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Maynard Road Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 205952774 ✦ Meriden, CT ✦ Designated as a 501(c)(3)

Overview

What is Maynard Road Corporation?

Maynard Road Corporation is a nonprofit organization located in Meriden, Connecticut. Their primary mission is to develop affordable housing with energy-efficient improvements in the city of Meriden and surrounding communities within the state. Currently, they are in the predevelopment phase of a low-income housing project. The organization aims to contribute positively to the community by providing sustainable and affordable living solutions.


Is Maynard Road Corporation legitimate?

Maynard Road Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Maynard Road 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $502,023

For more financial information, click here


What is the mission statement of Maynard Road Corporation?
Who is the CEO of Maynard Road Corporation?
What is the revenue of Maynard Road Corporation?
Who are the executives of Maynard Road Corporation and what are their salaries?
Where can I find the form 990 for Maynard Road Corporation?

Mission Statement of Maynard Road Corporation

Maynard Road Corporation, a nonprofit organization, is committed to achieving its mission of developing affordable housing in the City of Meriden and surrounding communities across Connecticut. This mission is further enhanced by incorporating improvements in alternative energy sources. By taking on this task, Maynard Road Corporation aims to make a significant impact on the lives of many, ensuring that housing remains an affordable option for all. In the predevelopment phase of redevelopment, the organization is currently operating a low-income housing project. This project signifies Maynard Road Corporation's dedication to improving living conditions and contributing positively to the local community.

Impact

This information is meant to be a general summary of Maynard Road Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Maynard Road Corporation's impact is centered around developing affordable housing with alternative energy improvements in the city of Meriden and surrounding communities in the state of Connecticut. They operate a low-income housing project in the predevelopment phase of redevelopment, aiming to address the need for decent and affordable housing in the region. By focusing on sustainable practices and energy efficiency, Maynard Road Corporation contributes to creating more environmentally friendly and economically feasible housing options for individuals and families in need. Their work aligns with their mission to provide affordable housing while also promoting the use of renewable energy sources in the community.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $0
  • Program Service Revenue: $4,755,791
  • Gross Receipts: $4,755,791

    • Assets and Liabilities:
  • Total Assets: $10,453,676
  • Total Liabilities: $1,522,220
  • Net Assets: $8,931,456
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    DEVELOPMENT FEES

    Revenue

    $4,738,224

    MAYNARD ROAD RENTAL INCOME

    Revenue

    $17,567

    Organization Details

    Founding Year

    2006

    Principal Officer

    Robert V Cappelletti

    Main Address

    22 CHURCH ST PO BOX 911, MERIDEN, CT, 06451

    NTEE Category

    Code: L20 - Housing

    If you are a representative of Maynard Road Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.