Metropolitan Housing Development Corporation
Metropolitan Housing Development Corporation consistently operates at a deficit, with liabilities exceeding assets.
EIN: 202007127 · Chicago, IL · NTEE: S21Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $673K |
| Total Expenses | $774K |
| Program Spending | 80% |
| Net Assets | $-1,734,702 |
| Transparency Score | 55/100 |
Is Metropolitan Housing Development Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Metropolitan Housing Development Corporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Metropolitan Housing Development Corporation
Metropolitan Housing Development Corporation (EIN: 202007127) is a nonprofit organization based in Chicago, IL, classified under NTEE code S21Z. The organization reported total revenue of $673K and total assets of $3.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Metropolitan Housing Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Metropolitan Housing Development Corporation is a small nonprofit that has been operating for 31 years, with 17 years of IRS 990 filings on record (2008–2023). Revenue has grown at a compound annual rate of 18.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $642K |
| Total Expenses | $774K |
| Surplus / Deficit | $-132,811 |
| Total Assets | $3.8M |
| Total Liabilities | $5.6M |
| Net Assets | $-1,734,702 |
| Operating Margin | -20.7% |
| Debt-to-Asset Ratio | 145.1% |
| Months of Reserves | 59.6 months |
Financial Health Grade: C
In 2023, Metropolitan Housing Development Corporation reported a deficit of $133K with expenses exceeding revenue, holds 59.6 months of operating reserves (strong position), has a debt-to-asset ratio of 145.1% (high leverage).
Financial Trends
Over 17 years of filings (2008–2023), Metropolitan Housing Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 18.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.2% | +1.4% | -3.1% |
| 2022 | +0.0% | +3.0% | -2.9% |
| 2021 | -0.6% | -2.0% | -2.8% |
| 2020 | -2.3% | -1.8% | -2.0% |
| 2019 | +3.2% | +9.2% | -3.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
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 Housing Development Corporation with a Mission Score of 55 out of 100 (Fair). 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: 80%
- fundraising: 5%
According to IRS 990 filings, Metropolitan Housing Development Corporation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $133K, with expenses exceeding revenue.
- Debt-to-asset ratio: 145.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's officers are either unpaid volunteers or compensated through other means not categorized as officer compensation, which is positive for minimizing administrative overhead.
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 Housing Development Corporation's IRS 990 filings:
- 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
The following positive indicators were identified for Metropolitan Housing Development Corporation:
- Consistent reporting of 0% officer compensation, indicating low executive overhead.
- Long operational history with 17 IRS 990 filings, suggesting established presence.
Frequently Asked Questions about Metropolitan Housing Development Corporation
Is Metropolitan Housing Development Corporation a legitimate charity?
Metropolitan Housing Development Corporation (EIN: 202007127) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 55/100. It has 17 years of IRS 990 filings on record. Total revenue: $673K. 3 red flags identified. 2 strengths noted. Financial health grade: C.
How does Metropolitan Housing Development Corporation spend its money?
Metropolitan Housing Development Corporation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Metropolitan Housing Development Corporation tax-deductible?
Metropolitan Housing Development Corporation is registered as a tax-exempt nonprofit (EIN: 202007127). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Metropolitan Housing Development Corporation's spending goes to programs?
Metropolitan Housing Development Corporation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Metropolitan Housing Development Corporation compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Metropolitan Housing Development Corporation is near average for NTEE category S21Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Metropolitan Housing Development Corporation located?
Metropolitan Housing Development Corporation is headquartered in Chicago, Illinois and files with the IRS under EIN 202007127. It is classified under NTEE code S21Z.
How many years of IRS 990 filings does Metropolitan Housing Development Corporation have?
Metropolitan Housing Development Corporation has 17 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 $673K in total revenue.
Is Metropolitan Housing Development Corporation financially sustainable?
The organization has consistently reported expenses exceeding revenue for at least the past decade, leading to a continuous decline in assets and a persistent negative net asset position (liabilities exceeding assets). This trend raises concerns about long-term financial sustainability without significant changes to its financial model.
Why are liabilities consistently higher than assets?
The filings show that liabilities have consistently been higher than assets, for example, $5,581,665 in liabilities versus $3,846,963 in assets in 2023. This indicates a negative net asset position, suggesting that the organization's debts outweigh its owned resources, which is a significant financial risk.
What is the impact of 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based or compensated in ways not classified as officer compensation. While this can indicate low administrative overhead, it's important to understand how leadership is sustained and if it impacts operational capacity.
Filing History
IRS 990 filing history for Metropolitan Housing Development Corporation showing financial trends over 17 years of public records:
Over 17 years of IRS 990 filings (2008–2023), Metropolitan Housing Development Corporation's revenue has grown by 1236.6%, moving from $48K to $642K. Total assets decreased by 28.8% over the same period, from $5.4M to $3.8M. Total functional expenses rose by 1831.1%, from $40K to $774K. In its most recent filing year (2023), Metropolitan Housing Development Corporation reported a deficit of $133K, with expenses exceeding revenue. The organization holds $5.6M in liabilities against $3.8M in assets (debt-to-asset ratio: 145.1%), resulting in net assets of $-1,734,702.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $642K | $774K | $3.8M | $5.6M | — | — |
| 2022 | $640K | $764K | $4.0M | $5.6M | — | — |
| 2021 | $640K | $741K | $4.1M | $5.6M | — | View 990 |
| 2020 | $644K | $757K | $4.2M | $5.6M | — | — |
| 2019 | $659K | $770K | $4.3M | $5.6M | — | View 990 |
| 2018 | $638K | $705K | $4.4M | $5.6M | — | View 990 |
| 2017 | $555K | $655K | $4.5M | $5.6M | — | View 990 |
| 2016 | $492K | $661K | $4.6M | $5.6M | — | View 990 |
| 2015 | $485K | $620K | $4.8M | $5.6M | — | View 990 |
| 2014 | $485K | $595K | $5.0M | $5.6M | — | View 990 |
| 2013 | $468K | $608K | $5.1M | $5.6M | — | View 990 |
| 2012 | $472K | $567K | $5.3M | $5.6M | — | View 990 |
| 2011 | $477K | $584K | $5.3M | $5.6M | — | View 990 |
| 2010 | $469K | $485K | $5.5M | $5.6M | — | View 990 |
| 2010 | $469K | $485K | $5.5M | $5.6M | — | — |
| 2009 | $299K | $412K | $5.4M | $5.5M | — | View 990 |
| 2008 | $48K | $40K | $5.4M | $5.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $642K, expenses of $774K, and assets of $3.8M (revenue +0.2% year-over-year).
- 2022: Revenue of $640K, expenses of $764K, and assets of $4.0M (revenue +0.0% year-over-year).
- 2021: Revenue of $640K, expenses of $741K, and assets of $4.1M (revenue -0.6% year-over-year).
- 2020: Revenue of $644K, expenses of $757K, and assets of $4.2M (revenue -2.3% year-over-year).
- 2019: Revenue of $659K, expenses of $770K, and assets of $4.3M (revenue +3.2% year-over-year).
- 2018: Revenue of $638K, expenses of $705K, and assets of $4.4M (revenue +15.1% year-over-year).
- 2017: Revenue of $555K, expenses of $655K, and assets of $4.5M (revenue +12.7% year-over-year).
- 2016: Revenue of $492K, expenses of $661K, and assets of $4.6M (revenue +1.4% year-over-year).
- 2015: Revenue of $485K, expenses of $620K, and assets of $4.8M (revenue +0.2% year-over-year).
- 2014: Revenue of $485K, expenses of $595K, and assets of $5.0M (revenue +3.5% year-over-year).
- 2013: Revenue of $468K, expenses of $608K, and assets of $5.1M (revenue -0.7% year-over-year).
- 2012: Revenue of $472K, expenses of $567K, and assets of $5.3M (revenue -1.2% year-over-year).
- 2011: Revenue of $477K, expenses of $584K, and assets of $5.3M (revenue +1.9% year-over-year).
- 2010: Revenue of $469K, expenses of $485K, and assets of $5.5M (revenue +0.0% year-over-year).
- 2010: Revenue of $469K, expenses of $485K, and assets of $5.5M (revenue +56.9% year-over-year).
- 2009: Revenue of $299K, expenses of $412K, and assets of $5.4M (revenue +522.3% year-over-year).
- 2008: Revenue of $48K, expenses of $40K, and assets of $5.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Metropolitan Housing Development Corporation:
Data Sources and Methodology
This transparency report for Metropolitan Housing Development Corporation 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.