Nonprofit · EIN 20-2568487
MERS REAL ESTATE CORPORATION
Tax-exempt (reinstated) · LANSING, MI 48917
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $0 | $396,438 | -$396,438 | $7,112,033 | $8,592,389 | -$1,480,356 |
| December 31, 2024 | 990 | $396,753 | $415,508 | -$18,755 | $7,105,996 | $8,189,914 | -$1,083,918 |
| December 31, 2023 | 990 | $212,920 | $424,428 | -$211,508 | $8,355,493 | $9,420,656 | -$1,065,163 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Depreciation
- $396,438
Balance sheet and other
- Total assets, start of year
- $7,105,996
- Total assets, end of year
- $7,112,033
- Total liabilities, end of year
- $8,592,389
- Net assets, end of year
- -$1,480,356
- Land, buildings and equipment
- $5,479,483
- Net assets without donor restrictions
- -$1,480,356
- Gross receipts
- $0
- Employees
- 0
- Volunteers
- 9
- Year formed
- 2005
- State of legal domicile
- MI
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS STIBITZ | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| ELISABETH WALDOFSKY | TREASURER Trustee or director, Officer | 0.5 | $0 |
| KERRIE VANDEN BOSCH | PRESIDENT Trustee or director, Officer | 0.5 | $0 |
990 for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS STIBITZ | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| ELISABETH WALDOFSKY | TREASURER Trustee or director, Officer | 0.5 | $0 |
| KERRIE VANDEN BOSCH | PRESIDENT Trustee or director, Officer | 0.5 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS STIBITZ | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| ELISABETH WALDOFSKY | TREASURER Trustee or director, Officer | 0.5 | $0 |
| KERRIE VANDEN BOSCH | PRESIDENT Trustee or director, Officer | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 1134 MUNICIPAL WAY, LANSING, MI 48917-7886
- In care of
- % PATRICIA J TARINI
- Mailing address (990-N for 2016)
- 1134 Municipal Way, Lansing MI 48917
- Principal officer (990 for 2025)
- ELISABETH WALDOFSKY, 1134 MUNICIPAL WAY, LANSING, MI 48917
- Principal officer (990-N for 2016)
- Patricia Tarini, 1134 Municipal, Lansing MI 48917
- Signed the 990
- ELISABETH WALDOFSKY, TREASURER
- Phone
- (517) 703-9722
- Return prepared by
- MANER COSTERISAN PC
Mission
TO HOLD REAL ESTATE ASSETS AS PERMITTED UNDER 501(C)(25) ON BEHALF OF MUNICIPAL EMPLOYEES' RETIREMENT SYSTEM.
Program accomplishments
- HOLDING AND MANAGING REAL ESTATE FOR MUNICIPAL EMPLOYEES' RETIREMENT SYSTEM.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-2568487
- Tax-exempt status
- 501(c)(25): Title-holding corporation for multiple parents
- Donations deductible
- No
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S47)
- Assets (IRS master file)
- $7,112,033
Revocation and reinstatement
- Exemption revoked
- May 15, 2013
- Posted by the IRS
- April 14, 2014
- Reinstated
- Effective May 15, 2013
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $0 | $396,438 | $7,112,033 | XML |
| 990 | December 2024 | $396,753 | $415,508 | $7,105,996 | XML |
| 990 | December 2023 | $212,920 | $424,428 | $8,355,493 | XML |
| 990 | December 2022 | $169,523 | $393,987 | $8,593,736 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2016 Officer: Patricia Tarini | December 31, 2016 | ≤ $50,000 receipts | – | – | e-Postcard |
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 20-2568487).
Questions about MERS REAL ESTATE CORPORATION
- What is the EIN of MERS REAL ESTATE CORPORATION?
- The employer identification number (EIN) of MERS REAL ESTATE CORPORATION is 20-2568487.
- Is MERS REAL ESTATE CORPORATION tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2013 and reinstated it effective May 15, 2013.
- Are donations to MERS REAL ESTATE CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MERS REAL ESTATE CORPORATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of MERS REAL ESTATE CORPORATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MERS REAL ESTATE CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of MERS REAL ESTATE CORPORATION?
- The 990 for the year ended December 31, 2025 names ELISABETH WALDOFSKY.
- Who are the officers and directors of MERS REAL ESTATE CORPORATION?
- The 990 for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does MERS REAL ESTATE CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $0, expenses of $396,438 and total assets of $7,112,033 at year end.
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All nonprofits in LANSING · Michigan · Community improvement and capacity building