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Nonprofiteer
← M H C DEVELOPMENT COMPANY INC

Form 990 for tax year 2023

Filed by M H C DEVELOPMENT COMPANY INC.

Totals

Total revenue
$179,873
Total expenses
$188,561
Contributions and grants received
$112,643
Grants paid
$0
Program service revenue
$62,528
Investment income
$4,223
Other revenue
$479
Total assets, end of year
$470,749
Total liabilities, end of year
$66,551
Net assets or fund balances, end of year
$404,198
Program services expenses (Part IX)
$132,687
Management and general expenses
$55,874
Fundraising expenses
$0
Program service expenses (Part III)
$132,687

Program services were 70.4% 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.

  • 1e · Government grants (contributions)

    $112,643

  • 2a · Program service revenue: TENANT RENT

    total $62,528 · related or exempt $62,528

  • 3 · Investment income

    total $4,223 · excluded $4,223

  • 11a · Other revenue: LAUNDRY/VENDING/MISC

    total $479 · excluded $479

  • 11e · Other revenue, total

    $479

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $37,031 · program services $10,669 · management and general $26,362

  • 9 · Other employee benefits

    total $8,085 · program services $8,085

  • 10 · Payroll taxes

    total $2,718 · program services $2,718

  • 11a · Fees: management

    total $10,974 · management and general $10,974

  • 11b · Fees: legal

    total $35 · management and general $35

  • 11c · Fees: accounting

    total $10,300 · management and general $10,300

  • 13 · Office expenses

    total $7,451 · management and general $7,451

  • 16 · Occupancy

    total $73,299 · program services $73,299

  • 20 · Interest

    total $748 · program services $748

  • 22 · Depreciation, depletion and amortization

    total $20,271 · program services $20,271

  • 23 · Insurance

    total $16,897 · program services $16,897

  • 24a · Other expenses: BAD DEBTS

    total $752 · management and general $752

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $15,515 · end of year $319

  • 2 · Savings and temporary cash investments

    beginning of year $191,211 · end of year $205,023

  • 4 · Accounts receivable

    beginning of year $1,152 · end of year $925

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,823 · end of year $6,618

  • 10a · Land, buildings and equipment: cost or other basis

    $842,302

  • 10b · Land, buildings and equipment: accumulated depreciation

    $591,915

  • 10c · Land, buildings and equipment, net

    beginning of year $255,764 · end of year $250,387

  • 14 · Intangible assets

    beginning of year $8,225 · end of year $7,477

  • 17 · Accounts payable and accrued expenses

    beginning of year $60,810 · end of year $61,412

  • 19 · Deferred revenue

    beginning of year $167 · end of year $42

  • 25 · Other liabilities

    beginning of year $4,827 · end of year $5,097

  • 27 · Net assets without donor restrictions

    beginning of year -$307,514 · end of year -$316,202

  • 28 · Net assets with donor restrictions

    beginning of year $720,400 · end of year $720,400

Mission and programs · 2023

Mission

PROVIDES PERMANENT HOUSING TO LOW INCOME, SINGLE ADULTS WITH SERIOUS MENTAL ILLNESS. APARTMENTS WITH SUBSIDIES AND A STAFF SERVICE COORDINATOR HELP TO ENSURE RESIDENTS REMAIN HOUSE AND REALIZE THEIR FULLEST POTENTIAL.

  • DISABLED PERSONS WERE PROVIDED WITH LOW INCOME HOUSING.

    Expenses $132,687 · Revenue $62,528

As filed on the 2023 return.

Listed in Part VII

  • PATRICIA FISCHER

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • JIM INGRAM

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • STACEY OVERTURF

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • DENIECE SHIVERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TOM JOHNSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JANETTE HEATH

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

No itemized grants to organizations on this return.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202403199349311585

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