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Organizations MI Residential Community Inc

MI Residential Community Inc

Fiscal year ending 2024. Filed on October 30, 2025.

189 Maple Street
Lawrence, Massachusetts 01841

MI Residential Community Inc (EIN: 04-2647207) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, MI Residential Community Inc, a 501(c)(3) charitable organization, reported compensation for 1 out of 19 total employees. Among the employees shown here, the average compensation is $241,534. The highest compensated employee at MI Residential Community Inc is Gerard Foley with fiscal year 2024 compensation of $241,534.

Revenue, expenses, and employee compensation

Revenue

$6,622,454

Expenses

$4,132,434

Employee compensation

$959,139
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Gerard Foley
President and Chief Executive Officer
$241,534
$0 $211,499 $30,035

Benchmark Employee Compensation

Non-Employee Board Members

Deacon Eric Peabody
Director
Deborah L Turiano, M.D.
Chair
Raisa T Carrasco-Velez
Director
Rev John Delaney
Director
Roger Desjardins
Director
Samer Obeid, Esq
Secretary
Sr Marcia Wiley
Director
William Shaheen, Cpa
Treasurer

Contractors

Essex Companies
General Contractor
$168,788
Stanley Elevators
Elevator Maintance
$118,211

Mission Statement

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.

Revisions to this organization profile

October 30, 2025:
2024 MI Residential Community Inc 990 filed
November 14, 2024:
2023 MI Residential Community Inc 990 filed
November 14, 2023:
2022 MI Residential Community Inc 990 filed

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Other organizations also named MI Residential Community

MI Residential Community Ii Inc.
Lawrence, Massachusetts
MI Residential Community III Inc.
Lawrence, Massachusetts