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Mgma Realty Corp

Not tax-deductible

Englewood, COMutual-benefit / member-servingEIN 84-1119908

Holds title to real property and collects rent from its exempt parent, mgma-acmpe.

Run by 19 volunteers.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
4 of 6
filings with a surplus
Average surplus $0 a year · under 1% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.2M
125% of total assets
Concern: liabilities are 125% of assets; over 80%.
Pt X · Ln 26
Independent board members
9
of 10 voting members
Looks good: 9 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$807K
+0.4% vs prior year
Spent
$807K
Net assets
−$241K
By yearFY2020–FY2025
Revenue
$807K
FY2025+0.4%
Revenue by fiscal year
FY2020$640K
FY2021$616K
FY2022$691K
FY2023$714K
FY2024$804K
FY2025$807K
Expenses
$807K
FY2025+0.4%
Expenses by fiscal year
FY2020$640K
FY2021$616K
FY2022$691K
FY2023$714K
FY2024$804K
FY2025$807K
Net assets
−$241K
FY20250%
Net assets by fiscal year
FY2020−$241K
FY2021−$241K
FY2022−$241K
FY2023−$241K
FY2024−$241K
FY2025−$241K

From the FY2025 Form 990 (year ending June 2025) · see the original

Give Claim

Is it real?

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

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

Who runs it and what they're paid

15 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
$0Pt VII · Sec A
Andrew Swanson
Chief Revenue Officer
$0Pt VII · Sec A
Ronald Holder
Former COO
$0Pt VII · Sec A
Eric D Crockett
Board Chair
$0Pt VII · Sec A
Jennifer Gosney
Vice Chair
$0Pt VII · Sec A
Richard T Schlosberg
Finance/Audit Chair
$0Pt VII · Sec A
Jeffrey W Smith
Past Board Chair
$0Pt VII · Sec A
See Mgma Realty Corp 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

Owns property and collects rent from its parent organization.

Provided by the organization

This section is blank until Mgma Realty Corp claims this page.

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1 program service, described in the organization's own filed words · FY2024.
01

Mgma realty corp holds title to the real property and collects rent from its exempt parent, mgma-acmpe.

Pt IX · col B

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By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$807K
Ln 12
Fees for servicesLn 2g$807K
Money outPt IX
$807K
Ln 25
Owns and owesPt X
−$241K
net assets · Ln 32
Cash and savingsLn 1–2$71K
Total assetsLn 16$979K
LiabilitiesLn 26$1.2M
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$807K
Total revenueLn 12$807K
Assets in detailPt X, end of year
CashLn 1$71K
Cash and savings togetherLn 1–2$71K
Land, buildings, equipmentLn 10c$908K
Total assetsLn 16$979K
LiabilitiesLn 26$1.2M
Net assetsLn 32−$241K
OperationsPt I, VI
EmployeesI 50
VolunteersI 619
Fiscal year endsHeaderJune
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$42K$71K
Land, buildings, equipmentLn 10c$862K$908K
Total assetsLn 16$904K$979K
LiabilitiesLn 26$1.1M$1.2M
Net assetsLn 32−$241K−$241K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$222K
Pension plan contributionsLn 8$39K
Other employee benefitsLn 9$77
Payroll taxesLn 10$19K
Accounting feesLn 11c$3K
Office expensesLn 13$19K
OccupancyLn 16$329K
TravelLn 17$1K
Depreciation, depletion and amortizationLn 22$7K
Other expenses (24a–d)Ln 24$169K
Total functional expensesLn 25$807K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $807K$807K$0−$241K 990 PDF
FY2024 $804K$804K$1−$241K 990 PDF
FY2023 $714K$714K−$1−$241K 990 PDF
FY2022 $691K$691K$0−$241K 990 PDF
FY2021 $616K$616K−$1−$241K 990 PDF
FY2020 $640K$640K$2−$241K 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 (4 parts)
Part VIII · Statement of revenue $807,317 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $807,317$807,317
VIII-12 Total revenueRelated to mission $807,317 · Unrelated business $0 · Excluded from tax $0$807,317
Part IX · Statement of functional expenses $807,317 across 10 lines filed
IX-7 Other salaries and wages$222,073
IX-8 Pension plan contributions$38,853
IX-9 Other employee benefits$77
IX-10 Payroll taxes$18,554
IX-11c Accounting fees$2,965
IX-13 Office expenses$18,720
IX-16 Occupancy$329,443
IX-17 Travel$1,043
IX-22 Depreciation, depletion and amortization$6,916
IX-24 Other expenses (24a–d)$168,673
IX-25 Total functional expenses$807,317
Part X · Balance sheet $979,074 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $42,129$70,759
X-10c Land, buildings and equipment, netStart of year $862,310$908,315
X-16 Total assetsStart of year $904,439$979,074
X-17 Accounts payable and accrued expensesStart of year $88,660$91,427
X-25 Other liabilitiesStart of year $1,056,830$1,128,698
X-26 Total liabilitiesStart of year $1,145,490$1,220,125
X-27 Net assets without donor restrictionsStart of year −$241,051−$241,051
X-32 Total net assets or fund balancesStart of year −$241,051−$241,051
X-33 Total liabilities and net assetsStart of year $904,439$979,074
Part XI · Reconciliation of net assets −$241,051 net assets at year end
XI-1 Total revenue$807,317
XI-2 Total expenses$807,317
XI-3 Revenue less expenses$0
XI-4 Net assets at start of year−$241,051
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$241,051

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

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