Civic Intelligence

Mht Housing Inc.

990 • Fiscal year 2020 • EIN 38-2957148

Apr 01, 2019 to Mar 31, 2020 • Filed on Feb 16, 2021

32600 Telegraph RoadBingham Farms, MI 48025

(248) 833-0550

Siviq Scores

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

Liabilities / Assets

6th percentile

0.00x

Higher debt load relative to assets than 6% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Liabilities / Revenue

6th percentile

0.02x

Higher debt load relative to revenue than 6% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Net Margin

89th percentile

43%

Higher net margin than 89% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Top Officer Pay

61st percentile

$419,886

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Asset Growth

55th percentile

8.0%

Faster asset growth than 55% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Revenue Growth

39th percentile

-1.2%

Faster revenue growth than 39% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Assets

Up

$73,787,741

Up $5,444,429 (+8.0%) from 2019

Net Assets

Up

$73,564,557

Up $5,911,815 (+8.7%) from 2019

Liabilities

Down

$223,184

Down $467,386 (-68%) from 2019

Revenue

Down

$14,675,706

Down $171,436 (-1.2%) from 2019

Expenses

Up

$8,432,994

Up $2,459,935 (+41%) from 2019

Net Income

Down

$6,242,712

Down $2,631,371 (-30%) from 2019

Historical Trend

Balance Sheet Trend

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

$300M$200M$100M$0Assets 2011: $60,388,765Liabilities 2011: $1,408,952Net Assets 2011: $58,979,8132011Assets 2012: $50,737,002Liabilities 2012: $1,310,863Net Assets 2012: $49,426,1392012Assets 2013: $53,695,968Liabilities 2013: $1,898,980Net Assets 2013: $51,796,9882013Assets 2014: $53,061,702Liabilities 2014: $1,770,021Net Assets 2014: $51,291,6812014Assets 2015: $52,138,866Liabilities 2015: $1,507,299Net Assets 2015: $50,631,5672015Assets 2016: $54,758,699Liabilities 2016: $1,341,868Net Assets 2016: $53,416,8312016Assets 2017: $57,195,606Liabilities 2017: $1,171,446Net Assets 2017: $56,024,1602017Assets 2018: $59,928,995Liabilities 2018: $1,150,336Net Assets 2018: $58,778,6592018Assets 2019: $68,343,312Liabilities 2019: $690,570Net Assets 2019: $67,652,7422019Assets 2020: $73,787,741Liabilities 2020: $223,184Net Assets 2020: $73,564,5572020Assets 2021: $87,782,689Liabilities 2021: $983,695Net Assets 2021: $86,798,9942021Assets 2022: $103,750,395Liabilities 2022: $6,784,815Net Assets 2022: $96,965,5802022Assets 2023: $244,276,493Liabilities 2023: $6,684,494Net Assets 2023: $237,591,9992023Assets 2024: $276,457,512Liabilities 2024: $6,511,482Net Assets 2024: $269,946,0302024

Highlighted filing

2020

Assets$73,787,741
Liabilities$223,184
Net Assets$73,564,557

Operations Trend

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

$100M$50M$0-$50MExpenses 2011: $6,736,0132011Expenses 2012: $12,870,8142012Expenses 2013: $3,809,4182013Revenue 2014: $3,349,802Expenses 2014: $3,855,109Net Income 2014: -$505,3072014Revenue 2015: $4,090,689Expenses 2015: $4,750,803Net Income 2015: -$660,1142015Revenue 2016: $5,703,669Expenses 2016: $2,918,405Net Income 2016: $2,785,2642016Revenue 2017: $8,149,355Expenses 2017: $5,542,026Net Income 2017: $2,607,3292017Revenue 2018: $8,225,711Expenses 2018: $5,471,213Net Income 2018: $2,754,4982018Revenue 2019: $14,847,142Expenses 2019: $5,973,059Net Income 2019: $8,874,0832019Revenue 2020: $14,675,706Expenses 2020: $8,432,994Net Income 2020: $6,242,7122020Revenue 2021: $23,804,045Expenses 2021: $10,652,804Net Income 2021: $13,151,2412021Revenue 2022: $19,352,676Expenses 2022: $9,177,260Net Income 2022: $10,175,4162022Revenue 2023: $99,423,284Expenses 2023: $9,891,797Net Income 2023: $89,531,4872023Revenue 2024: $44,928,033Expenses 2024: $12,247,861Net Income 2024: $32,680,1722024

Highlighted filing

2020

Revenue$14,675,706
Expenses$8,432,994
Net Income$6,242,712
Jump To
Filing Snapshot
Filing Period
Apr 1, 2019 to Mar 31, 2020
Signed
Feb 16, 2021
Return Version
2019v5.2
Gross Receipts
$14,739,807
Mission and Program Overview

Mission

To preserve and extend affordable housing in michigan through the acquisition and operation of multifamily residential real estate for low and very low income tenants.

Preservation of low income housing

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$53,198,803$51,609,839▼ $1,588,964
Cash and Non-Interest-Bearing Accounts$10,878,372$14,202,775▲ $3,324,403
Other Notes and Loans Receivable, Net$430,386$3,819,163▲ $3,388,777
Land, Buildings, and Equipment, Net$3,469,188$3,668,071▲ $198,883
Accounts Receivable$257,921$321,379▲ $63,458
Prepaid Expenses and Deferred Charges$108,642$166,514▲ $57,872
Total Assets$68,343,312$73,787,741▲ $5,444,429
Liabilities
Mortgage Notes Payable Secured by Investment Property$511,608$0▼ $511,608
Accounts Payable and Accrued Expenses$178,962$223,184▲ $44,222
Total Liabilities$690,570$223,184▼ $467,386
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$67,652,742$73,564,557▲ $5,911,815
Total Net Assets Fund Balance$67,652,742$73,564,557▲ $5,911,815
Total Liabilities and Net Assets / Fund Balance$68,343,312$73,787,741▲ $5,444,429

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,757,788$699,371$3,457,159
Equipment$281,917$520,070$801,987
Land$628,366-$628,366
Investment Program Related Org$8,713,317--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Timothy V FoxPresidentFT$298,762$121,124$419,886
Timothy a FoxChief Operating OfficerFT$246,042$80,728$326,770
Brian a GallaherChief Financial OfficerFT$202,065$77,377$279,442
Christopher BricExecutive Vice PresidentFT$175,909$49,293$225,202
William J ZarotnyDirector of Asset ManagemeFT$163,631$44,436$208,067
Donna McmillanDirector of Multifamily PrFT$147,320$37,393$184,713
Chad S JosephVice President of ConstrucFT$101,415$49,466$150,881

Board Members and Trustees

NameTitle
Gregory DemarsChairman
Christopher OsborneSecretary
Martha RichardsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$14,445,086
Investment Income
$69,445
Other Revenue
$161,175
Change in Net Assets
$6,242,712
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,520,512
Other Expenses$3,684,996
Grants and Similar Amounts Paid$227,486
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,476,562--$2,476,562
Current Officers, Directors, Trustees, and Key Employees$1,284,549--$1,284,549
Other Employee Benefits$426,186--$426,186
Office Expenses$353,858--$353,858
Travel$337,354--$337,354
Fees for Services Legal$273,064--$273,064
Grants to Domestic Orgs$227,486--$227,486
Payroll Taxes$211,826--$211,826
Occupancy$205,873--$205,873
Depreciation Depletion$164,957--$164,957
Pension Plan Contributions$121,389--$121,389
Other Expenses$65,370--$65,370
Information Technology$26,148--$26,148
Advertising$24,621--$24,621
Insurance$21,800--$21,800
Fees for Services Accounting$18,770--$18,770
Interest$3,276--$3,276
Total Functional Expenses$8,432,994$0$0$8,432,994
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Detroit Cristo Rey High SchoolDetroit, MI501(c)(3)Tuition and Other Assitance$65,000
Ascension St John FoundationGrosse Pointe Woods, MI501(c)(3)Foundation Donation$25,000
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Timothy v. Fox and timothy a. Fox are father and son.

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

A copy of form 990 was provided to the organization's governing body for review purposes prior to the filing of the return. The return is reviewed by brian gallaher, the chief financial officer, for completeness and accuracy.

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

All parties have signed off on conflict of interest policies and it is discussed at board meetings if there is any question.

Form 990, Part VI, Section B, Line 15

A professional compensation study is completed every 3 years and approved by the board.

Form 990, Part VI, Section C, Line 19

The organization's financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Mht Housing Inc
EIN
38-2957148
Phone
2488330550
Address
32600 TELEGRAPH ROAD, BINGHAM FARMS, MI 48025

Signing Officer

Name
Brian Gallaher
Title
Chief Financial Officer
Phone
2483520380
Signed
2021-02-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Timothy V Fox
Formed
1990
Legal Domicile
Mi
Voting Board Members
4
Independent Board Members
3
Employees
29
Volunteers
0

Preparer

Firm
Doeren Mayhew
Address
305 WEST BIG BEAVER ROAD, TROY, MI 48084
Preparer
Chris Tull CPA
Phone
2482443000
Supplemental Narrative

Additional Explanations

Form 990, Part X, Line 13

Section 168(h)(6)(f)(ii) election 9100 gratiot central commons mm, llc (manager, 9100 gratiot limited dividend housing association, llc) 32600 telegraph road bingham farms, mi 48025 e.i.n.: 82-2328620 form 4562: depreciation and amortization election under internal revenue code section 168(h)(6)(f)(ii) pursuant to temporary treasury regulation section 301.9100-7t, 9100 gratiot central commons mm, llc, a subsidiary of mht housing, inc., a(n) michigan not-for-profit organization, hereby elects under internal revenue code section 168(h)(6)(f)(ii): (i) not to be treated as a tax-exempt entity for purposes of internal revenue code sections 168(h)(5) and (6), and (ii) to treat any gain recognized by its tax-exempt parent on any disposition of an interest in it (and to treat any dividends or interest received or accrued by its tax-exempt parent from it) as unrelated business taxable income under code section 511.

Form 990, Part X, Line 13

Section 168(h)(6)(f)(ii) election newcourt court mht gp, inc. (manger, newman court apartments ii, ldha, llc) 32600 telegraph road bingham farms, mi 48025 e.i.n.: 82-0718917 form 4562: depreciation and amortization election under internal revenue code section 168(h)(6)(f)(ii) pursuant to temporary treasury regulation section 301.9100-7t, newman court partners, llc, a subsidiary of mht housing, inc., a(n) michigan not-for-profit organization, hereby elects under internal revenue code section 168(h)(6)(f)(ii): (i) not to be treated as a tax-exempt entity for purposes of internal revenue code sections 168(h)(5) and (6), and (ii) to treat any gain recognized by its tax-exempt parent on any disposition of an interest in it (and to treat any dividends or interest received or accrued by its tax-exempt parent from it) as unrelated business taxable income under code section 511.

Form 990, Part X, Line 13

Section 168(h)(6)(f)(ii) election mht properties 147, inc. (manager, pablo davis ii ldha, lp) 32600 telegraph road bingham farms, mi 48025 e.i.n.: 47-1384565 form 4562: depreciation and amortization election under internal revenue code section 168(h)(6)(f)(ii) pursuant to temporary treasury regulation section 301.9100-7t, mht properties 147, inc., a subsidiary of mht housing, inc., a(n) michigan not-for-profit organization, hereby elects under internal revenue code section 168(h)(6)(f)(ii): (i) not to be treated as a tax-exempt entity for purposes of internal revenue code sections 168(h)(5) and (6), and (ii) to treat any gain recognized by its tax-exempt parent on any disposition of an interest in it (and to treat any dividends or interest received or accrued by its tax-exempt parent from it) as unrelated business taxable income under code section 511.

Form 990, Part X, Line 13

Section 168(h)(6)(f)(ii) election dearborn mht gp, inc. (manager, deaborn town center senior limited dividend housing association, llc) 32600 telegraph road bingham farms, mi 48025 e.i.n.: 82-1011045 form 4562: depreciation and amortization election under internal revenue code section 168(h)(6)(f)(ii) pursuant to temporary treasury regulation section 301.9100-7t, dearborn mht gp, inc., a subsidiary of mht housing, inc., a(n) michigan not-for-profit organization, hereby elects under internal revenue code section 168(h)(6)(f)(ii): (i) not to be treated as a tax-exempt entity for purposes of internal revenue code sections 168(h)(5) and (6), and (ii) to treat any gain recognized by its tax-exempt parent on any disposition of an interest in it (and to treat any dividends or interest received or accrued by its tax-exempt parent from it) as unrelated business taxable income under code section 511.

Form 990, Part X, Line 13

Section 168(h)(6)(f)(ii) election parkview ii mht/limited dividend housing association, llc (manager, parkview mht group gp, inc.) 32600 telegraph road bingham farms, mi 48025 e.i.n.: 32-0588278 form 4562: depreciation and amortization election under internal revenue code section 168(h)(6)(f)(ii) pursuant to temporary treasury regulation section 301.9100-7t, parkview ii mht/limited dividend housing association, llc, a subsidiary of mht housing, inc., a(n) michigan not-for-profit organization, hereby elects under internal revenue code section 168(h)(6)(f)(ii): (i) not to be treated as a tax-exempt entity for purposes of internal revenue code sections 168(h)(5) and (6), and (ii) to treat any gain recognized by its tax-exempt parent on any disposition of an interest in it (and to treat any dividends or interest received or accrued by its tax-exempt parent from it) as unrelated business taxable income under code section 511.

Form 990, Part X, Line 13

Section 168(h)(6)(f)(ii) election aspen hills gp, inc. (manager, aspen hills ii/mht limited dividend housing association, llc) 32600 telegraph road bingham farms, mi 48025 e.i.n.: 36-4883838 form 4562: depreciation and amortization election under internal revenue code section 168(h)(6)(f)(ii) pursuant to temporary treasury regulation section 301.9100-7t, aspen hills gp, inc., a subsidiary of mht housing, inc., a(n) michigan not-for-profit organization, hereby elects under internal revenue code section 168(h)(6)(f)(ii): (i) not to be treated as a tax-exempt entity for purposes of internal revenue code sections 168(h)(5) and (6), and (ii) to treat any gain recognized by its tax-exempt parent on any disposition of an interest in it (and to treat any dividends or interest received or accrued by its tax-exempt parent from it) as unrelated business taxable income under code section 511.

Form 990, Part X, Line 13

Section 168(h)(6)(f)(ii) election ambrose ridge gp, inc. (manager, ambrose ridge ii/mht limited dividend housing association, llc) 32600 telegraph road bingham farms, mi 48025 e.i.n.: 81-3956304 form 4562: depreciation and amortization election under internal revenue code section 168(h)(6)(f)(ii) pursuant to temporary treasury regulation section 301.9100-7t, ambrose ridge gp, inc., a subsidiary of mht housing, inc., a(n) michigan not-for-profit organization, hereby elects under internal revenue code section 168(h)(6)(f)(ii): (i) not to be treated as a tax-exempt entity for purposes of internal revenue code sections 168(h)(5) and (6), and (ii) to treat any gain recognized by its tax-exempt parent on any disposition of an interest in it (and to treat any dividends or interest received or accrued by its tax-exempt parent from it) as unrelated business taxable income under code section 511.

Form 990, Part X, Line 13

Section 168(h)(6)(f)(ii) election colonial meadows gp, inc. (manager, colonial meadows ii/mht limited dividend housing association, llc) 32600 telegraph road bingham farms, mi 48025 e.i.n.: 84-3373941 form 4562: depreciation and amortization election under internal revenue code section 168(h)(6)(f)(ii) pursuant to temporary treasury regulation section 301.9100-7t, colonial meadows gp, inc., a subsidiary of mht housing, inc., a(n) michigan not-for-profit organization, hereby elects under internal revenue code section 168(h)(6)(f)(ii): (i) not to be treated as a tax-exempt entity for purposes of internal revenue code sections 168(h)(5) and (6), and (ii) to treat any gain recognized by its tax-exempt parent on any disposition of an interest in it (and to treat any dividends or interest received or accrued by its tax-exempt parent from it) as unrelated business taxable income under code section 511.

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IRS990/Form990PartVIISectionAGrp/PersonNm1TIMOTHY A FOX
IRS990/Form990PartVIISectionAGrp/PersonNm2BRIAN A GALLAHER
IRS990/Form990PartVIISectionAGrp/PersonNm3CHAD S JOSEPH
IRS990/Form990PartVIISectionAGrp/PersonNm4CHRISTOPHER BRIC
IRS990/Form990PartVIISectionAGrp/PersonNm5GREGORY DEMARS
IRS990/Form990PartVIISectionAGrp/PersonNm6MARTHA RICHARDSON
IRS990/Form990PartVIISectionAGrp/PersonNm7CHRISTOPHER OSBORNE
IRS990/Form990PartVIISectionAGrp/PersonNm8DONNA MCMILLAN
IRS990/Form990PartVIISectionAGrp/PersonNm9WILLIAM J ZAROTNY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0389887
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1311042
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2234702
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3122566
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt4190909
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8170947
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9165131
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHIEF OPERATING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDENT OF CONSTRUC
IRS990/Form990PartVIISectionAGrp/TitleTxt4EXECUTIVE VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt6TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt7SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR OF MULTIFAMILY PR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR OF ASSET MANAGEME
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01990
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-13440
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantAmt0227486
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0227486
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0227486
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt028500
IRS990/GrossReceiptsAmt014739807
IRS990/GrossRentsGrp/RealAmt0183336
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt010
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt026148
IRS990/InformationTechnologyGrp/TotalAmt026148
IRS990/InsuranceGrp/ProgramServicesAmt021800
IRS990/InsuranceGrp/TotalAmt021800
IRS990/InterestGrp/ProgramServicesAmt03276
IRS990/InterestGrp/TotalAmt03276
IRS990/InvestmentIncomeGrp/ExclusionAmt082885
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt082885
IRS990/InvestmentInJointVentureInd01
IRS990/InvestmentsProgramRelatedGrp/BOYAmt053198803
IRS990/InvestmentsProgramRelatedGrp/EOYAmt051609839
IRS990/IRPDocumentCnt011
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01219441
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03469188
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03668071
IRS990/LandBldgEquipCostOrOtherBssAmt04887512
IRS990/LegalDomicileStateCd0MI
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt041940
IRS990/LessRentalExpensesGrp/RealAmt022161
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PRESERVE AND EXTEND AFFORDABLE HOUSING IN MICHIGAN THROUGH THE ACQUISITION AND OPERATION OF MULTIFAMILY RESIDENTIAL REAL ESTATE FOR LOW AND VERY LOW INCOME TENANTS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0511608
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt067652742
IRS990/NetAssetsOrFundBalancesEOYAmt073564557
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-13440
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-13440
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0161175
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0161175
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt015042
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt067652742
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt073564557
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0205873
IRS990/OccupancyGrp/TotalAmt0205873
IRS990/OfficeExpensesGrp/ProgramServicesAmt0353858
IRS990/OfficeExpensesGrp/TotalAmt0353858
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0426186
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0426186
IRS990/OtherExpensesGrp/Desc0BAD DEBT
IRS990/OtherExpensesGrp/Desc1MAINTENANCE AND REPAIRS
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3ASSET MANAGEMENT FEES
IRS990/OtherExpensesGrp/ProgramServicesAmt01887261
IRS990/OtherExpensesGrp/ProgramServicesAmt1210189
IRS990/OtherExpensesGrp/ProgramServicesAmt292455
IRS990/OtherExpensesGrp/ProgramServicesAmt365370
IRS990/OtherExpensesGrp/TotalAmt01887261
IRS990/OtherExpensesGrp/TotalAmt1210189
IRS990/OtherExpensesGrp/TotalAmt292455
IRS990/OtherExpensesGrp/TotalAmt365370
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02476562
IRS990/OtherSalariesAndWagesGrp/TotalAmt02476562
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0430386
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt03819163
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt0211826
IRS990/PayrollTaxesGrp/TotalAmt0211826
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0121389
IRS990/PensionPlanContributionsGrp/TotalAmt0121389
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0108642
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0166514
IRS990/PrincipalOfficerNm0TIMOTHY V FOX
IRS990/PriorPeriodAdjustmentsAmt0-345939
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/BusinessCd2531390
IRS990/ProgramServiceRevenueGrp/BusinessCd3531390
IRS990/ProgramServiceRevenueGrp/BusinessCd4531390
IRS990/ProgramServiceRevenueGrp/Desc0INCOME FROM RELATED ORGANIZATION
IRS990/ProgramServiceRevenueGrp/Desc1DEVELOPER FEES
IRS990/ProgramServiceRevenueGrp/Desc2MANAGEMENT FEES
IRS990/ProgramServiceRevenueGrp/Desc3INTEREST - LOAN RECEIVABLE
IRS990/ProgramServiceRevenueGrp/Desc4PARTNERSHIP MANAGEMENT FEE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05505820
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt14590732
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt22447441
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt31466804
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4434289
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05505820
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt14590732
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22447441
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt31466804
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4434289
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01601012
IRS990/PYOtherRevenueAmt0166767
IRS990/PYProgramServiceRevenueAmt014680375
IRS990/PYRevenuesLessExpensesAmt08874083
IRS990/PYSalariesCompEmpBnftPaidAmt04372047
IRS990/PYTotalExpensesAmt05973059
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt014847142
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt06242712
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/RentalIncomeOrLossGrp/RealAmt0161175
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt014606261
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt0106005
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt0248500
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt0354505
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0586929
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0547106
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01134035
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt082885
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0106005
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0188890
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt014858422
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt012865984
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt06816186
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt07325158
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt05700850
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt047566600
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt082885
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0106005
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0188890
IRS990ScheduleA/InvestmentIncomeCYPct00.00390
IRS990ScheduleA/InvestmentIncomePYPct00.00280
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98890
IRS990ScheduleA/PublicSupportPY509Pct00.98790
IRS990ScheduleA/PublicSupportTotal509Amt048346130
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0106005
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0248500
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0354505
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt014858422
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt012865984
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt07403115
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt07872264
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt05700850
IRS990ScheduleA/Total509Grp/TotalAmt048700635
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt014941307
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt012865984
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt07403115
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt07978269
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt05700850
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt048889525
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02757788
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0699371
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03457159
IRS990ScheduleD/EquipmentGrp/BookValueAmt0281917
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0520070
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0801987
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0332712
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt145183810
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt2-2620000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt38713317
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENT IN SUBSIDIARY - MHT PROPERTIES XX
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1PROJECT COSTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2ALLOWANCE FOR DOUBTFUL ACCOUNTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3TRADE FEES RECEIVABLE - LONG-TERM
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/LandGrp/BookValueAmt0628366
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0628366
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03668071
IRS990ScheduleD/TotalBookValueProgramRltdAmt051609839
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt065000
IRS990ScheduleI/RecipientTable/CashGrantAmt125000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TUITION AND OTHER ASSITANCE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1FOUNDATION DONATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0DETROIT CRISTO REY HIGH SCHOOL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1ASCENSION ST JOHN FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientEIN0263176934
IRS990ScheduleI/RecipientTable/RecipientEIN1202961579
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt05679 VERNOR HIGHWAY
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt119251 MACK AVENUE SUITE 102
IRS990ScheduleI/RecipientTable/USAddress/CityNm0DETROIT
IRS990ScheduleI/RecipientTable/USAddress/CityNm1GROSSE POINTE WOODS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1MI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd048209
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd148326
IRS990ScheduleI/Total501c3OrgCnt02
IRS990ScheduleI/TotalOtherOrgCnt02
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$276$6.51$270$44.9$12.2$32.7
2023Summary only. Only limited summary data is available for this year.$244$6.68$238$99.4$9.89$89.5
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$104$6.78$97.0$19.4$9.18$10.2
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$87.8$0.98$86.8$23.8$10.7$13.2
2020Detailed filing. Detailed filing data is available for this year.$73.8$0.22$73.6$14.7$8.43$6.24
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$68.3$0.69$67.7$14.8$5.97$8.87
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$59.9$1.15$58.8$8.23$5.47$2.75
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$57.2$1.17$56.0$8.15$5.54$2.61
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$54.8$1.34$53.4$5.70$2.92$2.79
2015Detailed filing. Detailed filing data is available for this year.$52.1$1.51$50.6$4.09$4.75$0.66
2014Detailed filing. Detailed filing data is available for this year.$53.1$1.77$51.3$3.35$3.86$0.51
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$53.7$1.90$51.8$3.81
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$50.7$1.31$49.4$12.9
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$60.4$1.41$59.0$6.74