Marbury Terrace Inc
- Assets
- $26.5m
- Revenue
- $978.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Jamaica Plain, MA
- Founding
- 02/2009
- Data as of
- 06/2023
- EIN
- 51-0642496
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.
Form
990
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Olson Director | Trustee | 1 | $0 |
Carl Axelrod Director | Trustee | 1 | $0 |
Maureen Goggin Clerk | OfficerTrustee | 1 | $0 |
Peter Zane Treasurer | OfficerTrustee | 2 | $0 |
David Waters President | OfficerTrustee | 3 | $0 |
Silifata Wallace Chief Financial Officer | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Shawmut Design And Construction Construction | 6/29/20 | $3,163,900 |
Trimark United East Kitchen Equipment | 6/29/20 | $255,188 |
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 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $0 |
| 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 | $246,840 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $836,639 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,153,704 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,555 |
| Savings and temporary cash investments | $301,510 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $23,822,981 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,327,505 |
| Total assets | $26,492,551 |
| 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 | $19,888,449 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $36,200 |
| Total liabilities | $19,924,649 |
| Net assets without donor restrictions | $6,567,902 |
| 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 | $26,492,551 |