Civic Intelligence

Millsboro Housing for Progressinc

EIN 51-0262153 • 501(c)3 • Millsboro, DE

Profile

LOW INCOME HOUSING

P O Box 177Millsboro, DE 19966

n/A

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.15x

Higher debt load relative to assets than 53% of similar nonprofits.

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

Liabilities / Revenue

80th percentile

0.73x

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

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

Net Margin

94th percentile

68%

Higher net margin than 94% of similar nonprofits.

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

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

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

Asset Growth

81st percentile

21%

Faster asset growth than 81% of similar nonprofits.

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

Revenue Growth

94th percentile

158%

Faster revenue growth than 94% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Up

$8,508,046

Up $1,479,165 (+21%) from 2023

Liabilities

Up

$1,241,475

Up $57,446 (+4.9%) from 2023

Net Assets

Up

$7,266,571

Up $1,421,719 (+24%) from 2023

Operations
Liabilities / Revenue80th percentileNet Margin94th percentile

Revenue

Up

$1,696,822

Up $1,039,302 (+158%) from 2023

Expenses

Up

$536,515

Up $11,760 (+2.2%) from 2023

Net Income

Up

$1,160,307

Up $1,027,542 (+774%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth81st percentile

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

$10M$5.0M$0Assets 2010: $7,161,708Liabilities 2010: $5,911,527Net Assets 2010: $1,250,1812010Assets 2011: $6,762,211Liabilities 2011: $5,309,326Net Assets 2011: $1,452,8852011Assets 2012: $6,691,279Liabilities 2012: $5,223,798Net Assets 2012: $1,467,4812012Assets 2013: $6,782,773Liabilities 2013: $5,020,141Net Assets 2013: $1,762,6322013Assets 2014: $6,704,441Liabilities 2014: $4,854,259Net Assets 2014: $1,850,1822014Assets 2015: $6,659,482Liabilities 2015: $4,717,129Net Assets 2015: $1,942,3532015Assets 2016: $6,522,957Liabilities 2016: $4,477,120Net Assets 2016: $2,045,8372016Assets 2017: $6,506,151Liabilities 2017: $4,313,887Net Assets 2017: $2,192,2642017Assets 2018: $6,578,311Liabilities 2018: $4,287,008Net Assets 2018: $2,291,3032018Assets 2019: $6,207,514Liabilities 2019: $3,874,250Net Assets 2019: $2,333,2642019Assets 2020: $6,211,523Liabilities 2020: $3,713,647Net Assets 2020: $2,497,8762020Assets 2021: $6,717,066Liabilities 2021: $1,433,975Net Assets 2021: $5,283,0912021Assets 2022: $7,017,363Liabilities 2022: $1,305,276Net Assets 2022: $5,712,0872022Assets 2023: $7,028,881Liabilities 2023: $1,184,029Net Assets 2023: $5,844,8522023Assets 2024: $8,508,046Liabilities 2024: $1,241,475Net Assets 2024: $7,266,5712024

Highlighted filing

2024

Assets$8,508,046
Liabilities$1,241,475
Net Assets$7,266,571
Open 2024 Filing

Operations Trend

Revenue Growth94th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Expenses 2010: $820,6402010Expenses 2011: $878,1242011Revenue 2012: $858,209Expenses 2012: $843,613Net Income 2012: $14,5962012Revenue 2013: $890,028Expenses 2013: $814,458Net Income 2013: $75,5702013Revenue 2014: $919,554Expenses 2014: $832,004Net Income 2014: $87,5502014Revenue 2015: $925,532Expenses 2015: $833,361Net Income 2015: $92,1712015Revenue 2016: $954,042Expenses 2016: $850,558Net Income 2016: $103,4842016Revenue 2017: $965,484Expenses 2017: $819,057Net Income 2017: $146,4272017Revenue 2018: $986,557Expenses 2018: $887,518Net Income 2018: $99,0392018Revenue 2019: $1,017,362Expenses 2019: $975,401Net Income 2019: $41,9612019Revenue 2020: $1,045,286Expenses 2020: $880,674Net Income 2020: $164,6122020Revenue 2021: $3,644,632Expenses 2021: $859,417Net Income 2021: $2,785,2152021Revenue 2022: $946,026Expenses 2022: $517,030Net Income 2022: $428,9962022Revenue 2023: $657,520Expenses 2023: $524,755Net Income 2023: $132,7652023Revenue 2024: $1,696,822Expenses 2024: $536,515Net Income 2024: $1,160,3072024

Highlighted filing

2024

Revenue$1,696,822
Expenses$536,515
Net Income$1,160,307
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$8,508,046
Liabilities
$1,241,475
Net assets
$7,266,571
Revenue
$1,696,822
Expenses
$536,515
Net income
$1,160,307
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.51$1.24$7.27$1.70$0.54$1.16
2023Detailed filing. Detailed filing data is available for this year.$7.03$1.18$5.84$0.66$0.52$0.13
2022Detailed filing. Detailed filing data is available for this year.$7.02$1.31$5.71$0.95$0.52$0.43
2021Detailed filing. Detailed filing data is available for this year.$6.72$1.43$5.28$3.64$0.86$2.79
2020Detailed filing. Detailed filing data is available for this year.$6.21$3.71$2.50$1.05$0.88$0.16
2019Detailed filing. Detailed filing data is available for this year.$6.21$3.87$2.33$1.02$0.98$0.04
2018Detailed filing. Detailed filing data is available for this year.$6.58$4.29$2.29$0.99$0.89$0.10
2017Detailed filing. Detailed filing data is available for this year.$6.51$4.31$2.19$0.97$0.82$0.15
2016Detailed filing. Detailed filing data is available for this year.$6.52$4.48$2.05$0.95$0.85$0.10
2015Detailed filing. Detailed filing data is available for this year.$6.66$4.72$1.94$0.93$0.83$0.09
2014Detailed filing. Detailed filing data is available for this year.$6.70$4.85$1.85$0.92$0.83$0.09
2013Detailed filing. Detailed filing data is available for this year.$6.78$5.02$1.76$0.89$0.81$0.08
2012Summary only. Only limited summary data is available for this year.$6.69$5.22$1.47$0.86$0.84$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.76$5.31$1.45$0.88
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.16$5.91$1.25$0.82
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 26, 2025
Return Version
2024v5.0
Gross Receipts
$1,696,822
Mission and Program Overview

Mission

LOW INCOME HOUSING

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$3,089,268$3,548,508▲ $459,240
Land, Buildings, and Equipment, Net$2,338,957$2,337,439▼ $1,518
Cash and Non-Interest-Bearing Accounts$512,138$724,145▲ $212,007
Accounts Receivable$60,353$536,956▲ $476,603
Intangible Assets$51,383$48,121▼ $3,262
Savings and Temporary Cash Investments$38,920$38,927▲ $7
Prepaid Expenses and Deferred Charges$519$2,428▲ $1,909
Total Assets$7,028,881$8,508,046▲ $1,479,165
Other Assets Total$937,343$1,271,522▲ $334,179
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,115,997$1,103,049▼ $12,948
Accounts Payable and Accrued Expenses$35,945$76,268▲ $40,323
Deferred Revenue$14,484$43,252▲ $28,768
Other Liabilities$17,603$18,906▲ $1,303
Total Liabilities$1,184,029$1,241,475▲ $57,446
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,844,852$7,266,571▲ $1,421,719
Total Net Assets Fund Balance$5,844,852$7,266,571▲ $1,421,719
Total Liabilities and Net Assets / Fund Balance$7,028,881$8,508,046▲ $1,479,165

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,883,172$1,049,280$2,932,452
Land$450,000-$450,000
Equipment$4,267$142,353$146,620
Investment Program Related Org$3,548,508--
Other Assets Org$17,294--
Compensation and Service Providers
Top Officer Pay23rd percentile

Board Members and Trustees

NameTitle
William B Duffy JrPresident
Barbara FloydDirector
David MoyerDirector
Sherrell MatthewsDirector
Elva AllenSecretary
Venessa DeloachTreasurer
Robert DraineVice Pres
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,681,851
Investment Income
$14,971
Other Revenue
$0
Change in Net Assets
$1,160,307

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,696,822
Total Revenue per Audited Statements
$1,696,822
Total Revenue per Form 990
$1,696,822
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$450,596
Salaries, Compensation, and Employee Benefits$85,919
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$152,503--$152,503
Depreciation Depletion$96,438--$96,438
Other Salaries and Wages$69,036--$69,036
Fees for Services Management$62,952--$62,952
Fees for Services Accounting$11,000$24,655-$35,655
Insurance$23,326--$23,326
Office Expenses$13,053$5,863-$18,916
Interest$18,119--$18,119
Other Employee Benefits$11,803--$11,803
Payroll Taxes$5,080--$5,080
Fees for Services Legal$2,057$1,407-$3,464
Other Expenses$14,049$1,849-$1,849
Travel$1,810--$1,810
Total Functional Expenses$502,741$33,774$0$536,515

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$536,515
Total Expenses per Audited Statements$536,515
Total Expenses per Form 990$536,515
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposit Liability$17,294
Accrued Loan Interest$1,612
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

“The low income housing projects are managed by an independent management agent knowledgeable in such activities.”

Form 990, Page 6, Part VI, Line 11B

“Form 990 is presented at a board of directors' meeting for review and approval.”

Form 990, Page 6, Part VI, Line 15A

“All compensation is paid to employees by a management company that manages the apartment units. No officials are compensated. Compensation is paid in conjunction with a budget approved by a federal agency.”

Form 990, Page 6, Part VI, Line 15B

“Management company sets pay rates and pays employees.”

Form 990, Page 6, Part VI, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Millsboro Housing for Progressinc
EIN
51-0262153
Phone
3029346491
Address
P O BOX 177, MILLSBORO, DE 19966

Signing Officer

Name
Venessa Deloach
Title
Treasurer
Phone
3027451529
Signed
2025-08-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William B Duffy Jr
Formed
1977
Legal Domicile
De
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Lank Johnson & Tull Cpas
Address
521 N MARKET ST EXT, SEAFORD, DE 19973
Preparer
Richard L Tull CPA
Phone
3026299543
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Owner/sponsor of federally subsidized multi-family housing projects under the national housing act of 1934 providing 118 units to low or moderate income families.”

Form 990, Part XI, Line 9

“Current expected credit loss -3,373”

Financial Statement Notes

Schedule D, Page 3, Part X

“The corporation received a determination letter from the internal revenue service that grants an exemption from federal income taxes under section 501(c)(3) of the internal revenue code (irc), as an organization other than a private foundation, except for any income that may be a result of unrelated business transactions. The corporation follows accounting standards codification ("asc") no. 740, "income taxes," a provision for which an organization must recognize the tax benefit associated with tax positions taken when it is more-likely-than-not that the position will be sustained. Management does not believe there are any material uncertain tax positions, and, accordingly, it has not recognized any liability for unrecognized tax benefits. The corporation's information returns are generally subject to irs scrutiny for up to three years from the due date for filing the returns.”

Raw XML AppendixShowing 400 of 417 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/OtherExpensesGrp/Desc1BAD DEBTS
IRS990/OtherExpensesGrp/Desc2OTHER TAXES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01849
IRS990/OtherExpensesGrp/ProgramServicesAmt021515
IRS990/OtherExpensesGrp/ProgramServicesAmt114049
IRS990/OtherExpensesGrp/TotalAmt021515
IRS990/OtherExpensesGrp/TotalAmt114049
IRS990/OtherExpensesGrp/TotalAmt21849
IRS990/OtherLiabilitiesGrp/BOYAmt017603
IRS990/OtherLiabilitiesGrp/EOYAmt018906
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt069036
IRS990/OtherSalariesAndWagesGrp/TotalAmt069036
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt05080
IRS990/PayrollTaxesGrp/TotalAmt05080
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0519
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02428
IRS990/PrincipalOfficerNm0WILLIAM B DUFFY JR
IRS990/PriorPeriodAdjustmentsAmt0264785
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0DEVELOPMENT FEES
IRS990/ProgramServiceRevenueGrp/Desc1HOUSING ASSISTANCE PAYMENTS
IRS990/ProgramServiceRevenueGrp/Desc2APARTMENT RENTS
IRS990/ProgramServiceRevenueGrp/Desc3TENANT CHARGES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01000000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1530252
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2148267
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt33332
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01000000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1530252
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2148267
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt33332
IRS990/ProgSrvcAccomActyOtherGrp/Desc0OWNER/SPONSOR OF FEDERALLY SUBSIDIZED MULTI-FAMILY HOUSING PROJECTS UNDER THE NATIONAL HOUSING ACT OF 1934 PROVIDING 118 UNITS TO LOW OR MODERATE INCOME FAMILIES.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt06530
IRS990/PYOtherExpensesAmt0456991
IRS990/PYProgramServiceRevenueAmt0650990
IRS990/PYRevenuesLessExpensesAmt0132765
IRS990/PYSalariesCompEmpBnftPaidAmt067764
IRS990/PYTotalExpensesAmt0524755
IRS990/PYTotalRevenueAmt0657520
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt01160307
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RevenueAmt01681851
IRS990/SavingsAndTempCashInvstGrp/BOYAmt038920
IRS990/SavingsAndTempCashInvstGrp/EOYAmt038927
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0DEVELOPERS FEE 1,000,000
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0530252
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0550333
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0459170
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02280000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0822592
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04642347
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt014971
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt06530
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt03035
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt03283
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt07423
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt035242
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt05023302
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt01000000
IRS990ScheduleA/OtherIncome170Grp/TotalAmt01000000
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.81770
IRS990ScheduleA/PublicSupportPY170Pct00.99420
IRS990ScheduleA/PublicSupportTotal170Amt04642347
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0530252
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0550333
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0459170
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02280000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0822592
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04642347
IRS990ScheduleA/TotalSupportAmt05677589
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01883172
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01049280
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02932452
IRS990ScheduleD/EquipmentGrp/BookValueAmt04267
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0142353
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0146620
IRS990ScheduleD/ExpensesSubtotalAmt0536515
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt03548508
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENT IN MILLSBORO LANDING
IRS990ScheduleD/LandGrp/BookValueAmt0450000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0450000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0965335
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1288893
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt217294
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0FUNDED MORTGAGE ESCROWS AND RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1OLD LANDING II, LP CAPITAL
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2SECURITY DEPOSITS ESCROW
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt017294
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11612
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSIT LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED LOAN INTEREST
IRS990ScheduleD/RevenueSubtotalAmt01696822
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE THAT GRANTS AN EXEMPTION FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC), AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION, EXCEPT FOR ANY INCOME THAT MAY BE A RESULT OF UNRELATED BUSINESS TRANSACTIONS. THE CORPORATION FOLLOWS ACCOUNTING STANDARDS CODIFICATION ("ASC") NO. 740, "INCOME TAXES," A PROVISION FOR WHICH AN ORGANIZATION MUST RECOGNIZE THE TAX BENEFIT ASSOCIATED WITH TAX POSITIONS TAKEN WHEN IT IS MORE-LIKELY-THAN-NOT THAT THE POSITION WILL BE SUSTAINED. MANAGEMENT DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS, AND, ACCORDINGLY, IT HAS NOT RECOGNIZED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE CORPORATION'S INFORMATION RETURNS ARE GENERALLY SUBJECT TO IRS SCRUTINY FOR UP TO THREE YEARS FROM THE DUE DATE FOR FILING THE RETURNS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02337439
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01271522
IRS990ScheduleD/TotalBookValueProgramRltdAmt03548508
IRS990ScheduleD/TotalExpensesPerForm990Amt0536515
IRS990ScheduleD/TotalLiabilityAmt018906
IRS990ScheduleD/TotalRevenuePerForm990Amt01696822
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01696822
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0536515
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OWNER/SPONSOR OF FEDERALLY SUBSIDIZED MULTI-FAMILY HOUSING PROJECTS UNDER THE NATIONAL HOUSING ACT OF 1934 PROVIDING 118 UNITS TO LOW OR MODERATE INCOME FAMILIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE LOW INCOME HOUSING PROJECTS ARE MANAGED BY AN INDEPENDENT MANAGEMENT AGENT KNOWLEDGEABLE IN SUCH ACTIVITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS PRESENTED AT A BOARD OF DIRECTORS' MEETING FOR REVIEW AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL COMPENSATION IS PAID TO EMPLOYEES BY A MANAGEMENT COMPANY THAT MANAGES THE APARTMENT UNITS. NO OFFICIALS ARE COMPENSATED. COMPENSATION IS PAID IN CONJUNCTION WITH A BUDGET APPROVED BY A FEDERAL AGENCY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MANAGEMENT COMPANY SETS PAY RATES AND PAYS EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CURRENT EXPECTED CREDIT LOSS -3,373
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0MILLSBORO
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine2Txt0HOUSING
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0MILLSBORO VILLAGE I LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0270658696
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0DE
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0RENTALS
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt0PO BOX 177
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0MILLSBORO
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0DE
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd019966
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt07028881
IRS990/TotalAssetsEOYAmt08508046
IRS990/TotalAssetsGrp/BOYAmt07028881
IRS990/TotalAssetsGrp/EOYAmt08508046
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt033774
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0502741
IRS990/TotalFunctionalExpensesGrp/TotalAmt0536515
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01184029
IRS990/TotalLiabilitiesEOYAmt01241475
IRS990/TotalLiabilitiesGrp/BOYAmt01184029
IRS990/TotalLiabilitiesGrp/EOYAmt01241475
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05844852
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07266571
IRS990/TotalProgramServiceExpensesAmt0502741
IRS990/TotalProgramServiceRevenueAmt01681851
IRS990/TotalRevenueGrp/ExclusionAmt014971
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01681851
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01696822
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07028881
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt08508046
IRS990/TravelGrp/ProgramServicesAmt01810
IRS990/TravelGrp/TotalAmt01810
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt029494 MILLSBORO HIGHWAY
IRS990/USAddress/CityNm0MILLSBORO
IRS990/USAddress/StateAbbreviationCd0DE
IRS990/USAddress/ZIPCd019966
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
IRS990/WrittenPolicyOrProcedureInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0VENESSA DELOACH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03027451529
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-08-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MILLSBORO HOUSING FOR PROGRESSINC
ReturnHeader/Filer/BusinessNameControlTxt0MILL
ReturnHeader/Filer/EIN0510262153
ReturnHeader/Filer/PhoneNum03029346491
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 177
ReturnHeader/Filer/USAddress/CityNm0MILLSBORO

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