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Nonprofiteer
← MARBURY TERRACE INC

Form 990 for tax year 2024

Filed by MARBURY TERRACE INC.

Totals

Total revenue
$1,078,586
Total expenses
$1,124,771
Contributions and grants received
$290,671
Grants paid
$0
Program service revenue
$815,838
Investment income
-$27,923
Other revenue
$0
Total assets, end of year
$26,237,845
Total liabilities, end of year
$20,024,579
Net assets or fund balances, end of year
$6,213,266
Program services expenses (Part IX)
$807,866
Management and general expenses
$316,905
Fundraising expenses
$0
Program service expenses (Part III)
$807,866

Program services were 71.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • DAVID B WATERS

    PRESIDENT

    Total calculated
    $397,500
    From this org
    $0
    From related orgs
    $335,774
    Other
    $61,726
    Hours/week
    3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $333,488 related
    Bonus
    $0
    Other
    $0 + $2,286 related
    Deferred
    $0 + $17,062 related
    Nontaxable benefits
    $0 + $44,664 related
    Filer's total
    $0 + $397,500 related

  • PETER ZANE

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • MAUREEN GOGGIN

    CLERK

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • CARL AXELROD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RICHARD OLSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SILIFATA WALLACE

    CHIEF FINANCIAL OFFICER

    Total calculated
    $249,291
    From this org
    $0
    From related orgs
    $192,138
    Other
    $57,153
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $186,872 related
    Bonus
    $0 + $5,000 related
    Other
    $0 + $266 related
    Deferred
    $0 + $9,856 related
    Nontaxable benefits
    $0 + $47,297 related
    Filer's total
    $0 + $249,291 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
30 March 2026
IRS schema version
2024v5.5
Source object
202630919349301523

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