Overview
What is Metropolitan Housing Corporation?
Metropolitan Housing Corporation, situated in Tucson, Arizona, is a dedicated nonprofit organization with a mission to identify and assist in acquiring low-income housing properties. With a workforce of six individuals, they focus on managing these properties, ensuring affordable housing solutions for those in need. Their core operations aim to enhance the living conditions of the community by providing suitable housing units, contributing positively to the local landscape.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 39%, Zero-Star out of Four Star rating.
Metropolitan Housing Corporation has received a poor rating of 39%, primarily due to significant deficiencies in its accountability and finance practices. With a Zero-Star rating, it indicates that the organization lacks transparency and proper governance, as reflected by its scores in various areas, including board independence and financial statements. The organization scored particularly low in most categories, which raises concerns about its overall management and operational integrity.
Despite the overall low score, the organization does show a positive aspect with a perfect score in program expense ratio, suggesting that the majority of its funds are allocated to its programs. However, this strength is overshadowed by its failure to maintain adequate financial transparency and governance measures. For instance, the organization has no independent board members and has not provided accessible financial documents on its website, which are critical for public trust and accountability.
Furthermore, while the organization has a conflict of interest policy in place, it lacks other essential policies such as a whistleblower policy and has not properly documented board meeting minutes. These shortcomings highlight a need for improved governance practices to ensure accountability and build confidence in its operations. Overall, potential donors and stakeholders may wish to approach this organization with caution until significant improvements are made.
This AI summary has been generated from information found on Charity Navigator.
Is Metropolitan Housing Corporation legitimate?
Metropolitan Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Metropolitan Housing Corporation 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: $205,674
For more financial information, click here
What is the mission statement of Metropolitan Housing Corporation?
Metropolitan Housing Corporation's mission involves identifying and facilitating the acquisition of affordable housing properties for individuals with low income. Furthermore, the corporation is committed to managing these housing units effectively, ensuring they provide suitable living conditions for their residents. This organization's purpose is to contribute to the community by making affordable housing more accessible, thereby improving the living conditions of those in need. The corporation's efforts focus on acquiring and managing low-income housing properties, ultimately providing a vital service to its intended demographic.
Who is the CEO of Metropolitan Housing Corporation?
Ginger Gharbiah is the Executive Director of Metropolitan Housing Corporation.
What is the revenue of Metropolitan Housing Corporation?
Metropolitan Housing Corporation's revenue in 2022 was $1,132,959.
Who are the executives of Metropolitan Housing Corporation and what are their salaries?
The average compensation at Metropolitan Housing Corporation during 2022 was $34,279. There are 6 employees and 1 volunteer at Metropolitan Housing Corporation.
Here are 2 key members and their salaries:
- Compensation: $70,719
- Related: $0
- Other: $2,400
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Metropolitan Housing Corporation?
Metropolitan Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Metropolitan Housing Corporation
Metropolitan Housing Corporation, as a nonprofit organization, is dedicated to identifying and aiding in the acquisition of low-income housing properties. Beyond this, the corporation also takes on the responsibility of managing these properties. By doing so, Metropolitan Housing Corporation aims to contribute to the housing needs of individuals with limited financial resources. The organization's mission is to provide a stable living environment for these individuals, ensuring that they have access to decent and affordable housing units. By assuming management roles for these properties, Metropolitan Housing Corporation ensures that the living conditions are maintained, and tenants are well-cared for, thereby enhancing their quality of life.
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Impact
July, 2024
Metropolitan Housing Corporation's impact lies in its crucial role in identifying and providing assistance in acquiring low-income housing properties and managing low-income housing units. By focusing on this mission, the organization directly contributes to addressing the pressing need for affordable housing in Tucson, Arizona. Their efforts help ensure that individuals and families with limited financial resources have access to safe and stable housing options, ultimately improving the overall quality of life for the community members they serve. Through their dedicated work in the housing sector, Metropolitan Housing Corporation plays a vital role in promoting economic stability and social well-being within the community.
This information is meant to be a general summary of Metropolitan Housing Corporation. 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: $1,915
- Program Service Revenue: $357,669
- Gross Receipts: $1,133,023
Assets and Liabilities:
- Total Assets: $14,907,709
- Total Liabilities: $14,693,509
- Net Assets: $214,200
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT REVENUE
Revenue
$324,077
MANAGEMENT FEES
Revenue
$33,592
Organization Details
Founding Year
1995
Phone
(520) 792-1415Principal Officer
Ginger Gharbiah
Main Address
2575 N COUNTRY CLUB RD, TUCSON, AZ, 85716
NTEE Category
Code: L20 - Housing
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