2025-11-12T13:51:38-06:00 2024-12-31 382157642 MANER COSTERISAN PC 2425 E GRAND RIVER SUITE 1 LANSING MI 489123291 990 2024-01-01 382957148 MHT HOUSING INC MHTH 2488330550 32500 TELEGRAPH ROAD 100 BINGHAM FARMS MI 48025 BRIAN GALLAHER CHIEF FINANCIAL OFFICER 2488330550 2025-11-10 1 1 AMBER RATHBUN CPA P01786612 5173237500 2025-11-10 2024 2025-03-06 01:10:19Z TIMOTHY V FOX 32500 TELEGRAPH ROAD 100 BINGHAM FARMS MI 48025 44928033 0 X WWW.MHTHOUSING.NET X 1990 MI PRESERVATION OF LOW-INCOME HOUSING 3 2 36 3 0 0 46618045 12529250 49677119 27383636 2268248 3901990 859872 1113157 99423284 44928033 238436 515353 0 0 5618045 7739358 0 0 0 4035316 3993150 9891797 12247861 89531487 32680172 244276493 276457512 6684494 6511482 237591999 269946030 TO PRESERVE AND EXTEND AFFORDABLE HOUSING IN MICHIGAN THROUGH THE ACQUISITION AND OPERATION OF MULTIFAMILY RESIDENTIAL REAL ESTATE FOR LOW AND VERY LOW-INCOME TENANTS. 0 0 10062855 515353 27869753 FOR THE YEAR ENDED DECEMBER 31, 2024 MHT HOUSING, INC. (MHT) RECEIVED THREE LOW-INCOME HOUSING TAX CREDIT AWARDS TOTALING 311 UNITS. THESE PROJECTS WILL PROVIDE FOR 262 RENOVATED UNITS FOR PRESERVATION IN THE LOW-INCOME HOUSING SYSTEM AND 49 NEW CONSTRUCTION UNITS. THESE PROJECTS WILL HOUSE APPROXIMATELY 595 LOW-INCOME INDIVIDUALS. MHT ALSO APPLIED FOR LOW-INCOME HOUSING TAX CREDITS FOR THREE ADDITIONAL PROJECTS. IN ADDITION, OVER THE LAST YEAR MHT HAS COMPLETED THE RENOVATION OF 642 LOW-INCOME UNITS AND NEW CONSTRUCTION OF 53 LOW-INCOME HOUSING UNITS WHICH WILL HOUSE APPROXIMATELY 1,942 LOW-INCOME INDIVIDUALS. MHT ALSO MADE SIGNIFICANT DONATIONS TO OTHER NONPROFIT ORGANIZATIONS AND TO INNER-CITY RESIDENTS PROVIDING CLOTHING, FOOD AND BASIC NECESSITIES THAT WERE WELL RECEIVED AND APPRECIATED BY THOSE RESIDENTS. 10062855 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 9 0 1 36 1 0 0 0 0 0 0 0 0 0 0 0 0 X 3 2 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MI OR X BRIAN GALLAHER 2488330550 32500 TELEGRAPH ROAD 100 BINGHAM FARMS MI 48025 TIMOTHY V FOX PRESIDENT 40.00 10.00 X X 656329 0 34500 MARTHA RICHARDSON CHAIRMAN (ENDED 10/24) 5.00 5.00 X X 0 0 0 STEVEN CHAMPA SECRETARY 5.00 5.00 X X 0 0 0 THOMAS EDMISTON TREASURER 5.00 5.00 X X 0 0 0 BRIAN A GALLAHER CHIEF FINANCIAL OFFICER 40.00 10.00 X 484497 0 60819 TIMOTHY A FOX CHIEF OPERATING OFFICER 35.00 5.00 X 310463 0 22057 ANDREW MARTIN VICE PRESIDENT OF DEVELOPMENT 25.00 20.00 X 268421 0 47364 DONNA MCMILLAN MULTIFAMILY PRESERVATION DIRECTOR 45.00 X 218806 0 21881 ROLLIN STODDARD CHIEF ARCHITECT 25.00 20.00 X 223625 0 57034 CHAD JOSEPH VP OF CONSTRUCTION 25.00 20.00 X 175048 0 49760 WILLIAM ZAROTNY SENIOR VICE PRESIDENT 45.00 X 194012 0 54383 2531201 0 347798 19 0 1 0 M&N GENERAL CONTRACTING LLC 972 RANKIN DRIVE TROY MI 48083 CONTRACT SERVICES 3670742 CONCEPT DESIGN STUDIO INC 800 ELLIS ROAD SUITE 508 MUSKEGON MI 49441 ARCHITECT SERVICES 1949440 HAMP MATHEWS & ASSOCIATES INC 15266 ANN DRIVE BATH MI 48808 ENVIRONMENTAL SERVICES 1212677 GREAT LAKES ROOFING INC 2525 INDUSTRIAL ROW DR TROY MI 48084 CONTRACT SERVICES 783329 KEM-TEC 22556 GRATIOT AVE EASTPOINTE MI 48021 ENGINEERING, SURVEY SERVICES 646380 13 10000000 458268 2070982 12529250 DEVELOPER FEES 531390 17060427 17060427 INTEREST - LOAN RECEIVABLE 531390 4602506 4602506 PARTNERSHIP MANAGEMENT FEE 531390 4224410 4224410 CONSULTING FEES 531390 851658 851658 INCOME FROM RELATED ORGANIZATION 531390 299739 299739 344896 344896 27383636 3901990 3901990 627040 0 627040 627040 627040 MISCELLANEOUS INCOME 900099 486117 486117 486117 44928033 27869753 0 4529030 395855 395855 119498 119498 1568665 1254932 313733 4945370 3956295 989075 283693 226954 56739 536957 429566 107391 404673 323738 80935 7566 6053 1513 321872 257498 64374 41735 33388 8347 1667 1334 333 291238 232992 58246 18752 18752 965310 772248 193062 342049 273639 68410 176626 141301 35325 119708 95766 23942 143939 115151 28788 406764 325411 81353 1407 1126 281 BAD DEBT EXPENSE 788733 788733 MAINTENANCE AND REPAIRS 361522 289218 72304 MISCELLANEOUS 4262 3407 855 12247861 10062855 2185006 0 X 15198644 12078921 55751991 62144498 1232752 2590182 10752297 5466779 85580 47169 10416275 1305575 9301409 9110700 151669581 184832228 284239 187035 244276493 276457512 1061626 1645744 4101158 3934261 1521710 931477 6684494 6511482 X 237591999 269946030 237591999 269946030 244276493 276457512 32680172 -326141 0 X 0 1 X 1 0 X 326100 5259388 46618045 12529250 64732783 23742320 18150094 55205825 49677119 27383636 174158994 23742320 18476194 60465213 96295164 39912886 238891777 0 0 0 238891777 40096 1035 841026 2742194 4529030 8153381 40096 1035 841026 2742194 4529030 8153381 376188 19973 385926 486117 1268204 23782416 18853417 61326212 99423284 44928033 248313362 0.96210 0.97940 0.03280 0.01700 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2021 AMOUNT: $ 376,188. 2022 AMOUNT: $ 19,973. 2023 AMOUNT: $ 385,926. 2024 AMOUNT: $ 486,117. PART III, SHORT YEAR EXPLANATION: IN 2023, MHT HOUSING, INC. FILED A SHORT YEAR RETURN. THE 2023 AMOUNTS ON SCHEDULE A REFLECT THE SHORT PERIOD APRIL 1, 2023 THROUGH DECEMBER 31, 2023. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1292866 1292866 7356230 546031 6810199 678183 167907 510276 696554 443930 252624 392442 147707 244735 9110700 PROJECT COSTS 147012267 C ALLOWANCE FOR DOUBTFUL ACCOUNTS -1300000 C TRADE FEES RECEIVABLE - LONG-TERM 39119961 C 184832228 DUE TO AFFILIATES 931477 931477 X PART X, LINE 2: THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE CORPORATION IS NOT CLASSIFIED AS A PRIVATE FOUNDATION AND CONDUCTS NO ACTIVITIES UNRELATED TO ITS EXEMPT PURPOSE. IN THE PREPARATION OF INFORMATIONAL TAX RETURNS, TAX POSITIONS ARE TAKEN BASED ON INTERPRETATION OF FEDERAL, STATE, AND LOCAL INCOME TAX LAWS. MANAGEMENT PERIODICALLY REVIEWS AND EVALUATES THE STATUS OF UNCERTAIN TAX POSITIONS AND MAKES ESTIMATES OF AMOUNTS, INCLUDING INTEREST AND PENALTIES, ULTIMATELY DUE OR OWED. NO AMOUNTS HAVE BEEN IDENTIFIED, OR RECORDED, AS UNCERTAIN TAX POSITIONS. FEDERAL, STATE, AND LOCAL TAX RETURNS GENERALLY REMAIN OPEN FOR EXAMINATION BY THE VARIOUS TAXING AUTHORITIES FOR A PERIOD OF THREE TO FOUR YEARS. 1 DETROIT PUBLIC SAFETY FOUNDATION 1301 THIRD STREET SUITE 547 DETROIT MI 48226 300056848 501(C)(3) 7000 0 GENERAL PROGRAM SUPPORT HAVEN HOUSE 121 WHITEHILLS DRIVE EAST LANSING MI 48823 382433890 501(C)(3) 7500 0 GENERAL PROGRAM SUPPORT CREA FOUNDATION 30 S MERIDIAN ST INDIANAPOLIS IN 46204 853787409 501(C)(3) 10000 0 GENERAL PROGRAM SUPPORT THE CENTER FOR INDEPENDENCE 100 W PLAINFIELD ROAD COUNTRYSIDE IL 60525 364259162 501(C)(3) 10000 0 GENERAL PROGRAM SUPPORT LIBERTY TEMPLE BAPTIST CHURCH 17188 GREENFIELD RD DETROIT MI 48235 382352009 501(C)(3) 10000 0 GENERAL PROGRAM SUPPORT NEIGHBORHOOD SERVICE ORGANIZATION 882 OAKMAN BLVD SUITE C DETROIT MI 48238 381561624 501(C)(3) 14000 0 GENERAL PROGRAM SUPPORT EMERGENCY RESPONSE SERVICES INC 21810 SCHMEMAN AVE WARREN MI 48089 270569925 14445 0 NEIGHBORHOOD CLEANUP BENEFITING THE CITY OF DETROIT. CHURCH OF MESSIAH HOUSING CORPORATION PO BOX 141240 DETROIT MI 482146240 382252958 501(C)(3) 15000 0 GENERAL PROGRAM SUPPORT REGINA HIGH SCHOOL 13900 MASONIC BLVD WARREN MI 48088 421710391 501(C)(3) 16500 0 ANNUAL SCHOLARSHIP FUND NATIONAL WOMEN'S AFFORDABLE HOUSING NETWORK 3205 WOODWARD CROSSING BLVD SUITE F 1132 BUFORD GA 30519 871394768 501(C)(3) 20000 0 GENERAL PROGRAM SUPPORT ART FOR GOD'S SAKE 9844 WOODWARD AVE DETROIT MI 48202 842055701 501(C)(3) 25000 0 GENERAL PROGRAM SUPPORT CASS COMMUNITY SOCIAL SERVICES 11745 ROSA PARK BOULEVARD DETROIT MI 48206 383429921 501(C)(3) 27695 0 GENERAL PROGRAM SUPPORT DETROIT CATHOLIC PASTORAL ALLIANCE 9200 GRATIOT AVE DETROIT MI 48213 382938993 501(C)(3) 32500 0 GENERAL PROGRAM SUPPORT DETROIT INSTITUTE OF ARTS 5200 WOODWARD AVE DETROIT MI 48202 381359510 501(C)(3) 42065 0 GENERAL PROGRAM SUPPORT CRISTO REY HIGH SCHOOL 5679 VERNOR HWY DETROIT MI 48209 263176934 501(C)(3) 51884 0 TUITION AND OTHER ASSISTANCE BEAUMONT HEALTH FOUNDATION 26901 BEAUMONT BOULEVARD SUITE 5D SOUTHFIELD MI 48033 364852171 501(C)(3) 65000 0 GENERAL PROGRAM SUPPORT 15 1 COMMUNITY OUTREACH AND SUPPORT 2500 119498 FMV "MIRACLE ON VERNOR" COMMUNITY OUTREACH EVENT WHICH INCLUDED FOOD AND ENTERTAINMENT FOR RESIDENTS X X X X X X 0 0 0 0 0 0 0 0 0 TIMOTHY V FOX PRESIDENT 656329 0 0 0 0 0 34500 0 0 0 690829 0 0 0 BRIAN A GALLAHER CHIEF FINANCIAL OFFICER 484497 0 0 0 0 0 34500 0 26319 0 545316 0 0 0 TIMOTHY A FOX CHIEF OPERATING OFFICER 310463 0 0 0 0 0 0 0 22057 0 332520 0 0 0 ANDREW MARTIN VICE PRESIDENT OF DEVELOPMENT 268421 0 0 0 0 0 27334 0 20030 0 315785 0 0 0 ROLLIN STODDARD CHIEF ARCHITECT 223625 0 0 0 0 0 22363 0 34671 0 280659 0 0 0 WILLIAM ZAROTNY SENIOR VICE PRESIDENT 194012 0 0 0 0 0 19401 0 34982 0 248395 0 0 0 DONNA MCMILLAN MULTIFAMILY PRESERVATION DIRECTOR 218806 0 0 0 0 0 21881 0 0 0 240687 0 0 0 CHAD JOSEPH VP OF CONSTRUCTION 175048 0 0 0 0 0 18062 0 31698 0 224808 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 TIMOTHY V. FOX (BOARD PRESIDENT) AND TIMOTHY A. FOX (CHIEF OPERATING OFFICER) ARE FATHER AND SON. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 WAS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY FOR REVIEW PURPOSES PRIOR TO THE FILING OF THE RETURN. THE RETURN IS REVIEWED BY BRIAN GALLAHER, THE CHIEF FINANCIAL OFFICER, FOR COMPLETENESS AND ACCURACY. FORM 990, PART VI, SECTION B, LINE 12C ALL PARTIES HAVE SIGNED OFF ON CONFLICT OF INTEREST POLICIES AND IT IS DISCUSSED AT BOARD MEETINGS IF THERE IS ANY QUESTION. FORM 990, PART VI, SECTION B, LINE 15 A PROFESSIONAL COMPENSATION STUDY IS COMPLETED EVERY 3 YEARS AND APPROVED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART X, LINE 13 SECTION 168(H)(6)(F)(II) ELECTION MACH 1 MM, LLC (MANAGING MEMBER, MACH 1 LIMITED DIVIDEND HOUSING ASSOCIATION, LLC) 32500 TELEGRAPH ROAD, SUITE 100 BINGHAM FARMS, MI 48025 EIN: 92-2405697 FORM 4562: DEPRECIATION AND AMORTIZATION ELECTION UNDER INTERNAL REVENUE CODE SECTION 168(H)(6)(F)(II) PURSUANT TO TEMPORARY TREASURY REGULATION SECTION 301.9100 7T, MACH 1 MM, LLC, A SUBSIDIARY OF MHT HOUSING, INC., A(N) MICHIGAN NOT-FOR-PROFIT ORGANIZATION, HEREBY ELECTS UNDER INTERNAL REVENUE CODE SECTION 168(H)(6)(F)(II): (I) NOT TO BE TREATED AS A TAX-EXEMPT ENTITY FOR PURPOSES OF INTERNAL REVENUE CODE SECTIONS 168(H)(5) AND (6), AND (II) TO TREAT ANY GAIN RECOGNIZED BY ITS TAX-EXEMPT PARENT ON ANY DISPOSITION OF AN INTEREST IN IT (AND TO TREAT ANY DIVIDENDS OR INTEREST RECEIVED OR ACCRUED BY ITS TAX-EXEMPT PARENT FROM IT) AS UNRELATED BUSINESS TAXABLE INCOME UNDER CODE SECTION 511. FORM 990, PART X, LINE 13 SECTION 168(H)(6)(F)(II) ELECTION 60 HARPER MM, LLC (MANAGING MEMBER, 60 HARPER LIMITED DIVIDEND HOUSING ASSOCIATION, LLC) 32500 TELEGRAPH ROAD, SUITE 100 BINGHAM FARMS, MI 48025 EIN: 92-3467219 FORM 4562: DEPRECIATION AND AMORTIZATION ELECTION UNDER INTERNAL REVENUE CODE SECTION 168(H)(6)(F)(II) PURSUANT TO TEMPORARY TREASURY REGULATION SECTION 301.9100 7T, 60 HARPER MM, LLC, A SUBSIDIARY OF MHT HOUSING, INC., A(N) MICHIGAN NOT-FOR-PROFIT ORGANIZATION, HEREBY ELECTS UNDER INTERNAL REVENUE CODE SECTION 168(H)(6)(F)(II): (I) NOT TO BE TREATED AS A TAX-EXEMPT ENTITY FOR PURPOSES OF INTERNAL REVENUE CODE SECTIONS 168(H)(5) AND (6), AND (II) TO TREAT ANY GAIN RECOGNIZED BY ITS TAX-EXEMPT PARENT ON ANY DISPOSITION OF AN INTEREST IN IT (AND TO TREAT ANY DIVIDENDS OR INTEREST RECEIVED OR ACCRUED BY ITS TAX-EXEMPT PARENT FROM IT) AS UNRELATED BUSINESS TAXABLE INCOME UNDER CODE SECTION 511. 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