Marin Aging And Disability Institute Llc
- Assets
- $2.8m
- Revenue
- $531.7k
- Investments
- $0.0
- Employees
- 2
- Location
- San Rafael, CA
- Founding
- 06/2018
- Data as of
- 06/2023
- EIN
- 83-0532512
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.
Form
990
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) | Role | Hours | Compensation |
|---|---|---|---|
Colleen Arnold E.d. & CEO | Officer | 24 | $24,962 |
Paul Castro President | OfficerTrustee | 3 | $0 |
Jack Schmitz Vice President | OfficerTrustee | 3 | $0 |
Linda Lippstreu Treasurer | OfficerTrustee | 3 | $0 |
Dr Wynnelena C Canio Board Member | Trustee | 3 | $0 |
Eli Gelardin Board Member | Trustee | 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 | $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 |
| 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. | $24,962 |
| Compensation of current officers, directors, key employees. | $4,370 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,315 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $144 |
| Payroll taxes | $3,464 |
| Fees for services: Management | $19,752 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,988 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $211,803 |
| 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 | $11,166 |
| Interest | $26,528 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,979 |
| Insurance | $9,551 |
| All other expenses | $7,108 |
| Total functional expenses | $521,721 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,380 |
| Savings and temporary cash investments | $117,011 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,589 |
| 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 | $2,608,313 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $38,698 |
| Other assets | $2,560 |
| Total assets | $2,811,551 |
| Accounts payable and accrued expenses | $74,589 |
| Grants payable | $0 |
| Deferred revenue | $4,891 |
| 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 | $520,632 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $22,746 |
| Total liabilities | $622,858 |
| Net assets without donor restrictions | $2,173,727 |
| Net assets with donor restrictions | $14,966 |
| 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 | $2,811,551 |