Civic Intelligence

Milford Housing Development Fund Company Inc

990EZ • Fiscal year 2018 • EIN 22-3087615

Jan 01, 2018 to Dec 31, 2018 • Filed on Jun 09, 2020

Organization ProfileN/A
50 W Main StreetMilford, NY 13807

(607) 286-7330

Siviq Scores

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

Liabilities / Assets

98th percentile

18.39x

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

2018 filings • NTEE L • <$500k nonprofits • Source year 2018

Liabilities / Revenue

100th percentile

20190.66x

Higher debt load relative to revenue than 100% of similar nonprofits.

2018 filings • NTEE L • <$500k nonprofits • Source year 2018

Net Margin

1st percentile

-353881%

Higher net margin than 1% of similar nonprofits.

2018 filings • NTEE L • <$500k nonprofits • Source year 2018

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2018 filings • NTEE L • <$500k nonprofits • Source year 2018

Asset Growth

60th percentile

0.0%

Faster asset growth than 60% of similar nonprofits.

2018 filings • NTEE L • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

21st percentile

-29%

Faster revenue growth than 21% of similar nonprofits.

2018 filings • NTEE L • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets98th percentile

Assets

Up

$35,126

Up $3 (+0.0%) from 2017

Net Assets

-$610,975

No earlier filing loaded for comparison.

Liabilities

Up

$646,101

Up $113,245 (+21%) from 2017

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin1st percentile

Revenue

Down

$32

Down $13 (-29%) from 2017

Expenses

Up

$113,274

Up $65,082 (+135%) from 2017

Net Income

Down

-$113,242

Down $65,095 (-135%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth60th 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

2018

Assets$35,126
Liabilities$646,101
Net Assets-$610,975
Open 2018 Filing

Operations Trend

Revenue Growth21st 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

2018

Revenue$32
Expenses$113,274
Net Income-$113,242
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jun 9, 2020
Return Version
2018v3.1
Gross Receipts
$32
Mission and Program Overview

Mission

Delivery of clean and safe housing for low income people.

Safe housing for low income individuals

Program Services

DescriptionGrantsExpenses
DELIVERY OF CLEAN AND SAFE HOUSING FOR LOW INCOME INDIVIDUALS-$113,249
Compensation and Service Providers
Top Officer Pay75th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
DENNIS KROPPPresident-$0--
ANTHONY SCALICIVptreasurer-$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
Dennis Kropp
Title
President
Phone
6072867330
Signed
2020-06-09
Discuss with paid preparer
No

Preparer

Firm
Stephen M Cembrinski CPA
Address
84 Beaver Street, Cooperstown, NY 13326
Preparer
Stephen Cembrinski
Phone
5618470568
Supplemental Narrative

Additional Explanations

Amended return information

“The entity received an amended k-1 after filing the original form 990-ez. The changes to the allocated loss affected part 1, line 16, other expenses, part iii line 28, and other liabilities all by $41,224.”

Description of other expenses Part I line 16

“Description AmountK-1 MILFORD APTS LP - ALLOC LOSS 113,249NYS CHARITIES BUREAU 25”

Description of other assets Part II line 24

“Category Beginning of Year End of YearDUE FROM MILFORD APTS, INC 20,000 35,126”

Description of total liabilities Part II line 26

“Category Beginning of Year End of YearINVESTMENT IN MILFORD APTS, LP 532,856 646,076DUE TO MILFORD APTS, LP 0 25”

Raw XML Appendix131 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/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/AmendedReturnInd0X
IRS990EZ/BooksInCareOfDetail/PersonNm0MILFORD APARTMENTS INC
IRS990EZ/BooksInCareOfDetail/PhoneNum06072867330
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt050 WEST MAIN STREET
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Milford
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd013807
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt015123
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt00
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-113242
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt035123
IRS990EZ/Form990TotalAssetsGrp/EOYAmt035126
IRS990EZ/GrossReceiptsAmt032
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt032
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0-497733
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-610975
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0-497733
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-610975
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/PersonNm0DENNIS KROPP
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1ANTHONY SCALICI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VPTREASURER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt020000
IRS990EZ/OtherAssetsTotalDetail/EOYAmt035126
IRS990EZ/OtherExpensesTotalAmt0113274
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0SAFE HOUSING FOR LOW INCOME INDIVIDUALS
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0DELIVERY OF CLEAN AND SAFE HOUSING FOR LOW INCOME INDIVIDUALS
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0113249
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NY
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0532856
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0646101
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0113274
IRS990EZ/TotalProgramServiceExpensesAmt0113249
IRS990EZ/TotalRevenueAmt032
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
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, 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.ON AUGUST 10, 2010, MHDFC AQUIRED A 99% OWNERSHIP INTEREST IN THE PROJECT AND IS ITS SOLE LIMITED PARTNER. ALTHOUGH MHDFC DOES NOT MEET ITS PUBLIC SUPPORT TEST FOR 2018, THE TRANSFER OF THE PROPERTY IN MILFORD TO A LIMITED PARTNERSHIP WAS REQUIRED BY THE HTFC TO SET UP PROJECT DEVELOPMENT, AND 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.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc010 Facts and Circumstances Test Part II line 17a or 17b
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt032
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt045
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt049
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt042
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt037
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0205
IRS990ScheduleA/PrivateFoundation170Ind0X
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/TotalSupportAmt0205
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ENTITY RECEIVED AN AMENDED K-1 AFTER FILING THE ORIGINAL FORM 990-EZ. THE CHANGES TO THE ALLOCATED LOSS AFFECTED PART 1, LINE 16, OTHER EXPENSES, PART III LINE 28, AND OTHER LIABILITIES ALL BY $41,224.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description AmountK-1 MILFORD APTS LP - ALLOC LOSS 113,249NYS CHARITIES BUREAU 25
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Category Beginning of Year End of YearDUE FROM MILFORD APTS, INC 20,000 35,126
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Category Beginning of Year End of YearINVESTMENT IN MILFORD APTS, LP 532,856 646,076DUE TO MILFORD APTS, LP 0 25
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Amended return information
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of other assets Part II line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Description of total liabilities Part II line 26
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0DENNIS KROPP
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06072867330
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-06-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MILFORD HOUSING DEVELOPMENT FUND CO
ReturnHeader/Filer/BusinessNameControlTxt0MILF
ReturnHeader/Filer/EIN0223087615
ReturnHeader/Filer/USAddress/AddressLine1Txt050 W MAIN STREET
ReturnHeader/Filer/USAddress/CityNm0Milford
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd013807
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DBD9762612B81159410A5952E9D323BED4A43E79
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0DBD9762612B81159410A5952E9D323BED4A43E79
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId01611562020180elmicck
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02020-06-28
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt069.207.195.186
ReturnHeader/FilingSecurityInformation/IPDt02020-06-28
ReturnHeader/FilingSecurityInformation/IPTm012:00:48
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0842299443
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Stephen M Cembrinski CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt084 Beaver Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Cooperstown
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd013326
ReturnHeader/PreparerPersonGrp/PhoneNum05618470568
ReturnHeader/PreparerPersonGrp/PreparationDt02020-06-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Stephen Cembrinski
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02020-06-28T08:53:12-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$35,126
Liabilities
$646,101
Net assets
-$610,975
Revenue
$32
Expenses
$113,274
Net income
-$113,242
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