Marshall Road INC FY2022 filing

Tax-deductible

Needham, MA501(c)(3)Human ServicesEIN 04-3753636Revenue $45K in FY2022

On file with the IRScharlesrivercenter.org59 E Militia Heights Dr, 02492-1341 · Needham, MATax-exempt since Dec 2003Publicly supported — 509(a)(2)

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To provide affordable housing facilities for people with disabilities.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $31K a year · 71% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$500K
65% of total assets
Fine: liabilities are 65% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$45K
+7% vs prior year
Spent
$74K
To programs
83%
Net assets
$275K
By yearFY2020–FY2025
Revenue
$45K
FY2022▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2020$43K
FY2021$42K
FY2022$45K
FY2023$45K
FY2024$45K
FY2025$45K
Expenses
$74K
FY2022▲ +20%
Tap a bar for its year
Expenses by fiscal year
FY2020$63K
FY2021$62K
FY2022$74K
FY2023$72K
FY2024$84K
FY2025$97K
Net assets
$275K
FY2022▼ -10%
Tap a bar for its year
Net assets by fiscal year
FY2020$324K
FY2021$304K
FY2022$275K
FY2023$248K
FY2024$208K
FY2025$156K

From the FY2022 Form 990 (year ending June 2022) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2003.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $62K Management & general 17% · $13K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

22 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President and CEO
$0Pt VII · Sec A
$0Pt VII · Sec A
Former COO
$0Pt VII · Sec A
Former President
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Marshall Road INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers affordable housing for people with disabilities.

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Provided by the organization

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1 program · $62K · in their own filed words · FY2021
01

To provide affordable housing facilities for people with disabilities.

$62Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$45K
Ln 12
Gifts and grantsLn 1h$30K
Fees for servicesLn 2g$14K
Investment incomeLn 3$10
Money outPt IX
$74K
Ln 25
Programscol B$62K
Managementcol C$13K
Owns and owesPt X
$275K
net assets · Ln 32
Cash and savingsLn 1–2$523
Total assetsLn 16$775K
LiabilitiesLn 26$500K
PeoplePt VI, VII
22
listed · VII A
PaidVII A0
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$30K
Government grantsLn 1e$30K
Fees for servicesLn 2g$14K
Investment incomeLn 3$10
Total revenueLn 12$45K
Assets in detailPt X, end of year
CashLn 1$523
Cash and savings togetherLn 1–2$523
Land, buildings, equipmentLn 10c$751K
Other assetsLn 15$24K
Total assetsLn 16$775K
LiabilitiesLn 26$500K
Net assetsLn 32$275K
OperationsPt I, VI
EmployeesI 50
VolunteersI 618
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$6K$523
Land, buildings, equipmentLn 10c$776K$751K
Total assetsLn 16$800K$775K
LiabilitiesLn 26$496K$500K
Net assetsLn 32$304K$275K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$4K$4K
Accounting feesLn 11c$7K$7K
Other fees for servicesLn 11g$1K$1K
OccupancyLn 16$36K$36K
Depreciation, depletion and amortizationLn 22$25K$25K
Other expenses (24a–d)Ln 24$89$89
Total functional expensesLn 25$74K$62K$13K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $45K$97K−$52K$156K 990 PDF
FY2024 $45K$84K−$39K$208K 990 PDF
FY2023 $45K$72K−$27K$248K 990 PDF
FY2022 Viewing $45K$74K−$29K$275K 990 PDF
FY2021 $42K$62K−$20K$304K 990 PDF
FY2020 $43K$63K−$20K$324K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $44,650 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $29,152$30,239
I-9 Program service revenuePrior year $12,698$14,401
I-10 Investment incomePrior year $20$10
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $41,870$44,650
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $61,662$74,138
I-18 Total expensesPrior year $61,662$74,138
I-19 Revenue less expensesPrior year −$19,792−$29,488
Part VI · Governance 18 of 18 board members independent, 1 to look at
VI-1a Voting members of the governing body18
VI-1b Independent voting members18
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $44,650 across 5 lines filed
VIII-1e Government grants$30,239
VIII-1h Total contributions, gifts and grants$30,239
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $14,401$14,401
VIII-3 Investment incomeExcluded from tax $10$10
VIII-12 Total revenueRelated to mission $14,401 · Unrelated business $0 · Excluded from tax $10$44,650
Part IX · Statement of functional expenses $74,138 across 6 lines filed
IX-11a Management feesManagement $4,241$4,241
IX-11c Accounting feesManagement $6,919$6,919
IX-11g Other fees for servicesManagement $1,324$1,324
IX-16 OccupancyPrograms $36,347$36,347
IX-22 Depreciation, depletion and amortizationPrograms $25,218$25,218
IX-24 Other expenses (24a–d)Management $89$89
IX-25 Total functional expensesPrograms $61,565 · Management $12,573 · Fundraising $0$74,138
Part X · Balance sheet $775,167 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $6,333$523
X-9 Prepaid expenses and deferred chargesStart of year $88$88
X-10c Land, buildings and equipment, netStart of year $776,213$750,995
X-15 Other assetsStart of year $17,851$23,561
X-16 Total assetsStart of year $800,485$775,167
X-17 Accounts payable and accrued expensesStart of year $21,423$5,239
X-25 Other liabilitiesStart of year $201,281$221,635
X-26 Total liabilitiesStart of year $496,048$500,218
X-27 Net assets without donor restrictionsStart of year −$333,933−$363,421
X-28 Net assets with donor restrictionsStart of year $638,370$638,370
X-32 Total net assets or fund balancesStart of year $304,437$274,949
X-33 Total liabilities and net assetsStart of year $800,485$775,167
Part XI · Reconciliation of net assets $274,949 net assets at year end
XI-1 Total revenue$44,650
XI-2 Total expenses$74,138
XI-3 Revenue less expenses−$29,488
XI-4 Net assets at start of year$304,437
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$274,949

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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