Overview
What is Metropolitan Community And Economic Development Corp?
Metropolitan Community and Economic Development Corp is a nonprofit organization situated in Kansas City, Missouri, specifically at 2310 Linwood Blvd. Their primary mission is to offer low to moderate housing opportunities within the urban community. They have renovated and rented out several units, some of which required multiple renovations due to vandalism. Currently, three homes are being rented, while others are still undergoing completion. The organization's goal is to contribute to the housing needs of the community by providing affordable housing options.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (58%)
The Metropolitan Community and Economic Development Corp has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. While the organization boasts a high program expense ratio of 97.83%, signifying that a substantial portion of its funds directly supports its programs, it struggles with its overall financial health, as evidenced by a liabilities-to-assets ratio of 130.04%.
Strengths of the organization include its fully independent board and transparency in documenting board meeting minutes. However, the nonprofit faces notable limitations, such as the absence of essential governance policies like conflict of interest, whistleblower, and document retention policies. Furthermore, the organization has not made its tax form easily accessible on its website, which detracts from its transparency and accountability efforts.
Overall, while the Metropolitan Community and Economic Development Corp demonstrates commitment to its mission through high program expenditures, its governance and financial management practices raise serious concerns that potential donors should consider.
This AI summary has been generated from information found on Charity Navigator.
Is Metropolitan Community And Economic Development Corp legitimate?
Metropolitan Community And Economic Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Metropolitan Community And Economic 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Metropolitan Community And Economic Development Corp?
The Metropolitan Community and Economic Development Corp's mission is centered around providing affordable housing within urban communities. In essence, their primary objective is to renovate and rent out low to moderate-income housing units. Due to vandalism, several units have required multiple renovations before they could be inhabited. Currently, three homes are occupied, with more in the process of completion.
What is the revenue of Metropolitan Community And Economic Development Corp?
Metropolitan Community And Economic Development Corp's revenue in 2023 was $36,958.
Who are the executives of Metropolitan Community And Economic Development Corp and what are their salaries?
There 5 volunteers at Metropolitan Community And Economic Development Corp.
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Metropolitan Community And Economic Development Corp?
Metropolitan Community And Economic Development Corp's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Metropolitan Community And Economic Development Corp
Metropolitan Community And Economic Development Corp, in its mission, is dedicated to providing low to moderate housing within urban communities. This nonprofit organization takes a proactive approach to address the housing needs of individuals and families who fall within these income brackets. They rehabilitate existing homes and make them available for rent, ensuring that affordable housing options are readily accessible within urban environments.
Their efforts extend beyond just providing housing as many of the units have undergone multiple renovations due to vandalism. Currently, three homes are rented out, and additional properties are still undergoing completion. This ongoing process demonstrates the commitment of Metropolitan Community And Economic Development Corp to continually meet the housing needs of its residents. By rehabilitating and renting out homes, this nonprofit is making a significant contribution to the urban community, offering a stable living environment for those who may not have had such an option otherwise.
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Impact
August, 2024
Metropolitan Community And Economic Development Corp's impact includes providing low to moderate housing within the urban community in Kansas City, MO. They have rehabbed and rented out low-income housing units to residents, with some units undergoing multiple rounds of rehabilitation due to vandalism. Currently, three homes are rented out, and additional units are in the process of being completed. By offering affordable housing options and contributing to community improvement, this organization is making a tangible difference in the lives of residents in need.
This information is meant to be a general summary of Metropolitan Community And Economic 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.
- Program Service Revenue: $36,958
- Gross Receipts: $36,958
Assets and Liabilities:
- Total Assets: $96,728
- Total Liabilities: $91,145
- Net Assets: $5,583
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL HOMES
Revenue
$36,958
Organization Details
Founding Year
2001
Principal Officer
Dewayne Bright
NTEE Category
Code: S21 - Community improvement
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