MHT HOUSING IV INC

EIN: 383384042 501(c)(3) Housing & Shelter

BINGHAM FARMS, MI

Total Revenue
$4,269,712
Total Expenses
$2,517,630
Total Assets
$14,386,694
Net Assets
$14,027,525
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
MI
Principal Officer
TIMOTHY V FOX
Phone
2488330550
Tax Period
2022-04-01 to 2023-03-31

MHT HOUSING IV INC, founded in 1997, is a community nonprofit in the Housing & Shelter sector that reported $4.3M in total revenue in fiscal year 2022. Revenue surged 5828% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.8M, a strong 41% operating margin.

Mission

TO PRESERVE AND EXTEND AFFORDABLE HOUSING THROUGH THE ACQUISITION AND OPERATION OF MULTIFAMILY RESIDENTIAL REAL ESTATE FOR LOW AND VERY LOW INCOME TENANTS.

Program Service Accomplishments

Program 1
Expenses: $2,500,000 Revenue: $1,731,703

TO PRESERVICE AND EXTEND AFFORDABLE HOUSING THROUGH THE ACQUISITION AND OPERATION OF MULTIFAMILY RESIDENTIAL REAL ESTATE FOR LOW AND VERY LOW INCOME TENANTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $740,317
Program Service Revenue $1,718,760
Investment Income $1,797,692
Other Revenue $12,943
TOTAL REVENUE $4,269,712

Expense Breakdown

Grants Paid $2,500,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,500,000
Other Expenses $17,630
TOTAL EXPENSES $2,517,630

Year-over-Year Comparison

2022 2021 Change
Revenue $4,269,712 $72,026 +58.3%
Expenses $2,517,630 $1,167 +2156.4%
Net Income $1,752,082 $70,859 +23.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
3
Employees
N/A
Volunteers
3

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
7
$1,550,177
Total Directors
5
$709,009
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIMOTHY V FOX PRESIDENT 10.00
Officer Director
$0 $30,500 $656,509
GREGORY J DEMARS TREASURER (ENDED 6/18/22) 5.00
Officer Director
$0 $0 $52,500
MARTHA J RICHARDSON CHAIRMAN 5.00
Officer Director
$0 $0 $0
STEVEN CHAMPA SECRETARY 5.00
Officer Director
$0 $0 $0
THOMAS EDMISTON TREASURER (STARTED 6/18/22) 5.00
Officer Director
$0 $0 $0
BRIAN GALLAHER CHIEF FINANCIAL OFFICER 10.00
Officer
$0 $57,832 $512,908
TIMOTHY A FOX CHIEF OPERATING OFFICER 5.00
Officer
$0 $17,664 $328,260
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
2024 No data No data No data No data
2023 $4,269,712 $2,517,630 $14,386,694 $1,752,082
2023 $47,380,117 $47,338,374 $15,133,470 $41,743
2022 $72,026 $1,167 $13,010,191 $70,859
2021 $1,133,059 $13,825 $13,270,876 $1,119,234
2021 $1,133,059 $13,825 $13,270,876 $1,119,234
2020 $3,521,017 $30,973 $12,176,263 $3,490,044
2019 $474,617 $69,708 $8,661,598 $404,909
2018 $641,886 $875,684 $8,556,994 $-233,798
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