Marbury Terrace Inc
- Assets
- $26.6m
- Revenue
- $822.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Jamaica Plain, MA
- Founding
- 02/2009
- Data as of
- 06/2022
- EIN
- 51-0642496
Organization Overview
Marbury Terrace Inc is located in Jamaica Plain, MA. The organization was established in 2009. According to its NTEE Classification (L02) the organization is classified as: Management & Technical Assistance, 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. Marbury Terrace 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, Marbury Terrace Inc generated $822.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 56.8% each year . All expenses for the organization totaled $1.1m during the year ending 06/2022. While expenses have increased by 22.6% 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
REAL ESTATE DEVELOPMENT FOR COMMUNITY SERVINGS, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPPORT THE OPERATIONS OF COMMUNITY SERVINGS, INC. BY HOLDING REAL ESTATE AND THE RELATED DEBT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Zane Treasurer | OfficerTrustee | 1 | $0 |
Fredi Shonkoff Clerk | OfficerTrustee | 1 | $0 |
David Waters President | OfficerTrustee | 3 | $0 |
Timothy Leahy Chief Development Officer | Officer | 1 | $0 |
Janet Dillon Chief Financial Officer | Officer | 1 | $0 |
Kevin Conner Chief Operating Officer | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Trimark United East Kitchen Equipment | 6/29/20 | $255,188 |
Shawmut Design And Construction Construction | 6/29/20 | $3,163,900 |
Shawmut Design And Construction Construction | 6/29/20 | $3,163,900 |
Trimark United East Kitchen Equipment | 6/29/20 | $255,188 |
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 | $0 |
| Investment income | $235 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $822,000 |
| 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 | $822,238 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $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 | $0 |
| Interest | $246,840 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $820,193 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,136,358 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,194 |
| Savings and temporary cash investments | $395,796 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $24,502,372 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,691,667 |
| Total assets | $26,618,029 |
| Accounts payable and accrued expenses | $0 |
| 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 | $19,523,286 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $351,523 |
| Total liabilities | $19,874,809 |
| Net assets without donor restrictions | $6,743,220 |
| Net assets with donor restrictions | $0 |
| 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 | $26,618,029 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Belmont Housing Resources For Wny Inc Buffalo, NY | $19,065,783 | $9,706,045 |
Urban Homesteading Assistance U-Hab New York, NY | $22,567,272 | $3,104,949 |
Housing Opportunities Corporation Providence, RI | $1,904,732 | $3,288,051 |
Bethany Community Services Inc Haverhill, MA | $33,080,393 | $11,977,619 |
Hanac Spiti Management Company Inc Astoria, NY | $680,394 | $2,214,088 |
St Luke Services Corporation Oswego, NY | $1,164,061 | $2,696,368 |
Senior Citizens Housing Committee Inc Greenlawn, NY | $15,044,248 | $2,702,685 |
Marbury Terrace Inc Jamaica Plain, MA | $26,618,029 | $822,238 |
Lynn Housing Authority Development Group Inc Lynn, MA | $366,816 | $632,602 |
479 Courtlandt Avenue Housing Development Fund Corporation Bronx, NY | $2,079,159 | $407,298 |
Parkhurst Community Housing Inc White River Jct, VT | $2,626,704 | $184,297 |
3948 Amboy Rd Realty Corp Staten Island, NY | $1,997,483 | -$42,179 |