Multi Ethnic Development
990 • Fiscal year 2012 • EIN 94-2389209
Siviq Scores
Scores are not available for this record yet.
Balance Sheet
Assets
Flat$780,935
Flat from 2012
Net Assets
Flat$140,127
Flat from 2012
Liabilities
Flat$640,808
Flat from 2012
Revenue And Expenses
Revenue
-
No earlier filing loaded for comparison.
Expenses
Flat$191,762
Flat from 2012
Net Income
-
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2011 to Jun 30, 2012
- Signed
- Feb 9, 2013
- Return Version
- 2011v1.5
- Gross Receipts
- $3,660,748
Mission and Program Overview
Mission
The organization is one of salt lake city's oldest nonprofit organizations involved in the development, ownership, and management of affordable housing. The mission of the organization is to serve the community by developing, owning, and managing clean, safe, affordable housing for low and moderate income populations.
Filing and Contact Details
Filer
- EIN
- 94-2389209
Raw XML AppendixShowing 400 of 459 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.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReview | 0 | false |
| IRS990/AccountsPayableAccruedExpenses/BOY | 0 | 30250 |
| IRS990/AccountsPayableAccruedExpenses/EOY | 0 | 11622 |
| IRS990/AccountsReceivable/BOY | 0 | 28480 |
| IRS990/AccountsReceivable/EOY | 0 | 111845 |
| IRS990/ActivitiesConductedPartnership | 0 | false |
| IRS990/ActivityOrMissionDescription | 0 | THE ORGANIZATION IS ONE OF SALT LAKE CITY'S OLDEST NONPROFIT ORGANIZATIONS INVOLVED IN THE DEVELOPMENT, OWNERSHIP, AND MANAGEMENT OF AFFORDABLE HOUSING. THE MISSION OF THE ORGANIZATION IS TO SERVE THE COMMUNITY BY DEVELOPING, OWNING, AND MANAGING CLEAN, SAFE, AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME POPULATIONS. |
| IRS990/AddressChange | 0 | X |
| IRS990/AddressPrincipalOfficerUS/AddressLine1 | 0 | 925 SOUTH 200 WEST SUITE C |
| IRS990/AddressPrincipalOfficerUS/City | 0 | SALT LAKE CITY |
| IRS990/AddressPrincipalOfficerUS/State | 0 | UT |
| IRS990/AddressPrincipalOfficerUS/ZIPCode | 0 | 841013010 |
| IRS990/AnnualDisclosureCoveredPersons | 0 | true |
| IRS990/BenefitsPaidToMembersCY | 0 | 0 |
| IRS990/BsnssRltnshpThruFamilyMember | 0 | false |
| IRS990/BsnssRltnshpWithOrganization | 0 | false |
| IRS990/CashNonInterestBearing/BOY | 0 | 199313 |
| IRS990/CashNonInterestBearing/EOY | 0 | 103778 |
| IRS990/ChangesToOrganizingDocs | 0 | false |
| IRS990/CollectionsOfArt | 0 | false |
| IRS990/CompensationFromOtherSources | 0 | false |
| IRS990/CompensationProcessCEO | 0 | true |
| IRS990/CompensationProcessOther | 0 | true |
| IRS990/ComplianceWithBackupWitholding | 0 | true |
| IRS990/ConflictOfInterestPolicy | 0 | true |
| IRS990/ConservationEasements | 0 | false |
| IRS990/ConsolidatedAuditFinancialStmt | 0 | false |
| IRS990/ContributionsGrantsCurrentYear | 0 | 11243 |
| IRS990/ContributionsGrantsPriorYear | 0 | 25957 |
| IRS990/CreditCounseling | 0 | false |
| IRS990/DecisionsSubjectToApproval | 0 | false |
| IRS990/DeductibleContributionsOfArt | 0 | false |
| IRS990/DeductibleNonCashContributions | 0 | false |
| IRS990/DelegationOfManagementDuties | 0 | false |
| IRS990/DepreciationDepletion/ManagementAndGeneral | 0 | 2089 |
| IRS990/DepreciationDepletion/Total | 0 | 2089 |
| IRS990/DescribedIn501C3 | 0 | true |
| IRS990/Description | 0 | FISCAL 2011/12 PROVED TO BE ANOTHER CHALLENGING YEAR FOR MULTI-ETHNIC DEVELOPMENT CORPORATION (MEDC). IN THE 2009/10 SUMMARY OF MAJOR ACCOMPLISHMENTS, MEDC REPORTED PLANS TO FORM PARTNERSHIPS WITH A DIVERSIFIED SET OF COMMUNITY PARTNERS, INCLUDING: COLOR COUNTRY COMMUNITY HOUSING, INC. (CCCHI), NEIGHBORHOOD NONPROFIT HOUSING CORPORATION (NNHC), THE HOUSING AUTHORITY OF THE COUNTY OF SALT LAKE (HACSL), UTAH NONPROFIT HOUSING CORPORATION (UNPHC) AND THE SELLERS GROUP, TO TAKE OVER MEDCS HOUSING PORTFOLIO. IN 2011/12, THE ORGANIZATION GRAPPLED WITH CHANGES TO THE PLANNED PARTNERSHIPS, AS THE LANDSCAPE FOR PLACING OUR HOUSING UNITS ONCE AGAIN CHANGED, LEAVING MEDC IN THE POSITION OF ESTABLISHING NEW PARTNERSHIPS AND/OR IDENTIFYING NEW PROPERTIES FOR PLACING THE REMAINING UNCLAIMED UNITS. THREE YEARS AGO, WHEN WE MADE THE DIFFICULT CHOICE TO CLOSE MEDC, THE BOARD AND STAFF BELIEVED STRONGLY THAT THE ECONOMICS OF THINGS WOULD MEAN THAT OUR HOUSING UNITS WOULD EMERGE FROM THIS TRANSFER IN A MUCH BETTER POSITION. THAT REMAINS OUR POSITION TODAY. HOWEVER, WE ARE NOW LOOKING AT A NEW SET OF PARTNERS, WHICH INCLUDES PLACING THE WENDELL APARTMENTS AND GREEN STREET/SECOND WEST APARTMENTS WITH THE ROAD HOME. THE REMAINING FOUR PROPERTIES WHICH INCLUDE BEAR RIVER SENIOR APARTMENTS, MOUNTAIN SHADOW APARTMENTS, RIVERVIEW SENIOR APARTMENTS AND STONERIDGE I & II APARTMENTS WILL BE PLACED WITH NEIGHBORHOOD NONPROFIT HOUSING CORPORATION (NNHC), BASED ON THE APPROVAL OF UTAH HOUSING CORPORATION. A DEVELOPMENT TEAM WAS PUT IN PLACE TO BRING THE BLANDING PROJECT TO FRUITION. BY THE END OF THE FISCAL YEAR, THE GRAYSON APARTMENT PROJECT WAS IN FACT PLACED WITH COLOR COUNTRY COMMUNITY HOUSING, INC., OUT OF ST. GEORGE, UTAH. THE TRANSACTION INVOLVED THE COMMITMENT TO REIMBURSE 50,000 IN PREDEVELOPMENT COSTS TO MULTI-ETHNIC DEVELOPMENT CORPORATION IN LATE FALL OF 2012. IN 2011/12, MEDC CONTINUED TO OPERATE EFFECTIVELY THROUGH BOARD INVOLVEMENT AND A PAID CONSULTANT. MEDCS AIM IN 2012/13 IS TO DILIGENTLY CONTINUE WORK ON THE SUCCESSFUL TRANSFER OF ITS REMAINING PROPERTY PORTFOLIO. |
| IRS990/DisregardedEntity | 0 | false |
| IRS990/DocumentRetentionPolicy | 0 | true |
| IRS990/DonorAdvisedFunds | 0 | false |
| IRS990/ElectionOfBoardMembers | 0 | false |
| IRS990/ExcessBenefitTransaction | 0 | false |
| IRS990/Expense | 0 | 179340 |
| IRS990/FamilyOrBusinessRelationship | 0 | false |
| IRS990/FederalGrantAuditRequired | 0 | false |
| IRS990/FeesForServicesAccounting/ManagementAndGeneral | 0 | 3102 |
| IRS990/FeesForServicesAccounting/Total | 0 | 3102 |
| IRS990/FeesForServicesLegal/ManagementAndGeneral | 0 | 177 |
| IRS990/FeesForServicesLegal/Total | 0 | 177 |
| IRS990/FeesForServicesOther/ManagementAndGeneral | 0 | 175 |
| IRS990/FeesForServicesOther/Total | 0 | 175 |
| IRS990/FollowSFAS117 | 0 | X |
| IRS990/ForeignActivities | 0 | false |
| IRS990/ForeignFinancialAccount | 0 | false |
| IRS990/ForeignOffice | 0 | false |
| IRS990/Form8282PropertyDisposedOf | 0 | false |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 0 | 1.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 1 | 1.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 2 | 1.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 3 | 1.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 4 | 1.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 5 | 1.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 6 | 1.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 7 | 5.00 |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 0 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 1 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 2 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 3 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 4 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 5 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 6 | X |
| IRS990/Form990PartVIISectionA/NamePerson | 0 | MARCI MILLIGAN |
| IRS990/Form990PartVIISectionA/NamePerson | 1 | CLIFF PEDERSEN |
| IRS990/Form990PartVIISectionA/NamePerson | 2 | PAULA MARSH |
| IRS990/Form990PartVIISectionA/NamePerson | 3 | PAULA CARL |
| IRS990/Form990PartVIISectionA/NamePerson | 4 | SHELLIE BARRUS |
| IRS990/Form990PartVIISectionA/NamePerson | 5 | NATHAN JOHNSON |
| IRS990/Form990PartVIISectionA/NamePerson | 6 | SHAWN TEIGEN |
| IRS990/Form990PartVIISectionA/NamePerson | 7 | TROY HART |
| IRS990/Form990PartVIISectionA/Officer | 0 | X |
| IRS990/Form990PartVIISectionA/OtherCompensation | 0 | 0 |
| IRS990/Form990PartVIISectionA/OtherCompensation | 1 | 0 |
| IRS990/Form990PartVIISectionA/OtherCompensation | 2 | 0 |
| IRS990/Form990PartVIISectionA/OtherCompensation | 3 | 0 |
| IRS990/Form990PartVIISectionA/OtherCompensation | 4 | 0 |
| IRS990/Form990PartVIISectionA/OtherCompensation | 5 | 0 |
| IRS990/Form990PartVIISectionA/OtherCompensation | 6 | 0 |
| IRS990/Form990PartVIISectionA/OtherCompensation | 7 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 0 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 1 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 2 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 3 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 4 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 5 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 6 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 7 | 11795 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 0 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 1 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 2 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 3 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 4 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 5 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 6 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 7 | 0 |
| IRS990/Form990PartVIISectionA/Title | 0 | PRESIDENT |
| IRS990/Form990PartVIISectionA/Title | 1 | VICE PRES. |
| IRS990/Form990PartVIISectionA/Title | 2 | TREASURER |
| IRS990/Form990PartVIISectionA/Title | 3 | SECRETARY |
| IRS990/Form990PartVIISectionA/Title | 4 | BOARD MEMBER |
| IRS990/Form990PartVIISectionA/Title | 5 | BOARD MEMBER |
| IRS990/Form990PartVIISectionA/Title | 6 | BOARD MEMBER |
| IRS990/Form990PartVIISectionA/Title | 7 | INTERIM ED |
| IRS990/Form990ProvidedToGoverningBody | 0 | true |
| IRS990/FormersListed | 0 | false |
| IRS990/FSAudited | 0 | false |
| IRS990/FundraisingActivities | 0 | false |
| IRS990/FundsToPayPremiums | 0 | false |
| IRS990/GainOrLoss/Other | 0 | -41372 |
| IRS990/GainOrLoss/Securities | 0 | 76890 |
| IRS990/Gaming | 0 | false |
| IRS990/GovernmentGrants | 0 | 11243 |
| IRS990/Grants | 0 | 106358 |
| IRS990/GrantsAndSimilarAmntsCY | 0 | 106358 |
| IRS990/GrantsAndSimilarAmntsPriorYear | 0 | 72840 |
| IRS990/GrantsToDomesticOrgs/ProgramServices | 0 | 106358 |
| IRS990/GrantsToDomesticOrgs/Total | 0 | 106358 |
| IRS990/GrantsToIndividuals | 0 | false |
| IRS990/GrantsToOrganizations | 0 | true |
| IRS990/GrantToRelatedPerson | 0 | false |
| IRS990/GrossAmountSalesAssets/Other | 0 | 1397340 |
| IRS990/GrossAmountSalesAssets/Securities | 0 | 2046811 |
| IRS990/GrossReceipts | 0 | 3660748 |
| IRS990/GrossRents/Real | 0 | 114735 |
| IRS990/GroupReturnForAffiliates | 0 | false |
| IRS990/Hospital | 0 | false |
| IRS990/IndependentAuditFinancialStmt | 0 | false |
| IRS990/IndoorTanningServices | 0 | false |
| IRS990/InfoInScheduleOPartIII | 0 | X |
| IRS990/InfoInScheduleOPartVI | 0 | X |
| IRS990/Insurance/ManagementAndGeneral | 0 | 1753 |
| IRS990/Insurance/Total | 0 | 1753 |
| IRS990/InvestmentIncomeCurrentYear | 0 | 35518 |
| IRS990/InvestmentIncomePriorYear | 0 | 86 |
| IRS990/InvestmentInJointVenture | 0 | false |
| IRS990/LandBldgEquipmentAccumDeprec | 0 | 133683 |
| IRS990/LandBuildingsEquipmentBasis | 0 | 673469 |
| IRS990/LandBuildingsEquipmentBasisNet/BOY | 0 | 2002288 |
| IRS990/LandBuildingsEquipmentBasisNet/EOY | 0 | 539786 |
| IRS990/LessCostOthBasisSalesExpenses/Other | 0 | 1438712 |
| IRS990/LessCostOthBasisSalesExpenses/Securities | 0 | 1969921 |
| IRS990/LessRentalExpenses/Real | 0 | 100390 |
| IRS990/LoanToOfficerOrDQP | 0 | false |
| IRS990/LobbyingActivities | 0 | false |
| IRS990/LocalChapters | 0 | false |
| IRS990/MaterialDiversionOrMisuse | 0 | false |
| IRS990/MembersOrStockholders | 0 | false |
| IRS990/MethodOfAccountingAccrual | 0 | X |
| IRS990/MinutesOfCommittees | 0 | true |
| IRS990/MinutesOfGoverningBody | 0 | true |
| IRS990/MissionDescription | 0 | THE ORGANIZATION IS ONE OF SALT LAKE CITY'S OLDEST NONPROFIT ORGANIZATIONS INVOLVED IN THE DEVELOPMENT, OWNERSHIP, AND MANAGEMENT OF AFFORDABLE HOUSING. THE MISSION OF THE ORGANIZATION IS TO SERVE THE COMMUNITY BY DEVELOPING, OWNING, AND MANAGING CLEAN, SAFE, AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME POPULATIONS. |
| IRS990/MoreThan5000KToIndividuals | 0 | false |
| IRS990/MoreThan5000KToOrganizations | 0 | false |
| IRS990/MortNotesPyblSecuredInvestProp/BOY | 0 | 2045056 |
| IRS990/MortNotesPyblSecuredInvestProp/EOY | 0 | 625276 |
| IRS990/NameOfPrincipalOfficerPerson | 0 | MARCI MILLIGAN |
| IRS990/NbrIndependentVotingMembers | 0 | 7 |
| IRS990/NbrVotingGoverningBodyMembers | 0 | 7 |
| IRS990/NbrVotingMembersGoverningBody | 0 | 7 |
| IRS990/NetAssetsOrFundBalancesBOY | 0 | 180164 |
| IRS990/NetAssetsOrFundBalancesEOY | 0 | 140127 |
| IRS990/NetGainOrLossInvestments/RelatedOrExemptFunctionIncome | 0 | 35518 |
| IRS990/NetGainOrLossInvestments/TotalRevenueColumn | 0 | 35518 |
| IRS990/NetRentalIncomeOrLoss/RelatedOrExemptFunctionIncome | 0 | 14345 |
| IRS990/NetRentalIncomeOrLoss/TotalRevenueColumn | 0 | 14345 |
| IRS990/NonDeductibleContributions | 0 | false |
| IRS990/NumberFormsTransmittedWith1096 | 0 | 1 |
| IRS990/NumberIndependentVotingMembers | 0 | 7 |
| IRS990/NumberOfEmployees | 0 | 0 |
| IRS990/NumberW2GIncluded | 0 | 0 |
| IRS990/Occupancy/ManagementAndGeneral | 0 | 3000 |
| IRS990/Occupancy/Total | 0 | 3000 |
| IRS990/OfficeExpenses/ManagementAndGeneral | 0 | 2126 |
| IRS990/OfficeExpenses/Total | 0 | 2126 |
| IRS990/OfficerEntityWithBsnssRltnshp | 0 | false |
| IRS990/OfficerMailingAddress | 0 | false |
| IRS990/Organization501c3 | 0 | X |
| IRS990/OtherAssetsTotal/BOY | 0 | 1737439 |
| IRS990/OtherAssetsTotal/EOY | 0 | 25131 |
| IRS990/OtherExpensePriorYear | 0 | 20734 |
| IRS990/OtherExpensesCurrentYear | 0 | 85404 |
| IRS990/OtherExpenses/Description | 0 | DEVELOPMENT COSTS |
| IRS990/OtherExpenses/ProgramServices | 0 | 72982 |
| IRS990/OtherExpenses/Total | 0 | 72982 |
| IRS990/OtherLiabilities/BOY | 0 | 1714181 |
| IRS990/OtherLiabilities/EOY | 0 | 3910 |
| IRS990/OtherRevenueCurrentYear | 0 | 14345 |
| IRS990/OtherRevenuePriorYear | 0 | -9374 |
| IRS990/OtherWebsite | 0 | X |
| IRS990/PartialLiquidation | 0 | true |
| IRS990/PoliticalActivities | 0 | false |
| IRS990/PremiumsPaid | 0 | false |
| IRS990/PrepaidExpensesDeferredCharges/BOY | 0 | 2131 |
| IRS990/PrepaidExpensesDeferredCharges/EOY | 0 | 395 |
| IRS990/PriorExcessBenefitTransaction | 0 | false |
| IRS990/ProfessionalFundraising | 0 | false |
| IRS990/ProgramServiceRevenueCY | 0 | 90619 |
| IRS990/ProgramServiceRevenue/Description | 0 | DEVELOPMENT FEES |
| IRS990/ProgramServiceRevenuePriorYear | 0 | 8400 |
| IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome | 0 | 90619 |
| IRS990/ProgramServiceRevenue/TotalRevenueColumn | 0 | 90619 |
| IRS990/ProhibitedTaxShelterTrans | 0 | false |
| IRS990/QuidProQuoContributions | 0 | false |
| IRS990/ReconcilationRevenueExpenses | 0 | -40037 |
| IRS990/RegularMonitoringEnforcement | 0 | true |
| IRS990/RelatedEntity | 0 | false |
| IRS990/RelatedOrgControlledEntity | 0 | false |
| IRS990/RentalIncomeOrLoss/Real | 0 | 14345 |
| IRS990/ReportFin48Footnote | 0 | false |
| IRS990/ReportInvestOthSecurities | 0 | false |
| IRS990/ReportLandBldgEquip | 0 | true |
| IRS990/ReportOtherAssets | 0 | false |
| IRS990/ReportOtherLiabilities | 0 | true |
| IRS990/ReportProgRelInvest | 0 | false |
| IRS990/Revenue | 0 | 90619 |
| IRS990/RevenuesLessExpensesCY | 0 | -40037 |
| IRS990/RevenuesLessExpensesPriorYear | 0 | -111996 |
| IRS990/SalariesEtcCurrentYear | 0 | 0 |
| IRS990/SalariesEtcPriorYear | 0 | 43491 |
| IRS990ScheduleA/AmountsSubstContributorsTotal | 0 | 21250 |
| IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYear | 0 | 11243 |
| IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus1Year | 0 | 25957 |
| IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus2Years | 0 | 53957 |
| IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus3Years | 0 | 196690 |
| IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus4Years | 0 | 152514 |
| IRS990ScheduleA/GiftsGrantsContribReceived170/Total | 0 | 440361 |
| IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYear | 0 | 114735 |
| IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus1Year | 0 | 328076 |
| IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus2Years | 0 | 324663 |
| IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus3Years | 0 | 308885 |
| IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus4Years | 0 | 389774 |
| IRS990ScheduleA/GrossInvestmentIncome170/Total | 0 | 1466133 |
| IRS990ScheduleA/GrossReceiptsFromAdmissionsEtc | 0 | 296155 |
| IRS990ScheduleA/OtherIncome170/CurrentTaxYearMinus1Year | 0 | 495 |
| IRS990ScheduleA/OtherIncome170/CurrentTaxYearMinus2Years | 0 | 8381 |
| IRS990ScheduleA/OtherIncome170/CurrentTaxYearMinus3Years | 0 | 22106 |
| IRS990ScheduleA/OtherIncome170/Total | 0 | 30982 |
| IRS990ScheduleA/PubliclySupportedOrg170b1Avi | 0 | X |
| IRS990ScheduleA/PublicSupportPertcentage170 | 0 | 0.21630 |
| IRS990ScheduleA/PublicSupportPertcentPriorYear | 0 | 0.34130 |
| IRS990ScheduleA/PublicSupportTotal170 | 0 | 419111 |
| IRS990ScheduleA/ThirtyThreePercntTestsPY170 | 0 | X |
| IRS990ScheduleA/Total170/CurrentTaxYear | 0 | 11243 |
| IRS990ScheduleA/Total170/CurrentTaxYearMinus1Year | 0 | 25957 |
| IRS990ScheduleA/Total170/CurrentTaxYearMinus2Years | 0 | 53957 |
| IRS990ScheduleA/Total170/CurrentTaxYearMinus3Years | 0 | 196690 |
| IRS990ScheduleA/Total170/CurrentTaxYearMinus4Years | 0 | 152514 |
| IRS990ScheduleA/Total170/Total | 0 | 440361 |
| IRS990ScheduleA/TotalSupport | 0 | 1937476 |
| IRS990ScheduleB/ContributorInfo/AggregateContributions | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInfo/ContributorAddressUS/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInfo/ContributorAddressUS/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInfo/ContributorAddressUS/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInfo/ContributorNameBusiness/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInfo/ContributorNumber | 0 | RESTRICTED |
| IRS990/ScheduleBRequired | 0 | true |
| IRS990ScheduleD/AgentTrusteeEtc | 0 | false |
| IRS990ScheduleD/AreRelatedOrgsListedScheduleR | 0 | false |
| IRS990ScheduleD/Buildings/BookValue | 0 | 492739 |
| IRS990ScheduleD/Buildings/Depreciation | 0 | 121240 |
| IRS990ScheduleD/Buildings/OtherCostOrOtherBasis | 0 | 613979 |
| IRS990ScheduleD/DisclosedForCharitablePurposes | 0 | false |
| IRS990ScheduleD/DisclosedOrgsLegalControl | 0 | false |
| IRS990ScheduleD/EndowmentsHeldByRelatedOrgs | 0 | false |
| IRS990ScheduleD/EndowmentsHeldByUnrelatedOrgs | 0 | false |
| IRS990ScheduleD/Equipment/BookValue | 0 | 861 |
| IRS990ScheduleD/Equipment/Depreciation | 0 | 12443 |
| IRS990ScheduleD/Equipment/OtherCostOrOtherBasis | 0 | 13304 |
| IRS990ScheduleD/ExcessOrDeficitForYear | 0 | -40037 |
| IRS990ScheduleD/ExcessOrDeficitPerFS | 0 | -40037 |
| IRS990ScheduleD/ExpensesNotRptdF990 | 0 | 141762 |
| IRS990ScheduleD/ExpensesSubtotal | 0 | 191762 |
| IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation | 0 | RENTAL EXPENSES 100,390 SALE/DONATION OF PROPERTIES 41,372 RENTAL EXPENSES -100,390 SALE/DONATION OF PROPERTIES -41,372 |
| IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation | 1 | RENTAL EXPENSES 100,390 SALE/DONATION OF PROPERTIES 41,372 |
| IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation | 2 | RENTAL EXPENSES 100,390 SALE/DONATION OF PROPERTIES 41,372 |
| IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier | 0 | RECONCILIATION OF CHANGES - OTHER |
| IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier | 1 | REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER |
| IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier | 2 | EXPENSE AMOUNTS INCLUDED IN FINANCIALS - OTHER |
| IRS990ScheduleD/Form990ScheduleDPartXIV/ReturnReference | 0 | SCHEDULE D, PAGE 4, PART XI, LINE 8 |
| IRS990ScheduleD/Form990ScheduleDPartXIV/ReturnReference | 1 | SCHEDULE D, PAGE 4, PART XII, LINE 2D |
| IRS990ScheduleD/Form990ScheduleDPartXIV/ReturnReference | 2 | SCHEDULE D, PAGE 4, PART XIII, LINE 2D |
| IRS990ScheduleD/IncludedOnFS | 0 | false |
| IRS990ScheduleD/Land/BookValue | 0 | 46186 |
| IRS990ScheduleD/Land/OtherCostOrOtherBasis | 0 | 46186 |
| IRS990ScheduleD/OtherExpensesIncluded | 0 | 141762 |
| IRS990ScheduleD/OtherLiabilities/Amount | 0 | 3910 |
| IRS990ScheduleD/OtherLiabilities/Description | 0 | TENANT SECURITY DEPOSITS |
| IRS990ScheduleD/OtherLiabilities/Description | 1 | CONSTRUCTION LOANS |
| IRS990ScheduleD/OtherRevenues | 0 | 141762 |
| IRS990ScheduleD/RevenueNotRptdF990 | 0 | 141762 |
| IRS990ScheduleD/RevenueSubtotal | 0 | 151725 |
| IRS990ScheduleD/Sect170hRequirementsSatisfied | 0 | false |
| IRS990ScheduleD/SolicitedAssetsForSale | 0 | false |
| IRS990ScheduleD/TotalExpenses | 0 | 191762 |
| IRS990ScheduleD/TotalExpensesPerForm990 | 0 | 191762 |
| IRS990ScheduleD/TotalOfAmounts | 0 | 3910 |
| IRS990ScheduleD/TotalOfBookValueLandBuildings | 0 | 539786 |
| IRS990ScheduleD/TotalRevenue | 0 | 151725 |
| IRS990ScheduleD/TotalRevenuePerForm990 | 0 | 151725 |
| IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt | 0 | 333524 |
| IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt | 0 | 293487 |
| IRS990ScheduleD/WrittenPolicyMonitoring | 0 | false |
| IRS990ScheduleI/RecipientTable/AddressUS/AddressLine1 | 0 | 139 N 100 W |
| IRS990ScheduleI/RecipientTable/AddressUS/City | 0 | ST GEORGE |
| IRS990ScheduleI/RecipientTable/AddressUS/State | 0 | UT |
| IRS990ScheduleI/RecipientTable/AddressUS/ZIPCode | 0 | 84770 |
| IRS990ScheduleI/RecipientTable/AmountOfNonCashAssistance | 0 | 106358 |
| IRS990ScheduleI/RecipientTable/DescriptionOfNonCashAssistance | 0 | LAND |
| IRS990ScheduleI/RecipientTable/EINOfRecipient | 0 | 870617908 |
| IRS990ScheduleI/RecipientTable/IRCSection | 0 | 501 |
| IRS990ScheduleI/RecipientTable/MethodOfValuation | 0 | BOOK VALUE |
| IRS990ScheduleI/RecipientTable/PurposeOfGrant | 0 | AFFORDABLE HOUSING |
| IRS990ScheduleI/RecipientTable/RecipientNameBusiness/BusinessNameLine1 | 0 | COLOR COUNTY COMMUNITY HOUSING |
| IRS990ScheduleI/RecordsMaintained | 0 | false |
| IRS990/ScheduleJRequired | 0 | false |
| IRS990ScheduleN/DirectorOfSuccessor2 | 0 | false |
| IRS990ScheduleN/DispositionTable/AddressUS/AddressLine1 | 0 | 12636 SOUTH 125 WEST STE A |
| IRS990ScheduleN/DispositionTable/AddressUS/AddressLine1 | 1 | 6985 UNION PARK CENTER STE 435 |
| IRS990ScheduleN/DispositionTable/AddressUS/City | 0 | DRAPER |
| IRS990ScheduleN/DispositionTable/AddressUS/City | 1 | MIDVALE |
| IRS990ScheduleN/DispositionTable/AddressUS/State | 0 | UT |
| IRS990ScheduleN/DispositionTable/AddressUS/State | 1 | UT |
| IRS990ScheduleN/DispositionTable/AddressUS/ZIPCode | 0 | 84020 |
| IRS990ScheduleN/DispositionTable/AddressUS/ZIPCode | 1 | 84047 |
| IRS990ScheduleN/DispositionTable/DateOfDistribution | 0 | 2011-08-01 |
| IRS990ScheduleN/DispositionTable/DateOfDistribution | 1 | 2011-07-01 |
| IRS990ScheduleN/DispositionTable/DescriptionOfAsset | 0 | KIGALIA I & II APARTME |
| IRS990ScheduleN/DispositionTable/DescriptionOfAsset | 1 | ANGELINA CORNER CONDOS |
| IRS990ScheduleN/DispositionTable/EIN | 0 | 273331999 |
| IRS990ScheduleN/DispositionTable/FMVOfAsset | 0 | 147730 |
| IRS990ScheduleN/DispositionTable/FMVOfAsset | 1 | -76890 |
| IRS990ScheduleN/DispositionTable/IRCSection | 0 | LLC |
| IRS990ScheduleN/DispositionTable/IRCSection | 1 | C CORP |
| IRS990ScheduleN/DispositionTable/MethodOfFMVDetermination | 0 | NET BOOK |
| IRS990ScheduleN/DispositionTable/MethodOfFMVDetermination | 1 | NET BOOK |
| IRS990ScheduleN/DispositionTable/NamePerson | 0 | SELLERS GROUP |
| IRS990ScheduleN/DispositionTable/NamePerson | 1 | ALLY BANK |
| IRS990ScheduleN/EmployeeOfSuccessor2 | 0 | false |
| IRS990ScheduleN/OwnerOfSuccessor2 | 0 | false |
| IRS990ScheduleN/ReceiveCompensation2 | 0 | false |
| IRS990ScheduleO/GeneralExplanation/Explanation | 0 | THE ORGANIZATION IS ONE OF SALT LAKE CITY'S OLDEST NONPROFIT ORGANIZATIONS INVOLVED IN THE DEVELOPMENT, OWNERSHIP, AND MANAGEMENT OF AFFORDABLE HOUSING. THE MISSION OF THE ORGANIZATION IS TO SERVE THE COMMUNITY BY DEVELOPING, OWNING, AND MANAGING CLEAN, SAFE, AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME POPULATIONS. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 1 | AND/OR IDENTIFYING NEW PROPERTIES FOR PLACING THE REMAINING UNCLAIMED UNITS. THREE YEARS AGO, WHEN WE MADE THE DIFFICULT CHOICE TO CLOSE MEDC, THE BOARD AND STAFF BELIEVED STRONGLY THAT THE ECONOMICS OF THINGS WOULD MEAN THAT OUR HOUSING UNITS WOULD EMERGE FROM THIS TRANSFER IN A MUCH BETTER POSITION. THAT REMAINS OUR POSITION TODAY. HOWEVER, WE ARE NOW LOOKING AT A NEW SET OF PARTNERS, WHICH INCLUDES PLACING THE WENDELL APARTMENTS AND GREEN STREET/SECOND WEST APARTMENTS WITH THE ROAD HOME. THE REMAINING FOUR PROPERTIES WHICH INCLUDE BEAR RIVER SENIOR APARTMENTS, MOUNTAIN SHADOW APARTMENTS, RIVERVIEW SENIOR APARTMENTS AND STONERIDGE I & II APARTMENTS WILL BE PLACED WITH NEIGHBORHOOD NONPROFIT HOUSING CORPORATION (NNHC), BASED ON THE APPROVAL OF UTAH HOUSING CORPORATION. A DEVELOPMENT TEAM WAS PUT IN PLACE TO BRING THE BLANDING PROJECT TO FRUITION. BY THE END OF THE FISCAL YEAR, THE GRAYSON APARTMENT PROJECT WAS IN FACT PLACED WITH COLOR COUNTRY COMMUNITY HOUSING, INC., OUT OF ST. GEORGE, UTAH. THE TRANSACTION INVOLVED THE COMMITMENT TO REIMBURSE 50,000 IN PREDEVELOPMENT COSTS TO MULTI-ETHNIC DEVELOPMENT CORPORATION IN LATE FALL OF 2012. IN 2011/12, MEDC CONTINUED TO OPERATE EFFECTIVELY THROUGH BOARD INVOLVEMENT AND A PAID CONSULTANT. MEDCS AIM IN 2012/13 IS TO DILIGENTLY CONTINUE WORK ON THE SUCCESSFUL TRANSFER OF ITS REMAINING PROPERTY PORTFOLIO. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 2 | A DRAFT OF THE 990 IS PROVIDED TO ALL BOARD MEMBERS FOR REVIEW PRIOR TO FILING. THE BOARD FORMALLY REVIEWS THE 990 DURING A BOARD MEETING AND VOTES TO APPROVE THE DOCUMENT. IN ADDITION, THE EXECUTIVE DIRECTOR AND BOARD PRESIDENT PROVIDE SIGNATURE APPROVAL FOR THE DOCUMENT. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 3 | THE EXECUTIVE DIRECTOR, BOARD OF DIRECTORS, AND KEY MANAGEMENT ARE REQUIRED TO DISCLOSE CONFLICTS OR POTENTIAL CONFLICTS OF INTEREST ANNUALLY. IN ADDITION, THE ORGANIZATION'S POLICY IS THAT ANY DIRECTOR OR OFFICER WITH KNOWLEDGE OR AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST ON THE PART OF THAT DIRECTOR OR OFFICER OR ANY OTHER DIRECTOR OR OFFICER OF THE ORGANIZATION IS REQUIRED TO INFORM THE ENTIRE BOARD OF THE CONFLICT. THE BOARD AS A WHOLE WILL THE OBTAIN APPROPRIATE DISCLOSURE AND AN UNDERSTANDING OF ALL MATERIAL FACTS. THE BOARD AS A WHOLE (WITH THE EXCLUSION OF ANY INTERESTED PERSONS) WILL DETERMINE WHETHER AN ACTUAL CONFLICT EXISTS. IF THE BOARD DETERMINES THAT A CONFLICT EXISTS, THE BOARD SHALL INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. SPECIFIC ACTIONS WILL BE DETERMINED ON A CASE BY CASE BASIS. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 4 | COMPENSATION FOR THE EXECUTIVE DIRECTOR IS DETERMINED BY THE BOARD OF DIRECTORS, WHICH IS INDEPENDENT FROM THE EXECUTIVE DIRECTOR. MARKET COMPARABILITY DATA FROM SIMILAR POSITIONS AT SIMILAR NON-PROFIT ORGANIZATIONS IN THE REGION IS USED TO DETERMINE A REASONABLE SALARY. DELIBERATION AND DETERMINATION OF COMPENSATION IS DOCUMENTED. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 5 | COMPENSATION FOR ALL OTHER EMPLOYEES IS DETERMINED BY THE BOARD OF DIRECTORS, WHICH IS INDEPENDENT. MARKET COMPARABILITY DATA FROM SIMILAR POSITIONS AT SIMILAR NON-PROFIT ORGANIZATIONS IN THE REGION IS USED TO DETERMINE A REASONABLE SALARY. DELIBERATION AND DETERMINATION OF COMPENSATION IS DOCUMENTED. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 6 | THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST AT THE ORGANZATION'S OFFICS DURING REGULAR BUSINESS HOURS. |
| IRS990ScheduleO/GeneralExplanation/Identifier | 0 | ORGANIZATION'S MISSION |
| IRS990ScheduleO/GeneralExplanation/Identifier | 1 | FIRST ACCOMPLISHMENT DESCRIPTION |
| IRS990ScheduleO/GeneralExplanation/Identifier | 2 | ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 |
| IRS990ScheduleO/GeneralExplanation/Identifier | 3 | ENFORCEMENT OF CONFLICTS POLICY |
| IRS990ScheduleO/GeneralExplanation/Identifier | 4 | COMPENSATION PROCESS FOR TOP OFFICIAL |
| IRS990ScheduleO/GeneralExplanation/Identifier | 5 | COMPENSATION PROCESS FOR OFFICERS |
| IRS990ScheduleO/GeneralExplanation/Identifier | 6 | GOVERNING DOCUMENTS DISCLOSURE EXPLANATION |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 0 | FORM 990 - ORGANIZATION'S MISSION |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 1 | FORM 990, PAGE 2, PART III, LINE 4A |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 2 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 3 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 4 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 5 | FORM 990, PAGE 6, PART VI, LINE 15B |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 6 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990/ScheduleORequired | 0 | true |
| IRS990/School | 0 | false |
| IRS990/SignificantChange | 0 | false |
| IRS990/SignificantNewProgramServices | 0 | false |
| IRS990/StateLegalDomicile | 0 | UT |
| IRS990/StatesWhereCopyOfReturnIsFiled | 0 | UT |
| IRS990/SubjectToProxyTax | 0 | false |
| IRS990/TaxablePartyNotification | 0 | false |
| IRS990/TaxExemptBonds | 0 | false |
| IRS990/Terminated | 0 | false |
| IRS990/TerminationOrContraction | 0 | X |
| IRS990/TermOrPermanentEndowments | 0 | false |
| IRS990/TheBooksAreInCareOf/AddressUS/AddressLine1 | 0 | 925 SOUTH 200 WEST SUITE C |
| IRS990/TheBooksAreInCareOf/AddressUS/City | 0 | SALT LAKE CITY |
| IRS990/TheBooksAreInCareOf/AddressUS/State | 0 | UT |
| IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode | 0 | 841013010 |
| IRS990/TheBooksAreInCareOf/NamePerson | 0 | VAL SHAFFER |
| IRS990/TheBooksAreInCareOf/TelephoneNumber | 0 | 8015212991 |
| IRS990/TotalAssets/BOY | 0 | 3969651 |
| IRS990/TotalAssetsBOY | 0 | 3969651 |
| IRS990/TotalAssets/EOY | 0 | 780935 |
| IRS990/TotalAssetsEOY | 0 | 780935 |
| IRS990/TotalCompGT150K | 0 | false |
| IRS990/TotalContributions | 0 | 11243 |
| IRS990/TotalExpensesCurrentYear | 0 | 191762 |
| IRS990/TotalExpensesPriorYear | 0 | 137065 |
| IRS990/TotalFunctionalExpenses/Fundraising | 0 | 0 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $780,935
- Liabilities
- $640,808
- Net assets
- $140,127
- Revenue
- -
- Expenses
- $191,762
- Net income
- -