Marc Resources Iv Inc
- Assets
- $252.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Macon, GA
- Founding
- 02/1990
- Data as of
- 06/2024
- EIN
- 58-1847102
Organization Overview
Marc Resources Iv Inc is located in Macon, GA. The organization was established in 1990. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, 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. Marc Resources Iv 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 06/2024, Marc Resources Iv Inc generated $83.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $87.0k during the year ending 06/2024. While expenses have increased by 0.9% per year over the past 9 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
HUD SUBSIDIZED HOUSING FOR 8 DEVELOPMENTALLY DISABLE TENANTS UNDERSECTION 202 OF THE NATIONAL HOUSING ACT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pam Nichols Treasurer | 0 | $0 | |
Michael Gibbons President | 0 | $0 | |
Sherry Sanders Director | 0 | $0 | |
Brenda Thomas Director | 0 | $0 | |
Laura Sugg Director | 0 | $0 | |
Stephanie Mcrae Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $35,028 |
| Membership dues | $0 |
| Investment income | $110 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $47,922 |
| Total Revenue | $83,060 |
| 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 | $7,290 |
| Occupancy, rent, utilities, and maintenance | $22,672 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $57,068 |
| Total expenses | $87,030 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $37,016 |
| Other assets | $0 |
| Total assets | $252,564 |
| Total liabilities | $297,330 |
| Net assets or fund balances | -$44,766 |