Map Development Corporation EIN 05-0497077 Form 990 (PDF) Claim this org

Map Development Corporation FY2022 filing

Not yet claimed Claim this org →

Provides permanent housing for economically challenged, disabled individuals. For fiscal year 2022 it reported $164K in revenue, $227K in expenses, and $-525K in net assets.Pt I

Founded
1997
Type
Public charity (501(c)(3)) · Housing
Location
Providence, RI
Filings
5 on file (2020–2022)
Revenue
$164KFY2022
Expenses
$227K
Net assets
$-525K
People
6
Filings
5
Updates
0
More identity details & actions ⌄
EIN  05-0497077 Public charity (501(c)(3)) Providence, RI Founded 1997
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Map Development Corporation claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Provides permanent housing for economically challenged, disabled individuals.
Leadership
William Rose · Vice Preside
Money in and out
$164K revenue, $227K expenses
Bottom line
71% program efficiency
Where the money goes · FY2022
Total revenue
$164K
Pt VIII · Ln 12
Total expenses
$227K
Pt IX · Ln 25
Net assets
$-525K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$63K
Where spending went · Part IX cols B–D
Program services $0.71 Management & general $0.29
Program efficiency
71%
of spending reaches programs
Operating runway
8.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
-38%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$164K
FY2022▼ -2%
Expenses
$227K
FY2022▲ +50%
Total assets
$781K
FY2022▼ -2%
Total liabilities
$1.3M
FY2022▲ +5%
Total revenue
$164K
Pt VIII · Ln 12
Total expenses
$227K
Pt IX · Ln 25
Net assets
$-525K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$63K
Total assetsPt X · Ln 16$781K
Program-expense ratioPt IX · col B71%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

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 1a6
Independent voting membersPt VI · Ln 1b6
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 · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Vice Preside
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Map Development Corporation executive salaries →

Are you one of these people? Claim this org to confirm your role

Mission & Programs · Part III

Where the work happens

1 program service account for $162K of program spending, described in the organization's own filed words · FY2021.
01

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

$162Kprogram expense

Run this program? Claim this org to tell your story

Statement of Revenue

Part VIII
Contributions & grants$146K · 89%
Program service revenue$18K · 11%
Contributions & grants89%$146K
Program service revenue11%$18K
Investment income$6
— government grantsLn 1e$146K
Total revenueLn 12$164K

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%$162K
Management & general29%$65K
Total functional expensesLn 25$227K

Balance Sheet

Part X · end of year
CashLn 1$153K
Total assetsLn 16$781K
Total liabilitiesLn 26$1.3M
Total net assetsLn 32$-525K
Months of cash on handcomputed8.1

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $153K · Operating expenses/yr $227K
8.1 months
Where the money goes
Program services
Program services $162K · Total expenses $227K
71%
Management & General
Management & general $65K · Total expenses $227K
29%
Fundraising
Fundraising $0 · Total expenses $227K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $146K · Total revenue $164K
89%
Government reliance
Government grants $146K · Total revenue $164K
89%
Earned-income share
Program service revenue $18K · Total revenue $164K
11%
Investment reliance
Investment income $6 · Total revenue $164K
<0.01%
Program self-sufficiency
Program service revenue $18K · Total expenses $227K
8%
Growth & trend
Revenue growth (YoY)
This year $164K · Prior year $168K
-2%
Net-asset trend (YoY)
End of year $-525K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $164K · Expenses $227K
-38%
Liabilities-to-Assets
Total liabilities — · Total assets $781K
Net-asset ratio
Net assets $-525K · Total assets $781K
-67%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $781K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual William Rose · Reported title VICE PRESIDE · Highest reported compensation $0 · Total expenses $227K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $227K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 71%
Overhead ratio 29%
Fundraising cost ratio 0%
Revenue growth -2%
Accounting fee ratio 28%

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.

Similar Organizations

Closest in mission — by what they do
See all organizations like Map Development Corporation →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

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 · viewing · ⤓ 990 PDF
FY2021$168K revenue · ⤓ 990 PDF
FY2020$179K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.