Civic Intelligence

Milford Housing Development Fund Company Inc

990EZ • Fiscal year 2015 • EIN 22-3087615

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 15, 2016

Organization ProfileN/A
50 West Main Street PO Box 189Milford, NY 13807

(607) 286-7244

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

98th percentile

10.28x

Higher debt load relative to assets than 98% of similar nonprofits.

2015 filings • NTEE L • <$500k nonprofits • Source year 2015

Liabilities / Revenue

99th percentile

9463.06x

Higher debt load relative to revenue than 99% of similar nonprofits.

2015 filings • NTEE L • <$500k nonprofits • Source year 2015

Net Margin

1st percentile

-132947%

Higher net margin than 1% of similar nonprofits.

2015 filings • NTEE L • <$500k nonprofits • Source year 2015

Top Officer Pay

73rd percentile

$0

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • NTEE L • <$500k nonprofits • Source year 2015

Asset Growth

62nd percentile

0.0%

Faster asset growth than 62% of similar nonprofits.

2015 filings • NTEE L • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

71st percentile

11%

Faster revenue growth than 71% of similar nonprofits.

2015 filings • NTEE L • <$500k nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets98th percentile

Assets

Up

$45,103

Up $7 (+0.0%) from 2014

Net Assets

Down

-$418,587

Down $65,144 (-18%) from 2014

Liabilities

Up

$463,690

Up $65,151 (+16%) from 2014

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin1st percentile

Revenue

Up

$49

Up $5 (+11%) from 2014

Expenses

Up

$65,193

Up $42,139 (+183%) from 2014

Net Income

Down

-$65,144

Down $42,134 (-183%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth62nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0-$500K-$1.0MAssets 2011: $45,071Liabilities 2011: $162,577Net Assets 2011: -$117,5062011Assets 2012: $45,091Liabilities 2012: $278,111Net Assets 2012: -$233,0202012Assets 2013: $45,097Liabilities 2013: $375,530Net Assets 2013: -$330,4332013Assets 2014: $45,096Liabilities 2014: $398,539Net Assets 2014: -$353,4432014Assets 2015: $45,103Liabilities 2015: $463,690Net Assets 2015: -$418,5872015Assets 2016: $35,111Liabilities 2016: $484,6972016Assets 2017: $35,123Liabilities 2017: $532,8562017Assets 2018: $35,126Liabilities 2018: $646,101Net Assets 2018: -$610,9752018Assets 2019: $35,126Liabilities 2019: $698,891Net Assets 2019: -$663,7652019Assets 2020: $35,126Liabilities 2020: $741,909Net Assets 2020: -$706,7832020Assets 2021: $39,449Liabilities 2021: $772,985Net Assets 2021: -$733,5362021Assets 2022: $39,400Liabilities 2022: $807,282Net Assets 2022: -$767,8822022

Highlighted filing

2015

Assets$45,103
Liabilities$463,690
Net Assets-$418,587
Open 2015 Filing

Operations Trend

Revenue Growth71st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200K$100K$0-$100K-$200KRevenue 2011: $23Expenses 2011: $120,299Net Income 2011: -$120,2762011Revenue 2012: $10Expenses 2012: $115,534Net Income 2012: -$115,5242012Revenue 2013: $39Expenses 2013: $97,452Net Income 2013: -$97,4132013Revenue 2014: $44Expenses 2014: $23,054Net Income 2014: -$23,0102014Revenue 2015: $49Expenses 2015: $65,193Net Income 2015: -$65,1442015Revenue 2016: $49Expenses 2016: $31,048Net Income 2016: -$30,9992016Revenue 2017: $45Expenses 2017: $48,192Net Income 2017: -$48,1472017Revenue 2018: $32Expenses 2018: $113,274Net Income 2018: -$113,2422018Revenue 2019: $16Expenses 2019: $52,806Net Income 2019: -$52,7902019Revenue 2020: $17Expenses 2020: $43,035Net Income 2020: -$43,0182020Revenue 2021: $16Expenses 2021: $26,769Net Income 2021: -$26,7532021Revenue 2022: $10Expenses 2022: $34,495Net Income 2022: -$34,4852022

Highlighted filing

2015

Revenue$49
Expenses$65,193
Net Income-$65,144
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 15, 2016
Return Version
2015v2.1
Gross Receipts
$49
Mission and Program Overview

Mission

Delivery of clean and safe housing for low income people.

Program Services

DescriptionGrantsExpenses
DELIVERY OF CLEAN AND SAFE HOUSING FOR LOW INCOME PEOPLE.$0$65,193
Compensation and Service Providers
Top Officer Pay73rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
ANTHONY SCALICIPresident-$0--
GLORIA HENDRICKSSecretary-$0--
Filing and Contact Details

Filer

Filer Name
Milford Housing Development Fund Co
EIN
22-3087615
Phone
6072867244
Address
50 WEST MAIN STREET PO BOX 189, MILFORD, NY 13807

Signing Officer

Name
Anthony Scalici
Title
President
Phone
6072867244
Signed
2016-11-15
Discuss with paid preparer
Yes

Preparer

Firm
Efpr Group Cpas Pllc
Address
6390 MAIN STREET SUITE 200, WILLIAMSVILLE, NY 14221
Preparer
JOHN T O'BRIEN
Phone
7166340700
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

“Description: interest income. Amount: 42. Description: bank interest. Amount: 7. Total included on form 990-ez, line 4: 49.”

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: loss from investment in partnership. Amount: 65,193.”

Form 990-ez, Part II, Line 24 - Other Assets

“Description: investment in milford apartments, l.p.. Beg. Of year amount: 30,000. End of year amount: 30,000.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: loss on investment. Beg. Of year amount: 398,539. End of year amount: 463,690.”

Raw XML Appendix129 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/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0OTSEGO RURAL HOUSING ASSISTANCE
IRS990EZ/BooksInCareOfDetail/PhoneNum06072867244
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt050 WEST MAIN STREET PO BOX 189
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0MILFORD
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd013807
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt015096
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt015103
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt0-65144
IRS990EZ/FiledScheduleAInd01
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
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IRS990EZ/Form990TotalAssetsGrp/EOYAmt045103
IRS990EZ/GrossReceiptsAmt049
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/InvestmentIncomeAmt049
IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0-353443
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-418587
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0-353443
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-418587
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt02.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt12.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0ANTHONY SCALICI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1GLORIA HENDRICKS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1SECRETARY
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt030000
IRS990EZ/OtherAssetsTotalDetail/EOYAmt030000
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt065193
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0DELIVERY OF CLEAN AND SAFE HOUSING FOR LOW INCOME PEOPLE.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0DELIVERY OF CLEAN AND SAFE HOUSING FOR LOW INCOME PEOPLE.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt065193
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NY
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0398539
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0463690
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt065193
IRS990EZ/TotalProgramServiceExpensesAmt065193
IRS990EZ/TotalRevenueAmt049
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MILFORD 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, L.P., 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. ON AUGUST 10, 2010, MHDFC ACQUIRED A 98% OWNERSHIP INTEREST IN THE PROJECT AND IS ITS SOLE LIMITED PARTNER. ALTHOUGH MHDFC DOES NOT MEET ITS PUBLIC SUPPORT TEST FOR 2015, ITS INITIAL EXISTENCE WAS REQUIRED IN ORDER TO OBTAIN FUNDING ASSISTANCE FROM THE HTFC AND IT COULD STILL BE REQUIRED TO RELY UPON PUBLIC CHARITABLE SUPPORT IN FUTURE YEARS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, SECTION C, FACTS AND CIRCUMSTANCES TEST:
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt042
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt037
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt039
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt010
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt023
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0151
IRS990ScheduleA/PrivateFoundation170Ind0X
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/TotalSupportAmt0151
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST INCOME. AMOUNT: 42. DESCRIPTION: BANK INTEREST. AMOUNT: 7. TOTAL INCLUDED ON FORM 990-EZ, LINE 4: 49.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: LOSS FROM INVESTMENT IN PARTNERSHIP. AMOUNT: 65,193.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: INVESTMENT IN MILFORD APARTMENTS, L.P.. BEG. OF YEAR AMOUNT: 30,000. END OF YEAR AMOUNT: 30,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: LOSS ON INVESTMENT. BEG. OF YEAR AMOUNT: 398,539. END OF YEAR AMOUNT: 463,690.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ANTHONY SCALICI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06072867244
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MILFORD HOUSING DEVELOPMENT FUND CO
ReturnHeader/Filer/BusinessNameControlTxt0MILF
ReturnHeader/Filer/EIN0223087615
ReturnHeader/Filer/PhoneNum06072867244
ReturnHeader/Filer/USAddress/AddressLine1Txt050 WEST MAIN STREET PO BOX 189
ReturnHeader/Filer/USAddress/CityNm0MILFORD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd013807
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0474526160
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0EFPR GROUP CPAS PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06390 MAIN STREET SUITE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WILLIAMSVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd014221
ReturnHeader/PreparerPersonGrp/PhoneNum07166340700
ReturnHeader/PreparerPersonGrp/PreparationDt02016-11-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN T O'BRIEN
ReturnHeader/ReturnTs02016-11-15T14:06:58-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$45,103
Liabilities
$463,690
Net assets
-$418,587
Revenue
$49
Expenses
$65,193
Net income
-$65,144
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.39$8.07$7.68$0.00$0.34$0.34
2021Detailed filing. Detailed filing data is available for this year.$0.39$7.73$7.34$0.00$0.27$0.27
2020Detailed filing. Detailed filing data is available for this year.$0.35$7.42$7.07$0.00$0.43$0.43
2019Detailed filing. Detailed filing data is available for this year.$0.35$6.99$6.64$0.00$0.53$0.53
2018Detailed filing. Detailed filing data is available for this year.$0.35$6.46$6.11$0.00$1.13$1.13
2017Summary only. Only limited summary data is available for this year.$0.35$5.33$0.00$0.48$0.48
2016Summary only. Only limited summary data is available for this year.$0.35$4.85$0.00$0.31$0.31
2015Detailed filing. Detailed filing data is available for this year.$0.45$4.64$4.19$0.00$0.65$0.65
2014Detailed filing. Detailed filing data is available for this year.$0.45$3.99$3.53$0.00$0.23$0.23
2013Detailed filing. Detailed filing data is available for this year.$0.45$3.76$3.30$0.00$0.97$0.97
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.45$2.78$2.33$0.00$1.16$1.16
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.45$1.63$1.18$0.00$1.20$1.20