Metropolitan Housing and Community Development Corporation

Analysis

Metropolitan Housing and Community Development Corporation is a registered charity in United States, based in Washington, NC. It received its IRS tax-exemption ruling in November 1990, 36 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, Metropolitan Housing and Community Development Corporation reported income of $627k and spending of $877k, spending 140% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $593k to $627k (+5.7%), an average of +1.4% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Metropolitan Housing and Community Development Corporation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within NC. Charities of a similar size with the same main cause include Ellison I Housing Corporation ($627k), Antioch Hillcrest Terrace Inc ($627k) and BT of Ark Inc ($627k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 33% of the total. At year end it held assets of $4.2m against liabilities of $2.4m, net assets of $1.8m.