Metro Interfaith Housing Management Corporation
- Assets
- $943.6k
- Revenue
- $730.5k
- Investments
- $0.0
- Employees
- 38
- Location
- Binghamton, NY
- Founding
- 10/1979
- Data as of
- 06/2022
- EIN
- 16-1116852
Organization Overview
Metro Interfaith Housing Management Corporation is located in Binghamton, NY. The organization was established in 1979. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Metro Interfaith Housing Management Corporation employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Metro Interfaith Housing Management Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Metro Interfaith Housing Management Corporation generated $730.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $824.4k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ENHANCED LIVING FOR ELDERLY/DISABLED/LOW INCOME
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENRICHED HOUSING: PROVIDES MEALS, TRANSPORTATION AND SIMILAR SERVICES TO ELDERLY RENTERS SO THAT THEY MAINTAIN INDEPENDENT LIVING CONDITIONS
HOUSING COUNSELING PROGRAM: PROVIDES INFORMATION TO FIRST TIME HOME BUYERS, REVERSE MORTGAGES, REHAB PROJECTS
HOUSING RENTAL: OWN AND MAINTAIN SUBSIDIZED HOUSING UNITS FOR LOW INCOME TENANTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Ouderkirk Assistant Secretary | OfficerTrustee | 0.25 | $0 |
Shirley Hadley Director | Trustee | 0.25 | $0 |
Christopher Loughridge Vice Chair | OfficerTrustee | 0.25 | $0 |
Santo Caracciolo Director | Trustee | 0.25 | $0 |
Ryan Chronister Treasurer | OfficerTrustee | 0.25 | $0 |
Shellie Spinelli Secretary | OfficerTrustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $148,583 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $148,583 |
| Total Program Service Revenue | $581,709 |
| Investment income | $158 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $730,450 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $115,038 |
| Compensation of current officers, directors, key employees. | $44,537 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $264,208 |
| Pension plan accruals and contributions | $9,105 |
| Other employee benefits | $29,516 |
| Payroll taxes | $41,322 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,768 |
| Fees for services: Accounting | $19,317 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,934 |
| Advertising and promotion | $16,828 |
| Office expenses | $33,105 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $59,668 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $6,144 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,104 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $69,737 |
| Insurance | $34,028 |
| All other expenses | $3,167 |
| Total functional expenses | $824,413 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,319 |
| Savings and temporary cash investments | $414,536 |
| Pledges and grants receivable | $26,013 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $19,033 |
| Net Land, buildings, and equipment | $440,713 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $943,614 |
| Accounts payable and accrued expenses | $24,597 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $34,197 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $123,848 |
| Total liabilities | $182,642 |
| Net assets without donor restrictions | $760,972 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $943,614 |