Marathon Cooperative INC

Tax-deductible

Orange, CA501(c)(3)HousingEIN 33-0005372Revenue $825K in FY2025

On file with the IRS1507 W Yale Ave, 92867-3447 · Orange, CATax-exempt since Apr 2017Publicly supported charity — 170(b)(1)(A)(vi)

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To provide low-income housing to the los angeles community.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
Run by 6 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
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
6 of 6
filings with a surplus
Average surplus $212K a year · 27% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$592K
16% of total assets
Looks good: liabilities are 16% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$825K
+5% vs prior year
Spent
$483K
To programs
84%
Net assets
$3.2M
By yearFY2020–FY2025
Revenue
$825K
FY2025▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2020$785K
FY2021$738K
FY2022$787K
FY2023$782K
FY2024$783K
FY2025$825K
Expenses
$483K
FY2025▼ -30%
Tap a bar for its year
Expenses by fiscal year
FY2020$515K
FY2021$575K
FY2022$490K
FY2023$675K
FY2024$687K
FY2025$483K
Net assets
$3.2M
FY2025▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.2M
FY2021$2.3M
FY2022$2.6M
FY2023$2.7M
FY2024$2.8M
FY2025$3.2M

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

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2017.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $405K Management & general 16% · $78K

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 · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Past Co-Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Past Vowel (member)
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Vowel (member)
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vowel (member)
$0Pt VII · Sec A
See Marathon Cooperative 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

Builds affordable homes for low-income families in Los Angeles.

Questions for Marathon Cooperative INC

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Provided by the organization

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1 program · $405K · in their own filed words · FY2024
01

The organization is a limited-equity housing cooperative that is organized as a non-profit public benefit corporation that owns real property comprised of 66 low-income residential units in los angeles, california.

$405Kprogram expense

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$825K
Ln 12
Fees for servicesLn 2g$432K
Gifts and grantsLn 1h$392K
Investment incomeLn 3$1K
Money outPt IX
$483K
Ln 25
Programscol B$405K
Managementcol C$78K
Owns and owesPt X
$3.2M
net assets · Ln 32
Cash and savingsLn 1–2$135K
Total assetsLn 16$3.7M
LiabilitiesLn 26$592K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$392K
Government grantsLn 1e$392K
Fees for servicesLn 2g$432K
Investment incomeLn 3$1K
Total revenueLn 12$825K
Assets in detailPt X, end of year
CashLn 1$98K
SavingsLn 2$37K
Cash and savings togetherLn 1–2$135K
Land, buildings, equipmentLn 10c$3.3M
Other assetsLn 15$0
Total assetsLn 16$3.7M
LiabilitiesLn 26$592K
Net assetsLn 32$3.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
Fiscal year endsHeaderApril
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$95K$135K
Land, buildings, equipmentLn 10c$3.4M$3.3M
Total assetsLn 16$3.7M$3.7M
LiabilitiesLn 26$931K$592K
Net assetsLn 32$2.8M$3.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$49K$49K
Accounting feesLn 11c$6K$6K
Office expensesLn 13$10K$10K
OccupancyLn 16$274K$274K
Depreciation, depletion and amortizationLn 22$131K$131K
Other expenses (24a–d)Ln 24$12K$12K
Total functional expensesLn 25$483K$405K$78K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $825K$483K$342K$3.2M 990 PDF
FY2024 $783K$687K$96K$2.8M 990 PDF
FY2023 $782K$675K$106K$2.7M 990 PDF
FY2022 $787K$490K$297K$2.6M 990 PDF
FY2021 $738K$575K$162K$2.3M 990 PDF
FY2020 $785K$515K$270K$2.2M 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 FY2025 990 (6 parts)
Part I · Summary $825,101 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $363,470$391,683
I-9 Program service revenuePrior year $417,253$432,337
I-10 Investment incomePrior year $2,364$1,081
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $783,087$825,101
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 $686,728$482,943
I-18 Total expensesPrior year $686,728$482,943
I-19 Revenue less expensesPrior year $96,359$342,158
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $825,101 across 5 lines filed
VIII-1e Government grants$391,683
VIII-1h Total contributions, gifts and grants$391,683
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $432,337$432,337
VIII-3 Investment incomeExcluded from tax $1,081$1,081
VIII-12 Total revenueRelated to mission $432,337 · Unrelated business $0 · Excluded from tax $1,081$825,101
Part IX · Statement of functional expenses $482,943 across 6 lines filed
IX-11a Management feesManagement $49,485$49,485
IX-11c Accounting feesManagement $6,075$6,075
IX-13 Office expensesManagement $10,187$10,187
IX-16 OccupancyPrograms $273,810$273,810
IX-22 Depreciation, depletion and amortizationPrograms $130,978$130,978
IX-24 Other expenses (24a–d)Management $12,408$12,408
IX-25 Total functional expensesPrograms $404,788 · Management $78,155 · Fundraising $0$482,943
Part X · Balance sheet $3,748,813 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $59,509$98,294
X-2 Savings and temporary cash investmentsStart of year $35,930$37,012
X-4 Accounts receivableStart of year $200,761$258,995
X-9 Prepaid expenses and deferred chargesStart of year $37,309$25,293
X-10c Land, buildings and equipment, netStart of year $3,410,958$3,329,219
X-15 Other assetsStart of year $1,304$0
X-16 Total assetsStart of year $3,745,771$3,748,813
X-17 Accounts payable and accrued expensesStart of year $382,109$118,713
X-19 Deferred revenueStart of year $42,313$34,241
X-25 Other liabilitiesStart of year $32,670$35,170
X-26 Total liabilitiesStart of year $931,445$592,329
X-27 Net assets without donor restrictionsStart of year $2,814,326$3,156,484
X-32 Total net assets or fund balancesStart of year $2,814,326$3,156,484
X-33 Total liabilities and net assetsStart of year $3,745,771$3,748,813
Part XI · Reconciliation of net assets $3,156,484 net assets at year end
XI-1 Total revenue$825,101
XI-2 Total expenses$482,943
XI-3 Revenue less expenses$342,158
XI-4 Net assets at start of year$2,814,326
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,156,484

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

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