Civic Intelligence

Metropolitan Housing Development Corp

EIN 36-2657340 • 501(c)3 • Chicago, IL

Profile

Assist in providing low income housing

8 South Michigan Ave 3100Chicago, IL 60603

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

73rd percentile

0.29x

Higher debt load relative to assets than 73% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

97th percentile

6.83x

Higher debt load relative to revenue than 97% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

5th percentile

-62%

Higher net margin than 5% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

26th percentile

-3.7%

Faster asset growth than 26% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2025

Revenue Growth

25th percentile

-6.8%

Faster revenue growth than 25% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2025

Assets

Down

$1,528,681

Down $40,243 (-2.6%) from 2024

Liabilities

Down

$438,999

Down $130 (-0.0%) from 2024

Net Assets

Down

$1,089,682

Down $40,113 (-3.6%) from 2024

Revenue

Up

$64,250

Up $59,591 (+1279%) from 2024

Expenses

Down

$104,363

Down $37,715 (-27%) from 2024

Net Income

Up

-$40,113

Up $97,306 (+71%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2010: $2,684,724Liabilities 2010: $400,968Net Assets 2010: $2,283,7562010Assets 2011: $4,246,454Liabilities 2011: $2,287,387Net Assets 2011: $1,959,0672011Assets 2012: $3,571,208Liabilities 2012: $1,977,107Net Assets 2012: $1,594,1012012Assets 2019: $2,414,426Liabilities 2019: $225,049Net Assets 2019: $2,189,3772019Assets 2020: $1,390,689Liabilities 2020: $147,836Net Assets 2020: $1,242,8532020Assets 2021: $2,115,492Liabilities 2021: $321,885Net Assets 2021: $1,793,6072021Assets 2022: $1,710,587Liabilities 2022: $292,314Net Assets 2022: $1,418,2732022Assets 2023: $1,477,984Liabilities 2023: $210,770Net Assets 2023: $1,267,2142023Assets 2024: $1,568,924Liabilities 2024: $439,129Net Assets 2024: $1,129,7952024Assets 2025: $1,528,681Liabilities 2025: $438,999Net Assets 2025: $1,089,6822025

Highlighted filing

2025

Assets$1,528,681
Liabilities$438,999
Net Assets$1,089,682

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.0M$0-$1.0MExpenses 2010: $571,2442010Expenses 2011: $526,8192011Expenses 2012: $620,5912012Revenue 2019: $1,317,223Expenses 2019: $363,496Net Income 2019: $953,7272019Revenue 2020: $31,298Expenses 2020: $977,822Net Income 2020: -$946,5242020Revenue 2021: $827,639Expenses 2021: $276,885Net Income 2021: $550,7542021Revenue 2022: $79,374Expenses 2022: $454,708Net Income 2022: -$375,3342022Revenue 2023: $97,051Expenses 2023: $248,110Net Income 2023: -$151,0592023Revenue 2024: $4,659Expenses 2024: $142,078Net Income 2024: -$137,4192024Revenue 2025: $64,250Expenses 2025: $104,363Net Income 2025: -$40,1132025

Highlighted filing

2025

Revenue$64,250
Expenses$104,363
Net Income-$40,113

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Dec 18, 2025
Return Version
2024v5.2
Gross Receipts
$64,250
Mission and Program Overview

Mission

Assist in providing low income housing

To provide housing facilities for persons of low and moderate income

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$403,693$296,534▼ $107,159
Land, Buildings, and Equipment, Net$43,936$43,936→ $0
Prepaid Expenses and Deferred Charges$381$319▼ $62
Total Assets$1,568,924$1,528,681▼ $40,243
Other Assets Total$1,120,914$1,187,892▲ $66,978
Liabilities
Other Liabilities$246,827$253,259▲ $6,432
Unsecured Notes Loans Payable$187,881$183,154▼ $4,727
Accounts Payable and Accrued Expenses$4,356$2,586▼ $1,770
Mortgage Notes Payable Secured by Investment Property$65$0▼ $65
Total Liabilities$439,129$438,999▼ $130
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,129,795$1,089,682▼ $40,113
Total Net Assets Fund Balance$1,129,795$1,089,682▼ $40,113
Total Liabilities and Net Assets / Fund Balance$1,568,924$1,528,681▼ $40,243

Asset Categories

AssetBook ValueDepreciationBasis
Land$43,936-$43,936
Equipment$0$34,007$34,007
Other Assets Org$5,047--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Richard GonzalezPresidentPT$50,000$200,000$50,000

Board Members and Trustees

NameTitle
F Willis CarusoChairman
Christina SaldanaDirector
Christopher FriisDirector
Hong VoDirector
J Damian OrtizDirector
Robert LopezDirector
Rosa EscarenoDirector
Scott MckibbenDirector
Diana RosarioSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$1,138
Other Revenue
$63,112
Change in Net Assets
$-40,113
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$60,639
Other Expenses$43,724
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$50,000--$50,000
Office Expenses-$14,962-$14,962
Payroll Taxes$6,311--$6,311
Interest$5,070--$5,070
Other Employee Benefits$4,328--$4,328
Fees for Services Legal-$4,200-$4,200
Other Expenses$2,020$4,615-$2,020
Fees for Services Accounting-$2,000-$2,000
Insurance$307--$307
Total Functional Expenses$78,586$25,777$0$104,363
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliates$252,416
Accrued Real Estate Taxes$843
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
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, Part VI, Section B, Line 11B

The return is circulated among management for review and comments before it is filed by outside accountants.

Form 990, Part VI, Section B, Line 12C

Annually it is discussed in a board meeting.

Form 990, Part VI, Section C, Line 19

All documents are available upon request at the organization's office during normal business hours.

Filing and Contact Details

Filer

Filer Name
Metropolitan Housing Development Corp
EIN
36-2657340
Phone
3122369673
Address
8 SOUTH MICHIGAN AVE 3100, CHICAGO, IL 60603

Signing Officer

Name
Richard Gonzalez
Title
President
Phone
3122369673
Signed
2025-12-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Gonzalez
Formed
1968
Legal Domicile
Il
Voting Board Members
10
Independent Board Members
9
Employees
1
Volunteers
0

Preparer

Firm
Rubinbrown Llp
Address
225 W WACKER DRIVE, CHICAGO, IL 60606
Preparer
Nabila Riaz
Phone
3124251099
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt067374
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0763324
IRS990ScheduleA/Total509Grp/TotalAmt0887972
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt064250
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt04659
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt097051
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt079374
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0827639
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01072973
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt034007
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt034007
IRS990ScheduleD/LandGrp/BookValueAmt043936
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt043936
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0839919
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt21
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt31
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4100
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt5242852
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt697631
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt7645
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt8696
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt95047
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM AFFILIATES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1INVESTMENT IN RMS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2INVESTMENT IN VICTORY ASSOCIATES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3INVESTMENT IN JOLIET SLF
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4INVESTMENT IN COTTAGES GP, LLC
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5NOTE RECEIVABLE - DG LLC
IRS990ScheduleD/OtherAssetsOrgGrp/Desc6NOTE RECEIVABLE - COTTAGES LP
IRS990ScheduleD/OtherAssetsOrgGrp/Desc7INVESTMENT IN MILWAUKEE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc8INVESTMENT IN DIVERSEY
IRS990ScheduleD/OtherAssetsOrgGrp/Desc9ACCOUNTS RECEIVABLE - SOCIAL SECURITY ADVANCE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0843
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1252416
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED REAL ESTATE TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO AFFILIATES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt043936
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01187892
IRS990ScheduleD/TotalLiabilityAmt0253259
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt050000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0200000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0RICHARD GONZALEZ
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt050000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0200000
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE RETURN IS CIRCULATED AMONG MANAGEMENT FOR REVIEW AND COMMENTS BEFORE IT IS FILED BY OUTSIDE ACCOUNTANTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUALLY IT IS DISCUSSED IN A BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL DOCUMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S OFFICE DURING NORMAL BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd30
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0METROPOLITAN HOUSING DEVELOPMENT CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt1METROPOLITAN HOUSING DEVELOPMENT CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt2METROPOLITAN HOUSING DEVELOPMENT CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt3METROPOLITAN HOUSING DEVELOPMENT CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0200753837
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN1320539636
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN2384034404
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN3384100656
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt1C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt2C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt3C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd1IL
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd2IL
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd3IL
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct10.51000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct20.51000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct31.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0HOUSING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt1HOUSING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt2HOUSING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt3HOUSING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0RESIDENT MANAGEMENT SERVICES INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt12031-37 N MILWAUKEE MM LLC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt25525 W DIVERSEY MM LLC

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