Main Development Group INC EIN 20-1442663

Main Development Group INC

EIN  20-1442663 Mutual-benefit / member-serving Philadelphia, PA Founded 2004
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Size
<$100K
What they do
Manages property and collects income for community revitalization.
Leadership
Kimberly Lloyd · President/CEO
Money in and out
$14K revenue, $34K expenses
Bottom line
-148% surplus margin

Manages property and collects income for community revitalization. For fiscal year 2024 it reported $14K in revenue, $34K in expenses, and $502K in net assets.Pt I

Reported financial activity · FY2024
Total revenue
$14K
Pt VIII · Ln 12
Total expenses
$34K
Pt IX · Ln 25
Net assets
$502K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$21K
Surplus margin
-148%
revenue over expenses, this year▼ -61% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$14K
FY2024▼ -35%
Expenses
$34K
FY2024▼ -16%
Total assets
$504K
FY2024▼ -4%
Total liabilities
$2K
FY2024▼ -7%
Total revenue
$14K
Pt VIII · Ln 12
Total expenses
$34K
Pt IX · Ln 25
Net assets
$502K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$21K
Total assetsPt X · Ln 16$504K
Program-expense ratioPt IX · col B
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2024.
01

Hold title to property and collect income for the benefit of ogontz avenue revitalization corporation, a 501(c)(3) tax exempt organization.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMain Development Group INC
EINHdr · item D20-1442663
Principal addressHdr · item CPhiladelphia, PA
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2004
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(2) · active
NTEE classificationIRS BMFCommunity Development (S47)
Ruling yearIRS BMFJun 2007

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
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/CEO
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue100%$14K
Total revenueLn 12$14K

Balance Sheet

Part X · end of year
CashLn 1$2K
Total assetsLn 16$504K
Total liabilitiesLn 26$2K
Total net assetsLn 32$502K
Months of cash on handcomputed0.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2K · Operating expenses/yr $34K
0.8 months
Where the money goes
Program services
Program services — · Total expenses $34K
Management & General
Management & general — · Total expenses $34K
Fundraising
Fundraising — · Total expenses $34K
Cost to raise $1
Fundraising expense — · Solicited contributions —
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $14K
0%
Government reliance
Government grants — · Total revenue $14K
Earned-income share
Program service revenue $14K · Total revenue $14K
100%
Investment reliance
Investment income $0 · Total revenue $14K
0%
Program self-sufficiency
Program service revenue $14K · Total expenses $34K
40%
Growth & trend
Revenue growth (YoY)
This year $14K · Prior year $21K
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $502K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $14K · Expenses $34K
-148%
Liabilities-to-Assets
Total liabilities — · Total assets $504K
Net-asset ratio
Net assets $502K · Total assets $504K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $504K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kimberly Lloyd · Reported title PRESIDENT/CEO · Highest reported compensation $0 · Total expenses $34K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $34K
Peer comparison

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

MetricThis orgPeer medianPercentile
Revenue growth -35%

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$21K revenue · ⤓ 990 PDF
FY2023$30K revenue · ⤓ 990 PDF
FY2022$26K revenue · ⤓ 990 PDF
FY2021$9K revenue · ⤓ 990 PDF
FY2020$17K 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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