Main Street Connect Inc
- Assets
- $8.8m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 10
- Location
- Rockville, MD
- Founding
- 05/2017
- Data as of
- 12/2021
- EIN
- 81-5280080
Organization Overview
Main Street Connect Inc is located in Rockville, MD. The organization was established in 2017. 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 12/2021, Main Street Connect Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Main Street Connect Inc 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 12/2021, Main Street Connect Inc generated $2.3m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $671.6k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MAIN STREET'S MISSION IS TO MEET THE URGENT NEED FOR DISABILITY HOUSING AND PROGRAMMING WITH AFFORDABLE, COMMUNITY-CENTERED SPACES AND OPPORTUNITIES THAT PROMOTE INCLUSION, INDEPENDENCE AND QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HELD SEVERAL COMMUNITY ENGAGEMENT EVENTS SPREADING THE WORD ABOUT MAIN STREET CONNECT'S MISSION AND GOAL OF CREATING AN INCLUSIVE, COMMUNITY-CENTERED RESIDENTIAL DEVELOPMENT FOR ADULTS WITH DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Brown Beveridge Secretary | OfficerTrustee | 1 | $0 |
Scott Copeland Treasurer | OfficerTrustee | 1 | $0 |
Lisa Friedlander Vice President | OfficerTrustee | 1 | $0 |
Jillian Copeland President | OfficerTrustee | 15 | $0 |
Andy Friedlander Director | Trustee | 1 | $0 |
David Astrove Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $115,072 |
| Fundraising events | $0 |
| Related organizations | -$26,660 |
| Government grants | $48,762 |
| All other contributions, gifts, grants, and similar amounts not included above | $404,968 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $542,142 |
| Total Program Service Revenue | $925,977 |
| Investment income | $176,584 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $31,841 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $589,700 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,266,244 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $392,663 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,578 |
| Payroll taxes | $31,229 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,740 |
| Fees for services: Accounting | $18,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,391 |
| Advertising and promotion | $2,100 |
| Office expenses | $14,020 |
| Information technology | $23,485 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,944 |
| All other expenses | $19,791 |
| Total functional expenses | $671,634 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,267,324 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $44,160 |
| Accounts receivable, net | $0 |
| 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 | $15,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,500,302 |
| Total assets | $8,826,786 |
| Accounts payable and accrued expenses | $14,071 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $14,071 |
| Net assets without donor restrictions | $7,724,921 |
| Net assets with donor restrictions | $1,087,794 |
| 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 | $8,826,786 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Main Street Connect Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
The Disability Fund Inc Rockville Centre, NY PURPOSE: SUPPORT RESIDENTIAL SERVICES TO ADULTS WITH DISABILITIES | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Housing Partners Corporation Christiansburg, VA | $210,530,324 | $87,907,515 |
Enterprise Community Development Inc Columbia, MD | $150,433,261 | $43,987,858 |
Viecare Beaver Llc Cranberry Township, PA | $43,089,373 | $46,860,704 |
Renewal Housing Inc North Bethesda, MD | $14,557,789 | $3,551,240 |
Columbus Property Management & Development Inc Philadelphia, PA | $30,446,777 | $36,581,885 |
Washington Housing Conservancy Inc Washington, DC | $420,260,184 | $21,973,797 |
Ahc Inc Arlington, VA | $252,147,992 | $33,394,070 |
Mainstay Life Services Pittsburgh, PA | $23,133,484 | $27,133,047 |
Frontline Community Services Inc Beltsville, MD | $6,957,560 | $20,985,182 |
Shared Support South Inc Warrington, PA | $9,549,705 | $20,704,692 |
Viecare Butler Llc Cranberry Township, PA | $15,820,808 | $20,591,438 |
Valley View Haven Inc Belleville, PA | $35,512,325 | $21,268,828 |