Overview
What is The Met Development Inc?
The Met Development Inc, located in Lexington, Kentucky, is a nonprofit organization dedicated to economic revitalization and community development. Their primary mission is to improve the living conditions of a severely economically distressed community by providing affordable housing, healthy food, and affordable healthcare. Through their development and leasing activities, they aim to revitalize the area, contributing to the overall economic growth and well-being of its residents.
Is The Met Development Inc legitimate?
The Met Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Met Development 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
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What is the mission statement of The Met Development Inc?
The Met Development Inc is committed to promoting economic development by revitalizing a severely economically distressed community. Their mission involves engaging in activities that aim to uplift this community. Specifically, they focus on developing and leasing infrastructure to provide affordable housing, healthy food, and affordable healthcare within this distressed community. This initiative is designed to improve the living conditions and overall well-being of the residents in the community.
Who is the CEO of The Met Development Inc?
Kevin Smith is the President of The Met Development Inc.
What is the revenue of The Met Development Inc?
The Met Development Inc's revenue in 2022 was $1,394,642.
Who are the executives of The Met Development Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $239,533
- Other: $68,189
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Met Development Inc?
The Met Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Met Development Inc
The Met Development Inc, as a nonprofit organization, is dedicated to promoting economic development by revitalizing a severely economically distressed community. In pursuit of this mission, the organization engages in the development and leasing of infrastructure to provide essential services such as affordable housing, nutritious food, and affordable healthcare to the community in question. By offering these necessities, The Met Development Inc aims to contribute to the overall well-being and improvement of the economically challenged area, ultimately fostering a more sustainable and prosperous community.
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Impact
October, 2024
The Met Development Inc plays a significant role in revitalizing a severely economically distressed community in Lexington, KY. By focusing on economic development, the organization aims to transform the area through the development and leasing of vital infrastructure. This includes providing affordable housing, ensuring access to healthy food, and facilitating affordable healthcare services.
The impact extends beyond mere infrastructure; it fosters a sense of community improvement and resilience among residents. By addressing the essential needs of the community, The Met Development Inc helps to create a healthier, more stable environment, ultimately enhancing the quality of life for individuals and families in the region. Through these efforts, it contributes to long-term economic sustainability and empowers community members to thrive.
This information is meant to be a general summary of The Met Development 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.
- Program Service Revenue: $1,394,642
- Gross Receipts: $1,394,642
Assets and Liabilities:
- Total Assets: $26,000,068
- Total Liabilities: $20,083,007
- Net Assets: $5,917,061
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT
Revenue
$1,394,642
Organization Details
Founding Year
2018
Phone
(859) 231-0054Principal Officer
Kevin Smith
Main Address
1450 NORTH BROADWAY, LEXINGTON, KY, 405053162
NTEE Category
Code: S30 - Community improvement
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