Mary Fund Inc

Nonprofit profile at a glance

EIN
061004778
IRS 990-EZ coverage
2020–2024
Forms available
Form 990-EZ 2024, Form 990-N 2012
Location
Norwalk, CT, USA
Rating
47
Verdict
MIXED
Rating confidence
Moderate
Sector
Patient Services - Entertainment, Recreation

Reported finances

Revenue
$157,200
Expenses
$44,255
Assets
$147,749

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • FRANK FARRICKER (PRESIDENT)

People named in this filing

  • FRANK FARRICKER (PRESIDENT)
  • Lisa Farricker (DIRECTOR)
  • Ashley Avitable (Director)

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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The purpose of the mary fund inc. Is to develop finance own lease and manage safe quality and permanently affordable housing for low and moderate income families and individuals in the areas we are operating throughout the united states. The mary fund seeks to treat affordable housing as an opportunity to elevate the lives not only of residents of properties it serves but the communities in which they reside. Housing communities need not only be places of dwelling but they can be locations where lives can be renewed innovation and imagination can be spurred and pride can be instilled.

What it reported doing in 2024

Since 1979 the mary fund inc. Has provided direct assistance to those helping to alleviate the burdens of life and those of families. We seek primarily to alleviate these burdens by the creation of outstanding housing communities and do so through the following activities:1 identify underwrite and acquire non-profit housing communities through the united states2 ethically manage and operate these communities in the absence of any discrimination favoritism sexism or ageism with the goal of a truly equal playing field for all3 aim for the long-term ownership of our communities with an integrated set of organizing principles4 provide as many opportunities outside of residency as can be achieved for our tenants

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 100
  • Sustainability: 80
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 71.8%; rating input score 97; 97th percentile among comparable filings
  • Total-asset coverage ratio: 3.34; rating input score 91; 91st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 54.9% per year; rating input score 100; 96th percentile among comparable filings
  • Asset growth: 34.9% per year; rating input score 100; 90th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 5 of 5 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 4 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • 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.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.