Milton-Fuller Housing Corporation
- Assets
- $76.6m
- Revenue
- $9.3m
- Investments
- $0.0
- Employees
- 52
- Location
- Milton, MA
- Founding
- 07/1998
- Data as of
- 09/2022
- 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 09/2022, Milton-Fuller Housing Corporation employed 52 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 09/2022, Milton-Fuller Housing Corporation generated $9.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $10.3m during the year ending 09/2022. While expenses have increased by 4.4% per year over the past 7 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
2022
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah M Felton Executive Director | Officer | 40 | $212,574 |
Marguerite Payton Controller | 40 | $104,460 | |
Christopher Heavey President | Officer | 2 | $0 |
Wendy O'malley Clerk | Officer | 2 | $0 |
Phil Mathews Treasurer | Officer | 2 | $0 |
William J Sullivan III Vice President | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $525,426 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,037 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $541,463 |
| Total Program Service Revenue | $7,282,073 |
| Investment income | $82,589 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $267,063 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,254,138 |
| 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. | $212,574 |
| Compensation of current officers, directors, key employees. | $21,257 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,447,385 |
| Pension plan accruals and contributions | $37,702 |
| Other employee benefits | $186,077 |
| Payroll taxes | $122,661 |
| Fees for services: Management | $24,551 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,677 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $93,249 |
| Office expenses | $115,658 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $768,952 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $39,809 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,201,472 |
| Insurance | $330,821 |
| All other expenses | $640,676 |
| Total functional expenses | $10,328,662 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,159,580 |
| Savings and temporary cash investments | $3,741,088 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,182 |
| 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 | $665 |
| Net Land, buildings, and equipment | $64,455,582 |
| Investments—publicly traded securities | $7,225,428 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $76,615,525 |
| Accounts payable and accrued expenses | $635,230 |
| 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 | $35,000 |
| Secured mortgages and notes payable | $1,634,878 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $92,940,702 |
| Total liabilities | $95,245,810 |
| Net assets without donor restrictions | -$27,005,285 |
| 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 | $76,615,525 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Milton-Fuller Housing Corporation has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nycha Ii Housing Development Fund Corporation New York, NY | $21,607,256 | $75,418,815 |
Housing Assistance Corporation Hyannis, MA | $20,544,372 | $36,246,807 |
Eihab Human Services New Jersey Inc Springfield Gardens, NY | $6,084,233 | $34,447,037 |
West Side Federation For Senior Housing Inc New York, NY | $138,485,239 | $41,412,403 |
East Harlem Pilot Block Housing Development Fund Co Inc New York, NY | $76,192,730 | $32,420,395 |
Orange Affordable Housing Inc New York, NY | $0 | $0 |
Housing Visions Unlimited Inc Syracuse, NY | $54,882,329 | $24,284,268 |
Phipps Houses New York, NY | $754,776,508 | $88,001,578 |
C-Hp Cove Inc New York, NY | $8,025,727 | $5,367,385 |
Diego Beekman Mutual Housing Assoc Housing Developmnt Fund Corp Bronx, NY | $60,873,005 | $24,267,142 |
Champlain Housing Tr Burlington, VT | $156,492,954 | $31,041,858 |
Neville Communities Home Inc Cambridge, MA | $11,055,368 | $17,412,264 |