Marin Aging And Disability Institute Llc

Organization Overview

Marin Aging And Disability Institute Llc is located in San Rafael, CA. The organization was established in 2018. 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 06/2023, Marin Aging And Disability Institute Llc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marin Aging And Disability Institute Llc 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, Marin Aging And Disability Institute Llc generated $531.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (26.9%) each year. All expenses for the organization totaled $521.7k during the year ending 06/2023. 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

MADI IS RESPONSIBLE FOR MANAGING, OPERATING, AND LEASING REAL ESTATE PROPERTY IN SAN RAFAEL. THE BUILDING IS HOME TO PUBLIC AGENCIES, COMMUNITY FOCUSED ORGANIZATIONS, AND NONPROFIT ORGANIZATIONS THAT PROVIDE SERVICES FOR THE PUBLIC BENEFIT, WHICH INCLUDES AGING, (CONT. PAGE 2)

Describe the Organization's Program Activity:

Part 3 - Line 4a

MARIN AGING AND DISABILITY INSTITUTE (MADI), BASED IN SAN RAFAEL CA, WAS FOUNDED IN JUNE 2018 AS A NONPROFIT LIMITED LIABILITY COMPANY. THE INSTITUTE WAS FORMED FOR THE PURPOSE OF HOLDING TITLE TO THE COMMERCIAL PROPERTY AT 70 SKYVIEW TERRACE IN SAN RAFAEL, CALIFORNIA. MADI IS RESPONSIBLE FOR MANAGING, OPERATING, AND LEASING THE PROPERTY IN ORDER TO PRINCIPALLY HOUSE PUBLIC AGENCIES, COMMUNITY FOCUSED ORGANIZATIONS, AND NONPROFIT ORGANIZATIONS THAT PROVIDE SERVICES FOR THE PUBLIC BENEFIT AND THOSE IN NEED, INCLUDING, BUT NOT LIMITED TO, AGING, DISABILITY, HEALTH, EDUCATION, HOUSING, AND HUMAN SERVICES. MADI ALSO COMPLEMENTS THE PROGRAMS AND ACTIVITIES OF NONPROFIT, TAX-EXEMPT, CHARITABLE ORGANIZATIONS IN A MANNER THAT PROVIDES STABLE, AFFORDABLE, SAFE AND COMFORTABLE OFFICE SPACE AND PROGRAM SPACE,


AND ENCOURAGES THE DEVELOPMENT AND OPERATION OF A FULL RANGE OF COST EFFECTIVE AND OPERATIONALLY EFFICIENT SERVICES ON ONE CAMPUS. IN ADDITION, MADI PROMOTES FURTHER DEVELOPMENT OF QUALITY NONPROFIT WORKSPACE THROUGH EDUCATIONAL PROGRAMS AND INFORMATION RESOURCES


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Board, Officers & Key Employees

Name (title)Compensation
Colleen Arnold
E.d. & CEO
$24,962
Paul Castro
President
$0
Jack Schmitz
Vice President
$0
Linda Lippstreu
Treasurer
$0
Dr Wynnelena C Canio
Board Member
$0
Eli Gelardin
Board Member
$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$240,350
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$240,350
Total Program Service Revenue$289,564
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $531,733

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