Metropolitan Housing Development Corporation Inc in Morristown, Tennessee (TN)
Table of contents:
| Metropolitan Housing Development Corporation Inc | |
| Employer Identification Number (EIN) | 581947675 |
| Name of Organization | Metropolitan Housing Development Corporation Inc |
| Address | 407 E Main St, Morristown, TN 37814-4742 |
| Activities | Low income housing |
| Subsection | Charitable Organization |
| Ruling Date | 09/1991 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2014 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $379,759 |
| Amount of Income | $142,645 |
| Form 990 Revenue Amount | $142,645 |
| National Taxonomy of Exempt Entities (NTEE) | Housing, Shelter: Housing Development, Construction, Management |
Non-representatives - add comments:
Amount of income in 2014: $142,645 (it was $137,517 in 2013)
| This organization: | $142,645 |
| Other organizations performing similar types of work: | $345,298 |
Assets in 2014: $379,759 (it was $382,211 in 2013)
| Metropolitan Housing Development Corporation Inc: | $379,759 |
| Other organizations performing similar types of work: | $1,142,570 |
Expenses in 2014: $124,556
| This organization: | $124,556 |
| Other organizations performing similar types of work: | $349,008 |
Income to expenses ratio in 2014: 1.1
| This organization: | 1.1 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2014: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 47.4% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total revenue | $136,304 | $128,297 | $137,517 | $142,645 |
| Contributions, gifts, grants, and similar amounts received | $0 | $0 | $0 | $0 |
| Program service revenue including government fees and contracts | $136,282 | $128,282 | $137,512 | $142,639 |
| Membership dues and assessments | $0 | $0 | $0 | $0 |
| Investment income | $22 | $15 | $5 | $6 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 | $0 |
| Total expenses | $135,399 | $127,747 | $129,515 | $124,556 |
| Total net assets | $-172,200 | $-171,650 | $-163,648 | $-145,559 |
| Excess/Deficit for the year | $905 | $550 | $8,002 | $18,089 |
| Net assets or fund balances at beginning of year | $-173,105 | $-172,200 | $-171,650 | $-163,648 |
| Other changes in net assets or fund balances | $0 | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $-171,650 | $-163,648 | $-145,559 | |
| Balance Sheets | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total assets | $409,307 | $390,420 | $382,211 | $379,759 |
| Total liabilities | $581,507 | $562,070 | $545,859 | $525,318 |
| Net assets or fund balances | $-172,200 | $-171,650 | $-163,648 | $-145,559 |
| Other Information | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | No | |
| Total amount involved | $0 | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | No | |
| Reason for Public Charity Status (for 2014) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public support | $674,325 |
| Subtotal | $674,325 |
| Gifts, grants, contributions, and membership fees received | $0 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $674,325 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $674,464 |
| Public support | $674,325 |
| Subtotal | $139 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $139 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Wesley Stage Park Inc | 1615 Appling Rd, Cordova, TN 38016-4907 | TN | 1997-07 | $418,155 |
| 2 | Appalachia Service Project Inc | 4523 Bristol Hwy, Johnson City, TN 37601-2937 | TN | 1977-01 | $8,183,326 |
| 3 | Habitat For Humanity International Inc, Memphis Hfh Of Greater | 7136 Winchester Rd, Memphis, TN 38125-2016 | TN | 1987-01 | $5,536,935 |
| 4 | Habitat For Humanity Of Cleveland | PO BOX 303, Cleveland, TN 37364-0303 | TN | 1987-01 | $3,714,331 |
| 5 | Habitat For Humanity International Inc, Loudon County Hfh | 308 Mialaquo Pl, Loudon, TN 37774-6843 | TN | 1987-01 | $2,146,315 |
| 6 | South Central Conference Association Incorporated, Scc Of Kentucky Abel Court Apts | 2930 Sidco Drive, Nashville, TN 37204-3723 | TN | 1987-09 | $319,958 |
| 7 | Wesley At Martin Inc | 1615 Appling Rd, Cordova, TN 38016-4907 | TN | 1993-01 | $236,221 |
| 8 | The Development Corporation Of Orchard Knob Inc | 1627 East Fifth Street, Chattanooga, TN 37404-2508 | TN | 1995-09 | $198,244 |
| 9 | Wesley At Adamsville Inc | 1615 Appling Rd, Cordova, TN 38016-4907 | TN | 1993-01 | $169,031 |
| 10 | Wesley Hills-Dyersburg Inc | 1615 Appling Rd, Cordova, TN 38016-4907 | TN | 1997-07 | $136,213 |
| 11 | South Chattanoog Gateway Corp | 2507 Long Street, Chattanooga, TN 37408 | TN | 1994-12 | $33,446 |
| 12 | Habitat For Humanity International Inc | PO BOX 325, Camden, TN 38320 | TN | 1987-01 | $0 |
| 13 | Habitat For Humanity International Inc, Habitat For Humanity Mcnairy County | 2282 Airport Road Hangar 2, Selmer, TN 38375 | TN | 1987-01 | $0 |
| 14 | Habitat For Humanity International Lawrence Co Tn Chapter | PO BOX 772, Lawrenceburg, TN 38464 | TN | 2010-12 | $0 |
| 15 | Nehemiah Development Corporation | PO BOX 38409, Germantown, TN 38183-0409 | TN | 1995-12 | $0 |
| 16 | New Horizon Cooperative Inc | 2946 East Rd, Memphis, TN 38128-5735 | TN | 1995-09 | $0 |
| 17 | Pershing Park Housing Opportunity Corporation | 35 Union Ave Ste 200, Memphis, TN 38103-2417 | TN | 1996-07 | $0 |
| 18 | Promised Land Association Of Neighborhood Housing Development, Plan Housing Development | PO BOX 577, Dandridge, TN 37725-0577 | TN | 1992-07 | $0 |
| 19 | Scenic View Community Development | 3111 Calhoun Avenue, Chattanooga, TN 37407 | TN | 1998-02 | $0 |
| 20 | Tops Rural Housing Programs | PO BOX 932, Newport, TN 37822-0932 | TN | 1996-10 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,995 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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