Marbury Terrace Inc

Organization Overview

Marbury Terrace Inc is located in Jamaica Plain, MA. The organization was established in 2009. According to its NTEE Classification (L02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marbury Terrace 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 06/2023, Marbury Terrace Inc generated $978.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 51.5% each year . All expenses for the organization totaled $1.2m during the year ending 06/2023. While expenses have increased by 19.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

REAL ESTATE DEVELOPMENT FOR COMMUNITY SERVINGS, INC.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO SUPPORT THE OPERATIONS OF COMMUNITY SERVINGS, INC. BY HOLDING REAL ESTATE AND THE RELATED DEBT.


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Board, Officers & Key Employees

Name (title)Compensation
Richard Olson
Director
$0
Carl Axelrod
Director
$0
Maureen Goggin
Clerk
$0
Peter Zane
Treasurer
$0
David Waters
President
$0
Silifata Wallace
Chief Financial Officer
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Shawmut Design And Construction
Construction
$3,163,900
Trimark United East
Kitchen Equipment
$255,188
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$167,200
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $167,200
Total Revenue from Contributions, Gifts, Grants & Similar$167,200
Total Program Service Revenue$817,838
Investment income $3,299
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$9,951
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $978,386

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