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Nonprofit · EIN 04-2647207

MI RESIDENTIAL COMMUNITY INC

Tax-exempt · LAWRENCE, MA 01841

Financials

$6.1M$4.2M2023$6.6M$4.1M2024
Revenue Expenses · by fiscal year end
Financials of MI RESIDENTIAL COMMUNITY INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$6,622,454$4,132,434$2,490,020$22,190,395$7,311,823$14,878,572
December 31, 2023990$6,125,792$4,186,169$1,939,623$19,859,171$7,470,619$12,388,552
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$6,586,821
Investment income
$6,762
Net rental income
$28,871
Other revenue
$28,871

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$811,509
Salaries, compensation and benefits (total)
$959,139
Professional fundraising fees
$0
Legal fees
$10,048
Accounting fees
$42,200
Occupancy
$685,671
Depreciation
$891,722
Program services (functional)
$3,372,019
Management and general (functional)
$760,415

Balance sheet and other

Total assets, start of year
$19,859,171
Total assets, end of year
$22,190,395
Total liabilities, end of year
$7,311,823
Net assets, end of year
$14,878,572
Land, buildings and equipment
$8,271,097
Net assets without donor restrictions
$8,831,162
Net assets with donor restrictions
$6,047,410
Gross receipts
$6,622,454
Employees
19
Volunteers
9
Year formed
1977
State of legal domicile
MA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
Gerard FoleyPresident & CEO
Trustee or director, Officer
1$0$211,499$30,035
Raisa T Carrasco-VelezDirector
Trustee or director
1$0$0$0
Rev John DelaneyDirector
Trustee or director
1$0$0$0
Roger DesjardinsDirector
Trustee or director
1$0$0$0
Deacon Eric PeabodyDirector
Trustee or director
1$0$0$0
Sr Marcia WileyDirector
Trustee or director
1$0$0$0
Deborah L Turiano MDChair
Trustee or director, Officer
1$0$0$0
William Shaheen CPATreasurer
Trustee or director, Officer
1$0$0$0
Samer Obeid EsqSecretary
Trustee or director, Officer
1$0$0$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
Gerard FoleyPresident & CEO
Trustee or director, Officer
1$0$145,217$29,137
Raisa T Carrasco-VelezDirector
Trustee or director
1$0$0$0
Rev John DelaneyDirector
Trustee or director
1$0$0$0
Roger DesjardinsDirector
Trustee or director
1$0$0$0
Deacon Eric PeabodyDirector
Trustee or director
1$0$0$0
Sr Marcia WileyDirector
Trustee or director
1$0$0$0
Deborah L Turiano MDChair
Trustee or director, Officer
1$0$0$0
William Shaheen CPATreasurer
Trustee or director, Officer
1$0$0$0
Samer Obeid EsqSecretary
Trustee or director, Officer
1$0$0$0
Karen Gallagher GiangrandeClerk (end 4/2023)
Trustee or director, Officer
1$0$0$0

Address and contacts

Address (IRS master file)
189 MAPLE STREET, LAWRENCE, MA 01841-3761
Principal officer (990 for 2024)
Gerard Foley, 189 Maple Street, Lawrence, MA 01841
Signed the 990
William Shaheen CPA, Treasurer
Phone
(978) 685-6321
Return prepared by
Baker Newman & Noyes

Mission

Mary Immaculate Residential Community exists to provide an affordable, safe, and enriched living environment for low income elders and persons with disabilities. Supportive services such as housekeeping, personal care, shopping, transportation, and social opportunities are coordinated by on site staff to ensure elders are able to age in place with dignity and maximum independence. Social and religious activities are offered on site and open to all.

990 for the year ended December 31, 2024

Program accomplishments

  • Marguerite d'Youville, Mother of Universal Charity, began a rich tradition of caring for the most vulnerable. The Grey Nuns have continued this tradition by focusing on programs serving the poor and underserved. In the spirit of Marguerite d'Youville and the Grey Nuns, the community of Mary Immaculate continues to serve those most vulnerable through its sponsorship of a wide variety of good neighbor activities. These activities are organized and facilitated by our mission department.
    Expenses $3,372,019 · revenue $6,586,821

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
04-2647207
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Exempt since
1946
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$22,190,395
Income (IRS master file)
$6,622,454

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$6,622,454$4,132,434$22,190,395XML
990December 2023$6,125,792$4,186,169$19,859,171XML
990December 2022$4,962,076$4,054,380$17,848,604IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-2647207).

Questions about MI RESIDENTIAL COMMUNITY INC

What is the EIN of MI RESIDENTIAL COMMUNITY INC?
The employer identification number (EIN) of MI RESIDENTIAL COMMUNITY INC is 04-2647207.
Is MI RESIDENTIAL COMMUNITY INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1946.
Which annual return does MI RESIDENTIAL COMMUNITY INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of MI RESIDENTIAL COMMUNITY INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MI RESIDENTIAL COMMUNITY INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of MI RESIDENTIAL COMMUNITY INC?
The 990 for the year ended December 31, 2024 names Gerard Foley.
Who are the officers and directors of MI RESIDENTIAL COMMUNITY INC?
The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
How much revenue does MI RESIDENTIAL COMMUNITY INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $6,622,454, expenses of $4,132,434 and total assets of $22,190,395 at year end.

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