Metro North Community Development Corp
- Assets
- $2.4m
- Revenue
- $263.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Jacksonville, FL
- Founding
- 09/2001
- Data as of
- 12/2023
- EIN
- 31-1761439
Organization Overview
Metro North Community Development Corp is located in Jacksonville, FL. The organization was established in 2001. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Metro North Community Development Corp employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Metro North Community Development Corp 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 12/2023, Metro North Community Development Corp generated $263.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $246.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 9 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO IMPROVE THE QUALITY OF LIFE FOR THE RESIDENTS OF METRO NORTH JACKSONVILLE THROUGH RESIDENTIAL AND COMMERCIAL REHABILITATION AND DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPROVING THE QUALITY OF LIFE FOR THE RESIDENTS OF METRO NORTH JACKSONVILLE THROUGH RESIDENTIAL AND COMMERCIAL REHABILITATION AND DEVELOPMENT AS WELL AS RENTING PROPERTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerome Crawford Executive Dir. | Officer | 40 | $60,000 |
David Cronin ESQ Director | Trustee | 1 | $0 |
Alea Tuke-Sword Chairman | Trustee | 1 | $0 |
Rosalind Jenkins Director | Trustee | 1 | $0 |
Brenda Boydston Secretary | Trustee | 1 | $0 |
Jackie Boyd Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $84,022 |
| All other contributions, gifts, grants, and similar amounts not included above | $40,050 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $124,072 |
| Total Program Service Revenue | $120,373 |
| Investment income | $393 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$6,468 |
| 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 | $22,281 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $263,615 |
| 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. | $60,000 |
| Compensation of current officers, directors, key employees. | $60,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,580 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,078 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $779 |
| Office expenses | $532 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,471 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,868 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $81 |
| Insurance | $9,008 |
| All other expenses | $3,655 |
| Total functional expenses | $246,318 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,156 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $401,555 |
| Prepaid expenses and deferred charges | $1,310 |
| Net Land, buildings, and equipment | $1,881,426 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,218 |
| Total assets | $2,405,665 |
| Accounts payable and accrued expenses | $7,547 |
| 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 | $2,609,942 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $35,046 |
| Total liabilities | $2,652,535 |
| Net assets without donor restrictions | -$248,681 |
| Net assets with donor restrictions | $1,811 |
| 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 | $2,405,665 |