INDIVIDUALS.

Financial Overview

From 2024 IRS Form 990-PF

Total Assets

$21.3M

+30.2% YoY

Annual Giving

$574K

+35.4% YoY

Grant Count

3

+0.0% YoY

Avg Grant Size

$191K

+35.4% YoY

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Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$363K$726K$1M$1M20202021202220232024
Metric202420232022
Total Assets$21,308,168$16,369,102$16,442,374
Revenue$1,190,221$827,234$892,326
Expenses$1,085,488$877,926$1,153,543
Qualifying Distributions
Net Investment Income$165,357$135,633$135,574
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$178K$357K$535K$714K3 grants20203 grants20213 grants20223 grants20233 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

HERKIMER COMMERCE LIMITE…$288KKBC LIMITED DIVIDEND HOU…$209KDWELLING PLACE OF GRAND …$78K

Grant Size Distribution

15 grants across all recorded years

<$50K4$50–100K7$100–250K4$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Who else does Heartside Nonprofit Housing Corporation fund?

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Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
JEREMY DEROOFORMER CEO1
LEE NELSON WEBERSECRETARY1
RICH KOGELSCHATZCHAIRPERSON1
KIM SIMSVICE CHAIRPERSON1
ANGIE SANBORNTREASURER1
ALONDA TRAMMELL-MILLERCHIEF SERVICES OFFICER1
FELISHA RODRIGUEZFORMER COO1
VINCE LAMBERTCHIEF FINANCIAL OFFICER1
JACOB HORNERCHIEF REAL ESTATE DEVELOPM1

Geographic Focus

Where this funder has awarded grants

Grant Distribution by State

1states

States

Cities

Grand Rapids

Data last updated March 2026. Sourced from IRS Form 990-PF filings.

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