Margaret Wagner Apartments Inc
Nonprofit profile at a glance
- EIN
- 341951915
- IRS 990-EZ coverage
- 2024–2025
- Forms available
- Form 990 2023, Form 990-EZ 2025
- Location
- Cleveland Heights, OH, USA
- Phone
- 2163731602
- Rating confidence
- Limited
- Sector
- Low-Income & Subsidized Rental Housing
Reported finances
- Revenue
- $0
- Expenses
- $0
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- ORION H BELL IV (PRESIDENT & CEO)
People named in this filing
- BETH SIPPLE (BOARD MEMBER)
- ORION H BELL IV (PRESIDENT & CEO)
- MARY MARITA (SR VP & COO)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide low-income housing, under hud section 202 provisions, to elderly people. There are 24 rental units available for this purpose.
What it reported doing in 2025
Mw apartments offer independent, supportive housing for low-income older adults ages 62 and older (all residents qualify as low-income per hud guidelines). The apartments are subsidized under the department of housing and urban development (hud) section 202 supportive housing for the elderly program. There are 24 rental units available for this purpose. Effective june 21, 2023, the prac covering the mwa low-income housingunits was transferred to margaret wagner senior apartments, lp. As aresult, hud terminated and released mwa from the compliance with thesection 202 program. However, the 40-year mortgage note payableoriginally taken out was not forgiven, and the balance was assigned and assumed by the benjamin rose institute, a related organization.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 74
- Sustainability: NotEnoughData
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 90%; rating input score 90; 2nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: Limited
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: Limited
- Revenue growth: -3.2% per year; rating input score 0; 39th percentile among comparable filings
- Asset growth: -9.6% per year; rating input score 0; 18th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 5 of 6 current checks pass · 1 finding to review
- Schedules: 2 filed schedules
- Filing history: 2 filing years from 2024 to 2025
- Contacts: How to reach this organization
- Related organizations: 9 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Transparency & Controls: Series filing activity did not reconcile in the filed values.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.