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Nonprofit · EIN 04-2857794

MI MANAGEMENT INC

Tax-exempt · LAWRENCE, MA 01841

Financials

$3.8M$3.4M2023$4M$3.7M2024
Revenue Expenses · by fiscal year end
Financials of MI MANAGEMENT INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$4,048,953$3,727,150$321,803$9,531,037$443,536$9,087,501
December 31, 2023990$3,766,398$3,446,791$319,607$8,571,842$389,667$8,182,175
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$29,146
Program service revenue
$3,898,819
Investment income
$120,988
Net gain from sales of assets
-$27,969
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$2,263,253
Salaries, compensation and benefits (total)
$2,646,397
Professional fundraising fees
$0
Accounting fees
$9,270
Depreciation
$67,893
Program services (functional)
$3,312,646
Management and general (functional)
$414,504

Balance sheet and other

Total assets, start of year
$8,571,842
Total assets, end of year
$9,531,037
Total liabilities, end of year
$443,536
Net assets, end of year
$9,087,501
Land, buildings and equipment
$674,827
Net assets without donor restrictions
$9,082,151
Net assets with donor restrictions
$5,350
Gross receipts
$4,184,526
Employees
58
Volunteers
9
Year formed
1984
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
Gerald FoleyPresident & CEO
Trustee or director, Officer
1$0$211,499$30,035
Kristine MaddenProgram Director
Highest-paid employee
40$0$122,962$5,344
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: 11 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
Gerald FoleyPresident & CEO
Trustee or director, Officer
1$0$145,217$29,137
Kristine MaddenProgram Director
Highest-paid employee
40$108,807$0$4,928
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)
172 LAWRENCE ST, LAWRENCE, MA 01841-3849
Principal officer (990 for 2024)
Gerard Foley, 172 Lawrence Street, Lawrence, MA 01841
Signed the 990
William Shaheen CPA, Treasurer
Phone
(978) 685-6321
Return prepared by
Baker Newman & Noyes

Mission

Mary Immaculate Management exists to develop and implement innovative, compassionate, competent, and responsive services and programs to address unmet needs of community elders.

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 that service the poor and the 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.The entire Mary Immaculate group of entities, colectively Mary Immaculate Healthcare Services (MIHCS), follows the methodology that is recommended by the Catholic Health Association for calculating the cost of support for the broader community. In this methodology, the cost of providing services is reduced by payments received for services, resulting in net cost. It is the net cost that MIHCS reports as its community benefit, and it includes the net cost of programs directed to the poor and unpaid costs of the Medicaid program.
    Expenses $3,312,646 · revenue $3,898,819

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
04-2857794
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization (509(a)(3))
Exempt since
1946
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$9,531,037
Income (IRS master file)
$4,184,526

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$4,048,953$3,727,150$9,531,037IRS
990December 2023$3,766,398$3,446,791$8,571,842XML
990December 2022$3,059,944$3,327,092$7,356,255IRS
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 04-2857794).

Questions about MI MANAGEMENT INC

What is the EIN of MI MANAGEMENT INC?
The employer identification number (EIN) of MI MANAGEMENT INC is 04-2857794.
Is MI MANAGEMENT INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1946.
Which annual return does MI MANAGEMENT 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 MANAGEMENT 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 MANAGEMENT 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 MANAGEMENT INC?
The 990 for the year ended December 31, 2024 names Gerard Foley.
Who are the officers and directors of MI MANAGEMENT INC?
The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
How much revenue does MI MANAGEMENT INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $4,048,953, expenses of $3,727,150 and total assets of $9,531,037 at year end.

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