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Nonprofiteer
← METROPOLITAN HOUSING PARTNERS INC

Form 990 for tax year 2023

Filed by METROPOLITAN HOUSING PARTNERS INC.

Totals

Total revenue
$15,038
Total expenses
$39,721
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$15,038
Other revenue
$0
Total assets, end of year
$8,941,255
Total liabilities, end of year
$6,521,637
Net assets or fund balances, end of year
$2,419,618
Program services expenses (Part IX)
$39,721
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$39,721

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $15,038 · excluded $15,038

Functional expenses

Part IX, the statement of functional expenses.

  • 20 · Interest

    total $10,894 · program services $10,894

  • 24a · Other expenses: MISCELLANEOUS

    total $28,765 · program services $28,765

  • 24b · Other expenses: INCOME(LOSS) FROM INVES

    total $62 · program services $62

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $414,328 · end of year $317,560

  • 4 · Accounts receivable

    beginning of year $125,937 · end of year $154,464

  • 7 · Other notes and loans receivable

    beginning of year $6,198,913 · end of year $6,468,913

  • 9 · Prepaid expenses and deferred charges

    beginning of year $53,630

  • 12 · Investments: other securities

    beginning of year $2,000,380 · end of year $2,000,318

  • 17 · Accounts payable and accrued expenses

    beginning of year $449,974 · end of year $352,724

  • 23 · Secured mortgages and notes payable

    beginning of year $5,898,913 · end of year $6,168,913

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $2,444,301 · end of year $2,419,618

Mission and programs · 2023

Mission

TO RELIEVE A SHORTAGE OF DECENT, SAFE, AND SANITARY HOUSING FOR PERSONS OF LOW INCOME. TO ENGAGE IN OR ASSIST IN THE DEVELOPMENT, FINANCING OR OPERATION AND CARRYING OUT OR ASSISTING IN CARRYING OUT LOW INCOME HOUSING PROJECT(S) INCLUDING ASSISTANCE BY BORROWING AND LENDING FUND(S), AND TO FUNCTION WITHIN THE MEANING OF THE UNITED STATES HOUSING ACT OF 1937, AS AMENDED, AS AN INSTRUMENTALITY OF COLUMBUS METROPOLITAN HOUSING AUTHORITY.METRO HOUSING SERVES AS AN INVESTOR IN HOUSING PROJECTS THAT ARE FINANCED BY IRC SECTION 42 LOW-INCOME HOUSING TAX CREDITS.

  • METROPOLITAN HOUSING PARTNERS HOLDS INVESTMENTS IN VARIOUS HOUSING COMPANIES IN CENTRAL OHIO.

    Expenses $39,721

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JAMES L ERVIN JR

    CHAIR - BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    0.25

  • FREDERICK L RANSIER ESQ

    VICE CHAIR BOARD OF DIRECT

    Total calculated
    $0
    Hours/week
    0.25

  • JACQUELIN LEWIS

    COMMISSIONER

    Total calculated
    $0
    Hours/week
    0.25

  • D MALONE

    COMMISSIONER

    Total calculated
    $0
    Hours/week
    0.25

  • STEPHEN DALEY

    COMMISSIONER

    Total calculated
    $0
    Hours/week
    0.25

  • CHARLES D HILLMAN

    PRESIDENT, CEO

    Total calculated
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202403199349304575

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