Metro West Collaborative Development Inc

Organization Overview

Metro West Collaborative Development Inc is located in Newton, MA. The organization was established in 1991. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Metro West Collaborative Development Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Metro West Collaborative Development Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Metro West Collaborative Development Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.0% each year . All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 19.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO ORGANIZE RESIDENTS, MOBILIZE RESOURCES, AND IDENTIFY IDEAS THAT IMPROVE THE QUALITY OF LIFE FOR RESIDENTS OF METRO WEST COMMUNITIES. WE ACCOMPLISH THIS BY:1) CREATING AND PRESERVING AFFORDABLE HOMES2) SUPPORTING ECONOMIC DEVELOPMENT THAT STRENGTHENS NEIGHBORHOODS, TOWNS AND OUR REGION3) BUILDING ALLIANCES WITH PARTNERS AND CONSTITUENCIES THROUGHOUT THE REGION IN ORDER TO INCREASE AWARENESS AND BUILD SUPPORT FOR COMMUNITY DEVELOPMENT

Describe the Organization's Program Activity:

Part 3 - Line 4a

METRO WEST CD SEEKS TO ENGAGE RESIDENTS IN LOCAL PLANNING AND DECISION MAKING THAT EFFECTS THEIR NEIGHBORHOODS. RENTAL ACTIVITY FOR HERRING BROOK HILL LLC IS INCLUDED IN THIS PROGRAM.


METRO WEST CD SEEKS TO COMPLETE THE CONSTRUCTION OF 48 UNITS OF AFFORDABLE HOUSING, RECEIVE ALL FINANCING FOR AN ADDITIONALLY PERMITTED 44 UNITS AND OBTAIN ZONING APPROVAL FOR A NEW 40+ UNITS IN 2021.


METRO WEST CD PROVIDES REFERRALS TO HOUSEHOLDS IN SEARCH OF AFFORDABLE HOUSING. WE ALSO COORDINATE LOTTERIES AND TENANT/BUYER SELECTION ON BEHALF OF DEVELOPERS OF AFFORDABLE HOUSING THROUGHOUT MASSACHUSETTS. DURING THE PANDEMIC, METRO WEST CD ADMINISTERED NEARLY $5 MILLION OF EMERGENCY RENTAL ASSISTANCE TO OVER 500 HOUSEHOLDS ON BEHALF OF SEVEN MUNICIPALITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Jennifer Van Campen
Executive Director (until 12/1/21)
$109,388
Caitlin Madden
Executive Director
$64,122
Suneeth John
President
$0
Mike Sherman
Treasurer
$0
Bob Flack
Clerk
$0
Dorena Wong-Deleon
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Meander Studio Inc
Architectural Services
$308,671
Dellbook Jks
General Contractor
$1,111,744
Curtis Construction Company
General Contractor
$246,002
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$13,247
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $389,695
All other contributions, gifts, grants, and similar amounts not included above$119,729
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$522,671
Total Program Service Revenue$1,122,515
Investment income $439
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,645,625

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Metro West Collaborative Development Inc has recieved totaling $205,000.

Awarding OrganizationAmount
Watertown Community Foundation Inc

Watertown, MA

PURPOSE: EMERGENCY RENTAL ASSISTANCE

$155,000
Cambridge Savings Charitable Foundation Inc

Cambridge, MA

PURPOSE: EXEMPT PURPOSE

$40,000
Eastern Bank Charitable Foundation

Lynn, MA

PURPOSE: EXEMPT PURPOSE

$10,000
View Grant Recipient Profile

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