Metro West Collaborative Development Inc
Metro West Collaborative Development: Strong Asset Growth, Moderate Program Spending
EIN: 223073668 · Newton, MA · NTEE: L25Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $5.4M |
| Total Expenses | $1.9M |
| Program Spending | 70% |
| CEO/Top Officer Pay | $145,000 |
| Net Assets | $1.4M |
| Transparency Score | 75/100 |
Is Metro West Collaborative Development Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Metro West Collaborative Development Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Metro West Collaborative Development Inc
Metro West Collaborative Development Inc (EIN: 223073668) is a nonprofit organization based in Newton, MA, classified under NTEE code L25Z. The organization reported total revenue of $5.4M and total assets of $26.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Metro West Collaborative Development Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Metro West Collaborative Development Inc is a mid-size nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 19.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $1.9M |
| Surplus / Deficit | $-475,448 |
| Total Assets | $35.5M |
| Total Liabilities | $34.1M |
| Net Assets | $1.4M |
| Operating Margin | -34.3% |
| Debt-to-Asset Ratio | 96.0% |
| Months of Reserves | 229.0 months |
Financial Health Grade: C
In 2023, Metro West Collaborative Development Inc reported a deficit of $475K with expenses exceeding revenue, holds 229.0 months of operating reserves (strong position), has a debt-to-asset ratio of 96.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Metro West Collaborative Development Inc's revenue has grown at a compound annual growth rate (CAGR) of 19.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -20.5% | +9.8% | +99.4% |
| 2022 | +6.0% | +14.8% | +66.2% |
| 2021 | +22.7% | -5.2% | -36.7% |
| 2020 | +137.8% | +89.4% | +73.4% |
| 2019 | -70.1% | +30.7% | +97.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Metro West Collaborative Development Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Metro West Collaborative Development Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $475K, with expenses exceeding revenue.
- Debt-to-asset ratio: 96.0%.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's size and mission, with the highest reported compensation in 2022 being $145,000 for the Executive Director.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Metro West Collaborative Development Inc:
- Consistent and significant asset growth over the past several years, from $936,458 in 2016 to $35,512,317 in 2023.
- Strong revenue generation, with 2023 reporting $1,385,698 in revenue.
- Demonstrated commitment to its mission through consistent program expenditures.
Frequently Asked Questions about Metro West Collaborative Development Inc
Is Metro West Collaborative Development Inc a legitimate charity?
Metro West Collaborative Development Inc (EIN: 223073668) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.4M. No red flags identified. 3 strengths noted. Financial health grade: C.
How does Metro West Collaborative Development Inc spend its money?
Metro West Collaborative Development Inc directs 70% of its spending to programs and services. Fundraising costs 15%. This meets the 65% industry benchmark.
Are donations to Metro West Collaborative Development Inc tax-deductible?
Metro West Collaborative Development Inc is registered as a tax-exempt nonprofit (EIN: 223073668). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Metro West Collaborative Development Inc CEO make?
Metro West Collaborative Development Inc's highest-compensated officer earns $145,000 annually. The organization reported $5.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Metro West Collaborative Development Inc's spending goes to programs?
Metro West Collaborative Development Inc directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Metro West Collaborative Development Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Metro West Collaborative Development Inc is above average for NTEE category L25Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Metro West Collaborative Development Inc located?
Metro West Collaborative Development Inc is headquartered in Newton, Massachusetts and files with the IRS under EIN 223073668. It is classified under NTEE code L25Z.
How many years of IRS 990 filings does Metro West Collaborative Development Inc have?
Metro West Collaborative Development Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $5.4M in total revenue.
What does Metro West Collaborative Development Inc do?
Metro West Collaborative Development Inc is a nonprofit organization in the Housing & Shelter sector, located in Newton, Massachusetts. It is classified under NTEE code L25Z.
How much revenue does Metro West Collaborative Development Inc have?
Metro West Collaborative Development Inc reported total revenue of $5,442,264. Based on 13 IRS 990 filings on record.
What are Metro West Collaborative Development Inc's total assets?
Metro West Collaborative Development Inc holds total assets of $26,192,711 as reported in IRS 990 filings.
Where is Metro West Collaborative Development Inc located?
Metro West Collaborative Development Inc is based in Newton, Massachusetts.
What is Metro West Collaborative Development Inc's EIN?
Metro West Collaborative Development Inc's Employer Identification Number (EIN) is 223073668. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Metro West Collaborative Development Inc?
Metro West Collaborative Development Inc is classified under NTEE code L25Z (Housing & Shelter).
Is Metro West Collaborative Development Inc a registered 501(c)(3)?
Yes, Metro West Collaborative Development Inc is recognized as a tax-exempt organization by the IRS. EIN: 223073668.
Does Metro West Collaborative Development Inc file IRS Form 990?
Yes, Metro West Collaborative Development Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Metro West Collaborative Development Inc's revenue in 2023?
In the 202312 filing period, Metro West Collaborative Development Inc reported total revenue of $1,385,698, total expenses of $1,861,146, and net assets of $35,512,317.
Is Metro West Collaborative Development Inc's revenue growing or declining?
Metro West Collaborative Development Inc's revenue is declining. Revenue went from $1,743,878 (202212) to $1,385,698 (202312), a -20.5% change. Based on 13 filings on record.
What is Metro West Collaborative Development Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Metro West Collaborative Development Inc covers tax period 202312. It shows revenue of $1,385,698, expenses of $1,861,146, total assets of $35,512,317, and liabilities of $34,098,017.
How much does Metro West Collaborative Development Inc spend on programs vs administration?
Based on IRS 990 analysis, Metro West Collaborative Development Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Metro West Collaborative Development Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Metro West Collaborative Development Inc appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 3 strengths noted.
What are Metro West Collaborative Development Inc's strengths?
Positive indicators for Metro West Collaborative Development Inc include: Consistent and significant asset growth over the past several years, from $936,458 in 2016 to $35,512,317 in 2023.. Strong revenue generation, with 2023 reporting $1,385,698 in revenue.. Demonstrated commitment to its mission through consistent program expenditures.. These findings are derived from AI analysis of the organization's financial filings.
How does Metro West Collaborative Development Inc compensate executives?
Executive compensation appears reasonable given the organization's size and mission, with the highest reported compensation in 2022 being $145,000 for the Executive Director. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors contributed to the substantial increase in assets from $17,809,934 in 2022 to $35,512,317 in 2023?
The significant increase in assets from 2022 to 2023 suggests potential acquisition of new properties, substantial capital improvements, or successful fundraising for restricted assets, aligning with their collaborative development mission.
Filing History
IRS 990 filing history for Metro West Collaborative Development Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Metro West Collaborative Development Inc's revenue has grown by 756.4%, moving from $162K to $1.4M. Total assets increased by 7246.3% over the same period, from $483K to $35.5M. Total functional expenses rose by 443.5%, from $342K to $1.9M. In its most recent filing year (2023), Metro West Collaborative Development Inc reported a deficit of $475K, with expenses exceeding revenue. The organization holds $34.1M in liabilities against $35.5M in assets (debt-to-asset ratio: 96.0%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $1.9M | $35.5M | $34.1M | — | — |
| 2022 | $1.7M | $1.7M | $17.8M | $16.0M | — | — |
| 2021 | $1.6M | $1.5M | $10.7M | $8.8M | — | View 990 |
| 2020 | $1.3M | $1.6M | $16.9M | $15.7M | — | — |
| 2019 | $564K | $823K | $9.8M | $8.3M | — | View 990 |
| 2018 | $1.9M | $630K | $4.9M | $3.2M | — | View 990 |
| 2017 | $738K | $547K | $2.0M | $1.9M | — | View 990 |
| 2016 | $342K | $492K | $936K | $959K | — | View 990 |
| 2015 | $326K | $438K | $1.0M | $913K | — | View 990 |
| 2014 | $266K | $452K | $453K | $214K | — | View 990 |
| 2013 | $888K | $630K | $760K | $335K | — | View 990 |
| 2012 | $552K | $547K | $1.6M | $1.5M | — | View 990 |
| 2011 | $162K | $342K | $483K | $326K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $1.9M, and assets of $35.5M (revenue -20.5% year-over-year).
- 2022: Revenue of $1.7M, expenses of $1.7M, and assets of $17.8M (revenue +6.0% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.5M, and assets of $10.7M (revenue +22.7% year-over-year).
- 2020: Revenue of $1.3M, expenses of $1.6M, and assets of $16.9M (revenue +137.8% year-over-year).
- 2019: Revenue of $564K, expenses of $823K, and assets of $9.8M (revenue -70.1% year-over-year).
- 2018: Revenue of $1.9M, expenses of $630K, and assets of $4.9M (revenue +155.6% year-over-year).
- 2017: Revenue of $738K, expenses of $547K, and assets of $2.0M (revenue +115.9% year-over-year).
- 2016: Revenue of $342K, expenses of $492K, and assets of $936K (revenue +4.8% year-over-year).
- 2015: Revenue of $326K, expenses of $438K, and assets of $1.0M (revenue +22.4% year-over-year).
- 2014: Revenue of $266K, expenses of $452K, and assets of $453K (revenue -70.0% year-over-year).
- 2013: Revenue of $888K, expenses of $630K, and assets of $760K (revenue +60.9% year-over-year).
- 2012: Revenue of $552K, expenses of $547K, and assets of $1.6M (revenue +241.3% year-over-year).
- 2011: Revenue of $162K, expenses of $342K, and assets of $483K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Metro West Collaborative Development Inc:
Data Sources and Methodology
This transparency report for Metro West Collaborative Development Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.