Nonprofit · EIN 31-1712796
OPTIONS PROPERTIES INC
Tax-exempt · MARLBOROUGH, MA 01752
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $136,564 | $174,073 | -$37,509 | $556,181 | $544,160 | $12,021 |
| June 30, 2024 | 990 | $137,025 | $150,211 | -$13,186 | $600,137 | $550,607 | $49,530 |
| June 30, 2023 | 990 | $105,122 | $157,782 | -$52,660 | $599,655 | $536,939 | $62,716 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $136,548
- Investment income
- $16
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $43,043
- Salaries, compensation and benefits (total)
- $51,910
- Professional fundraising fees
- $0
- Accounting fees
- $6,000
- Occupancy
- $48,572
- Depreciation
- $38,996
- Program services (functional)
- $174,073
Balance sheet and other
- Total assets, start of year
- $600,137
- Total assets, end of year
- $556,181
- Total liabilities, end of year
- $544,160
- Net assets, end of year
- $12,021
- Land, buildings and equipment
- $475,878
- Net assets without donor restrictions
- -$663,279
- Net assets with donor restrictions
- $675,300
- Gross receipts
- $136,564
- Employees
- 0
- Volunteers
- 3
- Year formed
- 1999
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHANNON LEARY | EXECUTIVE DIRECTOR Officer | 1 | $169,668 | $5,900 |
| LORI FAVATA | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| MARY RAPA | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| SHERRILL CLINE | CLERK Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SHANNON LEARY | EXECUTIVE DIRECTOR Officer | 1 | $0 | $167,438 | $5,282 |
| LORI FAVATA | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MARY RAPA | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ROBERT SOUSA | TREASURER (LEFT 03/2024) Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SHERRILL CLINE | CLERK Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SHANNON LEARY | EXECUTIVE DIRECTOR Officer | 1 | $0 | $134,446 | $8,711 |
| LORI FAVATA | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MARY RAPA | VICE PRESIDENT (AS OF 09/2022) Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ROBERT SOUSA | TREASURER, FORMER VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SHERRILL CLINE | CLERK Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 82 BRIGHAM ST, MARLBOROUGH, MA 01752-3137
- In care of
- % JAMES L BUECHL
- Principal officer (990 for 2024)
- SHANNON LEARY, 82 BRIGHAM STREET, MARLBOROUGH, MA 01752
- Signed the 990
- SHANNON LEARY, EXECUTIVE DIRECTOR
- Phone
- (508) 485-5051
- Return prepared by
- NON PROFIT CAPITAL MANAGEMENT LLC
Mission
TO PROVIDE ELDERLY, DISABLED AND/OR HANDICAPPED PERSONS OF LOW-INCOME WITH HOUSING, ACTIVITIES, AND SERVICES.
Program accomplishments
- SUBSIDIZED HOUSING - PROVIDE SUBSIDIZED HOUSING FOR 10 INDIVIDUALS.Expenses $174,073 · revenue $136,548
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 31-1712796
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2000
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L22)
- Assets (IRS master file)
- $556,181
- Income (IRS master file)
- $136,564
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $136,564 | $174,073 | $556,181 | XML |
| 990 | June 2024 | $137,025 | $150,211 | $600,137 | XML |
| 990 | June 2023 | $105,122 | $157,782 | $599,655 | XML |
| 990 | June 2022 | $106,998 | $151,986 | $646,836 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 31-1712796).
Questions about OPTIONS PROPERTIES INC
- What is the EIN of OPTIONS PROPERTIES INC?
- The employer identification number (EIN) of OPTIONS PROPERTIES INC is 31-1712796.
- Is OPTIONS PROPERTIES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to OPTIONS PROPERTIES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OPTIONS PROPERTIES 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 OPTIONS PROPERTIES INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OPTIONS PROPERTIES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of OPTIONS PROPERTIES INC?
- The 990 for the year ended June 30, 2025 names SHANNON LEARY.
- Who are the officers and directors of OPTIONS PROPERTIES INC?
- The 990 for the year ended June 30, 2025 lists 4 people; 1 received compensation from the organization, the highest $169,668 (SHANNON LEARY, EXECUTIVE DIRECTOR).
- How much revenue does OPTIONS PROPERTIES INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $136,564, expenses of $174,073 and total assets of $556,181 at year end.
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All nonprofits in MARLBOROUGH · Massachusetts · Housing and shelter