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Nonprofit · EIN 06-1228885

MGRS INC

Tax-exempt · MIDDLETOWN, CT 06457

Financials

$511K$305K2023$482K$435K2024$267K$306K2025
Revenue Expenses · by fiscal year end
Financials of MGRS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
March 31, 2026990$266,868$306,462-$39,594$1,897,191$0$1,897,191
March 31, 2025990$482,073$435,171$46,902$2,456,941$62,585$2,394,356
March 31, 2024990$511,347$304,575$206,772$2,387,609$67,099$2,320,510
Financial details: 990 for the year ended March 31, 2026

Revenue

Contributions, gifts and grants
$0
Program service revenue
$252,521
Investment income
$14,347
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$625
Depreciation
$78,631
Program services (functional)
$306,462

Balance sheet and other

Total assets, start of year
$2,456,940
Total assets, end of year
$1,897,191
Total liabilities, end of year
$0
Net assets, end of year
$1,897,191
Land, buildings and equipment
$685,118
Publicly traded securities
$793,873
Gross receipts
$266,868
Employees
0
Volunteers
0
Year formed
1986
State of legal domicile
CT

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 March 31, 2026, highest compensation first.

NameTitleHours / weekCompensation
Marie WebsterTreasurer
Officer
1$3,800
Mark MasselliDirector
Officer
1$0
William VasiliouPresident
Officer
1$0
Anthony VasiliouDirector
Officer
1$0
Joseph SantanielloDirector
Officer
1$0
990 for the year ended March 31, 2025: 5 people
NameTitleHours / weekCompensation
Marie WebsterDirector
Officer
1$4,500
Mark MasselliDirector
Officer
1$0
William VasiliouSecretary Treasurer
Officer
1$0
Anthony VasiliouDirector
Officer
1$0
Joseph SantanielloDirector
Officer
3$0
990 for the year ended March 31, 2024: 7 people
NameTitleHours / weekCompensation
Mark MasselliDirector
Officer
1$0
William VasiliouSecretary Treasurer
Officer
2$0
Anthony VasiliouDirector
Officer
1$0
Sarah AtwellDirector
Officer
1$0
John RumbergerDirector
Officer
1$0
Marie WebsterDirector
Officer
1$0
Joseph SantanielloDirector
Officer
1$0

Address and contacts

Address (IRS master file)
98 WASHINGTON ST, MIDDLETOWN, CT 06457-2803
In care of
% WILLIAM VASILIOU
Principal officer (990 for 2025)
William Vasiliou, 98 WASHINGTON ST, MIDDLETOWN, CT 06457
Signed the 990
Marie Webster, Director Bookkeeper
Phone
(860) 919-9241

Mission

Manage and Develop Affordable Housing

990 for the year ended March 31, 2026

Program accomplishments

  • Manage and Develop Affordable Housing
    Expenses $306,462 · revenue $266,659

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 March, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025March 31, 2026August 17, 2026990 on file
2024March 31, 2025August 15, 2025990 on file
2023March 31, 2024August 15, 2024990 on file

IRS record

EIN
06-1228885
Tax-exempt status
501(c)(4): Social welfare organization
Donations deductible (Pub 78)
Organization other than a public charity or private foundation
Exempt since
1994
Accounting year ends
March
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,897,191
Income (IRS master file)
$266,868

Filing history

FormYear endedRevenueExpensesAssetsReturn
990March 2026$266,868$306,462$1,897,191IRS
990March 2025$482,073$435,171$2,456,941XML
990March 2024$511,347$304,575$2,387,609XML
990March 2023$427,452$326,325$2,254,628IRS
990March 2022–––IRS
990March 2021–––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 06-1228885).

Questions about MGRS INC

What is the EIN of MGRS INC?
The employer identification number (EIN) of MGRS INC is 06-1228885.
Is MGRS INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1994.
Are donations to MGRS INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Organization other than a public charity or private foundation).
Which annual return does MGRS 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 MGRS INC due?
The return for tax year 2026 (the year ending March 31, 2027) is due August 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MGRS INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended March 2026.
Who is the principal officer of MGRS INC?
The 990 for the year ended March 31, 2026 names William Vasiliou.
Who are the officers and directors of MGRS INC?
The 990 for the year ended March 31, 2026 lists 5 people; 1 received compensation from the organization, the highest $3,800 (Marie Webster, Treasurer).
How much revenue does MGRS INC have?
On its 990 for the year ended March 31, 2026 it reported revenue of $266,868, expenses of $306,462 and total assets of $1,897,191 at year end.

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