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Nonprofiteer
← ST JOSEPH APARTMENTS INC

Form 990 for tax year 2023

Filed by ST JOSEPH APARTMENTS INC.

Totals

Total revenue
$1,755,250
Total expenses
$1,755,483
Contributions and grants received
$631,525
Grants paid
$0
Program service revenue
$973,182
Investment income
$98,898
Other revenue
$51,645
Total assets, end of year
$7,724,508
Total liabilities, end of year
$1,370,772
Net assets or fund balances, end of year
$6,353,736
Program services expenses (Part IX)
$1,518,948
Management and general expenses
$236,535
Fundraising expenses
$0
Program service expenses (Part III)
$1,518,948

Program services were 86.5% 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.

  • 1e · Government grants (contributions)

    $631,525

  • 2a · Program service revenue: RENT INCOME

    total $973,182 · related or exempt $973,182

  • 3 · Investment income

    total $98,898 · excluded $98,898

  • 11a · Other revenue: MISCELLANEOUS

    total $29,978 · related or exempt $29,978

  • 11b · Other revenue: LAUNDRY & VENDING

    total $17,002 · related or exempt $17,002

  • 11c · Other revenue: DAMAGES & CLEANING

    total $4,665 · related or exempt $4,665

  • 11e · Other revenue, total

    $51,645

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $172,267 · management and general $172,267

  • 11b · Fees: legal

    total $6,641 · management and general $6,641

  • 11f · Fees: investment management

    total $21,413 · management and general $21,413

  • 11g · Fees: other

    total $139,039 · program services $139,039

  • 12 · Advertising and promotion

    total $6,353 · program services $6,353

  • 13 · Office expenses

    total $127,918 · program services $127,918

  • 14 · Information technology

    total $8,730 · program services $8,730

  • 16 · Occupancy

    total $690,457 · program services $690,457

  • 17 · Travel

    total $198 · program services $198

  • 19 · Conferences, conventions and meetings

    total $52 · program services $52

  • 20 · Interest

    total $66,890 · program services $66,890

  • 22 · Depreciation, depletion and amortization

    total $243,606 · program services $243,606

  • 24a · Other expenses: REIMBURSED EXPENSES

    total $253,866 · program services $217,652 · management and general $36,214

  • 24b · Other expenses: OTHER EXPENSES

    total $17,707 · program services $17,707

  • 24c · Other expenses: EDUCATIONAL EXPENSE

    total $346 · program services $346

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $30,679 · end of year $11,857

  • 2 · Savings and temporary cash investments

    beginning of year $3,265,362 · end of year $3,975,658

  • 4 · Accounts receivable

    beginning of year $64,920 · end of year $65,988

  • 9 · Prepaid expenses and deferred charges

    beginning of year $184,442 · end of year $56,727

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

    $15,033,735

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

    $11,433,956

  • 10c · Land, buildings and equipment, net

    beginning of year $3,766,182 · end of year $3,599,779

  • 15 · Other assets

    beginning of year $40,782 · end of year $14,499

  • 17 · Accounts payable and accrued expenses

    beginning of year $107,918 · end of year $78,812

  • 19 · Deferred revenue

    beginning of year $12,829 · end of year $8,967

  • 21 · Escrow or custodial account liability

    beginning of year $77,838 · end of year $77,529

  • 23 · Secured mortgages and notes payable

    beginning of year $1,461,959 · end of year $1,205,464

  • 27 · Net assets without donor restrictions

    beginning of year $5,691,823 · end of year $6,353,736

Mission and programs · 2023

Mission

TO PROVIDE AND MAINTAIN AFFORDABLE APARTMENT HOMES FOR THE ELDERLY AND NON-ELDERLY PHYSICALLY DISABLED ADULTS.

  • ST. JOSEPH APARTMENTS, THROUGH ITS MANAGEMENT AGENT HOUSING AND NEIGBORHOOD DEVELOPMENT SERVICE (HANDS), PROVIDES 202 ATTRACTIVE AND AFFORDABLE RENTAL HOUSING UNITS TO VERY-LOW, LOW AND MODERATE INCOME ELDERLY AND NON-ELDERLY INDIVIDUALS.

    Expenses $1,518,948 · Revenue $1,024,827

As filed on the 2023 return.

Listed in Part VII

  • Melissa Grucza

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Joe Bloomstine

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Cindy Stone

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Sister Marianne Stuckert

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Almitra Clerkin

    MEMBER THROUGH APR 2024

    Total calculated
    $0
    Hours/week
    1

  • Michelle Harkins

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michael Jaruszewicz

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jane Kirk

    MEMBER THROUGH NOV 2023

    Total calculated
    $0
    Hours/week
    1

  • Doug Massey

    MEMBER FROM APR 2024

    Total calculated
    $0
    Hours/week
    1

  • Sharon Richardson

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Cecelia Shatem

    MEMBER FROM MAR 2024

    Total calculated
    $0
    Hours/week
    1

  • Rick Sherbondy

    MEMBER FROM MAY 2024

    Total calculated
    $0
    Hours/week
    1

  • William Steger

    MEMBER THROUGH DEC 2023

    Total calculated
    $0
    Hours/week
    1

  • John Vantassel

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John Villa

    MEMBER

    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
2023
Filed
20 May 2025
IRS schema version
2023v6.0
Source object
202541419349301219

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