2024-07-10T10:56:48-04:00 2023-12-31 510202843 LANK JOHNSON & TULL CPAS 521 N MARKET ST EXT SEAFORD DE 19973 990 2023-01-01 510218904 MILFORD HOUSING DEVELOPMENT CORP MILF 3024228255 977 E MASTEN CIR MILFORD DE 19963 DAVID MOORE PRESIDENT 3024914000 2024-07-10 true DAVID MOORE XXX-XX-XXXX true RICHARD L TULL CPA P00158719 3026299543 2024-07-10 2023 2023-04-26 12:10:37Z DAVID MOORE 8637 S DUPONT HWY FELTON DE 19943 10266400 false X WWW.MILFORDHOUSING.COM X 1977 DE THE MISSION OF THE MHDC IS TO PROVIDE DECENT, SAFE, AND AFFORDABLE HOUSING SOLUTIONS FOR PEOPLE OF MODEST MEANS. 13 13 21 192 0 2560387 2469189 8168358 7937713 39295 50274 -157174 -190776 10610866 10266400 0 0 3883931 3954897 0 106058 7087841 7672796 10971772 11627693 -360906 -1361293 32022744 33484014 39894326 43569513 -7871582 -10085499 THE MISSION OF THE MHDC IS TO PROVIDE DECENT, SAFE, AND AFFORDABLE HOUSING SOLUTIONS FOR PEOPLE OF MODEST MEANS. false false 9676059 8197328 TO PROVIDE AND MANAGE 189 LOW TO MODERATE INCOME HOUSING UNITS SUBSIDIZED BY HUD AND USDA-RD, GOVERNED BY HUD AND USDA REGULATIONS; TO PROVIDE ASSISTANCE TO INDIVIDUALS UNDER THE USDA SELF HELP HOUSING PROGRAM; TO REHABILITATE HOMES FOR SALE TO FAMILIES OF MODEST MEANS; TO PROVIDE CONSTRUCTION SERVICES TO ENTITIES PROVIDING HOUSING TO FAMILIES OF MODEST MEANS; TO MAINTAIN THE FINANCIAL AND COMPLIANCE RECORDS TO ENSURE THE FAMILIES OF MODEST MEANS ARE RECEIVING THE PROPER BENEFITS 9676059 true true false false false false false false false false true false false true true false false true false false false false false false false false false false false false false false false false false false false false false false false false true false false false false true 18 0 21 true false false false false false false false false false false false false false false X 13 13 false false false false false false false true true false false false true true true true true true true false X JENNIFER KINTZ 3024228255 977 EAST MASTEN CIRCLE MILFORD DE 19963 X NANCY CHOMA DIRECTOR X 0 0 0 MARGARET GALLEGO DIRECTOR X 0 0 0 JOSEPH HERBERT DIRECTOR X 0 0 0 THOMAS HOULIHAN VICE CHAIR X 0 0 0 LISA KIRKWOOD DIRECTOR X 0 0 0 MATTHEW PARKS CHAIR X 0 0 0 REV THOMAS PASMORE DIRECTOR X 0 0 0 TIMOTHY RILEY DIRECTOR X 0 0 0 LINDA ROGERS DIRECTOR X 0 0 0 RUSSELL HUXTABLE VICE PRES. X 0 0 0 JENNIFER KINTZ TREASURER X 0 0 0 DAVID MOORE PRESIDENT X 0 0 0 CHRISTINA STANLEY VICE PRESIDE X 0 0 0 false false false 1266258 1202931 2469189 LOW INCOME APARTMENT RENTALS 4396470 4396470 CONSTRUCTION AND MANAGEMENT 2089167 2089167 USDA & HUD ASSISTANCE 1282476 1282476 OTHER INCOME AND SALES 169600 169600 7937713 50274 50274 WEST STREET MANOR ANNEX LP 20176 20176 MILTON LANDING LP -3940 -3940 CARLTON COURT LP -28793 -28793 -178219 -178219 -190776 10266400 7987987 -190776 3021556 2022850 922475 76231 933341 471308 437942 24091 11974 7306 4668 198810 164815 33995 4593 4157 394 42 226599 187386 39213 40920 17889 23031 1875861 1861421 14440 3241 1637 1604 34046 8312 20040 5694 974494 900600 73894 1485556 1384975 100581 571034 475869 95165 PROJECT COSTS 1943357 1943357 BAD DEBTS 152849 152849 AUTOMOTIVE 82095 53054 29041 TAXES AND LICENSES 35325 4280 31045 32042 13994 18048 11627693 9676059 1845576 106058 4400320 4674793 871135 1318533 506588 548198 52767058 32241673 20308366 20525385 215962 243863 99053 74261 5621320 6098981 32022744 33484014 1068430 848964 931026 2151533 30035801 31555519 7859069 9013497 39894326 43569513 X -9052696 -11745087 1181114 1659588 -7871582 -10085499 32022744 33484014 X -1361293 -852624 X false true X true true true X 2398226 1708712 2050595 1931100 2469189 10557822 2398226 1708712 2050595 1931100 2469189 10557822 10557822 389505 -135717 -157174 96614 10654436 46942970 0.99090 0.99030 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6811872 6811872 41291630 28229293 13062337 4663556 4012380 651176 20525385 FUNDED ESCROWS AND RESERVES 3984228 CAPITOL PLAZA INVESTMENT 890417 INVESTMENT IN LIMITED PARTNERSHIPS 458104 NLV LAND 436724 TENANT SECURITY DEPOSITS 329508 6098981 ACCRUED INTEREST 8684724 SECURITY DEPOSITS FUNDED 328773 9013497 FORM 990, PAGE 1, PART I, LINE 6 AS PART OF THE SELF HELP PROGRAM, MHDC ENLISTS VOLUNTEERS TO HELP IN CONSTRUCTING NEW HOMES FOR PEOPLE OF MODEST MEANS. FORM 990, PAGE 6, PART VI, LINE 11B FORM 990, ALONG WITH AUDITED FINANCIAL STATEMENTS, IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW BEFORE FILING WITH THE IRS. AUDITORS PRESENT THE DOCUMENTS AT A SCHEDULED MEETING IN JULY OR AUGUST OF EACH YEAR. FORM 990, PAGE 6, PART VI, LINE 12C EMPLOYEES ARE REQUIRED BY THE PERSONNEL POLICY TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST. THE ENTITY IS SMALL ENOUGH, MANAGEMENT IS AWARE OF RELATIONSHIPS. FORM 990, PAGE 6, PART VI, LINE 15A THE PRESIDENT'S SALARY IS APPROVED BY THE BOARD OF DIRECTORS FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST FORM 990, PART XI, LINE 9 EQUITY ASSUMED IN CONSOLIDATION -852,624 MISSION BUILDERS LLC 977 E MASTEN CIRCLE MILFORD DE 19963 300264575 CONTRACTOR DE 179047 190489 MHDC CAPITOL PLAZA LLC 977 E MASTEN CIRCLE MILFORD DE 19963 RENTAL DE 11350 890417 MHDC CARLTON COURT LLC 977 E MASTEN CIRCLE MILFORD DE 19963 522258967 RENTAL MD N/A MHDC GP LLC 977 E MASTEN CIRCLE MILFORD DE 19963 RENTAL DE N/A