Overview
What is Metropolitan Housing Development Corp?
Metropolitan Housing Development Corp is a nonprofit organization that focuses on providing housing facilities for individuals with low and moderate incomes. Their primary mission is to assist in making affordable housing accessible to this demographic. The corporation strives to contribute to this cause by offering housing facilities specifically designed for these income groups. Their commitment extends beyond just offering housing, as they also aim to help provide low-income housing options for those in need.
Is Metropolitan Housing Development Corp legitimate?
Metropolitan Housing Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Metropolitan Housing Development Corp 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: $104,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Metropolitan Housing Development Corp?
Metropolitan Housing Development Corp's mission is centered around providing housing facilities for individuals with low and moderate income levels. The organization actively works towards assisting in the provision of affordable housing for this demographic. Their goal is to make housing accessible and affordable, thereby contributing to the well-being and stability of these individuals. The corporation may also offer support services to aid in securing and maintaining these housing facilities.
Who is the CEO of Metropolitan Housing Development Corp?
Richard Gonzalez is the President of Metropolitan Housing Development Corp.
What is the revenue of Metropolitan Housing Development Corp?
Metropolitan Housing Development Corp's revenue in 2023 was $97,051.
Who are the executives of Metropolitan Housing Development Corp and what are their salaries?
The average compensation at Metropolitan Housing Development Corp during 2023 was $104,500. There is 1 employee at Metropolitan Housing Development Corp.
Here are 10 key members and their salaries:
- Compensation: $104,500
- Related: $186,539
- Other: $0
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- Compensation: $0
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- Other: $0
Where can I find the form 990 for Metropolitan Housing Development Corp?
Metropolitan Housing Development Corp's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Metropolitan Housing Development Corp
Metropolitan Housing Development Corp, as its mission statement suggests, is dedicated to providing housing facilities for individuals with low and moderate income levels. This nonprofit organization takes an active role in ensuring that such individuals have access to suitable housing options. By assisting in the provision of low-income housing, Metropolitan Housing Development Corp seeks to make a significant impact in the lives of those in need. Their mission is to bridge the gap between affordable housing and those who require it, thereby contributing to a more equitable society.
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Impact
October, 2024
Metropolitan Housing Development Corp has a significant impact on the community by providing essential housing facilities for low and moderate-income individuals and families in Chicago, Illinois. Its focus on affordable housing directly addresses the pressing need for accessible living options in urban areas, contributing to the stability and well-being of vulnerable populations.
By assisting in the provision of low-income housing, the organization helps to alleviate housing insecurity and promotes community improvement. This not only enhances the quality of life for residents but also fosters economic stability and integration within neighborhoods. The efforts of Metropolitan Housing Development Corp play a crucial role in creating inclusive communities where everyone has the opportunity to thrive.
This information is meant to be a general summary of Metropolitan Housing Development Corp. 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 2023.
- Investment Income: $51,666
- Program Service Revenue: $5,608
- Gross Receipts: $169,385
Assets and Liabilities:
- Total Assets: $1,477,984
- Total Liabilities: $210,770
- Net Assets: $1,267,214
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ASSET MANAGEMENT FEE
Revenue
$5,608
Organization Details
Founding Year
1968
Phone
(312) 236-9673Principal Officer
Richard Gonzalez
Main Address
8 SOUTH MICHIGAN AVE 3100, CHICAGO, IL, 60603
NTEE Category
Code: S21Z - Community improvement
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