Metro West Collaborative Development Inc

Organization Overview

Metro West Collaborative Development Inc is located in Newton, MA. The organization was established in 1991. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Metro West Collaborative Development Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Metro West Collaborative Development Inc 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 12/2022, Metro West Collaborative Development Inc generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 23.3% each year . All expenses for the organization totaled $1.7m during the year ending 12/2022. While expenses have increased by 18.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO ORGANIZE RESIDENTS, MOBILIZE RESOURCES, AND IDENTIFY IDEAS THAT IMPROVE THE QUALITY OF LIFE FOR RESIDENTS OF METRO WEST COMMUNITIES. WE ACCOMPLISH THIS BY:1) CREATING AND PRESERVING AFFORDABLE HOMES2) SUPPORTING ECONOMIC DEVELOPMENT THAT STRENGTHENS NEIGHBORHOODS, TOWNS AND OUR REGION3) BUILDING ALLIANCES WITH PARTNERS AND CONSTITUENCIES THROUGHOUT THE REGION IN ORDER TO INCREASE AWARENESS AND BUILD SUPPORT FOR COMMUNITY DEVELOPMENT

Describe the Organization's Program Activity:

Part 3 - Line 4a

METRO WEST CD SEEKS TO ENGAGE RESIDENTS IN LOCAL PLANNING AND DECISION MAKING THAT EFFECTS THEIR NEIGHBORHOODS.


IN 2022 METRO WEST CD COMPLETED THE CONSTRUCTION OF 48 UNITS OF AFFORDABLE HOUSING, CLOSED ON THE FINANCING, AND STARTED CONSTRUCTION ON AN ADDITIONAL 44 UNITS AND OBTAINED ZONING APPROVAL FOR 30+ ADDITIONAL UNITS OF AFFORDABLE HOUSING.


METRO WEST CD PROVIDES REFERRALS TO HOUSEHOLDS IN SEARCH OF AFFORDABLE HOUSING. WE ALSO COORDINATE LOTTERIES AND TENANT/BUYER SELECTION ON BEHALF OF DEVELOPERS OF AFFORDABLE HOUSING THROUGHOUT MASSACHUSETTS. METRO WEST CD ALSO ADMINISTERS EMERGENCY RENTAL AND DIRECT FINANCIAL ASSISTANCE AND SINCE THE BEGINNING OF THE PANDEMIC HAS SUPPORTED OVER 500 HOUSEHOLDS ON BEHALF OF SEVERAL FOUNDATIONS AND SEVEN MUNICIPALITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Suneeth John
President
$0
Mike Sherman
Treasurer
$0
Bob Flack
Clerk
$0
Dorena Wong-Deleon
Director
$0
Cristina Ayala
Director
$0
Eugenia Chaparro
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Dellbrook Jks
General Contractor
$1,856,064
Davis Square Architects Inc
Architectural Services
$362,303
Meander Studio Inc
Architectural Services
$294,710
Cleary Elevator Inc
Engineering Services
$121,300
Nitsch Engineering
Engineering Services
$106,465
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $50,000
All other contributions, gifts, grants, and similar amounts not included above$298,549
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$348,549
Total Program Service Revenue$1,235,666
Investment income $29,049
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 $1,743,878

Peer Organizations

Organization NameAssets
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Rochester, NY
$15,878,650
Center Communities Of Brookline Inc
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$6,604,679
Fenway Community Development Corp
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$5,660,025
North Shore Community Development Coalition Inc
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$4,973,173
Rebuilding Together-Saratoga County
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$4,364,529
Hrca Brookline Housing 1550 Beacon Plaza
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$5,611,543
Grand Street Northwest Inc
Garden City, NY
$9,638,708
Troy Rehabilitation And Improvement Program Inc
Troy, NY
$3,688,765
Mutual Housing Association Of Southwestern Connecticut Inc
Trumbull, CT
$2,299,241
Syracuse Model Neighborhood Corp
Syracuse, NY
$3,354,753
Suburban Housing Development And Research Inc
Bay Shore, NY
$3,050,467
Neighborhood Housing Services Of Rochester Inc
Rochester, NY
$3,020,780
Chautauqua Home Rehabilitation & Improvement Corp
Mayville, NY
$2,385,881
Albany County Land Bank Corporation
Albany, NY
$1,512,121
Opportunity Headquarters Inc
Syracuse, NY
$2,120,047
Metro West Collaborative Development Inc
Newton, MA
$1,743,878
West Side Neighborhood Housing Service Inc
Buffalo, NY
$1,576,814
Housing Visions Unlimited Inc
Syracuse, NY
$2,764,715
Yarock Memorial Housing Inc
Worcester, MA
$960,518
House Of Hope Housing Inc
Lowell, MA
$922,537
Corporation For Urban Home Ownership Of New Haven
New Haven, CT
$1,051,067
Helping Hands Community Partners Inc
Providence, RI
$2,035,058
Upstate New York Community Partners Inc
Rochester, NY
$858,835
Downtown Manhattan Community Development Corporation
New York, NY
$867,279
Edgewood Village Inc
New Haven, CT
$826,393

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