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Home > Analysis, Announcements, Association, Manufactured Housing Industry, News Item, People > Richard Jennison, Manufactured Housing Institute, Worth Millions to MH Industry? Facts from MHI Report

Richard Jennison, Manufactured Housing Institute, Worth Millions to MH Industry? Facts from MHI Report

March 5th, 2017

ManufacturedHousingInstituteMHILogoRichardJennisonPresidentCEOPhotoCreditsMHI-collageManufacturedHousingIndustryDailyBusinessNewsMHProNewsThe Manufactured Housing Institute, and its president and CEO, Richard A. Jennison, are required as a tax-exempt organization to keep and file certain records.  One of those reports was obtained by MHProNews, and is attached herein.

MHI’s organizational mission statement as obtained from GuideStar, reads as follows.

MISSION STATEMENT

Improve the overall operating environment for the Manufactured Housing industry and expand the demand for manufactured homes by seeking fair and equitable treatment in the marketplace and the regulatory and legislative arenas.”

Top Lines from Attached MHI 990

MHI reported a $3.25 million dollar budget in 2014, the most recent year available.

 

RichardAJennisonPresidentCEOManufacturedHousingInstituteBudgetForm990-2014

MHI had a $3.25 Million budget in 2014, per their federal 990 filings.  Obtained from GuideStar. The entire document is available as a download, near the end of this post.

 

Top Line Revenue and Expenses Highlights

ExpensesManufacturedHousingInstituteMHIForm9902014RichardJennisonCompensation-ManufacturedHousingIndustryProfessionalNewsMHProNews

Approaching $500,000 in a single year’s compensation for president Richard A. Jennison and the now former SVP for government relations, Jason Boehlert.  Good investments?

 

RevenueExpensesManufacturedHousingInstituteMHIForm9902014RichardJennison-ManufacturedHousingIndustryProfessionalNewsMHProNews

$3.25 million dollar budget, and expenses of $2.89 million for 2014. Obtained from GuideStar, MHI form 990. The entire document is available as a download, near the end of this post.

 

KeyExpensesManufacturedHousingInstituteMHIForm9902014RichardJennison-ManufacturedHousingIndustryProfessionalNewsMHProNews

Note: these figures do not include MHI PAC.

KeyExpenses2ManufacturedHousingInstituteMHIForm9902014RichardJennison-ManufacturedHousingIndustryProfessionalNewsMHProNews

Note that MHI didn’t report spending anything on promotion, see #12 above.

 

ProgramsServiceAccomplishmentsManufacturedHousingInstituteMHIForm9902014RichardJennison-ManufacturedHousingIndustryProfessionalNewsMHProNews

Note: that providing information to members and non-members is part of the MHI’s own 990 report filings. Then on what basis is MHI allegedly threatening MHProNews for revealing information about financing and other issues important to industry members? Is there an apparent contradiction between MHI’s words and actions? Regarding the highlighted portion, are MHI business meetings listening sessions, or are they more ‘tell the members the direction we are going’ sessions?

There are several questions and requests for documents and records that have been requested from MHI by MHProNews that have gone unanswered.  Some are as basic as providing the organization’s bylaws, which they are required and obliged to do with any member company.

MHProNews will feature a series of reports in the March 2017 Featured Articles, several of which will focus on MHI and other Industry members, and their pointed questions about MHI’s effectiveness.

The full download of MHI’s 2014 Form 990 is at this link here.  Consider their mission, budgets and effectiveness. Are they meeting their own targets?

We Provide, You Decide.” © ##

Publication Notice: New March 2017 featured articles will begin going live later today, and will continue to be posted on the MHProNews home page over the next 48 hours.

(Image credits are as shown above.)

LATonyKovachMHProNews-com-

L. A. ‘Tony’ Kovach addressing industry professionals in an educational session. For Tunica Show updates, featuring business building sessions moderated by Kovach, click here.

By L. A. “Tony” Kovach.


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