Malta Inc
- Assets
- $47.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Old Lyme, CT
- Founding
- 07/2004
- Data as of
- 12/2021
- EIN
- 06-1554478
Organization Overview
Malta Inc is located in Old Lyme, CT. The organization was established in 2004. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Malta Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Malta 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 12/2021, Malta Inc generated $35.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $41.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MALTA'S MISSION IS TO PROVIDE ASSISTANCE TO THE HOMELESS AND NEEDY
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION PROVIDES TRANSITIONAL HOUSING FOR HOMELESS MEN AND SUPPORT TO ASSIST THEM WITH FINDING EMPLOYMENT AND TAKING CARE OF THEMSELVES.
THE ORGANIZATION PREPARES HOT SOUP, SANDWICHES, AND OTHER NON-PERISHABLE FOOD ITEMS. THESE FOOD ITEMS AND CLOTHING ARE DISTRIBUTED TO THE HOMELESS AND NEEDY THREE TIMES PER WEEK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Miller Vice Preside | 1 | $0 | |
Michael J Michaud Treasurer | 2 | $0 | |
Donna Miller Director | 1 | $0 | |
Laura Michaud President | 3 | $0 | |
Maire Young Secretary | 1 | $0 | |
Jerry Mataya Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,743 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $43 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$2,464 |
| Other Revenue | $617 |
| Total Revenue | $35,939 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $1,718 |
| Printing, publications, postage, and shipping | $326 |
| Other expenses | $39,385 |
| Total expenses | $41,429 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $47,536 |
| Other assets | $0 |
| Total assets | $47,536 |
| Total liabilities | $2,084 |
| Net assets or fund balances | $45,452 |