Liabilities / Assets
99th percentile
Higher debt load relative to assets than 99% of similar nonprofits.
Milford Housing Development Fund Co
EIN 22-3087615 • 501(c)3 • Milford, NY
Profile
Safe housing for low income individuals
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
20.49x
Liabilities / Revenue
100th percentile
Higher debt load relative to revenue than 100% of similar nonprofits.
Net Margin
1st percentile
Higher net margin than 1% of similar nonprofits.
Top Officer Pay
84th percentile
Higher top officer pay than 84% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
53rd percentile
Faster asset growth than 53% of similar nonprofits.
Revenue Growth
22nd percentile
Faster revenue growth than 22% of similar nonprofits.
Balance Sheet
Assets
Down$39,400
Down $49 (-0.1%) from 2021
Liabilities
Up$807,282
Up $34,297 (+4.4%) from 2021
Net Assets
Down-$767,882
Down $34,346 (-4.7%) from 2021
Revenue
Down$10
Down $6 (-38%) from 2021
Expenses
Up$34,495
Up $7,726 (+29%) from 2021
Net Income
Down-$34,485
Down $7,732 (-29%) from 2021
Trend Graphs
Filings
Most recent year
2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $39,400
- Liabilities
- $807,282
- Net assets
- -$767,882
- Revenue
- $10
- Expenses
- $34,495
- Net income
- -$34,485
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2022 to Dec 31, 2022
- Signed
- Nov 14, 2023
- Return Version
- 2022v5.0
- Gross Receipts
- $10
Mission and Program Overview
Mission
Delivery of clean and safe housing for low income people.
Safe housing for low income individuals
Program Services
| Description | Grants | Expenses |
|---|---|---|
| DELIVERY OF CLEAN AND SAFE HOUSING FOR LOW INCOME INDIVIDUALS. | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| ANTHONY SCALICI | President | - | $0 | - | - |
| LYNN DEVLIN | Treasurer | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Milford Housing Development Fund Co
- EIN
- 22-3087615
- Address
- 50 W MAIN STREET, Milford, NY 13807
Signing Officer
- Name
- Anthony Scalici
- Title
- President
- Phone
- 6072867330
- Signed
- 2023-11-14
- Discuss with paid preparer
- No
Preparer
- Firm
- Stephen M Cembrinski CPA
- Address
- 84 Beaver Street, Cooperstown, NY 13326
- Preparer
- Stephen M Cembrinski
- Phone
- 5618470568
Supplemental Narrative
Additional Explanations
General explanation attachment
“Regarding the facts and circumstances test on schedule a, part ii.milford housing development fund co. (mhdfc) was formed in 1993 as a public charity to provide housing for low income individuals. Mhdfc assisted with the development of milford apartments, lp, a 28-unit low income housing project located in milford, new york. The project was funded by loan proceeds from the new york state housing trust fund corporation (htfc). The operating activities of the project are governed by the partnership agreement and the htfc. The intention is that the property will revert back to mhdfc to continue operations and to try and receive other forms of public support to pursue its mission in the future. So it is important to maintain the mhdfc as a publicly supported 501(c)(3) and not a private foundation.”
Description of other expenses Part I line 16
“Description AmountK-1 MILFORD APTS LP - ALLOC LOSS 34,421NYS CHARITIES BUREAU 25BANK FEES 49”
Description of other assets Part II line 24
“Category Beginning of Year End of YearINVESTMENT IN MILFORD APTS LP 16,867 16,867”
Description of total liabilities Part II line 26
“Category Beginning of Year End of YearINVESTMENT IN MILFORD APTS, LP 768,411 802,822DUE TO MILFORD APTS, LP 100 125DUE TO MILFORD APTS INC 4,335 4,335”
Raw XML Appendix124 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | MILFORD APARTMENTS INC |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 6072867330 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 50 WEST MAIN STREET |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | Milford |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 13807 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 22582 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 22533 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -34485 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 39449 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 39400 |
| IRS990EZ/GrossReceiptsAmt | 0 | 10 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 10 |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 0 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 0 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | -733397 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | -767882 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | -733397 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | -767882 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | ANTHONY SCALICI |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | LYNN DEVLIN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | TREASURER |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 16867 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 16867 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 34495 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | SAFE HOUSING FOR LOW INCOME INDIVIDUALS |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | DELIVERY OF CLEAN AND SAFE HOUSING FOR LOW INCOME INDIVIDUALS. |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | NY |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 772846 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 807282 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 34495 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/TotalRevenueAmt | 0 | 10 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 10 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 16 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 17 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 16 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 32 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 91 |
| IRS990ScheduleA/PrivateFoundation170Ind | 0 | X |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.00000 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 0 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 91 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | REGARDING THE FACTS AND CIRCUMSTANCES TEST ON SCHEDULE A, PART II.MILFORD HOUSING DEVELOPMENT FUND CO. (MHDFC) WAS FORMED IN 1993 AS A PUBLIC CHARITY TO PROVIDE HOUSING FOR LOW INCOME INDIVIDUALS. MHDFC ASSISTED WITH THE DEVELOPMENT OF MILFORD APARTMENTS, LP, A 28-UNIT LOW INCOME HOUSING PROJECT LOCATED IN MILFORD, NEW YORK. THE PROJECT WAS FUNDED BY LOAN PROCEEDS FROM THE NEW YORK STATE HOUSING TRUST FUND CORPORATION (HTFC). THE OPERATING ACTIVITIES OF THE PROJECT ARE GOVERNED BY THE PARTNERSHIP AGREEMENT AND THE HTFC. THE INTENTION IS THAT THE PROPERTY WILL REVERT BACK TO MHDFC TO CONTINUE OPERATIONS AND TO TRY AND RECEIVE OTHER FORMS OF PUBLIC SUPPORT TO PURSUE ITS MISSION IN THE FUTURE. SO IT IS IMPORTANT TO MAINTAIN THE MHDFC AS A PUBLICLY SUPPORTED 501(C)(3) AND NOT A PRIVATE FOUNDATION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Description AmountK-1 MILFORD APTS LP - ALLOC LOSS 34,421NYS CHARITIES BUREAU 25BANK FEES 49 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Category Beginning of Year End of YearINVESTMENT IN MILFORD APTS LP 16,867 16,867 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Category Beginning of Year End of YearINVESTMENT IN MILFORD APTS, LP 768,411 802,822DUE TO MILFORD APTS, LP 100 125DUE TO MILFORD APTS INC 4,335 4,335 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | General explanation attachment |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Description of other expenses Part I line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Description of other assets Part II line 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Description of total liabilities Part II line 26 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL2 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd | 0 | 11 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 0 |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | false |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | ANTHONY SCALICI |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6072867330 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2023-11-14 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | MILFORD HOUSING DEVELOPMENT FUND CO |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | MILF |
| ReturnHeader/Filer/EIN | 0 | 223087615 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 50 W MAIN STREET |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Milford |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 13807 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 842299443 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Stephen M Cembrinski CPA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 84 Beaver Street |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Cooperstown |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 13326 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 5618470568 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2023-11-15 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Stephen M Cembrinski |
| ReturnHeader/PreparerPersonGrp/SelfEmployedInd | 0 | X |
| ReturnHeader/ReturnTs | 0 | 2023-11-15T19:22:59-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | ANTHONY |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | SCALICI |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2022-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2022-12-31 |
| ReturnHeader/TaxYr | 0 | 2022 |
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