MAPLE GROVE DEVELOPMENT CORPORATION

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2014

Legal Domicile

Principal Officer

DR GRANT HENRY

Phone

2173787100

Tax Period

2024-01-01 to 2024-12-31

MAPLE GROVE DEVELOPMENT CORPORATION, founded in 2014, is a community nonprofit in the Housing & Shelter sector that reported $4.4M in total revenue in fiscal year 2024. Revenue surged 60% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 32% operating margin.

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.

Program Service Accomplishments

Program 1

Expenses: $896,013 Revenue: $274,559

TO OWN AND OPERATE 108 UNITS OF LOW INCOME HOUSING FOR THE ELDERLY KNOWN AS MGDC STEER.

Program 2

Expenses: $875,230 Revenue: $342,496

TO OWN AND OPERATE 104 UNITS OF LOW INCOME HOUSING FOR THE ELDERLY KNOWN AS MGDC WASHINGTON.

Program 3

Expenses: $295,007 Revenue: $56,082

TO CONSTRUCT, OWN AND OPERATE 24 UNITS OF LOW INCOME FAMILY HOUSING KNOWN AS MGDC PINEWOOD, LLC.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,406,143

Program Service Revenue $925,061

Investment Income $50,086

Other Revenue $4,536

TOTAL REVENUE $4,385,826

Expense Breakdown

Grants Paid $0

Salaries & Benefits $534,000

Fundraising Expenses $0

Program Expenses $2,760,603

Other Expenses $2,438,341

TOTAL EXPENSES $2,972,341

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,385,826	$2,746,845	+0.6%
Expenses	$2,972,341	$2,966,630	+0.0%
Net Income	$1,413,485	$-219,785	-7.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$198,051

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LILY WALTON	CEO	4.00	Officer	$0	$0	$198,051
REV RICKEY E PARKS	Vice President	0.25	Officer Director	$0	$0	$0
TODD SALEN	Director	0.25	Director	$0	$0	$0
FRANCESCA MORGAN	Director	0.25	Director	$0	$0	$0
BAILEE VANANTWERP	Director	0.25	Director	$0	$0	$0
PETER MCFARLAND	Director	0.25	Director	$0	$0	$0
LINDA TURNBULL	Resident Advisr	0.25	Director	$0	$0	$0
DR GRANT HENRY	Chairman	0.25	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$4,385,826	$2,972,341	$20,755,160	$1,413,485
2023	$2,746,845	$2,966,630	$19,398,650	$-219,785
2022	$2,616,156	$2,760,337	$19,613,600	$-144,181
2021	$2,372,149	$2,251,632	$19,777,618	$120,517
2020	$3,316,666	$2,641,809	$17,107,353	$674,857
2019	$2,428,008	$2,959,908	$13,985,607	$-531,900
2018	$2,221,418	$2,926,035	$14,523,517	$-704,617