Maynard Road Corporation

Organization Overview

Maynard Road Corporation is located in Meriden, CT. The organization was established in 2009. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maynard Road Corporation 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 12/2022, Maynard Road Corporation generated $4.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 24.2% each year . All expenses for the organization totaled $1.0m during the year ending 12/2022. While expenses have increased by 8.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

MRC'S GOAL IS TO DEVELOP AFFORDABLE HOUSING WITH ALTERNATIVE ENERGY IMPROVEMENTS IN THE CITY OF MERIDEN AND SURROUNDING COMMUNITIES IN THE STATE OF CONNECTICUT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OPERATE A LOW INCOME HOUSING PROJECT IN THE PREDEVELOPMENT PHASE OF REDEVELOPMENT.


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Board, Officers & Key Employees

Name (title)Compensation
Robert V Cappelletti
Secretary
$0
Scott Griffth
President
$0
Cornelious Ivers
Treasurer
$0
Lawrence Kendzior
Director
$0
Emely Morales-Varona
Director
$0
Carlos Ruiz
Vice President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$4,755,791
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,755,791

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