Mission
TO ENGAGE IN ECONOMIC DEVELOPMENT BY REVITALIZING A SEVERELY ECONOMICALLY DISTRESSED COMMUNITY.
Public Charity
THE MET DEVELOPMENT INC
Based in LEXINGTON, KY, THE MET DEVELOPMENT INC operates as a Public Charity. The organization reported $1.4M in revenue, $1.3M in expenses, $26.1M in total assets for fiscal year 2024.
EIN: 832503851
LEXINGTON, KY
Economic Development
NTEE: S30
Latest filing: 2024
Total Revenue$1.4M
Total Expenses$1.3M
Total Assets$26.1M
Grant Records1
Filing Years2019–2024
Where $100 goes at The Met Development Inc
How The Met Development Inc divides every $100 it spends, from its own Form 990 filings, averaged across 5 years.
$99
Programs
the work itself
$1
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $99 for programs
$99
Development and leasing of infrastructure to provide affordable housing, healthy food, and affordable healthcare to a severely economically distressed community in Lexington, ky
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Officers & Directors
DIRECTOR
John Watz
PRESIDENT
Kevin Smith
DIRECTOR
William Moody
Officer compensation and complete director data available with membership.
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $1.4M | $1.3M | $26.1M |
| 2023 | $1.4M | $1.3M | $26.1M |
| 2022 | $1.4M | $1.3M | $26.0M |
| 2020 | $27K | $411K | $25.3M |
| 2019 | $5.0M | $33K | $17.3M |
Between 2019 and 2024, reported annual revenue declined from $5.0M to $1.4M (-72%), with total assets most recently reported at $26.1M.
Interactive year-over-year charts and full filing details available with membership.