Mapleton-Fall Creek Development
- Assets
- $2.6m
- Revenue
- $522.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Indianapolis, IN
- Founding
- 12/1986
- Data as of
- 12/2022
- EIN
- 35-1654999
Organization Overview
Mapleton-Fall Creek Development is located in Indianapolis, IN. The organization was established in 1986. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Mapleton-Fall Creek Development employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mapleton-Fall Creek Development 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 12/2022, Mapleton-Fall Creek Development generated $522.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (13.8%) each year. All expenses for the organization totaled $568.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (18.8%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CONNECTING NEIGHBORHOOD PARTNERS TO HELP, SERVE, REVITALIZE, STIMULATE, AND INVEST RESOURCES TO REBUILD AN AFFORDABLE, SAFE AND VITAL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOMEOWNER ASSISTANCE PROGRAM
RENTAL ACTIVITIES
COMMUNITY BUILDING AND QUALITY OF LIFE PROGRAMMING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Burke Director | Trustee | 2 | $0 |
Barry Rager Director | Trustee | 2 | $0 |
Cecelia Whitfield Vice Chair | OfficerTrustee | 2 | $0 |
Craig Lotz Director | Trustee | 2 | $0 |
David Bacon Secretary | OfficerTrustee | 2 | $0 |
Hope Hampton Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $49,520 |
| All other contributions, gifts, grants, and similar amounts not included above | $213,343 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $262,863 |
| Total Program Service Revenue | $258,257 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6,672 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $521,972 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $123,333 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $70,164 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,904 |
| Payroll taxes | $16,227 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $50,689 |
| Advertising and promotion | $0 |
| Office expenses | $5,747 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $59,891 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $81,493 |
| Insurance | $12,398 |
| All other expenses | $0 |
| Total functional expenses | $568,840 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $249,529 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $199,520 |
| Accounts receivable, net | $14,825 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $692,616 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,470,537 |
| Total assets | $2,627,027 |
| Accounts payable and accrued expenses | $128,111 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,204,542 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $249,175 |
| Total liabilities | $1,581,828 |
| Net assets without donor restrictions | $895,199 |
| Net assets with donor restrictions | $150,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,627,027 |