Merry Go Round Inc
- Assets
- $17.7m
- Revenue
- $3.2m
- Investments
- $10.1m
- Employees
- 42
- Location
- Greenwich, CT
- Founding
- 10/2003
- Data as of
- 12/2022
- EIN
- 06-0691241
Organization Overview
Merry Go Round Inc is located in Greenwich, CT. The organization was established in 2003. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Merry Go Round Inc employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Merry Go Round Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Merry Go Round Inc generated $3.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $4.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
AFFORDABLE LIVING FOR THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
APARTMENT RENTAL & FOOD SERVICES FOR THE ELDERLY, INCLUDING AIDES TO HELP & COMFORT RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Slagle Chairman | OfficerTrustee | 1 | $0 |
Roswell Curtis President | OfficerTrustee | 10 | $0 |
Ann Elliman Vice President | OfficerTrustee | 1 | $0 |
Lenore DE Csepel Secretary | OfficerTrustee | 1 | $0 |
Anthony Graham Treasurer | OfficerTrustee | 1 | $0 |
Mary Brown Executive Committee | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,347 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,347 |
| Total Program Service Revenue | $2,667,641 |
| Investment income | $327,549 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $206,306 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,214,843 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,836,308 |
| Pension plan accruals and contributions | $87,074 |
| Other employee benefits | $31,756 |
| Payroll taxes | $138,785 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $985 |
| Fees for services: Accounting | $15,451 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $20,934 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $190,103 |
| Insurance | $124,998 |
| All other expenses | $328,437 |
| Total functional expenses | $4,051,399 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $152,965 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,639 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $7,383,697 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $10,112,971 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,658,272 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $17,658,272 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $17,658,272 |