Nonprofit · EIN 22-3073668
METRO WEST COLLABORATIVE DEVELOPMENT INC
Tax-exempt · NEWTON, MA 02458
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,442,264 | $5,652,433 | -$210,169 | $26,192,711 | $24,976,178 | $1,216,533 |
| December 31, 2023 | 990 | $1,385,698 | $1,861,146 | -$475,448 | $35,512,317 | $34,098,017 | $1,414,300 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,489,468
- of which government grants
- $1,224,578
- Program service revenue
- $1,696,230
- Investment income
- $2,191,342
- Net rental income
- $63,868
- Net gain from sales of assets
- $2,191,200
- Other revenue
- $65,224
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $153,019
- Other salaries and wages
- $854,294
- Salaries, compensation and benefits (total)
- $1,152,652
- Professional fundraising fees
- $0
- Legal fees
- $8,507
- Accounting fees
- $163,129
- Occupancy
- $394,148
- Depreciation
- $96,597
- Program services (functional)
- $1,588,642
- Management and general (functional)
- $4,063,791
Balance sheet and other
- Total assets, start of year
- $35,512,317
- Total assets, end of year
- $26,192,711
- Total liabilities, end of year
- $24,976,178
- Net assets, end of year
- $1,216,533
- Land, buildings and equipment
- $4,649,988
- Net assets without donor restrictions
- $1,207,480
- Net assets with donor restrictions
- $9,053
- Gross receipts
- $5,442,264
- Employees
- 13
- Volunteers
- 11
- Year formed
- 1990
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHARONE SMALL | DIRECTOR OF REAL ESTATE Highest-paid employee | 40 | $143,320 | $24,740 |
| CAITLIN MADDEN | EXECUTIVE DIRECTOR Officer | 39 | $148,118 | $4,901 |
| ALISA GARDNER-TODREAS | CHIEF OPERATING OFFICER Highest-paid employee | 40 | $115,690 | $0 |
| CHELSEA GAYLORD | SENIOR REAL ESTATE PROJECT MANAGER Highest-paid employee | 40 | $105,009 | $5,089 |
| CRISTINA AYALA | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| DORENA WONG-DELEON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| EUGENIA CHAPARRO | DIRECTOR (OUTGOING) Trustee or director | 1 | $0 | $0 |
| KALYANI DEVAJYOTI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARY CORTHELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MELINDA WALKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL SHERMAN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MICHELLE THOMAS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| OLGA YASINNIK | CLERK Trustee or director, Officer | 1 | $0 | $0 |
| PAUL BOUTON | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| PAULA DICKERMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT FLACK | SECRETARY (OUTGOING) Trustee or director, Officer | 1 | $0 |
| THELMA TITUS | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CAITLIN MADDEN | EXECUTIVE DIRECTOR Officer | 39 | $143,383 | $6,298 |
| SHARONE SMALL | DIRECTOR OF REAL ESTATE Highest-paid employee | 40 | $127,249 | $3,506 |
| ALISA GARDNER-TODREAS | CHIEF OPERATING OFFICER Highest-paid employee | 40 | $103,413 | $0 |
| PAUL BOUTON | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| CRISTINA AYALA | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL SHERMAN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ROBERT FLACK | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| EUGENIA CHAPARRO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARY CORTHELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DORENA WONG-DELEON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KALYANI DEVAJYOTI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PAULA DICKERMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THELMA TITUS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MELINDA WALKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| OLGA YASINNIK | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 79B CHAPEL ST, NEWTON, MA 02458-1010
- In care of
- % MICHAEL SHERMAN
- Principal officer (990 for 2024)
- CAITLIN MADDEN, 79-B CHAPEL STREET, NEWTON, MA 02458
- Signed the 990
- CAITLIN MADDEN, EXECUTIVE DIRECTOR
- Phone
- (617) 923-3505
- Website
- WWW.METROWESTCD.ORG
- Return prepared by
- COHNREZNICK ADVISORY LLC
Mission
WE COLLABORATE WITH METROWEST COMMUNITIES TO EXPAND HOUSING OPPORTUNITIES BY: I. BUILDING AND PRESERVING AFFORDABLE HOUSING II. HELPING FAMILIES FIND AND KEEP THEIR HOMES III. COUNSELING COMMUNITY LEADERS TO ACHIEVE THEIR HOUSING GOALS IV. ADVOCATING FOR SUPPORTIVE POLICY AND INVESTMENT
Program accomplishments
- IN 2024 METRO WEST CD COMPLETED THE CONSTRUCTION OF 44 AFFORDABLE HOUSING UNITS AND CONTINUED THE CONSTRUCTION OF 40 AFFORDABLE HOUSING UNITS. METRO WEST CD ALSO OVERSAW THE MANAGEMENT OF ITS' PORTFOLIO OF AFFORDABLE HOUSING UNITS AND HELD LOANS RELATED TO ITS' AFFORDABLE HOUSING DEVELOPMENTS.Expenses $490,841 · revenue $685,745
- METRO WEST CD PROVIDES ASSISTANCE TO HOUSEHOLDS IN SEARCH OF AFFORDABLE HOUSING. WE ALSO COORDINATE LOTTERIES AND TENANT/BUYER SELECTION ON BEHALF OF DEVELOPERS OF AFFORDABLE HOUSING THROUGHOUT MASSACHUSETTS. METRO WEST CD ALSO PROVIDES AFFORDABLE HOUSING MONITORING AND COMPLIANCE ASSISTANCE TO LANDLORDS AND MUNICIPALITIES AND MANAGES THE RESALE OF AFFORDABLE HOMEOWNERSHIP UNITS. METRO WEST CD ALSO ADMINISTERS EMERGENCY RENTAL AND DIRECT FINANCIAL ASSISTANCE TO HELP KEEP PEOPLE HOUSED.Expenses $708,675 · revenue $633,101
- METRO WEST CD SERVES AS THE THIRD-PARTY HOUSING CONSULTANT FOR A NUMBER OF MUNICIPALITIES WITHIN OUR TARGET AREA AND PROVIDES HOUSING-RELATED SERVICES, EDUCATION, AND PROGRAMMING.Expenses $389,126 · revenue $378,740
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 22-3073668
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1991
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L25Z)
- Assets (IRS master file)
- $26,192,711
- Income (IRS master file)
- $5,442,264
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,442,264 | $5,652,433 | $26,192,711 | IRS |
| 990 | December 2023 | $1,385,698 | $1,861,146 | $35,512,317 | XML |
| 990 | December 2022 | $1,743,878 | $1,695,743 | $17,809,934 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-3073668).
Questions about METRO WEST COLLABORATIVE DEVELOPMENT INC
- What is the EIN of METRO WEST COLLABORATIVE DEVELOPMENT INC?
- The employer identification number (EIN) of METRO WEST COLLABORATIVE DEVELOPMENT INC is 22-3073668.
- Is METRO WEST COLLABORATIVE DEVELOPMENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to METRO WEST COLLABORATIVE DEVELOPMENT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does METRO WEST COLLABORATIVE DEVELOPMENT INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of METRO WEST COLLABORATIVE DEVELOPMENT INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did METRO WEST COLLABORATIVE DEVELOPMENT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of METRO WEST COLLABORATIVE DEVELOPMENT INC?
- The 990 for the year ended December 31, 2024 names CAITLIN MADDEN.
- Who are the officers and directors of METRO WEST COLLABORATIVE DEVELOPMENT INC?
- The 990 for the year ended December 31, 2024 lists 17 people; 4 received compensation from the organization, the highest $143,320 (SHARONE SMALL, DIRECTOR OF REAL ESTATE).
- How much revenue does METRO WEST COLLABORATIVE DEVELOPMENT INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,442,264, expenses of $5,652,433 and total assets of $26,192,711 at year end.
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