Metropolitan Housing Corporation
- Assets
- $14.9m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 6
- Location
- Tucson, AZ
- Founding
- 04/1996
- Data as of
- 06/2022
- EIN
- 86-0781669
Organization Overview
Metropolitan Housing Corporation is located in Tucson, AZ. The organization was established in 1996. 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, Metropolitan Housing Corporation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Metropolitan Housing Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO IDENTIFY AND PROVIDE ASSISTANCE IN ACQUIRING LOW INCOME HOUSING PROPERTIES AND TO PROVIDE MANAGMENT OF LOW INCOME HOUSING UNITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO IDENTIFY AND PROVIDE ASSISTANCE IN ACQUIRING LOW INCOME HOUSING PROPERTIES AND TO PROVIDE MANAGEMENT OF LOW INCOME HOUSING UNITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ginger Gharbiah Executive Director | OfficerTrustee | 40 | $70,719 |
Gary Bachman President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $709,676 |
| 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 | $709,676 |
| Total Program Service Revenue | $357,669 |
| Investment income | $1,979 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$64 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,132,959 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $205,674 |
| Pension plan accruals and contributions | $926 |
| Other employee benefits | $91,226 |
| Payroll taxes | $14,256 |
| Fees for services: Management | $68,007 |
| Fees for services: Legal | $1,983 |
| Fees for services: Accounting | $59,591 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,260 |
| Advertising and promotion | $0 |
| Office expenses | $9,908 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $479,261 |
| Travel | $62 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,992 |
| Interest | $120,596 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $807,069 |
| Insurance | $25,794 |
| All other expenses | $0 |
| Total functional expenses | $1,951,981 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,513,592 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,527 |
| 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 | $19,907 |
| Net Land, buildings, and equipment | $12,431,425 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $195,533 |
| Intangible assets | $0 |
| Other assets | $713,725 |
| Total assets | $14,907,709 |
| Accounts payable and accrued expenses | $3,237,008 |
| Grants payable | $0 |
| Deferred revenue | $786 |
| 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 | $3,620,926 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,834,789 |
| Total liabilities | $14,693,509 |
| Net assets without donor restrictions | $214,200 |
| 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 | $14,907,709 |