Totals
- Total revenue
- $47,380,117
- Total expenses
- $47,338,374
- Contributions and grants received
- $0
- Grants paid
- $46,618,045
- Program service revenue
- $892,752
- Investment income
- $46,487,365
- Other revenue
- $0
- Total assets, end of year
- $15,133,470
- Total liabilities, end of year
- $1,064,202
- Net assets or fund balances, end of year
- $14,069,268
- Program services expenses (Part IX)
- $47,247,617
- Management and general expenses
- $90,757
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $47,247,617
Program services were 99.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: HOUSING PROJECT REVENUE
total $828,406 · related or exempt $828,406
-
2b · Program service revenue: FEE INCOME
total $64,346 · related or exempt $64,346
-
3 · Investment income
total $360,759 · excluded $360,759
-
7a · Gross sales of assets other than inventory
other assets $46,126,606
-
7b · Less cost or other basis and sales expenses
other assets $0
-
7c · Gain or loss
other assets $46,126,606
-
7d · Net gain or loss
total $46,126,606 · related or exempt $46,126,606
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $46,618,045 · program services $46,618,045
-
11c · Fees: accounting
total $19,702 · management and general $19,702
-
13 · Office expenses
total $911 · management and general $911
-
20 · Interest
total $2,350 · program services $1,880 · management and general $470
-
22 · Depreciation, depletion and amortization
total $235,582 · program services $188,466 · management and general $47,116
-
24a · Other expenses: BAD DEBT EXPENSE
total $349,000 · program services $349,000
-
24b · Other expenses: REAL ESTATE TAXES
total $110,988 · program services $88,790 · management and general $22,198
-
24c · Other expenses: GROUNDS SUPPLIES
total $1,269 · program services $1,015 · management and general $254
-
24d · Other expenses: TAXES/LICENSES/PERMITS/
total $527 · program services $421 · management and general $106
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $491,240 · end of year $781,972
-
7 · Other notes and loans receivable
beginning of year $9,196,316 · end of year $9,692,064
-
13 · Investments: program-related
beginning of year $4,699,138 · end of year $4,659,434
-
23 · Secured mortgages and notes payable
beginning of year $359,169 · end of year $1,064,202
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $14,027,525 · end of year $14,069,268
Mission and programs · 2023
Mission
TO PRESERVE AND EXTEND AFFORDABLE HOUSING THROUGH THE ACQUISITION AND OPERATION OF MULTIFAMILY RESIDENTIAL REAL ESTATE FOR LOW AND VERY LOW-INCOME TENANTS.
Activities or mission (Part I)
PRESERVATION OF LOW-INCOME HOUSING
-
MHT HOUSING IV, INC. (MHT IV) FOR THE YEAR ENDED 12/31/23 IS PROVIDING THROUGH ITS AFFILIATE THE RENOVATION AND CONSTRUCTION OF 1,130 UNITS. THESE PROJECTS WILL PROVIDE 1,081 RENOVATED UNITS FOR PRESERVATION IN THE LOW-INCOME HOUSING SYSTEM AND 49 NEW CONSTRUCTION UNITS. THESE PROJECTS WILL HOUSE APPROXIMATELY 2,923 LOW-INCOME INDIVIDUALS. IN ADDITION, OVER THE LAST YEAR MHT IV THROUGH ITS SUBSIDIARY HAS COMPLETED THE RENOVATION OF 887 LOW-INCOME UNITS AND NEW CONSTRUCTION OF 139 LOW-INCOME HOUSING UNITS WHICH WILL HOUSE APPROXIMATELY 2,735 LOW-INCOME INDIVIDUALS.
Expenses $47,247,617 · Grants $46,618,045 · Revenue $47,019,358
As filed on the 2023 return.
Listed in Part VII
-
Timothy V FoxTIMOTHY V FOX
PRESIDENT
- Total calculated
- $657,334
- From this org
- $0
- From related orgs
- $624,334
- Other
- $33,000
- Hours/week
- 10 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $624,334 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $33,000 related
- Nontaxable benefits
- $0
- Filer's total
- $0 + $657,334 related
-
Martha J RichardsonMARTHA J RICHARDSON
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 5 + 5 related
-
Steven ChampaSTEVEN CHAMPA
SECRETARY
- Total calculated
- $0
- Hours/week
- 5 + 5 related
-
Thomas EdmistonTHOMAS EDMISTON
TREASURER
- Total calculated
- $0
- Hours/week
- 5 + 5 related
-
Brian GallaherBRIAN GALLAHER
CHIEF FINANCIAL OFFICER
- Total calculated
- $519,946
- From this org
- $0
- From related orgs
- $462,582
- Other
- $57,364
- Hours/week
- 10 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $462,582 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $33,000 related
- Nontaxable benefits
- $0 + $24,364 related
- Filer's total
- $0 + $519,946 related
-
Timothy A FoxTIMOTHY A FOX
CHIEF OPERATING OFFICER
- Total calculated
- $329,177
- From this org
- $0
- From related orgs
- $310,463
- Other
- $18,714
- Hours/week
- 5 + 35 related
Schedule J breakdown matched by us
- Base
- $0 + $310,463 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $18,714 related
- Filer's total
- $0 + $329,177 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 3
- THE COMPENSATION OF THE CEO AND OTHER OFFICERS IS APPROVED BY THE BOARD OF, AND PAID BY, THE SUPPORTED ORGANIZATION MHT HOUSING, INC.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$46,618,045
GENERAL SUPPORT
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · PRESERVATION OF LOW-INCOME HOUSING · MI
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
MHT PROPERTIES 128 LLC
PRESERVATION OF LOW-INCOME HOUSING · MI · income $37,684 · assets $1,502
Directly controlled by MHT HOUSING IV INC
-
MHT PROPERTIES 120 LLC
PRESERVATION OF LOW-INCOME HOUSING · MI · income $1,409 · assets $259,803
Directly controlled by MHT HOUSING IV INC
-
MHT SPRINGFIELD NORTHWEST LLC
PRESERVATION OF LOW-INCOME HOUSING · WA · income -$11 · assets $10,873
Directly controlled by MHT HOUSING IV INC
-
PRESERVATION OF LOW-INCOME HOUSING · WA · income $0 · assets $0
Directly controlled by MHT HOUSING IV INC
-
MHT PROPERTIES 121 LLC
PRESERVATION OF LOW-INCOME HOUSING · MI · income $0 · assets $19,337
Directly controlled by MHT HOUSING IV INC
-
SW LP HOLDING INC
PRESERVATION OF LOW-INCOME HOUSING · MI · income $1,694,246 · assets $0
Directly controlled by MHT HOUSING IV INC
-
MYSTIC VIEW MHT LP INC
PRESERVATION OF LOW-INCOME HOUSING · MI · income -$196,898 · assets -$484,379
Directly controlled by MHT HOUSING IV INC
-
GOLDEN BRIDGE MHT LP INC
PRESERVATION OF LOW-INCOME HOUSING · MI · income -$10,541 · assets -$59,960
Directly controlled by MHT HOUSING IV INC
-
WAFP LP INC
PRESERVATION OF LOW-INCOME HOUSING · MI · income -$5,677 · assets $3,269,293
Directly controlled by MHT HOUSING IV INC
-
MHT CONSTRUCTION LLC
PRESERVATION OF LOW-INCOME HOUSING · MI · income $3,909,837 · assets $15,773,363
Directly controlled by MHT HOUSING IV INC
-
MHT SP INC
PRESERVATION OF LOW-INCOME HOUSING · MI · income $816,715 · assets $816,715
Directly controlled by MHT CONSTRUCTION LLC
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
VAN DYKE IIMHT LDHA LLC
RELATED · REAL ESTATE RENTAL · MI · 99.99% owned · share of income $17,151,209
Directly controlled by MHT HOUSING IV INC
-
JEFFERSON SQUARE IIMHT LDHA LLC
RELATED · REAL ESTATE RENTAL · MI · 99.99% owned · share of income $18,689,137
Directly controlled by MHT HOUSING IV INC
-
SPRINGWELL PARTNERS LDHA LP
RELATED · REAL ESTATE RENTAL · MI · 99.99% owned · share of income $1,684,040
Directly controlled by SW LP HOLDING INC
-
MCDONALD SQUARE IIMHT LDHA LLC
RELATED · REAL ESTATE RENTAL · MI · 99.99% owned · share of income $19,805,131
Directly controlled by MHT HOUSING IV INC
-
PULLMAN LDHA LP
RELATED · REAL ESTATE RENTAL · MI · 99% owned · share of income -$159,920 · share of assets $1,360,124
Directly controlled by MYSTIC VIEW MHT LP INC
-
SACRED HEART PARTNERS LLC
RELATED · REAL ESTATE RENTAL · MI · 51% owned · share of assets $19,337
Directly controlled by MHT PROPERTIES 121 LLC
-
SOUTH HILLS IIMHT LDHA LLC
RELATED · REAL ESTATE RENTAL · MI · 99.99% owned · share of income $15,248,084
Directly controlled by MHT HOUSING IV INC
-
CALUMET IIMHT HOUSING LDHA LLC
RELATED · REAL ESTATE RENTAL · MI · 99.99% owned · share of income -$179,836 · share of assets $7,065,733
Directly controlled by MHT HOUSING IV INC
-
GOLDEN BRIDGE LDHA LP
RELATED · REAL ESTATE RENTAL · MI · 99% owned · share of income -$5,029 · share of assets $1,293,836
Directly controlled by GOLDEN BRIDGE MHT LP INC
-
UNIVERSITY CLUB LDHA LP
RELATED · REAL ESTATE RENTAL · MI · 99.99% owned · share of income $764 · share of assets $4,112,919
Directly controlled by MHT HOUSING IV INC
-
AARON APTS LDHA LP
RELATED · REAL ESTATE RENTAL · MI · 99% owned · share of income -$1,207 · share of assets $1,106,590
Directly controlled by WAFP LP INC
-
FIELD PLACE APARTMENTS LDHA
RELATED · REAL ESTATE RENTAL · MI · 99% owned · share of income -$1,509 · share of assets $722,502
Directly controlled by WAFP LP INC
-
WEST BOSTON LDHA LP
RELATED · REAL ESTATE RENTAL · MI · 99% owned · share of income -$1,504 · share of assets $1,499,494
Directly controlled by WAFP LP INC
-
NECABA LDHA LP
RELATED · REAL ESTATE RENTAL · MI · 0.01% owned · share of income $37,684 · share of assets $1,502
Directly controlled by MHT PROPERTIES 128 LLC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202443199349301779
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