Civic Intelligence

Metro Community Development Inc.

990 • Fiscal year 2015 • EIN 38-3072010

Jul 01, 2014 to Jun 30, 2015 • Filed on Oct 28, 2015

503 South Saginaw Street Suite 804Flint, MI 48502

(810) 767-4622

Siviq Scores

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

Liabilities / Assets

58th percentile

0.27x

Higher debt load relative to assets than 58% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

67th percentile

0.42x

Higher debt load relative to revenue than 67% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

79th percentile

21%

Higher net margin than 79% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

85th percentile

22%

Faster asset growth than 85% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

75th percentile

17%

Faster revenue growth than 75% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Assets

Up

$7,673,411

Up $1,367,433 (+22%) from 2014

Net Assets

Up

$5,615,411

Up $817,158 (+17%) from 2014

Liabilities

Up

$2,058,000

Up $550,275 (+36%) from 2014

Revenue

Up

$4,871,983

Up $696,581 (+17%) from 2014

Expenses

Up

$3,857,561

Up $49,493 (+1.3%) from 2014

Net Income

Up

$1,014,422

Up $647,088 (+176%) from 2014

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2011: $2,747,792Liabilities 2011: $201,485Net Assets 2011: $2,546,3072011Assets 2012: $4,917,853Liabilities 2012: $1,993,516Net Assets 2012: $2,924,3372012Assets 2013: $5,315,874Liabilities 2013: $1,136,861Net Assets 2013: $4,179,0132013Assets 2014: $6,305,978Liabilities 2014: $1,507,725Net Assets 2014: $4,798,2532014Assets 2015: $7,673,411Liabilities 2015: $2,058,000Net Assets 2015: $5,615,4112015Assets 2016: $8,585,517Liabilities 2016: $2,252,474Net Assets 2016: $6,333,0432016Assets 2017: $9,201,969Liabilities 2017: $2,338,572Net Assets 2017: $6,863,3972017Assets 2018: $10,465,997Liabilities 2018: $2,617,753Net Assets 2018: $7,848,2442018Assets 2019: $12,402,561Liabilities 2019: $4,367,952Net Assets 2019: $8,034,6092019Assets 2020: $12,242,352Liabilities 2020: $4,511,393Net Assets 2020: $7,730,9592020Assets 2021: $15,029,005Liabilities 2021: $5,757,481Net Assets 2021: $9,271,5242021Assets 2022: $15,522,758Liabilities 2022: $7,028,937Net Assets 2022: $8,493,8212022Assets 2023: $17,667,681Liabilities 2023: $8,854,726Net Assets 2023: $8,812,9552023Assets 2024: $17,943,499Liabilities 2024: $8,950,959Net Assets 2024: $8,992,5402024Assets 2025: $18,442,790Liabilities 2025: $7,596,127Net Assets 2025: $10,846,6632025

Highlighted filing

2015

Assets$7,673,411
Liabilities$2,058,000
Net Assets$5,615,411

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $3,947,0672011Expenses 2012: $3,461,3112012Revenue 2013: $4,635,181Expenses 2013: $3,390,297Net Income 2013: $1,244,8842013Revenue 2014: $4,175,402Expenses 2014: $3,808,068Net Income 2014: $367,3342014Revenue 2015: $4,871,983Expenses 2015: $3,857,561Net Income 2015: $1,014,4222015Revenue 2016: $4,505,781Expenses 2016: $3,683,551Net Income 2016: $822,2302016Revenue 2017: $3,962,353Expenses 2017: $3,542,434Net Income 2017: $419,9192017Revenue 2018: $4,453,900Expenses 2018: $3,423,669Net Income 2018: $1,030,2312018Revenue 2019: $4,384,785Expenses 2019: $4,154,442Net Income 2019: $230,3432019Revenue 2020: $4,287,081Expenses 2020: $4,409,359Net Income 2020: -$122,2782020Revenue 2021: $4,976,482Expenses 2021: $4,025,876Net Income 2021: $950,6062021Revenue 2022: $4,633,690Expenses 2022: $4,683,049Net Income 2022: -$49,3592022Revenue 2023: $4,452,196Expenses 2023: $4,175,424Net Income 2023: $276,7722023Revenue 2024: $6,162,636Expenses 2024: $6,156,124Net Income 2024: $6,5122024Revenue 2025: $6,583,205Expenses 2025: $4,879,062Net Income 2025: $1,704,1432025

Highlighted filing

2015

Revenue$4,871,983
Expenses$3,857,561
Net Income$1,014,422
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Oct 28, 2015
Return Version
2014v5.0
Gross Receipts
$7,044,843
Mission and Program Overview

Mission

To serve as a leader and catalyst to expand and enhance quality housing and community development initiatives for underserved people and communities and to develop partnerships in flint and genesee county, leading to the creation of stable and vibrant neighborhoods and communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$3,578,775$2,795,404▼ $783,371
Other Notes and Loans Receivable, Net$2,127,382$2,352,004▲ $224,622
Investments in Publicly Traded Securities$10,074$1,493,393▲ $1,483,319
Pledges and Grants Receivable$287,396$409,523▲ $122,127
Prepaid Expenses and Deferred Charges$22,364$16,000▼ $6,364
Total Assets$6,305,978$7,673,411▲ $1,367,433
Other Assets Total$279,987$607,087▲ $327,100
Liabilities
Unsecured Notes Loans Payable$1,027,005$1,282,776▲ $255,771
Accounts Payable and Accrued Expenses$252,237$474,686▲ $222,449
Other Liabilities$227,783$279,177▲ $51,394
Deferred Revenue$700$21,361▲ $20,661
Total Liabilities$1,507,725$2,058,000▲ $550,275
Net Assets / Fund Balance
Unrestricted Net Assets$4,323,697$5,128,294▲ $804,597
Temporarily Rstr Net Assets$474,556$487,117▲ $12,561
Total Net Assets Fund Balance$4,798,253$5,615,411▲ $817,158
Total Liabilities and Net Assets / Fund Balance$6,305,978$7,673,411▲ $1,367,433

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$7,299$7,299
Other Assets Org$18,327--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ravi YalamanchiCEOFT$114,131$10,052$124,183

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$4,626,535
Program Service Revenue
$147,558
Investment Income
$97,890
Other Revenue
$0
All Other Contributions
$577,953
Change in Net Assets
$1,014,422

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,864,514
Revenue Not Reported on Financial Statements
$7,469
Revenue Not Reported on Form 990
$-24,364
Total Revenue per Audited Statements
$4,840,150
Total Revenue per Form 990
$4,871,983
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,763,497
Other Expenses$1,175,377
Salaries, Compensation, and Employee Benefits$918,687
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,763,497--$1,763,497
Other Salaries and Wages$609,907--$609,907
All Other Expenses$196,953$7,870-$204,823
Other Employee Benefits$127,457--$127,457
Current Officers, Directors, Trustees, and Key Employees$93,569$26,571-$120,140
Other Expenses$114,779--$114,779
Payroll Taxes$55,072--$55,072
Occupancy$49,691$2,308-$51,999
Office Expenses$42,800$1,478-$44,278
Fees for Services Accounting$23,096$2,774-$25,870
Conferences and Meetings$9,860$274-$10,134
Fees for Service Investment Mgmnt Fees-$7,469-$7,469
Travel$6,762$374-$7,136
Insurance$5,536$615-$6,151
Pension Plan Contributions$6,111--$6,111
Total Functional Expenses$3,807,828$49,733$0$3,857,561

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,022,992
Total Expenses per Form 990$3,857,561
Expenses per Audited Statements$3,850,092
Expenses Not Reported on Form 990$172,900
Expenses Not Reported on Financial Statements$7,469
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Shelter of FlintFlint, MI501c3Supportive Housing$801,061
Genesee County Cmhhealth SystemFlint, MIGovSupportive Housing$324,223
Genesee County Youth CorporationFlint, MI501c3Supportive Housing$236,481
MY BROTHER'S KEEPERFlint, MI501c3Supportive Housing$184,917
Resource GeneseeFlint, MI501c3Supportive Housing$100,203
Flint Odyssey HouseFlint, MI501c3Supportive Housing$52,314
Catholic CharitiesFlint, MI501c3Supportive Housing$33,525
Ywca Greater FlintFlint, MI501c3Supportive Housing$23,571
Flint NippFlint, MI501c3Supportive Housing$7,202
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
Advance on Grants$279,177
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
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 11B

The board of directors are provided a copy of the 990 at one of the board meetings. At this meeting the board will discuss and review the 990 to see if any changes need to be made.

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

All employees/directors are required to disclose any potential conflicts of interest to the board of directors. Potential transactions with a party of confliciting interests will be reviewed thoroughly by the board. They will make a decision on whether the transaction would be in the best interest of the organiation.

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

The compensation for the ceo is determined by the executive committee and voted on by the board. In this decision there is a performance evaluation completed.

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

All other employees compensation is determined by the ceo. The ceo completes performance evaluations on the employees and also looks at funding availability and grants to determine the appropriate compensation.

Form 990, Page 6, Part VI, Line 19

Metro community development, inc. Has their financial statements, by-laws, conflict of interest policy, and other governing documents available upon request.

Filing and Contact Details

Filer

Filer Name
Metro Community Developmentinc
EIN
38-3072010
Phone
8107674622
Address
503 SOUTH SAGINAW STREET SUITE 804, FLINT, MI 48502

Signing Officer

Name
Ravi Yalamanchi
Title
CEO
Phone
8107674622
Signed
2015-10-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ravi Yalamanchi
Formed
1992
Legal Domicile
Mi
Voting Board Members
17
Independent Board Members
17
Employees
21
Volunteers
17

Preparer

Firm
Yeo & Yeo Pc
Address
822 CENTENNIAL WAY STE 250, LANSING, MI 48917
Preparer
Mark R Perry
Phone
5173239500
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To serve as a leader and catalyst to expand and enhance quality housing and community development initiatives for underserved people and communities and to develop partnerships in flint and genesee county, leading to the creation of stable and vibrant neighborhoods and communities.

Form 990, Page 2, Part III, Line 4C

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.

Form 990, Page 2, Part III, Line 4D

Provide assistance to low income families in obtaining home ownership.

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$18.4$7.60$10.8$6.58$4.88$1.70
2024Detailed filing. Detailed filing data is available for this year.$17.9$8.95$8.99$6.16$6.16$0.01
2023Detailed filing. Detailed filing data is available for this year.$17.7$8.85$8.81$4.45$4.18$0.28
2022Detailed filing. Detailed filing data is available for this year.$15.5$7.03$8.49$4.63$4.68$0.05
2021Detailed filing. Detailed filing data is available for this year.$15.0$5.76$9.27$4.98$4.03$0.95
2020Detailed filing. Detailed filing data is available for this year.$12.2$4.51$7.73$4.29$4.41$0.12
2019Detailed filing. Detailed filing data is available for this year.$12.4$4.37$8.03$4.38$4.15$0.23
2018Detailed filing. Detailed filing data is available for this year.$10.5$2.62$7.85$4.45$3.42$1.03
2017Detailed filing. Detailed filing data is available for this year.$9.20$2.34$6.86$3.96$3.54$0.42
2016Detailed filing. Detailed filing data is available for this year.$8.59$2.25$6.33$4.51$3.68$0.82
2015Detailed filing. Detailed filing data is available for this year.$7.67$2.06$5.62$4.87$3.86$1.01
2014Detailed filing. Detailed filing data is available for this year.$6.31$1.51$4.80$4.18$3.81$0.37
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.32$1.14$4.18$4.64$3.39$1.24
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.92$1.99$2.92$3.46
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.75$0.20$2.55$3.95