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Maple Grove Development Corporation I

EIN 45-2396461 · Champaign, IL

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair55 out of 100GovernanceFair65 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

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.

Income
$4.4 million
Spending
$3.0 million
Spent on programs
93%
Reserves
-7.1 months of spending
Largest source of income
donations and private grants, 78%
Employees
0
Volunteers
7
Highest pay
$198,051, ceo

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 55 out of 100. Higher than 43% of charities in its peer group (housing, $1m to $10m).

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    10 of 20

    It owes 38% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 32% of income.

  • Income trend

    15 of 15

    Income rose 60% on the year before.

  • Spending floor

    15 of 15

    93% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 65 out of 100. Higher than 15% of charities in its peer group (housing, $1m to $10m).

  • Independent board

    25 of 25

    8 of 8 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (9)
  1. $896,013 spent. TO OWN AND OPERATE 108 UNITS OF LOW INCOME HOUSING FOR THE ELDERLY KNOWN AS MGDC STEER.
  2. $875,230 spent. TO OWN AND OPERATE 104 UNITS OF LOW INCOME HOUSING FOR THE ELDERLY KNOWN AS MGDC WASHINGTON.
  3. $295,007 spent. TO CONSTRUCT, OWN AND OPERATE 24 UNITS OF LOW INCOME FAMILY HOUSING KNOWN AS MGDC PINEWOOD, LLC.
  4. $201,631 spent. TO CONSTRUCT, OWN AND OPERATE 12 UNITS OF LOW INCOME FAMILY HOUSING KNOWN AS MGDC MAHOMET.
  5. $148,499 spent. OWN AND OPERATE 24 UNITS OF LOW INCOME & EMERGENCY HOUSING FOR THE HOMELESS, KNOWN AS MAPLE GROVE MANOR
  6. $132,865 spent. TO OWN AND OPERATE 20 UNITS OF LOW INCOME HOUSING FOR THE ELDERLY KNOWN AS MGDC YOUMAN.
  7. $125,335 spent. TO OWN AND OPERATE 16 UNITS OF LOW INCOME HOUSING FOR THE ELDERLY KNOWN AS MGDC COLUMBIA.
  8. $43,302 spent. TO OWN AND OPERATE 6 UNITS OF LOW INCOME HOUSING FOR THE ELDERLY KNOWN AS MGDC HAYES.
  9. $42,721 spent. TO OVERSEE AND DEVELOP ADDITIONAL LOW INCOME HOUSING IN DEVELOPMENT.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Worth knowing.

    Status was revoked on May 15, 2014 for not filing returns for three years, and reinstated on June 15, 2015.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since July 2015.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.