NonprofitsMi Residential Community Inc

Mi Residential Community Inc

LAWRENCE, MA

Total revenue

$6.6M

Total expenses

$4.1M

Net assets

$14.9M

Grants received

EIN

042647207

Tax year

2024

Mission

Mary Immaculate Residential Community exists to provide an affordable, safe, and enriched living environment for low income elders and persons with disabilities. Supportive services such as housekeeping, personal care, shopping, transportation, and social opportunities are coordinated by on site staff to ensure elders are able to age in place with dignity and maximum independence. Social and religious activities are offered on site and open to all.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$6.6M
Investment income$7K
Other revenue$29K
Total revenue$6.6M

Expenses

Grants paid
Salaries & benefits$959K
Fundraising
Other expenses$3.2M
Total expenses$4.1M
Total assets$22.2M
Net assets$14.9M

People

9 listed

NameRoleCompensation

Gerard Foley

President & CEO

Board

1 hrs/wk

Raisa T Carrasco-Velez

Director

Board

1 hrs/wk

Rev John Delaney

Director

Board

1 hrs/wk

Roger Desjardins

Director

Board

1 hrs/wk

Deacon Eric Peabody

Director

Board

1 hrs/wk

Sr Marcia Wiley

Director

Board

1 hrs/wk

Deborah L Turiano MD

Chair

Board

1 hrs/wk

William Shaheen CPA

Treasurer

Board

1 hrs/wk

Samer Obeid Esq

Secretary

Board

1 hrs/wk

Independent contractors

Essex Companies

General contractor

$169K

Stanley Elevators

Elevator maintance

$118K

Details

EIN042647207
Subsection03
Ruling date1946-03
Formed1977
Employees19
Volunteers9
MI RESIDENTIAL COMMUNITY INC — Mission, Financials & Grants Received | Grantivo