Maynard Road Corporation
Maynard Road Corporation
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About this organization
Revenue
$1,051,163
Expenses
$914,615
Mission
Assist in the financing of a 122 unit low income affordable housing development.
About
Operate a low income housing project in the pre-development phase of the redevelopment.
Interesting data from their 2019 990 filing
The non-profit's mission, as documented in the filing, is “Assist in the financing of a 122 unit low income affordable housing development.”.
When explaining its purpose, the activities were described as: “Assist in the financing of a 122 unit low income affordable housing development.”.
- The non-profit is legally allowed to operate in the state of CT, as reported.
- The non-profit has a total of 7 employees, as reported on their form for 2019.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Does not have foreign activities.
- Is not a donor-advised fund.
- Is not a private foundation.
- Expenses are between $250,000 and $500,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $2,335,431.
- The CEO compensation strategy within the organization is determined through a review and approval process by a neutral party.
- The organization has a written policy that describes how long it will retain documents.
- The organization has 5 independent voting members.
- The organization was formed in 2006.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule O.
- The organization pays $291,641 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization has minutes of its meetings.
- The organization's financial statements were reviewed by an accountant.