Overview
What is Map Development Corporation?
Map Development Corporation is a nonprofit organization situated in Providence, Rhode Island, specifically at 66 Burnett Street. Their primary mission is to provide permanent housing for economically challenged individuals who are also disabled. They are involved in the development and operation of a Section 811 HUD-assisted low-income housing project, which currently accommodates ten units. The goal of this organization is to offer a stable living environment for those in need, contributing positively to the local community.
Is Map Development Corporation legitimate?
Map Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Map Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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What is the mission statement of Map Development Corporation?
The Map Development Corporation's mission is centered around providing permanent housing solutions for economically challenged and disabled individuals. Their primary objective is to develop and operate a Section 811 HUD-assisted low-income housing project, which currently consists of ten units. This organization is dedicated to improving living conditions for those in need, offering them a stable and secure living environment.
Who is the CEO of Map Development Corporation?
William Rose is the Vice Preside of Map Development Corporation.
What is the revenue of Map Development Corporation?
Map Development Corporation's revenue in 2022 was $164,168.
Who are the executives of Map Development Corporation and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Map Development Corporation?
Map Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Map Development Corporation
Map Development Corporation, as a mission-driven organization, is committed to providing permanent housing solutions for economically challenged and disabled individuals. Their primary objective is to develop and operate a Section 811 HUD-assisted low-income housing project, featuring ten units. By offering this type of housing, Map Development Corporation aims to make a significant impact on the lives of those in need, providing them with a secure and stable living environment.
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Impact
October, 2024
Map Development Corporation significantly impacts the local community by providing permanent housing solutions for economically challenged individuals and persons with disabilities. By developing and operating a Section 811 HUD-assisted low-income housing project that offers ten dedicated units, the organization addresses critical housing shortages for vulnerable populations in Providence, RI. This initiative not only facilitates stable living conditions but also promotes independence and improves the quality of life for residents. The availability of affordable housing options is vital for fostering a more inclusive community, ensuring that those with the greatest needs have access to safe and supportive living environments. Through its mission, Map Development Corporation plays a crucial role in enhancing social equity and contributing to community development efforts.
This information is meant to be a general summary of Map Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $6
- Program Service Revenue: $18,419
- Gross Receipts: $164,168
Assets and Liabilities:
- Total Assets: $780,909
- Total Liabilities: $1,306,249
- Net Assets: -$525,340
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT, NET OF VACANCIES
Revenue
$18,419
Organization Details
Founding Year
1997
Phone
(401) 785-0050Principal Officer
William Rose
Main Address
66 BURNETT STREET, PROVIDENCE, RI, 02907
NTEE Category
Code: L200 - Housing
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