Map Development Corporation EIN 05-0497077

Map Development Corporation

EIN  05-0497077 Public charity (501(c)(3)) Providence, RI Founded 1997
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Provides permanent housing for economically challenged, disabled individuals.
Leadership
William Rose · President
Money in and out
$200K revenue, $293K expenses
Bottom line
71% program efficiency

Provides permanent housing for economically challenged, disabled individuals. For fiscal year 2024 it reported $200K in revenue, $293K in expenses, and $-669K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$200K
Pt VIII · Ln 12
Total expenses
$293K
Pt IX · Ln 25
Net assets
$-669K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$93K
Where spending went · Part IX cols B–D
Program services $0.71 Management & general $0.29
Program efficiency
71%
of spending reaches programs▼ -5% vs prior filing year
Operating runway
5.8mo
months of highly liquid reserves at operating expense rate▲ +4% vs prior filing year
Surplus margin
-46%
revenue over expenses, this year▼ -5% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$200K
FY2024▲ +10%
Expenses
$293K
FY2024▲ +12%
Total assets
$644K
FY2024▼ -2%
Total liabilities
$1.3M
FY2024▼ -7%
Total revenue
$200K
Pt VIII · Ln 12
Total expenses
$293K
Pt IX · Ln 25
Net assets
$-669K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$93K
Total assetsPt X · Ln 16$644K
Program-expense ratioPt IX · col B71%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $209K of program spending, described in the organization's own filed words · FY2024.
01

Development and operation of a section 811 hud assisted low income housing project with ten units.

$209Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMap Development Corporation
EINHdr · item D05-0497077
Principal addressHdr · item CProvidence, RI
WebsiteHdr · item Jnone reported
Year of formationHdr · item L1997
State of legal domicileHdr · item MRI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L200)
Ruling yearIRS BMFMay 1998

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$163K · 81%
Program service revenue$38K · 19%
Contributions & grants81%$163K
Program service revenue19%$38K
Investment income$13
— government grantsLn 1e$134K
Total revenueLn 12$200K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.71 Management & general $0.29
Program services71%$209K
Management & general29%$85K
Total functional expensesLn 25$293K

Balance Sheet

Part X · end of year
CashLn 1$141K
Total assetsLn 16$644K
Total liabilitiesLn 26$1.3M
Total net assetsLn 32$-669K
Months of cash on handcomputed5.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $141K · Operating expenses/yr $293K
5.8 months
Where the money goes
Program services
Program services $209K · Total expenses $293K
71%
Management & General
Management & general $85K · Total expenses $293K
29%
Fundraising
Fundraising $0 · Total expenses $293K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $10K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $163K · Total revenue $200K
81%
Government reliance
Government grants $134K · Total revenue $200K
67%
Earned-income share
Program service revenue $38K · Total revenue $200K
19%
Investment reliance
Investment income $13 · Total revenue $200K
0%
Program self-sufficiency
Program service revenue $38K · Total expenses $293K
13%
Growth & trend
Revenue growth (YoY)
This year $200K · Prior year $182K
+10%
Revenue CAGR
FY2019 $179K · FY2024 $200K
+2%
Net-asset trend (YoY)
End of year $-669K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $200K · Expenses $293K
-46%
Liabilities-to-Assets
Total liabilities — · Total assets $644K
Net-asset ratio
Net assets $-669K · Total assets $644K
-104%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $644K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual William Rose · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $293K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $293K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 71%
Overhead ratio 29%
Revenue growth 10%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$182K revenue · ⤓ 990 PDF
FY2023$176K revenue · ⤓ 990 PDF
FY2022$164K revenue · ⤓ 990 PDF
FY2021$168K revenue · ⤓ 990 PDF
FY2020$179K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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