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Nonprofit · EIN 04-6207699

MILTON RESIDENCES FOR THE ELDERLY INC

Tax-exempt · MILTON, MA 02186

Financials

$1.8M$1.8M2023$1.8M$1.7M2024
Revenue Expenses · by fiscal year end
Financials of MILTON RESIDENCES FOR THE ELDERLY INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,773,247$1,731,112$42,135$19,256,306$16,217,560$3,038,746
December 31, 2023990$1,846,089$1,770,882$75,207$17,483,234$14,611,858$2,871,376
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$1,642,362
Investment income
$130,885
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$237,451
Other salaries and wages
$1,159,272
Salaries, compensation and benefits (total)
$1,604,828
Professional fundraising fees
$0
Legal fees
$16,381
Depreciation
$300
Program services (functional)
$1,359,491
Management and general (functional)
$371,621

Balance sheet and other

Total assets, start of year
$17,483,234
Total assets, end of year
$19,256,306
Total liabilities, end of year
$16,217,560
Net assets, end of year
$3,038,746
Land, buildings and equipment
$924
Net assets without donor restrictions
$3,038,746
Gross receipts
$1,773,247
Employees
34
Volunteers
15
Year formed
1968
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 / weekCompensationOther / benefits
SARAH MCLARENEXECUTIVE DIRECTOR
Key employee
40$189,865$27,257
W PAUL NEEDHAMPRESIDENT
Trustee or director, Officer
0.5$0$0
MICHAEL BRADYTRUSTEE
Trustee or director
0.3$0$0
MARITTA M CRONINSECRETARY
Trustee or director, Officer
0.5$0$0
BRANCH LANETRUSTEE
Trustee or director
0.3$0$0
GEORGE GEARYTREASURER
Trustee or director, Officer
0.5$0$0
EWALD CHARLESTRUSTEE
Trustee or director
0.3$0$0
CAROL SULLIVANTRUSTEE
Trustee or director
0.3$0$0
JOHN LOONEYTRUSTEE
Trustee or director
0.3$0$0
MICHAEL SULLIVANTRUSTEE
Trustee or director
0.3$0$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensationOther / benefits
SARAH MCLARENEXECUTIVE DIRECTOR
Key employee
40$225,000$26,061
W PAUL NEEDHAMPRESIDENT
Trustee or director, Officer
0.5$0$0
MICHAEL BRADYTRUSTEE
Trustee or director
0.3$0$0
MARITTA M CRONINSECRETARY
Trustee or director, Officer
0.5$0$0
BRANCH LANETRUSTEE
Trustee or director
0.3$0$0
GEORGE GEARYTREASURER
Trustee or director, Officer
0.5$0$0
EWALD CHARLESTRUSTEE
Trustee or director
0.3$0$0
CAROL SULLIVANTRUSTEE
Trustee or director
0.3$0$0
JOHN LOONEYTRUSTEE
Trustee or director
0.3$0$0
MICHAEL SULLIVANTRUSTEE
Trustee or director
0.3$0$0

Address and contacts

Address (IRS master file)
600 CANTON AVENUE, MILTON, MA 02186-3161
Principal officer (990 for 2024)
W PAUL NEEDHAM, 600 CANTON AVENUE, MILTON, MA 02186
Signed the 990
W PAUL NEEDHAM, PRESIDENT
Phone
(617) 698-3005
Return prepared by
GERALD T REILLY & COMPANY

Mission

ENDEAVORS TO MEET THE NEEDS OF THE SENIORS IN MILTON AND BEYOND, BY PROVIDING HOUSING AND SERVICES, WITH SENSITIVITY AND CARE AS A MEANS OF ASSURING THEIR WELL-BEING AND PRESERVING THEIR DIGNITY.

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDED STAFFING AND MANAGEMENT TO TWO PROPERTIES, 300 UNITS, IN ORDER TO PROVIDE AFFORDABLE HOUSING TO THE ELDERLY.
    Expenses $683,649 · revenue $1,124,720
  • SUPPORT SERVICES & SOCIAL ACTIVITIES- PROVIDE SOCIAL SERVICES INCLUDING PERSONAL AND HOME CARE, TRANSPORTATION AND ACTIVITIES FOR RESIDENTS.
    Expenses $675,842 · revenue $517,642

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
04-6207699
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1968
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P75Z)
Assets (IRS master file)
$19,256,306
Income (IRS master file)
$1,773,247

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,773,247$1,731,112$19,256,306XML
990December 2023$1,846,089$1,770,882$17,483,234XML
990December 2022$1,807,946$1,727,341$16,749,751IRS
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 04-6207699).

Questions about MILTON RESIDENCES FOR THE ELDERLY INC

What is the EIN of MILTON RESIDENCES FOR THE ELDERLY INC?
The employer identification number (EIN) of MILTON RESIDENCES FOR THE ELDERLY INC is 04-6207699.
Is MILTON RESIDENCES FOR THE ELDERLY INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1968.
Are donations to MILTON RESIDENCES FOR THE ELDERLY INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MILTON RESIDENCES FOR THE ELDERLY 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 MILTON RESIDENCES FOR THE ELDERLY 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 MILTON RESIDENCES FOR THE ELDERLY 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 MILTON RESIDENCES FOR THE ELDERLY INC?
The 990 for the year ended December 31, 2024 names W PAUL NEEDHAM.
Who are the officers and directors of MILTON RESIDENCES FOR THE ELDERLY INC?
The 990 for the year ended December 31, 2024 lists 10 people; 1 received compensation from the organization, the highest $189,865 (SARAH MCLAREN, EXECUTIVE DIRECTOR).
How much revenue does MILTON RESIDENCES FOR THE ELDERLY INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,773,247, expenses of $1,731,112 and total assets of $19,256,306 at year end.

Other nonprofits in MILTON

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