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Marien-Heim Tower

Tax-deductible

Brooklyn, NY501(c)(3) EIN 11-2355029Revenue $2.7M in FY2025Latest return filed Feb 13, 2026

On file with the IRSBrooklyn, NYTax-exempt since Jul 1982Publicly supported charity — 170(b)(1)(A)(vi)

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Marien-Heim Tower ("mht") was a senior citizen housing project subsidized by the US department of housing and urban development. In november 2014, mht entered into a contract of sale and nominee agreement with an affiliate for the sale of its beneficial interest in the property. Mht retains legal title to the building solely as a nominee on behalf of its affiliate. Mht also entered into an agreement to be exclusive agent for the management of the premises.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 11-2355029) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$5K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $2.0M a year · 89% of revenue · last 6 filings
A surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
87%
of spending
87% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$5K
to officers and key staff · 2% of spending
Pay to officers and key staff is 2% of spending.
Part VII, Section A
Cash reserves
253.5 mo
of spending, in cash
253.5 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$118K
0.3% of total assets
Liabilities are 0.3% of assets.
Pt X · Ln 26
Independent board members
10
of 10 voting members
10 of 10 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$2.7M
+6% vs prior year
Spent
$302K
To programs
87%
Net assets
$40.2M
By yearFY2020–FY2025
Revenue
$2.7M
FY2025▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.0M
FY2021$2.0M
FY2022$2.1M
FY2023$2.3M
FY2024$2.5M
FY2025$2.7M
Expenses
$302K
FY2025▲ +17%
Tap a bar for its year
Expenses by fiscal year
FY2020$206K
FY2021$220K
FY2022$242K
FY2023$272K
FY2024$258K
FY2025$302K
Net assets
$40.2M
FY2025▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$29.9M
FY2021$31.7M
FY2022$33.5M
FY2023$35.6M
FY2024$37.8M
FY2025$40.2M

From the FY2025 Form 990 (year ending March 2025) · figures checked against the IRS filing · see the original

990 PDF Support Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1982.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $263K Management & general 13% · $39K

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

Something off? Claim to add context

Who runs it and what they're paid

10 people listed on the 990; $5K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$4,543Pt VII · Sec A
Bonnie Klima Olsen
Vice President
$0Pt VII · Sec A
Beatrice Desapio
Secretary/Treasurer
$0Pt VII · Sec A
Nancy Tutolo
Board Member
$0Pt VII · Sec A
James Fasolino
Board Member
$0Pt VII · Sec A
Flora Schuster
Board Member
$0Pt VII · Sec A
Patricia Ruiz
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
See Marien-Heim Tower 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 15aNo

Programs and updates

Manages senior housing and collects rent for the property.

Questions for Marien-Heim Tower

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1 program · $263K · in their own filed words · FY2024
01

Marien-heim tower is the exclusive managing agent for a 182 housing unit for the elderly in brooklyn, ny, pursuant to section 236 of the national housing act, and regulated by the U.S. Department of housing and urban development as to rent charges and operating methods.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 11-2355029) · Dispute this line
$263Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.7M
Ln 12
Fees for servicesLn 2g$2.4M
Investment incomeLn 3$162K
Gifts and grantsLn 1h$107K
Money outPt IX
$302K
Ln 25
Programscol B$263K
Managementcol C$39K
Owns and owesPt X
$40.2M
net assets · Ln 32
Cash and savingsLn 1–2$6.4M
Total assetsLn 16$40.3M
LiabilitiesLn 26$118K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$107K
Government grantsLn 1e$106K
Fees for servicesLn 2g$2.4M
Investment incomeLn 3$162K
Other incomeLn 4–11$27K
Total revenueLn 12$2.7M
Assets in detailPt X, end of year
CashLn 1$6.4M
Cash and savings togetherLn 1–2$6.4M
Pledges and grants receivableLn 3$79K
Notes and loans receivableLn 7$33.5M
Prepaid expenses and deferred chargesLn 9$7K
Other assetsLn 15$343K
Total assetsLn 16$40.3M
LiabilitiesLn 26$118K
Net assetsLn 32$40.2M
OperationsPt I, VI
EmployeesI 57
VolunteersI 60
Fiscal year endsHeaderMarch
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 FY25End FY25
Cash and savingsLn 1–2$4.1M$6.4M
Total assetsLn 16$37.9M$40.3M
LiabilitiesLn 26$113K$118K
Net assetsLn 32$37.8M$40.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$198K$198K
Pension plan contributionsLn 8$12K$12K
Other employee benefitsLn 9$21K$21K
Payroll taxesLn 10$16K$16K
Accounting feesLn 11c$23K$23K
Office expensesLn 13$3K$3K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$26K$10K$16K
Total functional expensesLn 25$302K$263K$39K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Feb 13, 2026 $2.7M$302K$2.4M$40.2M 990 PDF
FY2024Filed with the IRS Nov 21, 2024 $2.5M$258K$2.2M$37.8M 990 PDF
FY2023Filed with the IRS Oct 19, 2023 $2.3M$272K$2.1M$35.6M 990 PDF
FY2022Filed with the IRS Aug 8, 2022 $2.1M$242K$1.8M$33.5M 990 PDF
FY2021Filed with the IRS Aug 16, 2021 $2.0M$220K$1.7M$31.7M 990 PDF
FY2020Filed with the IRS Feb 11, 2021 $2.0M$206K$1.7M$29.9M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2025 990
Part I · Summary $2,662,006 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $98,708$107,375
I-9 Program service revenuePrior year $2,214,263$2,365,586
I-10 Investment incomePrior year $137,689$161,881
I-11 Other revenuePrior year $54,953$27,164
I-12 Total revenuePrior year $2,505,613$2,662,006
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 $213,508$246,290
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $44,163$55,856
I-18 Total expensesPrior year $257,671$302,146
I-19 Revenue less expensesPrior year $2,247,942$2,359,860
Part VI · Governance 10 of 10 board members independent, 1 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $2,662,006 across 7 lines filed
VIII-1e Government grants$105,500
VIII-1f All other contributions, gifts and grants$1,875
VIII-1h Total contributions, gifts and grants$107,375
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,365,586$2,365,586
VIII-3 Investment incomeExcluded from tax $161,881$161,881
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $27,164$27,164
VIII-12 Total revenueRelated to mission $2,392,750 · Unrelated business $0 · Excluded from tax $161,881$2,662,006
Part IX · Statement of functional expenses $302,146 across 8 lines filed
IX-7 Other salaries and wagesPrograms $197,518$197,518
IX-8 Pension plan contributionsPrograms $12,461$12,461
IX-9 Other employee benefitsPrograms $20,750$20,750
IX-10 Payroll taxesPrograms $15,561$15,561
IX-11c Accounting feesManagement $23,260$23,260
IX-13 Office expensesPrograms $2,990$2,990
IX-23 InsurancePrograms $3,837$3,837
IX-24 Other expenses (24a–d)Programs $10,054 · Management $15,715$25,769
IX-25 Total functional expensesPrograms $263,171 · Management $38,975 · Fundraising $0$302,146
Part X · Balance sheet $40,328,526 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $4,095,964$6,383,693
X-3 Pledges and grants receivableStart of year $24,475$78,568
X-7 Notes and loans receivableStart of year $33,693,337$33,516,550
X-9 Prepaid expenses and deferred chargesStart of year $8,893$6,755
X-15 Other assetsStart of year $127,020$342,960
X-16 Total assetsStart of year $37,949,689$40,328,526
X-17 Accounts payable and accrued expensesStart of year $112,907$118,018
X-26 Total liabilitiesStart of year $112,907$118,018
X-27 Net assets without donor restrictionsStart of year $37,836,782$40,210,508
X-32 Total net assets or fund balancesStart of year $37,836,782$40,210,508
X-33 Total liabilities and net assetsStart of year $37,949,689$40,328,526
Part XI · Reconciliation of net assets $40,210,508 net assets at year end
XI-1 Total revenue$2,662,006
XI-2 Total expenses$302,146
XI-3 Revenue less expenses$2,359,860
XI-4 Net assets at start of year$37,836,782
XI-5 Net unrealized gains (losses) on investments$13,866
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$40,210,508

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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