Nonprofit · EIN 47-2629213
METROPOLITAN HOUSING DEVELOPMENT CORPORATION
Also known as MHDC CLINTONVILLE INC
Tax-exempt (reinstated) · CHICAGO, IL 60603
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,847,905 | $2,619,476 | $228,429 | $5,282,764 | $4,531,759 | $751,005 |
| December 31, 2024 | 990 | $2,667,171 | $2,418,661 | $248,510 | $5,208,391 | $4,685,815 | $522,576 |
| December 31, 2023 | 990 | $2,307,852 | $2,272,741 | $35,111 | $5,054,485 | $4,780,419 | $274,066 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,844,317
- Investment income
- $3,588
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $764,246
- Salaries, compensation and benefits (total)
- $925,732
- Professional fundraising fees
- $0
- Accounting fees
- $15,550
- Occupancy
- $264,023
- Travel
- $2,951
- Depreciation
- $150,092
- Program services (functional)
- $2,619,476
Balance sheet and other
- Total assets, start of year
- $5,208,391
- Total assets, end of year
- $5,282,764
- Total liabilities, end of year
- $4,531,759
- Net assets, end of year
- $751,005
- Land, buildings and equipment
- $3,604,451
- Gross receipts
- $2,847,905
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2014
- State of legal domicile
- WI
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD GONZALEZ | CHAIRMAN OF THE BOARD Trustee or director, Officer | 1 | $0 |
| JOSE NAVARRO | SECRETARY Trustee or director, Officer | 1 | $0 |
| GILBERTO TORRES | PRESIDENT Trustee or director, Officer | 1 | $0 |
| PAUL KORLAPATI | TREASURER Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD GONZALEZ | CHAIRMAN OF THE BOARD Trustee or director, Officer | 1 | $0 |
| JOSE NAVARRO | SECRETARY Trustee or director, Officer | 1 | $0 |
| GILBERTO TORRES | PRESIDENT Trustee or director, Officer | 1 | $0 |
| PAUL KORLAPATI | TREASURER Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD GONZALEZ | PRESIDENT Trustee or director, Officer | 1 | $0 |
| JOSE NAVARRO | TREASURER Trustee or director, Officer | 1 | $0 |
| GILBERTO TORRES | SECRETARY Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 8 S MICHIGAN AVE STE 3100, CHICAGO, IL 60603-3267
- Principal officer (990 for 2025)
- GILBERT TORRES, 8 SOUTH MICHIGAN AVE, CHICAGO, IL 60603
- Signed the 990
- GILBERT TORRES, PRESIDENT
- Phone
- (920) 832-8094
- Return prepared by
- RUBINBROWN LLP
Mission
ASSIST IN PROVIDING LOW INCOME HOUSING
Program accomplishments
- DEVELOPMENT, SYNDICATION, MANAGEMENT OF LOW INCOME HOUSINGExpenses $2,619,476 · revenue $2,844,317
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 | 990 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
- 47-2629213
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Exempt since
- 1995
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S21Z)
- Group exemption
- 9507: METROPOLITAN HOUSING DEVELOPMENT CORPORATION
- Assets (IRS master file)
- $5,282,764
- Income (IRS master file)
- $2,847,905
Revocation and reinstatement
- Exemption revoked
- November 15, 2017
- Posted by the IRS
- March 12, 2018
- Reinstated
- Effective November 15, 2017
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $2,847,905 | $2,619,476 | $5,282,764 | IRS |
| 990 | December 2024 | $2,667,171 | $2,418,661 | $5,208,391 | XML |
| 990 | December 2023 | $2,307,852 | $2,272,741 | $5,054,485 | XML |
| 990 | December 2022 | $2,098,817 | $2,269,496 | $5,136,474 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 47-2629213).
Questions about METROPOLITAN HOUSING DEVELOPMENT CORPORATION
- What is the EIN of METROPOLITAN HOUSING DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of METROPOLITAN HOUSING DEVELOPMENT CORPORATION is 47-2629213.
- Is METROPOLITAN HOUSING DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS revoked its exemption on November 15, 2017 and reinstated it effective November 15, 2017.
- Which annual return does METROPOLITAN HOUSING DEVELOPMENT CORPORATION 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 METROPOLITAN HOUSING DEVELOPMENT CORPORATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did METROPOLITAN HOUSING DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of METROPOLITAN HOUSING DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 names GILBERT TORRES.
- Who are the officers and directors of METROPOLITAN HOUSING DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does METROPOLITAN HOUSING DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,847,905, expenses of $2,619,476 and total assets of $5,282,764 at year end.
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