Mht Housing Iv Inc

Organization Overview

Mht Housing Iv Inc is located in Bingham Farms, MI. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mht Housing Iv 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 12/2023, Mht Housing Iv Inc generated $47.4m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 63.0% each year . All expenses for the organization totaled $47.3m during the year ending 12/2023. While expenses have increased by 60.3% per year over the past 9 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

PRESERVATION OF LOW-INCOME HOUSING

Describe the Organization's Program Activity:

Part 3 - Line 4a

MHT HOUSING IV, INC. (MHT IV) FOR THE YEAR ENDED 12/31/23 IS PROVIDING THROUGH ITS AFFILIATE THE RENOVATION AND CONSTRUCTION OF 1,130 UNITS. THESE PROJECTS WILL PROVIDE 1,081 RENOVATED UNITS FOR PRESERVATION IN THE LOW-INCOME HOUSING SYSTEM AND 49 NEW CONSTRUCTION UNITS. THESE PROJECTS WILL HOUSE APPROXIMATELY 2,923 LOW-INCOME INDIVIDUALS. IN ADDITION, OVER THE LAST YEAR MHT IV THROUGH ITS SUBSIDIARY HAS COMPLETED THE RENOVATION OF 887 LOW-INCOME UNITS AND NEW CONSTRUCTION OF 139 LOW-INCOME HOUSING UNITS WHICH WILL HOUSE APPROXIMATELY 2,735 LOW-INCOME INDIVIDUALS.


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Board, Officers & Key Employees

Name (title)Compensation
Timothy V Fox
President
$0
Martha J Richardson
Chairman
$0
Steven Champa
Secretary
$0
Thomas Edmiston
Treasurer
$0
Brian Gallaher
Chief Financial Officer
$0
Timothy A Fox
Chief Operating Officer
$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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$892,752
Investment income $360,759
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $46,126,606
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $47,380,117

Peer Organizations

Organization NameAssets
Gene B Glick Family Housing Foundation Inc
Indianapolis, IN
$87,526,499
Mht Housing Iv Inc
Bingham Farms, MI
$47,380,117
Integrated Community Services Inc
Green Bay, WI
$29,238,691
Cinnaire Corporation Cinnaire
Lansing, MI
$49,832,830
Crf Affordable Housing Inc
Plainfield, IN
$22,065,905
Milwaukee Habitat For Humanity
Milwaukee, WI
$17,897,176
Habitat For Humanity International Inc
Cincinnati, OH
$21,403,808
Taylor Community Development Corp
Taylor, MI
$15,218,096
Habitat For Humanity International Inc
Indianapolis, IN
$13,788,230
Buckeye Community Hope Foundation
Columbus, OH
$13,131,030
Caracole Inc
Cincinnati, OH
$12,508,692
Affordable Housing Partners Inc
Carmel, IN
$11,200,231
Famicos Foundation Inc
Cleveland, OH
$8,850,923
Mht Housing Inc
Bingham Farms, MI
$61,326,212
Avalon Nonprofit Housing Corp
Ann Arbor, MI
$9,644,768
Western Reserve Revitalization & Management Co
Cleveland, OH
$9,660,928
Excel Development Co Inc
Cincinnati, OH
$9,197,757
Habitat For Humanity International Inc
Menasha, WI
$10,354,475
Miami Valley Housing Opportunities Inc
Dayton, OH
$9,714,455
Pines Village Retirement Communities Inc
Valparaiso, IN
$6,678,185
Habitat For Humanity East Central Ohio Inc
Canton, OH
$15,290,112
Saints Incorporated
Wayne, MI
$9,329,711
National Affordable Housing Trust Inc
Columbus, OH
$9,030,315
Habitat For Humanity International Inc
Madison, WI
$7,444,212
Habitat For Humanity Of Greater Fort Wayne Inc
Fort Wayne, IN
$8,768,853

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