Marshall Place Apartments Inc
- Assets
- $2.4m
- Revenue
- $242.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Cambridge, MA
- Founding
- 06/2005
- Data as of
- 06/2022
- EIN
- 90-0158415
Organization Overview
Marshall Place Apartments Inc is located in Cambridge, MA. The organization was established in 2005. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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. Marshall Place Apartments 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 06/2022, Marshall Place Apartments Inc generated $242.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $267.9k during the year ending 06/2022. While expenses have increased by 4.6% per year over the past 7 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 LOW-INCOME ELDERLY SUPPORTIVE HOUSING IN WATERTOWN, MASSACHUSETTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED AND MAINTAINED APPROXIMATELY 10 UNITS OF HOUSING FOR LOW-INCOME AND ELDERLY PEOPLE IN WATERTOWN, MA.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louise Elving President | Officer | 1 | $0 |
Margaret Drury Vice President | Officer | 1 | $0 |
Tim Bombard Treasurer | Officer | 1 | $0 |
John Hixson Clerk | Officer | 1 | $0 |
Vincent O'donnell Director | Trustee | 1 | $0 |
Carole Katz Director | Trustee | 1 | $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 | $241,992 |
| Investment income | $18 |
| 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 | $242,020 |
| 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 | $62,697 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,503 |
| Payroll taxes | $5,104 |
| Fees for services: Management | $6,615 |
| Fees for services: Legal | $414 |
| Fees for services: Accounting | $2,610 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,242 |
| Information technology | $3,377 |
| Royalties | $0 |
| Occupancy | $12,114 |
| Travel | $922 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $34,841 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $65,602 |
| Insurance | $11,852 |
| All other expenses | $0 |
| Total functional expenses | $267,919 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $295,627 |
| Savings and temporary cash investments | $84,925 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,070 |
| 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 | $2,012,412 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,223 |
| Total assets | $2,404,257 |
| Accounts payable and accrued expenses | $17,375 |
| Grants payable | $0 |
| Deferred revenue | $2,195 |
| 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 | $2,383,579 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $157,282 |
| Total liabilities | $2,560,431 |
| Net assets without donor restrictions | -$531,174 |
| Net assets with donor restrictions | $375,000 |
| 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 | $2,404,257 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nhp Foundation New York, NY | $288,555,579 | $98,614,983 |
Nycha Ii Housing Development Fund Corporation New York, NY | $21,607,256 | $75,418,815 |
Housing Assistance Corporation Hyannis, MA | $20,544,372 | $36,246,807 |
Eihab Human Services New Jersey Inc Springfield Gardens, NY | $6,084,233 | $34,447,037 |
West Side Federation For Senior Housing Inc New York, NY | $138,485,239 | $41,412,403 |
East Harlem Pilot Block Housing Development Fund Co Inc New York, NY | $76,192,730 | $32,420,395 |
Orange Affordable Housing Inc New York, NY | $0 | $0 |
Housing Visions Unlimited Inc Syracuse, NY | $54,882,329 | $24,284,268 |
Phipps Houses New York, NY | $754,776,508 | $88,001,578 |
C-Hp Cove Inc New York, NY | $8,025,727 | $5,367,385 |
Diego Beekman Mutual Housing Assoc Housing Developmnt Fund Corp Bronx, NY | $60,873,005 | $24,267,142 |
Champlain Housing Tr Burlington, VT | $156,492,954 | $31,041,858 |