Mht Housing Inc
82% goes to programs $0 to raise $100 Strong reserves Growing revenue
Mht Housing Inc is a 501(c)(3) organization based in Bingham Farms, Michigan, registered in 1991, with $44,928,033 in FY2024 revenue. CharityIndex grades it A, and it directs about 82% of spending to programs.
32500 Telegraph Rd Ste 100, Bingham Farms, MI, 48025 EIN 38-2957148 Since 1991
Revenue (FY2024)
$44.9M
▼ 54.8% vs prior year
Housing median: $408K
Expenses (FY2024)
$12.2M
Net assets
$269.9M
Employees
36
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating82% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Mht Housing Inc: 82% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating264 mo reserves · +73% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Mht Housing Inc: 264 mo reserves · +73% margin earns a B+ on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Mht Housing Inc: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Mht Housing Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Preservation of low-income housing
Contact & location
- Address
- 32500 Telegraph Rd Ste 100, Bingham Farms, MI, 48025
- City
- Bingham Farms
- State
- Michigan
- Category
- Housing & Shelter
- Subcategory
- Housing Development & Management
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $3.3M (FY2013) to $44.9M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $6.5MNet assets $269.9M
Operating margin
72.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$276.5M
Total liabilities
$6.5M
Net assets
$269.9M
Salaries & benefits
$7.7M
63% of expenses
Board members
3
2 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $44,928,033▼54.8% | $12,247,861▲23.8% | $269,946,030▲13.6% | $276,457,512▲13.2% | 990 |
| 2023 | $99,423,284▲62.1% | $9,891,797▼11.4% | $237,591,999▲61.0% | $244,276,493▲59.9% | 990 |
| 2022 | $61,326,212▲217% | $11,159,136▲21.6% | $147,580,461▲52.2% | $152,812,915▲47.3% | 990 |
| 2021 | $19,352,676▼18.7% | $9,177,260▼13.9% | $96,965,580▲11.7% | $103,750,395▲18.2% | 990 |
| 2020 | $23,804,045▲62.2% | $10,652,804▲26.3% | $86,798,994▲18.0% | $87,782,689▲19.0% | 990 |
| 2019 | $14,675,706▼1.2% | $8,432,994▲41.2% | $73,564,557▲8.7% | $73,787,741▲8.0% | 990 |
| 2018 | $14,847,142▲80.5% | $5,973,059▲9.2% | $67,652,742▲15.1% | $68,343,312▲14.0% | 990 |
| 2017 | $8,225,711▲0.9% | $5,471,213▼1.3% | $58,778,659▲4.9% | $59,928,995▲4.8% | 990 |
| 2016 | $8,149,355▲42.9% | $5,542,026▲89.9% | $56,024,160▲4.9% | $57,195,606▲4.5% | 990 |
| 2015 | $5,703,669▲39.4% | $2,918,405▼38.6% | $53,416,831▲5.5% | $54,758,699▲5.0% | 990 |
| 2014 | $4,090,689▲22.1% | $4,750,803▲23.2% | $50,631,567▼1.3% | $52,138,866▼1.7% | 990 |
| 2013 | $3,349,802 | $3,855,109▲1.2% | $51,291,681▼1.0% | $53,061,702▼1.2% | 990 |
| 2012 | — | $3,809,418▼70.4% | $51,796,988▲4.8% | $53,695,968▲5.8% | 990 |
| 2011 | — | $12,870,814▲91.1% | $49,426,139▼16.2% | $50,737,002▼16.0% | 990 |
| 2010 | — | $6,736,013 | $58,979,813 | $60,388,765 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Timothy V Fox — $656,329 (5.36% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Timothy V Fox | President | 40 | $656,329 |
| Brian A Gallaher | Chief Financial Officer | 40 | $484,497 |
| Timothy A Fox | Chief Operating Officer | 35 | $310,463 |
| Andrew Martin | Vice President of Development | 25 | $268,421 |
| Rollin Stoddard | Chief Architect | 25 | $223,625 |
| Donna Mcmillan | Multifamily Preservation Director | 45 | $218,806 |
| William Zarotny | Senior Vice President | 45 | $194,012 |
| Chad Joseph | Vp of Construction | 25 | $175,048 |
| Martha Richardson | Chairman (ended 10/24) | 5 | — |
| Steven Champa | Secretary | 5 | — |
| Thomas Edmiston | Treasurer | 5 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| M&n General Contracting LLC | Contract Services | $3,670,742 |
| Concept Design Studio Inc | Architect Services | $1,949,440 |
| Hamp Mathews & Associates Inc | Environmental Services | $1,212,677 |
| Great Lakes Roofing Inc | Contract Services | $783,329 |
| Kem-tec | Engineering, Survey Services | $646,380 |
Grants received · $8,500 total
1 grant to Mht Housing Inc totaling $8,500, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| National Equity Fund Inc | Support low income housing development | 2020 | $8,500 |
Grants made · $369K in FY2024
16 grants totaling $369K in FY2024 — showing the 15 largest. All grants made by Mht Housing Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Corewell Health | General program support | $65,000 |
| Detroit Cristo Rey High School Inc | Tuition and other assistance | $51,884 |
| Detroit Institute of Arts | General program support | $42,065 |
| Detroit Catholic Pastoral Alliance | General program support | $32,500 |
| Cass Community Social Services Inc | General program support | $27,695 |
| Art For God S Sake | General program support | $25,000 |
| National Womens Affordable Housing Network | General program support | $20,000 |
| Regina High School For Girls | Annual scholarship fund | $16,500 |
| Church of the Messiah Housing Corp | General program support | $15,000 |
| Emergency Response Services Inc | Neighborhood cleanup benefiting the city of detroit. | $14,445 |
| Neighborhood Service Organization | General program support | $14,000 |
| Crea Foundation Inc | General program support | $10,000 |
| Liberty Temple Baptist Church | General program support | $10,000 |
| Center For Independence Through Conductive Education Inc | General program support | $10,000 |
| Haven House | General program support | $7,500 |
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Frequently asked questions
- Is Mht Housing Inc a legitimate nonprofit?
- Yes. Mht Housing Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 38-2957148, based in Bingham Farms, Michigan. Donations are tax-deductible.
- What is Mht Housing Inc's EIN?
- Mht Housing Inc's Employer Identification Number (EIN) is 38-2957148.
- How much revenue does Mht Housing Inc report?
- Mht Housing Inc reported $44,928,033 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Mht Housing Inc's spending goes to programs?
- Mht Housing Inc spends about 82% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Mht Housing Inc have?
- CharityIndex grades Mht Housing Inc A, based on program efficiency and fundraising cost.
- How much does Mht Housing Inc's highest-paid employee make?
- The highest reported compensation on Mht Housing Inc's latest Form 990 is $656,329, paid to Timothy V Fox (President).
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Data for Mht Housing Inc (EIN 38-2957148) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.