2019-01-24T14:53:05-06:00 2018-03-31 382308034 KIRSCHNER HUTTON PERLIN PC 26913 NORTHWESTERN HWY SUITE 510 SOUTHFIELD MI 480338444 990 2017-04-01 382957148 MHT HOUSING INC MHTH 2488330550 32600 TELEGRAPH ROAD BINGHAM FARMS MI 48025 BRIAN GALLAHER CHIEF FINANCIAL OFFICER 2483520380 2019-01-24 1 STEVEN R CHAMPA P00970567 2483563880 12.52.130.162 2019-01-24 15:52:09 ES P 1103F2DAD205116B4094B0D88B327FCB20DA8D05 91F62A12F5A170C34560FE7220E3385074EB75E2 2017 2019-02-21 02:37:17Z BRIAN GALLAHER 32600 TELEGRAPH ROAD BINGHAM FARMS MI 48025 9544874 0 X WWW.MHTHOUSING.NET X 1990 MI PRESERVATION OF LOW INCOME HOUSING 5 4 19 0 0 0 547106 586929 7325158 8292137 115281 -733210 161810 79855 8149355 8225711 0 0 0 0 2066949 3492857 0 0 0 3475077 1978356 5542026 5471213 2607329 2754498 57195606 59928995 1171446 1150336 56024160 58778659 X 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. 0 0 5471213 7638782 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. 5471213 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 1 1 0 0 0 0 0 1 1 0 0 0 1 10 0 1 19 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 MI X X BRIAN GALLAHER 2488330550 32600 TELEGRAPH ROAD BINGHAM FARMS MI 48025 TIMOTHY V FOX PRESIDENT 40.00 X X 342417 0 30246 TIMOTHY A FOX CHIEF OPERATING OFFICER (FORMER DIRECTOR) 40.00 X 314999 0 18238 BRIAN A GALLAHER VICE-PRESIDENT 40.00 X 211797 0 40729 CHRISTOPHER BRIC VICE-PRESIDENT 40.00 X 190924 0 44000 DONNA MCMILLAN VICE-PRESIDENT 40.00 X 156327 0 15633 WILLIAM J ZAROTNY DIRECTOR OF ASSET MANAGEMENT 40.00 X 165762 0 38570 1382226 0 187416 7 0 1 0 JONES DAY 150 WEST JEFFERSON 2100 DETROIT MI 48226 LEGAL 159029 1 586929 586929 DEVELOPER FEES 531390 3191235 3191235 INCOME FROM SALE OF HOUSING PROJE 531390 1735859 1735859 INTEREST - LOAN RECEIVABLE 531390 1663221 1663221 MANAGEMENT FEES 531390 1324986 1324986 PARTNERSHIP MANAGEMENT FEE 531390 376836 376836 8292137 230801 150946 79855 79855 79855 435007 1168217 -733210 -733210 -733210 8225711 7638782 0 0 1379114 1379114 1348898 1348898 131859 131859 456834 456834 176152 176152 185316 185316 25210 25210 14509 14509 202157 202157 16651 16651 45168 45168 286498 286498 72694 72694 24077 24077 129720 129720 46594 46594 PASSTHROUGH LOSS - GFJ 398706 398706 OTHER PROFESSIONAL FEES 113610 113610 UNCOLLECTIBLE PROJECT E 112669 112669 ASSET MANAGEMENT FEES 100000 100000 204777 204777 5471213 5471213 0 0 6041357 4206920 377165 42792 32480 4592413 974652 4586522 3617761 46515229 51688389 9706 6280 57195606 59928995 74561 512873 1093135 637463 3750 0 1171446 1150336 X 56024160 58778659 56024160 58778659 57195606 59928995 2754498 0 X X 1 X 0 0 0 X 547106 586929 1134035 3347860 4092083 5700850 7325158 6816186 27282137 3347860 4092083 5700850 7872264 7403115 28416172 248500 106005 354505 0 248500 106005 354505 28061667 106005 106005 106005 106005 3347860 4092083 5700850 7978269 7403115 28522177 0.98390 0.98310 0.00370 0.00390 X 628366 628366 3282357 531095 2751262 681690 443557 238133 3617761 INVESTMENT IN SUBSIDIARY - MHT HOLDING COMPANY, INC. 306100 C INVESTMENT IN SUBSIDIARY - MHT PROPERTIES XX 50100 C PROJECT COSTS 41434600 C ALLOWANCE FOR DOUBTFUL ACCOUNTS -5396000 C MISCELLANEOUS RECEIVABLE 18528 C LOANS TO MANAGEMENT COMPANY 577804 C SECOND MORTGAGE NOTES RECEIVABLE 5050000 C ACCRUED INTEREST RECEIVABLE 3746337 C TRADE FEES RECEIVABLE - LONG-TERM 5566913 C GFJ INVESTMENT LLC 334007 C 51688389 X X X 0 0 0 0 0 0 0 0 0 TIMOTHY V FOX PRESIDENT 273942 0 29125 0 39350 0 30246 0 0 0 372663 0 0 0 TIMOTHY A FOX CHIEF OPERATING OFFICER (FORMER DIRE 249999 0 0 0 65000 0 0 0 18238 0 333237 0 0 0 BRIAN A GALLAHER VICE-PRESIDENT 183077 0 20500 0 8220 0 20281 0 20448 0 252526 0 0 0 CHRISTOPHER BRIC VICE-PRESIDENT 175924 0 15000 0 0 0 18092 0 25908 0 234924 0 0 0 DONNA MCMILLAN VICE-PRESIDENT 133827 0 22500 0 0 0 15633 0 0 0 171960 0 0 0 WILLIAM J ZAROTNY DIRECTOR OF ASSET MANAGEMENT 165762 0 0 0 0 0 16500 0 22070 0 204332 0 0 0 CONTINENTAL MANAGEMENT LLC MANAGEMENT AGENT LOAN RECEIVABLE X 462086 577804 0 1 0 577804 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 100000 ASSET MANAGEMENT FEES 0 CONTINENTAL MANAGEMENT LLC ENTITY OWNED MORE THAN 50% BY TIMOTHY A. FOX AND TIMOTHY V. FOX 188172 LEASE 0 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 MHT MANAGEMENT LLC 32600 TELEGRAPH ROAD BINGHAM FARMS MI 48025 815293002 MANAGEMENT OF LOW-INCOME HOUSING ENTITIES MI MHT HOUSING IV 32600 TELEGRAPH ROAD BINGHAM FARMS MI 48025 383384042 PRESERVATION OF LOW INCOME HOUSING MI 501 (C) (3) 509 (A) (3) 1 CONTINENTAL MANAGEMENT LLC 32600 TELEGRAPH ROAD BINGHAM FARMS MI 48025 300214031 MANAGEMENT OF LOW-INCOME HOUSING ENTITIES MI TIMOTHY A FOX RELATED 0 0 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 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 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 1 0 0 1 1 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 CONTINENTAL MANAGEMENT LLC D 577804 COST CONTINENTAL MANAGEMENT LLC N CONTINENTAL MANAGEMENT LLC J 188172 MARKET RENT CONTINENTAL MANAGEMENT LLC M 100000 COMPARABLE SERVICES MHT HOUSING IV INC C 586929 COST