Overview
What is Metropolis - Avc Inc?
Metropolis - Avc Inc, a nonprofit corporation based in Fairfax, Virginia, is committed to providing affordable housing options for individuals with low and very low incomes. As a 501(c)(3) organization, they own and manage a 308-unit apartment complex, ensuring that this essential housing need is met within their community. Their mission aligns with the betterment of low-income individuals, offering them a place to call home.
Is Metropolis - Avc Inc legitimate?
Metropolis - Avc Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Metropolis - Avc 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: $532,994
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What is the mission statement of Metropolis - Avc Inc?
Metropolis - Avc Inc, as a Texas-based non-profit organization, is established under Section 501(C)(3) of the Internal Revenue Code. Its primary mission is to provide affordable housing for individuals who fall under the categories of low-income and very low-income persons. To achieve this, the corporation owns and operates a 308-unit apartment complex, serving as a residence for those in need. By offering affordable housing, Metropolis - Avc Inc aims to contribute positively to the lives of these individuals, providing them with a stable living environment.
What is the revenue of Metropolis - Avc Inc?
Metropolis - Avc Inc's revenue in 2023 was $4,526,469.
Who are the executives of Metropolis - Avc Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $316,250
- Other: $4,146
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $212,750
- Other: $3,850
Where can I find the form 990 for Metropolis - Avc Inc?
Metropolis - Avc Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Metropolis - Avc Inc
Metropolis-Avc Inc, a Texas-based non-profit organization, was established in accordance with section 501(C)(3) of the Internal Revenue Code, with a mission to provide affordable housing for low-income individuals and those classified as very low-income persons. To fulfill this objective, the corporation owns and operates a 308-unit apartment complex specifically designed for this demographic. Metropolis-Avc Inc's commitment to affordable housing aims to contribute positively to the community by offering a safe and affordable living environment for individuals who may otherwise struggle to find suitable housing options.
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Impact
October, 2024
Metropolis - Avc Inc plays a significant role in addressing the affordable housing crisis by providing essential housing options for low-income and very low-income individuals and families in Fairfax, VA. By operating a 308-unit apartment complex, it creates a stable living environment that promotes community well-being and economic stability. This initiative not only helps to alleviate the housing burden for those in need but also contributes to the overall health of the local community by fostering diversity and inclusion. Access to affordable housing can improve residents' quality of life, enhance educational and employment opportunities, and ensure better health outcomes. Through its mission, Metropolis - Avc Inc directly impacts the lives of vulnerable populations, helping them achieve security and dignity in their living situations.
This information is meant to be a general summary of Metropolis - Avc 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 2023.
- Investment Income: $147,595
- Program Service Revenue: $4,265,352
- Gross Receipts: $4,526,469
Assets and Liabilities:
- Total Assets: $15,479,990
- Total Liabilities: $13,905,958
- Net Assets: $1,574,032
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REAL ESTATE
Revenue
$4,629,716
VACANCIES AND ALLOWANC
Revenue
-$364,364
Organization Details
Founding Year
2001
Principal Officer
Brant Baber
NTEE Category
Code: L210 - Housing
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