Civic Intelligence

Mhccc Housing Corp IIC

EIN 37-1415172 • 501(c)3 • Champaign, IL

Profile

Charitable and/or educational services to the elderly or disabled.

2302 Moreland BlvdChampaign, IL 61822

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

52nd percentile

0.02x

Higher debt load relative to assets than 52% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

80th percentile

0.26x

Higher debt load relative to revenue than 80% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

8th percentile

-48%

Higher net margin than 8% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

33rd percentile

-2.7%

Faster asset growth than 33% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

26th percentile

-8.4%

Faster revenue growth than 26% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Down

$926,972

Down $25,613 (-2.7%) from 2020

Liabilities

Up

$19,195

Up $9,789 (+104%) from 2020

Net Assets

Down

$907,777

Down $35,402 (-3.8%) from 2020

Revenue

Down

$74,392

Down $6,863 (-8.4%) from 2020

Expenses

Down

$109,794

Down $999 (-0.9%) from 2020

Net Income

Down

-$35,402

Down $5,864 (-20%) from 2020

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2011: $1,157,619Liabilities 2011: $30,183Net Assets 2011: $1,127,4362011Assets 2013: $1,142,997Liabilities 2013: $12,548Net Assets 2013: $1,130,4492013Assets 2014: $1,201,512Liabilities 2014: $74,475Net Assets 2014: $1,127,0372014Assets 2016: $1,067,607Liabilities 2016: $6,722Net Assets 2016: $1,060,8852016Assets 2017: $1,054,311Liabilities 2017: $6,541Net Assets 2017: $1,047,7702017Assets 2018: $1,017,157Liabilities 2018: $6,992Net Assets 2018: $1,010,1652018Assets 2020: $952,585Liabilities 2020: $9,406Net Assets 2020: $943,1792020Assets 2021: $926,972Liabilities 2021: $19,195Net Assets 2021: $907,7772021

Highlighted filing

2021

Assets$926,972
Liabilities$19,195
Net Assets$907,777

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0-$50KExpenses 2011: $96,9832011Expenses 2013: $95,9172013Revenue 2014: $88,309Expenses 2014: $91,721Net Income 2014: -$3,4122014Revenue 2016: $83,652Expenses 2016: $125,064Net Income 2016: -$41,4122016Revenue 2017: $83,797Expenses 2017: $96,912Net Income 2017: -$13,1152017Revenue 2018: $91,096Expenses 2018: $128,701Net Income 2018: -$37,6052018Revenue 2020: $81,255Expenses 2020: $110,793Net Income 2020: -$29,5382020Revenue 2021: $74,392Expenses 2021: $109,794Net Income 2021: -$35,4022021

Highlighted filing

2021

Revenue$74,392
Expenses$109,794
Net Income-$35,402

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Feb 18, 2022
Return Version
2020v4.2
Gross Receipts
$74,392
Mission and Program Overview

Mission

charitable and/or educational services to the elderly or disabled.

To provide housing facilities and services to low income individuals with mental illness.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$828,657$793,173▼ $35,484
Cash and Non-Interest-Bearing Accounts$1,395$820▼ $575
Accounts Receivable-$488-
Prepaid Expenses and Deferred Charges$77$0▼ $77
Total Assets$952,585$926,972▼ $25,613
Other Assets Total$122,456$132,491▲ $10,035
Liabilities
Accounts Payable and Accrued Expenses$5,756$14,071▲ $8,315
Other Liabilities$3,560$5,124▲ $1,564
Deferred Revenue$90$0▼ $90
Total Liabilities$9,406$19,195▲ $9,789
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$943,179$907,777▼ $35,402
Total Net Assets Fund Balance$943,179$907,777▼ $35,402
Total Liabilities and Net Assets / Fund Balance$952,585$926,972▼ $25,613

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$703,929$579,879$1,283,808
Land$88,464-$88,464
Equipment$780$19,892$20,672
Other Assets Org$3,250--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Barry AckersonPresident
Alexander Ruggieri JrDirector
David W GomelDirector
Jay RamshawDirector
Kelly EppersonDirector
Philip W Eaton Through 122020Director
John SchusterTreasurer/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$73,601
Investment Income
$12
Other Revenue
$779
Change in Net Assets
$-35,402

Audited Revenue Reconciliation

Revenue per Audited Statements
$74,392
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$74,392
Total Revenue per Form 990
$74,392
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$108,886
Salaries, Compensation, and Employee Benefits$908
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$35,484--$35,484
Occupancy$26,540--$26,540
Fees for Services Accounting-$10,078-$10,078
Fees for Services Management-$6,864-$6,864
Office Expenses-$4,403-$4,403
Insurance$4,232--$4,232
Other Salaries and Wages-$908-$908
Other Expenses$289$232-$521
All Other Expenses$119--$119
Total Functional Expenses$87,309$22,485$0$109,794

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$109,794
Total Expenses per Audited Statements$109,794
Total Expenses per Form 990$109,794
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
Tenant Security Deposits$2,785
Accrued Management Fee Payable$2,339
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7B

There are some capital expenditures which require hud approval.

Form 990, Part VI, Section B, Line 11B

The form 990 will be emailed to the board members to review for any questions or changes before the return is filed.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Mhccc Housing Corp Iic
EIN
37-1415172
Phone
2173988080
Address
2302 MORELAND BLVD, CHAMPAIGN, IL 61822

Signing Officer

Name
John Schuster
Title
Senior VP and CFO
Phone
2173988080
Signed
2022-02-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Gomel
Formed
2001
Legal Domicile
Il
Voting Board Members
6
Independent Board Members
3
Employees
0
Volunteers
6

Preparer

Firm
Baker Tilly US Llp
Address
777 E WISCONSIN AVENUE 32ND FLOOR, MILWAUKEE, WI 53202
Preparer
Troy Marine CPA
Phone
4147775500
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

No changes have been made in the process from the prior year.

Financial Statement Notes

PART X, LINE 2:

The project have received notification that they qualify as tax-exempt organizations under section 501(c)(3) of the u.s. Internal revenue code and corresponding provisions of state law and accordingly, is not subject to federal or state income taxes. However, any unrelated business income may be subject to taxation.

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IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0776
IRS990ScheduleA/OtherIncome509Grp/TotalAmt04462
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.77620
IRS990ScheduleA/PublicSupportPY509Pct00.80210
IRS990ScheduleA/PublicSupportTotal509Amt0327220
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt021913
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt014714
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt020145
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt020023
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt013012
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt089807
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt021913
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt014714
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt020145
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt020023
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt013012
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt089807
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt073601
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt080246
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt090145
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt090023
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt083012
IRS990ScheduleA/Total509Grp/TotalAmt0417027
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt074392
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt081255
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt091003
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt091096
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt083797
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0421543
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0703929
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0579879
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01283808
IRS990ScheduleD/EquipmentGrp/BookValueAmt0780
IRS990ScheduleD/EquipmentGrp/DepreciationAmt019892
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt020672
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0109794
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt088464
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt088464
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03795
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1122661
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt22785
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt33250
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0INSURANCE RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANT SECURITY DEPOSITS HELD IN TRUST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02785
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12339
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED MANAGEMENT FEE PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt074392
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE PROJECT HAVE RECEIVED NOTIFICATION THAT THEY QUALIFY AS TAX-EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE AND CORRESPONDING PROVISIONS OF STATE LAW AND ACCORDINGLY, IS NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES. HOWEVER, ANY UNRELATED BUSINESS INCOME MAY BE SUBJECT TO TAXATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0793173
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0132491
IRS990ScheduleD/TotalExpensesPerForm990Amt0109794
IRS990ScheduleD/TotalLiabilityAmt05124
IRS990ScheduleD/TotalRevenuePerForm990Amt074392
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt074392
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0109794
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt0299500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt1121000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt2110000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt338000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0410282
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1315595
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2195378
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt3127454
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt027596
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt120107
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt212974
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt39562
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt017246
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt122616
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt218098
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt317083

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