Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $1,444,778

• 1e · Government grants (contributions)

  $7,512,403

• 1f · All other contributions, gifts and grants

  $30,488,505

• 1g · Noncash contributions included above

  $6,679,715

• 2a · Program service revenue: READINESS VOUCHERS

  total $715,174 · related or exempt $715,174

• 2b · Program service revenue: SHELTER FOOD SERVICES

  total $338,456 · related or exempt $338,456

• 2c · Program service revenue: CHILD CARE FEES

  total $121,786 · related or exempt $121,786

• 2d · Program service revenue: DEVELOPER FEE

  total $8,226 · related or exempt $8,226

• 2f · All other program service revenue

  total $149,033 · related or exempt $149,033

• 3 · Investment income

  total $219,307 · excluded $219,307

• 6a · Gross rents

  real property $238,267

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $238,267

• 6d · Net rental income or loss

  total $238,267 · excluded $238,267

• 7a · Gross sales of assets other than inventory

  other assets $180,682

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

  other assets $184,902

• 7c · Gain or loss

  other assets -$4,220

• 7d · Net gain or loss

  total -$4,220 · excluded -$4,220

• 8a · Fundraising events: gross income

  $0

• 8a · Fundraising events: contributions included on line 1c

  $1,444,778

• 8b · Fundraising events: direct expenses

  $193,680

• 8c · Net income from fundraising events

  total -$193,680 · excluded -$193,680

• 10a · Gross sales of inventory

  $1,005,980

• 10b · Cost of goods sold

  $130,974

• 10c · Net income from sales of inventory

  total $875,006 · related or exempt $875,006

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $16,738 · excluded $16,738

• 11e · Other revenue, total

  $16,738

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,111,942 · program services $567,090 · management and general $544,852

• 7 · Other salaries and wages

  total $15,698,911 · program services $14,595,678 · management and general $648,387 · fundraising $454,846

• 8 · Pension plan contributions

  total $309,112 · program services $274,899 · management and general $25,560 · fundraising $8,653

• 9 · Other employee benefits

  total $1,706,318 · program services $1,517,459 · management and general $141,094 · fundraising $47,765

• 10 · Payroll taxes

  total $1,263,962 · program services $1,124,063 · management and general $104,516 · fundraising $35,383

• 11b · Fees: legal

  total $8,650 · program services $7,355 · management and general $1,169 · fundraising $126

• 11c · Fees: accounting

  total $58,501 · program services $49,745 · management and general $7,904 · fundraising $852

• 11f · Fees: investment management

  total $4,755 · program services $3,738 · management and general $823 · fundraising $194

• 11g · Fees: other

  total $2,560,288 · program services $2,177,409 · management and general $345,727 · fundraising $37,152

• 12 · Advertising and promotion

  total $239,281 · program services $122,171 · management and general $117,110

• 13 · Office expenses

  total $1,998,744 · program services $1,720,673 · management and general $224,382 · fundraising $53,689

• 16 · Occupancy

  total $2,668,068 · program services $2,458,657 · management and general $169,597 · fundraising $39,814

• 17 · Travel

  total $282,361 · program services $273,078 · management and general $7,991 · fundraising $1,292

• 22 · Depreciation, depletion and amortization

  total $1,734,945 · program services $1,530,367 · management and general $165,566 · fundraising $39,012

• 23 · Insurance

  total $407,895 · program services $320,665 · management and general $70,596 · fundraising $16,634

• 24a · Other expenses: IN-KIND GOODS

  total $6,616,198 · program services $6,616,198

• 24b · Other expenses: PROGRAM/DONOR DEVELOPME

  total $2,694,469 · program services $244,180 · management and general $144,070 · fundraising $2,306,219

• 24c · Other expenses: FOOD PROGRAMS

  total $2,329,192 · program services $2,329,172 · management and general $16 · fundraising $4

• 24d · Other expenses: PROGRAM ACTIVITIES AND

  total $1,512,690 · program services $1,472,054 · management and general $27,848 · fundraising $12,788

• 24e · All other expenses

  total $104,468 · program services $67,436 · management and general $28,911 · fundraising $8,121

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,657,035 · end of year $2,340,768

• 2 · Savings and temporary cash investments

  beginning of year $4,479,947 · end of year $3,906

• 3 · Pledges and grants receivable

  beginning of year $4,436,271 · end of year $5,459,967

• 4 · Accounts receivable

  beginning of year $295,328 · end of year $152,606

• 7 · Other notes and loans receivable

  end of year $15,228,625

• 9 · Prepaid expenses and deferred charges

  beginning of year $556,514 · end of year $580,693

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

  $67,432,761

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

  $24,621,413

• 10c · Land, buildings and equipment, net

  beginning of year $29,164,533 · end of year $42,811,348

• 12 · Investments: other securities

  beginning of year $801,488 · end of year $610,175

• 14 · Intangible assets

  beginning of year $2,275 · end of year $2,275

• 15 · Other assets

  beginning of year $6,512,118 · end of year $7,435,482

• 17 · Accounts payable and accrued expenses

  beginning of year $1,547,712 · end of year $4,374,555

• 19 · Deferred revenue

  beginning of year $1,238,450 · end of year $429,015

• 23 · Secured mortgages and notes payable

  beginning of year $3,337,831 · end of year $15,515,978

• 25 · Other liabilities

  beginning of year $530,674 · end of year $13,392,730

• 27 · Net assets without donor restrictions

  beginning of year $35,779,447 · end of year $35,422,385

• 28 · Net assets with donor restrictions

  beginning of year $6,471,395 · end of year $5,491,182

The filer's explanations (Part III)

PART I, LINE 3

CEO COMPENSATION IS SET BY THE GOVERNANCE COMMITTEE OF THE BOARD OF DIRECTORS. THE CEO BASE COMPENSATION WAS INCREASED EFFECTIVE DECEMBER 26, 2022.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• METROPOLITAN MINISTRIES BROADWAY LLC

  C · TO PARTICIPATE IN THE DEVELOPMENT OF AN AFFORDABLE HOUSING NEIGHBORHOOD · FL · 100% owned · controlled entity

  Directly controlled by METROPOLITAN MINISTRIES INC