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Malden City Employees Credit Union

Organization summary

Organization summary might be incomplete or out of date

This organization is not listed in the IRS's most recent list of tax exempt organizations, but we have data associated with this Employer Identification Number.

Summary charts: organization finances over time

Revenue
$256k (2015)

Expenses
$508k (2015)

Total Assets
$13.6M (2015)

Total Liabilities
$12.2M (2015)

Source: Form 990 tax filings from 2011 to 2015

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$255,867
Expenses
$507,602
Net Income
-$251,735
Net Assets
$1,447,383
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $187,599
73.3%
Investment Income $39,879
15.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $28,388
11.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $141,573
27.9%
Assets/Debt
Total Assets $13,619,656
Total Liabilities $12,172,273
Net Assets $1,447,383

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$324,173
Expenses
$402,389
Net Income
-$78,216
Net Assets
$1,699,218
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $241,081
74.4%
Investment Income $0
Bond Proceeds $50,760
15.7%
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $32,332
10.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $100,000
24.9%
Professional Fundraising Fees $0
Other Salaries and Wages $49,020
12.2%
Assets/Debt
Total Assets $13,715,445
Total Liabilities $12,016,227
Net Assets $1,699,218
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Roberta J Connolly (Ceo/Manager) $65,000 $0 $0
Jody Faulkner (Director/Operations) $35,000 $0 $0
John Preziosa (Director) $0 $0 $0
Jeffrey Donahue (Vice Chairman) $0 $0 $0
John Marsinelli (Director) $0 $0 $0
Charles Duquet (Chairman) $0 $0 $0
Sheila Wilcox (Clerk) $0 $0 $0
Gary Gottschalk (Director) $0 $0 $0
George Mackay (Director) $0 $0 $0
Mike Caggiano (Director) $0 $0 $0
Karen Bushee (Director) $0 $0 $0
Rocky Brooks (Director) $0 $0 $0
Kathy Hannan (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$370,149
Expenses
$500,249
Net Income
-$130,100
Net Assets
$1,782,881
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $300,152
81.1%
Investment Income $0
Bond Proceeds $46,639
12.6%
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $23,358
6.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $210,173
42.0%
Assets/Debt
Total Assets $12,907,686
Total Liabilities $11,124,805
Net Assets $1,782,881
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Roberta J Connolly (Ceo/Manager) $65,000 $0 $0
Helen Grasso (Loan Officer) $43,310 $0 $0
John Preziosa (Director) $0 $0 $0
Jeffrey Donahue (Vice Chairman) $0 $0 $0
John Marsinelli (Director) $0 $0 $0
Charles Duquet (Chairman) $0 $0 $0
Sheila Wilcox (Clerk) $0 $0 $0
Gary Gottschalk (Director) $0 $0 $0
George Mackay (Director) $0 $0 $0
Mike Caggiano (Director) $0 $0 $0
Karen Bushee (Director) $0 $0 $0
Rocky Brooks (Director) $0 $0 $0
Kathy Hannan (Treasurer) $0 $0 $0
Jody Faulkner (Director/Operations) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$445,029
Expenses
$525,091
Net Income
-$80,062
Net Assets
$1,879,018
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $384,900
86.5%
Investment Income $0
Bond Proceeds $38,649
8.7%
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $21,480
4.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $232,248
44.2%
Assets/Debt
Total Assets $12,214,816
Total Liabilities $10,335,798
Net Assets $1,879,018

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$482,420
Expenses
$506,282
Net Income
-$23,862
Net Assets
$1,946,441
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $420,337
87.1%
Investment Income $0
Bond Proceeds $46,930
9.7%
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $15,153
3.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $245,554
48.5%
Assets/Debt
Total Assets $12,057,838
Total Liabilities $10,111,397
Net Assets $1,946,441

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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