CHICAGO METROPOLITAN HOUSING DEV CORP

EIN: 363833156 501(c)(3) Housing & Shelter

CHICAGO, IL

Total Revenue
$11,605,143
Total Expenses
$10,858,875
Total Assets
$48,806,848
Net Assets
$1,439,710
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
IL
Principal Officer
RAFAEL LEON
Phone
3124221680
Tax Period
2024-01-01 to 2024-12-31

CHICAGO METROPOLITAN HOUSING DEV CORP, founded in 1982, is a mid-sized nonprofit in the Housing & Shelter sector that reported $11.6M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $10.9M left a modest 6% surplus.

Mission

CMHDCS MISSION IS TO RETAIN AND DEVELOP PROPERTIES WITH BOTH AFFORDABLE AND MARKET RATE HOUSING IN THE CHICAGO METROPOLITAN AREA . CMHDC TARGETS AREAS VULNERABLE TO AFFORDABLE HOUSING SHORTAGES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $10,590,107
Investment Income $45,441
Other Revenue $969,595
TOTAL REVENUE $11,605,143

Expense Breakdown

Grants Paid $0
Salaries & Benefits $779,307
Fundraising Expenses $0
Program Expenses $10,077,517
Other Expenses $10,079,568
TOTAL EXPENSES $10,858,875

Year-over-Year Comparison

2024 2023 Change
Revenue $11,605,143 $10,244,863 +0.1%
Expenses $10,858,875 $10,703,797 +0.0%
Net Income $746,268 $-458,934 -2.6%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
8
Employees
5
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$225,658
Total Directors
7
$0
Key Employees
1
$142,942
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RAFAEL LEON CHIEF EXECUTIVE OFFICER 40.00
Officer
$225,658 $0 $225,658
JACK MARKOWSKI DIRECTOR 1.00
Officer Director
$0 $0 $0
PAMELA DANIELS HALISI TREASURER/SECY 1.00
Officer Director
$0 $0 $0
STACIE YOUNG DIRECTOR 0.50
Director
$0 $0 $0
BRUCE MARTIN PRESIDENT/DIR 2.00
Officer Director
$0 $0 $0
THEODORE WELDON III DIRECTOR 0.50
Director
$0 $0 $0
MARLA KAIDEN DIRECTOR 0.50
Director
$0 $0 $0
GUACOLA REYES DIRECTOR 0.50
Director
$0 $0 $0
RUSSELL RYDIN CHIEF OPERATING OFFICER 40.00
Key Emp
$142,942 $0 $142,942
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $11,605,143 $10,858,875 $48,806,848 $746,268
2023 $10,244,863 $10,703,797 $48,754,400 $-458,934
2022 $7,582,720 $10,037,514 $43,424,601 $-2,454,794
2021 $7,394,940 $9,504,804 $46,092,100 $-2,109,864
2020 $7,251,349 $9,352,505 $49,528,293 $-2,101,156
2019 $7,237,656 $8,944,803 $47,113,594 $-1,707,147
2018 $7,601,243 $9,536,075 $46,142,621 $-1,934,832
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