Is Metropolitan Housing Development Corporation Legit?
Quick charity verification for Metropolitan Housing Development Corporation (EIN: 202007127)
Verdict: Metropolitan Housing Development Corporation shows mixed signals
55/100Mission Score
$673KRevenue
$3.8MAssets
3Red Flags
2Strengths
Red Flags
Consistent operating deficits (expenses exceeding revenue) for over a decade.
Liabilities consistently exceed assets, indicating a negative net asset position and potential solvency issues.
Declining asset base over the past decade, from $5,001,575 in 2014 to $3,846,963 in 2023.
Strengths
Consistent reporting of 0% officer compensation, indicating low executive overhead.
Long operational history with 17 IRS 990 filings, suggesting established presence.
Spending Breakdown
How Metropolitan Housing Development Corporation allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Metropolitan Housing Development Corporation
Is Metropolitan Housing Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Metropolitan Housing Development Corporation (EIN: 202007127) shows mixed signals. Mission Score: 55/100. 3 red flags identified, 2 strengths noted.
Is Metropolitan Housing Development Corporation a good charity to donate to?
Metropolitan Housing Development Corporation has a Mission Score of 55/100. Revenue: $673K. Assets: $3.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Metropolitan Housing Development Corporation?
The Employer Identification Number (EIN) for Metropolitan Housing Development Corporation is 202007127. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Metropolitan Housing Development Corporation spend its money?
Metropolitan Housing Development Corporation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Metropolitan Housing Development Corporation's tax-exempt status?
You can verify Metropolitan Housing Development Corporation's tax-exempt status using EIN 202007127 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Metropolitan Housing Development Corporation exhibits consistent financial operations, with revenues generally in the $600k-$650k range over the past five years. However, the organization has consistently operated at a deficit, with expenses exceeding revenue in every reported period. For instance, in 2023, expenses were $774,361 against revenues of $641,550, resulting in a deficit of over $130,000. This trend has led to a gradual decline in assets, from $5,001,575 in 2014 to $3,846,963 in 2023, while liabilities have remained relatively stable and high, consistently exceeding assets. The organization's liabilities have consistently been higher than its assets, indicating a potential solvency concern. The consistent reporting of 0% officer compensation across all filings suggests a volunteer-led or very lean executive structure, which can be a positive for donor confidence regarding administrative overhead, but the overall financial health is challenged by persistent operating deficits and a negative net asset position.