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Nonprofit · EIN 45-2396461

MAPLE GROVE DEVELOPMENT CORPORATION I

Tax-exempt (reinstated) · CHAMPAIGN, IL 61822

Financials

$2.7M$3M2023$4.4M$3M2024
Revenue Expenses · by fiscal year end
Financials of MAPLE GROVE DEVELOPMENT CORPORATION I by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$4,385,826$2,972,341$1,413,485$20,755,160$7,935,040$12,820,120
December 31, 2023990$2,746,845$2,966,630-$219,785$19,398,650$7,992,015$11,406,635
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$3,406,143
Program service revenue
$925,061
Investment income
$50,086
Other revenue
$4,536

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Other salaries and wages
$407,602
Salaries, compensation and benefits (total)
$534,000
Professional fundraising fees
$0
Legal fees
$54,122
Accounting fees
$32,634
Occupancy
$735,064
Travel
$2,750
Depreciation
$903,594
Program services (functional)
$2,760,603
Management and general (functional)
$211,738

Balance sheet and other

Total assets, start of year
$19,398,650
Total assets, end of year
$20,755,160
Total liabilities, end of year
$7,935,040
Net assets, end of year
$12,820,120
Land, buildings and equipment
$14,570,001
Net assets without donor restrictions
$12,820,120
Gross receipts
$4,385,826
Employees
0
Volunteers
7
Year formed
2014
State of legal domicile
IL

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, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgs
LILY WALTONCEO
Officer
4$0$198,051
REV RICKEY E PARKSVice President
Trustee or director, Officer
0.25$0$0
TODD SALENDirector
Trustee or director
0.25$0$0
FRANCESCA MORGANDirector
Trustee or director
0.25$0$0
BAILEE VANANTWERPDirector
Trustee or director
0.25$0$0
PETER MCFARLANDDirector
Trustee or director
0.25$0$0
LINDA TURNBULLResident Advisr
Trustee or director
0.25$0$0
DR GRANT HENRYChairman
Trustee or director, Officer
0.25$0$0
990 for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
LILY WALTONCEO
Officer
4$0$194,825$18,088
REV RICKEY E PARKSVice President
Trustee or director, Officer
0.25$0$0$0
TODD SALENDirector
Trustee or director
0.25$0$0$0
REBECCA OBUCHOWSKIDirector
Trustee or director
0.25$0$0$0
BAILEE VANANTWERPDirector
Trustee or director
0.25$0$0$0
PETER MCFARLANDDirector
Trustee or director
0.25$0$0$0
LINDA TURNBULLResident Advisr
Trustee or director
0.25$0$0$0
DR GRANT HENRYChairman
Trustee or director, Officer
0.25$0$0$0

Address and contacts

Address (IRS master file)
2008 N MARKET ST, CHAMPAIGN, IL 61822-1308
In care of
% EDWARD BLAND
Principal officer (990 for 2024)
DR GRANT HENRY, 2008 N MARKET ST, CHAMPAIGN, IL 61822
Signed the 990
LILY WALTON, CEO
Phone
(217) 378-7100
Return prepared by
Maletta & Company

Mission

TO FOSTER, DEVELOP AND MANAGE LOW-INCOME AND AFFORDABLE HOUSING, IN CONJUNCTION WITH ANCILLARY SUPPORT SERVICES WHICH PROVIDE SAFE, DECENT, QUALITY, AFFORDABLE HOUSING SERVICES TO THOSE OF LIMITED RESOURCES IN SEARCH OF A BETTER LIVING ENVIRONMENT.

990 for the year ended December 31, 2024

Program accomplishments

  • TO OWN AND OPERATE 108 UNITS OF LOW INCOME HOUSING FOR THE ELDERLY KNOWN AS MGDC STEER.
    Expenses $896,013 · revenue $274,559
  • TO OWN AND OPERATE 104 UNITS OF LOW INCOME HOUSING FOR THE ELDERLY KNOWN AS MGDC WASHINGTON.
    Expenses $875,230 · revenue $342,496
  • TO CONSTRUCT, OWN AND OPERATE 24 UNITS OF LOW INCOME FAMILY HOUSING KNOWN AS MGDC PINEWOOD, LLC.
    Expenses $295,007 · revenue $56,082
  • TO CONSTRUCT, OWN AND OPERATE 12 UNITS OF LOW INCOME FAMILY HOUSING KNOWN AS MGDC MAHOMET.
    Expenses $201,631 · revenue $81,792
  • OWN AND OPERATE 24 UNITS OF LOW INCOME & EMERGENCY HOUSING FOR THE HOMELESS, KNOWN AS MAPLE GROVE MANOR
    Expenses $148,499 · revenue $5,944
  • TO OWN AND OPERATE 20 UNITS OF LOW INCOME HOUSING FOR THE ELDERLY KNOWN AS MGDC YOUMAN.
    Expenses $132,865 · revenue $74,041
  • TO OWN AND OPERATE 16 UNITS OF LOW INCOME HOUSING FOR THE ELDERLY KNOWN AS MGDC COLUMBIA.
    Expenses $125,335 · revenue $36,818
  • TO OWN AND OPERATE 6 UNITS OF LOW INCOME HOUSING FOR THE ELDERLY KNOWN AS MGDC HAYES.
    Expenses $43,302 · revenue $18,979
  • TO OVERSEE AND DEVELOP ADDITIONAL LOW INCOME HOUSING IN DEVELOPMENT.
    Expenses $42,721 · revenue $39,277

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
45-2396461
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2015
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$20,755,160
Income (IRS master file)
$4,385,826

Revocation and reinstatement

Exemption revoked
May 15, 2014
Posted by the IRS
June 27, 2015
Reinstated
Effective June 15, 2015

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$4,385,826$2,972,341$20,755,160XML
990December 2023$2,746,845$2,966,630$19,398,650XML
990December 2022$2,616,156$2,760,337$19,613,600IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––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 45-2396461).

Questions about MAPLE GROVE DEVELOPMENT CORPORATION I

What is the EIN of MAPLE GROVE DEVELOPMENT CORPORATION I?
The employer identification number (EIN) of MAPLE GROVE DEVELOPMENT CORPORATION I is 45-2396461.
Is MAPLE GROVE DEVELOPMENT CORPORATION I tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2014 and reinstated it effective June 15, 2015.
Are donations to MAPLE GROVE DEVELOPMENT CORPORATION I tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MAPLE GROVE DEVELOPMENT CORPORATION I 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 MAPLE GROVE DEVELOPMENT CORPORATION I 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 MAPLE GROVE DEVELOPMENT CORPORATION I last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of MAPLE GROVE DEVELOPMENT CORPORATION I?
The 990 for the year ended December 31, 2024 names DR GRANT HENRY.
Who are the officers and directors of MAPLE GROVE DEVELOPMENT CORPORATION I?
The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
How much revenue does MAPLE GROVE DEVELOPMENT CORPORATION I have?
On its 990 for the year ended December 31, 2024 it reported revenue of $4,385,826, expenses of $2,972,341 and total assets of $20,755,160 at year end.

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