Metro Community Development Corporation

“Directors Lynn Faust and William Burger have a family relationship.”

“The organization has general members who elect the members of the board of directors which is the governing body.”

“In accordance with the Bylaws of the organization, the general members elect the members of the board of directors at the annual meeting of the general members.”

“The Clerk, who is both an Officer and Director, prepared Form 990 and its required Schedules. The Treasurer, who is both an Officer and Director, reviewed and signed Form 990 and its Schedules. A copy of Form 990 and its Schedules were made available to board members for their review before filing.”

“The Nominating and Personnel Committee of the board of directors reviews and approves compensation for the Executive Director. The last review of the Executive Director's compensation was in 2025. The Nominating and Personnel Committee also reviews and approves compensation for officers and key employees. No officer or employee earns more than $100,000. The full board of directors approves the operating budget for each fiscal year which includes compensation of the Executive Director and all other staff as part of personnel expenses.”

“The organization's Bylaws, which include the conflict of interest policy, are available to the public on the Public Charities Filing Search Website of the Non-Profit Organizations/Public Charities Division of the Massachusetts Office of the Attorney General. The organization makes its financial statements available to the public upon request.”

“MCDC utilizes volunteers to deliver some Financial Fitness program services and for some administration and fundraising. Per FAS 116, the fair market value of the specialized labor services donated by the volunteers was $61,000. This amount is not included in the revenue or expenses shown on Form 990.”