Mapleview INC EIN 35-1876232

Mapleview INC FY2022 filing

EIN  35-1876232 Public charity (501(c)(3)) Columbus, IN
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides affordable housing for residents through apartment community operations.
Leadership
David Carrico · Director
Money in and out
$120K revenue, $154K expenses
Bottom line
84% program efficiency

Provides affordable housing for residents through apartment community operations. For fiscal year 2022 it reported $120K in revenue, $154K in expenses, and $416K in net assets.Pt I

Where the money goes · FY2022
Total revenue
$120K
Pt VIII · Ln 12
Total expenses
$154K
Pt IX · Ln 25
Net assets
$416K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$34K
Where spending went · Part IX cols B–D
Program services $0.84 Management & general $0.16
Program efficiency
84%
of spending reaches programs
Operating runway
5.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
-28%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$120K
FY2022
Expenses
$154K
FY2022
Total assets
$455K
FY2022
Total liabilities
$40K
FY2022
Total revenue
$120K
Pt VIII · Ln 12
Total expenses
$154K
Pt IX · Ln 25
Net assets
$416K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$34K
Total assetsPt X · Ln 16$455K
Program-expense ratioPt IX · col B84%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

1 program service account for $129K of program spending, described in the organization's own filed words · FY2021.
01

Mapleview, inc. Was organized to construct, own and operate a 21 unit apartment community in columbus, indiana, known as mapleview apartments, pursuant to section 811 of the national affordable housing act, as amended.

$129Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMapleview INC
EINHdr · item D35-1876232
Principal addressHdr · item CColumbus, IN
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S80)
Ruling yearIRS BMFJan 2000

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 13Yes
Document retention policyPt VI · Ln 14No
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
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary/Treas
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$64K · 54%
Program service revenue$54K · 45%
Other revenue$2K · 2%
Contributions & grants54%$64K
Program service revenue45%$54K
Other revenue2%$2K
Investment income$5
— government grantsLn 1e$64K
Total revenueLn 12$120K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.84 Management & general $0.16
Program services84%$129K
Management & general16%$25K
Total functional expensesLn 25$154K

Balance Sheet

Part X · end of year
CashLn 1$67K
Total assetsLn 16$455K
Total liabilitiesLn 26$40K
Total net assetsLn 32$416K
Months of cash on handcomputed5.2

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $67K · Operating expenses/yr $154K
5.2 months
Where the money goes
Program services
Program services $129K · Total expenses $154K
84%
Management & General
Management & general $25K · Total expenses $154K
16%
Fundraising
Fundraising $0 · Total expenses $154K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $64K · Total revenue $120K
54%
Government reliance
Government grants $64K · Total revenue $120K
54%
Earned-income share
Program service revenue $54K · Total revenue $120K
45%
Investment reliance
Investment income $5 · Total revenue $120K
0%
Program self-sufficiency
Program service revenue $54K · Total expenses $154K
35%
Growth & trend
Revenue growth (YoY)
This year $120K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $416K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $120K · Expenses $154K
-28%
Liabilities-to-Assets
Total liabilities — · Total assets $455K
Net-asset ratio
Net assets $416K · Total assets $455K
91%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $455K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual David Carrico · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $154K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $7K · Total expenses $154K
5%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 84%
Overhead ratio 16%
Fundraising cost ratio 0%
Accounting fee ratio 2%

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
FY2025 (Latest)$129K revenue · ⤓ 990 PDF
FY2024$117K revenue · ⤓ 990 PDF
FY2023$119K revenue · ⤓ 990 PDF
FY2022$120K revenue · viewing · ⤓ 990 PDF

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Sources

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