Margert Community Corporation
Margert Community Corporation shows consistent growth in assets and revenue with no reported officer compensation.
EIN: 112534700 · Far Rockaway, NY · NTEE: L81Z · Updated: 2026-03-28
About Margert Community Corporation
Margert Community Corporation (EIN: 112534700) is a nonprofit organization based in Far Rockaway, NY, classified under NTEE code L81Z. The organization reported total revenue of $2.7M and total assets of $3.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Margert Community Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Margert Community Corporation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Margert Community Corporation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This suggests a volunteer-led executive structure or that compensation is categorized differently, which is a strong positive for directing funds to programs.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Margert Community Corporation's IRS 990 filings:
- Unusually high liabilities relative to assets in some periods (e.g., 201503, 201403)
- Lack of detailed spending breakdown (program vs. admin vs. fundraising) in provided data, making efficiency analysis difficult without assumptions.
Strengths
The following positive indicators were identified for Margert Community Corporation:
- Consistent reporting of 0% officer compensation, indicating strong commitment to mission-focused spending.
- Steady growth in assets, reaching $3,529,623 in 202303, demonstrating financial stability.
- Consistent revenue generation, with an upward trend in recent years, indicating sustainable operations.
- Positive net assets (Assets > Liabilities) in most recent filings, showing financial health.
Frequently Asked Questions about Margert Community Corporation
How does Margert Community Corporation manage to operate without officer compensation?
The consistent reporting of 0% officer compensation suggests that executive leadership may be entirely volunteer-based or compensated through other means not classified as 'officer compensation' on the 990, which is highly unusual for an organization of its size and revenue. Further investigation into their operational model would be beneficial.
What is the specific breakdown of program activities funded by Margert Community Corporation?
While the NTEE code L81Z indicates 'Housing, Shelter, & Homeless Services, Other,' the provided data does not detail the specific programs or services delivered. Understanding the nature and impact of these programs would provide a clearer picture of their mission effectiveness.
What is the reason for the significant increase in liabilities from $282,078 in 202003 to $912,553 in 202303?
The substantial increase in liabilities over the past few years, while assets have also grown, warrants further examination to understand if this is due to program expansion, capital investments, or other financial obligations.
Filing History
IRS 990 filing history for Margert Community Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Margert Community Corporation's revenue has declined by 43.6%, moving from $5.7M to $3.2M. Total assets increased by 88.7% over the same period, from $1.9M to $3.5M. Total functional expenses fell by 42.1%, from $5.6M to $3.3M. In its most recent filing year (2023), Margert Community Corporation reported a deficit of $26K, with expenses exceeding revenue. The organization holds $913K in liabilities against $3.5M in assets (debt-to-asset ratio: 25.9%), resulting in net assets of $2.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $3.2M | $3.3M | $3.5M | $913K | — | View 990 |
| 2022 | $2.1M | $2.0M | $3.3M | $687K | — | View 990 |
| 2021 | $1.7M | $1.7M | $2.9M | $419K | — | View 990 |
| 2020 | $1.5M | $1.5M | $2.7M | $282K | — | View 990 |
| 2019 | $1.9M | $1.9M | $3.0M | $467K | — | View 990 |
| 2018 | $1.8M | $1.8M | $3.1M | $598K | — | View 990 |
| 2017 | $1.8M | $1.7M | $3.1M | $637K | — | View 990 |
| 2016 | $1.8M | $1.8M | $3.2M | $757K | — | View 990 |
| 2015 | $2.7M | $2.6M | $640K | $877K | — | View 990 |
| 2014 | $3.5M | $3.9M | $745K | $1.0M | — | View 990 |
| 2013 | $4.1M | $4.2M | $1.1M | $980K | — | View 990 |
| 2012 | $7.2M | $7.6M | $678K | $555K | — | View 990 |
| 2011 | $5.7M | $5.6M | $1.9M | $1.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.2M, expenses of $3.3M, and assets of $3.5M (revenue +55.0% year-over-year).
- 2022: Revenue of $2.1M, expenses of $2.0M, and assets of $3.3M (revenue +20.0% year-over-year).
- 2021: Revenue of $1.7M, expenses of $1.7M, and assets of $2.9M (revenue +14.3% year-over-year).
- 2020: Revenue of $1.5M, expenses of $1.5M, and assets of $2.7M (revenue -21.3% year-over-year).
- 2019: Revenue of $1.9M, expenses of $1.9M, and assets of $3.0M (revenue +10.4% year-over-year).
- 2018: Revenue of $1.8M, expenses of $1.8M, and assets of $3.1M (revenue -1.8% year-over-year).
- 2017: Revenue of $1.8M, expenses of $1.7M, and assets of $3.1M (revenue -2.2% year-over-year).
- 2016: Revenue of $1.8M, expenses of $1.8M, and assets of $3.2M (revenue -31.5% year-over-year).
- 2015: Revenue of $2.7M, expenses of $2.6M, and assets of $640K (revenue -23.6% year-over-year).
- 2014: Revenue of $3.5M, expenses of $3.9M, and assets of $745K (revenue -15.9% year-over-year).
- 2013: Revenue of $4.1M, expenses of $4.2M, and assets of $1.1M (revenue -42.3% year-over-year).
- 2012: Revenue of $7.2M, expenses of $7.6M, and assets of $678K (revenue +25.2% year-over-year).
- 2011: Revenue of $5.7M, expenses of $5.6M, and assets of $1.9M.
Data Sources and Methodology
This transparency report for Margert Community Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.