Overview
What is Mapleton Fall Creek Development Corporation?
Mapleton Fall Creek Development Corporation is a nonprofit organization committed to fostering partnerships within its community. Their primary goal is to revitalize, stimulate, and invest resources to rebuild an affordable, safe, and vital neighborhood. They accomplish this by connecting various community partners to provide assistance, serve, and help rejuvenate the area. Although the specific programs or initiatives they undertake are not detailed in the provided information, it's clear that their mission is to mobilize resources and collaborate with local entities to improve the living conditions and overall well-being of the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86%, Three-Star out of Four Star rating.
The Mapleton Fall Creek Development Corporation has received an overall score of 86%, reflecting strong performance primarily in accountability and finance. The organization excels in maintaining an independent board, with 100% of board members being independent, and demonstrates rigorous financial oversight through its established audit and oversight committee. It also has proactive policies in place regarding conflict of interest, whistleblower protection, and document retention, ensuring a high level of governance.
On the financial side, the program expense ratio is notably high at 93.30%, indicating that a significant portion of its funding is directed towards its programs. However, the organization has a liabilities to assets ratio of 60.21%, which suggests that a substantial part of its assets are financed through liabilities, potentially indicating some level of financial risk. While this is an area to watch, the lack of material diversion of assets and solid financial controls highlight the organization's commitment to accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Mapleton Fall Creek Development Corporation legitimate?
Mapleton Fall Creek Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mapleton Fall Creek 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $123,333
Professional Fundraising Fees: $0
Other Salaries and Wages: $70,164
For more financial information, click here
What is the mission statement of Mapleton Fall Creek Development Corporation?
The Mapleton Fall Creek Development Corporation's mission is centered around connecting neighborhood partners to facilitate help, service, revitalization, stimulation, and investment of resources. Their primary objective is to rebuild an affordable, safe, and vital community. They aim to achieve this by serving as a platform for collaboration, stimulating growth, and investing in resources to enhance the community's livability.
Who is the CEO of Mapleton Fall Creek Development Corporation?
David Bacon is the Director of Mapleton Fall Creek Development Corporation. The CEO's salary of Mapleton Fall Creek Development Corporation is $123,333 and their total compensation is $123,333.
What is the revenue of Mapleton Fall Creek Development Corporation?
Mapleton Fall Creek Development Corporation's revenue in 2022 was $521,972.
Who are the executives of Mapleton Fall Creek Development Corporation and what are their salaries?
The average compensation at Mapleton Fall Creek Development Corporation during 2022 was $64,499. There are 3 employees and 18 volunteers at Mapleton Fall Creek Development Corporation.
Here are 18 key members and their salaries (Mapleton Fall Creek Development Corporation's CEO's salary is $123,333 and their total compensation is $123,333):
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Where can I find the form 990 for Mapleton Fall Creek Development Corporation?
Mapleton Fall Creek Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mapleton Fall Creek Development Corporation
Mapleton Fall Creek Development Corporation, a non-profit organization, is dedicated to connecting neighborhood partners with the aim of aiding, serving, revitalizing, stimulating, and investing resources to rebuild an affordable, safe, and vital community. By collaborating with various neighborhood entities, this corporation aims to contribute to the overall improvement and rejuvenation of the community, ensuring its sustainability and affordability for its residents.
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Impact
July, 2024
Mapleton Fall Creek Development Corporation plays a crucial role in connecting neighborhood partners to help, serve, revitalize, stimulate, and invest resources to rebuild an affordable, safe, and vital community in Indianapolis. Through its mission of rebuilding housing infrastructure and creating a more livable environment, the organization directly impacts the quality of life for residents in the area. By fostering collaboration and investment in the community, Mapleton Fall Creek Development Corporation is instrumental in promoting sustainable development and improving the overall well-being of the neighborhood.
This information is meant to be a general summary of Mapleton Fall Creek 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: -$6,672
- Program Service Revenue: $258,257
- Gross Receipts: $721,198
Assets and Liabilities:
- Total Assets: $2,627,027
- Total Liabilities: $1,581,828
- Net Assets: $1,045,199
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$191,813
DEVELOPMENT FEES
Revenue
$66,444
Organization Details
Founding Year
1985
Phone
(317) 923-5514Principal Officer
David Bacon
Main Address
3190 NORTH MERIDIAN STREET, INDIANAPOLIS, IN, 46208
NTEE Category
Code: L20 - Housing
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