Civic Intelligence

Mhc Homes Inc.

990 • Fiscal year 2019 • EIN 45-2578521

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 06, 2020

61 South Main StreetWest Hartford, CT 06107

(860) 529-1970

Siviq Scores

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

Liabilities / Assets

59th percentile

0.14x

Higher debt load relative to assets than 59% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

86th percentile

0.95x

Higher debt load relative to revenue than 86% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

70th percentile

14%

Higher net margin than 70% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

90th percentile

$205,776

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 116.8% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

97th percentile

168%

Faster asset growth than 97% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

79th percentile

27%

Faster revenue growth than 79% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$1,166,417

Up $731,185 (+168%) from 2018

Net Assets

Up

$998,846

Up $563,614 (+129%) from 2018

Liabilities

Up

$167,571

Up $167,571 from 2018

Revenue

Up

$176,168

Up $37,730 (+27%) from 2018

Expenses

Up

$152,332

Up $47,813 (+46%) from 2018

Net Income

Down

$23,836

Down $10,083 (-30%) from 2018

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2013: $320,680Liabilities 2013: $0Net Assets 2013: $320,6802013Assets 2014: $359,511Liabilities 2014: $0Net Assets 2014: $359,5112014Assets 2015: $473,826Liabilities 2015: $88,056Net Assets 2015: $385,7702015Assets 2016: $450,063Liabilities 2016: $45,108Net Assets 2016: $404,9552016Assets 2017: $426,300Liabilities 2017: $24,987Net Assets 2017: $401,3132017Assets 2018: $435,232Liabilities 2018: $0Net Assets 2018: $435,2322018Assets 2019: $1,166,417Liabilities 2019: $167,571Net Assets 2019: $998,8462019Assets 2020: $1,274,786Liabilities 2020: $280,640Net Assets 2020: $994,1462020Assets 2021: $1,311,486Liabilities 2021: $304,485Net Assets 2021: $1,007,0012021Assets 2022: $1,406,520Liabilities 2022: $377,885Net Assets 2022: $1,028,6352022Assets 2023: $1,497,591Liabilities 2023: $449,263Net Assets 2023: $1,048,3282023Assets 2024: $1,103,359Liabilities 2024: $11,487Net Assets 2024: $1,091,8722024

Highlighted filing

2019

Assets$1,166,417
Liabilities$167,571
Net Assets$998,846

Operations Trend

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

$200K$150K$100K$50K$0-$50KRevenue 2013: $58,511Expenses 2013: $20,859Net Income 2013: $37,6522013Revenue 2014: $59,658Expenses 2014: $20,827Net Income 2014: $38,8312014Revenue 2015: $60,282Expenses 2015: $34,023Net Income 2015: $26,2592015Revenue 2016: $61,921Expenses 2016: $42,736Net Income 2016: $19,1852016Revenue 2017: $64,817Expenses 2017: $68,459Net Income 2017: -$3,6422017Revenue 2018: $138,438Expenses 2018: $104,519Net Income 2018: $33,9192018Revenue 2019: $176,168Expenses 2019: $152,332Net Income 2019: $23,8362019Revenue 2020: $143,672Expenses 2020: $148,371Net Income 2020: -$4,6992020Revenue 2021: $72,723Expenses 2021: $59,869Net Income 2021: $12,8542021Revenue 2022: $147,179Expenses 2022: $125,545Net Income 2022: $21,6342022Revenue 2023: $152,353Expenses 2023: $132,660Net Income 2023: $19,6932023Revenue 2024: $155,309Expenses 2024: $111,765Net Income 2024: $43,5442024

Highlighted filing

2019

Revenue$176,168
Expenses$152,332
Net Income$23,836
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 6, 2020
Return Version
2019v5.1
Gross Receipts
$176,168
Mission and Program Overview

Mission

Mhc partners with individuals, their families, and the surrounding communities to create environments that support long-term health and wellness.

To create quality services and compassionate relationships that engage, instruct, and inspire. Through education and advocacy, we empower people to new understandings and actions so that they feel hope, acquire ability, and find meaning in their lives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$246,045$947,690▲ $701,645
Cash and Non-Interest-Bearing Accounts$147,777$218,727▲ $70,950
Accounts Receivable$39,911$0▼ $39,911
Prepaid Expenses and Deferred Charges$1,499$0▼ $1,499
Total Assets$435,232$1,166,417▲ $731,185
Liabilities
Other Liabilities$0$167,571▲ $167,571
Total Liabilities$0$167,571▲ $167,571
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$435,232$998,846▲ $563,614
Total Net Assets Fund Balance$435,232$998,846▲ $563,614
Total Liabilities and Net Assets / Fund Balance$435,232$1,166,417▲ $731,185

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$848,190$505,492$1,353,682
Land$99,500-$99,500
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ursula SowinskiChair
Luis PerezPresident/CEO
Kimberlee PitaVice Chair
Domenique ThorntonAssistant Secretary
Edward PeltierSecretary
Edwin NorseTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$176,168
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$23,836
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$152,332
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$93,471--$93,471
Fees for Services Other-$49,004-$49,004
Other Expenses-$9,797-$9,797
Office Expenses-$60-$60
Total Functional Expenses$93,471$58,861$0$152,332
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
Intercompany Payable$167,571
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
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 finance committee reviews the form 990. The filed form 990 is provided to the full board once approved by the finance committee.

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

The corporate compliance officer presents a report at the annual meeting.

Form 990, Part VI, Section C, Line 19

Mhc homes, inc.'s governing documents, conflict of interest policy, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Mhc Homes Inc
EIN
45-2578521
Phone
8605291970
Address
61 SOUTH MAIN STREET, WEST HARTFORD, CT 06107

Signing Officer

Name
Luis Perez
Title
President/CEO
Phone
8605291970
Signed
2020-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Luis Perez
Formed
2012
Legal Domicile
Ct
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Cohnreznick Llp
Address
350 CHURCH STREET 12TH FLOOR, HARTFORD, CT 06103
Preparer
Paul Ballasy
Phone
9592007000
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other: program service expenses 0. Management and general expenses 49,004. Fundraising expenses 0. Total expenses 49,004.

FORM 990, PART XI, LINE 9:

Transfer of net assets associated with property of mental health ct to mhc 539,778.

PART XII LINE 2C:

The organization has not changed its process from prior year.

Financial Statement Notes

PART X, LINE 2:

The internal revenue service ("irs") determined that mhc homes is exempt from federal income taxes as a public charitiy under section 501(c)(3) of the internal revenue code. Consequently, the corporation is exempt from state income taxes and no provision for income taxes has been made in the accompanying financial statements.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INTERNAL REVENUE SERVICE ("IRS") DETERMINED THAT MHC HOMES IS EXEMPT FROM FEDERAL INCOME TAXES AS A PUBLIC CHARITIY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. CONSEQUENTLY, THE CORPORATION IS EXEMPT FROM STATE INCOME TAXES AND NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS.
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt0148
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0LUIS PEREZ
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0205776
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FINANCE COMMITTEE REVIEWS THE FORM 990. THE FILED FORM 990 IS PROVIDED TO THE FULL BOARD ONCE APPROVED BY THE FINANCE COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CORPORATE COMPLIANCE OFFICER PRESENTS A REPORT AT THE ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MHC HOMES, INC.'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OTHER: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 49,004. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 49,004.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TRANSFER OF NET ASSETS ASSOCIATED WITH PROPERTY OF MENTAL HEALTH CT TO MHC 539,778.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION HAS NOT CHANGED ITS PROCESS FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5PART XII LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0MENTAL HEALTH CONNECTICUT INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0060646593
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0MENTAL HEALTH SERVICES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt061 SOUTH MAIN STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0WEST HARTFORD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd006107
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0435232
IRS990/TotalAssetsEOYAmt01166417
IRS990/TotalAssetsGrp/BOYAmt0435232
IRS990/TotalAssetsGrp/EOYAmt01166417
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt058861
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt093471
IRS990/TotalFunctionalExpensesGrp/TotalAmt0152332
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt0167571
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0167571
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0435232
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0998846
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt093471
IRS990/TotalProgramServiceRevenueAmt0176168
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0176168
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0176168
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0435232
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01166417
IRS990/TotReportableCompRltdOrgAmt0205776
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt061 SOUTH MAIN STREET
IRS990/USAddress/CityNm0WEST HARTFORD
IRS990/USAddress/StateAbbreviationCd0CT
IRS990/USAddress/ZIPCd006107
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.MHCONN.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LUIS PEREZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum08605291970
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MHC HOMES INC
ReturnHeader/Filer/BusinessNameControlTxt0MHCH
ReturnHeader/Filer/EIN0452578521
ReturnHeader/Filer/PhoneNum08605291970
ReturnHeader/Filer/USAddress/AddressLine1Txt061 SOUTH MAIN STREET
ReturnHeader/Filer/USAddress/CityNm0WEST HARTFORD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CT
ReturnHeader/Filer/USAddress/ZIPCd006107
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId03A16AF227DFFBEB6A54D665AEE301AB9EC7A606C
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0209.59.242.37
ReturnHeader/FilingSecurityInformation/IPDt02020-11-06
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm016:23:23
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0221478099
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0COHNREZNICK LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0350 CHURCH STREET 12TH FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HARTFORD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT

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