Mareda INC: Nonprofit Profile, Financials & Form 990 (EIN 34-1027218)

Revenue by fiscal year
FY2021	$7.8M
FY2022	$769K

Expenses by fiscal year
FY2021	$1.4M
FY2022	$8.6M

Net assets by fiscal year
FY2021	$7.9M
FY2022	$0

Is it real?

Yes. Never revoked by the IRS. Latest filing we have: FY2021.

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

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $8.6M

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation

Vr Michael R Billian

President

$0Pt VII · Sec A

John Hayward

Vice President

$0Pt VII · Sec A

Douglas Wilkins

Secretary

$0Pt VII · Sec A

Sister Mary Thill

Trustee

$0Pt VII · Sec A

Tim Frazier

Trustee

$0Pt VII · Sec A

See Mareda 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 15aNo

Programs and updates

Supports Catholic groups offering housing to low-income families, handicapped, and elderly.

Questions for Mareda INC

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1 program · $8.6M · in their own filed words · FY2021

01

To provide support for other catholic organizations that provide housing for low to moderate income families, the handicapped and the elderly.

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 34-1027218) · Dispute this line

$8.6Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid

Grants received · FY2021

Toledo Community Foundation INCFY2021$8K

Total grants receivedfrom 1 funder$8K

Grants paid · 2 grants · $9.6M · 2020–2021

Roman Catholic Diocese of Toledo in AmericaFY2021$8,566,387

Diocese of Toledo Management CorporationOH · FY2020$1,007,332

By the numbers

The FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$769K

Ln 12

Other incomeLn 4–11$767K

Investment incomeLn 3$3K

Money outPt IX

$8.6M

Ln 25

Programscol B$8.6M

Owns and owesPt X

$0

net assets · Ln 32

Total assetsLn 16$0

LiabilitiesLn 26$0

PeoplePt VI, VII

5

listed · VII A

PaidVII A0

Voting boardVI 1a5

IndependentVI 1b5

2In more detail

Revenue in detailPt VIII

Investment incomeLn 3$3K

Other incomeLn 4–11$767K

Gains on assetsLn 7$767K

Total revenueLn 12$769K

Assets in detailPt X, end of year

Total assetsLn 16$0

LiabilitiesLn 26$0

Net assetsLn 32$0

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderMarch

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

Line	Start FY22	End FY22
Cash and savingsLn 1–2	$7.9M	$0
InvestmentsLn 11–13		$0
Land, buildings, equipmentLn 10c	$219	$0
Total assetsLn 16	$7.9M	$0
LiabilitiesLn 26	$52K	$0
Net assetsLn 32	$7.9M	$0

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$8.6M	$8.6M
Legal feesLn 11b	$23K	$23K
Accounting feesLn 11c	$4K	$4K
OccupancyLn 16	$47K	$47K
Depreciation, depletion and amortizationLn 22	$44	$44
Other expenses (24a–d)Ln 24	$8K	$8K
Total functional expensesLn 25	$8.6M	$8.6M	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2022 Latest ViewingFiled with the IRS Feb 14, 2023	$769K	$8.6M	−$7.9M	$0	990 PDF
FY2021Filed with the IRS Jan 25, 2022	$7.8M	$1.4M	$6.4M	$7.9M	990 PDF

Schedules filed Part IV

I · Grants O · Explanations

See the full FY2022 990

Part I · Summary $769,242 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $1,621,252$769,242

I-11 Other revenuePrior year $6,212,609$0

I-12 Total revenuePrior year $7,833,861$769,242

I-13 Grants and similar amounts paidPrior year $1,007,332$8,566,387

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 $390,531$82,955

I-18 Total expensesPrior year $1,397,863$8,649,342

I-19 Revenue less expensesPrior year $6,435,998−$7,880,100

Part VI · Governance 5 of 5 board members independent, 4 to look at

VI-1a Voting members of the governing body5

VI-1b Independent voting members5

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 $769,242 across 3 lines filed

VIII-3 Investment incomeExcluded from tax $2,601$2,601

VIII-7 Net gain or loss on sales of assetsRelated to mission $766,641$766,641

VIII-12 Total revenueRelated to mission $766,641 · Unrelated business $0 · Excluded from tax $2,601$769,242

Part IX · Statement of functional expenses $8,649,342 across 6 lines filed

IX-1 Grants to domestic organizationsPrograms $8,566,387$8,566,387

IX-11b Legal feesPrograms $23,006$23,006

IX-11c Accounting feesPrograms $4,450$4,450

IX-16 OccupancyPrograms $47,265$47,265

IX-22 Depreciation, depletion and amortizationPrograms $44$44

IX-24 Other expenses (24a–d)Programs $8,190$8,190

IX-25 Total functional expensesPrograms $8,649,342 · Management $0 · Fundraising $0$8,649,342

Part X · Balance sheet $0 assets, 23 lines filed

X-1 Cash, non-interest-bearingStart of year $7,889,454$0

X-2 Savings and temporary cash investments$0

X-3 Pledges and grants receivable$0

X-4 Accounts receivableStart of year $42,102$0

X-5 Loans to officers and key people$0

X-6 Loans to other insiders$0

X-7 Notes and loans receivable$0

X-8 Inventories for sale or use$0

X-9 Prepaid expenses and deferred charges$0

X-10c Land, buildings and equipment, netStart of year $219$0

X-11 Publicly traded securities$0

X-12 Other securities$0

X-13 Program-related investments$0

X-14 Intangible assets$0

X-15 Other assets$0

X-16 Total assetsStart of year $7,931,775$0

X-17 Accounts payable and accrued expensesStart of year $51,681$0

X-26 Total liabilitiesStart of year $51,681$0

X-29 Capital stock or trust principalStart of year $0$0

X-30 Paid-in or capital surplusStart of year $0$0

X-31 Retained earnings or endowmentStart of year $7,880,094$0

X-32 Total net assets or fund balancesStart of year $7,880,094$0

X-33 Total liabilities and net assetsStart of year $7,931,775$0

Part XI · Reconciliation of net assets $0 net assets at year end

XI-1 Total revenue$769,242

XI-2 Total expenses$8,649,342

XI-3 Revenue less expenses−$7,880,100

XI-4 Net assets at start of year$7,880,094

XI-9 Other changes in net assets$6

XI-10 Net assets at end of year$0

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

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Mareda INC

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Mareda INC

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV