Marc Resources Inc in Macon, Georgia (GA)

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Marc Resources Inc
Employer Identification Number (EIN)582099359
Name of OrganizationMarc Resources Inc
Address4664 Sheraton Dr, Macon, GA 31210-1322
ActivitiesLow and moderate income housing
SubsectionCharitable Organization
Ruling Date01/1993
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$290,595
Amount of Income$135,666
Form 990 Revenue Amount$135,666
National Taxonomy of Exempt Entities (NTEE)Housing, Shelter: Public Housing Facilities

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Amount of income in 2014: $135,666 (it was $139,546 in 2013)
This organization: 

Other organizations performing similar types of work: 


Assets in 2014: $290,595 (it was $308,335 in 2013)
This organization: 

Other organizations performing similar types of work: 


Expenses in 2014: $131,586
Marc Resources Inc: 

Other organizations performing similar types of work: 


Income to expenses ratio in 2014: 1.0
Marc Resources Inc: 

Other organizations performing similar types of work: 


Financial snapshot ($)

Revenue for 2014

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue$142,780$125,887$139,546$135,666
Contributions, gifts, grants, and similar amounts received$0$0$0$0
Program service revenue including government fees and contracts$142,663$125,800$139,449$135,567
Membership dues and assessments$0$0$0$0
Investment income$117$87$97$99
Gain/Loss from sale of assets other than inventory$0$0$0$0
Net income/loss from gaming and fundraising events$0$0$0$0
Gross profit/loss from sales of inventory$0$0$0$0
Other revenue$0$0$0$0
Total expenses$167,365$143,723$141,417$131,586
Total net assets$-186,107$-203,943$-205,814$-201,728
Excess/Deficit for the year$-24,585$-17,836$-1,871$4,080
Net assets or fund balances at beginning of year$-161,522$-186,107$-203,943$-205,808
Other changes in net assets or fund balances$0$0$0$0
Net assets or fund balances at end of year$-203,943$-205,814$-201,728
Balance Sheets
Total assets$328,344$326,540$308,335$290,595
Total liabilities$514,451$530,483$514,149$492,323
Net assets or fund balances$-186,107$-203,943$-205,814$-201,728
Other Information
Did the organization engage in any significant activity not previously reported to the IRS?NoNoNo
Were any significant changes made to the organizing or governing documents?NoNoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNoNo
Has the organization filed a Form 990-T for the year?NoNoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNoNo
Amount of political expenditures, direct or indirect$0$0$0
Did the organization file Form 1120-POL for this year?NoNoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNoNo
Total amount involved$0$0$0
Initiation fees and capital contributions$0$0$0$0
Gross receipts for public use of club facilities$0$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNoNo
Reason for Public Charity Status (for 2014)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2010 - 2014)
2010 - 2014 Total
Public support$687,085
Gifts, grants, contributions, and membership fees received$461,894
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$225,191
Gross receipts from activities that are not an unrelated trade or business under section 513$0
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Amounts received from disqualified persons$0
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support$0
Total support$688,471
Public support$687,085
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$612
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income$774
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Villa San Pedro Hdc Inc505 W Julian St, San Jose, CA 95110-2338CA1991-06$16,962,440
2Rural Ulster Preservation Company Inc289 Fair St, Kingston, NY 12401-3843NY1982-03$8,377,405
3Winter Haven Baptist Manor Inc140 Avenue A Sw, Winter Haven, FL 33880-6303FL1978-09$6,412,506
4Broadway Towers Inc3447 Greystone Cir, Atlanta, GA 30341-5854GA1979-03$5,471,563
5Clairmont Oaks Inc441 Clairemont Ave, Decatur, GA 30030-1894GA1974-07$2,844,296
6Initiative For Affordable Housing Dekalb Inc1434 Scott Blvd Suite 200, Decatur, GA 30030-1424GA1992-04$2,402,623
7Smyrna Towers Inc4000 South Cobb Drive, Smyrna, GA 30080-6325GA1978-09$1,874,082
8Baptist Towers Corp1881 Myrtle Dr Sw, Atlanta, GA 30311-4961GA1974-12$1,873,187
9Friendship Center Inc432 Beckwith Ct Sw Apt B, Atlanta, GA 30314-4812GA1995-03$1,262,859
10Agape Housing IncPO BOX 450049, Atlanta, GA 31145-0049GA1981-07$612,922
11Greenville Elderly Housing IncPO BOX 450049, Atlanta, GA 31145-0049GA1989-03$517,465
12South Seventh Corporation2405 Satellite Blvd Ste 100, Duluth, GA 30096-9084GA1986-02$511,607
13Malmaison Villas IncPO BOX 450049, Atlanta, GA 31145-0049GA1987-08$425,387
14Greenwood Elderly Housing IncPO BOX 450049, Atlanta, GA 31145-0049GA1989-03$409,778
15Elderwood IncPO BOX 1447, Waycross, GA 31502-1447GA1985-10$236,445
16Statesboro Association For Housing IncPO BOX 507, Statesboro, GA 30459-0507GA1983-11$47,510
17Lewinson Hall IncPO BOX 2666, Dalton, GA 30722-2666GA1997-11$0
18Philos Foundation Inc144 Vidal Boulevard, Decatur, GA 30030GA1997-02$0
19Philos I Inc144 Vidal Boulevard, Decatur, GA 30030GA1997-02$0
20West Georgia Community Development Corporation108 Pine Grove Cir, Newnan, GA 30263-2895GA1996-01$0
Number of organizations performing similar types of work
District of Columbia3
North Carolina24
New Hampshire8
New Jersey14
New Mexico2
New York50
Rhode Island5
South Carolina5
South Dakota3
West Virginia2
Total703 is not associated with, endorsed by, or sponsored by Marc Resources Inc and has no official or unofficial affiliation with Marc Resources Inc