Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1991.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
28 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
17 people listed on the 990; $512K paid to officers and key staff.
Caitlin Madden’s $148K as Executive Director is at the 68th percentile of top reported officer pay among 2036 $1–10M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 5 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Caitlin Madden | $148,118 | $143,383 | $122,337 | $64,122 | — |
| Sharone Small | $143,320 | $127,249 | — | — | — |
| Alisa Gardner-Todreas | $115,690 | $103,413 | — | — | — |
| Jennifer Van Campen | — | — | — | $109,388 | $93,508 |
| Chelsea Gaylord | $105,009 | — | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Builds and preserves affordable housing, helps families find homes, and advises leaders on housing solutions.
Questions for Metro West Collaborative Development INC
Your first name shows with your question. Metro West Collaborative Development INC answers here, for everyone.
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Metro west CD provides assistance to households in search of affordable housing. We also coordinate lotteries and TENANT/BUYER selection on behalf of developers of affordable housing throughout massachusetts.
In 2024 metro west CD completed the construction of 44 affordable housing units and continued the construction of 40 affordable housing units. Metro west CD also oversaw the management of its' portfolio of affordable housing units and held loans related to its' affordable housing developments.
Metro west CD serves as the third-party housing consultant for a number of municipalities within our target area and provides housing-related services, education, and programming.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $2.0M | $1.5M |
| Land, buildings, equipmentLn 10c | $5.7M | $4.6M |
| Total assetsLn 16 | $35.5M | $26.2M |
| LiabilitiesLn 26 | $34.1M | $25.0M |
| Net assetsLn 32 | $1.4M | $1.2M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $153K | $125K | $28K | |
| Other salaries and wagesLn 7 | $854K | $697K | $158K | |
| Other employee benefitsLn 9 | $50K | $42K | $8K | |
| Payroll taxesLn 10 | $95K | $80K | $15K | |
| Management feesLn 11a | $25K | $25K | ||
| Legal feesLn 11b | $9K | $9K | ||
| Accounting feesLn 11c | $163K | $60K | $104K | |
| Other fees for servicesLn 11g | $81K | $32K | $49K | |
| Office expensesLn 13 | $42K | $39K | $3K | |
| OccupancyLn 16 | $394K | $374K | $20K | |
| Depreciation, depletion and amortizationLn 22 | $97K | $96K | $193 | |
| Other expenses (24a–d)Ln 24 | $3.7M | $934 | $3.7M | |
| All other expensesLn 24e | $38K | $18K | $20K | |
| Total functional expensesLn 25 | $5.7M | $1.6M | $4.1M | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $5.4M | $5.7M | −$210K | $1.2M | 990 PDF |
| FY2023 | $1.4M | $1.9M | −$475K | $1.4M | 990 PDF |
| FY2022 | $1.7M | $1.7M | $48K | $1.8M | 990 PDF |
| FY2021 | $1.6M | $1.5M | $168K | $1.9M | 990 PDF |
| FY2020 | $1.3M | $1.6M | −$218K | $1.2M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $5,442,264 revenue, 12 lines filed
Part VI · Governance 11 of 11 board members independent, no flags
Part VIII · Statement of revenue $5,442,264 across 8 lines filed
Part IX · Statement of functional expenses $5,652,433 across 13 lines filed
Part X · Balance sheet $26,192,711 assets, 17 lines filed
Part XI · Reconciliation of net assets $1,216,533 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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