Gmp Development Corp

Organization Overview

Gmp Development Corp is located in Marlborough, MA. The organization was established in 2012. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, 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. Gmp Development Corp 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 06/2022, Gmp Development Corp generated $398.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $458.2k during the year ending 06/2022. While expenses have increased by 2.7% per year over the past 7 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

GMP DEVELOPMENT CORP. IS A NONPROFIT CORPORATION FORMED TO PROVIDE SAFE, CLEAN AND AFFORDABLE HOUSING FOR INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES IN THE MARLBOROUGH, MA AREA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GMP DEVELOPMENT, CORP. (GMPD) WAS FORMED ON FEBRUARY 25, 2011, TO PROVIDE TWENTY UNITS OF HOUSING IN TWO BUILDINGS LOCATED IN MARLBOROUGH, MASSACHUSETTS, FOR INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES UNDER THE PROVISIONS OF SECTION 202 OF THE NATIONAL HOUSING ACT OF 1959. GMPD IS REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) AS TO RENT CHARGES AND OPERATING METHODS.


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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$398,729
Investment income $42
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 $398,771

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