Form 990 for tax year 2022
Filed by METROPOLITAN HOUSING AND COMMUNITY DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $812,117
- Total expenses
- $804,272
- Contributions and grants received
- $188,711
- Grants paid
- $0
- Program service revenue
- $623,349
- Investment income
- $57
- Other revenue
- $0
- Total assets, end of year
- $4,294,469
- Total liabilities, end of year
- $2,519,097
- Net assets or fund balances, end of year
- $1,775,372
- Program services expenses (Part IX)
- $784,190
- Management and general expenses
- $20,082
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $784,190
Program services were 97.5% 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.
-
1f · All other contributions, gifts and grants
$188,711
-
2a · Program service revenue: RENTAL INCOME
total $393,186 · related or exempt $393,186
-
2b · Program service revenue: PROGRAM INCOME
total $230,163 · related or exempt $230,163
-
3 · Investment income
total $57 · excluded $57
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $25,727 · program services $25,727
-
11c · Fees: accounting
total $11,650 · program services $11,650
-
11g · Fees: other
total $342,680 · program services $342,507 · management and general $173
-
12 · Advertising and promotion
total $2,156 · program services $2,156
-
13 · Office expenses
total $8,592 · program services $8,592
-
16 · Occupancy
total $64,942 · program services $54,920 · management and general $10,022
-
17 · Travel
total $13,049 · program services $10,538 · management and general $2,511
-
20 · Interest
total $8,354 · program services $8,354
-
22 · Depreciation, depletion and amortization
total $162,632 · program services $162,632
-
23 · Insurance
total $41,459 · program services $41,459
-
24a · Other expenses: SUPPLIES
total $56,326 · program services $56,326
-
24b · Other expenses: REPAIRS & MAINT
total $54,996 · program services $54,996
-
24c · Other expenses: OTHER COSTS
total $11,709 · program services $4,333 · management and general $7,376
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $615,279 · end of year $127,784
-
2 · Savings and temporary cash investments
beginning of year $13,896 · end of year $604,131
-
4 · Accounts receivable
beginning of year $19,565 · end of year $22,359
-
10a · Land, buildings and equipment: cost or other basis
$5,417,183
-
10b · Land, buildings and equipment: accumulated depreciation
$2,799,715
-
10c · Land, buildings and equipment, net
beginning of year $2,780,100 · end of year $2,617,468
-
13 · Investments: program-related
beginning of year $71,804 · end of year $71,804
-
15 · Other assets
beginning of year $859,373 · end of year $850,923
-
17 · Accounts payable and accrued expenses
beginning of year $44,246 · end of year $47,688
-
19 · Deferred revenue
beginning of year $4,567 · end of year $2,183
-
23 · Secured mortgages and notes payable
beginning of year $1,968,879 · end of year $1,894,704
-
25 · Other liabilities
beginning of year $574,798 · end of year $574,522
-
27 · Net assets without donor restrictions
beginning of year $1,528,905 · end of year $1,381,290
-
28 · Net assets with donor restrictions
beginning of year $238,622 · end of year $394,082
Mission and programs · 2022
Mission
THE ORGANIZATION SEEKS TO RAISE THE ECONOMIC, EDUCATIONAL AND SOCIAL LEVEL OF RESIDENTS OF THE SOUTHEASTERN UNITED STATES AND EXPANDS THE OPPORTUNITIES AVAILABLE TO THESE RESIDENTS TO OWN AND MANAGE BUSINESSES AND PURCHASE AFFORDABLE HOUSING.
-
METROPOLITAN HOUSING AND COMMUNITY DEVELOPMENT CORPORATION RENOVATES AND BUILDS AFFORDABLE HOUSING FOR LOW INCOME FAMILIES IN THE SOUTHEASTERN UNITED STATES. THE CORPORATION ALSO OPERATES A BUSINESS INCUBATOR THAT SERVICES DISADVANTAGED BUSINESSES.
Expenses $784,190
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Eric WhitakerERIC WHITAKER
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Rev Garrick WitherspoonREV GARRICK WITHERSPOON
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Mildred RandolphMILDRED RANDOLPH
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Joyce O'NealJOYCE O'NEAL
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Watsi SuttonWATSI SUTTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Solomon Ore JrSOLOMON ORE JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Harold LearyHAROLD LEARY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
James MooreJAMES MOORE
CEO
- Total calculated
- $72,850
- From this org
- $0
- From related orgs
- $72,850
- Other
- $0
- Hours/week
- 25 + 25 related
-
Joseph MooreJOSEPH MOORE
COO
- Total calculated
- $80,393
- From this org
- $0
- From related orgs
- $80,393
- Other
- $0
- Hours/week
- 10 + 40 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.
Grants on this return
No itemized grants to organizations 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.
-
METROPOLITAN COMMUNITY HEALTH SVC
501C · HEALTHCARE · NC
Directly controlled by NA
-
METROPOLITAN PROPERTY MANAGEMENT
501C · MANAGEMENT · NC
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 25 April 2023
- IRS schema version
- 2022v5.0
- Source object
- 202331219349301213
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