Civic Intelligence

Mission First Housing Development Corporation

990 • Fiscal year 2018 • EIN 27-1824650

Jul 01, 2017 to Jun 30, 2018 • Filed on Apr 30, 2019

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

0.63x

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

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

87th percentile

1.85x

Higher debt load relative to revenue than 87% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

90th percentile

49%

Higher net margin than 90% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

78th percentile

$290,169

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 3.6% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

96th percentile

87%

Faster asset growth than 96% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

94th percentile

113%

Faster revenue growth than 94% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets79th percentile

Assets

Up

$23,665,397

Up $10,976,932 (+87%) from 2017

Net Assets

Up

$8,757,829

Up $3,929,319 (+81%) from 2017

Liabilities

Up

$14,907,568

Up $7,047,613 (+90%) from 2017

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin90th percentile

Revenue

Up

$8,050,070

Up $4,268,208 (+113%) from 2017

Expenses

Up

$4,120,751

Up $1,402,391 (+52%) from 2017

Net Income

Up

$3,929,319

Up $2,865,817 (+269%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth96th 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

2018

Assets$23,665,397
Liabilities$14,907,568
Net Assets$8,757,829
Open 2018 Filing

Operations Trend

Revenue Growth94th 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

2018

Revenue$8,050,070
Expenses$4,120,751
Net Income$3,929,319
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Apr 30, 2019
Return Version
2017v2.3
Gross Receipts
$8,050,070
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$7,373,010$12,781,526▲ $5,408,516
Other Notes and Loans Receivable, Net-$4,647,030-
Investments Other Securities$200$1,770,435▲ $1,770,235
Savings and Temporary Cash Investments$1,139,634$104,640▼ $1,034,994
Prepaid Expenses and Deferred Charges$32,720$0▼ $32,720
Land, Buildings, and Equipment, Net$12,974$6,679▼ $6,295
Total Assets$12,688,465$23,665,397▲ $10,976,932
Other Assets Total$4,129,927$4,355,087▲ $225,160
Liabilities
Other Liabilities$4,505,246$11,645,078▲ $7,139,832
Accounts Payable and Accrued Expenses$1,741,007$1,714,091▼ $26,916
Mortgage Notes Payable Secured by Investment Property$1,511,452$1,548,399▲ $36,947
Deferred Revenue$102,250$0▼ $102,250
Total Liabilities$7,859,955$14,907,568▲ $7,047,613
Net Assets / Fund Balance
Unrestricted Net Assets$4,016,603$6,543,797▲ $2,527,194
Temporarily Rstr Net Assets$811,907$2,214,032▲ $1,402,125
Total Net Assets Fund Balance$4,828,510$8,757,829▲ $3,929,319
Total Liabilities and Net Assets / Fund Balance$12,688,465$23,665,397▲ $10,976,932

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$6,489$16,414$22,903
Equipment$190$16,325$16,515
Other Assets Org$32,696--
Closely Held Equity Interests$1,770,435--
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sarah ConstantManaging DirectorFT$224,672$38,039$262,711
Elizabeth Askew EverhartSenior Development ManagerFT$153,520$25,438$178,958

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$1,458,909
Program Service Revenue
$6,427,562
Investment Income
$163,599
Other Revenue
$0
All Other Contributions
$1,458,909
Change in Net Assets
$3,929,319
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,077,510
Other Expenses$2,043,241
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$947,100$290,405-$1,237,505
Current Officers, Directors, Trustees, and Key Employees$289,442$88,750-$378,192
Other Employee Benefits$230,493$34,554-$265,047
Payroll Taxes$92,504$28,724-$121,228
Interest$96,648--$96,648
Pension Plan Contributions$57,812$17,726-$75,538
Occupancy$66,792--$66,792
Fees for Services Legal-$34,161-$34,161
Fees for Services Accounting-$30,342-$30,342
Office Expenses-$26,736-$26,736
Depreciation Depletion$15,200--$15,200
All Other Expenses-$10,649-$10,649
Insurance$10,395--$10,395
Other Expenses$28,500$9,651-$9,651
Conferences and Meetings-$9,596-$9,596
Travel-$9,415-$9,415
Fees for Services Other-$650-$650
Advertising-$127-$127
Total Functional Expenses$3,298,144$822,607$0$4,120,751
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 Entities$9,820,459
Developer Fees Payable$1,807,815
Interest Payable$16,804
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
2019-04-30
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

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, 2018 and 2017, 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 2015.”

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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/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt9PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt10ASSISTANT SECRETARY, VICE
IRS990/Form990PartVIISectionAGrp/TitleTxt11ASSISTANT TREASURER, VICE
IRS990/Form990PartVIISectionAGrp/TitleTxt12MANAGING DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13SENIOR DEVELOPMENT MANAGER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02010
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt08050070
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt010395
IRS990/InsuranceGrp/TotalAmt010395
IRS990/InterestGrp/ProgramServicesAmt096648
IRS990/InterestGrp/TotalAmt096648
IRS990/InvestmentIncomeGrp/ExclusionAmt0163599
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0163599
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0200
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt01770435
IRS990/IRPDocumentCnt023
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt032739
IRS990/LandBldgEquipBasisNetGrp/BOYAmt012974
IRS990/LandBldgEquipBasisNetGrp/EOYAmt06679
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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01548399
IRS990/NetAssetsOrFundBalancesBOYAmt04828510
IRS990/NetAssetsOrFundBalancesEOYAmt08757829
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt066792
IRS990/OccupancyGrp/TotalAmt066792
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt026736
IRS990/OfficeExpensesGrp/TotalAmt026736
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04129927
IRS990/OtherAssetsTotalGrp/EOYAmt04355087
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt034554
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0230493
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0265047
IRS990/OtherExpensesGrp/Desc0DEVELOPMENT EXPENSES
IRS990/OtherExpensesGrp/Desc1ADMIN. EXPENSES
IRS990/OtherExpensesGrp/Desc2SUPPORT SERVICES
IRS990/OtherExpensesGrp/Desc3COMMUNICATIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0229766
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11355
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt29651
IRS990/OtherExpensesGrp/ProgramServicesAmt01463258
IRS990/OtherExpensesGrp/ProgramServicesAmt128500
IRS990/OtherExpensesGrp/TotalAmt01463258
IRS990/OtherExpensesGrp/TotalAmt1229766
IRS990/OtherExpensesGrp/TotalAmt229855
IRS990/OtherExpensesGrp/TotalAmt39651
IRS990/OtherLiabilitiesGrp/BOYAmt04505246
IRS990/OtherLiabilitiesGrp/EOYAmt011645078
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0290405
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0947100
IRS990/OtherSalariesAndWagesGrp/TotalAmt01237505
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt04647030
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt028724
IRS990/PayrollTaxesGrp/ProgramServicesAmt092504
IRS990/PayrollTaxesGrp/TotalAmt0121228
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt017726
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt057812
IRS990/PensionPlanContributionsGrp/TotalAmt075538
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt032720
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0ALFREDO DE LA PENA
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/Desc0DEV. & CONSTRUCTION SERVICES
IRS990/ProgramServiceRevenueGrp/Desc1CONSULTING SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06397562
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt130000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06397562
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt130000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0501874
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0100219
IRS990/PYOtherExpensesAmt0939753
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt03179769
IRS990/PYRevenuesLessExpensesAmt01063502
IRS990/PYSalariesCompEmpBnftPaidAmt01778607
IRS990/PYTotalExpensesAmt02718360
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03781862
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt03929319
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt06427562
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01139634
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0104640
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
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CloselyHeldEquityInterestsGrp/BookValueAmt01770435
IRS990ScheduleD/CloselyHeldEquityInterestsGrp/MethodValuationCd0C
IRS990ScheduleD/EquipmentGrp/BookValueAmt0190
IRS990ScheduleD/EquipmentGrp/DepreciationAmt016325
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt016515
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02652527
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11419534
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt235570
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3214760
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt432696
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM AFFILIATED ENTITIES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1PREDEVELOPMENT COSTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESTRICTED DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3INTEREST RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4SUPPORTIVE SERVICE RESERVE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt06489
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt016414
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt022903
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09820459
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11807815
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt216804
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATED ENTITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEVELOPER FEES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2INTEREST PAYABLE
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, 2018 AND 2017, 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 2015.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06679
IRS990ScheduleD/TotalBookValueOtherAssetsAmt04355087
IRS990ScheduleD/TotalBookValueSecuritiesAmt01770435
IRS990ScheduleD/TotalLiabilityAmt011645078
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$23,665,397
Liabilities
$14,907,568
Net assets
$8,757,829
Revenue
$8,050,070
Expenses
$4,120,751
Net income
$3,929,319
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