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Mrc Housing Development Fund Company Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Housing, Shelter / Senior Citizens' Housing/Retirement Communities (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$906k (2022)

Expenses
$1.08M (2022)

Total Assets
$1.98M (2022)

Total Liabilities
$5.15M (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$906,125
Expenses
$1,081,665
Net Income
-$175,540
Net Assets
-$3,167,137
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $905,748
100.0%
Investment Income $377
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $103,824
9.6%
Assets/Debt
Total Assets $1,979,165
Total Liabilities $5,146,302
Net Assets -$3,167,137
Compensation
Key Employees and Officers Compensation Related Other
Anthony Mammina (Chairman) $0 $0 $0
Ivan B Heyward (Treasurer) $0 $0 $0
Diantha M Wilson (Secretary) $0 $0 $0
Caroline Faulkner (Director) $0 $0 $0
Lyschel Wilkerson (Director) $0 $0 $0
Gregory Colimon (Executive Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$898,002
Expenses
$888,083
Net Income
$9,919
Net Assets
-$2,991,597
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $897,480
99.9%
Investment Income $522
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $97,516
11.0%
Assets/Debt
Total Assets $2,403,903
Total Liabilities $5,395,500
Net Assets -$2,991,597
Compensation
Key Employees and Officers Compensation Related Other
Gregory Colimon (Executive Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$901,318
Expenses
$862,550
Net Income
$38,768
Net Assets
-$3,001,516
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $835,225
92.7%
Investment Income $720
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $65,373
7.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $91,421
10.6%
Assets/Debt
Total Assets $2,414,254
Total Liabilities $5,415,770
Net Assets -$3,001,516
Compensation
Key Employees and Officers Compensation Related Other
Gregory Colimon (Executive Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$820,763
Expenses
$785,556
Net Income
$35,207
Net Assets
-$3,040,284
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $820,136
99.9%
Investment Income $627
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $86,612
11.0%
Assets/Debt
Total Assets $2,269,776
Total Liabilities $5,310,060
Net Assets -$3,040,284
Compensation
Key Employees and Officers Compensation Related Other
Winchester Key (President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$794,471
Expenses
$796,675
Net Income
-$2,204
Net Assets
-$3,075,491
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $794,114
100.0%
Investment Income $357
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $89,427
11.2%
Assets/Debt
Total Assets $2,171,012
Total Liabilities $5,246,503
Net Assets -$3,075,491
Compensation
Key Employees and Officers Compensation Related Other
Winchester Key (President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$624,154
Expenses
$774,510
Net Income
-$150,356
Net Assets
-$3,073,287
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $623,913
100.0%
Investment Income $241
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $77,580
10.0%
Assets/Debt
Total Assets $2,154,990
Total Liabilities $5,228,277
Net Assets -$3,073,287
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Winchester Key (President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$510,878
Expenses
$713,930
Net Income
-$203,052
Net Assets
-$2,922,931
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $510,611
99.9%
Investment Income $267
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $70,121
9.8%
Assets/Debt
Total Assets $2,259,074
Total Liabilities $5,182,005
Net Assets -$2,922,931
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Winchester Key (President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$524,562
Expenses
$710,489
Net Income
-$185,927
Net Assets
-$2,719,879
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $524,239
99.9%
Investment Income $323
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $60,624
8.5%
Assets/Debt
Total Assets $2,458,872
Total Liabilities $5,178,751
Net Assets -$2,719,879
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Winchester Key (President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$529,595
Expenses
$697,588
Net Income
-$167,993
Net Assets
-$2,533,952
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $528,757
99.8%
Investment Income $838
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $61,795
8.9%
Assets/Debt
Total Assets $2,721,265
Total Liabilities $5,255,217
Net Assets -$2,533,952
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Winchester Key (President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$512,983
Expenses
$591,573
Net Income
-$78,590
Net Assets
-$2,365,959
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $512,326
99.9%
Investment Income $657
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $60,231
10.2%
Assets/Debt
Total Assets $2,876,286
Total Liabilities $5,242,245
Net Assets -$2,365,959
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Winchester Key (President) $0 $142,669 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$526,241
Expenses
$621,666
Net Income
-$95,425
Net Assets
-$2,287,369
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $525,540
99.9%
Investment Income $701
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $56,025
9.0%
Assets/Debt
Total Assets $2,969,468
Total Liabilities $5,256,837
Net Assets -$2,287,369

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$507,548
Expenses
$641,303
Net Income
-$133,755
Net Assets
-$2,191,944
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $506,917
99.9%
Investment Income $525
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $106
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $54,011
8.4%
Assets/Debt
Total Assets $3,131,106
Total Liabilities $5,323,050
Net Assets -$2,191,944

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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