Civic Intelligence

Mission First Housing Development Corporation

990 • Fiscal year 2017 • EIN 27-1824650

Jul 01, 2016 to Jun 30, 2017 • Filed on May 09, 2018

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

79th percentile

0.62x

Higher debt load relative to assets than 79% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

88th percentile

2.08x

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

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

83rd percentile

28%

Higher net margin than 83% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

88th percentile

$414,686

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 11.0% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

90th percentile

32%

Faster asset growth than 90% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

82nd percentile

31%

Faster revenue growth than 82% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets79th percentile

Assets

Up

$12,688,465

Up $3,099,905 (+32%) from 2016

Net Assets

Up

$4,828,510

Up $1,459,137 (+43%) from 2016

Liabilities

Up

$7,859,955

Up $1,640,768 (+26%) from 2016

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin83rd percentile

Revenue

Up

$3,781,862

Up $887,376 (+31%) from 2016

Expenses

Down

$2,718,360

Down $590,914 (-18%) from 2016

Net Income

Up

$1,063,502

Up $1,478,290 (+356%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth90th 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

2017

Assets$12,688,465
Liabilities$7,859,955
Net Assets$4,828,510
Open 2017 Filing

Operations Trend

Revenue Growth82nd 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

2017

Revenue$3,781,862
Expenses$2,718,360
Net Income$1,063,502
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 9, 2018
Return Version
2016v3.0
Gross Receipts
$3,781,862
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$5,069,373$7,373,010▲ $2,303,637
Savings and Temporary Cash Investments$484,751$1,139,634▲ $654,883
Prepaid Expenses and Deferred Charges$61,984$32,720▼ $29,264
Land, Buildings, and Equipment, Net$19,850$12,974▼ $6,876
Investments Other Securities$200$200→ $0
Total Assets$9,588,560$12,688,465▲ $3,099,905
Other Assets Total$3,952,402$4,129,927▲ $177,525
Liabilities
Other Liabilities$3,468,065$4,505,246▲ $1,037,181
Accounts Payable and Accrued Expenses$1,235,089$1,741,007▲ $505,918
Mortgage Notes Payable Secured by Investment Property$1,516,033$1,511,452▼ $4,581
Deferred Revenue-$102,250-
Total Liabilities$6,219,187$7,859,955▲ $1,640,768
Net Assets / Fund Balance
Unrestricted Net Assets$3,104,762$4,016,603▲ $911,841
Temporarily Rstr Net Assets$264,611$811,907▲ $547,296
Total Net Assets Fund Balance$3,369,373$4,828,510▲ $1,459,137
Total Liabilities and Net Assets / Fund Balance$9,588,560$12,688,465▲ $3,099,905

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$11,070$11,833$22,903
Equipment$1,904$14,611$16,515
Other Assets Org$40,049--
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sarah ConstantManaging DirectorFT$219,509$30,609$250,118
Elizabeth Askew EverhartSenior Development ManagerFT$151,760$21,299$173,059
Donna CreedonProject ManagerFT$131,169$22,042$153,211

Board Members and Trustees

NameTitle
Harry G DittmannChair
Walter KubiakFormer President
Alfredo De La PenaPresident & CEO
Gina MuldrowVice Chair
Robert KwaitAssistant Secretary, Vice President
Cecilia LooseAssistant Treasurer, Vice President
James KilcoyneBoard Member
Joel LawsonBoard Member
Russel JohnsonBoard Member
Shannon ScottBoard Member
Michael DavidsonSecretary
Mark DuffyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$501,874
Program Service Revenue
$3,179,769
Investment Income
$100,219
Other Revenue
$0
All Other Contributions
$501,874
Change in Net Assets
$1,063,502

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,781,862
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,781,862
Total Revenue per Form 990
$3,781,862
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,778,607
Other Expenses$939,753
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$763,550$168,000-$931,550
Current Officers, Directors, Trustees, and Key Employees$411,826$90,612-$502,438
Other Employee Benefits$132,107$57,622-$189,729
Payroll Taxes$79,979$17,598-$97,577
Interest$86,406--$86,406
Occupancy$63,054--$63,054
Pension Plan Contributions$39,907$17,406-$57,313
Fees for Services Accounting-$28,490-$28,490
All Other Expenses$631$27,478-$28,109
Other Expenses$432,542$23,000-$23,000
Depreciation Depletion$15,780--$15,780
Office Expenses-$14,493-$14,493
Conferences and Meetings-$10,252-$10,252
Fees for Services Legal-$5,188-$5,188
Travel-$3,384-$3,384
Fees for Services Other-$385-$385
Insurance$306--$306
Total Functional Expenses$2,026,088$692,272$0$2,718,360

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,718,360
Total Expenses per Audited Statements$2,718,360
Total Expenses per Form 990$2,718,360
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$4,505,246
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 11B

“The review of the 990 is overseen by operating management 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's policy is that the ceo, is formally reviewed by the board of directors on an annual basis. At this time, they also discuss salary and benefits for the coming year. The ceo then reviews all directors on an annual basis. The organization provides written job descriptions. During the review process, there is a formal review form which is signed by all parties. Salary and benefits are decided by industry comparability. The organization engages a consultant to review upper level management positions in terms of salary as compared to like/similar positions in the market to determine fair and equitable compensation packages.”

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
2018-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alfredo De La Pena
Formed
2010
Legal Domicile
Dc
Voting Board Members
8
Independent Board Members
8
Employees
7
Volunteers
8

Preparer

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

Additional Explanations

FORM 990, PART XI, LINE 9:

“Prior period adjustment 395,635.”

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, 2017 and 2016, 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 2014.”

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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/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt9ASSISTANT SECRETARY, VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt10ASSISTANT TREASURER, VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt11MANAGING DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12SENIOR DEVELOPMENT MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt13PROJECT MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt14FORMER PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02010
IRS990/FormerOfcrEmployeesListedInd01
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IRS990/FSAuditedInd01
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IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/IndoorTanningServicesInd00
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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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
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IRS990/OccupancyGrp/TotalAmt063054
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IRS990/OfficeExpensesGrp/TotalAmt014493
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherAssetsTotalGrp/EOYAmt04129927
IRS990/OtherChangesInNetAssetsAmt0395635
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt057622
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0132107
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0189729
IRS990/OtherExpensesGrp/Desc0DEVELOPMENT EXPENSES
IRS990/OtherExpensesGrp/Desc1ADMIN. EXPENSES
IRS990/OtherExpensesGrp/Desc2SUPPORT SERVICES
IRS990/OtherExpensesGrp/Desc3EMPLOYMENT PLACEMENT
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt128500
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt223000
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IRS990/OtherExpensesGrp/TotalAmt0432542
IRS990/OtherExpensesGrp/TotalAmt1199864
IRS990/OtherExpensesGrp/TotalAmt228500
IRS990/OtherExpensesGrp/TotalAmt323000
IRS990/OtherLiabilitiesGrp/BOYAmt03468065
IRS990/OtherLiabilitiesGrp/EOYAmt04505246
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0168000
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0763550
IRS990/OtherSalariesAndWagesGrp/TotalAmt0931550
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt017598
IRS990/PayrollTaxesGrp/ProgramServicesAmt079979
IRS990/PayrollTaxesGrp/TotalAmt097577
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt017406
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt039907
IRS990/PensionPlanContributionsGrp/TotalAmt057313
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt061984
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt032720
IRS990/PrincipalOfficerNm0ALFREDO DE LA PENA
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/Desc0DEV. & CONSTRUCTION SERVICES
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03179769
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0294177
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt083233
IRS990/PYOtherExpensesAmt01555640
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt02517076
IRS990/PYRevenuesLessExpensesAmt0-414788
IRS990/PYSalariesCompEmpBnftPaidAmt01753634
IRS990/PYTotalExpensesAmt03309274
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02894486
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01063502
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03179769
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0484751
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01139634
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/BookValueAmt01904
IRS990ScheduleD/EquipmentGrp/DepreciationAmt014611
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt016515
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02718360
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03449786
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1474685
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt235497
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3112914
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt416996
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt540049
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/BookValueAmt011070
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt011833
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt022903
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04505246
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATED ENTITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03781862
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, 2017 AND 2016, 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 2014.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt012974
IRS990ScheduleD/TotalBookValueOtherAssetsAmt04129927
IRS990ScheduleD/TotalExpensesPerForm990Amt02718360
IRS990ScheduleD/TotalLiabilityAmt04505246

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$12,688,465
Liabilities
$7,859,955
Net assets
$4,828,510
Revenue
$3,781,862
Expenses
$2,718,360
Net income
$1,063,502
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