Miller Road Inc
- Assets
- $678.4k
- Revenue
- $48.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Newburyport, MA
- Founding
- 09/2002
- Data as of
- 06/2023
- EIN
- 30-0100167
Organization Overview
Miller Road Inc is located in Newburyport, MA. The organization was established in 2002. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, 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. Miller Road 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 06/2023, Miller Road Inc generated $48.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $65.7k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED HOUSING FOR SPECIAL NEEDS AND HANDICAPPED INDIVIDUALS IN FISCAL YEAR 2023, THERE WERE FOUR TENANTS WHO RECEIVED HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Bailey Chairperson | 1 | $0 | |
Scott Eaton Director | 1 | $0 | |
Hillary Perron Director | 1 | $0 | |
Alan Klein President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $38,655 |
| Interest on Savings | $25 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9,767 |
| Total Revenue | $48,447 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $10,223 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $17,992 |
| Occupancy | $29,933 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,228 |
| Total operating and administrative expenses | $65,716 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $65,716 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,557 |
| Savings and temporary cash investments | $47,906 |
| Net Accounts receivable | $3,329 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $600,835 |
| Other assets | $9,767 |
| Total assets | $678,394 |
| Accounts payable and accrued expenses | $2,156 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $892,761 |
| Total liabilities | $894,917 |