Milton-Fuller Housing Corporation
- Assets
- $79.2m
- Revenue
- $10.1m
- Investments
- $0.0
- Employees
- 43
- Location
- Milton, MA
- Founding
- 07/1998
- Data as of
- 09/2023
- EIN
- 04-3362851
Organization Overview
Milton-Fuller Housing Corporation is located in Milton, MA. The organization was established in 1998. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 09/2023, Milton-Fuller Housing Corporation employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Milton-Fuller Housing Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Milton-Fuller Housing Corporation generated $10.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $10.8m during the year ending 09/2023. While expenses have increased by 4.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HOUSING AND RELATED SERVICES FOR ELDERLY AND HANDICAPPED PERSONS IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HOUSING AND RELATED SERVICES FOR ELDERLY AND HANDICAPPED PERSONS IN THE COMMUNITY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Heavey President | OfficerTrustee | 2 | $0 |
Phil Mathews Treasurer | OfficerTrustee | 2 | $0 |
Wendy O'malley Clerk | OfficerTrustee | 2 | $0 |
William J Sullivan III Vice President | Trustee | 0 | $0 |
John Gallagher Residents Association Rep | Trustee | 0 | $0 |
Dr Xenia Johnson Bhembe Board Of Directors | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $62,737 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $62,737 |
| Total Program Service Revenue | $8,048,314 |
| Investment income | $85,805 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $210,819 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,056,705 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,832,851 |
| Pension plan accruals and contributions | $44,773 |
| Other employee benefits | $180,627 |
| Payroll taxes | $167,862 |
| Fees for services: Management | $54,724 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,812 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $109,686 |
| Office expenses | $107,562 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $815,342 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $100,511 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,356,395 |
| Insurance | $330,614 |
| All other expenses | $606,913 |
| Total functional expenses | $10,817,769 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,757,766 |
| Savings and temporary cash investments | $5,567,079 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,711 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,997 |
| Net Land, buildings, and equipment | $63,377,356 |
| Investments—publicly traded securities | $8,327,833 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $88,347 |
| Total assets | $79,154,089 |
| Accounts payable and accrued expenses | $559,253 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,559,878 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $95,620,165 |
| Total liabilities | $97,739,296 |
| Net assets without donor restrictions | -$26,960,207 |
| Net assets with donor restrictions | $8,375,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $79,154,089 |