Form 990 for tax year 2023
Filed by SPRINGBORO COMMONS RETIREMENT VILLA INC.
Totals
- Total revenue
- $1,652,060
- Total expenses
- $144,893
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $145,932
- Investment income
- $1,502,309
- Other revenue
- $3,819
- Total assets, end of year
- $2,440,549
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $2,440,549
- Program services expenses (Part IX)
- $144,893
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $144,893
Program services were 100.0% 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 $145,932 · related or exempt $145,932
-
3 · Investment income
total $6 · excluded $6
-
7a · Gross sales of assets other than inventory
other assets $4,501,305
-
7b · Less cost or other basis and sales expenses
other assets $2,999,002
-
7c · Gain or loss
other assets $1,502,303
-
7d · Net gain or loss
total $1,502,303 · excluded $1,502,303
-
11a · Other revenue: Miscellaneous
total $3,819 · excluded $3,819
-
11e · Other revenue, total
$3,819
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $17,511 · program services $17,511
-
10 · Payroll taxes
total $1,590 · program services $1,590
-
11a · Fees: management
total $8,535 · program services $8,535
-
11b · Fees: legal
total $958 · program services $958
-
13 · Office expenses
total $768 · program services $768
-
14 · Information technology
total $2,637 · program services $2,637
-
16 · Occupancy
total $56,598 · program services $56,598
-
20 · Interest
total $35,617 · program services $35,617
-
22 · Depreciation, depletion and amortization
total $16,032 · program services $16,032
-
23 · Insurance
total $533 · program services $533
-
24a · Other expenses: Bookkeeping
total $2,048 · program services $2,048
-
24b · Other expenses: Miscellaneous Expense
total $1,266 · program services $1,266
-
24c · Other expenses: Repairs
total $800 · program services $800
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $61,552 · end of year $0
-
15 · Other assets
beginning of year $1,573,289 · end of year $2,440,549
-
17 · Accounts payable and accrued expenses
beginning of year $142,428 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $548,678 · end of year $0
-
25 · Other liabilities
beginning of year $10,353 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $933,382 · end of year $2,440,549
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2023
Mission
Rental Housing
-
Rental expenses.
Expenses $144,893 · Revenue $145,932
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Chris Hubbard
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Chris Robinson
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
David Charpentier
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Dionne Swift
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Kim Hensley
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Linda Burke
President
- Total calculated
- $0
- Hours/week
- 1
-
Mark Sousa
Vice Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Mary Reece
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Matt Nolan
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Paul Revelson
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Rahul Gupta
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Soroya Smith
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Theresa Schneider
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Maureen Hird
CFO
- Total calculated
- $108,209
- From this org
- $0
- From related orgs
- $60,382
- Other
- $47,827
- Hours/week
- 0 + 40 related
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.
-
Warren County Community Services Inc
501(c)(3) · Senior Services · OH
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
Springboro Sherman LP
Senior Services · OH
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
Springboro Sherman GP LLC
C · Senior Services · OH · 39.5% owned
Assets distributed on this return
Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.
-
Springboro Sherman LP
$1,312,223
Disposition · Senior Housing Property · Jan 30, 2024 · Section 42 LIHTC Partnership
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 August 2025
- IRS schema version
- 2023v6.0
- Source object
- 202542269349300504
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