Liabilities / Assets
87th percentile
Higher debt load relative to assets than 87% of similar nonprofits.
The Millennium Housing Foundation Inc
990 • Fiscal year 2016 • EIN 39-1904367
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.84x
Liabilities / Revenue
91st percentile
Higher debt load relative to revenue than 91% of similar nonprofits.
Net Margin
87th percentile
Higher net margin than 87% of similar nonprofits.
Top Officer Pay
12th percentile
Higher top officer pay than 12% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
11th percentile
Faster asset growth than 11% of similar nonprofits.
Revenue Growth
87th percentile
Faster revenue growth than 87% of similar nonprofits.
Balance Sheet
Assets
Down$23,675,929
Down $2,046,346 (-8.0%) from 2015
Net Assets
Down$3,711,167
Down $1,612,394 (-30%) from 2015
Liabilities
Down$19,964,762
Down $433,952 (-2.1%) from 2015
Revenue And Expenses
Revenue
Up$6,106,556
Up $1,512,101 (+33%) from 2015
Expenses
Down$4,161,095
Down $1,399,633 (-25%) from 2015
Net Income
Up$1,945,461
Up $2,911,734 (+301%) from 2015
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Oct 1, 2015 to Sep 30, 2016
- Signed
- May 10, 2017
- Return Version
- 2015v3.0
- Gross Receipts
- $6,796,213
Mission and Program Overview
Mission
The organization was formed for the purpose of preserving and developing decent, safe and affordable housing. The organization fulfills its mission through acquisition, rehabilitation and new development in urban and rural areas located in southeastern wisconsin. The tenants that are served by the organization's projects are low-income and/or disabled persons. Some projects offer a meal program and nursing services while most projects offer social activities for all tenants.
Millennium housing foundation, inc. Is organized under chapter 181 for the purpose of developing, preserving and providing affordable housing for disabled and low-income persons.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $17,375,382 | $15,877,966 | ▼ $1,497,416 |
| Cash and Non-Interest-Bearing Accounts | $3,066,202 | $2,258,514 | ▼ $807,688 |
| Investments Program Related | $687,880 | $687,869 | ▼ $11 |
| Intangible Assets | $391,894 | $366,675 | ▼ $25,219 |
| Accounts Receivable | $382,100 | $358,896 | ▼ $23,204 |
| Prepaid Expenses and Deferred Charges | $58,321 | $118,338 | ▲ $60,017 |
| Total Assets | $25,722,275 | $23,675,929 | ▼ $2,046,346 |
| Other Assets Total | $3,760,496 | $4,007,671 | ▲ $247,175 |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | $19,918,712 | $19,506,506 | ▼ $412,206 |
| Accounts Payable and Accrued Expenses | $337,694 | $266,354 | ▼ $71,340 |
| Other Liabilities | $137,480 | $180,975 | ▲ $43,495 |
| Deferred Revenue | $4,828 | $10,927 | ▲ $6,099 |
| Total Liabilities | $20,398,714 | $19,964,762 | ▼ $433,952 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $5,323,561 | $3,711,167 | ▼ $1,612,394 |
| Total Net Assets Fund Balance | $5,323,561 | $3,711,167 | ▼ $1,612,394 |
| Total Liabilities and Net Assets / Fund Balance | $25,722,275 | $23,675,929 | ▼ $2,046,346 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $13,644,056 | $10,694,673 | $24,338,729 |
| Land | $1,859,743 | - | $1,859,743 |
| Equipment | $145,038 | $1,372,456 | $1,517,494 |
| Leasehold Improvements | $229,129 | $164,748 | $393,877 |
| Other Assets Org | $89,871 | - | - |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Thomas Van Vleet | Director/president |
| Ken Smith | Director |
| Mark Adams | Director |
| John Constantine | Director/secretary |
| Jack Ahrens | Director/VP/treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $2,911,475
- Program Service Revenue
- $3,593,133
- Investment Income
- $-405,382
- Other Revenue
- $7,330
- Change in Net Assets
- $1,945,461
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $6,106,556
- Revenue Not Reported on Financial Statements
- $0
- Revenue Not Reported on Form 990
- $1,727,417
- Total Revenue per Audited Statements
- $7,833,973
- Total Revenue per Form 990
- $6,106,556
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $4,161,095 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Occupancy | $1,828,879 | - | - | $1,828,879 |
| Depreciation Depletion | $1,008,884 | - | - | $1,008,884 |
| Fees for Services Management | $337,657 | - | - | $337,657 |
| Office Expenses | $24,898 | $148,679 | - | $173,577 |
| Fees for Services Accounting | - | $139,243 | - | $139,243 |
| Fees for Services Legal | - | $58,290 | - | $58,290 |
| Other Expenses | $24,440 | - | - | $24,440 |
| Interest | $4,286 | - | - | $4,286 |
| Conferences and Meetings | - | $1,025 | - | $1,025 |
| Total Functional Expenses | $3,813,858 | $347,237 | $0 | $4,161,095 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $7,017,275 |
| Total Expenses per Form 990 | $4,161,095 |
| Expenses per Audited Statements | $4,131,646 |
| Expenses Not Reported on Form 990 | $2,885,629 |
| Expenses Not Reported on Financial Statements | $29,449 |
| Other Expense Adjustments | $29,449 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| 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
| Liability | Amount |
|---|---|
| Security Deposits | $120,470 |
| Misc. Other Liabilities | $60,505 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Audit committee
- 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
- No
- Key decisions subject to board approval
- No
- Management duties delegated
- Yes
Governance Explanations
Form 990, Part VI, Section A, Line 3
“Delegate control over management duties: the organization entered into a property management agreement with professional property management, llc which is a related entity.”
Form 990, Part VI, Section A, Line 6
“The corporation shall have one member. Affordable housing development fund, inc. Is the sole member as of august 3, 2015”
Form 990, Part VI, Section B, Line 11
“Process used by organization to review form 990: the corporate president reviews the draft of the tax return and upon their approval the board of directors are forwarded a copy of the tax return via email or us mail before the filing of the final tax return. If no comments are received from the board of directors within a specified amount of time (may change based on timing of filing requirements, but typically a week) the acccounting firm completing the tax return will file the return by mail or electronic format.”
Form 990, Part VI, Section B, Line 12C
“Monitor & enforce compliance with the written conflict of interest policy: each year at the organization's annual meeting, or in any case prior to the filing of the form 990, a conflict of interest disclosure form is completed by each board member or officer. Should a disclosure reveal a conflict, the board of directors will follow the procedures set forth in paragraph four of the policy. The board will take action either at a meeting of the board (this could be done by telephone) or by consent resolution to document compliance with the procedure.”
Form 990, Part VI, Section B, Line 15
“Review and approval process for determination of compensation: a board member engages a cpa firm to provide compensation data for qualified persons in functionally comparable positions at similarly situated organizations. The board reviews the data obtained from the cpa firm and approves the current level of the compensation. Such approval is documented in the annual meeting minutes of the organization.”
Form 990, Part VI, Section C, Line 19
“Describe how organization makes governing documents available to public: documents are made available to the public upon request.”
Filing and Contact Details
Filer
- Filer Name
- The Millennium Housing Foundation Inc
- EIN
- 39-1904367
- Phone
- 8153978827
- Address
- 973 FEATHERSTONE ROAD NO 325, ROCKFORD, IL 61107
Signing Officer
- Name
- Perry G Harenda
- Title
- President
- Phone
- 8153978827
- Signed
- 2017-05-10
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Thomas Van Vleet
- Formed
- 1997
- Legal Domicile
- Wi
- Voting Board Members
- 5
- Independent Board Members
- 5
- Employees
- 0
- Volunteers
- 0
Preparer
- Firm
- DAUBY O'CONNOR & ZALESKI LLC
- Address
- 501 CONGRESSIONAL BLVD STE 300, CARMEL, IN 46032
- Preparer
- Heather L Plake
- Phone
- 3178485700
Supplemental Narrative
Additional Explanations
FORM 990, PART XI, LINE 9:
“Adjustment for investments that are reported separately -3,252,159. Change in net assets of investment accounts -309,419. Miscellaneous change in net assets 3,723.”
Financial Statement Notes
PART X, LINE 2:
“Organization's liability for uncertain tax positions under fin 48: the income tax filings of mhf and its subsidiaries are subject to audit by various taxing authorities. Open audit periods subject to audit for federal and wisconsin purposes are generally the previous three and four years of tax returns filed, respectively. There were no interest or penalties recorded for the year ended september 30, 2016.”
PART XI, LINE 2D - OTHER ADJUSTMENTS:
“Income reported on separately stated form 990 1,315,760. Tax loss on disposal 411,657.”
PART XII, LINE 2D - OTHER ADJUSTMENTS:
“Gaap loss on disposal 442,730. Expenses reported on separately stated form 990 2,442,899.”
PART XII, LINE 4B - OTHER ADJUSTMENTS:
“Book/tax difference in depreciation expense 29,449.”
Raw XML AppendixShowing 400 of 715 raw XML fields
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/AccountsReceivableGrp/EOYAmt | 0 | 358896 |
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| IRS990/Desc | 0 | MONROE PLAZA PROVIDES 196 LOW-INCOME APARTMENTS TO ELDERLY AND DISABLED TENANTS IN GREEN BAY, WISCONSIN AND IS SUBSIDIZED BY PROJECT FUNDS SERVED APPROXIMATELY 4,250 MEALS IN 2015. THE NURSING PROGRAM WHICH IS ALSO SUBSIDIZED BY PROJECT FUNDS COVERED APPROXIMATELY 175 HOURS OF NURSING CARE FOR TENANTS IN 2016.FERNWOOD COURT PROVIDES 120 LOW-INCOME APARTMENTS TO ELDERLY AND DISABLED TENANTS IN MILWAUKEE, WISCONSIN AND IS SUBSIDIZED BY PROJECT FUNDS SERVED APPROXIMATELY 11,741 MEALS IN 2016.ROCKLAND COURT PROVIDES 82 LOW-INCOME APARTMENTS TO FAMILIES IN FORT ATKINSON, WISCONSIN AND IS SUBSIDIZED BY GOVERNMENTAL PAYMENTS.SPRING GLEN PROVIDES 40 LOW-INCOME APARTMENTS TO ELDERLY AND DISABLED TENANTS IN MAYVILLE, WISCONSIN AND IS SUBSIDIZED BY GOVERNMENTAL PAYMENTS.MILLENNIUM DEVELOPMENT SERVICES, LLC (MDS) FACILITATES THE REHABILITATION AND DEVELOPMENT OF LOW-INCOME HOUSING THROUGH THE SECTION 42 INCOME TAX CREDITS.DURAND PLAZA PROVIDES 72 LOW-INCOME APARTMENTS TO ELDERLY AND DISABLED TENANTS IN RACINE, WISCONSIN AND IS SUBSIDIZED BY GOVERNMENTAL PAYMENTS.OAKWOOD PROVIDES 41 LOW-INCOME APARTMENTS TO ELDERLY TENANTS IN MEQUON, WISCONSIN AND IS SUBSIDIZED BY GOVERNMENTAL PAYMENTS.MILLENNIUM PROFESSIONAL MANAGEMENT, LLC (MPM) PROVIDES PAYROLL, MANAGEMENT, AND OTHER SERVICES FOR SEVERAL OF THE PROJECTS UNDER THE MILLENNIUM HOUSING FOUNDATION UMBRELLA. |
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| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
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| IRS990/MissionDesc | 0 | THE ORGANIZATION WAS FORMED FOR THE PURPOSE OF PRESERVING AND DEVELOPING DECENT, SAFE AND AFFORDABLE HOUSING. THE ORGANIZATION FULFILLS ITS MISSION THROUGH ACQUISITION, REHABILITATION AND NEW DEVELOPMENT IN URBAN AND RURAL AREAS LOCATED IN SOUTHEASTERN WISCONSIN. |
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| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
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| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 4007671 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | -3557855 |
| IRS990/OtherExpensesGrp/Desc | 0 | PAYROLL/BENEFIT REIMBUR |
| IRS990/OtherExpensesGrp/Desc | 1 | MISC EXPENSES |
| IRS990/OtherExpensesGrp/Desc | 2 | PAYROLL TAXES REIMBURSE |
| IRS990/OtherExpensesGrp/Desc | 3 | BAD DEBT |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 465097 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 61367 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 58350 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 24440 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 465097 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 61367 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 58350 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 24440 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 137480 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 180975 |
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| IRS990/OtherRevenueMiscGrp/Desc | 0 | COMMERCIAL RENTAL INCOME |
| IRS990/OtherRevenueMiscGrp/ExclusionAmt | 0 | 7330 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 7330 |
| IRS990/OtherRevenueTotalAmt | 0 | 7330 |
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| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 118338 |
| IRS990/PrincipalOfficerNm | 0 | THOMAS VAN VLEET |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 531110 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 531110 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 2 | 531110 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 3 | 531110 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | RENTAL INCOME |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | TENANT CHARGES |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | LAUNDRY INCOME |
| IRS990/ProgramServiceRevenueGrp/Desc | 3 | MISC INCOME FROM TENANTS |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 3510719 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 44928 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 2 | 37250 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 3 | 236 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 3510719 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 44928 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 37250 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 3 | 236 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 2628840 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | -10993 |
| IRS990/PYOtherExpensesAmt | 0 | 4806276 |
| IRS990/PYOtherRevenueAmt | 0 | 1200 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 1975408 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -966273 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 754452 |
| IRS990/PYTotalExpensesAmt | 0 | 5560728 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 4594455 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 1945461 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 1 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 1 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 1 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 3181476 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 2911475 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 2628840 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 2606805 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 2437462 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 2346266 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 12930848 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt | 0 | 6275 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt | 0 | 6485 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 73588 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 122219 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 98352 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt | 0 | 306919 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 3593133 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 1957930 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt | 0 | 1995563 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt | 0 | 1784216 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt | 0 | 1627019 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 10957861 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt | 0 | 6275 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt | 0 | 6485 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt | 0 | 73588 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt | 0 | 122219 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt | 0 | 98352 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt | 0 | 306919 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.01270 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.01690 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt | 0 | 7330 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt | 0 | 1200 |
| IRS990ScheduleA/OtherIncome509Grp/TotalAmt | 0 | 8530 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 0.98700 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 0.98310 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 23888709 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 6504608 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 4586770 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 4602368 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 4221678 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 3973285 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 23888709 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 6518213 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 4594455 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 4675956 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 4343897 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 4071637 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 24204158 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 13644056 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 10694673 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 24338729 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 145038 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 1372456 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 1517494 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 2885629 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 29449 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 4131646 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 1859743 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 1859743 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt | 0 | 229129 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 164748 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 393877 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 159227 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 1 | 120506 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 2 | 325886 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 3 | 959779 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 4 | 2352402 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 5 | 89871 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | CONSTRUCTION IN PROGRESS |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 1 | SECURITY DEPOSITS |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 2 | ESCROW DEPOSITS |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 3 | RESERVE REPLACEMENT FUND |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 4 | OTHER RESERVES |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 5 | MISC OTHER ASSETS |
| IRS990ScheduleD/OtherExpensesIncludedAmt | 0 | 2885629 |
| IRS990ScheduleD/OtherExpensesNotIncludedAmt | 0 | 29449 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 120470 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 60505 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | SECURITY DEPOSITS |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | MISC. OTHER LIABILITIES |
| IRS990ScheduleD/OtherRevenueAmt | 0 | 1727417 |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 1727417 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 6106556 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | ORGANIZATION'S LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER FIN 48: THE INCOME TAX FILINGS OF MHF AND ITS SUBSIDIARIES ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. OPEN AUDIT PERIODS SUBJECT TO AUDIT FOR FEDERAL AND WISCONSIN PURPOSES ARE GENERALLY THE PREVIOUS THREE AND FOUR YEARS OF TAX RETURNS FILED, RESPECTIVELY. THERE WERE NO INTEREST OR PENALTIES RECORDED FOR THE YEAR ENDED SEPTEMBER 30, 2016. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | INCOME REPORTED ON SEPARATELY STATED FORM 990 1,315,760. TAX LOSS ON DISPOSAL 411,657. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 2 | GAAP LOSS ON DISPOSAL 442,730. EXPENSES REPORTED ON SEPARATELY STATED FORM 990 2,442,899. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 3 | BOOK/TAX DIFFERENCE IN DEPRECIATION EXPENSE 29,449. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART X, LINE 2: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | PART XI, LINE 2D - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | PART XII, LINE 2D - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | PART XII, LINE 4B - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 15877966 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 4007671 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 4161095 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 180975 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 6106556 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 7833973 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 7017275 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DELEGATE CONTROL OVER MANAGEMENT DUTIES: THE ORGANIZATION ENTERED INTO A PROPERTY MANAGEMENT AGREEMENT WITH PROFESSIONAL PROPERTY MANAGEMENT, LLC WHICH IS A RELATED ENTITY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE CORPORATION SHALL HAVE ONE MEMBER. AFFORDABLE HOUSING DEVELOPMENT FUND, INC. IS THE SOLE MEMBER AS OF AUGUST 3, 2015 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | PROCESS USED BY ORGANIZATION TO REVIEW FORM 990: THE CORPORATE PRESIDENT REVIEWS THE DRAFT OF THE TAX RETURN AND UPON THEIR APPROVAL THE BOARD OF DIRECTORS ARE FORWARDED A COPY OF THE TAX RETURN VIA EMAIL OR US MAIL BEFORE THE FILING OF THE FINAL TAX RETURN. IF NO COMMENTS ARE RECEIVED FROM THE BOARD OF DIRECTORS WITHIN A SPECIFIED AMOUNT OF TIME (MAY CHANGE BASED ON TIMING OF FILING REQUIREMENTS, BUT TYPICALLY A WEEK) THE ACCCOUNTING FIRM COMPLETING THE TAX RETURN WILL FILE THE RETURN BY MAIL OR ELECTRONIC FORMAT. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | MONITOR & ENFORCE COMPLIANCE WITH THE WRITTEN CONFLICT OF INTEREST POLICY: EACH YEAR AT THE ORGANIZATION'S ANNUAL MEETING, OR IN ANY CASE PRIOR TO THE FILING OF THE FORM 990, A CONFLICT OF INTEREST DISCLOSURE FORM IS COMPLETED BY EACH BOARD MEMBER OR OFFICER. SHOULD A DISCLOSURE REVEAL A CONFLICT, THE BOARD OF DIRECTORS WILL FOLLOW THE PROCEDURES SET FORTH IN PARAGRAPH FOUR OF THE POLICY. THE BOARD WILL TAKE ACTION EITHER AT A MEETING OF THE BOARD (THIS COULD BE DONE BY TELEPHONE) OR BY CONSENT RESOLUTION TO DOCUMENT COMPLIANCE WITH THE PROCEDURE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | REVIEW AND APPROVAL PROCESS FOR DETERMINATION OF COMPENSATION: A BOARD MEMBER ENGAGES A CPA FIRM TO PROVIDE COMPENSATION DATA FOR QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. THE BOARD REVIEWS THE DATA OBTAINED FROM THE CPA FIRM AND APPROVES THE CURRENT LEVEL OF THE COMPENSATION. SUCH APPROVAL IS DOCUMENTED IN THE ANNUAL MEETING MINUTES OF THE ORGANIZATION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | DESCRIBE HOW ORGANIZATION MAKES GOVERNING DOCUMENTS AVAILABLE TO PUBLIC: DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | ADJUSTMENT FOR INVESTMENTS THAT ARE REPORTED SEPARATELY -3,252,159. CHANGE IN NET ASSETS OF INVESTMENT ACCOUNTS -309,419. MISCELLANEOUS CHANGE IN NET ASSETS 3,723. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINE 3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION A, LINE 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 11 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION B, LINE 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PART XI, LINE 9: |
| IRS990ScheduleR/AssetExchangeInd | 0 | 0 |
| IRS990ScheduleR/AssetPurchaseFromOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/AssetSaleToOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/DivRelatedOrganizationInd | 0 | 0 |
| IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd | 0 | 0 |
| IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd | 0 | 0 |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingNACd | 0 | N/A |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingNACd | 1 | N/A |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingNACd | 2 | N/A |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingNACd | 3 | N/A |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingNACd | 4 | N/A |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingNACd | 5 | N/A |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingNACd | 6 | N/A |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingNACd | 7 | N/A |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingNACd | 8 | N/A |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt | 0 | MILLENNIUM DEVELOPMENT SERVICES LLC |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt | 1 | MILLENNIUM - DURAND PLAZA LLC |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt | 2 | MILLENNIUM - SPRING GLEN APARTMENTS LLC |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt | 3 | MILLENNIUM OFFICES LLC |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt | 4 | ROCKLAND COURT APARTMENTS |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2016 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $23,675,929
- Liabilities
- $19,964,762
- Net assets
- $3,711,167
- Revenue
- $6,106,556
- Expenses
- $4,161,095
- Net income
- $1,945,461