Nonprofit · EIN 20-5952774
MAYNARD ROAD CORPORATION
Tax-exempt · MERIDEN, CT 06451
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990 | $796,255 | $2,720,347 | -$1,924,092 | $10,199,717 | $17,687,916 | -$7,488,199 |
Financial details: 990 for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $796,327
- Investment income
- -$72
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $407,402
- Salaries, compensation and benefits (total)
- $480,087
- Professional fundraising fees
- $0
- Legal fees
- $759
- Accounting fees
- $2,025
- Depreciation
- $61,936
- Program services (functional)
- $2,720,347
Balance sheet and other
- Total assets, start of year
- $10,453,676
- Total assets, end of year
- $10,199,717
- Total liabilities, end of year
- $17,687,916
- Net assets, end of year
- -$7,488,199
- Land, buildings and equipment
- $490,727
- Net assets without donor restrictions
- -$7,488,199
- Gross receipts
- $796,255
- Employees
- 5
- Volunteers
- 0
- Year formed
- 2006
- State of legal domicile
- CT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT V CAPPELLETTI | SECRETARY Trustee or director, Officer | 10 | $0 |
| SCOTT GRIFFTH | PRESIDENT Trustee or director, Officer | 10 | $0 |
| CORNELIOUS IVERS | TREASURER Trustee or director, Officer | 10 | $0 |
| LAWRENCE KENDZIOR | DIRECTOR Trustee or director | 10 | $0 |
| EMELY MORALES-VARONA | DIRECTOR Trustee or director | 10 | $0 |
| CARLOS RUIZ | VICE PRESIDENT Trustee or director, Officer | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 22 CHURCH ST, MERIDEN, CT 06451-3209
- Principal officer (990 for 2023)
- ROBERT V CAPPELLETTI, 22 CHURCH ST PO BOX 911, MERIDEN, CT 06451
- Signed the 990
- ROBERT V CAPPELLETTI, SECRETARY
- Phone
- (203) 235-0157
- Return prepared by
- DOOLEY & VICARS
Mission
MRCS GOAL IS TO DEVELOP AFFORDABLE HOUSING WITH ALTERNATIVE ENERGY IMPROVEMENTS IN THE CITY OF MERIDEN AND SURROUNDING COMMUNITIES IN THE STATE OF CONNECTICUT.
Program accomplishments
- OPERATE A LOW INCOME HOUSING PROJECT IN THE PREDEVELOPMENT PHASE OF REDEVELOPMENT.Expenses $2,720,347 · revenue $796,327
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | Not on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-5952774
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2009
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $10,199,717
- Income (IRS master file)
- $796,255
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2023 | $796,255 | $2,720,347 | $10,199,717 | XML |
| 990 | December 2022 | $4,755,791 | $1,037,756 | $10,453,676 | IRS |
| 990 | December 2021 | $280,441 | $469,298 | $6,787,087 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-5952774).
Questions about MAYNARD ROAD CORPORATION
- What is the EIN of MAYNARD ROAD CORPORATION?
- The employer identification number (EIN) of MAYNARD ROAD CORPORATION is 20-5952774.
- Is MAYNARD ROAD CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to MAYNARD ROAD CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MAYNARD ROAD CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MAYNARD ROAD CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MAYNARD ROAD CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2023.
- Who is the principal officer of MAYNARD ROAD CORPORATION?
- The 990 for the year ended December 31, 2023 names ROBERT V CAPPELLETTI.
- Who are the officers and directors of MAYNARD ROAD CORPORATION?
- The 990 for the year ended December 31, 2023 lists 6 people; 0 received compensation from the organization.
- How much revenue does MAYNARD ROAD CORPORATION have?
- On its 990 for the year ended December 31, 2023 it reported revenue of $796,255, expenses of $2,720,347 and total assets of $10,199,717 at year end.
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All nonprofits in MERIDEN · Connecticut · Housing and shelter