Mission
Manage and Develop Affordable Housing
Public Charity
MGRS Inc
Based in MIDDLETOWN, CT, MGRS Inc operates as a Public Charity. The organization reported $267K in revenue, $306K in expenses, $1.9M in total assets for fiscal year 2026.
EIN: 061228885
MIDDLETOWN, CT
Housing Support
NTEE: L80
Latest filing: 2026
Total Revenue$267K
Total Expenses$306K
Total Assets$1.9M
Grant Records0
Filing Years2022–2026
Where $100 goes at MGRS Inc
How MGRS Inc divides every $100 it spends, from its own Form 990 filings, averaged across 6 years.
$99
Programs
the work itself
$1
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $99 for programs
$99
Manage and Develop Affordable Housing
Source: Form 990 filings with the IRS, latest fiscal year 2026. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Officers & Directors
Director
Anthony Vasiliou
Director
Joseph Santaniello
Treasurer
Marie Webster
Director
Mark Masselli
President
William Vasiliou
Officer compensation and complete director data available with membership.
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2026 | $267K | $306K | $1.9M |
| 2025 | $482K | $435K | $2.5M |
| 2024 | $511K | $305K | $2.4M |
| 2023 | $427K | $326K | $2.3M |
| 2022 | $389K | $299K | $2.1M |
Between 2022 and 2026, reported annual revenue declined from $389K to $267K (-31%), with total assets most recently reported at $1.9M.
Interactive year-over-year charts and full filing details available with membership.