Civic Intelligence

Matthew 25 Inc.

990 • Fiscal year 2021 • EIN 22-2967513

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 10, 2021

Organization Profilematt25.org
52 Queen StreetWorcester, MA 01610

(508) 757-5189

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

46th percentile

0.05x

Higher debt load relative to assets than 46% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

72nd percentile

0.30x

Higher debt load relative to revenue than 72% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

40th percentile

7.1%

Higher net margin than 40% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

36th percentile

3.5%

Faster asset growth than 36% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

31st percentile

-0.7%

Faster revenue growth than 31% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets46th percentile

Assets

Up

$2,033,688

Up $68,961 (+3.5%) from 2020

Net Assets

Up

$1,928,414

Up $80,909 (+4.4%) from 2020

Liabilities

Down

$105,274

Down $11,948 (-10%) from 2020

Revenue And Expenses
Liabilities / Revenue72nd percentileNet Margin40th percentile

Revenue

Down

$353,915

Down $2,393 (-0.7%) from 2020

Expenses

Up

$328,846

Up $11,730 (+3.7%) from 2020

Net Income

Down

$25,069

Down $14,123 (-36%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth36th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2010: $1,692,958Liabilities 2010: $158,671Net Assets 2010: $1,534,2872010Assets 2011: $1,680,535Liabilities 2011: $101,311Net Assets 2011: $1,579,2242011Assets 2012: $1,831,386Liabilities 2012: $184,165Net Assets 2012: $1,647,2212012Assets 2013: $1,899,371Liabilities 2013: $181,830Net Assets 2013: $1,717,5412013Assets 2014: $2,094,889Liabilities 2014: $195,451Net Assets 2014: $1,899,4382014Assets 2015: $2,160,852Liabilities 2015: $182,279Net Assets 2015: $1,978,5732015Assets 2016: $2,112,830Liabilities 2016: $172,754Net Assets 2016: $1,940,0762016Assets 2017: $1,833,546Liabilities 2017: $126,131Net Assets 2017: $1,707,4152017Assets 2018: $1,881,748Liabilities 2018: $122,046Net Assets 2018: $1,759,7022018Assets 2019: $1,922,951Liabilities 2019: $111,014Net Assets 2019: $1,811,9372019Assets 2020: $1,964,727Liabilities 2020: $117,222Net Assets 2020: $1,847,5052020Assets 2021: $2,033,688Liabilities 2021: $105,274Net Assets 2021: $1,928,4142021Assets 2022: $2,120,416Liabilities 2022: $102,897Net Assets 2022: $2,017,5192022Assets 2023: $2,250,421Liabilities 2023: $88,170Net Assets 2023: $2,162,2512023Assets 2024: $2,338,653Liabilities 2024: $64,318Net Assets 2024: $2,274,3352024Assets 2025: $2,581,954Liabilities 2025: $78,542Net Assets 2025: $2,503,4122025

Highlighted filing

2021

Assets$2,033,688
Liabilities$105,274
Net Assets$1,928,414
Open 2021 Filing

Operations Trend

Revenue Growth31st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $233,6482010Revenue 2011: $285,916Expenses 2011: $277,579Net Income 2011: $8,3372011Expenses 2012: $297,1732012Expenses 2013: $286,8212013Revenue 2014: $478,956Expenses 2014: $297,059Net Income 2014: $181,8972014Revenue 2015: $397,040Expenses 2015: $316,845Net Income 2015: $80,1952015Revenue 2016: $352,871Expenses 2016: $386,101Net Income 2016: -$33,2302016Revenue 2017: $476,263Expenses 2017: $726,598Net Income 2017: -$250,3352017Revenue 2018: $394,916Expenses 2018: $363,210Net Income 2018: $31,7062018Revenue 2019: $372,426Expenses 2019: $325,413Net Income 2019: $47,0132019Revenue 2020: $356,308Expenses 2020: $317,116Net Income 2020: $39,1922020Revenue 2021: $353,915Expenses 2021: $328,846Net Income 2021: $25,0692021Revenue 2022: $419,418Expenses 2022: $295,411Net Income 2022: $124,0072022Revenue 2023: $416,885Expenses 2023: $323,880Net Income 2023: $93,0052023Revenue 2024: $369,854Expenses 2024: $324,610Net Income 2024: $45,2442024Revenue 2025: $536,740Expenses 2025: $374,596Net Income 2025: $162,1442025

Highlighted filing

2021

Revenue$353,915
Expenses$328,846
Net Income$25,069
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 10, 2021
Return Version
2020v4.1
Gross Receipts
$353,915
Mission and Program Overview

Mission

Purchase and renovate distressed residential properties. Rent renovated properties to low income individuals and families. Food and other relief for the poor.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,304,574$1,223,916▼ $80,658
Cash and Non-Interest-Bearing Accounts$74,574$147,394▲ $72,820
Savings and Temporary Cash Investments$19,947$19,980▲ $33
Accounts Receivable$21,691$15,217▼ $6,474
Intangible Assets$2,000$2,000→ $0
Total Assets$1,964,727$2,033,688▲ $68,961
Other Assets Total$541,941$625,181▲ $83,240
Liabilities
Mortgage Notes Payable Secured by Investment Property$70,000$58,000▼ $12,000
Accounts Payable and Accrued Expenses$35,122$47,274▲ $12,152
Unsecured Notes Loans Payable$12,100--
Total Liabilities$117,222$105,274▼ $11,948
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,649,133$1,676,693▲ $27,560
Net Assets With Donor Restrictions$198,372$251,721▲ $53,349
Total Net Assets Fund Balance$1,847,505$1,928,414▲ $80,909
Total Liabilities and Net Assets / Fund Balance$1,964,727$2,033,688▲ $68,961

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$947,020$1,271,081$2,218,101
Land$222,069-$222,069
Other Land Buildings$54,727-$54,727
Equipment$100$2,203$2,303
Other Assets Org$386,998--
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Emily MurrayPresident
Frances MeringoloDirector
Margaret BramleyDirector
Mark HendersonDirector
Pam RomanDirector
Seth RomanDirector
Frederick EnmanExecutive Director
Mary RobinsClerk
Mark FerrariTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$123,319
Program Service Revenue
$216,159
Investment Income
$37
Other Revenue
$14,400
All Other Contributions
$123,319
Change in Net Assets
$25,069
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$312,615
Grants and Similar Amounts Paid$16,231
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$80,657--$80,657
Other Expenses$59,966--$59,966
Fees for Services Management$25,959--$25,959
Insurance$18,802--$18,802
Grants to Domestic Individuals$16,231--$16,231
All Other Expenses$13,825--$13,825
Fees for Services Accounting-$10,800-$10,800
Fees for Services Other-$7,000-$7,000
Office Expenses$661$3,086-$3,747
Interest$2,766--$2,766
Total Functional Expenses$307,960$20,886$0$328,846
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

“A committee of the board reviews other comparable non-profit organizations to determine the salary of the one regional director employee. Position is currently vacant. A DRAFT copy of the form 990 was e-mailed to all board members prior to filing. The members had an opportunity to ask questions and make comments prior to finanizing the return.”

Conflict of interest policy compliance Part VI line 12C

“Board members are required to report any conflict of interest that may arise at the time it arises or at the next scheduled board meeting. Board members are polled annually to confirm they have no conflicts of interest.”

CEO executive director top management comp Part VI line 15A

“The executive director of the agency does not generally receive any salary or other form of compensation for the services he performs for the agency.”

Other officer or key employee compensation Part VI line 15B

“The directors and officers of the agency serve on a volunteer basis. They do not receive any compensation or benefits.”

Governing documents etc available to public Part VI line 19

“Governing documents including tax filing and annual review financial reports are available to anyone upon request. Requestors will be given an opportunity to view the documents at the agency office or may receive a copy for a nominal fee.”

Filing and Contact Details

Filer

Filer Name
Matthew 25 Inc
EIN
22-2967513
Address
52 Queen Street, Worcester, MA 01610

Signing Officer

Name
Emily Murray
Title
President
Phone
5087575189
Signed
2021-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Frederick Enman
Formed
1998
Legal Domicile
Ma
Voting Board Members
9
Independent Board Members
9
Employees
1
Volunteers
60

Preparer

Firm
McCullough & Associates
Address
573 Chandler Street, Worcester, MA 01602
Preparer
William F McCullough III
Phone
5087551376
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“Part XI Line 9 Other Changes In Net Assets or Fund BalanceUnrealized gain on investments for the year is $53,340.”

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IRS990/ReconcilationRevenueExpnssAmt025069
IRS990/RegularMonitoringEnfrcInd0true
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IRS990ScheduleA/PublicSupportPY170Pct00.90250
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IRS990ScheduleA/SubstantialContributorsTotAmt097572
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0194989
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0241604
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0831533
IRS990ScheduleA/TotalSupportAmt0831859
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0947020
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01271081
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IRS990ScheduleD/EquipmentGrp/BookValueAmt0100
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02203
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02303
IRS990ScheduleD/LandGrp/BookValueAmt0222069
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0222069
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0238183
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1386998
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Beneficial interest in GWCF account
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Construction in progress
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt054727
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt054727
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01223916
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0625181
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A committee of the board reviews other comparable non-profit organizations to determine the salary of the one regional director employee. Position is currently vacant. A DRAFT copy of the form 990 was e-mailed to all board members prior to filing. The members had an opportunity to ask questions and make comments prior to finanizing the return.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board members are required to report any conflict of interest that may arise at the time it arises or at the next scheduled board meeting. Board members are polled annually to confirm they have no conflicts of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The executive director of the agency does not generally receive any salary or other form of compensation for the services he performs for the agency.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The directors and officers of the agency serve on a volunteer basis. They do not receive any compensation or benefits.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Governing documents including tax filing and annual review financial reports are available to anyone upon request. Requestors will be given an opportunity to view the documents at the agency office or may receive a copy for a nominal fee.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Part XI Line 9 Other Changes In Net Assets or Fund BalanceUnrealized gain on investments for the year is $53,340.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Explanation of other changes in net assets or fund balances Part XI line 9
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
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IRS990/TotalEmployeeCnt01
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt020886
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0307960
IRS990/TotalFunctionalExpensesGrp/TotalAmt0328846
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0117222
IRS990/TotalLiabilitiesEOYAmt0105274
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IRS990/TotalLiabilitiesGrp/EOYAmt0105274
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0353915
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt060
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01964727
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02033688
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt012100
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0matt25.org
IRS990/WhistleblowerPolicyInd0false
IRS990/WrittenPolicyOrProcedureInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,033,688
Liabilities
$105,274
Net assets
$1,928,414
Revenue
$353,915
Expenses
$328,846
Net income
$25,069
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.58$0.08$2.50$0.54$0.37$0.16
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.34$0.06$2.27$0.37$0.32$0.05
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.25$0.09$2.16$0.42$0.32$0.09
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.12$0.10$2.02$0.42$0.30$0.12
2021Detailed filing. Detailed filing data is available for this year.$2.03$0.11$1.93$0.35$0.33$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.96$0.12$1.85$0.36$0.32$0.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.92$0.11$1.81$0.37$0.33$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.88$0.12$1.76$0.39$0.36$0.03
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.83$0.13$1.71$0.48$0.73$0.25
2016Detailed filing. Detailed filing data is available for this year.$2.11$0.17$1.94$0.35$0.39$0.03
2015Detailed filing. Detailed filing data is available for this year.$2.16$0.18$1.98$0.40$0.32$0.08
2014Detailed filing. Detailed filing data is available for this year.$2.09$0.20$1.90$0.48$0.30$0.18
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.90$0.18$1.72$0.29
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.83$0.18$1.65$0.30
2011Summary only. Only limited summary data is available for this year.$1.68$0.10$1.58$0.29$0.28$0.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.69$0.16$1.53$0.23