Minnesota · Nonprofit
GREATER METROPOLITAN HOUSING CORPORATION
GREATER METROPOLITAN HOUSING CORPORATION (Minnesota) receives grants from 12 organizations whose IRS filings report $789,769 to it, the largest being TARGET FOUNDATION ($245,200). 8 of them have funded it in more than one year.
- Revenue FY2024
- $4.8M
- Funders on record
- 12
- Grants received
- $790k
- Net assets
- $-365241
What Greater Metropolitan Housing Corporation does
Mission
To preserve, improve, and increase affordable housing for low and moderate income individuals and families, assist communities with housing revitalization as well as create and carry out demonstration projects.
As stated on its FY2024 Form 990.
Programs
Single family homeownership program gmhc builds and renovates single family homes in the inner-city of minneapolis, st. Paul and various suburban communities. The majority of homes are sold to persons with incomes at or below 80% of the median income and first-time homebuyers. Financing tools are available to make these homes affordable. This program provides among other things: homeownership opportunities for individuals often previously left out of the ownership marketplace, stability and increased property values to neighborhoods, additional tax revenue for the city and county, and jobs during construction. The homes are built in cooperation with various cities, counties, minnesota housing and neighborhood development corporations.
$1,792,866 spent$997,182 earned by the program77% of program spendingNew market tax credit program this is an expansion of gmhc's single family homeownership program. Gmhc has obtained dedicated tax-credit financing from a pool of outside investors to acquire, rehab and/or construct single-family homes in qualified areas in the local community, and sell at least 20% of such homes to low-income persons. The benefits of this program are similar to the single family program.
$459,956 spent$432,410 earned by the program20% of program spendingSustainable home ownership program (shop home mortgage (tm)) in partnership with dayton's bluff neighborhood services, gmhc created shop home mortgage. Shop's proprietary product was the bridge to success contract-for-deed program, an innovative and flexible credit facility funded by public and socially responsible investors that offered prudent, affordable credit to borrowers no longer served by mainstream credit markets. The 10-year contract-for-deed was for people who had the financial capacity to purchase a home but who had been unable to qualify for bank financing due to poor credit history, bankruptcy, foreclosure, or not understanding the financial process. The program allowed buyers who had addressed their credit issues to purchase a home then and supported them through a personal financial plan, individual counseling, and home buyer education. The goal for the buyers remaining in a contract-for-deed was and still is to restore their credit and improve their financial habits so that the contract-for-deed can be refinanced into an fha or conventional fixed-rate loan product within ten years. As a result of the efforts of shop staff, counselors and our servicer, community…
$61,498 spent$22,144 earned by the program3% of program spendingPredevelopment revolving loan fund this program began in 1992 and since then has provided over $74 million in project financing, mainly through seed money averaging 3% of total development costs for the projects. Since 1992, the program has funded over 600 projects which built out over 26,000 housing units, with total build out costs of $2.4 billion. Under this program, gmhc provided technical assistance and high-risk predevelopment (seed) loans to organizations to assist in the development of quality affordable housing. These loans covered expenses such as architectural fees, surveys, environmental and soil testing, land costs, consultants, etc., as well as bridge loans. Gmhc also administered the funding during the predevelopment phase. This program no longer makes new loans, and has 2 long-term loan receivables to collect.
$0 spent0% of program spending
The 4 programs described on its FY2023 Form 990, listed largest first by expense. Program spending in total: $2,314,320.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2019 to 2020, from $9.2M to $5.4M (−42%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 5% · 2018 5% · 2019 6% · 2020 10% · 2021 34% · 2022 14% · 2023 34% · 2024 27%. Grants only. Government contracts and fees sit inside program revenue.
29% of GREATER METROPOLITAN HOUSING CORPORATION’s revenue is contributions — about as donation-reliant as the typical peer (39% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 6 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Eden Spencer
President/CEO
Board chair
Maureen O'Brien Wieser
Chair
As listed on its FY2024 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 3 funders to 5 funders, grant income rose $46k → $56k.
4 of 12 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 35% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of GREATER METROPOLITAN HOUSING CORPORATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
GREATER METROPOLITAN HOUSING CORPORATION leans on a few funders — its largest provides 31% of grant income and the top three 67%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
36% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund GREATER METROPOLITAN HOUSING CORPORATION.
Largest funder’s share by year: 2017 54% · 2018 100% · 2019 77% · 2020 87% · 2021 55% · 2022 37% · 2023 36% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
43% of GREATER METROPOLITAN HOUSING CORPORATION's funders are still giving 3 years after their first grant; 67% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
83% of GREATER METROPOLITAN HOUSING CORPORATION's grant income comes from Minnesota funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $274k arriving through sponsors registered in 4 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
GREATER METROPOLITAN HOUSING CORPORATION's funding base is broadening — from 3 funders to 5 as grant income climbed.
this organization peer median middle 50% of peers· 3,978 housing & shelter nonprofits $1M–$10M, FY2024
Organizations like GREATER METROPOLITAN HOUSING CORPORATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Minnesota
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
97% of spending goes to programs.
Governance
Public support
91%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 4 related entities
- Gmhc Holding LLC · disregarded
- Gmhcshop 2012 LLC · disregarded
- Shop 2012 LLC · partnership
- Chdcgmhc Collaborative LLC · partnership
Screen this organization
A dated, signed PDF of the compliance screen for GREATER METROPOLITAN HOUSING CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds GREATER METROPOLITAN HOUSING CORPORATION?
- GREATER METROPOLITAN HOUSING CORPORATION (Minnesota) receives grants from 12 organizations whose IRS filings report $789,769 to it, the largest being TARGET FOUNDATION ($245,200). 8 of them have funded it in more than one year.
- How many funders does GREATER METROPOLITAN HOUSING CORPORATION have?
- IRS filings report 12 organizations giving $789,769 in grants to GREATER METROPOLITAN HOUSING CORPORATION, 8 of which have funded it in more than one year.
- Who is the largest funder of GREATER METROPOLITAN HOUSING CORPORATION?
- TARGET FOUNDATION is the largest funder on record, with $245,200 in grants. The full list of funders is on this page.
- How can an organization like GREATER METROPOLITAN HOUSING CORPORATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Minnesota. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Greater Metropolitan Housing →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 12 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing