Marillac Residence Inc
- Assets
- $7.1m
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 85
- Location
- Wellesley, MA
- Founding
- 03/1946
- Data as of
- 12/2021
- EIN
- 04-3436894
Organization Overview
Marillac Residence Inc is located in Wellesley, MA. The organization was established in 1946. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Marillac Residence Inc employed 85 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Marillac Residence 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 12/2021, Marillac Residence Inc generated $6.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $6.0m during the year ending 12/2021. While expenses have increased by 3.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE COMPASSIONATE & CARING SERVICE TO CREATE AN ATMOSPHERE WHERE ALL FEEL WELCOME
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARILLAC RESIDENCE PROMOTES "AGING IN PLACE" FOR AS LONG AS IT IS SAFE FOR THE RESIDENT TO DO SO. MARILLAC RESIDENCE'S PROGRAMS AND SERVICES ARE BASED ON THE FIVE PILLARS OF WELLNESS: INTELLECTUAL, SOCIAL, SPIRITUAL, PHYSICAL AND EMOTIONAL.MARILLAC RESIDENCE OFFERS OPPORTUNITIES FOR LEARNING, SOCIAL ENGAGEMENT, RELIGIOUS EXPRESSION, SOCIAL AND GLOBAL JUSTICE ACTIVITIES, PHYSICAL ACTIVITY, AND OPPORTUNITIES FOR PERSONAL DEVELOPMENT. OUR GOAL IS TO MAXIMIZE THE RESIDENTS' INDEPENDENCE AND PROVIDE A SENSE OF ACCOMPLISHMENT, WELL-BEING AND CONFIDENCE IN THEIR ABILITY TO MAINTAIN A MEANINGFUL QUALITY OF LIFE.RENOVATION COMPLETED IN 2013 HELP TO ENCOURAGE RESIDENT INDEPENDENCE. ROOMS WERE ENLARGED AND ENSUITE BATHROOMS ADDED; ALL ROOMS HAVE CALL BELLS AND RESIDENTS ARE GIVEN LIFELINE PENDANTS FOR USE IN THE BUILDING. SAFETY, HEALTH AND WELLNESS ARE PRIORITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marissa Lord Director Of Nursing | 40 | $104,465 | |
Judith Breen Administrator | Officer | 40 | $79,676 |
Maureen Beale Sc Secretary | OfficerTrustee | 1 | $0 |
Kathleen Nilles Vice Chairperson | OfficerTrustee | 1 | $0 |
Roberta Kerins Sc Chairperson | OfficerTrustee | 1 | $0 |
Kerrie Grover Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,265,000 |
| Government grants | $679,103 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,960 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,958,063 |
| Total Program Service Revenue | $4,405,897 |
| 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 | $6,383,688 |
| 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. | $93,570 |
| Compensation of current officers, directors, key employees. | $93,570 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,303,432 |
| Pension plan accruals and contributions | $42,508 |
| Other employee benefits | $285,357 |
| Payroll taxes | $160,155 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,685 |
| Fees for services: Accounting | $28,023 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $438,109 |
| Advertising and promotion | $0 |
| Office expenses | $39,733 |
| Information technology | $49,396 |
| Royalties | $0 |
| Occupancy | $405,769 |
| Travel | $138 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $428,489 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $605,477 |
| Insurance | $4,308 |
| All other expenses | $10,803 |
| Total functional expenses | $5,963,125 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $800,497 |
| Savings and temporary cash investments | $39,293 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $340,587 |
| 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 | $13,256 |
| Net Land, buildings, and equipment | $5,839,267 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $42,104 |
| Total assets | $7,075,004 |
| Accounts payable and accrued expenses | $293,456 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,288,582 |
| Total liabilities | $8,582,038 |
| Net assets without donor restrictions | -$1,546,327 |
| Net assets with donor restrictions | $39,293 |
| 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 | $7,075,004 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Marillac Residence Inc has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $50,000 |
Endowment Analysis
| Beg. Balance | $43,097 |
| Net Contributions | $500 |
| Other Expense | $3,525 |
| Ending Balance | $40,072 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ali Forney Center New York, NY | $7,623,264 | $19,818,161 |
Jericho Project New York, NY | $18,950,420 | $17,611,803 |
Middlesex Human Service Agency Inc Waltham, MA | $4,587,746 | $16,335,649 |
Columbus House New Haven, CT | $15,682,244 | $16,470,970 |
Rosies Place Inc Boston, MA | $38,499,401 | $18,742,725 |
Vietnam Veterans Workshop Inc Boston, MA | $30,041,487 | $14,388,519 |
Lifting Up Westchester Inc White Plains, NY | $11,378,064 | $11,870,807 |
Lazarus House Incorporated Lawrence, MA | $10,094,845 | $10,908,998 |
St Christophers Inn Inc Garrison, NY | $7,329,399 | $7,259,618 |
Citizens Inn Inc Peabody, MA | $4,459,514 | $7,948,455 |
Casa Nueva Vida Inc Jamaica Plain, MA | $5,246,257 | $6,906,290 |
Rhode Island Coalition For The Homeless Pawtucket, RI | $2,340,548 | $6,624,624 |