MHT HOUSING INC: Form 990, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- MHT HOUSING INC (EIN 38-2957148)
- Tax period
- 2017-04-01 to 2018-03-31
- Filed
- 2019-01-24
- IRS object ID
- 201910249349300521
- Schema version
- 2017v2.3
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-01-24T14:53:05-06:00 | ReturnTs |
| Tax Period End | 2018-03-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 382308034 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KIRSCHNER HUTTON PERLIN PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 26913 NORTHWESTERN HWY SUITE 510 | AddressLine1Txt |
| City | SOUTHFIELD | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 480338444 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2017-04-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 382957148 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MHT HOUSING INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MHTH | BusinessNameControlTxt |
| Phone | 2488330550 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 32600 TELEGRAPH ROAD | AddressLine1Txt |
| City | BINGHAM FARMS | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48025 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BRIAN GALLAHER | PersonNm |
| Person Title | CHIEF FINANCIAL OFFICER | PersonTitleTxt |
| Phone | 2483520380 | PhoneNum |
| Signature | 2019-01-24 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | STEVEN R CHAMPA | PreparerPersonNm |
| PTIN | P00970567 | PTIN |
| Phone | 2483563880 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 12.52.130.162 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2019-01-24 | IPDt |
| IP Tm | 15:52:09 | IPTm |
| IP Timezone | ES | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 1103F2DAD205116B4094B0D88B327FCB20DA8D05 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 91F62A12F5A170C34560FE7220E3385074EB75E2 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | BRIAN GALLAHER | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 32600 TELEGRAPH ROAD | AddressLine1Txt |
| City | BINGHAM FARMS | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48025 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $9,544,874 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.MHTHOUSING.NET | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1990 | FormationYr |
| Legal Domicile State | MI | LegalDomicileStateCd |
| Activity Or Mission | PRESERVATION OF LOW INCOME HOUSING | ActivityOrMissionDesc |
| Voting Members Governing Body | 5 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 4 | VotingMembersIndependentCnt |
| Total Employee | 19 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $547,106 | PYContributionsGrantsAmt |
| CY Contributions Grants | $586,929 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $7,325,158 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $8,292,137 | CYProgramServiceRevenueAmt |
| PY Investment Income | $115,281 | PYInvestmentIncomeAmt |
| CY Investment Income | -$733,210 | CYInvestmentIncomeAmt |
| PY Other Revenue | $161,810 | PYOtherRevenueAmt |
| CY Other Revenue | $79,855 | CYOtherRevenueAmt |
| PY Total Revenue | $8,149,355 | PYTotalRevenueAmt |
| CY Total Revenue | $8,225,711 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $2,066,949 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $3,492,857 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $3,475,077 | PYOtherExpensesAmt |
| CY Other Expenses | $1,978,356 | CYOtherExpensesAmt |
| PY Total Expenses | $5,542,026 | PYTotalExpensesAmt |
| CY Total Expenses | $5,471,213 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $2,607,329 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $2,754,498 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $57,195,606 | TotalAssetsBOYAmt |
| Total Assets EOY | $59,928,995 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,171,446 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,150,336 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $56,024,160 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $58,778,659 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | TO PRESERVE AND EXTEND AFFORDABLE HOUSING IN MICHIGAN THROUGH THE ACQUISITION AND OPERATION OF MULTIFAMILY RESIDENTIAL REAL ESTATE FOR LOW AND VERY LOW INCOME TENANTS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $5,471,213 | ExpenseAmt |
| Revenue | $7,638,782 | RevenueAmt |
| Desc | MHT HOUSING, INC. FOR THE YEAR ENDED 3/31/18 RECEIVED THREE LOW INCOME HOUSING AWARDS TOTALING 333 UNITS. THESE PROJECTS WILL PROVIDE FOR 256 RENOVATED UNITS FOR PRESERVATION IN THE LOW INCOME HOUSING SYSTEM. SEVENTY-SEVEN OF THESE UNITS WILL BE NEW CONSTRUCTION LOW INCOME UNITS. THESE PROJECTS WILL HOUSE APPROXIMATELY 894 LOW INCOME INDIVIDUALS. IN ADDITION, OVER THE LAST YEAR MHT HAS COMPLETED THE RENOVATION OF 271 LOW-INCOME HOUSING UNITS WHICH IN TOTAL WILL HOUSE APPROXIMATELY 886 LOW INCOME INDIVIDUALS. ALSO, MHT HAS THIRTY-SIX UNITS UNDER NEW CONSTRUCTION WHICH WILL HOUSE APPROXIMATELY EIGHTY-SEVEN LOW INCOME INDIVIDUALS BY PARTNERING WITH AN INNER CITY NONPROFIT ORGANIZATION. MHT HOUSING INC. MADE SIGNIFICANT DONATIONS TO SEVERAL NONPROFITS INCLUDING SUPPORTING AN INNER CITY CHARTER SCHOOL FOR STUDENTS K-12, BOYS & GIRLS CLUB FOR CHILDREN 6-18 TO HELP THEM CREATE GREAT FUTURES, AND SEVERAL OTHER INNER CITY ORGANIZATIONS WHICH HELP PROVIDE FOR WARMING CENTERS, EMERGENCY SHELTERS, HEALTH SERVICES, JOBS AND PERMANENT SUPPORTIVE HOUSING. | Desc |
| Total Program Service Expenses | $5,471,213 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (1) | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | Yes (1) | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | Yes (1) | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (1) | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | Yes (1) | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 10 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 19 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Form8899 Filedind | 0 | Form8899Filedind |
| Form1098 C Filed | 0 | Form1098CFiledInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 5 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 4 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | Yes (1) | InvestmentInJointVentureInd |
| Written Policy Or Procedure | Yes (1) | WrittenPolicyOrProcedureInd |
| States Where Copy Of Return Is Fld | MI | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BRIAN GALLAHER | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2488330550 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 32600 TELEGRAPH ROAD | AddressLine1Txt |
| City | BINGHAM FARMS | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48025 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (6 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd |
|---|---|---|---|---|---|---|---|
| TIMOTHY V FOX | |||||||
| PRESIDENT | 40.00 | Yes (X) | Yes (X) | $342,417 | $0 | $30,246 | |
| TIMOTHY A FOX | |||||||
| CHIEF OPERATING OFFICER (FORMER DIRECTOR) | 40.00 | Yes (X) | $314,999 | $0 | $18,238 | ||
| BRIAN A GALLAHER | |||||||
| VICE-PRESIDENT | 40.00 | Yes (X) | $211,797 | $0 | $40,729 | ||
| CHRISTOPHER BRIC | |||||||
| VICE-PRESIDENT | 40.00 | $190,924 | $0 | $44,000 | Yes (X) | ||
| DONNA MCMILLAN | |||||||
| VICE-PRESIDENT | 40.00 | $156,327 | $0 | $15,633 | Yes (X) | ||
| WILLIAM J ZAROTNY | |||||||
| DIRECTOR OF ASSET MANAGEMENT | 40.00 | $165,762 | $0 | $38,570 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,382,226 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $187,416 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 7 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JONES DAY | BusinessNameLine1Txt |
Contractor Address ContractorAddress
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 150 WEST JEFFERSON 2100 | AddressLine1Txt |
| City | DETROIT | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48226 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | LEGAL | ServicesDesc |
| Compensation | $159,029 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
| Related Organizations | $586,929 | RelatedOrganizationsAmt |
| Total Contributions | $586,929 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| DEVELOPER FEES | 531390 | $3,191,235 | $3,191,235 |
| INCOME FROM SALE OF HOUSING PROJE | 531390 | $1,735,859 | $1,735,859 |
| INTEREST - LOAN RECEIVABLE | 531390 | $1,663,221 | $1,663,221 |
| MANAGEMENT FEES | 531390 | $1,324,986 | $1,324,986 |
| PARTNERSHIP MANAGEMENT FEE | 531390 | $376,836 | $376,836 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $8,292,137 | TotalProgramServiceRevenueAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $230,801 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $150,946 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $79,855 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $79,855 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $79,855 | RelatedOrExemptFuncIncomeAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $435,007 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $1,168,217 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -$733,210 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$733,210 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$733,210 | RelatedOrExemptFuncIncomeAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $8,225,711 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $7,638,782 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,379,114 | TotalAmt |
| Program Services | $1,379,114 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,348,898 | TotalAmt |
| Program Services | $1,348,898 | ProgramServicesAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $131,859 | TotalAmt |
| Program Services | $131,859 | ProgramServicesAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $456,834 | TotalAmt |
| Program Services | $456,834 | ProgramServicesAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $176,152 | TotalAmt |
| Program Services | $176,152 | ProgramServicesAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $185,316 | TotalAmt |
| Program Services | $185,316 | ProgramServicesAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,210 | TotalAmt |
| Program Services | $25,210 | ProgramServicesAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,509 | TotalAmt |
| Program Services | $14,509 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $202,157 | TotalAmt |
| Program Services | $202,157 | ProgramServicesAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,651 | TotalAmt |
| Program Services | $16,651 | ProgramServicesAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $45,168 | TotalAmt |
| Program Services | $45,168 | ProgramServicesAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $286,498 | TotalAmt |
| Program Services | $286,498 | ProgramServicesAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $72,694 | TotalAmt |
| Program Services | $72,694 | ProgramServicesAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,077 | TotalAmt |
| Program Services | $24,077 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $129,720 | TotalAmt |
| Program Services | $129,720 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $46,594 | TotalAmt |
| Program Services | $46,594 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| PASSTHROUGH LOSS - GFJ | $398,706 | $398,706 |
| OTHER PROFESSIONAL FEES | $113,610 | $113,610 |
| UNCOLLECTIBLE PROJECT E | $112,669 | $112,669 |
| ASSET MANAGEMENT FEES | $100,000 | $100,000 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $204,777 | TotalAmt |
| Program Services | $204,777 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,471,213 | TotalAmt |
| Program Services | $5,471,213 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,041,357 | BOYAmt |
| EOY | $4,206,920 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $377,165 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,792 | BOYAmt |
| EOY | $32,480 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $4,592,413 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $974,652 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,586,522 | BOYAmt |
| EOY | $3,617,761 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $46,515,229 | BOYAmt |
| EOY | $51,688,389 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,706 | BOYAmt |
| EOY | $6,280 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $57,195,606 | BOYAmt |
| EOY | $59,928,995 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $74,561 | BOYAmt |
| EOY | $512,873 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,093,135 | BOYAmt |
| EOY | $637,463 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,750 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,171,446 | BOYAmt |
| EOY | $1,150,336 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $56,024,160 | BOYAmt |
| EOY | $58,778,659 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $56,024,160 | BOYAmt |
| EOY | $58,778,659 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $57,195,606 | BOYAmt |
| EOY | $59,928,995 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $2,754,498 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | Yes (1) | AccountantCompileOrReviewInd |
Acct Compile Or Review Basis AcctCompileOrReviewBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| FS Audited | 0 | FSAuditedInd |
| Audit Committee | 0 | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | $547,106 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $586,929 | CurrentTaxYearAmt |
| Total | $1,134,035 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,347,860 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $4,092,083 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $5,700,850 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,325,158 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $6,816,186 | CurrentTaxYearAmt |
| Total | $27,282,137 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,347,860 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $4,092,083 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $5,700,850 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,872,264 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $7,403,115 | CurrentTaxYearAmt |
| Total | $28,416,172 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $248,500 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $106,005 | CurrentTaxYearMinus1YearAmt |
| Total | $354,505 | TotalAmt |
Substantial Contributors Amt SubstantialContributorsAmtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $248,500 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $106,005 | CurrentTaxYearMinus1YearAmt |
| Total | $354,505 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $28,061,667 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | $106,005 | CurrentTaxYearMinus1YearAmt |
| Total | $106,005 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | $106,005 | CurrentTaxYearMinus1YearAmt |
| Total | $106,005 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,347,860 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $4,092,083 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $5,700,850 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,978,269 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $7,403,115 | CurrentTaxYearAmt |
| Total | $28,522,177 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.98390 | PublicSupportCY509Pct |
| Public Support PY509 | 0.98310 | PublicSupportPY509Pct |
| Investment Income CY | 0.00370 | InvestmentIncomeCYPct |
| Investment Income PY | 0.00390 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Schedule B IRS990ScheduleB
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $628,366 | OtherCostOrOtherBasisAmt |
| Book Value | $628,366 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,282,357 | OtherCostOrOtherBasisAmt |
| Depreciation | $531,095 | DepreciationAmt |
| Book Value | $2,751,262 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $681,690 | OtherCostOrOtherBasisAmt |
| Depreciation | $443,557 | DepreciationAmt |
| Book Value | $238,133 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $3,617,761 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (10 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| INVESTMENT IN SUBSIDIARY - MHT HOLDING COMPANY, INC. | $306,100 | C |
| INVESTMENT IN SUBSIDIARY - MHT PROPERTIES XX | $50,100 | C |
| PROJECT COSTS | $41,434,600 | C |
| ALLOWANCE FOR DOUBTFUL ACCOUNTS | -$5,396,000 | C |
| MISCELLANEOUS RECEIVABLE | $18,528 | C |
| LOANS TO MANAGEMENT COMPANY | $577,804 | C |
| SECOND MORTGAGE NOTES RECEIVABLE | $5,050,000 | C |
| ACCRUED INTEREST RECEIVABLE | $3,746,337 | C |
| TRADE FEES RECEIVABLE - LONG-TERM | $5,566,913 | C |
| GFJ INVESTMENT LLC | $334,007 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $51,688,389 | TotalBookValueProgramRltdAmt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (6 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TIMOTHY V FOX | ||||||||||||||
| PRESIDENT | $273,942 | $0 | $29,125 | $0 | $39,350 | $0 | $30,246 | $0 | $0 | $0 | $372,663 | $0 | $0 | $0 |
| TIMOTHY A FOX | ||||||||||||||
| CHIEF OPERATING OFFICER (FORMER DIRE | $249,999 | $0 | $0 | $0 | $65,000 | $0 | $0 | $0 | $18,238 | $0 | $333,237 | $0 | $0 | $0 |
| BRIAN A GALLAHER | ||||||||||||||
| VICE-PRESIDENT | $183,077 | $0 | $20,500 | $0 | $8,220 | $0 | $20,281 | $0 | $20,448 | $0 | $252,526 | $0 | $0 | $0 |
| CHRISTOPHER BRIC | ||||||||||||||
| VICE-PRESIDENT | $175,924 | $0 | $15,000 | $0 | $0 | $0 | $18,092 | $0 | $25,908 | $0 | $234,924 | $0 | $0 | $0 |
| DONNA MCMILLAN | ||||||||||||||
| VICE-PRESIDENT | $133,827 | $0 | $22,500 | $0 | $0 | $0 | $15,633 | $0 | $0 | $0 | $171,960 | $0 | $0 | $0 |
| WILLIAM J ZAROTNY | ||||||||||||||
| DIRECTOR OF ASSET MANAGEMENT | $165,762 | $0 | $0 | $0 | $0 | $0 | $16,500 | $0 | $22,070 | $0 | $204,332 | $0 | $0 | $0 |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CONTINENTAL MANAGEMENT LLC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship With Org | MANAGEMENT AGENT | RelationshipWithOrgTxt |
| Loan Purpose | LOAN RECEIVABLE | LoanPurposeTxt |
| Loan From Organization | Yes (X) | LoanFromOrganizationInd |
| Original Principal | $462,086 | OriginalPrincipalAmt |
| Balance Due | $577,804 | BalanceDueAmt |
| Default | 0 | DefaultInd |
| Board Or Committee Approval | Yes (1) | BoardOrCommitteeApprovalInd |
| Written Agreement | 0 | WrittenAgreementInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $577,804 | TotalBalanceDueAmt |
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (4 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd | TransactionTransactionAmt |
|---|---|---|---|
| TIMOTHY A FOX | |||
| 50% OWNER OF CONTINENTAL MANAGEMENT, LLC | VARIOUS | 0 | |
| TIMOTHY V FOX | |||
| 50% OWNER OF CONTINENTAL MANAGEMENT, LLC | VARIOUS | 0 | |
| CONTINENTAL MANAGEMENT LLC | |||
| ENTITY OWNED MORE THAN 50% BY TIMOTHY A. FOX AND TIMOTHY V. FOX | ASSET MANAGEMENT FEES | 0 | $100,000 |
| CONTINENTAL MANAGEMENT LLC | |||
| ENTITY OWNED MORE THAN 50% BY TIMOTHY A. FOX AND TIMOTHY V. FOX | LEASE | 0 | $188,172 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | TIMOTHY V. FOX AND TIMOTHY A. FOX ARE FATHER AND SON. |
| FORM 990, PART VI, SECTION B, LINE 11B | A COPY OF FORM 990 WAS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY FOR REVIEW PURPOSES PRIOR TO THE FILING OF THE RETURN. THE RETURN IS REVIEWED BY BRIAN GALLAHER, THE ORGANIZATION'S CHIEF FINANCIAL OFFICER, FOR COMPLETENESS AND ACCURACY. |
| FORM 990, PART VI, SECTION B, LINE 12C | THROUGH STAFF MEETINGS, EMPLOYEE TRAINING SESSIONS AND QUARTERLY MEMORANDUMS |
| FORM 990, PART VI, SECTION B, LINE 15 | MHT HOUSING, INC. REVIEWED COMPARABILITY DATA REGARDING SALARIES AND COMPENSATION OF OTHER NONPROFITS IN ORDER TO DETERMINE FAIR COMPENSATION FOR THEIR OFFICERS AND KEY EMPLOYEES. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XII, LINE 1: | SECTION 168(H)(6)(F)(II) ELECTION NEWMAN COURT MHT GP, INC. A MICHIGAN FOR-PROFIT CORPORATION (THE "CORPORATION") THAT IS A TAX-EXEMPT CONTROLLED ENTITY HEREBY STATES AS FOLLOWS: 1. IT ELECTS PURSUANT TO SECTION 168(H)(6)(F)(II) OF THE CODE OF 1986, AS AMENDED (THE "CODE") NOT TO BE TREATED AS A TAX-EXEMPT ENTITY FOR PURPOSES OF SECTION 168(H)(6). 2. PURSUANT TO SECTION 168(H)(6)(F)(II) OF THE CODE, ANY GAIN RECOGNIZED BY MHT HOUSING, INC., THE TAX-EXEMPT ENTITY WHICH OWNS 100% OF THE SHARES OF THE CORPORATION, ON ANY DISPOSITION OF AN INTEREST IN THE CORPORATION, AND ANY DIVIDEND OR INTEREST RECEIVED OR ACCRUED BY MHT HOUSING, INC., FROM THE CORPORATION SHALL BE TREATED AS UNRELATED BUSINESS TAXABLE INCOME FOR PURPOSES OF SECTION 511 OF THE CODE. FOR PURPOSES OF THIS CLAUSE, THERE SHALL ONLY BE TAKEN INTO ACCOUNT DIVIDENDS WHICH ARE PROPERLY ALLOCABLE TO THE INCOME OF NEWMAN COURT MHT GP, INC. WHICH WAS NOT SUBJECT TO TAX UNDER THE CODE. 3. THIS ELECTION IS IRREVOCABLE AND BINDS ALL TAX-EXEMPT ENTITIES HOLDING INTERESTS IN THE CORPORATION. 4. NAME OF THE ELECTING TAXPAYER: NEWMAN COURT MHT GP, INC. 5. ADDRESS OF ELECTING TAXPAYER: 32600 TELEGRAPH RD., SUITE 102, BINGHAM FARMS, MI 48025 6. TAXPAYER IDENTIFICATION NUMBER OF ELECTING TAXPAYER: 82-0718917 |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MHT MANAGEMENT LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 32600 TELEGRAPH ROAD | AddressLine1Txt |
| City | BINGHAM FARMS | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48025 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 815293002 | EIN |
| Primary Activities | MANAGEMENT OF LOW-INCOME HOUSING ENTITIES | PrimaryActivitiesTxt |
| Legal Domicile State | MI | LegalDomicileStateCd |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MHT HOUSING IV | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 32600 TELEGRAPH ROAD | AddressLine1Txt |
| City | BINGHAM FARMS | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48025 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 383384042 | EIN |
| Primary Activities | PRESERVATION OF LOW INCOME HOUSING | PrimaryActivitiesTxt |
| Legal Domicile State | MI | LegalDomicileStateCd |
| Exempt Code Section | 501 (C) (3) | ExemptCodeSectionTxt |
| Public Charity Status | 509 (A) (3) | PublicCharityStatusTxt |
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CONTINENTAL MANAGEMENT LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 32600 TELEGRAPH ROAD | AddressLine1Txt |
| City | BINGHAM FARMS | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48025 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 300214031 | EIN |
| Primary Activities | MANAGEMENT OF LOW-INCOME HOUSING ENTITIES | PrimaryActivitiesTxt |
| Legal Domicile State | MI | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TIMOTHY A FOX | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Predominant Income Type | RELATED | PredominantIncomeTypeTxt |
| Disproportionate Allocations | 0 | DisproportionateAllocationsInd |
| General Or Managing Partner | 0 | GeneralOrManagingPartnerInd |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| MHT HOLDING COMPANY II INC | ||||||||||
| 32600 TELEGRAPH ROAD | BINGHAM FARMS | MI | 48025 | 383061324 | INVESTMENT IN LOW-INCOME HOUSING | MI | MHT HOUSING INC | C | 1.00000 | Yes (1) |
| MHT PROPERTIES XX INC | ||||||||||
| 32600 TELEGRAPH ROAD | BINGHAM FARMS | MI | 48025 | 383450751 | INVESTMENT IN LOW-INCOME HOUSING | MI | MHT HOUSING INC | C | 1.00000 | Yes (1) |
| MHT PROPERTIES V INC | ||||||||||
| 32600 TELEGRAPH ROAD | BINGHAM FARMS | MI | 48025 | 383121952 | INVESTMENT IN LOW-INCOME HOUSING | MI | MHT HOLDING COMPANY II INC | C | 0.75000 | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (1) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (1) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | Yes (1) | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | Yes (1) | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (5 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| CONTINENTAL MANAGEMENT LLC | ||
| D | $577,804 | COST |
| CONTINENTAL MANAGEMENT LLC | ||
| N | ||
| CONTINENTAL MANAGEMENT LLC | ||
| J | $188,172 | MARKET RENT |
| CONTINENTAL MANAGEMENT LLC | ||
| M | $100,000 | COMPARABLE SERVICES |
| MHT HOUSING IV INC | ||
| C | $586,929 | COST |