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Maple Grove Development Corporation

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

EIN: 452396461 ✦ Champaign, IL ✦ Designated as a 501(c)(3)

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.


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.

Here 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?
Who is the CEO of Maple Grove Development Corporation?
What is the revenue of Maple Grove Development Corporation?
Who are the executives of Maple Grove Development Corporation and what are their salaries?
Where can I find the form 990 for Maple Grove Development Corporation?

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.

Impact

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.




Saturday, July 20, 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.





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: $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
  • 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

    Principal Officer

    Dr Grant Henry

    Main Address

    2008 N MARKET ST, CHAMPAIGN, IL, 61822

    NTEE Category

    Code: L21 - Housing

    If you are a representative of Maple Grove Development 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.