M H C Development Company Inc
- Assets
- $478.7k
- Revenue
- $182.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Alton, IL
- Founding
- 07/1983
- Data as of
- 06/2023
- EIN
- 37-1120291
Organization Overview
M H C Development Company Inc is located in Alton, IL. The organization was established in 1983. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. M H C Development Company Inc 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 06/2023, M H C Development Company Inc generated $182.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $191.5k during the year ending 06/2023. 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
PROVIDES PERMANENT HOUSING TO LOW INCOME, SINGLE ADULTS WITH SERIOUS MENTAL ILLNESS. APARTMENTS WITH SUBSIDIES AND A STAFF SERVICE COORDINATOR HELP TO ENSURE RESIDENTS REMAIN HOUSE AND REALIZE THEIR FULLEST POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISABLED PERSONS WERE PROVIDED WITH LOW INCOME HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Fischer President | OfficerTrustee | 1 | $0 |
Jim Ingram Vice President | OfficerTrustee | 1 | $0 |
Stacey Overturf Treasurer | OfficerTrustee | 1 | $0 |
Carol Lovelace Director | Trustee | 1 | $0 |
Deniece Shivers Director | Trustee | 1 | $0 |
Tom Johnson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $100,882 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $100,882 |
| Total Program Service Revenue | $79,692 |
| Investment income | $1,597 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $182,682 |
| 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 | $38,282 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,994 |
| Payroll taxes | $2,889 |
| Fees for services: Management | $11,328 |
| Fees for services: Legal | $68 |
| Fees for services: Accounting | $10,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $33 |
| Office expenses | $8,276 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $73,804 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $748 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,038 |
| Insurance | $16,338 |
| All other expenses | $0 |
| Total functional expenses | $191,498 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,515 |
| Savings and temporary cash investments | $191,211 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,152 |
| 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 | $6,823 |
| Net Land, buildings, and equipment | $255,764 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $8,225 |
| Other assets | $0 |
| Total assets | $478,690 |
| Accounts payable and accrued expenses | $60,810 |
| Grants payable | $0 |
| Deferred revenue | $167 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,827 |
| Total liabilities | $65,804 |
| Net assets without donor restrictions | -$307,514 |
| Net assets with donor restrictions | $720,400 |
| 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 | $478,690 |