Marc Resources V Inc
- Assets
- $357.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Macon, GA
- Founding
- 01/1993
- Data as of
- 06/2019
- EIN
- 58-2011890
Organization Overview
Marc Resources V Inc is located in Macon, GA. The organization was established in 1993. 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 V 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 06/2019, Marc Resources V Inc generated $44.0k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $50.0k during the year ending 06/2019. While expenses have increased by 1.6% per year over the past 4 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
2019
Describe the Organization's Program Activity:
Part 3
HUD SUBSIDIZED HOUSING FOR 8 DEVELOPMENTALLY DISABLED TENANTS UNDER SECTION 202 OF THE NATIONAL HOUSING ACT.
HUD SUBSIDIZED HOUSING FOR 8 DEVELOPMENTALLY DISABLED TENANTS UNDER SECTION 202 OF THE NATIONAL HOUSING ACT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennafer Pennell President | 0 | $0 | |
Pamela Griggs Vice Preside | 0 | $0 | |
Bryan Tiller Secretary | 0 | $0 | |
Daryl Hayes Treasurer | 0 | $0 | |
Sherry Sanders Director | 0 | $0 | |
Chris Wilson Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,569 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $239 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $29,161 |
| Total Revenue | $43,969 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $8,265 |
| Professional fees and other payments to independent contractors | $3,672 |
| Occupancy, rent, utilities, and maintenance | $11,857 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $26,239 |
| Total expenses | $50,033 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $127,903 |
| Other assets | $0 |
| Total assets | $357,759 |
| Total liabilities | $43,090 |
| Net assets or fund balances | $314,669 |