Nonprofit · EIN 51-0218904
MILFORD HOUSING DEVELOPMENT CORPERATION
Tax-exempt · MILFORD, DE 19963
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $18,975,124 | $12,039,623 | $6,935,501 | $33,961,258 | $36,835,859 | -$2,874,601 |
| December 31, 2023 | 990 | $10,266,400 | $11,627,693 | -$1,361,293 | $33,484,014 | $43,569,513 | -$10,085,499 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $12,096,523
- of which government grants
- $11,140,503
- Program service revenue
- $7,170,254
- Investment income
- $129,222
- Net gain from sales of assets
- $55,500
- Other revenue
- -$420,875
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $3,045,430
- Salaries, compensation and benefits (total)
- $4,006,750
- Professional fundraising fees
- $0
- Legal fees
- $60,820
- Accounting fees
- $217,075
- Occupancy
- $2,396,706
- Travel
- $4,226
- Depreciation
- $1,497,843
- Program services (functional)
- $9,926,183
- Management and general (functional)
- $1,992,864
- Fundraising (functional)
- $120,576
Balance sheet and other
- Total assets, start of year
- $33,484,014
- Total assets, end of year
- $33,961,258
- Total liabilities, end of year
- $36,835,859
- Net assets, end of year
- -$2,874,601
- Land, buildings and equipment
- $19,635,055
- Net assets without donor restrictions
- -$4,668,440
- Net assets with donor restrictions
- $1,793,839
- Gross receipts
- $18,975,124
- Employees
- 21
- Volunteers
- 111
- Year formed
- 1977
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSEPH HERBERT | DIRECTOR Trustee or director | – | $0 |
| THOMAS HOULIHAN | DIRECTOR Trustee or director | – | $0 |
| LISA KIRKWOOD | VICE CHAIR Trustee or director | – | $0 |
| MATTHEW PARKS | CHAIR Trustee or director | – | $0 |
| TIMOTHY RILEY | DIRECTOR Trustee or director | – | $0 |
| LINDA ROGERS | DIRECTOR Trustee or director | – | $0 |
| TERESSA WALKER | DIRECTOR Trustee or director | – | $0 |
| JENNIFER KINTZ | TREASURER Officer | – | $0 |
| DAVID MOORE | PRESIDENT Officer | – | $0 |
| CHRISTINA STANLEY | VICE PRESIDE Officer | – | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NANCY CHOMA | DIRECTOR Trustee or director | – | $0 |
| MARGARET GALLEGO | DIRECTOR Trustee or director | – | $0 |
| JOSEPH HERBERT | DIRECTOR Trustee or director | – | $0 |
| THOMAS HOULIHAN | VICE CHAIR Trustee or director | – | $0 |
| LISA KIRKWOOD | DIRECTOR Trustee or director | – | $0 |
| MATTHEW PARKS | CHAIR Trustee or director | – | $0 |
| REV THOMAS PASMORE | DIRECTOR Trustee or director | – | $0 |
| TIMOTHY RILEY | DIRECTOR Trustee or director | – | $0 |
| LINDA ROGERS | DIRECTOR Trustee or director | – | $0 |
| RUSSELL HUXTABLE | VICE PRES. Officer | – | $0 |
| JENNIFER KINTZ | TREASURER Officer | – | $0 |
| DAVID MOORE | PRESIDENT Officer | – | $0 |
| CHRISTINA STANLEY | VICE PRESIDE Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 977 E MASTEN CIR, MILFORD, DE 19963-1085
- Principal officer (990 for 2024)
- DAVID MOORE, 8637 S DUPONT HWY, FELTON, DE 19943
- Signed the 990
- DAVID MOORE, PRESIDENT
- Phone
- (302) 422-8255
- Website
- WWW.MILFORDHOUSING.COM
- Return prepared by
- LANK JOHNSON & TULL CPAS
Mission
THE MISSION OF THE MHDC IS TO PROVIDE DECENT, SAFE, AND AFFORDABLE HOUSING SOLUTIONS FOR PEOPLE OF MODEST MEANS.
Program accomplishments
- 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 BENEFITSExpenses $9,926,183 · revenue $7,170,254
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 51-0218904
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1979
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L210)
- Assets (IRS master file)
- $33,961,258
- Income (IRS master file)
- $18,975,124
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $18,975,124 | $12,039,623 | $33,961,258 | IRS |
| 990 | December 2023 | $10,266,400 | $11,627,693 | $33,484,014 | XML |
| 990 | December 2022 | $10,610,866 | $10,971,772 | $32,022,744 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 51-0218904).
Questions about MILFORD HOUSING DEVELOPMENT CORPERATION
- What is the EIN of MILFORD HOUSING DEVELOPMENT CORPERATION?
- The employer identification number (EIN) of MILFORD HOUSING DEVELOPMENT CORPERATION is 51-0218904.
- Is MILFORD HOUSING DEVELOPMENT CORPERATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1979.
- Are donations to MILFORD HOUSING DEVELOPMENT CORPERATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MILFORD HOUSING DEVELOPMENT CORPERATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MILFORD HOUSING DEVELOPMENT CORPERATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MILFORD HOUSING DEVELOPMENT CORPERATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MILFORD HOUSING DEVELOPMENT CORPERATION?
- The 990 for the year ended December 31, 2024 names DAVID MOORE.
- Who are the officers and directors of MILFORD HOUSING DEVELOPMENT CORPERATION?
- The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
- How much revenue does MILFORD HOUSING DEVELOPMENT CORPERATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $18,975,124, expenses of $12,039,623 and total assets of $33,961,258 at year end.
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