Skip to content
Nonprofiteer
← METROPOLITAN PROPERTY MANAGEMENT INC

Form 990 for tax year 2023

Filed by METROPOLITAN PROPERTY MANAGEMENT INC.

Totals

Total revenue
$3,425,105
Total expenses
$3,123,029
Contributions and grants received
$0
Grants paid
$71,273
Program service revenue
$3,393,303
Investment income
$31,802
Other revenue
$0
Total assets, end of year
$490,985
Total liabilities, end of year
$196,190
Net assets or fund balances, end of year
$294,795
Program services expenses (Part IX)
$2,734,117
Management and general expenses
$388,912
Fundraising expenses
$0
Program service expenses (Part III)
$2,734,117

Program services were 87.5% 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.

  • 2a · Program service revenue: PROPERTIES SALARY TRAN

    total $2,535,510 · related or exempt $2,535,510

  • 2b · Program service revenue: MANAGEMENT FEE REVENUE

    total $829,718 · related or exempt $829,718

  • 2c · Program service revenue: PROGRAM REVENUES

    total $20,275 · related or exempt $20,275

  • 2d · Program service revenue: RENTAL REVENUE

    total $7,800 · related or exempt $7,800

  • 3 · Investment income

    total $31,802 · excluded $31,802

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $71,273 · program services $71,273

  • 5 · Compensation of officers, directors and key employees

    total $102,919 · program services $87,481 · management and general $15,438

  • 7 · Other salaries and wages

    total $2,177,760 · program services $1,851,096 · management and general $326,664

  • 9 · Other employee benefits

    total $89,371 · program services $75,965 · management and general $13,406

  • 10 · Payroll taxes

    total $164,407 · program services $164,407

  • 11b · Fees: legal

    total $1,749 · program services $1,749

  • 11c · Fees: accounting

    total $14,406 · program services $14,406

  • 11g · Fees: other

    total $49,615 · program services $18,000 · management and general $31,615

  • 12 · Advertising and promotion

    total $3,681 · program services $3,681

  • 13 · Office expenses

    total $74,783 · program services $74,783

  • 16 · Occupancy

    total $30,252 · program services $30,252

  • 17 · Travel

    total $33,650 · program services $33,650

  • 19 · Conferences, conventions and meetings

    total $8,855 · program services $8,855

  • 22 · Depreciation, depletion and amortization

    total $11,930 · program services $10,141 · management and general $1,789

  • 23 · Insurance

    total $7,979 · program services $7,979

  • 24a · Other expenses: CONTRACT

    total $170,475 · program services $170,475

  • 24b · Other expenses: SUPPLIES

    total $95,700 · program services $95,700

  • 24c · Other expenses: ALL OTHER EXPENSES

    total $7,224 · program services $7,224

  • 24d · Other expenses: FOOD

    total $6,985 · program services $6,985

  • 24e · All other expenses

    total $15 · program services $15

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $11,853 · end of year $32,837

  • 2 · Savings and temporary cash investments

    beginning of year $77,306 · end of year $384,930

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

    $153,574

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

    $89,520

  • 10c · Land, buildings and equipment, net

    beginning of year $68,290 · end of year $64,054

  • 15 · Other assets

    beginning of year $9,164 · end of year $9,164

  • 17 · Accounts payable and accrued expenses

    beginning of year $34,806 · end of year $5,412

  • 23 · Secured mortgages and notes payable

    beginning of year $25,268 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $138,558 · end of year $190,227

  • 25 · Other liabilities

    beginning of year $550 · end of year $551

  • 27 · Net assets without donor restrictions

    beginning of year -$32,569 · end of year $294,795

Mission and programs · 2023

Mission

THE ORGANIZATION'S MISSION IS TO IMPROVE THE QUALITY OF LIFE FOR LOW TO MODERATE-INCOME PERSONS BY PROVIDING SAFE, QUALITY HOUSING.

Activities or mission (Part I)

THE ORGANIZATION'S MISSION IS TO IMPROVE THE QUALITY OF LIFE FOR LOW TO MODERATE INCOME PERSONS BY PROVIDING SAFE, QUALITY HOUSING.

  • PROVIDES SUPERIOR MANAGEMENT SERVICES TO OWNERS OF MULTIFAMILY RENTAL HOUSING DEVELOPMENTS SERVING LOW TO MODERATE INCOME FAMILIES AND ELDERLY AND/OR DISABLED PERSONS. THE ORGANIZATION FOCUSES ON PROVIDING SAFE AND QUALITY HOUSING FOR RESIDENTS OF THE PROJECTS WHICH THE ORGANIZATION SERVICES.

    Expenses $2,734,117 · Grants $71,273 · Revenue $3,393,303

As filed on the 2023 return.

Listed in Part VII

  • ERIC WHITAKER

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • GARRICK WITHERSPOON

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JOYCE O'NEAL

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • MILDRED RANDOLPH

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • SOLOMON ORE JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.75

  • WATSI SUTTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.75

  • PAULA MCCULLOUGH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.75

  • JOSEPH MOORE

    EXECUTIVE DIRECTOR

    Total calculated
    $102,919
    From this org
    $87,778
    From related orgs
    $0
    Other
    $15,141
    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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2023
Filed
8 November 2024
IRS schema version
2023v5.1
Source object
202403169349301100

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.