Lawrence, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MI Residential Community Inc, founded in 1977, is a community nonprofit that reported $6.1M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.9M, a strong 32% operating margin.
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.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $6,125,792 | $4,962,076 | +0.2% |
| Expenses | $4,186,169 | $4,054,380 | +0.0% |
| Net Income | $1,939,623 | $907,696 | +1.1% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Gerard Foley | President & CEO | 1.00 |
Officer
Director
|
$0 | $29,137 | $174,354 |
| Raisa T Carrasco-Velez | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Rev John Delaney | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Roger Desjardins | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Deacon Eric Peabody | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Sr Marcia Wiley | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Deborah L Turiano MD | Chair | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| William Shaheen CPA | Treasurer | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Samer Obeid Esq | Secretary | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Karen Gallagher Giangrande | Clerk (end 4/2023) | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $6,125,792 | $4,186,169 | $19,859,171 | $1,939,623 |
| 2022 | $4,962,076 | $4,054,380 | $17,848,604 | $907,696 |
| 2021 | $4,740,596 | $3,712,996 | $17,052,896 | $1,027,600 |
| 2020 | $4,485,145 | $3,908,993 | $16,157,709 | $576,152 |
| 2019 | $4,750,780 | $3,867,668 | $15,812,890 | $883,112 |
| 2018 | $4,081,497 | $3,659,490 | $14,619,387 | $422,007 |
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