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Nonprofit · EIN 58-1906927

METROPOLITAN HOUSING AND COMMUNITY DEVELOPMENT CORPORATION

Tax-exempt · WASHINGTON, NC 27889

Financials

$627K$877K2023$691K$662K2024$738K$745K2025
Revenue Expenses · by fiscal year end
Financials of METROPOLITAN HOUSING AND COMMUNITY DEVELOPMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$737,654$745,273-$7,619$3,995,024$2,161,723$1,833,301
December 31, 2024990$691,192$661,979$29,213$4,138,066$2,297,146$1,840,920
December 31, 2023990$627,334$876,940-$249,606$4,192,815$2,381,108$1,811,707
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$396,960
of which government grants
$272,671
Program service revenue
$228,358
Investment income
$107,560
Net gain from sales of assets
$103,069
Other revenue
$4,776

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$260
Accounting fees
$17,565
Occupancy
$46,280
Travel
$302
Depreciation
$176,418
Program services (functional)
$682,708
Management and general (functional)
$62,565

Balance sheet and other

Total assets, start of year
$4,138,066
Total assets, end of year
$3,995,024
Total liabilities, end of year
$2,161,723
Net assets, end of year
$1,833,301
Land, buildings and equipment
$2,751,514
Net assets without donor restrictions
$1,833,301
Gross receipts
$824,585
Employees
0
Volunteers
7
Year formed
1990
State of legal domicile
NC

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.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
JOSEPH MOORECOO
Officer
10$0$95,886$5,244
JAMES MOORECEO
Officer
25$0$85,015$2,971
ERIC WHITAKERBOARD CHAIR
Trustee or director, Officer
1$0$0$0
GARRICK WITHERSPOONVICE CHAIR
Trustee or director, Officer
1$0$0$0
MILDRED RANDOLPHTREASURER
Trustee or director, Officer
1$0$0$0
JOYCE O'NEALSECRETARY
Trustee or director, Officer
1$0$0$0
SOLOMON ORE JRDIRECTOR
Trustee or director
1$0$0$0
PAULA MCCULLOUGHDIRECTOR
Trustee or director
1$0$0$0
ERNEST REESE JRDIRECTOR
Trustee or director
1$0$0$0
990 for the year ended December 31, 2024: 8 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
JOSEPH MOORECOO
Officer
10$0$92,253$17,670
JAMES MOORECEO
Officer
25$0$80,600$16,550
ERIC WHITAKERVICE CHAIR
Trustee or director, Officer
1$0$0$0
GARRICK WITHERSPOONBOARD CHAIR
Trustee or director, Officer
1$0$0$0
MILDRED RANDOLPHTREASURER
Trustee or director, Officer
1$0$0$0
JOYCE O'NEALSECRETARY
Trustee or director, Officer
1$0$0$0
SOLOMON ORE JRDIRECTOR
Trustee or director
1$0$0$0
PAULA MCCULLOUGHDIRECTOR
Trustee or director
1$0$0$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
JOSEPH MOORECOO
Officer
10$0$87,778$15,141
JAMES MOORECEO
Officer
25$13,486$75,500$6,428
ERIC WHITAKERBOARD CHAIR
Trustee or director, Officer
1$0$0$0
GARRICK WITHERSPOONVICE CHAIR
Trustee or director, Officer
1$0$0$0
MILDRED RANDOLPHTREASURER
Trustee or director, Officer
1$0$0$0
JOYCE O'NEALSECRETARY
Trustee or director, Officer
1$0$0$0
WATSI SUTTONDIRECTOR
Trustee or director
1$0$0$0
SOLOMON ORE JRDIRECTOR
Trustee or director
1$0$0$0
PAULA MCCULLOUGHDIRECTOR
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
PO BOX 1706, WASHINGTON, NC 27889-1706
Principal officer (990 for 2025)
ERIC WHITAKER, PO BOX 1706, WASHINGTON, NC 27889
Signed the 990
ERIC WHITAKER, BOARD CHAIR
Phone
(252) 945-9039
Return prepared by
BERNARD ROBINSON & COMPANY LLP

Mission

THE ORGANIZATION SEEKS TO RAISE THE ECONOMIC, EDUCATIONAL, AND SOCIAL LEVEL OF RESIDENTS OF THE SOUTHEASTERN UNITED STATES AND EXPANDS THE OPPORTUNITIES AVAILABLE TO THESE RESIDENTS TO OWN AND MANAGE BUSINESSES AND PURCHASE AFFORDABLE HOUSING.

990 for the year ended December 31, 2025

Program accomplishments

  • METROPOLITAN HOUSING AND COMMUNITY DEVELOPMENT CORPORATION RENOVATES AND BUILDS AFFORDABLE HOUSING FOR LOW INCOME FAMILIES IN THE SOUTHEASTERN UNITED STATES. THE CORPORATION ALSO OPERATES A BUSINESS INCUBATOR THAT SERVICES DISADVANTAGED BUSINESSES.
    Expenses $682,708 · revenue $233,134

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
58-1906927
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
1990
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$3,995,024
Income (IRS master file)
$824,585

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$737,654$745,273$3,995,024XML
990December 2024$691,192$661,979$4,138,066XML
990December 2023$627,334$876,940$4,192,815XML
990December 2022$812,117$804,272$4,294,469IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 58-1906927).

Questions about METROPOLITAN HOUSING AND COMMUNITY DEVELOPMENT CORPORATION

What is the EIN of METROPOLITAN HOUSING AND COMMUNITY DEVELOPMENT CORPORATION?
The employer identification number (EIN) of METROPOLITAN HOUSING AND COMMUNITY DEVELOPMENT CORPORATION is 58-1906927.
Is METROPOLITAN HOUSING AND COMMUNITY DEVELOPMENT CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
Are donations to METROPOLITAN HOUSING AND COMMUNITY DEVELOPMENT CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does METROPOLITAN HOUSING AND COMMUNITY 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 AND COMMUNITY 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 AND COMMUNITY 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 AND COMMUNITY DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2025 names ERIC WHITAKER.
Who are the officers and directors of METROPOLITAN HOUSING AND COMMUNITY DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2025 lists 9 people; 0 received compensation from the organization.
How much revenue does METROPOLITAN HOUSING AND COMMUNITY DEVELOPMENT CORPORATION have?
On its 990 for the year ended December 31, 2025 it reported revenue of $737,654, expenses of $745,273 and total assets of $3,995,024 at year end.

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