Overview
What is Mht Housing Inc?
Mht Housing Inc, a Michigan-based nonprofit organization, is dedicated to preserving and extending affordable housing through the acquisition and operation of multifamily residential real estate for low and very low-income tenants. Last year, they received six Low-Income Housing Tax Credit awards, totaling 331 units. Among these, 235 units were for preservation, and 96 were new constructions. These projects will house approximately 541 low-income individuals. Additionally, Mht Housing Inc purchased 110 low-income units, providing homes for roughly 245 individuals. They completed the renovation of 456 low-income units and constructed 175 units, with 125 being market rate and 50 low-income, accommodating around 927 individuals. The organization has made significant donations to various nonprofits, including an inner-city charter school for students K-12. Mht Housing Inc employs a team of 29 individuals.
Official website here: www.mhthousing.net
Is Mht Housing Inc legitimate?
Mht Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mht Housing Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $1,531,811
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,358,290
For more financial information, click here
What is the mission statement of Mht Housing Inc?
Mht Housing Inc is dedicated to preserving and extending affordable housing options in Michigan. Through the acquisition and operation of multifamily residential real estate, this organization aims to provide housing solutions for low and very low income tenants. In the previous year, Mht Housing Inc received six Low-Income Housing Tax Credit awards, adding 331 units to their portfolio, with 235 units being renovated and 96 new units constructed. These projects will house approximately 541 low-income individuals. Additionally, Mht Housing Inc made significant donations to various nonprofits, one of which is an inner city charter school for students K-12.
Official website here: www.mhthousing.net
Who is the CEO of Mht Housing Inc?
What is the revenue of Mht Housing Inc?
Who are the executives of Mht Housing Inc and what are their salaries?
The average compensation at Mht Housing Inc during 2022 was $168,624. There are 29 employees at Mht Housing Inc.
Here are 11 key members and their salaries:
- Timothy V Fox (President) [Trustee/Director]
- Brian A Gallaher (Chief Financial Officer)
- Timothy A Fox (Chief Operating Officer)
- Christopher Bric (Executive Vice President)
- William J Zarotny (Director Of Asset Manageme)
- Andrew Martin (Vice President)
- Thomas Lydick (Controller)
- Donna Mcmillan (Director Of Multifamily Pr)
- Gregory Demars (Treasurer) [Trustee/Director]
- Martha Richardson (Chairman) [Trustee/Director]
- Steven Champa (Secretary) [Trustee/Director]
Official website here: www.mhthousing.net
Where can I find the form 990 for Mht Housing Inc?
The Mht Housing Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.mhthousing.net
Learn more at the official website: www.mhthousing.net
Mission Statement of Mht Housing Inc
MHT Housing Inc, a dedicated nonprofit organization, strives to preserve and extend affordable housing options for low and very low income tenants in Michigan. By acquiring and managing multifamily residential real estate, MHT Housing Inc plays a pivotal role in maintaining a substantial number of units within the low-income housing system. In the previous year, the organization was granted six Low-Income Housing Tax Credit awards, totaling 331 units. Among these projects, 235 existing units will be renovated, and 96 new units will be built, providing accommodation for around 541 low-income individuals.
Beyond these recent projects, MHT Housing Inc purchased 110 additional low-income units, housing approximately 245 individuals. Furthermore, the organization completed the renovation of 456 existing low-income units and initiated the construction of 175 new housing units, including 125 market rate and 50 low-income units. These efforts will accommodate around 927 more low-income individuals, significantly increasing the availability of affordable housing within the community.
MHT Housing Inc also extends its support beyond its housing initiatives. The organization made substantial donations to various nonprofits, including an inner city charter school for students K-12, further emphasizing its commitment to enhancing the lives of those in need.
Impact
This information is meant to be a general summary of Mht Housing Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
MHT Housing Inc's impact is significant in the preservation and extension of affordable housing in Michigan. In the year ended 3/31/22, MHT Housing Inc received multiple low-income housing tax credit awards totaling 331 units. These projects involved the renovation of 235 units and the creation of 96 new units, providing housing for approximately 541 low-income individuals. Additionally, MHT Housing Inc purchased 110 low-income units housing approximately 245 individuals.
Over the past year, MHT has completed the renovation of 456 low-income units and constructed 175 new units, with 50 designated for low-income individuals. In total, these efforts will house approximately 927 low-income individuals in Michigan.
Moreover, MHT Housing Inc has made significant donations to various organizations, including supporting an inner-city charter school for students K-12. Through its mission to preserve and extend affordable housing, MHT Housing Inc is making a tangible impact on the community in Bingham Farms, MI, and beyond.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INCOME FROM RELATED ORGANIZATION
Revenue
$10,013,551
PARTNERSHIP MANAGEMENT FEE
Revenue
$3,338,702
DEVELOPER FEES
Revenue
$2,688,280
INTEREST - LOAN RECEIVABLE
Revenue
$1,667,346
CONSULTING FEES
Revenue
$302,134
Organization Details
Founding Year
1990
Phone
(248) 833-0550
Principal Officer
Timothy V Fox
Main Address
32500 TELEGRAPH ROAD, BINGHAM FARMS, MI, 48025
Website
www.mhthousing.net
NTEE Category
Code: L200 - Housing
If you are a representative of Mht Housing Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.