2018-01-12T11:40:26-06:00 2017-03-31 382308034 KIRSCHNER HUTTON PERLIN PC 26913 NORTHWESTERN HWY SUITE 510 SOUTHFIELD MI 480338444 990 2016-04-01 382957148 MHT HOUSING INC MHTH 2488330550 32600 TELEGRAPH ROAD BINGHAM FARMS MI 48025 BRIAN GALLAHER VICE PRESIDENT 2483520380 2018-01-08 1 STEVEN R CHAMPA P00970567 2483563880 162.211.91.150 2018-01-08 11:05:22 ES P 0FE838707C59ABF1FC067A9B3A5601A4C5FD71F8 BB858854552E297CB9CB53AB29AD5FBFBE2CDAFF 2016 2021-01-29 14:40:06Z BRIAN GALLAHER 32600 TELEGRAPH ROAD BINGHAM FARMS MI 48025 8293636 0 X WWW.MHTHOUSING.NET X 1990 MI PRESERVATION OF LOW INCOME HOUSING 4 1 22 0 0 0 0 471306 5700850 7400958 2819 115281 0 161810 5703669 8149355 0 0 0 0 1691517 2066949 0 0 0 1226888 3475077 2918405 5542026 2785264 2607329 54758699 57195606 1341868 1171446 53416831 56024160 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 5542026 7678049 MHT HOUSING, INC. FOR THE YEAR ENDED 3/31/17 RECEIVED THREE LOW INCOME HOUSING AWARDS TOTALING 316 UNITS. THESE PROJECTS WILL PROVIDE FOR 280 RENOVATED UNITS FOR PRESERVATION IN THE LOW INCOME HOUSING SYSTEM. THIRTY-SIX OF THESE UNITS WILL BE NEW CONSTRUCTION LOW INCOME UNITS BY PARTNERING WITH AN INNER CITY NON-PROFIT. THESE PROJECTS WILL HOUSE APPROXIMATELY 973 LOW INCOME INDIVIDUALS. IN ADDITION, OVER THE LAST YEAR MHT HAS COMPLETED THE RENOVATION OF 178 LOW-INCOME HOUSING UNITS WHICH IN TOTAL WILL HOUSE APPROXIMATELY 223 LOW INCOME SENIOR INDIVIDUALS. 5542026 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 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 22 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 1 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 BRIAN A GALLAHER VICE-PRESIDENT 40.00 X X 179060 0 37502 RICHARD C SHAFER DIRECTOR 1.00 X 0 0 6609 CHAD S JOSEPH DIRECTOR OF DEVELOPMENT 40.00 X 109596 0 27258 CHRISTOPHER BRIC VICE-PRESIDENT 40.00 X 190115 0 46138 DONNA MCMILLAN VICE-PRESIDENT 40.00 X 154212 0 9733 TIMOTHY A FOX CHAIRMAN 40.00 X 249999 0 20143 TIMOTHY V FOX PRESIDENT 40.00 X 295499 0 29489 1178481 0 176872 6 0 1 0 JONES DAY 150 WEST JEFFERSON 2100 DETROIT MI 48226 LEGAL 385587 WARNER NORCROSS 2000 TOWN CENTER SUITE 2700 SOUTHFIELD MI 48075 LEGAL 110286 2 471306 471306 DEVELOPER FEES 531390 3944398 3944398 INTEREST - LOAN RECEIV 531390 1782293 1782293 GAIN ON DISPOSAL OF IN 531390 1114679 1114679 PARTNERSHIP MANAGEMENT 531390 559588 559588 7400958 106005 106005 262547 100737 161810 161810 161810 52820 43544 9276 9276 9276 8149355 7678049 0 0 1178481 1178481 410907 410907 97792 97792 275025 275025 104744 104744 533417 533417 22325 22325 6344 6344 63274 63274 11430 11430 61292 61292 180554 180554 19638 19638 38752 38752 125104 125104 27576 27576 UNCOLLECTIBLE PROJECT E 2040961 2040961 CONTRIBUTIONS 134357 134357 ASSET MANAGEMENT FEES 88060 88060 PROPERTY TAXES 56197 56197 65796 65796 5542026 5542026 0 0 2719485 6041357 42792 6255679 1669157 4664908 4586522 47268959 46515229 19983 9706 85364 54758699 57195606 81000 74561 1257118 1093135 3750 3750 1341868 1171446 X 53416831 56024160 53416831 56024160 54758699 57195606 2607329 0 X 1 X 0 0 0 X 471306 471306 6180267 3347860 4092083 5700850 7400958 26722018 6180267 3347860 4092083 5700850 7872264 27193324 248500 106005 354505 0 248500 106005 354505 26838819 106005 106005 106005 106005 6180267 3347860 4092083 5700850 7978269 27299329 0.98310 0.98900 0.00390 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 610366 610366 4737487 987161 3750326 907826 681996 225830 4586522 INVESTMENT IN SUBSIDIARY - MHT HOLDING COMPANY, INC. 306100 C INVESTMENT IN SUBSIDIARY - MHT PROPERTIES XX 50100 C PROJECT COSTS 38572190 C ALLOWANCE FOR DOUBTFUL ACCOUNTS -5344517 C MISCELLANEOUS RECEIVABLE 12330 C LOANS TO MANAGEMENT COMPANY 462086 C SECOND MORTGAGE NOTES RECEIVABLE 5050000 C ACCRUED INTEREST RECEIVABLE 3505425 C TRADE FEES RECEIVABLE - LONG-TERM 3901515 C 46515229 TENANT SECURITY DEPOSIT 3750 3750 X X X 0 0 0 0 0 0 0 0 0 BRIAN A GALLAHER VICE-PRESIDENT 149460 0 29600 0 0 0 17829 0 19673 0 216562 0 0 0 CHRISTOPHER BRIC VICE-PRESIDENT 175115 0 15000 0 0 0 18012 0 28126 0 236253 0 0 0 DONNA MCMILLAN VICE-PRESIDENT 130212 0 24000 0 0 0 9733 0 0 0 163945 0 0 0 TIMOTHY A FOX CHAIRMAN 249999 0 0 0 0 0 0 0 20143 0 270142 0 0 0 TIMOTHY V FOX PRESIDENT 246249 0 49250 0 0 0 29489 0 0 0 324988 0 0 0 CONTINENTAL MANAGEMENT LLC LOAN RECEIVABLE X 462086 462086 0 1 0 462086 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 88060 ASSET MANAGEMENT FEES 0 CONTINENTAL MANAGEMENT LLC ENTITY OWNED MORE THAN 50% BY TIMOTHY A. FOX AND TIMOTHY V. FOX 193817 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 TREASURER, 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. 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 462086 COST CONTINENTAL MANAGEMENT LLC N CONTINENTAL MANAGEMENT LLC J 193817 MARKET RENT CONTINENTAL MANAGEMENT LLC M 88060 COMPARABLE SERVICES MHT HOUSING IV INC C 471306 COST