Metro Community Development Inc
- Assets
- $15.5m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 23
- Location
- Flint, MI
- Founding
- 12/1993
- Data as of
- 06/2022
- EIN
- 38-3072010
Organization Overview
Metro Community Development Inc is located in Flint, MI. The organization was established in 1993. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Metro Community Development Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Metro Community 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 06/2022, Metro Community Development Inc generated $4.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $4.7m during the year ending 06/2022. While expenses have increased by 3.5% per year over the past 7 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.
Since 2015, Metro Community Development Inc has awarded 40 individual grants totaling $12,363,115. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE BUILD PARTNERSHIPS TO CREATE ECONOMIC OPPORTUNITIES TO PROMOTE VIBRANT AND PROSPEROUS COMMUNITIES. WE FOSTER ENTREPRENEURS AND GROW SMALL BUSINESSES. WE DEVELOP AFFORDABLE HOUSING AND PREPARE FAMILIES FOR HOMEOWNERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENHANCE COMMUNITY HOUSING INITIATIVES THROUGH MEETINGS WITH GROUPS, ASSISTING WITH FUNDING PROJECTS, AND DEVELOPMENT OF STRATEGIC PLANS. PROVIDE FUNDING TO SUBRECIPIENT ORGANIZATIONS WHO PROVIDE SERVICES AND DEVELOP INITIATIVES TO IMPROVE QUALITY OF NEIGHBOROODS AND COMMUNITIES THROUGHOUT FLINT AND GENESEE COUNTY. CHRONIC HOMELESS INITIATIVE AND HOMELESS PREVENTION AND RAPID-REHOUSING ARE PROGRAMS TO HELP DEVELOP PERMANENT SUPPORTIVE HOUSING FOR INDIVIDUALS WHO ARE CHRONICALLY HOMELESS AND TO PROVIDE TENANT BASED RENTAL ASSISTANCE.
PROVIDE ASSISTANCE TO LOW INCOME FAMILIES IN OBTAINING HOME OWNERSHIP.
HOMELESS MANAGEMENT INFORMATION SYSTEM (HMIS) IS A SOFTWARE SYSTEM DESIGNED TO RECORD AND STORE CLIENT-LEVEL INFORMATION ON THE CHARACTERISTICS AND SERVICE NEEDS OF HOMELESS INDIVIDUALS AND PERSONS AT RISK OF HOMELESSNESS. THE DATA COLLECTED IN HMIS ALLOWS A COMMUNITY TO ASSESS THE NEEDS AND DYNAMICS AMONG SPECIFIC SUBPOPULATIONS OF PEOPLE EXPERIENCING HOMELESSNESS, AND TO MEASURE THE PERFORMANCE OF THE COMMUNITY'S APPROACHES TO PREVENTING AND ENDING HOMELESSNESS AND ITS ALLOCATION OF RESOURCES. COORDINATED ENTRY IS A SYSTEM THAT PROVIDES ACCESS TO INDIVIDUALS AND FAMILIES SEEKING ASSISTANCE THROUGH A COORDINATED REFERRAL AND HOUSING PLACEMENT PROCESS THAT IDENTIFIES AND PRIORITIZES A CLIENT'S VULNERABILITY AND BARRIERS TO HOUSING. CONTINUUM OF CARE (COC) PLANNING IS A PROCESS INVOLVING GOVERNMENT AGENCIES, SERVICE PROVIDERS, ADVOCATES, AND OTHER STAKEHOLDERS IN EVALUATING THE NEEDS OF HOMELESS PEOPLE IN THE COMMUNITY, ASSESSING THE PERFORMANCE OF EXISTING ACTIVITIES, AND PRIORITIZING ACTIVITIES FOR THE PURPOSE OF SECURING FUNDING FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.
COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFI) FUNDS AND SMALL BUSINESS ADMINISTRATION (SBA) FUNDS WERE USED TO OBTAIN THE TECHNICAL ASSISTANCE NEEDED TO RUN THE PROGRAM EFFICIENTLY AND EFFECTIVELY. THE FUNDS WERE ALSO USED TO PROVIDE MICRO-LOANS, INCLUDING RURAL AND ENTERPRISE LOANS, FOR GENESEE, LAPEER, SAGINAW, AND SHIAWASSEE COUNTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachelle A Kippe Chair | OfficerTrustee | 1 | $0 |
Bruce Colasanti Vice Chair | OfficerTrustee | 1 | $0 |
Dan Fleckenstein Treasurer | OfficerTrustee | 1 | $0 |
Robert Nichols Immediate Pa | OfficerTrustee | 1 | $0 |
Robert Rummel Past Chair | Trustee | 1 | $0 |
Victoria Arteaga Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,867,602 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,113,468 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,981,070 |
| Total Program Service Revenue | $567,969 |
| Investment income | $51,206 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $29,628 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,633,690 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,683,195 |
| 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. | $119,663 |
| Compensation of current officers, directors, key employees. | $4,942 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $847,553 |
| Pension plan accruals and contributions | $14,059 |
| Other employee benefits | $52,207 |
| Payroll taxes | $184,666 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,529 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,814 |
| Fees for services: Other | $5,696 |
| Advertising and promotion | $0 |
| Office expenses | $19,689 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $119,804 |
| Travel | $10,685 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,951 |
| Insurance | $92,136 |
| All other expenses | $310,174 |
| Total functional expenses | $4,683,049 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,608,713 |
| Savings and temporary cash investments | $5,204,689 |
| Pledges and grants receivable | $509,505 |
| Accounts receivable, net | $148,622 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,725,419 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,938 |
| Net Land, buildings, and equipment | $209,005 |
| Investments—publicly traded securities | $1,587,224 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $527,643 |
| Total assets | $15,522,758 |
| Accounts payable and accrued expenses | $599,645 |
| Grants payable | $0 |
| Deferred revenue | $125,000 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $6,293,780 |
| Other liabilities | $10,512 |
| Total liabilities | $7,028,937 |
| Net assets without donor restrictions | $8,023,477 |
| Net assets with donor restrictions | $470,344 |
| 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 | $15,522,758 |
Grants Awarded
Over the last fiscal year, Metro Community Development Inc has awarded $1,683,195 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SHELTER OF FLINT PURPOSE: SUPPORTIVE HOUSING | $733,045 |
GENESEE COUNTY CMHHEALTH SYSTEM PURPOSE: SUPPORTIVE HOUSING | $414,902 |
GENESEE COUNTY YOUTH CORPORATION PURPOSE: SUPPORTIVE HOUSING | $310,898 |
METRO COMMUNITY DEVELOPMENT PURPOSE: SUPPORTIVE HOUSING | $224,350 |