Marywood Inc
- Assets
- $3.0m
- Revenue
- $1.3m
- Investments
- $5.7k
- Employees
- 9
- Location
- Roanoke, VA
- Founding
- 10/1981
- Data as of
- 12/2022
- EIN
- 52-1225107
Organization Overview
Marywood Inc is located in Roanoke, VA. The organization was established in 1981. 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, Marywood Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marywood 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, Marywood Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 1.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOUSING FOR ELDERLY AND HANDICAPPED INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HOUSING FOR ELDERLY AND HANDICAPPED INDIVIDUALS. MARYWOOD DOES NOT DESCRIMINATE ON THE BASIS OF RACE, SEX, RELIGION, OR NATIONAL ORIGIN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louise Hartz President | OfficerTrustee | 0.3 | $0 |
Wayne T Halbleib Vice President | OfficerTrustee | 0.3 | $0 |
Frank J Stumpf Jr Treasurer | OfficerTrustee | 0.3 | $0 |
Ellen S Knerr Secretary | OfficerTrustee | 0.3 | $0 |
M James Wallace Board Member | Trustee | 0.3 | $0 |
Eric A Gregory Board Member | Trustee | 0.3 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,296,128 |
| Investment income | $1,305 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$34,355 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,263,078 |
| 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 | $242,309 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $52,097 |
| Payroll taxes | $14,514 |
| Fees for services: Management | $85,642 |
| Fees for services: Legal | $524 |
| Fees for services: Accounting | $21,889 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,501 |
| Office expenses | $49,199 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $71,716 |
| Travel | $11,426 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $48,208 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $281,146 |
| Insurance | $74,454 |
| All other expenses | $176 |
| Total functional expenses | $1,128,183 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $199 |
| Savings and temporary cash investments | $42,001 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,642 |
| 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 | $56,088 |
| Net Land, buildings, and equipment | $1,940,318 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,688 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $909,182 |
| Total assets | $2,978,118 |
| Accounts payable and accrued expenses | $117,169 |
| Grants payable | $0 |
| Deferred revenue | $3,821 |
| 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 | $1,339,157 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $39,561 |
| Total liabilities | $1,499,708 |
| Net assets without donor restrictions | $1,478,410 |
| 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 | $2,978,118 |
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