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Nonprofiteer
← METRO COMMUNITY DEVELOPMENT INC

Form 990 for tax year 2023

Filed by METRO COMMUNITY DEVELOPMENT INC.

Totals

Total revenue
$6,162,636
Total expenses
$6,156,124
Contributions and grants received
$5,393,001
Grants paid
$2,182,494
Program service revenue
$442,695
Investment income
$326,940
Other revenue
$0
Total assets, end of year
$17,943,499
Total liabilities, end of year
$8,950,959
Net assets or fund balances, end of year
$8,992,540
Program services expenses (Part IX)
$5,833,618
Management and general expenses
$280,167
Fundraising expenses
$42,339
Program service expenses (Part III)
$5,833,618

Program services were 94.8% 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.

  • 1e · Government grants (contributions)

    $3,706,433

  • 1f · All other contributions, gifts and grants

    $1,686,568

  • 2a · Program service revenue: INTEREST ON LOANS REC

    total $359,359 · excluded $359,359

  • 2b · Program service revenue: FACILITY RENTAL

    total $59,273 · related or exempt $59,273

  • 2c · Program service revenue: FEES FOR SERVICES

    total $24,063 · related or exempt $24,063

  • 3 · Investment income

    total $325,823 · excluded $325,823

  • 7a · Gross sales of assets other than inventory

    securities $220,006

  • 7b · Less cost or other basis and sales expenses

    securities $218,889

  • 7c · Gain or loss

    securities $1,117

  • 7d · Net gain or loss

    total $1,117 · excluded $1,117

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,182,494 · program services $2,182,494

  • 5 · Compensation of officers, directors and key employees

    total $301,196 · program services $282,093 · management and general $9,830 · fundraising $9,273

  • 7 · Other salaries and wages

    total $850,021 · program services $796,110 · management and general $27,741 · fundraising $26,170

  • 8 · Pension plan contributions

    total $10,074 · program services $9,056 · management and general $710 · fundraising $308

  • 9 · Other employee benefits

    total $45,532 · program services $41,238 · management and general $2,900 · fundraising $1,394

  • 10 · Payroll taxes

    total $167,579 · program services $151,852 · management and general $10,533 · fundraising $5,194

  • 11c · Fees: accounting

    total $41,194 · management and general $41,194

  • 11f · Fees: investment management

    total $9,739 · management and general $9,739

  • 11g · Fees: other

    total $96,969 · program services $19,339 · management and general $77,630

  • 13 · Office expenses

    total $13,719 · program services $6,477 · management and general $7,242

  • 16 · Occupancy

    total $133,470 · program services $130,837 · management and general $2,633

  • 17 · Travel

    total $19,913 · program services $19,433 · management and general $480

  • 22 · Depreciation, depletion and amortization

    total $25,598 · management and general $25,598

  • 23 · Insurance

    total $73,929 · program services $67,716 · management and general $6,213

  • 24a · Other expenses: NEIGHBORHOOD IMPACT PROG

    total $1,073,211 · program services $1,073,211

  • 24b · Other expenses: LOAN LOSSES

    total $414,800 · program services $414,800

  • 24c · Other expenses: MISCELLANEOUS EXPENSE

    total $263,000 · program services $219,836 · management and general $43,164

  • 24d · Other expenses: CONSULTANTS & CONTRACTING

    total $220,813 · program services $220,813

  • 24e · All other expenses

    total $212,873 · program services $198,313 · management and general $14,560

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,942,350 · end of year $990,430

  • 2 · Savings and temporary cash investments

    beginning of year $6,210,779 · end of year $7,171,526

  • 3 · Pledges and grants receivable

    beginning of year $336,988 · end of year $698,598

  • 4 · Accounts receivable

    beginning of year $168,541 · end of year $150,832

  • 7 · Other notes and loans receivable

    beginning of year $5,554,701 · end of year $6,271,952

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,938

  • 10a · Land, buildings and equipment: cost or other basis

    $268,673

  • 10b · Land, buildings and equipment: accumulated depreciation

    $93,511

  • 10c · Land, buildings and equipment, net

    beginning of year $200,760 · end of year $175,162

  • 11 · Investments: publicly traded securities

    beginning of year $1,723,577 · end of year $1,933,640

  • 15 · Other assets

    beginning of year $528,047 · end of year $551,359

  • 17 · Accounts payable and accrued expenses

    beginning of year $581,067 · end of year $905,367

  • 19 · Deferred revenue

    beginning of year $1,828,670 · end of year $1,760,000

  • 24 · Unsecured notes and loans payable

    beginning of year $6,434,782 · end of year $6,275,160

  • 25 · Other liabilities

    beginning of year $10,207 · end of year $10,432

  • 27 · Net assets without donor restrictions

    beginning of year $8,113,263 · end of year $8,330,326

  • 28 · Net assets with donor restrictions

    beginning of year $699,692 · end of year $662,214

Mission and programs · 2023

Mission

WE BUILD PARTNERSHIPS TO CREATE ECONOMIC OPPORTUNITIES TO PROMOTE VIBRANT AND PROSPEROUS COMMUNITIES. WE FOSTER ENTREPRENEURS AND GROW SMALL BUSINESSES. WE DEVELOP AFFORDABLE HOUSING AND PREPARE FAMILIES FOR HOMEOWNERSHIP.

  • ENHANCE COMMUNITY HOUSING INITIATIVES THROUGH MEETINGS WITH GROUPS, ASSISTING WITH FUNDING PROJECTS, AND DEVELOPMENT OF STRATEGIC PLANS. PROVIDE FUNDING TO SUBRECIPIENT ORGANIZATIONS WHO PROVIDE SERVICES AND DEVELOP INITIATIVES TO IMPROVE QUALITY OF NEIGHBOROODS AND COMMUNITIES THROUGHOUT FLINT AND GENESEE COUNTY. CHRONIC HOMELESS INITIATIVE AND HOMELESS PREVENTION AND RAPID-REHOUSING ARE PROGRAMS TO HELP DEVELOP PERMANENT SUPPORTIVE HOUSING FOR INDIVIDUALS WHO ARE CHRONICALLY HOMELESS AND TO PROVIDE TENANT BASED RENTAL ASSISTANCE.

    Expenses $2,182,494 · Grants $2,182,494 · Revenue $83,336

  • HOMELESS MANAGEMENT INFORMATION SYSTEM (HMIS) IS A SOFTWARE SYSTEM DESIGNED TO RECORD AND STORE CLIENT-LEVEL INFORMATION ON THE CHARACTERISTICS AND SERVICE NEEDS OF HOMELESS INDIVIDUALS AND PERSONS AT RISK OF HOMELESSNESS. THE DATA COLLECTED IN HMIS ALLOWS A COMMUNITY TO ASSESS THE NEEDS AND DYNAMICS AMONG SPECIFIC SUBPOPULATIONS OF PEOPLE EXPERIENCING HOMELESSNESS, AND TO MEASURE THE PERFORMANCE OF THE COMMUNITY'S APPROACHES TO PREVENTING AND ENDING HOMELESSNESS AND ITS ALLOCATION OF RESOURCES. COORDINATED ENTRY IS A SYSTEM THAT PROVIDES ACCESS TO INDIVIDUALS AND FAMILIES SEEKING ASSISTANCE THROUGH A COORDINATED REFERRAL AND HOUSING PLACEMENT PROCESS THAT IDENTIFIES AND PRIORITIZES A CLIENT'S VULNERABILITY AND BARRIERS TO HOUSING. CONTINUUM OF CARE (COC) PLANNING IS A PROCESS INVOLVING GOVERNMENT AGENCIES, SERVICE PROVIDERS, ADVOCATES, AND OTHER STAKEHOLDERS IN EVALUATING THE NEEDS OF HOMELESS PEOPLE IN THE COMMUNITY, ASSESSING THE PERFORMANCE OF EXISTING ACTIVITIES, AND PRIORITIZING ACTIVITIES FOR THE PURPOSE OF SECURING FUNDING FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

    Expenses $2,059,442

  • COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFI) FUNDS AND SMALL BUSINESS ADMINISTRATION (SBA) FUNDS WERE USED TO OBTAIN THE TECHNICAL ASSISTANCE NEEDED TO RUN THE PROGRAM EFFICIENTLY AND EFFECTIVELY. THE FUNDS WERE ALSO USED TO PROVIDE MICRO-LOANS, INCLUDING RURAL AND ENTERPRISE LOANS, FOR GENESEE, LAPEER, SAGINAW, AND SHIAWASSEE COUNTIES.

    Expenses $1,486,812

  • PROVIDE ASSISTANCE TO LOW INCOME FAMILIES IN OBTAINING HOME OWNERSHIP.

    Expenses $104,870

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

Listed in Part VII

  • Robert Nichols

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Bruce T Colasanti

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Dan Fleckenstein

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jack Stock

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Rachelle A Kippe

    IMMEDIATE PA

    Total calculated
    $0
    Hours/week
    1

  • Victoria Arteaga

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jim Carney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Johnathan Dugan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Deborah Herdman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Melissa Overton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Betty Ramsdell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Linda Thompson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rafael Turner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Beverly Walker-Griffea

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brian Glowiak

    CEO

    Total calculated
    $191,942
    From this org
    $191,942
    From related orgs
    $0
    Other
    $0
    Hours/week
    39.5 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $181,942
    Bonus
    $10,000
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $191,942

  • Corwin Foster

    CFO

    Total calculated
    $86,582
    From this org
    $84,022
    From related orgs
    $0
    Other
    $2,560
    Hours/week
    39.5 + 0.5 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
17 April 2024
IRS schema version
2023v6.0
Source object
202541289349301979

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