Nonprofit · EIN 93-1078543
METROPOLITAN AFFORDABLE HOUSING CORPORATION
Tax-exempt · EUGENE, OR 97440
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $9,994,746 | $6,101,503 | $3,893,243 | $45,183,762 | $19,124,603 | $26,059,159 |
| December 31, 2023 | 990 | $7,807,931 | $4,865,738 | $2,942,193 | $38,014,341 | $15,931,871 | $22,082,470 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $5,345,530
- of which government grants
- $4,725,379
- Program service revenue
- $4,274,181
- Investment income
- $153,470
- Net income from fundraising events
- -$18,642
- Other revenue
- $221,565
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $413,187
- Other salaries and wages
- $1,225,063
- Salaries, compensation and benefits (total)
- $1,932,887
- Professional fundraising fees
- $0
- Legal fees
- $30,622
- Accounting fees
- $48,919
- Occupancy
- $1,052,283
- Depreciation
- $1,228,728
- Program services (functional)
- $5,369,847
- Management and general (functional)
- $572,500
- Fundraising (functional)
- $159,156
Balance sheet and other
- Total assets, start of year
- $38,014,341
- Total assets, end of year
- $45,183,762
- Total liabilities, end of year
- $19,124,603
- Net assets, end of year
- $26,059,159
- Land, buildings and equipment
- $32,162,067
- Net assets without donor restrictions
- $19,416,696
- Net assets with donor restrictions
- $6,642,463
- Gross receipts
- $10,013,388
- Employees
- 28
- Volunteers
- 45
- Year formed
- 1991
- State of legal domicile
- OR
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 |
|---|---|---|---|---|
| DARCY PHILLIPS | EXECUTIVE DI Officer | 40 | $141,969 | $16,543 |
| MICHELLE MARTIN | CFO Officer | 40 | $120,583 | $11,008 |
| MICHELLE CADY | OPERATIONS D Officer | 40 | $111,005 | $12,080 |
| PHIL FARRINGTON | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| CARL YEH | VICE PRESIDE Trustee or director, Officer | 2 | $0 | $0 |
| JEFFERY YODER | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| MARIO CONTE | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| AMBER ALEXANDER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| HOLLY BICK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JILLIAN DREWES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SARAH MEANS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANDREA VOORHEES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JULIE WEISMANN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DARCY PHILLIPS | EXECUTIVE DI Officer | 40 | $134,788 | $9,645 |
| MICHELLE MARTIN | CFO Officer | 40 | $115,453 | $7,767 |
| MICHELLE CADY | OPERATIONS D Officer | 40 | $100,737 | $9,174 |
| VICKI GRAY | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| RICK LARSON | VICE PRESIDE Trustee or director, Officer | 2 | $0 | $0 |
| JEFFERY YODER | TREASURER EF Trustee or director, Officer | 2 | $0 | $0 |
| B DEAN HUBER | TREASURER UN Trustee or director, Officer | 2 | $0 | $0 |
| AMBER ALEXANDER | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| HOLLY BICK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SARAH MEANS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANDREA VOORHEES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PHIL FARRINGTON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARIO CONTE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CARL YEH | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PAT WALSH | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| YARELI MORENO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JILLIAN DREWES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 11923, EUGENE, OR 97440-4123
- Principal officer (990 for 2024)
- DARCY PHILLIPS, PO BOX 11923, EUGENE, OR 97440
- Signed the 990
- JEFFERY YODER, TREASURER
- Phone
- (541) 683-1751
- Return prepared by
- JONES & ROTH PC
Mission
PROVIDE QUALITY, AFFORDABLE HOUSING FOR PEOPLE LIVING ON LIMITED INCOMES, AND OFFER SERVICES THAT PROMOTE OPPORTUNITIES FOR PERSONAL GROWTH AND ECONOMIC INDEPENDENCE.
Program accomplishments
- PROPERTY OPERATIONS AND MANAGEMENT: METROPOLITAN AFFORDABLE HOUSING CORPORATION D.B.A. CORNERSTONE COMMUNITY HOUSING (CORNERSTONE) IS DEDICATED TO DEVELOPING AFFORDABLE HOUSING COMMUNITIES THAT PROVIDE SAFE, STABLE, AND SUPPORTIVE ENVIRONMENTS FOR RESIDENTS. BY COMBINING HOUSING DEVELOPMENT WITH COMPREHENSIVE RESIDENT SERVICES, CORNERSTONE NOT ONLY ADDRESSES THE IMMEDIATE HOUSING NEEDS BUT ALSO PROMOTES LONG-TERM STABILITY AND GROWTH FOR THE RESIDENTS WE SERVE.Expenses $3,506,000 · revenue $3,272,136
- RESIDENT SERVICES: CORNERSTONE PROVIDES COMPREHENSIVE SUPPORT TO ENHANCE THE WELL-BEING AND STABILITY OF THE RESIDENTS WE SERVE. WE OFFER A VARIETY OF RESIDENT SERVICES DESIGNED TO ADDRESS THE UNIQUE NEEDS OF OUR DIVERSE POPULATION, WHICH INCLUDES FAMILIES, SENIORS, VETERANS, AND INDIVIDUALS OVERCOMING CHALLENGES SUCH AS DOMESTIC VIOLENCE AND SUBSTANCE ABUSE RECOVERY. OUR SERVICES INCLUDE FINANCIAL EDUCATION, JOB TRAINING, HEALTH AND WELLNESS PROGRAMS, YOUTH ACTIVITIES, AND FOOD DISTRIBUTION. HOUSEHOLDS SERVED REPRESENT LARGELY DIVERSE CULTURES THAT INCLUDE AFRICAN AMERICAN, HISPANIC, AMERICAN INDIAN, ASIAN, AND MULTI-RACIAL BACKGROUNDS.Expenses $1,626,932 · revenue $1,002,045
- HOUSING DEVELOPMENT: OUR DEVELOPMENT PROGRAM FOCUSES ON CREATING HIGH- QUALITY, SUSTAINABLE, AND INCLUSIVE HOUSING SOLUTIONS FOR INDIVIDUALS AND FAMILIES WITH LOW TO MODERATE INCOMES. WE ACHIEVE THIS THROUGH STRATEGIC PARTNERSHIPS, INNOVATIVE FINANCING, AND A COMMITMENT TO EXCELLENCE IN DESIGN AND CONSTRUCTION. WE ARE DEDICATED TO EXPANDING OUR REACH AND ENHANCING THE QUALITY OF LIFE FOR THE COMMUNITIES WE SERVE, ENSURING ACCESS TO SAFE, AFFORDABLE, AND SUPPORTIVE HOUSING.Expenses $236,915
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
- 93-1078543
- 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
- 1992
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Unknown (Z99Z)
- Assets (IRS master file)
- $45,183,762
- Income (IRS master file)
- $10,013,388
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $9,994,746 | $6,101,503 | $45,183,762 | XML |
| 990 | December 2023 | $7,807,931 | $4,865,738 | $38,014,341 | XML |
| 990 | December 2022 | $2,391,383 | $2,306,518 | $29,369,753 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 93-1078543).
Questions about METROPOLITAN AFFORDABLE HOUSING CORPORATION
- What is the EIN of METROPOLITAN AFFORDABLE HOUSING CORPORATION?
- The employer identification number (EIN) of METROPOLITAN AFFORDABLE HOUSING CORPORATION is 93-1078543.
- Is METROPOLITAN AFFORDABLE HOUSING CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to METROPOLITAN AFFORDABLE HOUSING CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does METROPOLITAN AFFORDABLE HOUSING 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 AFFORDABLE HOUSING CORPORATION 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 METROPOLITAN AFFORDABLE HOUSING CORPORATION 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 METROPOLITAN AFFORDABLE HOUSING CORPORATION?
- The 990 for the year ended December 31, 2024 names DARCY PHILLIPS.
- Who are the officers and directors of METROPOLITAN AFFORDABLE HOUSING CORPORATION?
- The 990 for the year ended December 31, 2024 lists 13 people; 3 received compensation from the organization, the highest $141,969 (DARCY PHILLIPS, EXECUTIVE DI).
- How much revenue does METROPOLITAN AFFORDABLE HOUSING CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $9,994,746, expenses of $6,101,503 and total assets of $45,183,762 at year end.
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