Civic Intelligence

Mhdc Clintonville Inc

EIN 47-2629213 • 501(c)3 • Chicago, IL

Profile

Assist in providing low income housing

8 S Michigan Ave Ste 3100Chicago, IL 60603

n/A

Siviq Scores

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

Liabilities / Assets

91st percentile

0.90x

Higher debt load relative to assets than 91% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

90th percentile

1.76x

Higher debt load relative to revenue than 90% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

60th percentile

9.3%

Higher net margin than 60% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

45th percentile

3.0%

Faster asset growth than 45% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

65th percentile

16%

Faster revenue growth than 65% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$5,208,391

Up $153,906 (+3.0%) from 2023

Liabilities

Down

$4,685,815

Down $94,604 (-2.0%) from 2023

Net Assets

Up

$522,576

Up $248,510 (+91%) from 2023

Revenue

Up

$2,667,171

Up $359,319 (+16%) from 2023

Expenses

Up

$2,418,661

Up $145,920 (+6.4%) from 2023

Net Income

Up

$248,510

Up $213,399 (+608%) from 2023

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2015: $4,813,609Liabilities 2015: $4,801,083Net Assets 2015: $12,5262015Assets 2016: $4,751,738Liabilities 2016: $4,998,179Net Assets 2016: -$246,4412016Assets 2017: $4,758,518Liabilities 2017: $4,835,116Net Assets 2017: -$76,5982017Assets 2018: $4,768,608Liabilities 2018: $4,663,359Net Assets 2018: $105,2492018Assets 2019: $4,762,097Liabilities 2019: $4,463,830Net Assets 2019: $298,2672019Assets 2020: $5,413,121Liabilities 2020: $5,218,025Net Assets 2020: $195,0962020Assets 2021: $5,377,280Liabilities 2021: $4,967,646Net Assets 2021: $409,6342021Assets 2022: $5,136,474Liabilities 2022: $4,897,519Net Assets 2022: $238,9552022Assets 2023: $5,054,485Liabilities 2023: $4,780,419Net Assets 2023: $274,0662023Assets 2024: $5,208,391Liabilities 2024: $4,685,815Net Assets 2024: $522,5762024

Highlighted filing

2024

Assets$5,208,391
Liabilities$4,685,815
Net Assets$522,576

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2015: $1,530,471Expenses 2015: $1,517,945Net Income 2015: $12,5262015Revenue 2016: $1,664,939Expenses 2016: $1,923,906Net Income 2016: -$258,9672016Revenue 2017: $2,101,409Expenses 2017: $1,931,566Net Income 2017: $169,8432017Revenue 2018: $2,311,210Expenses 2018: $2,129,363Net Income 2018: $181,8472018Revenue 2019: $2,349,739Expenses 2019: $2,156,721Net Income 2019: $193,0182019Revenue 2020: $2,449,721Expenses 2020: $2,701,011Net Income 2020: -$251,2902020Revenue 2021: $2,397,736Expenses 2021: $2,183,198Net Income 2021: $214,5382021Revenue 2022: $2,098,817Expenses 2022: $2,269,496Net Income 2022: -$170,6792022Revenue 2023: $2,307,852Expenses 2023: $2,272,741Net Income 2023: $35,1112023Revenue 2024: $2,667,171Expenses 2024: $2,418,661Net Income 2024: $248,5102024

Highlighted filing

2024

Revenue$2,667,171
Expenses$2,418,661
Net Income$248,510

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 23, 2025
Return Version
2024v5.2
Gross Receipts
$2,667,171
Mission and Program Overview

Mission

Assist in providing low income housing

To provide housing facilities for persons of low and moderate income.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,834,969$3,754,543▼ $80,426
Rtn Earn Endowment Incm Other Fnds$274,066$522,576▲ $248,510
Intangible Assets$450,000$450,000→ $0
Cash and Non-Interest-Bearing Accounts$132,970$217,476▲ $84,506
Accounts Receivable$86,871$154,667▲ $67,796
Prepaid Expenses and Deferred Charges$53,616$56,801▲ $3,185
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$5,054,485$5,208,391▲ $153,906
Other Assets Total$496,059$574,904▲ $78,845
Liabilities
Unsecured Notes Loans Payable$4,698,148$4,575,467▼ $122,681
Accounts Payable and Accrued Expenses$159,991$203,907▲ $43,916
Deferred Revenue$22,411$323▼ $22,088
Other Liabilities$-100,131$-93,882▲ $6,249
Total Liabilities$4,780,419$4,685,815▼ $94,604
Net Assets / Fund Balance
Total Net Assets Fund Balance$274,066$522,576▲ $248,510
Total Liabilities and Net Assets / Fund Balance$5,054,485$5,208,391▲ $153,906

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,342,088$1,086,256$4,428,344
Leasehold Improvements$197,821$67,105$264,926
Land$140,990-$140,990
Equipment$56,891$45,378$102,269
Other Land Buildings$16,753$72,567$89,320
Other Assets Org$574,904--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Richard GonzalezChairman of the Board
Gilberto TorresPresident
Jose NavarroSecretary
Paul KorlapatiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,666,561
Investment Income
$610
Other Revenue
$0
Change in Net Assets
$248,510

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,667,171
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,667,171
Total Revenue per Form 990
$2,667,171
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,601,158
Salaries, Compensation, and Employee Benefits$817,503
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$666,291--$666,291
Occupancy$219,694--$219,694
Fees for Services Management$184,732--$184,732
Depreciation Depletion$148,096--$148,096
Interest$131,785--$131,785
Advertising$96,400--$96,400
Payroll Taxes$91,071--$91,071
Insurance$91,026--$91,026
Other Employee Benefits$60,141--$60,141
Other Expenses$53,658--$53,658
All Other Expenses$20,211--$20,211
Fees for Services Legal-$19,394-$19,394
Fees for Services Accounting$15,000--$15,000
Travel$4,037--$4,037
Total Functional Expenses$2,399,267$19,394$0$2,418,661

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,418,661
Total Expenses per Audited Statements$2,418,661
Total Expenses per Form 990$2,418,661
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
Security Deposits$34,000
Debt Issuance Costs$-127,882
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
No
Other officer compensation reviewed
No
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

Mhdc clintonville, inc. Is managed by ashford martin corporation.

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

The return is circulated among management for review and comments before it is filed by outside accountants.

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

Annually it is discussed in a board meeting.

Form 990, Part VI, Section C, Line 19

Certain documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Mhdc Clintonville Inc
EIN
47-2629213
Phone
9208328094
Address
8 S MICHIGAN AVE STE 3100, CHICAGO, IL 60603

Signing Officer

Name
Gilbert Torres
Title
President
Phone
9208328094
Signed
2025-10-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gilbert Torres
Formed
2014
Legal Domicile
Wi
Voting Board Members
4
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Rubinbrown Llp
Address
225 W WACKER DRIVE, CHICAGO, IL 60606
Preparer
Nabila Riaz
Phone
3124251099
Supplemental Narrative

Additional Explanations

FORM 990, PART IV, LINE 23:

Salaries and wages shown for mhdc clintonville, inc. Were reported on form w-3 by a common pay master. Mhdc clintonville, inc's allocated share is properly shown on form 990, part ix, line 7 as program service expense, under ashford martin corporation.

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IRS990ScheduleA/PublicSupportPY509Pct00.99970
IRS990ScheduleA/PublicSupportTotal509Amt011918118
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02666561
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02307320
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02098339
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02397315
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02448583
IRS990ScheduleA/Total509Grp/TotalAmt011918118
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02667171
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02307852
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02098817
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02397736
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02449721
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt011921297
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03342088
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01086256
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04428344
IRS990ScheduleD/EquipmentGrp/BookValueAmt056891
IRS990ScheduleD/EquipmentGrp/DepreciationAmt045378
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0102269
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02418661
IRS990ScheduleD/LandGrp/BookValueAmt0140990
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0140990
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0197821
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt067105
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0264926
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0574904
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEPOSITS/RESERVES
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt072567
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt089320
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt034000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1-127882
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEBT ISSUANCE COSTS
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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02667171
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03754543
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0574904
IRS990ScheduleD/TotalExpensesPerForm990Amt02418661
IRS990ScheduleD/TotalLiabilityAmt0-93882
IRS990ScheduleD/TotalRevenuePerForm990Amt02667171
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02667171
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02418661
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SALARIES AND WAGES SHOWN FOR MHDC CLINTONVILLE, INC. WERE REPORTED ON FORM W-3 BY A COMMON PAY MASTER. MHDC CLINTONVILLE, INC'S ALLOCATED SHARE IS PROPERLY SHOWN ON FORM 990, PART IX, LINE 7 AS PROGRAM SERVICE EXPENSE, UNDER ASHFORD MARTIN CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MHDC CLINTONVILLE, INC. IS MANAGED BY ASHFORD MARTIN CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE RETURN IS CIRCULATED AMONG MANAGEMENT FOR REVIEW AND COMMENTS BEFORE IT IS FILED BY OUTSIDE ACCOUNTANTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANNUALLY IT IS DISCUSSED IN A BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CERTAIN DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART IV, LINE 23:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt05054485
IRS990/TotalAssetsEOYAmt05208391
IRS990/TotalAssetsGrp/BOYAmt05054485
IRS990/TotalAssetsGrp/EOYAmt05208391
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt019394
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02399267
IRS990/TotalFunctionalExpensesGrp/TotalAmt02418661
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04780419
IRS990/TotalLiabilitiesEOYAmt04685815
IRS990/TotalLiabilitiesGrp/BOYAmt04780419
IRS990/TotalLiabilitiesGrp/EOYAmt04685815
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0274066
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0522576
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt02399267
IRS990/TotalProgramServiceRevenueAmt02666561
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0610
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02666561
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02667171
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05054485
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05208391
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt04037
IRS990/TravelGrp/TotalAmt04037
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt04698148
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt04575467
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt08 SOUTH MICHIGAN AVE
IRS990/USAddress/CityNm0CHICAGO
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060603
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0GILBERT TORRES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09208328094
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MHDC CLINTONVILLE INC
ReturnHeader/Filer/BusinessNameControlTxt0MHDC
ReturnHeader/Filer/EIN0472629213
ReturnHeader/Filer/PhoneNum09208328094
ReturnHeader/Filer/USAddress/AddressLine1Txt08 S MICHIGAN AVE STE 3100
ReturnHeader/Filer/USAddress/CityNm0CHICAGO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060603
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0430765316
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RUBINBROWN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0225 W WACKER DRIVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHICAGO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060606
ReturnHeader/PreparerPersonGrp/PhoneNum03124251099

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