Metro North Community Development Corp

Analysis

Metro North Community Development Corp is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in September 2001, 25 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Metro North Community Development Corp reported income of $264k and spending of $246k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $32k to $264k (+714%), an average of +69% a year. The sharpest change came in the year to December 2020, when income rose by 784%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Metro North Community Development Corp sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within FL. Charities of a similar size with the same main cause include Trinity Landholding Corporation ($263k), Ryder Assisted Care Number II Inc ($264k) and Central Terrace ($263k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $60k (24% of expenses). Other salaries and wages came to $8,580. At year end it held assets of $2.4m against liabilities of $2.7m, net assets of -$247k. It reported 2 employees.