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Merry Go Round INC FY2020 filing

Tax-deductible

Greenwich, CT501(c)(3)Housing EIN 06-0691241Revenue $3.3M in FY2020Latest return filed Nov 6, 2025

On file with the IRSthemewsgreenwich.org1/2 Bolling Pl, 06830-6540 · Greenwich, CTTax-exempt since Oct 2003Publicly supported — 509(a)(2)

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Affordable living for the elderly.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $183K a year · 5% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Plus $12.9M in investments, Pt X · Ln 11–13
Looks good: 3.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $500
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$347K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.3M
Spent
$3.8M
To programs
88%
Net assets
$18.8M
By yearFY2020–FY2024
Revenue
$3.3M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$3.3M
FY2021$3.9M
FY2022$3.2M
FY2023$3.9M
FY2024$5.2M
Expenses
$3.8M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$3.8M
FY2021$3.9M
FY2022$4.1M
FY2023$4.3M
FY2024$4.4M
Net assets
$18.8M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$18.8M
FY2021$19.7M
FY2022$17.7M
FY2023$17.4M
FY2024$18.4M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2003.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $3.3M Management & general 12% · $433K

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

14 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Ann Elliman
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Mary Brown
Executive Committee
$0Pt VII · Sec A
Nanny Cannon
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Merry Go Round INC executive salaries →

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 15aYes

Programs and updates

Provides safe, affordable housing and support services for seniors.

Questions for Merry Go Round INC

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1 program · $3.3M · in their own filed words · FY2020
01

Apartment rental & food services for the elderly, including aides to help & comfort residents.

$3.3Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Anantaa-Om FoundationFY2024$500
Total grants receivedfrom 1 funder$500

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$3.3M
Ln 12
Fees for servicesLn 2g$2.6M
Investment incomeLn 3$665K
Gifts and grantsLn 1h$22K
Money outPt IX
$3.8M
Ln 25
Programscol B$3.3M
Managementcol C$433K
Owns and owesPt X
$18.8M
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$19.1M
LiabilitiesLn 26$347K
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$22K
Fees for servicesLn 2g$2.6M
Investment incomeLn 3$665K
Gains on assetsLn 7$297K
Total revenueLn 12$3.3M
Assets in detailPt X, end of year
CashLn 1$1.0M
Cash and savings togetherLn 1–2$1.0M
InvestmentsLn 11–13$12.9M
Land, buildings, equipmentLn 10c$5.2M
Total assetsLn 16$19.1M
LiabilitiesLn 26$347K
Net assetsLn 32$18.8M
OperationsPt I, VI
EmployeesI 542
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$594K$1.0M
InvestmentsLn 11–13$13.9M$12.9M
Land, buildings, equipmentLn 10c$4.7M$5.2M
Total assetsLn 16$19.3M$19.1M
LiabilitiesLn 26$0$347K
Net assetsLn 32$19.3M$18.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$1.8M$1.6M$270K
Pension plan contributionsLn 8$80K$68K$12K
Other employee benefitsLn 9$35K$16K$19K
Payroll taxesLn 10$153K$130K$23K
Accounting feesLn 11c$15K$15K
Office expensesLn 13$19K$19K
Depreciation, depletion and amortizationLn 22$148K$148K
InsuranceLn 23$92K$85K$6K
Other expenses (24a–d)Ln 24$1.2M$1.1M$41K
All other expensesLn 24e$200K$171K$29K
Total functional expensesLn 25$3.8M$3.3M$433K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 6, 2025 $5.2M$4.4M$807K$18.4M 990 PDF
FY2023Filed with the IRS Oct 30, 2024 $3.9M$4.3M−$427K$17.4M 990 PDF
FY2022Filed with the IRS Aug 3, 2023 $3.2M$4.1M−$837K$17.7M 990 PDF
FY2021Filed with the IRS Oct 28, 2022 $3.9M$3.9M$7K$19.7M 990 PDF
FY2020 ViewingFiled with the IRS Oct 29, 2021 $3.3M$3.8M−$463K$18.8M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $3,290,527 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $9,329$22,153
I-9 Program service revenuePrior year $2,824,537$2,603,476
I-10 Investment incomePrior year $1,316,466$664,898
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $4,150,332$3,290,527
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 $1,976,518$2,089,137
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,582,879$1,664,548
I-18 Total expensesPrior year $3,559,397$3,753,685
I-19 Revenue less expensesPrior year $590,935−$463,158
Part VI · Governance 14 of 14 board members independent, 2 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,290,527 across 6 lines filed
Lines not itemized here account for $4,235 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$22,153
VIII-1h Total contributions, gifts and grants$22,153
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,599,241$2,599,241
VIII-3 Investment incomeExcluded from tax $367,866$367,866
VIII-7 Net gain or loss on sales of assetsExcluded from tax $297,032$297,032
VIII-12 Total revenueRelated to mission $2,603,476 · Unrelated business $0 · Excluded from tax $664,898$3,290,527
Part IX · Statement of functional expenses $3,753,685 across 10 lines filed
IX-7 Other salaries and wagesPrograms $1,551,852 · Management $270,115$1,821,967
IX-8 Pension plan contributionsPrograms $67,644 · Management $11,937$79,581
IX-9 Other employee benefitsPrograms $16,155 · Management $18,597$34,752
IX-10 Payroll taxesPrograms $130,179 · Management $22,658$152,837
IX-11c Accounting feesManagement $15,226$15,226
IX-13 Office expensesManagement $18,619$18,619
IX-22 Depreciation, depletion and amortizationPrograms $148,426$148,426
IX-23 InsurancePrograms $85,311 · Management $6,300$91,611
IX-24 Other expenses (24a–d)Programs $1,149,851 · Management $41,293$1,191,144
IX-24e All other expensesPrograms $170,772 · Management $28,750$199,522
IX-25 Total functional expensesPrograms $3,320,190 · Management $433,495 · Fundraising $0$3,753,685
Part X · Balance sheet $19,143,251 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $594,270$1,045,357
X-4 Accounts receivableStart of year $43,120$30,218
X-10c Land, buildings and equipment, netStart of year $4,730,608$5,188,057
X-12 Other securitiesStart of year $13,909,594$12,879,619
X-16 Total assetsStart of year $19,277,592$19,143,251
X-25 Other liabilitiesStart of year $0$347,443
X-26 Total liabilitiesStart of year $0$347,443
X-27 Net assets without donor restrictionsStart of year $19,277,592$18,795,808
X-32 Total net assets or fund balancesStart of year $19,277,592$18,795,808
X-33 Total liabilities and net assetsStart of year $19,277,592$19,143,251
Part XI · Reconciliation of net assets $18,795,808 net assets at year end
XI-1 Total revenue$3,290,527
XI-2 Total expenses$3,753,685
XI-3 Revenue less expenses−$463,158
XI-4 Net assets at start of year$19,277,592
XI-5 Net unrealized gains (losses) on investments$44,596
XI-7 Investment expenses−$63,222
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$18,795,808

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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