Overview
What is Maple Grove Development Corporation?
Maple Grove Development Corporation is a nonprofit organization, established in Champaign, Illinois, specifically at 2008 N Market St. Their primary mission is to foster, develop, and manage low-income and affordable housing, collaborating with ancillary support services. These services aim to provide a safe, decent, and quality living environment for individuals with limited resources, striving for an improved lifestyle. The corporation operates with a focus on a particular project named MGDC Washington, which involves the ownership and operation of 104 units of low-income housing for the elderly.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Stars)
Maple Grove Development Corporation has received a solid Three-Star rating from Charity Navigator, indicating a commendable level of accountability and financial health. The organization excels in various areas, particularly in having a fully independent board and a strong financial oversight mechanism, which is reflected in their high scores for independent board members and audit practices.
With a program expense ratio of 92%, the nonprofit demonstrates a strong commitment to channeling funds directly into its programs rather than administrative costs. This focus on effective financial management contributes positively to its overall score, ensuring that a significant portion of its income directly supports its mission.
However, the overall score is derived from a single beacon, with no ratings in other areas such as transparency or impact, which leaves some aspects of the organization unexamined. While Maple Grove Development Corporation shows robust financial practices, potential donors may want to consider looking into further details about its operational effectiveness and program outcomes.
This AI summary has been generated from information found on Charity Navigator.
Is Maple Grove Development Corporation legitimate?
Maple Grove Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Maple Grove 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $427,060
For more financial information, click here
What is the mission statement of Maple Grove Development Corporation?
Maple Grove Development Corporation's mission is centered around fostering and managing affordable housing for individuals with limited resources. This organization aims to provide safe, decent, and quality living environments to those in search of better living conditions. In addition to housing, Maple Grove Development Corporation offers ancillary support services to enhance the quality of life for these individuals. One of their key projects involves managing 104 units of low-income housing for the elderly.
Who is the CEO of Maple Grove Development Corporation?
Dr Grant Henry is the Chairman of Maple Grove Development Corporation. The CEO's salary of Maple Grove Development Corporation is $0 and their total compensation is $197,920.
What is the revenue of Maple Grove Development Corporation?
Maple Grove Development Corporation's revenue in 2022 was $2,616,156.
Who are the executives of Maple Grove Development Corporation and what are their salaries?
There 7 volunteers at Maple Grove Development Corporation.
Here are 8 key members and their salaries (Maple Grove Development Corporation's CEO's salary is $0 and their total compensation is $197,920):
- Compensation: $0
- Related: $180,800
- Other: $17,120
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Maple Grove Development Corporation?
Maple Grove Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Maple Grove Development Corporation
Maple Grove Development Corporation is dedicated to fostering, developing, and managing low-income and affordable housing, alongside ancillary support services. Their mission is to provide safe, decent, and quality housing to individuals with limited resources, aiming to improve their living environment. By owning and operating 104 units of low-income housing for the elderly, known as MGDC Washington, this organization is committed to making a significant impact in the lives of those in need.
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Impact
July, 2024
Maple Grove Development Corporation's impact is significant in providing safe, decent, quality, affordable housing services to those of limited resources in search of a better living environment. Through their ownership and operation of 104 units of low-income housing for the elderly in Champaign, IL, known as MGDC Washington, they are directly contributing to addressing the housing needs of this vulnerable population. Their mission to foster, develop, and manage low-income and affordable housing, along with ancillary support services, underscores their commitment to improving the living conditions and well-being of individuals facing financial constraints. By offering affordable housing options and support services, Maple Grove Development Corporation plays a crucial role in enhancing the quality of life for those in need within the community.
This information is meant to be a general summary of Maple Grove 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: $11,781
- Program Service Revenue: $857,026
- Gross Receipts: $2,616,156
Assets and Liabilities:
- Total Assets: $19,613,600
- Total Liabilities: $7,987,180
- Net Assets: $11,626,420
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEES
Revenue
$6,973
RENTAL REVENUE
Revenue
$850,053
Organization Details
Founding Year
2014
Phone
(217) 378-7100Principal Officer
Dr Grant Henry
Main Address
2008 N MARKET ST, CHAMPAIGN, IL, 61822
NTEE Category
Code: L21 - Housing
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