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Nonprofiteer
← GMP DEVELOPMENT CORP

Form 990 for tax year 2024

Filed by GMP DEVELOPMENT CORP.

Totals

Total revenue
$418,815
Total expenses
$422,111
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$418,675
Investment income
$140
Other revenue
$0
Total assets, end of year
$651,514
Total liabilities, end of year
$1,053,387
Net assets or fund balances, end of year
-$401,873
Program services expenses (Part IX)
$277,514
Management and general expenses
$144,597
Fundraising expenses
$0
Program service expenses (Part III)
$277,514

Program services were 65.7% 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 $418,675 · related or exempt $418,675

  • 3 · Investment income

    total $140 · excluded $140

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $119,193 · program services $12,109 · management and general $107,084

  • 11c · Fees: accounting

    total $26,907 · management and general $26,907

  • 13 · Office expenses

    total $606 · management and general $606

  • 16 · Occupancy

    total $205,979 · program services $205,979

  • 22 · Depreciation, depletion and amortization

    total $48,077 · program services $48,077

  • 23 · Insurance

    total $2,280 · program services $2,280

  • 24a · Other expenses: MISCELLANEOUS EXPENSE

    total $10,000 · management and general $10,000

  • 24b · Other expenses: VEHICLE OPERATING COSTS

    total $9,069 · program services $9,069

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,615 · end of year $16,176

  • 2 · Savings and temporary cash investments

    beginning of year $179,213 · end of year $192,628

  • 4 · Accounts receivable

    beginning of year $2,835 · end of year $8,082

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,909 · end of year $8,209

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

    $1,969,373

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

    $1,542,954

  • 10c · Land, buildings and equipment, net

    beginning of year $474,495 · end of year $426,419

  • 17 · Accounts payable and accrued expenses

    beginning of year $21,885 · end of year $10,969

  • 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 $1,007,452 · end of year $978,873

  • 25 · Other liabilities

    beginning of year $31,465 · end of year $59,703

  • 27 · Net assets without donor restrictions

    beginning of year -$398,577 · end of year -$401,873

Mission and programs · 2024

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 $277,514 · Revenue $418,675

As filed on the 2024 return.

Listed in Part VII

  • Sean Rose

    PRESIDENT & CEO

    Total calculated
    $301,016
    From this org
    $0
    From related orgs
    $296,231
    Other
    $4,785
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $239,231 related
    Bonus
    $0 + $57,000 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $4,785 related
    Filer's total
    $0 + $301,016 related

  • Stacey Forrest

    CHIEF OPERATING OFFICER

    Total calculated
    $296,163
    From this org
    $0
    From related orgs
    $268,052
    Other
    $28,111
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $220,052 related
    Bonus
    $0 + $48,000 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $28,111 related
    Filer's total
    $0 + $296,163 related

  • Meg Mulhern

    VP OF FINANCE & DEVELOPMENT

    Total calculated
    $150,760
    From this org
    $0
    From related orgs
    $148,000
    Other
    $2,760
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $138,000 related
    Bonus
    $0 + $10,000 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $2,760 related
    Filer's total
    $0 + $150,760 related

  • Ellen Murphy

    VP OF QUALITY ASSURANCE

    Total calculated
    $143,879
    From this org
    $0
    From related orgs
    $141,205
    Other
    $2,674
    Hours/week
    2 + 38 related

  • Katharine Vital

    THERAPIST

    Total calculated
    $149,490
    From this org
    $0
    From related orgs
    $124,972
    Other
    $24,518
    Hours/week
    2 + 38 related

  • Robert Cawly

    MEMBER

    Total calculated
    $0
    Hours/week
    0.2 + 0.8 related

  • Maryellen Duggan

    MEMBER

    Total calculated
    $0
    Hours/week
    0.2 + 0.8 related

  • Amy Doherty

    MEMBER

    Total calculated
    $0
    Hours/week
    0.2 + 0.8 related

  • Stephen Maintanis

    MEMBER

    Total calculated
    $0
    Hours/week
    0.2 + 0.8 related

  • Steven Wall

    CHAIR PERSON

    Total calculated
    $0
    Hours/week
    0.2 + 0.8 related

  • Gwen Sokoloff

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0.2 + 0.8 related

  • Ralph Tricomi

    TREASURER

    Total calculated
    $0
    Hours/week
    0.2 + 0.8 related

  • Jane Seymour

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.2 + 0.8 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
2024
Filed
26 February 2026
IRS schema version
2024v5.5
Source object
202620579349300237

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