CHICAGO METROPOLITAN HOUSING DEV C… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1982

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $10,077,517 Revenue: $11,605,143

CMHDC PROVIDES REVITALIZATION,DEVELOPMENT,FINANCING AND RENTALS OF LOW AND MODERATE INCOME HOUSING WITH EMPHASIS ON PROMOTING MIXED INCOME DEVELOPMENTS AND COMMUNITIES

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

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

$225,658

Total Directors

Key Employees

$142,942

Highest Compensated

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

CHICAGO METROPOLITAN HOUSING DEV CORP