Overview
What is Metropolitan Housing Partners Inc?
Metropolitan Housing Partners Inc, based in Columbus, Ohio, is a nonprofit organization with a mission to alleviate the scarcity of decent, safe, and hygienic housing for individuals of low income. They engage in, or assist in, the development, financing, operation, and execution of low-income housing projects. This involves providing assistance through borrowing and lending funds, functioning within the meaning of the United States Housing Act of 1937, as amended, and serving as an instrumentality of Columbus Metropolitan Housing Authority. Metropolitan Housing Partners Inc invests in housing projects that are financed by Internal Revenue Code Section 42 Low-Income Housing Tax Credits, contributing to the provision of affordable housing options in central Ohio.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72%
Metropolitan Housing Partners Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating a moderate level of performance in accountability and finance. The organization excels in several areas, including a fully independent board, with perfect scores for board member independence and size. Additionally, they have robust policies for whistleblowing and document retention, contributing positively to their transparency and governance.
However, there are notable concerns regarding their financial health, particularly reflected in a liabilities to assets ratio of 72.20%, which did not receive any points. Despite a program expense ratio of 100%, indicating all expenses are directed towards programs, the high liabilities may raise questions about the organization's long-term financial stability.
Overall, while Metropolitan Housing Partners Inc shows strengths in governance and program funding, the financial liabilities suggest a need for improved financial management strategies to enhance their sustainability and overall rating.
This AI summary has been generated from information found on Charity Navigator.
Is Metropolitan Housing Partners Inc legitimate?
Metropolitan Housing Partners Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Metropolitan Housing Partners Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Metropolitan Housing Partners Inc?
Metropolitan Housing Partners Inc's mission is centered around addressing the shortage of decent, safe, and sanitary housing for individuals of low income. They engage in or assist in the development, financing, and operation of low-income housing projects. This includes providing assistance through borrowing and lending funds. The organization functions as an instrumentality of the Columbus Metropolitan Housing Authority, operating within the scope of the United States Housing Act of 1937. Metropolitan Housing Partners Inc serves as an investor in housing projects that are financed by IRC Section 42 Low-Income Housing Tax Credits.
Who is the CEO of Metropolitan Housing Partners Inc?
Thomas Williamson is the Chair - Board Of Directors of Metropolitan Housing Partners Inc. The CEO's salary of Metropolitan Housing Partners Inc is $0 and their total compensation is $0.
What is the revenue of Metropolitan Housing Partners Inc?
Metropolitan Housing Partners Inc's revenue in 2022 was $11,059.
Who are the executives of Metropolitan Housing Partners Inc and what are their salaries?
Here are 6 key members and their salaries (Metropolitan Housing Partners Inc's CEO's salary is $0 and their total compensation is $0):
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- Other: $0
Where can I find the form 990 for Metropolitan Housing Partners Inc?
Metropolitan Housing Partners Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Metropolitan Housing Partners Inc
Metropolitan Housing Partners Inc, as an instrumental entity of the Columbus Metropolitan Housing Authority, is committed to alleviating the scarcity of decent, safe, and sanitary housing for individuals with low income. The organization fulfills this mission by engaging in various activities, such as developing, financing, or operating low-income housing projects. This encompasses providing assistance through borrowing and lending funds, operating within the framework of the United States Housing Act of 1937, as amended. Metropolitan Housing Partners Inc functions as an investor in projects that are financially backed by Internal Revenue Code Section 42 Low-Income Housing Tax Credits. By participating in such initiatives, the organization strives to contribute to the provision of affordable housing for those in need.
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Impact
August, 2024
Metropolitan Housing Partners Inc's impact is focused on addressing the shortage of decent, safe, and sanitary housing for persons of low income in Central Ohio, particularly in Columbus. By investing in various housing companies and projects, the organization plays a crucial role in the development, financing, and operation of low-income housing projects. In doing so, Metropolitan Housing Partners Inc helps provide much-needed housing options for individuals and families who may otherwise struggle to find affordable and suitable accommodations.
This information is meant to be a general summary of Metropolitan Housing Partners Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $11,059
- Gross Receipts: $11,059
Assets and Liabilities:
- Total Assets: $8,793,188
- Total Liabilities: $6,348,887
- Net Assets: $2,444,301
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Organization Details
Founding Year
1996
Phone
(614) 421-6401Principal Officer
Thomas Williamson
Main Address
880 EAST 11TH AVENUE, COLUMBUS, OH, 43211
NTEE Category
Code: L25 - Housing
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