Maple Wood Housing For The Elderly Corp
- Assets
- $1.4m
- Revenue
- $739.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 08/1986
- Data as of
- 03/2024
- EIN
- 22-2728117
Organization Overview
Maple Wood Housing For The Elderly Corp is located in Wilmington, DE. The organization was established in 1986. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maple Wood Housing For The Elderly Corp is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2024, Maple Wood Housing For The Elderly Corp generated $739.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $692.4k during the year ending 03/2024. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION WAS FORMED AS A NONPROFIT ORGANIZATION FOR THE PURPOSE OF CONSTRUCTING AND OPERATING A HUD SECTION 202 ELDERLY HOUSING FACILITY. THE ELDERLY HOUSING FACILITY IS COMPRISED OF 52 RENTAL UNITS, OF WHICH 51 ARE SECTION 8.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stanley F Soja Chair | 2 | $0 | |
Mark Murowany Co-Chair | 2 | $0 | |
Michael W Modica Treasurer | 1 | $0 | |
Angelo R Giofre Board Member | 1 | $0 | |
Mike Kozikowski Board Member | 1 | $0 | |
John A Chrzanowski Jr Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $547,201 |
| Interest on Savings | $832 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $191,750 |
| Total Revenue | $739,783 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $47,056 |
| Pension plans, employee benefits | $21,070 |
| Interest | $138,401 |
| Taxes | $13,170 |
| Depreciation | $87,408 |
| Occupancy | $286,585 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $43,069 |
| Total operating and administrative expenses | $692,354 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $692,354 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $406,920 |
| Net Accounts receivable | $5,388 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,352 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $977,327 |
| Other assets | $19,022 |
| Total assets | $1,417,209 |
| Accounts payable and accrued expenses | $50,074 |
| Grants payable | $0 |
| Deferred revenue | $21,360 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $1,511,154 |
| Other liabilities | $19,022 |
| Total liabilities | $1,601,610 |