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Nonprofiteer
← MARGERT COMMUNITY CORPORATION

Form 990 for tax year 2023

Filed by MARGERT COMMUNITY CORPORATION.

Totals

Total revenue
$3,414,888
Total expenses
$3,436,064
Contributions and grants received
$3,403,111
Grants paid
$0
Program service revenue
$11,772
Investment income
$5
Other revenue
$0
Total assets, end of year
$3,087,939
Total liabilities, end of year
$492,045
Net assets or fund balances, end of year
$2,595,894
Program services expenses (Part IX)
$3,102,454
Management and general expenses
$274,688
Fundraising expenses
$58,922
Program service expenses (Part III)
$3,102,454

Program services were 90.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $3,389,994

  • 1f · All other contributions, gifts and grants

    $13,117

  • 2a · Program service revenue: RESTORE LEVERAGED FUND

    total $6,246 · related or exempt $6,246

  • 2b · Program service revenue: OWNERS' INVESTMENT

    total $3,000 · related or exempt $3,000

  • 2c · Program service revenue: HOUSING COMMITTEE REVE

    total $2,526 · related or exempt $2,526

  • 3 · Investment income

    total $5 · excluded $5

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $190,421 · program services $156,573 · management and general $25,121 · fundraising $8,727

  • 7 · Other salaries and wages

    total $882,922 · program services $725,977 · management and general $116,480 · fundraising $40,465

  • 9 · Other employee benefits

    total $259,208 · program services $230,482 · management and general $23,915 · fundraising $4,811

  • 10 · Payroll taxes

    total $81,520 · program services $62,441 · management and general $14,160 · fundraising $4,919

  • 11c · Fees: accounting

    total $20,000 · management and general $20,000

  • 11g · Fees: other

    total $23,390 · management and general $23,390

  • 12 · Advertising and promotion

    total $4,687 · program services $4,687

  • 13 · Office expenses

    total $24,449 · program services $20,173 · management and general $4,276

  • 16 · Occupancy

    total $69,000 · program services $59,340 · management and general $9,660

  • 17 · Travel

    total $6,100 · program services $6,100

  • 19 · Conferences, conventions and meetings

    total $9,930 · program services $9,930

  • 20 · Interest

    total $3,974 · management and general $3,974

  • 22 · Depreciation, depletion and amortization

    total $6,095 · management and general $6,095

  • 23 · Insurance

    total $48,499 · program services $48,499

  • 24a · Other expenses: MATERIALS

    total $1,190,118 · program services $1,190,118

  • 24b · Other expenses: SUBCONTRACT LABOR

    total $564,135 · program services $564,135

  • 24c · Other expenses: OTHER ADMINSTRATIVE EXP

    total $16,555 · management and general $16,555

  • 24d · Other expenses: SUPPLIES & EQUIPMENT

    total $16,503 · program services $13,697 · management and general $2,806

  • 24e · All other expenses

    total $18,558 · program services $10,302 · management and general $8,256

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $377,127 · end of year $397,703

  • 3 · Pledges and grants receivable

    beginning of year $477,429 · end of year $75,801

  • 8 · Inventories for sale or use

    beginning of year $9,968 · end of year $11,014

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,825 · end of year $15,031

  • 10a · Land, buildings and equipment: cost or other basis

    $2,584,595

  • 10b · Land, buildings and equipment: accumulated depreciation

    $55,419

  • 10c · Land, buildings and equipment, net

    beginning of year $2,535,271 · end of year $2,529,176

  • 15 · Other assets

    beginning of year $117,003 · end of year $59,214

  • 17 · Accounts payable and accrued expenses

    beginning of year $618,141 · end of year $59,263

  • 19 · Deferred revenue

    beginning of year $29,409 · end of year $229,259

  • 24 · Unsecured notes and loans payable

    beginning of year $148,000 · end of year $144,309

  • 25 · Other liabilities

    beginning of year $117,003 · end of year $59,214

  • 27 · Net assets without donor restrictions

    beginning of year $2,617,070 · end of year $2,595,894

Mission and programs · 2023

Mission

MARGERT COMMUNITY CORPORATION PROVIDES NEIGHBORHOOD PRESERVATION SERVICES, ENERGY AFFORDABILITY, AND COMPREHENSIVE HOUSING COUNSELING TO LOW- INCOME TENANTS AND HOMEOWNERS INCLUDING THE ELDERLY AND PERSONS WITH DISABILITIES.

Activities or mission (Part I)

MARGERT COMMUNITY CORPORATION PROVIDES NEIGHBORHOOD PRESERVATION SERVICES, HOUSING ASSISTANCE, AND HOUSING COUNSELING TO LOW-INCOME TENANTS AND HOMEOWNERS, THE ELDERLY, AND PERSONS WITH DISABILITIES.

  • ENERGY EFFICIENCY AND HEALTH & SAFETY SERVICES THROUGH THE WEATHERIZATION ASSISTANCE PROGRAM.

    Expenses $1,091,488

  • COMMUNITY-BASED AFFORDABLE HOUSING SERVICES INCLUDING HOUSING COUNSELING, REHABILITATION, PURCHASE ASSISTANCE, ETC.

    Expenses $205,487

  • WEATHERIZATION ASSISTANCE PROGRAM OWNER INVESTMENT LEVERAGED FUNDS.

    Expenses $214,376 · Revenue $11,772

  • ARPA

    Expenses $1,591,103

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • REV FRANCIS SHANNON

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0.5

  • ADALBERTO MONTERO

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0.5

  • PAUL H GANNON

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • REV DAVID BERTOLOTTI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • DAISIE RODRIGUEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • VIRGILIA SCHIAVONE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JOSEPH G BARDEN NON-VOTING

    SECRETARY/EXECUTIVE DIRECT

    Total calculated
    $209,822
    From this org
    $190,421
    From related orgs
    $0
    Other
    $19,401
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $190,421
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $19,401
    Filer's total
    $209,822

  • STEPHANIE LAWES

    HOUSING DIRECTOR

    Total calculated
    $172,293
    From this org
    $152,780
    From related orgs
    $0
    Other
    $19,513
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $152,780
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $19,513
    Filer's total
    $172,293

  • WAYNE MURCHISON

    WEATHERIZATION DIRECTOR

    Total calculated
    $180,819
    From this org
    $132,464
    From related orgs
    $0
    Other
    $48,355
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $132,464
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $48,355
    Filer's total
    $180,819

  • KANDLSON ESTEPHANE

    PRODUCTION COORDINATOR

    Total calculated
    $192,668
    From this org
    $137,281
    From related orgs
    $0
    Other
    $55,387
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $137,281
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $55,387
    Filer's total
    $192,668

  • JULISSA ARIAS

    INTAKE SUPERVISOR

    Total calculated
    $126,941
    From this org
    $107,540
    From related orgs
    $0
    Other
    $19,401
    Hours/week
    35

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.

Provenance

Return type
form_990
Tax year
2023
Filed
31 January 2025
IRS schema version
2023v6.0
Source object
202540389349301324

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