Metropolitan Housing Development Corporation

Analysis

Metropolitan Housing Development Corporation is a registered charity in United States, based in Flint, MI. It received its IRS tax-exemption ruling in April 1977, 49 years ago. 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 September 2024, Metropolitan Housing Development Corporation reported income of $568k and spending of $538k, spending 95% of its income. Across the 4 years on record, from September 2021 to September 2024, income grew from $212k to $568k (+168%), an average of +39% a year. The sharpest change came in the year to September 2023, when income rose by 131%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Metropolitan Housing Development Corporation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within MI. Charities of a similar size with the same main cause include Works in New Directions Inc ($568k), North Central Vermont Recovery Center Inc ($569k) and Full Gospel World Missions Inc ($568k).

On its Form 990 for the period ending September 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $430k. At year end it held assets of $399k against liabilities of $0, net assets of $399k. It reported 42 employees.