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Matthew 25 INC FY2021 filing

Tax-deductible

Worcester, MA501(c)(3) EIN 22-2967513Revenue $354K in FY2021Latest return filed Nov 28, 2025

On file with the IRSmatt25.orgWorcester, MATax-exempt since May 1989Publicly supported charity — 170(b)(1)(A)(vi)

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Purchase and renovate distressed residential properties. Rent renovated properties to low income individuals and families. Food and other relief for the poor.

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 22-2967513) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
5 of 5
filings with a surplus
Average surplus $90K a year · 21% of revenue · last 5 filings
A surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
94%
of spending
94% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
6.1 mo
of spending, in cash
6.1 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $17K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$105K
5% of total assets
Liabilities are 5% of assets.
Pt X · Ln 26
Independent board members
9
of 9 voting members
9 of 9 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
$354K
Spent
$329K
To programs
94%
Net assets
$1.9M
By yearFY2021–FY2025
Revenue
$354K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$354K
FY2022$419K
FY2023$417K
FY2024$370K
FY2025$537K
Expenses
$329K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$329K
FY2022$295K
FY2023$324K
FY2024$325K
FY2025$375K
Net assets
$1.9M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$1.9M
FY2022$2.0M
FY2023$2.2M
FY2024$2.3M
FY2025$2.5M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1989.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $308K Management & general 6% · $21K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Pam Roman
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Seth Roman
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Frederick Enman
Executive Director
$0Pt VII · Sec A
Mark Ferrari
Treasurer
$0Pt VII · Sec A
See Matthew 25 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

Buys and fixes up homes, then rents them to low-income families, also providing food and aid.

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1 program · $308K · in their own filed words · FY2020
01

Provide housing, food and other services to people in need.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 22-2967513) · Dispute this line
$308Kprogram 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
Fidelity Investments Charitable Gift FundFY2024$17K
Total grants receivedfrom 1 funder$17K

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$354K
Ln 12
Fees for servicesLn 2g$216K
Gifts and grantsLn 1h$123K
Other incomeLn 4–11$14K
Money outPt IX
$329K
Ln 25
Programscol B$308K
Managementcol C$21K
Owns and owesPt X
$1.9M
net assets · Ln 32
Cash and savingsLn 1–2$167K
Total assetsLn 16$2.0M
LiabilitiesLn 26$105K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$123K
Fees for servicesLn 2g$216K
Investment incomeLn 3$37
Other incomeLn 4–11$14K
Total revenueLn 12$354K
Assets in detailPt X, end of year
CashLn 1$147K
SavingsLn 2$20K
Cash and savings togetherLn 1–2$167K
Accounts receivableLn 4$15K
Land, buildings, equipmentLn 10c$1.2M
Intangible assetsLn 14$2K
Other assetsLn 15$625K
Total assetsLn 16$2.0M
LiabilitiesLn 26$105K
Net assetsLn 32$1.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6150
Fiscal year endsHeaderJune
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 FY21End FY21
Cash and savingsLn 1–2$95K$167K
Land, buildings, equipmentLn 10c$1.3M$1.2M
Total assetsLn 16$2.0M$2.0M
LiabilitiesLn 26$117K$105K
Net assetsLn 32$1.8M$1.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$16K$16K
Management feesLn 11a$26K$26K
Accounting feesLn 11c$11K$11K
Other fees for servicesLn 11g$7K$7K
Office expensesLn 13$4K$661$3K
InterestLn 20$3K$3K
Depreciation, depletion and amortizationLn 22$81K$81K
InsuranceLn 23$19K$19K
Other expenses (24a–d)Ln 24$149K$149K
All other expensesLn 24e$14K$14K
Total functional expensesLn 25$329K$308K$21K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Nov 28, 2025 $537K$375K$162K$2.5M 990 PDF
FY2024Filed with the IRS Jan 27, 2025 $370K$325K$45K$2.3M 990 PDF
FY2023Filed with the IRS Nov 21, 2023 $417K$324K$93K$2.2M 990 PDF
FY2022Filed with the IRS Nov 14, 2022 $419K$295K$124K$2.0M 990 PDF
FY2021 ViewingFiled with the IRS Nov 10, 2021 $354K$329K$25K$1.9M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2021 990
Part I · Summary $353,915 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $136,233$123,319
I-9 Program service revenuePrior year $217,690$216,159
I-10 Investment incomePrior year $84$37
I-11 Other revenuePrior year $2,301$14,400
I-12 Total revenuePrior year $356,308$353,915
I-13 Grants and similar amounts paidPrior year $2,200$16,231
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $40,578$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $274,338$312,615
I-18 Total expensesPrior year $317,116$328,846
I-19 Revenue less expensesPrior year $39,192$25,069
Part VI · Governance 9 of 9 board members independent, 2 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $353,915 across 6 lines filed
VIII-1f All other contributions, gifts and grants$123,319
VIII-1h Total contributions, gifts and grants$123,319
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $216,159$216,159
VIII-3 Investment incomeRelated to mission $37$37
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $14,400$14,400
VIII-12 Total revenueRelated to mission $230,596 · Unrelated business $0 · Excluded from tax $0$353,915
Part IX · Statement of functional expenses $328,846 across 10 lines filed
IX-2 Grants to domestic individualsPrograms $16,231$16,231
IX-11a Management feesPrograms $25,959$25,959
IX-11c Accounting feesManagement $10,800$10,800
IX-11g Other fees for servicesManagement $7,000$7,000
IX-13 Office expensesPrograms $661 · Management $3,086$3,747
IX-20 InterestPrograms $2,766$2,766
IX-22 Depreciation, depletion and amortizationPrograms $80,657$80,657
IX-23 InsurancePrograms $18,802$18,802
IX-24 Other expenses (24a–d)Programs $149,059$149,059
IX-24e All other expensesPrograms $13,825$13,825
IX-25 Total functional expensesPrograms $307,960 · Management $20,886 · Fundraising $0$328,846
Part X · Balance sheet $2,033,688 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $74,574$147,394
X-2 Savings and temporary cash investmentsStart of year $19,947$19,980
X-4 Accounts receivableStart of year $21,691$15,217
X-10c Land, buildings and equipment, netStart of year $1,304,574$1,223,916
X-14 Intangible assetsStart of year $2,000$2,000
X-15 Other assetsStart of year $541,941$625,181
X-16 Total assetsStart of year $1,964,727$2,033,688
X-17 Accounts payable and accrued expensesStart of year $35,122$47,274
X-23 Secured mortgages and notes payableStart of year $70,000$58,000
X-26 Total liabilitiesStart of year $117,222$105,274
X-27 Net assets without donor restrictionsStart of year $1,649,133$1,676,693
X-28 Net assets with donor restrictionsStart of year $198,372$251,721
X-32 Total net assets or fund balancesStart of year $1,847,505$1,928,414
X-33 Total liabilities and net assetsStart of year $1,964,727$2,033,688
Part XI · Reconciliation of net assets $1,928,414 net assets at year end
XI-1 Total revenue$353,915
XI-2 Total expenses$328,846
XI-3 Revenue less expenses$25,069
XI-4 Net assets at start of year$1,847,505
XI-6 Donated services and use of facilities$2,500
XI-9 Other changes in net assets$53,340
XI-10 Net assets at end of year$1,928,414

Form 990 e-file FY2021 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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