Civic Intelligence

Mrcs V Inc.

990 • Fiscal year 2021 • EIN 46-2778089

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 01, 2022

Organization Profilewww.citizens-inc.org
189 Wheatley RoadBrookville, NY 11545

(516) 626-1000

Siviq Scores

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

Liabilities / Assets

78th percentile

0.48x

Higher debt load relative to assets than 78% of similar nonprofits.

2021 filings • NTEE P • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

98th percentile

8.42x

Higher debt load relative to revenue than 98% of similar nonprofits.

2021 filings • NTEE P • $1M-$5M nonprofits • Source year 2021

Net Margin

10th percentile

-16%

Higher net margin than 10% of similar nonprofits.

2021 filings • NTEE P • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

100th percentile

$1,034,486

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 665.9% of source-year revenue.

2021 filings • NTEE P • $1M-$5M nonprofits • Source year 2021

Asset Growth

24th percentile

-2.0%

Faster asset growth than 24% of similar nonprofits.

2021 filings • NTEE P • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

34th percentile

0.0%

Faster revenue growth than 34% of similar nonprofits.

2021 filings • NTEE P • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets78th percentile

Assets

Down

$2,721,894

Down $55,828 (-2.0%) from 2020

Net Assets

Down

$1,413,623

Down $25,292 (-1.8%) from 2020

Liabilities

Down

$1,308,271

Down $30,536 (-2.3%) from 2020

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin10th percentile

Revenue

Up

$155,347

Up $60 (+0.0%) from 2020

Expenses

Up

$180,639

Up $28,217 (+19%) from 2020

Net Income

Down

-$25,292

Down $28,157 (-983%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth24th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2017: $3,227,818Liabilities 2017: $1,827,994Net Assets 2017: $1,399,8242017Assets 2018: $3,115,138Liabilities 2018: $1,702,480Net Assets 2018: $1,412,6582018Assets 2019: $2,841,131Liabilities 2019: $1,405,081Net Assets 2019: $1,436,0502019Assets 2020: $2,777,722Liabilities 2020: $1,338,807Net Assets 2020: $1,438,9152020Assets 2021: $2,721,894Liabilities 2021: $1,308,271Net Assets 2021: $1,413,6232021Assets 2022: $2,665,158Liabilities 2022: $1,285,062Net Assets 2022: $1,380,0962022Assets 2023: $2,615,606Liabilities 2023: $1,253,496Net Assets 2023: $1,362,1102023Assets 2024: $2,615,953Liabilities 2024: $1,275,364Net Assets 2024: $1,340,5892024

Highlighted filing

2021

Assets$2,721,894
Liabilities$1,308,271
Net Assets$1,413,623
Open 2021 Filing

Operations Trend

Revenue Growth34th percentile

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

$200K$100K$0-$100KRevenue 2017: $156,311Expenses 2017: $132,728Net Income 2017: $23,5832017Revenue 2018: $155,730Expenses 2018: $142,896Net Income 2018: $12,8342018Revenue 2019: $155,832Expenses 2019: $132,440Net Income 2019: $23,3922019Revenue 2020: $155,287Expenses 2020: $152,422Net Income 2020: $2,8652020Revenue 2021: $155,347Expenses 2021: $180,639Net Income 2021: -$25,2922021Revenue 2022: $155,521Expenses 2022: $189,048Net Income 2022: -$33,5272022Revenue 2023: $159,666Expenses 2023: $177,652Net Income 2023: -$17,9862023Revenue 2024: $177,783Expenses 2024: $199,304Net Income 2024: -$21,5212024

Highlighted filing

2021

Revenue$155,347
Expenses$180,639
Net Income-$25,292
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 1, 2022
Return Version
2021v4.0
Gross Receipts
$155,347
Mission and Program Overview

Mission

To provide housing to individuals with development disabilities partially funded by US HUD, NYS OPWDD, and residents.

The mission of MRCS V, Inc. is to provide housing to individuals with developmental disabilities in two residences located in Greenlawn and Commack, NY.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,669,654$2,608,787▼ $60,867
Cash and Non-Interest-Bearing Accounts$82,149$68,110▼ $14,039
Accounts Receivable-$13,585-
Prepaid Expenses and Deferred Charges$307$307→ $0
Total Assets$2,777,722$2,721,894▼ $55,828
Other Assets Total$25,612$31,105▲ $5,493
Liabilities
Other Liabilities$1,327,829$1,297,771▼ $30,058
Accounts Payable and Accrued Expenses$10,500$10,500→ $0
Deferred Revenue$478--
Total Liabilities$1,338,807$1,308,271▼ $30,536
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,396,400$1,396,400→ $0
Net Assets Without Donor Restrictions$42,515$17,223▼ $25,292
Total Net Assets Fund Balance$1,438,915$1,413,623▼ $25,292
Total Liabilities and Net Assets / Fund Balance$2,777,722$2,721,894▼ $55,828

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,008,787$320,239$2,329,026
Land$600,000-$600,000
Equipment$0$26,106$26,106
Other Land Buildings$0$0$0
Leasehold Improvements$0$0$0
Compensation and Service Providers
Top Officer Pay100th percentile

Board Members and Trustees

NameTitle
Victor LaPomaPresident
Robert MolloyVice President
Andy TarquinioDirector
Thomas F MooreDirector
Thomas McCauleyDirector
Stanfort J PerryExecutive Director
Willard T DerrChief Financial Officer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$88,428
Investment Income
$42
Other Revenue
$66,877
Change in Net Assets
$-25,292

Audited Revenue Reconciliation

Revenue per Audited Statements
$155,347
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$155,347
Total Revenue per Form 990
$155,347
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$180,639
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$60,867--$60,867
Occupancy$22,644--$22,644
Insurance$15,129--$15,129
Fees for Services Accounting-$12,720-$12,720
Fees for Services Management-$8,784-$8,784
Other Expenses$291$0$0$291
Total Functional Expenses$159,135$21,504$0$180,639

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$180,639
Total Expenses per Audited Statements$180,639
Total Expenses per Form 990$180,639
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to affiliate - acquisition of property$1,185,825
Due to affiliate$111,946
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Management services are provided by Citizens Options Unlimited, Inc.'s ("Citizens") management personnel, consistent with the requirements of the U.S. Department of Housing and Urban Development Project Owner's / Management Agent Certification. Management services include, but are not limited to, executive leadership, corporate compliance, administrative support services, information technology, purchasing, accounts payable, accounting and financial reporting. The Board of Directors of Citizens has designated a Compensation Committee which reviews compensation of its officers and key employees, including but not limited to, those employees who provide management services. The Compensation Committee utilizes, and retains for its records, comparable industry data, employee tenure and skill evaluations, and financial condition of Citizens in establishing compensation policy.”

Form 990, Part VI, Section A, Line 6

“The sole member of MRCS V, Inc. is Citizens, which has the authority to elect new Board Members.”

Form 990, Part VI, Section A, Line 7A

“The sole member of MRCS V is Citizens, which has the authority to elect new Board Members.”

Form 990, Part VI, Section A, Line 7B

“Citizens Options Unlimited, Inc. may approve certain decisions of the MRCS V governing body.”

Form 990, Part VI, Section B, Line 11B

“The Form 990 is prepared by Citizens' Finance Department personnel and is reviewed by independent accountants. The Form 990 is provided to the Board of Director's prior to filing.”

Form 990, Part VI, Section B, Line 12C

“The organization monitors its conflict of interest policy. All officers, directors, and key employees, are required to confirm their compliance annually in writing. Any statements with disclosures are reviewed by the organization's Board of Directors.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Mrcs V Inc
EIN
46-2778089
Phone
5166261000
Address
189 Wheatley Road, Brookville, NY 11545

Signing Officer

Name
Victor LaPoma
Title
President
Phone
5166261000
Signed
2022-11-01

Organization Details

Principal Officer
Victor LaPoma
Formed
2013
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5
Supplemental Narrative

Financial Statement Notes

Schedule D, Part X, Line 2

“MRCS V was incorporated in the state of New York and is exempt from federal and state income taxes under Section 501(c)(3) of the Internal Revenue Code (the Code). MRCS V has been determined by the Internal Revenue Service (IRS) not to be a "private foundation" within the meaning of Section 509(a) of the Code. There was no unrelated business income from an unrelated trade or business for 2021. Under U.S. GAAP, an organization must recognize the financial statement effects of a tax position taken for tax return purposes when it is more likely than not that the position will not be sustained upon examination by a taxing authority. MRCS V does not believe it has taken any material uncertain tax positions and, accordingly, it has not recorded any liability for unrecognized tax benefits. MRCS V has filed for and received income tax exemptions in the jurisdictions where it is required to do so. Additionally, MRCS V has filed IRS Form 990 information returns, as required, and all other applicable returns in jurisdictions where so required. For the year ended December 31, 2021, there were no interest or penalties recorded or included in the statement of activities. MRCS V is subject to routine audits by a taxing authority. As of December 31, 2021, MRCS V was not subject to any examination by a taxing authority.”

Raw XML AppendixShowing 400 of 542 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt010500
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt010500
IRS990/AccountsReceivableGrp/EOYAmt013585
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0The mission of MRCS V, Inc. is to provide housing to individuals with developmental disabilities in two residences located in Greenlawn and Commack, NY.
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/PersonNm0Willard T Derr
IRS990/BooksInCareOfDetail/PhoneNum05166261000
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0189 Wheatley Road
IRS990/BooksInCareOfDetail/USAddress/CityNm0Brookville
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd011545
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt082149
IRS990/CashNonInterestBearingGrp/EOYAmt068110
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt042
IRS990/CYOtherExpensesAmt0180639
IRS990/CYOtherRevenueAmt066877
IRS990/CYProgramServiceRevenueAmt088428
IRS990/CYRevenuesLessExpensesAmt0-25292
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0180639
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0155347
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt0478
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt060867
IRS990/DepreciationDepletionGrp/TotalAmt060867
IRS990/Desc0To operate and maintain two residences, located in Greenlawn and Commack, New York, for twelve developmentally disabled adults.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonatedServicesAndUseFcltsAmt00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt01396400
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt01396400
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0159135
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt012720
IRS990/FeesForServicesAccountingGrp/TotalAmt012720
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt08784
IRS990/FeesForServicesManagementGrp/TotalAmt08784
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt010
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt110
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt35
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt45
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt55
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt65
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt068229
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1125700
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0Willard T Derr
IRS990/Form990PartVIISectionAGrp/PersonNm1Stanfort J Perry
IRS990/Form990PartVIISectionAGrp/PersonNm2Victor LaPoma
IRS990/Form990PartVIISectionAGrp/PersonNm3Robert Molloy
IRS990/Form990PartVIISectionAGrp/PersonNm4Thomas F Moore
IRS990/Form990PartVIISectionAGrp/PersonNm5Thomas McCauley
IRS990/Form990PartVIISectionAGrp/PersonNm6Andy Tarquinio
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0966257
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1525460
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chief Financial Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt1Executive Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02013
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt00
IRS990/GainOrLossGrp/SecuritiesAmt00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0155347
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IncmFromInvestBondProceedsGrp/ExclusionAmt00
IRS990/IncmFromInvestBondProceedsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IncmFromInvestBondProceedsGrp/UnrelatedBusinessRevenueAmt00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt015129
IRS990/InsuranceGrp/TotalAmt015129
IRS990/InvestmentExpenseAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt042
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt042
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0346345
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02669654
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02608787
IRS990/LandBldgEquipCostOrOtherBssAmt02955132
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/ExclusionAmt00
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt00
IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/MissionDesc0To provide housing to individuals with development disabilities partially funded by US HUD, NYS OPWDD, and residents.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01438915
IRS990/NetAssetsOrFundBalancesEOYAmt01413623
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt042515
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt017223
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt022644
IRS990/OccupancyGrp/TotalAmt022644
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt025612
IRS990/OtherAssetsTotalGrp/EOYAmt031105
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Operating / Maintenance
IRS990/OtherExpensesGrp/Desc1Miscellaneous taxes and fees
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt060204
IRS990/OtherExpensesGrp/ProgramServicesAmt1291
IRS990/OtherExpensesGrp/TotalAmt060204
IRS990/OtherExpensesGrp/TotalAmt1291
IRS990/OtherLiabilitiesGrp/BOYAmt01327829
IRS990/OtherLiabilitiesGrp/EOYAmt01297771
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Other Revenue - Debt Forgiveness
IRS990/OtherRevenueMiscGrp/ExclusionAmt066877
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt066877
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt00
IRS990/OtherRevenueTotalAmt066877
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0307
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0307
IRS990/PrincipalOfficerNm0Victor LaPoma
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0Rental revenue
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt088428
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt088428
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0202
IRS990/PYOtherExpensesAmt0152422
IRS990/PYOtherRevenueAmt066877
IRS990/PYProgramServiceRevenueAmt088208
IRS990/PYRevenuesLessExpensesAmt02865
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0152422
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0155287
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-25292
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt088428
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Citizens Options Unlimited, Inc. ("Citizens"), the sole member corporation of MRCS V, paid for a portion of property acquisitions on behalf of MRCS V. Citizens is being reimbursed for its funding of the property acquisitions by New York State Office for People with Developmental Disabilities ("OPWDD") over a number of years. Citizens forgives a portion of the debt due from MRCS V as it receives reimbursement from New York State OPWDD and MRCS V records a forgiveness of debt accordingly.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part III, Line 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt042
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0202
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0259
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0336
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0298
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01137
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt088428
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt088208
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt088696
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt088517
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt089136
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0442985
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt042
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0202
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0259
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0336
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0298
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01137
IRS990ScheduleA/InvestmentIncomeCYPct00.00146
IRS990ScheduleA/InvestmentIncomePYPct00.00121
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt066877
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt066877
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt066877
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt066877
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt066877
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0334385
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.56902
IRS990ScheduleA/PublicSupportPY509Pct00.86039
IRS990ScheduleA/PublicSupportTotal509Amt0442985
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt088428
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt088208
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt088696
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt088517
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt089136
IRS990ScheduleA/Total509Grp/TotalAmt0442985
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0155347
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0155287
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0155832
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0155730
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0156311
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0778507
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02008787
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0320239
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02329026
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt00
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt026106
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt026106
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0180639
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/LandGrp/BookValueAmt0600000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0600000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LossesReportedAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt00
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0111946
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11185825
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due to affiliate
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Due to affiliate - acquisition of property
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0155347
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MRCS V was incorporated in the state of New York and is exempt from federal and state income taxes under Section 501(c)(3) of the Internal Revenue Code (the Code). MRCS V has been determined by the Internal Revenue Service (IRS) not to be a "private foundation" within the meaning of Section 509(a) of the Code. There was no unrelated business income from an unrelated trade or business for 2021. Under U.S. GAAP, an organization must recognize the financial statement effects of a tax position taken for tax return purposes when it is more likely than not that the position will not be sustained upon examination by a taxing authority. MRCS V does not believe it has taken any material uncertain tax positions and, accordingly, it has not recorded any liability for unrecognized tax benefits. MRCS V has filed for and received income tax exemptions in the jurisdictions where it is required to do so. Additionally, MRCS V has filed IRS Form 990 information returns, as required, and all other applicable returns in jurisdictions where so required. For the year ended December 31, 2021, there were no interest or penalties recorded or included in the statement of activities. MRCS V is subject to routine audits by a taxing authority. As of December 31, 2021, MRCS V was not subject to any examination by a taxing authority.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02608787
IRS990ScheduleD/TotalExpensesPerForm990Amt0180639
IRS990ScheduleD/TotalLiabilityAmt01297771
IRS990ScheduleD/TotalRevenuePerForm990Amt0155347
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0155347
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0180639
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0490409
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1305188
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt1643230
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt095612
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt138141
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt030088
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt130088
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt035052
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt1661069

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$2,721,894
Liabilities
$1,308,271
Net assets
$1,413,623
Revenue
$155,347
Expenses
$180,639
Net income
-$25,292
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.62$1.28$1.34$0.18$0.20$0.02
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.62$1.25$1.36$0.16$0.18$0.02
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.67$1.29$1.38$0.16$0.19$0.03
2021Detailed filing. Detailed filing data is available for this year.$2.72$1.31$1.41$0.16$0.18$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.78$1.34$1.44$0.16$0.15$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.84$1.41$1.44$0.16$0.13$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.12$1.70$1.41$0.16$0.14$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.23$1.83$1.40$0.16$0.13$0.02