Millennium Housing Foundation Inc
- Assets
- $0.0
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Rockford, IL
- Founding
- Data as of
- 12/2018
- EIN
- 39-1904367
Organization Overview
Millennium Housing Foundation Inc is located in Rockford, IL. Millennium Housing Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2018, Millennium Housing Foundation Inc generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (31.9%) each year. All expenses for the organization totaled $6.4m during the year ending 12/2018. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2018
Describe the Organization's Mission:
Part 3 - Line 1
MILLENNIUM HOUSING FOUNDATION, INC. IS ORGANIZED UNDER CHAPTER 181 FOR THE PURPOSE OF DEVELOPING, PRESERVING AND PROVIDING AFFORDABLE HOUSING FOR DISABLED AND LOW-INCOME PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONROE PLAZA PROVIDES 197 LOW-INCOME APARTMENTS TO ELDERLY AND DISABLED TENANTS IN GREEN BAY, WISCONSIN AND IS SUBSIDIZED BY PROJECT FUNDS SERVED APPROXIMATELY 4,250 MEALS IN 2018. THE NURSING PROGRAM WHICH IS ALSO SUBSIDIZED BY PROJECT FUNDS COVERED APPROXIMATELY 175 HOURS OF NURSING CARE FOR TENANTS IN 2018.FERNWOOD COURT PROVIDES 121 LOW-INCOME APARTMENTS TO ELDERLY AND DISABLED TENANTS IN MILWAUKEE, WISCONSIN AND IS SUBSIDIZED BY PROJECT FUNDS SERVED APPROXIMATELY 11,741 MEALS IN 2018.ROCKLAND COURT PROVIDES 83 LOW-INCOME APARTMENTS TO FAMILIES IN FORT ATKINSON, WISCONSIN AND IS SUBSIDIZED BY GOVERNMENTAL PAYMENTS.SPRING GLEN PROVIDES 40 LOW-INCOME APARTMENTS TO ELDERLY AND DISABLED TENANTS IN MAYVILLE, WISCONSIN AND IS SUBSIDIZED BY GOVERNMENTAL PAYMENTS.OAKWOOD PROVIDES 41 LOW-INCOME APARTMENTS TO ELDERLY TENANTS IN MEQUON, WISCONSIN AND IS SUBSIDIZED BY GOVERNMENTAL PAYMENTS.CUDAHY PROVIDES 12 LOW-INCOME APARTMENTS TO ELDERLY TENANTS IN CUDAHY, WISCONSIN AND IS SUBSIDIZED BY GOVERNMENTAL PAYMENTS.JANESVILLE I PROVIDES 19 LOW-INCOME APARTMENTS TO ELDERLY TENANTS IN JANESVILLE, WISCONSIN AND IS SUBSIDIZED BY GOVERNMENTAL PAYMENTS.JANESVILLE II PROVIDES 20 LOW-INCOME APARTMENTS TO ELDERLY TENANTS IN JANESVILLE, WISCONSIN AND IS SUBSIDIZED BY GOVERNMENTAL PAYMENTS.VILLA ST. TERESA PROVIDES 66 LOW-INCOME APARTMENTS TO ELDERLY TENANTS IN OSHKOSH, WISCONSIN AND IS SUBSIDIZED BY GOVERNMENTAL PAYMENTS.TEAMSTER RETIREE HOUSING OF JANESVILLE PROVIDES 50 LOW-INCOME APARTMENTS TO ELDERLY TENANTS IN JANESVILLE, WISCONSIN AND IS SUBSIDIZED BY GOVERNMENTAL PAYMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Ahrens Director/vp/treasurer | OfficerTrustee | 1 | $0 |
Thomas Van Vleet Director/president | OfficerTrustee | 2 | $0 |
John Constantine Director/secretary | OfficerTrustee | 1 | $0 |
Ken Smith Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,065,838 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,065,838 |
| Total Program Service Revenue | $856,996 |
| Investment income | $3,138 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,931,325 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,552,840 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $112,128 |
| Fees for services: Legal | $32,868 |
| Fees for services: Accounting | $59,120 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $55,447 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $910,259 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $642 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $402,276 |
| Insurance | $0 |
| All other expenses | $4,375 |
| Total functional expenses | $6,375,119 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |