Nonprofit · EIN 51-0642496
MARBURY TERRACE INC
Tax-exempt · JAMAICA PLAIN, MA 02130
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,078,586 | $1,124,771 | -$46,185 | $26,237,845 | $20,024,579 | $6,213,266 |
| June 30, 2024 | 990 | $850,564 | $1,159,015 | -$308,451 | $26,233,940 | $19,974,489 | $6,259,451 |
| June 30, 2023 | 990 | $978,386 | $1,153,704 | -$175,318 | $26,492,551 | $19,924,649 | $6,567,902 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $290,671
- Program service revenue
- $815,838
- Investment income
- -$27,923
- Net gain from sales of assets
- -$30,623
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Depreciation
- $807,617
- Program services (functional)
- $807,866
- Management and general (functional)
- $316,905
Balance sheet and other
- Total assets, start of year
- $26,233,940
- Total assets, end of year
- $26,237,845
- Total liabilities, end of year
- $20,024,579
- Net assets, end of year
- $6,213,266
- Land, buildings and equipment
- $22,464,508
- Net assets without donor restrictions
- $6,213,266
- Gross receipts
- $1,109,209
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2007
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DAVID B WATERS | PRESIDENT Trustee or director, Officer | 3 | $0 | $335,774 | $61,726 |
| SILIFATA WALLACE | CHIEF FINANCIAL OFFICER Officer | 1 | $0 | $192,138 | $57,153 |
| PETER ZANE | TREASURER Trustee or director, Officer | 2 | $0 | $0 | $0 |
| MAUREEN GOGGIN | CLERK Trustee or director, Officer | 2 | $0 | $0 | $0 |
| CARL AXELROD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RICHARD OLSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DAVID WATERS | PRESIDENT Trustee or director, Officer | 3 | $0 | $318,277 | $58,340 |
| SILIFATA WALLACE | CHIEF FINANCIAL OFFICER Officer | 1 | $0 | $185,851 | $46,966 |
| RICHARD OLSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CARL AXELROD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MAUREEN GOGGIN | CLERK Trustee or director, Officer | 1 | $0 | $0 | $0 |
| PETER ZANE | TREASURER Trustee or director, Officer | 2 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 6 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DAVID WATERS | PRESIDENT Trustee or director, Officer | 3 | $0 | $287,082 | $46,771 |
| SILIFATA WALLACE | CHIEF FINANCIAL OFFICER Officer | 1 | $0 | $94,308 | $16,255 |
| RICHARD OLSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CARL AXELROD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MAUREEN GOGGIN | CLERK Trustee or director, Officer | 1 | $0 | $0 | $0 |
| PETER ZANE | TREASURER Trustee or director, Officer | 2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 179 AMORY ST, JAMAICA PLAIN, MA 02130-4515
- In care of
- % COMMUNITY SERVINGS
- Principal officer (990 for 2024)
- DAVID B WATERS, 179 AMORY STREET, JAMAICA PLAIN, MA 02130
- Signed the 990
- DAVID B WATERS, PRESIDENT
- Phone
- (617) 522-7777
- Return prepared by
- CITRIN COOPERMAN ADVISORS LLC
Mission
REAL ESTATE DEVELOPMENT FOR COMMUNITY SERVINGS, INC.
Program accomplishments
- SUPPORTED THE OPERATIONS OF COMMUNITY SERVINGS, INC. BY HOLDING REAL ESTATE AND THE RELATED DEBT.Expenses $807,866 · revenue $815,838
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
- 51-0642496
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2009
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L02)
- Assets (IRS master file)
- $26,237,845
- Income (IRS master file)
- $1,109,209
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,078,586 | $1,124,771 | $26,237,845 | XML |
| 990 | June 2024 | $850,564 | $1,159,015 | $26,233,940 | IRS |
| 990 | June 2023 | $978,386 | $1,153,704 | $26,492,551 | XML |
| 990 | June 2022 | $822,238 | $1,136,358 | $26,618,029 | 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 51-0642496).
Questions about MARBURY TERRACE INC
- What is the EIN of MARBURY TERRACE INC?
- The employer identification number (EIN) of MARBURY TERRACE INC is 51-0642496.
- Is MARBURY TERRACE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to MARBURY TERRACE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does MARBURY TERRACE 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 MARBURY TERRACE 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 MARBURY TERRACE 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 MARBURY TERRACE INC?
- The 990 for the year ended June 30, 2025 names DAVID B WATERS.
- Who are the officers and directors of MARBURY TERRACE INC?
- The 990 for the year ended June 30, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does MARBURY TERRACE INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,078,586, expenses of $1,124,771 and total assets of $26,237,845 at year end.
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All nonprofits in JAMAICA PLAIN · Massachusetts · Housing and shelter