Overview
What is Gmp Development Corp?
Gmp Development Corp, established in 2011, is a nonprofit organization situated in Marlborough, Massachusetts. Its primary mission is to provide safe, clean, and affordable housing for individuals with developmental disabilities, following the provisions of Section 202 of the National Housing Act of 1959. Regulated by the U.S. Department of Housing and Urban Development (HUD), Gmp Development Corp ensures that its rental charges and operating methods adhere to HUD's guidelines. The organization's goal is to serve the needs of developmentally disabled individuals in the Marlborough area.
Is Gmp Development Corp legitimate?
Gmp Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gmp Development Corp 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Gmp Development Corp?
Gmp Development Corp, as a nonprofit organization, is committed to serving the needs of individuals with developmental disabilities. Its primary mission is to provide them with safe, clean, and affordable housing in an undisclosed location. Established in 2011, Gmp Development Corp. operates under Section 202 of the National Housing Act of 1959, regulated by the U.S. Department of Housing and Urban Development (HUD) in terms of rental charges and operational methods. The organization's goal is to contribute positively to the lives of individuals with developmental disabilities, ensuring they have a suitable living environment.
Who is the CEO of Gmp Development Corp?
Sean Rose is the Chairman (Until 11/2021) of Gmp Development Corp. The CEO's salary of Gmp Development Corp is $0 and their total compensation is $165,954.
What is the revenue of Gmp Development Corp?
Gmp Development Corp's revenue in 2022 was $398,771.
Who are the executives of Gmp Development Corp and what are their salaries?
There 11 volunteers at Gmp Development Corp.
Here are 17 key members and their salaries (Gmp Development Corp's CEO's salary is $0 and their total compensation is $165,954):
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- Related: $165,429
- Other: $525
- Compensation: $0
- Related: $101,342
- Other: $25,227
Where can I find the form 990 for Gmp Development Corp?
Gmp Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Gmp Development Corp
Gmp Development Corp, a nonprofit corporation, is dedicated to serving the needs of individuals with developmental disabilities. Its mission is to provide them with safe, clean, and affordable housing in an unspecified location. Established in 2011, Gmp Development Corp aims to make a positive impact in the lives of these individuals by offering housing in two buildings, regulated by the U.S. Department of Housing and Urban Development (HUD) to ensure fair rent charges and operating methods. The organization's primary objective is to contribute to the well-being and independence of individuals with developmental disabilities.
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Impact
October, 2024
Gmp Development Corp plays a vital role in addressing the housing needs of individuals with developmental disabilities in the Marlborough, MA area. By providing safe, clean, and affordable housing, the organization significantly enhances the quality of life for its residents. The establishment, which includes twenty housing units within two buildings, is specifically designed to meet the unique requirements of this demographic under the guidelines of Section 202 of the National Housing Act of 1959.
This dedicated effort not only supplies essential shelter but also fosters a sense of community and belonging for individuals who often face challenges in accessing appropriate living arrangements. By being regulated by the U.S. Department of Housing and Urban Development (HUD), Gmp Development Corp ensures that its operations align with federal standards, maintaining affordable rent and proper management practices. Overall, the organization's impact extends beyond mere housing; it serves as a critical support system that empowers individuals with developmental disabilities to lead fulfilling lives in a supportive environment.
This information is meant to be a general summary of Gmp Development Corp. 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: $42
- Program Service Revenue: $398,729
- Gross Receipts: $398,771
Assets and Liabilities:
- Total Assets: $691,037
- Total Liabilities: $1,098,982
- Net Assets: -$407,945
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$398,729
Organization Details
Founding Year
2011
Phone
(508) 485-4227Principal Officer
Sean Rose
Main Address
65 BOSTON POST ROAD WEST NO 220, MARLBOROUGH, MA, 01752
NTEE Category
Code: L40 - Housing
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