MULTIFAMILY COALITION FOR AFFORDABLE HOUSING F/K/A MIDWEST

EIN: 382977384 501(c)(3) Philanthropy & Grantmaking

TROY, MI

Total Revenue
$235,754
Total Expenses
$403,129
Total Assets
$7,326,383
Net Assets
$7,008,435
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
MI
Principal Officer
JOHN K ZOLLINGER JR
Tax Period
2019-01-01 to 2019-12-31

MULTIFAMILY COALITION FOR AFFORDABLE HOUSING F/K/A MIDWEST, founded in 1991, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $236K in total revenue in fiscal year 2019. Revenue decreased 12% compared to the prior year. Expenses of $403K exceeded revenue, resulting in a 71% operating deficit.

Mission

MCFAH AIMS TO IMPROVE THE QUALITY OF LIFE OF PRIMARILY LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES BY PROVIDING THEM WITH RESIDENCES IN SAFE, DECENT AND AFFORDABLE HOUSING COMMUNITIES. WE CARRY OUT OUR MISSION IN THE FOLLOWING WAYS: BY PROVIDING FINANCIAL ASSISTANCE FOR THE REHABILITATION AND OPERATION OF AFFORDABLE HOUSING COMMUNITIES. BY ASSISTING IN THE OPERATION OF AFFORDABLE HOUSING COMMUNITIES THROUGH PARTICIPATION IN THE OWNERSHIP OF COMPANIES THAT ACQUIRE, DEVELOP, REHABILITATE AND/OR OPERATE SUCH COMMUNITIES. BY ASSISTING OWNERS OF AFFORDABLE HOUSING COMMUNITIES IN OBTAINING GOVERNMENTAL AND FOUNDATION GRANTS AND AWARDS TO FUND THE REHABILITATION, IMPROVEMENT, FINANCING AND OPERATION OF THOSE COMMUNITIES. BY ASSISTING IN THE FUNDING OF EDUCATIONAL AND COMMUNITY DEVELOPMENT PROGRAMS FOR RESIDENTS OF AFFORDABLE HOUSING COMMUNITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $14,620
Investment Income $0
Other Revenue $221,134
TOTAL REVENUE $235,754

Expense Breakdown

Grants Paid $44,000
Salaries & Benefits $33,750
Fundraising Expenses $0
Program Expenses $374,017
Other Expenses $325,379
TOTAL EXPENSES $403,129

Year-over-Year Comparison

2019 2018 Change
Revenue $235,754 $268,439 -0.1%
Expenses $403,129 $326,088 +0.2%
Net Income $-167,375 $-57,649 +1.9%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$33,750
Total Directors
4
$33,750
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN K ZOLLINGER JR PRESIDENT/DI 2.00
Officer Director
$11,250 $0 $11,250
BRADLEY BULLOCK TREASURER/DI 1.00
Officer Director
$7,500 $0 $7,500
FREDERICK HASH VP/DIRECTOR 1.00
Officer Director
$7,500 $0 $7,500
PETER HINZ SECRETARY/DI 1.00
Officer Director
$7,500 $0 $7,500
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2019 $235,754 $403,129 $7,326,383 $-167,375
2018 $268,439 $326,088 $7,428,127 $-57,649
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