Metropolitan Development Center Inc
Metropolitan Development Center Inc shows consistent revenue growth and healthy financial surpluses over the past five years.
EIN: 113293489 · Brooklyn, NY · NTEE: O50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $12.8M |
| Total Expenses | $7.5M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $7.8 |
| Net Assets | $3.1M |
| Transparency Score | 85/100 |
Is Metropolitan Development Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Metropolitan Development Center Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Metropolitan Development Center Inc
Metropolitan Development Center Inc (EIN: 113293489) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code O50. The organization reported total revenue of $12.8M and total assets of $5.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Metropolitan Development Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Metropolitan Development Center Inc is a large nonprofit that has been operating for 28 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.9M |
| Total Expenses | $7.5M |
| Surplus / Deficit | +$428K |
| Total Assets | $3.6M |
| Total Liabilities | $504K |
| Net Assets | $3.1M |
| Operating Margin | 5.4% |
| Debt-to-Asset Ratio | 13.8% |
| Months of Reserves | 5.9 months |
Financial Health Grade: A
In 2023, Metropolitan Development Center Inc reported a surplus of $428K with revenue exceeding expenses, holds 5.9 months of operating reserves (adequate), has a debt-to-asset ratio of 13.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Metropolitan Development Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.5% | +18.0% | +22.5% |
| 2022 | +36.0% | +17.4% | +18.2% |
| 2021 | +41.5% | +47.6% | +22.6% |
| 2020 | +52.6% | +54.8% | -20.2% |
| 2019 | +46.4% | +43.3% | +10.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
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 Metropolitan Development Center Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Metropolitan Development Center Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $428K, with revenue exceeding expenses.
- Debt-to-asset ratio: 13.8%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, which is unusual for an organization of this size with revenues reaching $7.8 million in 2023. This either indicates a fully volunteer leadership or that executive compensation is categorized differently, requiring further scrutiny for full transparency.
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.
Red Flags
The following concerns were identified during AI analysis of Metropolitan Development Center Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and warrants further investigation into executive compensation practices.
Strengths
The following positive indicators were identified for Metropolitan Development Center Inc:
- Consistent and significant revenue growth, indicating expanding operations and funding.
- Healthy financial surpluses year-over-year, demonstrating effective financial management.
- Steady increase in assets, contributing to long-term financial stability.
- Relatively low liabilities compared to assets, suggesting good financial health.
- Strong track record of IRS 990 filings, indicating compliance and transparency.
Frequently Asked Questions about Metropolitan Development Center Inc
Is Metropolitan Development Center Inc a legitimate charity?
Metropolitan Development Center Inc (EIN: 113293489) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $12.8M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Metropolitan Development Center Inc spend its money?
Metropolitan Development Center Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Metropolitan Development Center Inc tax-deductible?
Metropolitan Development Center Inc is registered as a tax-exempt nonprofit (EIN: 113293489). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Metropolitan Development Center Inc CEO make?
Metropolitan Development Center Inc's highest-compensated officer earns $7.8 annually. The organization reported $12.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Metropolitan Development Center Inc's spending goes to programs?
Metropolitan Development Center Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Metropolitan Development Center Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Metropolitan Development Center Inc is above average for NTEE category O50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Metropolitan Development Center Inc located?
Metropolitan Development Center Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 113293489. It is classified under NTEE code O50.
How many years of IRS 990 filings does Metropolitan Development Center Inc have?
Metropolitan Development Center 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 $12.8M in total revenue.
How does Metropolitan Development Center Inc manage to report 0% officer compensation despite its significant revenue and asset growth?
The consistent reporting of 0% officer compensation across all available filings is highly unusual for an organization of this scale. It suggests either a volunteer-led executive team or that compensation is reported under other expense lines, which would require reviewing the full 990 forms for clarification on how leadership is compensated, if at all.
What are the specific program, administrative, and fundraising expense ratios for Metropolitan Development Center Inc?
The provided summary data does not break down expenses into specific program, administrative, and fundraising categories. To determine these ratios, a detailed review of the full IRS 990 forms, specifically Part IX (Statement of Functional Expenses), would be necessary.
What is the primary driver behind Metropolitan Development Center Inc's significant revenue growth from $2.5M in 2019 to $7.8M in 2023?
The provided data indicates a substantial increase in revenue. To understand the drivers, one would need to examine the full 990 forms, specifically Schedule A (Public Charity Status and Public Support) and Part VIII (Statement of Revenue), to identify sources like government grants, contributions, or program service revenue.
Filing History
IRS 990 filing history for Metropolitan Development Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Metropolitan Development Center Inc's revenue has grown by 383.3%, moving from $1.6M to $7.9M. Total assets increased by 144.6% over the same period, from $1.5M to $3.6M. Total functional expenses rose by 531.9%, from $1.2M to $7.5M. In its most recent filing year (2023), Metropolitan Development Center Inc reported a surplus of $428K, with revenue exceeding expenses. The organization holds $504K in liabilities against $3.6M in assets (debt-to-asset ratio: 13.8%), resulting in net assets of $3.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.9M | $7.5M | $3.6M | $504K | — | View 990 |
| 2022 | $7.5M | $6.3M | $3.0M | $261K | — | View 990 |
| 2021 | $5.5M | $5.4M | $2.5M | $959K | — | View 990 |
| 2020 | $3.9M | $3.7M | $2.1M | $606K | — | View 990 |
| 2019 | $2.5M | $2.4M | $2.6M | $181K | — | View 990 |
| 2018 | $1.7M | $1.6M | $2.3M | $119K | — | View 990 |
| 2017 | $1.7M | $1.5M | $2.2M | $66K | — | View 990 |
| 2016 | $1.6M | $1.5M | $2.2M | $278K | — | View 990 |
| 2015 | $1.4M | $1.4M | $2.2M | $313K | — | View 990 |
| 2014 | $1.5M | $1.4M | $2.2M | $298K | — | View 990 |
| 2013 | $1.6M | $1.3M | $2.1M | $308K | — | View 990 |
| 2012 | $1.6M | $1.4M | $1.7M | $211K | — | View 990 |
| 2011 | $1.6M | $1.2M | $1.5M | $234K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.9M, expenses of $7.5M, and assets of $3.6M (revenue +5.5% year-over-year).
- 2022: Revenue of $7.5M, expenses of $6.3M, and assets of $3.0M (revenue +36.0% year-over-year).
- 2021: Revenue of $5.5M, expenses of $5.4M, and assets of $2.5M (revenue +41.5% year-over-year).
- 2020: Revenue of $3.9M, expenses of $3.7M, and assets of $2.1M (revenue +52.6% year-over-year).
- 2019: Revenue of $2.5M, expenses of $2.4M, and assets of $2.6M (revenue +46.4% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.6M, and assets of $2.3M (revenue +5.4% year-over-year).
- 2017: Revenue of $1.7M, expenses of $1.5M, and assets of $2.2M (revenue +5.0% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.5M, and assets of $2.2M (revenue +14.8% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.4M, and assets of $2.2M (revenue -10.0% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.4M, and assets of $2.2M (revenue -3.6% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.3M, and assets of $2.1M (revenue -3.0% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.4M, and assets of $1.7M (revenue -0.3% year-over-year).
- 2011: Revenue of $1.6M, expenses of $1.2M, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Metropolitan Development Center Inc:
Data Sources and Methodology
This transparency report for Metropolitan Development Center 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.