Metropolitan Housing Development

Analysis

Metropolitan Housing Development is a registered charity in United States, based in Waunakee, WI. It received its IRS tax-exemption ruling in April 1995, 31 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Metropolitan Housing Development reported income of $757k and spending of $786k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $722k to $757k (+4.9%), an average of +1.2% a year. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Metropolitan Housing Development sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within WI. Charities of a similar size with the same main cause include Destination Innovation Inc ($757k), Office Careers ($758k) and New Beginning of Albany Community Development Corporation ($757k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $104k (13% of expenses). Other salaries and wages came to $128k. At year end it held assets of $3.6m against liabilities of $2.6m, net assets of $978k. It reported 7 employees.