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Nonprofit · EIN 46-2668689

MPOWER DEVELOPMENT CORP

Tax-exempt · PHILADELPHIA, PA 19130

Financials

$784K$566K2024
Revenue Expenses · by fiscal year end
Financials of MPOWER DEVELOPMENT CORP by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$783,960$566,339$217,621$12,984,535$99,227$12,885,308
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$378,798
Investment income
$405,162
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$9,250
Occupancy
$160,925
Depreciation
$84,773
Program services (functional)
$471,525
Management and general (functional)
$94,814

Balance sheet and other

Total assets, start of year
$13,369,348
Total assets, end of year
$12,984,535
Total liabilities, end of year
$99,227
Net assets, end of year
$12,885,308
Land, buildings and equipment
$1,869,332
Net assets without donor restrictions
$12,885,308
Gross receipts
$783,960
Employees
0
Volunteers
0
Year formed
2013
State of legal domicile
PA

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 June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
SISTER MARY SCULLIONPRESIDENT
Former
0.5$0$342,389$63,996
KEVIN NOELTREASURER
Trustee or director, Officer
0.5$0$231,037$33,305
JANET STEARNSSECRETARY
Trustee or director, Officer
0.5$0$215,712$10,345
DONNA BULLOCKPRESIDENT
Trustee or director, Officer
0.5$0$125,398$0
PROPERTY MANAGERDIRECTOR
Trustee or director
10$0$0$0

Address and contacts

Address (IRS master file)
1415 FAIRMOUNT AVE SUITE 241, PHILADELPHIA, PA 19130-2962
In care of
% PROJECT H O M E
Principal officer (990 for 2024)
KEVIN NOEL, 1415 FAIRMOUNT AVE SUITE 241, PHILADLEPHIA, PA 19130
Signed the 990
KEVIN NOEL, TREASURER
Phone
(215) 232-7272
Return prepared by
NOVOGRADAC & COMPANY LLP

Mission

THE CORPORATION'S MISSION IS TO HOLD TITLE TO PROPERTY, COLLECT RENT THEREFROM AND TURN OVER THE ENTIRE AMOUNT THEREOF, LESS EXPENSES, TO AN ORGANIZATION WHICH ITSELF IS EXEMPT UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED.

990 for the year ended June 30, 2025

Program accomplishments

  • OPERATION AND MAINTENANCE OF PROPERTY HELD FOR 501(A) ORGANIZATIONS
    Expenses $471,525
  • DISTRIBUTION OF NET PROFIT TO ORGANIZATION EXEMPT FROM INCOME TAX UNDER SECTION 501(A)
    Expenses $605,828

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 June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
46-2668689
Tax-exempt status
501(c)(2): Title-holding corporation
Donations deductible
No
Exempt since
2013
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Religion-related (X22)
Assets (IRS master file)
$12,984,535
Income (IRS master file)
$783,960

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025–––IRS
990June 2024$632,519$343,888$13,369,348IRS
990June 2023$657,001$362,618$13,614,993IRS
990June 2022–––IRS
990June 2021–––IRS
990June 2019–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about MPOWER DEVELOPMENT CORP

What is the EIN of MPOWER DEVELOPMENT CORP?
The employer identification number (EIN) of MPOWER DEVELOPMENT CORP is 46-2668689.
Is MPOWER DEVELOPMENT CORP tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(2) since 2013.
Are donations to MPOWER DEVELOPMENT CORP tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does MPOWER DEVELOPMENT CORP 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 MPOWER DEVELOPMENT CORP due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MPOWER DEVELOPMENT CORP last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of MPOWER DEVELOPMENT CORP?
The 990 for the year ended June 30, 2025 names KEVIN NOEL.
Who are the officers and directors of MPOWER DEVELOPMENT CORP?
The 990 for the year ended June 30, 2025 lists 5 people; 0 received compensation from the organization.
How much revenue does MPOWER DEVELOPMENT CORP have?
On its 990 for the year ended June 30, 2025 it reported revenue of $783,960, expenses of $566,339 and total assets of $12,984,535 at year end.

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