Mht Housing
Mht Housing reported $44.9 million in revenue and $12.2 million in expenses for calendar year 2024. Of every $100 it spent, $82.16 went to program services, $17.84 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 60.9% of the total. The highest compensation it reported for one person was $690,829 (PRESIDENT). 19 people received more than $100,000 in reportable compensation. Revenue rose 206% between FY2020 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $12MFor context, the median across 933 covered housing & shelter charities: $89.27 programs, $10.73 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $45MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 82.2% | 87.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 17.8% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 27.9% | 17.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 1.0% | 1.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 60.9% | 66.2% |
| Highest reported compensation Part VII-A, columns D–F | $690,829 | $300,863 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 5.64% | 1.57% |
| People paid over $100,000 Part VII, line 2 | 19 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 264.5 | 10.0 |
| Independent voting board members Part VI 1a–1b | 2 of 3 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseFor the year ended december 31, 2024 Mht Housing, inc. (mht) received three low-income housing tax credit awards totaling 311 units. These projects will provide for 262 renovated units for preservation in the low-income housing system and 49 new construction units. These projects will house approximately 595 low-income individuals. Mht also applied for low-income housing tax credits for three additional projects. In addition, over the last year mht has completed the renovation of 642 low-income units and new construction of 53 low-income housing units which will house approximately 1,942…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT Director/trustee, officer, 40.00 hrs/week | $656,329 | $0 | $34,500 | $690,829 |
| CHIEF FINANCIAL OFFICER Officer, 40.00 hrs/week | $484,497 | $0 | $60,819 | $545,316 |
| CHIEF OPERATING OFFICER Officer, 35.00 hrs/week | $310,463 | $0 | $22,057 | $332,520 |
| VICE PRESIDENT OF DEVELOPMENT Highest compensated employee, 25.00 hrs/week | $268,421 | $0 | $47,364 | $315,785 |
| CHIEF ARCHITECT Highest compensated employee, 25.00 hrs/week | $223,625 | $0 | $57,034 | $280,659 |
| SENIOR VICE PRESIDENT Highest compensated employee, 45.00 hrs/week | $194,012 | $0 | $54,383 | $248,395 |
| MULTIFAMILY PRESERVATION DIRECTOR Highest compensated employee, 45.00 hrs/week | $218,806 | $0 | $21,881 | $240,687 |
| VP OF CONSTRUCTION Highest compensated employee, 25.00 hrs/week | $175,048 | $0 | $49,760 | $224,808 |
19 people received more than $100,000 in reportable compensation from Mht Housing (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.6M (Part IX, line 5).
6 filings since FY2020
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b3 · 2 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 536
- Volunteers Part I, line 63
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| 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 |
Individuals listed as contractors are left out. 13 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Mht Housing's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Mht Housing, you can publish a response that is linked from this page.
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Of every $100 Mht Housing spent in 2024, $82.16 went to programs. The full breakdown, from its IRS Form 990:
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All housing & shelter charities · Largest charities in Michigan
Questions people ask
How much of Mht Housing's spending goes to programs?
In calendar year 2024, Mht Housing reported that 82.2% of its $12.2 million in expenses went to program services, 17.8% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Mht Housing pay its top executive?
The largest total compensation Mht Housing reported for one person in calendar year 2024 was $690,829, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Mht Housing get its money?
Of $44.9 million in revenue in calendar year 2024, 27.9% came from contributions and grants (including 1.0% from government grants) and 60.9% from program service revenue (Form 990, Part VIII).
Is Mht Housing a registered charity?
The IRS lists EIN 38-2957148 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202543169349306174 · read the filing · XML
- FY2023 (9 mo.): Form 990 for the 9-month short period ending December 31, 2023, object 202413199349301871 · read the filing
- FY2023: Form 990 for the fiscal year ending March 31, 2023, object 202430319349300043 · read the filing
- FY2022: Form 990 for the fiscal year ending March 31, 2022, object 202300449349302060 · read the filing
- FY2021: Form 990 for the fiscal year ending March 31, 2021 (amended), object 202241749349300204 · read the filing
- FY2020: Form 990 for the fiscal year ending March 31, 2020, object 202110479349301141 · read the filing
All filings for EIN 38-2957148: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.