Mgrs Inc

Organization Overview

Mgrs Inc is located in Middletown, CT. The organization was established in 1994. According to its NTEE Classification (L80) the organization is classified as: Housing Support, 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. Mgrs Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.

For the year ending 03/2022, Mgrs Inc generated $389.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $299.0k during the year ending 03/2022. While expenses have increased by 9.1% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE AFFORDABLE HOUSING FOR LOWER INCOME FAMILIES AND INDIVIDUALS ON A NON-PROFIT BASIS

Describe the Organization's Program Activity:

Part 3 - Line 4a

BUILDING RENTAL RECEIVED INCOME OF $388,840.95 WITH $220 OTHER INCOME. THE ASSOCIATED EXPENSES ARE $95,936 OF OCCUPANCY $78,631 OF DEPRECIATION $8,400 OF MANAGEMENT FEES $15,000 OF INSURANCE $34,178 OF MAINTENANCE $40,412 OF PROPERTY TAX $7,074 OF WATER & SEWER AND $19,367 OF SNOW PLOWING LANDSCAPING REFUSE REMOVAL


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

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$388,841
Investment income $220
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 $389,061

Create an account to unlock the data you need.

or