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Braintree Irf Investment Group Inc

Organization summary

Type of Nonprofit

Designated as a Title holding corporations or trusts with multiple parent corporations, which hold titles and pay over income from property to 35 or fewer parents or beneficiaries.

Category: Community Improvement, Capacity Building / Real Estate Organizations (NTEE)

Donations to this organization are not tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$4.44M (2023)

Expenses
$1.55M (2023)

Total Assets
$70.1M (2023)

Total Liabilities
$28.9M (2023)

Source: Form 990 tax filings from 2015 to 2023

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.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,435,502
Expenses
$1,554,760
Net Income
$2,880,742
Net Assets
$41,155,613
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,421,843
99.7%
Investment Income $13,659
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $70,098,848
Total Liabilities $28,943,235
Net Assets $41,155,613
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Michael L Mchargue (President) $0 $0 $0
Samuel Depoy (Vp/Secretary/Treasurer) $0 $0 $0
Kim Smith (Vice President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,947,447
Expenses
$2,145,013
Net Income
$2,802,434
Net Assets
$42,245,871
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,943,755
99.9%
Investment Income $3,692
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $71,686,499
Total Liabilities $29,440,628
Net Assets $42,245,871
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Kim Smith (Vice President) $0 $0 $0
Michael L Mchargue (President) $0 $0 $0
Samuel Depoy (Vp/Secretary/Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,857,458
Expenses
$2,211,148
Net Income
$2,646,310
Net Assets
$37,852,437
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,857,415
100.0%
Investment Income $43
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $67,791,618
Total Liabilities $29,939,181
Net Assets $37,852,437
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Michael L Mchargue (President) $0 $0 $0
Samuel Depoy (Vp/Secretary/Treasurer) $0 $0 $0
Kim Smith (Vice President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,777,594
Expenses
$2,318,345
Net Income
$2,459,249
Net Assets
$36,196,127
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,776,143
100.0%
Investment Income $1,451
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $66,428,819
Total Liabilities $30,232,692
Net Assets $36,196,127
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Michael L Mchargue (President) $0 $0 $0
Samuel Depoy (Vp/Secretary/Treasurer) $0 $0 $0
Kim Smith (Vice President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,661,579
Expenses
$2,270,170
Net Income
$2,391,409
Net Assets
$34,517,878
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,654,024
99.8%
Investment Income $7,555
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $64,717,943
Total Liabilities $30,200,065
Net Assets $34,517,878
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Paul H Saylor (President) $0 $0 $0
Michael L Mchargue (Vice President) $0 $0 $0
R Joseph Spicer (Director) $0 $0 $0
Samuel Depoy (Secretary/Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,610,365
Expenses
$2,282,060
Net Income
$2,328,305
Net Assets
$34,550,469
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,605,390
99.9%
Investment Income $4,975
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $64,712,118
Total Liabilities $30,161,649
Net Assets $34,550,469
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Paul H Saylor (President) $0 $0 $0
Michael L Mchargue (Vice President) $0 $0 $0
R Joseph Spicer (Director) $0 $0 $0
Samuel Depoy (Secretary/Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,489,151
Expenses
$2,252,813
Net Income
$2,236,338
Net Assets
$33,335,164
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,489,151
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $63,463,692
Total Liabilities $30,128,528
Net Assets $33,335,164
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Paul H Saylor (President) $0 $0 $0
Michael L Mchargue (Vice President) $0 $0 $0
R Joseph Spicer (Director) $0 $0 $0
Samuel Depoy (Secretary) $0 $0 $0
Mika Greeenwood (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,426,496
Expenses
$0
Net Income
$1,426,496
Net Assets
$32,158,828
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $1,426,496
100%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $62,257,522
Total Liabilities $30,098,694
Net Assets $32,158,828

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$310,125
Expenses
$0
Net Income
$310,125
Net Assets
$60,387,641
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $27
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $310,098
100.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $60,761,784
Total Liabilities $374,143
Net Assets $60,387,641

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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