Civic Intelligence

Metropolitan Property Management Inc.

990 • Fiscal year 2017 • EIN 27-5170073

Jan 01, 2017 to Dec 31, 2017 • Filed on Sep 28, 2018

PO Box 1706Washington, NC 27889

(252) 946-0110

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

98th percentile

2.67x

Higher debt load relative to assets than 98% of similar nonprofits.

2017 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

5th percentile

0.04x

Higher debt load relative to revenue than 5% of similar nonprofits.

2017 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2017

Net Margin

61st percentile

-1.9%

Higher net margin than 61% of similar nonprofits.

2017 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

55th percentile

$99,692

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 5.8% of source-year revenue.

2017 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2017

Asset Growth

1st percentile

-86%

Faster asset growth than 1% of similar nonprofits.

2017 filings • NTEE L20 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

76th percentile

15%

Faster revenue growth than 76% of similar nonprofits.

2017 filings • NTEE L20 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$26,555

Down $158,495 (-86%) from 2016

Net Assets

Down

-$44,235

Down $32,729 (-284%) from 2016

Liabilities

Down

$70,790

Down $125,766 (-64%) from 2016

Revenue

Up

$1,733,156

Up $223,905 (+15%) from 2016

Expenses

Up

$1,765,885

Up $131,652 (+8.1%) from 2016

Net Income

Up

-$32,729

Up $92,253 (+74%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0-$200KAssets 2015: $299,957Liabilities 2015: $186,481Net Assets 2015: $113,4762015Assets 2016: $185,050Liabilities 2016: $196,556Net Assets 2016: -$11,5062016Assets 2017: $26,555Liabilities 2017: $70,790Net Assets 2017: -$44,2352017Assets 2018: $96,853Liabilities 2018: $81,923Net Assets 2018: $14,9302018Assets 2019: $50,818Liabilities 2019: $112,818Net Assets 2019: -$62,0002019Assets 2020: $113,715Liabilities 2020: $52,621Net Assets 2020: $61,0942020Assets 2021: $123,293Liabilities 2021: $39,244Net Assets 2021: $84,0492021Assets 2022: $166,613Liabilities 2022: $199,182Net Assets 2022: -$32,5692022Assets 2023: $490,985Liabilities 2023: $196,190Net Assets 2023: $294,7952023Assets 2024: $229,008Liabilities 2024: $281,907Net Assets 2024: -$52,8992024Assets 2025: $265,824Liabilities 2025: $403,703Net Assets 2025: -$137,8792025

Highlighted filing

2017

Assets$26,555
Liabilities$70,790
Net Assets-$44,235

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2015: $1,302,593Expenses 2015: $1,257,110Net Income 2015: $45,4832015Revenue 2016: $1,509,251Expenses 2016: $1,634,233Net Income 2016: -$124,9822016Revenue 2017: $1,733,156Expenses 2017: $1,765,885Net Income 2017: -$32,7292017Revenue 2018: $2,004,740Expenses 2018: $1,945,575Net Income 2018: $59,1652018Revenue 2019: $2,174,938Expenses 2019: $2,251,868Net Income 2019: -$76,9302019Revenue 2020: $2,581,460Expenses 2020: $2,458,366Net Income 2020: $123,0942020Revenue 2021: $2,757,842Expenses 2021: $2,734,887Net Income 2021: $22,9552021Revenue 2022: $2,794,460Expenses 2022: $2,911,078Net Income 2022: -$116,6182022Revenue 2023: $3,425,105Expenses 2023: $3,123,029Net Income 2023: $302,0762023Revenue 2024: $3,895,175Expenses 2024: $4,242,869Net Income 2024: -$347,6942024Revenue 2025: $4,093,267Expenses 2025: $4,178,247Net Income 2025: -$84,9802025

Highlighted filing

2017

Revenue$1,733,156
Expenses$1,765,885
Net Income-$32,729
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Sep 28, 2018
Return Version
2017v2.3
Gross Receipts
$1,733,156
Mission and Program Overview

Mission

The organization's mission is to improve the quality of life for low to moderate-income persons by providing safe, quality housing.

The organization's mission is to improve the quality of life for low to moderate income persons by providing safe, quality housing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$34,766$23,332▼ $11,434
Cash and Non-Interest-Bearing Accounts$2,866$3,170▲ $304
Savings and Temporary Cash Investments$50$53▲ $3
Other Assets Total$147,368--
Total Assets$185,050$26,555▼ $158,495
Liabilities
Mortgage Notes Payable Secured by Investment Property$158,924$46,307▼ $112,617
Accounts Payable and Accrued Expenses$15,253$24,483▲ $9,230
Other Liabilities$22,379--
Total Liabilities$196,556$70,790▼ $125,766
Net Assets / Fund Balance
Unrestricted Net Assets$-11,506$-44,235▼ $32,729
Total Net Assets Fund Balance$-11,506$-44,235▼ $32,729
Total Liabilities and Net Assets / Fund Balance$185,050$26,555▼ $158,495

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$23,332$33,839$57,171
Compensation and Service Providers

Employees

NameTitleOtherTotal
Rev David MooreExecutive Di$99,692$99,692

Board Members and Trustees

NameTitle
Eric WhitakerBoard Chair
James Robert HarrisVice Chairma
Bobbie KeyesDirector
Garrick WitherspoonDirector
Jeremy McclainDirector
JOYCE O'NEALSecretary
Mildred RandolphTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,733,156
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-32,729
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,405,099
Other Expenses$252,547
Grants and Similar Amounts Paid$108,239
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,050,240$181,257-$1,231,497
Grants to Domestic Orgs$108,239--$108,239
Office Expenses$83,062$14,658-$97,720
Payroll Taxes$68,555$12,098-$80,653
Current Officers, Directors, Trustees, and Key Employees$55,480$13,870-$69,350
Occupancy$33,804$5,964-$39,768
Other Employee Benefits$20,059$3,540-$23,599
Travel$12,148$2,144-$14,292
Depreciation Depletion$9,719$1,715-$11,434
Insurance$8,089$1,428-$9,517
Fees for Services Accounting$7,709$1,361-$9,070
Conferences and Meetings$4,304$759-$5,063
All Other Expenses$3,641$643-$4,284
Fees for Services Legal$3,253$574-$3,827
Other Expenses$1,785$315-$2,100
Advertising$1,012$179-$1,191
Total Functional Expenses$1,517,238$248,647$0$1,765,885
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Metropolitan Housing CdcWashington, NC501(c)-$108,239
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Joseph MooreFamily MemberEmployee / WagesNo$69,350
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

David moore joseph moore ex director dir of ops father / son

Form 990, Page 6, Part VI, Line 11B

990 is reviewed by management and the board treasurer prior to filing.

Form 990, Page 6, Part VI, Line 12C

Any potential conflicts of interst are brought before the board. The board reviews and resolves.

Form 990, Page 6, Part VI, Line 15A

The board of directors approves compensation for the organization's top management official.

Form 990, Page 6, Part VI, Line 15B

Salaries of key employees are approved by the board. No officers or directors are compensated by the organization.

Form 990, Page 6, Part VI, Line 19

Organization's governing documents are available upon written request.

Filing and Contact Details

Filer

Filer Name
Metropolitan Property Management
EIN
27-5170073
Address
PO BOX 1706, WASHINGTON, NC 27889

Signing Officer

Name
Rev David Moore
Title
Executive Director
Signed
2018-09-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eric Whitaker
Formed
2011
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
65
Volunteers
7

Preparer

Firm
Petway Mills & Pearson Pa
Address
PO BOX 1036, ZEBULON, NC 27597-1036
Preparer
James a Ridoutt
Phone
9192697405
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0973521
IRS990ScheduleA/Total509Grp/TotalAmt06625891
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01733156
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01509251
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01302593
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01107370
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0973521
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt06625891
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt023332
IRS990ScheduleD/EquipmentGrp/DepreciationAmt033839
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt057171
IRS990ScheduleD/TotalBookValueLandBuildingsAmt023332
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0108239
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0METROPOLITAN HOUSING CDC
IRS990ScheduleI/RecipientTable/RecipientEIN0581906927
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 1706
IRS990ScheduleI/RecipientTable/USAddress/CityNm0WASHINGTON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd027889
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0JOSEPH MOORE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0FAMILY MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt069350
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0EMPLOYEE / WAGES
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0JOSEPH MOORE IS SON OF EXECUTIVE DIRECTOR, DAVID MOORE.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DAVID MOORE JOSEPH MOORE EX DIRECTOR DIR OF OPS FATHER / SON
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1990 IS REVIEWED BY MANAGEMENT AND THE BOARD TREASURER PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANY POTENTIAL CONFLICTS OF INTERST ARE BROUGHT BEFORE THE BOARD. THE BOARD REVIEWS AND RESOLVES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS APPROVES COMPENSATION FOR THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SALARIES OF KEY EMPLOYEES ARE APPROVED BY THE BOARD. NO OFFICERS OR DIRECTORS ARE COMPENSATED BY THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0METROPOLITAN HOUSING & COMM DVLP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1METROPOLITAN COMM HEALTH SVCS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0581906927
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1562143419
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0COMM DVLP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1HEALTH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt07
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt17
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 1706
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1120 W MARTIN LUTHER KIND JR BLVD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0WASHINGTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1WASHINGTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd027889
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd127889
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0218633
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt16533
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt2108239
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0DEBT FORGIVENESS (FMV)
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1MANAGEMENT FEE (FMV)
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2CASH CONTRIBUTION
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0METROPOLITAN HOUSING & CDC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1METROPOLITAN HOUSING & CDC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2METROPOLITAN HOUSING & CDC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1L
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt2B
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0185050
IRS990/TotalAssetsEOYAmt026555
IRS990/TotalAssetsGrp/BOYAmt0185050
IRS990/TotalAssetsGrp/EOYAmt026555
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt065
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0248647
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01517238
IRS990/TotalFunctionalExpensesGrp/TotalAmt01765885
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0196556
IRS990/TotalLiabilitiesEOYAmt070790
IRS990/TotalLiabilitiesGrp/BOYAmt0196556
IRS990/TotalLiabilitiesGrp/EOYAmt070790
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-11506
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-44235
IRS990/TotalProgramServiceExpensesAmt01517238
IRS990/TotalProgramServiceRevenueAmt01733156
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01733156
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01733156
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0185050
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt026555
IRS990/TotReportableCompRltdOrgAmt099692
IRS990/TravelGrp/ManagementAndGeneralAmt02144
IRS990/TravelGrp/ProgramServicesAmt012148

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