MILFORD HOUSING DEVELOPMENT CORP

EIN: 510218904 501(c)(3) Housing & Shelter

MILFORD, DE

Total Revenue
$10,266,400
Total Expenses
$11,627,693
Total Assets
$33,484,014
Net Assets
$-10,085,499
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
DE
Principal Officer
DAVID MOORE
Phone
3024228255
Tax Period
2023-01-01 to 2023-12-31

MILFORD HOUSING DEVELOPMENT CORP, founded in 1977, is a mid-sized nonprofit in the Housing & Shelter sector that reported $10.3M in total revenue in fiscal year 2023. Expenses of $11.6M exceeded revenue, resulting in a 13% operating deficit.

Mission

THE MISSION OF THE MHDC IS TO PROVIDE DECENT, SAFE, AND AFFORDABLE HOUSING SOLUTIONS FOR PEOPLE OF MODEST MEANS.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,469,189
Program Service Revenue $7,937,713
Investment Income $50,274
Other Revenue $-190,776
TOTAL REVENUE $10,266,400

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,954,897
Fundraising Expenses $106,058
Program Expenses $9,676,059
Other Expenses $7,672,796
TOTAL EXPENSES $11,627,693

Year-over-Year Comparison

2023 2022 Change
Revenue $10,266,400 $10,610,866 0.0%
Expenses $11,627,693 $10,971,772 +0.1%
Net Income $-1,361,293 $-360,906 +2.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
13
Independent Members
13
Employees
21
Volunteers
192

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
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NANCY CHOMA DIRECTOR N/A
Director
$0 $0 $0
MARGARET GALLEGO DIRECTOR N/A
Director
$0 $0 $0
JOSEPH HERBERT DIRECTOR N/A
Director
$0 $0 $0
THOMAS HOULIHAN VICE CHAIR N/A
Director
$0 $0 $0
LISA KIRKWOOD DIRECTOR N/A
Director
$0 $0 $0
MATTHEW PARKS CHAIR N/A
Director
$0 $0 $0
REV THOMAS PASMORE DIRECTOR N/A
Director
$0 $0 $0
TIMOTHY RILEY DIRECTOR N/A
Director
$0 $0 $0
LINDA ROGERS DIRECTOR N/A
Director
$0 $0 $0
RUSSELL HUXTABLE VICE PRES. N/A
Officer
$0 $0 $0
JENNIFER KINTZ TREASURER N/A
Officer
$0 $0 $0
DAVID MOORE PRESIDENT N/A
Officer
$0 $0 $0
CHRISTINA STANLEY VICE PRESIDE N/A
Officer
$0 $0 $0
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 $10,266,400 $11,627,693 $33,484,014 $-1,361,293
2022 $10,610,866 $10,971,772 $32,022,744 $-360,906
2021 $10,337,525 $10,122,363 $34,677,401 $215,162
2020 $12,513,663 $10,399,363 $39,375,823 $2,114,300
2019 $14,754,367 $13,952,533 $44,806,240 $801,834
2018 $9,869,779 $11,757,170 $47,239,306 $-1,887,391
Explore More Nonprofits
→Top 100 Nonprofits in Delaware →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare MILFORD HOUSING DEVELOPMENT CORP with other nonprofits in Delaware and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.