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Nonprofiteer
← FRANCIS XAVIER PLAZA INC

Form 990 for tax year 2024

Filed by FRANCIS XAVIER PLAZA INC.

Totals

Total revenue
$306,677
Total expenses
$495,216
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$301,188
Investment income
$2,848
Other revenue
$2,641
Total assets, end of year
$5,911,389
Total liabilities, end of year
$7,811,154
Net assets or fund balances, end of year
-$1,899,765
Program services expenses (Part IX)
$435,145
Management and general expenses
$60,071
Fundraising expenses
$0
Program service expenses (Part III)
$435,145

Program services were 87.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: RENTAL INCOME

    total $301,188 · related or exempt $301,188

  • 3 · Investment income

    total $2,848 · excluded $2,848

  • 11a · Other revenue: OTHER

    total $2,641 · related or exempt $2,641

  • 11e · Other revenue, total

    $2,641

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $37,808 · program services $37,808

  • 10 · Payroll taxes

    total $4,195 · program services $4,195

  • 11a · Fees: management

    total $15,900 · management and general $15,900

  • 11b · Fees: legal

    total $3,941 · management and general $3,941

  • 11c · Fees: accounting

    total $11,785 · management and general $11,785

  • 13 · Office expenses

    total $17,665 · management and general $17,665

  • 16 · Occupancy

    total $210,066 · program services $210,066

  • 20 · Interest

    total $2,561 · management and general $2,561

  • 22 · Depreciation, depletion and amortization

    total $183,076 · program services $183,076

  • 24a · Other expenses: BAD DEBT

    total $8,219 · management and general $8,219

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,106 · end of year $279,808

  • 4 · Accounts receivable

    beginning of year $15,812 · end of year $919

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,879 · end of year $8,039

  • 10a · Land, buildings and equipment: cost or other basis

    $7,323,794

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,789,389

  • 10c · Land, buildings and equipment, net

    beginning of year $5,700,098 · end of year $5,534,405

  • 15 · Other assets

    beginning of year $87,217 · end of year $88,218

  • 17 · Accounts payable and accrued expenses

    beginning of year $38,512 · end of year $40,781

  • 19 · Deferred revenue

    beginning of year $876 · end of year $279,987

  • 24 · Unsecured notes and loans payable

    beginning of year $7,476,841 · end of year $7,479,400

  • 25 · Other liabilities

    beginning of year $4,109 · end of year $10,986

  • 27 · Net assets without donor restrictions

    beginning of year -$1,711,226 · end of year -$1,899,765

Mission and programs · 2024

Mission

TO LEASE AND IMPROVE A 20 UNIT APARTMENT COMPLEX TO PROVIDE SUPPORTIVE AND AFFORDABLE HOUSING IN WATERBURY, CT, ALONG WITH SUPPORTIVE SOCIAL SERVICES.

Activities or mission (Part I)

RENOVATING A SCHOOL BUILDING INTO 20 FAMILY LIVING UNITS FOR HOMELESS FAMILIES OF LOW INCOME AND TO OFFER SUBSIDIZED HOUSING AND SOCIAL SERVICES TO ASSIST DISADVANTAGED FAMILIES RESIDING THERE TO OVERCOME SUBSTANCE AND/OR PHYSICAL ABUSE TO HELP ENABLE THEM TO HAVE A CHANCE OF GAINING BETTER SOCIO-ECONOMIC OUTCOMES.

  • TO PROVIDE HOUSING FOR FAMILIES IN DIRE NEED AND STRUGGLING WITH VARIOUS FORMS OF ABUSE.

    Expenses $435,145 · Revenue $303,829

As filed on the 2024 return.

Listed in Part VII

  • RICHARD BRAAM

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • DIEGO JIMENEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MAREK KUKULKA

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • GENE MUNSON

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • DONNA FINNERAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBIN CRACCO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM SAWICKI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
6 May 2025
IRS schema version
2024v5.1
Source object
202511289349302116

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