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Nonprofiteer
← GMP DEVELOPMENT CORP

Form 990 for tax year 2023

Filed by GMP DEVELOPMENT CORP.

Totals

Total revenue
$401,456
Total expenses
$396,109
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$401,325
Investment income
$131
Other revenue
$0
Total assets, end of year
$666,067
Total liabilities, end of year
$1,064,644
Net assets or fund balances, end of year
-$398,577
Program services expenses (Part IX)
$396,109
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$396,109

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: RENTAL INCOME

    total $401,325 · related or exempt $401,325

  • 3 · Investment income

    total $131 · excluded $131

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $106,492 · program services $106,492

  • 11c · Fees: accounting

    total $27,720 · program services $27,720

  • 11g · Fees: other

    total $4,750 · program services $4,750

  • 13 · Office expenses

    total $297 · program services $297

  • 16 · Occupancy

    total $199,410 · program services $199,410

  • 17 · Travel

    total $300 · program services $300

  • 22 · Depreciation, depletion and amortization

    total $46,936 · program services $46,936

  • 24a · Other expenses: VEHICLE OPERATING COSTS

    total $10,204 · program services $10,204

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $338 · end of year $2,615

  • 2 · Savings and temporary cash investments

    beginning of year $164,005 · end of year $179,213

  • 4 · Accounts receivable

    beginning of year $2,568 · end of year $2,835

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,017 · end of year $6,909

  • 10a · Land, buildings and equipment: cost or other basis

    $1,969,373

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,494,878

  • 10c · Land, buildings and equipment, net

    beginning of year $508,551 · end of year $474,495

  • 17 · Accounts payable and accrued expenses

    beginning of year $28,048 · end of year $21,885

  • 21 · Escrow or custodial account liability

    beginning of year $3,842 · end of year $3,842

  • 23 · Secured mortgages and notes payable

    beginning of year $1,034,983 · end of year $1,007,452

  • 25 · Other liabilities

    beginning of year $19,530 · end of year $31,465

  • 27 · Net assets without donor restrictions

    beginning of year -$403,924 · end of year -$398,577

Mission and programs · 2023

Mission

TO SERVE THE NEEDS OF DEVELOPMENTALLY DISABLED INDIVIDUALS IN THE MARLBOROUGH, MASSACHUSETTS AREA.

Activities or mission (Part I)

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

  • 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.

    Expenses $396,109 · Revenue $401,325

As filed on the 2023 return.

Listed in Part VII

  • Kevin Lutz

    MEMBER

    Total calculated
    $0
    Hours/week
    0.2 + 0.5 related

  • Robert Gustafson

    MEMBER - NON VOTING

    Total calculated
    $0
    Hours/week
    0.2 + 0.5 related

  • Robert Cawly

    MEMBER

    Total calculated
    $0
    Hours/week
    0.2 + 0.5 related

  • Kathy Powers

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.2 + 0.8 related

  • Paul O'Riordan

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.2 + 0.8 related

  • Gwen Sokoloff

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.2 + 0.5 related

  • Steve Wall

    TREASURER

    Total calculated
    $0
    Hours/week
    0.2 + 0.5 related

  • Jane Seymour

    MEMBER

    Total calculated
    $0
    Hours/week
    0.2 + 0.5 related

  • Sean Rose

    PRESIDENT & CEO

    Total calculated
    $253,794
    From this org
    $0
    From related orgs
    $248,857
    Other
    $4,937
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $248,857 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $4,937 related
    Filer's total
    $0 + $253,794 related

  • Stacey Forrest

    CHIEF OPERATING OFFICER

    Total calculated
    $219,936
    From this org
    $0
    From related orgs
    $196,218
    Other
    $23,718
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $196,218 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $23,718 related
    Filer's total
    $0 + $219,936 related

  • Ellen Murphy

    VP OF QUALITY ASSURANCE

    Total calculated
    $116,492
    From this org
    $0
    From related orgs
    $116,492
    Other
    $0
    Hours/week
    0 + 40 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THRIVE SUPPORT AND ADVOCACY, INC. (SEE SCHEDULE R) DETERMINES METHODS AND POLICIES SURROUNDING OFFICER COMPENSATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
7 March 2025
IRS schema version
2023v6.0
Source object
202530669349301658

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