Civic Intelligence

Mission First Housing Development Corporation

990 • Fiscal year 2016 • EIN 27-1824650

Jul 01, 2015 to Jun 30, 2016 • Filed on May 08, 2017

Organization ProfileWWW.MISSIONFIRSTHDC.ORG
1330 New Hampshire Ave NW No 116Washington, DC 20036-6350

(215) 557-8484

Siviq Scores

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

Liabilities / Assets

81st percentile

0.65x

Higher debt load relative to assets than 81% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

88th percentile

2.15x

Higher debt load relative to revenue than 88% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

17th percentile

-14%

Higher net margin than 17% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

93rd percentile

$438,373

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 15.1% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

81st percentile

17%

Faster asset growth than 81% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

26th percentile

-6.8%

Faster revenue growth than 26% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets81st percentile

Assets

Up

$9,588,560

Up $1,388,025 (+17%) from 2015

Net Assets

Down

$3,369,373

Down $414,788 (-11%) from 2015

Liabilities

Up

$6,219,187

Up $1,802,813 (+41%) from 2015

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin17th percentile

Revenue

Down

$2,894,486

Down $210,305 (-6.8%) from 2015

Expenses

Up

$3,309,274

Up $703,223 (+27%) from 2015

Net Income

Down

-$414,788

Down $913,528 (-183%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth81st percentile

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

$60M$40M$20M$0-$20MAssets 2011: $307,172Liabilities 2011: $682,603Net Assets 2011: -$375,4312011Assets 2012: $1,044,372Liabilities 2012: $1,382,578Net Assets 2012: -$338,2062012Assets 2013: $3,708,983Liabilities 2013: $1,196,669Net Assets 2013: $2,512,3142013Assets 2014: $5,897,145Liabilities 2014: $2,611,724Net Assets 2014: $3,285,4212014Assets 2015: $8,200,535Liabilities 2015: $4,416,374Net Assets 2015: $3,784,1612015Assets 2016: $9,588,560Liabilities 2016: $6,219,187Net Assets 2016: $3,369,3732016Assets 2017: $12,688,465Liabilities 2017: $7,859,955Net Assets 2017: $4,828,5102017Assets 2018: $23,665,397Liabilities 2018: $14,907,568Net Assets 2018: $8,757,8292018Assets 2020: $29,488,324Liabilities 2020: $13,990,644Net Assets 2020: $15,497,6802020Assets 2021: $36,635,688Liabilities 2021: $13,373,056Net Assets 2021: $23,262,6322021Assets 2022: $39,296,357Liabilities 2022: $12,630,547Net Assets 2022: $26,665,8102022Assets 2023: $52,975,449Liabilities 2023: $12,964,478Net Assets 2023: $40,010,9712023Assets 2024: $58,312,816Liabilities 2024: $12,228,508Net Assets 2024: $46,084,3082024

Highlighted filing

2016

Assets$9,588,560
Liabilities$6,219,187
Net Assets$3,369,373
Open 2016 Filing

Operations Trend

Revenue Growth26th percentile

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

$15M$10M$5.0M$0-$5.0MExpenses 2011: $581,8082011Expenses 2012: $906,5382012Expenses 2013: $1,031,6652013Revenue 2014: $3,056,551Expenses 2014: $2,283,444Net Income 2014: $773,1072014Revenue 2015: $3,104,791Expenses 2015: $2,606,051Net Income 2015: $498,7402015Revenue 2016: $2,894,486Expenses 2016: $3,309,274Net Income 2016: -$414,7882016Revenue 2017: $3,781,862Expenses 2017: $2,718,360Net Income 2017: $1,063,5022017Revenue 2018: $8,050,070Expenses 2018: $4,120,751Net Income 2018: $3,929,3192018Revenue 2020: $4,346,026Expenses 2020: $2,510,781Net Income 2020: $1,835,2452020Revenue 2021: $10,576,557Expenses 2021: $2,688,613Net Income 2021: $7,887,9442021Revenue 2022: $6,447,258Expenses 2022: $2,601,512Net Income 2022: $3,845,7462022Revenue 2023: $9,940,669Expenses 2023: $2,499,790Net Income 2023: $7,440,8792023Revenue 2024: $9,698,067Expenses 2024: $3,733,898Net Income 2024: $5,964,1692024

Highlighted filing

2016

Revenue$2,894,486
Expenses$3,309,274
Net Income-$414,788
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 8, 2017
Return Version
2015v3.0
Gross Receipts
$2,894,486
Mission and Program Overview

Mission

Mfhdc is a not-for-profit organization established for the purpose of developing affordable, safe and sustainable housing for people in need with a focus on the vulnerable. Development includes acquisition, rehabilitation, preservation and new construction across the mid-atlantic region.

Mfhdc is a not-for-profit organization established for the purpose of developing, acquiring and managing low-income permanent housing in the mid-atlantic region.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$5,105,969$5,069,373▼ $36,596
Savings and Temporary Cash Investments$39,900$484,751▲ $444,851
Prepaid Expenses and Deferred Charges$2,380$61,984▲ $59,604
Land, Buildings, and Equipment, Net$25,216$19,850▼ $5,366
Investments Other Securities$200$200→ $0
Total Assets$8,200,535$9,588,560▲ $1,388,025
Other Assets Total$3,026,870$3,952,402▲ $925,532
Liabilities
Other Liabilities$3,270,396$3,468,065▲ $197,669
Mortgage Notes Payable Secured by Investment Property$20,231$1,516,033▲ $1,495,802
Accounts Payable and Accrued Expenses$1,125,747$1,235,089▲ $109,342
Total Liabilities$4,416,374$6,219,187▲ $1,802,813
Net Assets / Fund Balance
Unrestricted Net Assets$3,544,161$3,104,762▼ $439,399
Temporarily Rstr Net Assets$240,000$264,611▲ $24,611
Total Net Assets Fund Balance$3,784,161$3,369,373▼ $414,788
Total Liabilities and Net Assets / Fund Balance$8,200,535$9,588,560▲ $1,388,025

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$15,650$7,253$22,903
Equipment$4,200$12,315$16,515
Other Assets Org$40,112--
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sarah ConstantManaging DirectorFT$194,287$45,830$240,117

Board Members and Trustees

NameTitle
Harry G DittmannChair
Walter KubiakPresident & CEO
Gina MuldrowVice Chair
Alfredo De La PenaVice President / COO
James KilcoyneBoard Member
Jamie Ray-leonettiBoard Member
Joel LawsonBoard Member
Joseph PurcellBoard Member
William KoonsBoard Member
Robert KwaitAssistant Secretary
Cecilia LooseAssistant Treasurer
Michael DavidsonSecretary
Mark DuffyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$294,177
Program Service Revenue
$2,517,076
Investment Income
$83,233
Other Revenue
$0
All Other Contributions
$1,677
Change in Net Assets
$-414,788

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,894,486
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,894,486
Total Revenue per Form 990
$2,894,486
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,753,634
Other Expenses$1,555,640
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,000,857$177,310-$1,178,167
Current Officers, Directors, Trustees, and Key Employees$156,605$43,523-$200,128
Other Employee Benefits$133,866$59,571-$193,437
Payroll Taxes$90,775$25,228-$116,003
Occupancy$68,097--$68,097
Pension Plan Contributions$45,605$20,294-$65,899
Office Expenses-$34,471-$34,471
Fees for Services Accounting-$29,560-$29,560
Conferences and Meetings-$16,860-$16,860
All Other Expenses$1,597$10,791-$12,388
Fees for Services Legal-$11,103-$11,103
Depreciation Depletion$7,918--$7,918
Other Expenses$1,079,636$7,083-$7,083
Travel-$3,236-$3,236
Fees for Services Other$1,574$310-$1,884
Interest$1,367--$1,367
Insurance$392--$392
Total Functional Expenses$2,588,289$720,985$0$3,309,274

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,309,274
Total Expenses per Audited Statements$3,309,274
Total Expenses per Form 990$3,309,274
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliated Entity$3,468,065
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“The form 990 is reviewed by the cfo and the board of directors.”

Form 990, Part VI, Section B, Line 12C

“Monitoring and enforcing compliance annual disclosure statements are reviewed.”

Form 990, Part VI, Section B, Line 15

“The organization engaged a consultant to review the top level of management against the market. The consultant provided a written report to the board of directors who reviewed the report in conjunction with current salary levels for the related positions.”

Form 990, Part VI, Section C, Line 19

“The organization provides its governing documents, conflict of interest policy, and financial statements available to the public upon request in either paper hardcopies or electronic copies. In addition, the organization submits its information to online sites such as guidestar and dun & bradstreet.”

Filing and Contact Details

Filer

Filer Name
Mission First Housing Development
EIN
27-1824650
Phone
2155578484
Address
1330 NEW HAMPSHIRE AVE NW NO 116, WASHINGTON, DC 20036-6350

Signing Officer

Name
Cecilia Loose
Title
CFO
Phone
2155578484
Signed
2017-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alfredo De La Pena
Formed
2010
Legal Domicile
Dc
Voting Board Members
9
Independent Board Members
9
Employees
7
Volunteers
9

Preparer

Firm
Mckonly & Asbury Llp
Address
415 FALLOWFIELD ROAD, CAMP HILL, PA 17011
Preparer
Gary J Dubas
Phone
7177617910
Supplemental Narrative

Additional Explanations

Part XII, Line 2C

“The process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“Mfhdc adheres to the provisions of asc 740, income taxes (asc 740). Asc 740 establishes rules for recognizing and measuring tax positions taken in an income tax return, including disclosures of uncertain tax positions (utps). Asc 740 mandates that companies evaluate all material income tax positions for periods that remain open under applicable statutes of limitation, as well as positions expected to be taken in future returns. The utp rules then impose a recognition threshold on each tax position. An organization can recognize an income tax benefit only if the position has a "more likely than not" (i.e., more than 50 percent) chance of being sustained on the technical merits. For the years ended june 30, 2016 and 2015, mfhdc has taken no material tax positions on its applicable tax filings that do not meet the "more likely than not" threshold. As a result, no amount for utps has been included in the financial statements. Management believes it is not subject to income tax examinations for years prior to 2013.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE CHAIR
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IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt9PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt10VICE PRESIDENT / COO
IRS990/Form990PartVIISectionAGrp/TitleTxt11ASSISTANT SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt12ASSISTANT TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt13MANAGING DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02010
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IRS990/FSAuditedInd01
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IRS990/GovernmentGrantsAmt0292500
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IRS990/GrantsToOrganizationsInd00
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IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt0392
IRS990/InsuranceGrp/TotalAmt0392
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IRS990/InterestGrp/TotalAmt01367
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt083233
IRS990/InvestmentInJointVentureInd01
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IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt019568
IRS990/LandBldgEquipBasisNetGrp/BOYAmt025216
IRS990/LandBldgEquipBasisNetGrp/EOYAmt019850
IRS990/LandBldgEquipCostOrOtherBssAmt039418
IRS990/LegalDomicileStateCd0DC
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0MFHDC IS A NOT-FOR-PROFIT ORGANIZATION ESTABLISHED FOR THE PURPOSE OF DEVELOPING, ACQUIRING AND MANAGING LOW-INCOME PERMANENT HOUSING IN THE MID-ATLANTIC REGION.
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IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt03369373
IRS990/NetUnrelatedBusTxblIncmAmt00
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IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt034471
IRS990/OfficeExpensesGrp/TotalAmt034471
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherAssetsTotalGrp/EOYAmt03952402
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt059571
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0133866
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0193437
IRS990/OtherExpensesGrp/Desc0DEVELOPMENT EXPENSES
IRS990/OtherExpensesGrp/Desc1ADMIN. EXPENSES
IRS990/OtherExpensesGrp/Desc2SUPPORT SERVICES
IRS990/OtherExpensesGrp/Desc3COMMUNICATIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0208145
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt173500
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt27083
IRS990/OtherExpensesGrp/ProgramServicesAmt01079636
IRS990/OtherExpensesGrp/TotalAmt01079636
IRS990/OtherExpensesGrp/TotalAmt1208145
IRS990/OtherExpensesGrp/TotalAmt273500
IRS990/OtherExpensesGrp/TotalAmt37083
IRS990/OtherLiabilitiesGrp/BOYAmt03270396
IRS990/OtherLiabilitiesGrp/EOYAmt03468065
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0177310
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01000857
IRS990/OtherSalariesAndWagesGrp/TotalAmt01178167
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt025228
IRS990/PayrollTaxesGrp/ProgramServicesAmt090775
IRS990/PayrollTaxesGrp/TotalAmt0116003
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt020294
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt045605
IRS990/PensionPlanContributionsGrp/TotalAmt065899
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02380
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt061984
IRS990/PrincipalOfficerNm0ALFREDO DE LA PENA
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/Desc0DEV. & CONSTRUCTION SERVICES
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02517076
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0240000
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt049716
IRS990/PYOtherExpensesAmt01218088
IRS990/PYOtherRevenueAmt02664
IRS990/PYProgramServiceRevenueAmt02812411
IRS990/PYRevenuesLessExpensesAmt0498740
IRS990/PYSalariesCompEmpBnftPaidAmt01387963
IRS990/PYTotalExpensesAmt02606051
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03104791
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-414788
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02517076
IRS990/SavingsAndTempCashInvstGrp/BOYAmt039900
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0484751
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0232536730
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt01260 HOUSING DEVELOPMENT CORPORATION
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt04200
IRS990ScheduleD/EquipmentGrp/DepreciationAmt012315
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt016515
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03309274
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02670495
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1977872
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2178185
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt361185
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt424553
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt540112
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM PARTNERSHIP
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1PREDEVELOPMENT COSTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESTRICTED DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3INTEREST RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4NET FINANCING COSTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5SUPPORTIVE SERVICE RESERVE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt015650
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt07253
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt022903
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03468065
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATED ENTITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02894486
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MFHDC ADHERES TO THE PROVISIONS OF ASC 740, INCOME TAXES (ASC 740). ASC 740 ESTABLISHES RULES FOR RECOGNIZING AND MEASURING TAX POSITIONS TAKEN IN AN INCOME TAX RETURN, INCLUDING DISCLOSURES OF UNCERTAIN TAX POSITIONS (UTPS). ASC 740 MANDATES THAT COMPANIES EVALUATE ALL MATERIAL INCOME TAX POSITIONS FOR PERIODS THAT REMAIN OPEN UNDER APPLICABLE STATUTES OF LIMITATION, AS WELL AS POSITIONS EXPECTED TO BE TAKEN IN FUTURE RETURNS. THE UTP RULES THEN IMPOSE A RECOGNITION THRESHOLD ON EACH TAX POSITION. AN ORGANIZATION CAN RECOGNIZE AN INCOME TAX BENEFIT ONLY IF THE POSITION HAS A "MORE LIKELY THAN NOT" (I.E., MORE THAN 50 PERCENT) CHANCE OF BEING SUSTAINED ON THE TECHNICAL MERITS. FOR THE YEARS ENDED JUNE 30, 2016 AND 2015, MFHDC HAS TAKEN NO MATERIAL TAX POSITIONS ON ITS APPLICABLE TAX FILINGS THAT DO NOT MEET THE "MORE LIKELY THAN NOT" THRESHOLD. AS A RESULT, NO AMOUNT FOR UTPS HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. MANAGEMENT BELIEVES IT IS NOT SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2013.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt019850
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03952402
IRS990ScheduleD/TotalExpensesPerForm990Amt03309274
IRS990ScheduleD/TotalLiabilityAmt03468065
IRS990ScheduleD/TotalRevenuePerForm990Amt02894486
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02894486
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03309274
IRS990ScheduleJ/AnyNonFixedPaymentsInd00

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,588,560
Liabilities
$6,219,187
Net assets
$3,369,373
Revenue
$2,894,486
Expenses
$3,309,274
Net income
-$414,788
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$58.3$12.2$46.1$9.70$3.73$5.96
2023Detailed filing. Detailed filing data is available for this year.$53.0$13.0$40.0$9.94$2.50$7.44
2022Detailed filing. Detailed filing data is available for this year.$39.3$12.6$26.7$6.45$2.60$3.85
2021Detailed filing. Detailed filing data is available for this year.$36.6$13.4$23.3$10.6$2.69$7.89
2020Detailed filing. Detailed filing data is available for this year.$29.5$14.0$15.5$4.35$2.51$1.84
2018Detailed filing. Detailed filing data is available for this year.$23.7$14.9$8.76$8.05$4.12$3.93
2017Detailed filing. Detailed filing data is available for this year.$12.7$7.86$4.83$3.78$2.72$1.06
2016Detailed filing. Detailed filing data is available for this year.$9.59$6.22$3.37$2.89$3.31$0.41
2015Detailed filing. Detailed filing data is available for this year.$8.20$4.42$3.78$3.10$2.61$0.50
2014Detailed filing. Detailed filing data is available for this year.$5.90$2.61$3.29$3.06$2.28$0.77
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.71$1.20$2.51$1.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.04$1.38$0.34$0.91
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.31$0.68$0.38$0.58