Greater Metropolitan Housing Corporation

Analysis

Greater Metropolitan Housing Corporation is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in February 1971, 55 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, Greater Metropolitan Housing Corporation reported income of $2.4m and spending of $2.5m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.8m to $2.4m (-49%), an average of -16% a year. The sharpest change came in the year to December 2021, when income dropped by 78%. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Greater Metropolitan Housing Corporation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within MN. Charities of a similar size with the same main cause include Clifton Senior Citizens Housing Corp ($2.4m), Community Housing Fund LLC ($2.4m) and Attic Angel Prairie Point Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $87k (3.5% of expenses). Other salaries and wages came to $177k. At year end it held assets of $7.3m against liabilities of $7.4m, net assets of -$117k. It reported 5 employees.