Skip to content
Nonprofiteer
← MERIDIAN PLACE DEVELOPMENT CORPORATION

Form 990 for tax year 2024

Filed by MERIDIAN PLACE DEVELOPMENT CORPORATION.

Totals

Total revenue
$156,451
Total expenses
$161,514
Contributions and grants received
$103,381
Grants paid
$0
Program service revenue
$52,906
Investment income
$11
Other revenue
$153
Total assets, end of year
$710,377
Total liabilities, end of year
$1,275,795
Net assets or fund balances, end of year
-$565,418
Program services expenses (Part IX)
$120,822
Management and general expenses
$40,692
Fundraising expenses
$0
Program service expenses (Part III)
$120,822

Program services were 74.8% 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.

  • 1e · Government grants (contributions)

    $103,381

  • 2a · Program service revenue: RENT REVENUE

    total $52,906 · related or exempt $52,906

  • 3 · Investment income

    total $11 · excluded $11

  • 11a · Other revenue: MISCELLANEOUS

    total $153 · related or exempt $153

  • 11e · Other revenue, total

    $153

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $9,784 · management and general $9,784

  • 8 · Pension plan contributions

    total $600 · program services $600

  • 11a · Fees: management

    total $10,312 · management and general $10,312

  • 11c · Fees: accounting

    total $10,900 · management and general $10,900

  • 16 · Occupancy

    total $82,609 · program services $75,013 · management and general $7,596

  • 22 · Depreciation, depletion and amortization

    total $38,175 · program services $38,175

  • 23 · Insurance

    total $6,831 · program services $6,831

  • 24a · Other expenses: MISC ADMINISTRATIVE EXP

    total $2,100 · management and general $2,100

  • 24b · Other expenses: OTHER TAXES

    total $203 · program services $203

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $33,222 · end of year $29,128

  • 2 · Savings and temporary cash investments

    beginning of year $4,350 · end of year $9,313

  • 4 · Accounts receivable

    beginning of year $2,324 · end of year $1,573

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

    $1,518,898

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

    $848,535

  • 10c · Land, buildings and equipment, net

    beginning of year $650,666 · end of year $670,363

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,109 · end of year $34,471

  • 23 · Secured mortgages and notes payable

    beginning of year $1,237,500 · end of year $1,237,500

  • 25 · Other liabilities

    beginning of year $4,308 · end of year $3,824

  • 27 · Net assets without donor restrictions

    beginning of year -$560,355 · end of year -$565,418

Mission and programs · 2024

Mission

PROVIDE LOW INCOME HOUSING FOR THE DISABLED.

  • TO PROVIDE DISABLED PERSONS WITH HOUSING AND SERVICES DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS; TO PROMOTE THEIR USEFULNESS IN LIVING LONGER. THE PROJECT CONSISTS OF 16 UNITS.

    Expenses $120,822 · Revenue $53,059

As filed on the 2024 return.

Listed in Part VII

  • JAMES FORD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • DAVID STAUFFER

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • TODD HOGAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • JOSEPH R MANCINO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • WILLIAM M PADISAK

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • TRACIE L SCHMIDT ESQ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • ROD STRICHEK

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • DR JOHN HAZY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • REV LEWIS W MACKLIN II

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • DERICK YOUNG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • CYNTHIA CERIMELE

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • BARRY FRANKS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • COURTNEY WAMBACH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • BILL WITTMAN AS OF 0624

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • LAWRENCE MOLITERNO

    CEO

    Total calculated
    $219,643
    From this org
    $0
    From related orgs
    $201,792
    Other
    $17,851
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $201,792 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $17,851 related
    Filer's total
    $0 + $219,643 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

None.

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
METHOD USED BY RELATED ORGANIZATION (MERIDIAN HEALTHCARE) TO ESTABLISH COMPENSATION OF CEO/EXECUTIVE DIRECTOR: COMPENSATION COMMITTEE; COMPENSATION SURVEY OR STUDY; APPROVAL BY BOARD OR COMPENSATION COMMITTEE.

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
2024
Filed
15 May 2025
IRS schema version
2024v5.1
Source object
202521359349307582

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.