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← CATHOLIC CHARITIES HOUSING LA TIERRA VERDE INC

Form 990 for tax year 2023

Filed by CATHOLIC CHARITIES HOUSING LA TIERRA VERDE INC.

Totals

Total revenue
$617,899
Total expenses
$739,227
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$617,899
Investment income
$0
Other revenue
$0
Total assets, end of year
$5,039,210
Total liabilities, end of year
$4,282,107
Net assets or fund balances, end of year
$757,103
Program services expenses (Part IX)
$715,107
Management and general expenses
$24,120
Fundraising expenses
$0
Program service expenses (Part III)
$715,107

Program services were 96.7% 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 - TENANT

    total $614,515 · related or exempt $614,515

  • 2b · Program service revenue: LAUNDRY COMMISSION

    total $3,384 · related or exempt $3,384

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $71,379 · program services $71,379

  • 8 · Pension plan contributions

    total $4,019 · program services $4,019

  • 9 · Other employee benefits

    total $14,115 · program services $14,115

  • 10 · Payroll taxes

    total $5,561 · program services $5,561

  • 11a · Fees: management

    total $24,120 · management and general $24,120

  • 11b · Fees: legal

    total $802 · program services $802

  • 11c · Fees: accounting

    total $6,393 · program services $6,393

  • 11g · Fees: other

    total $3,703 · program services $3,703

  • 13 · Office expenses

    total $4,265 · program services $4,265

  • 14 · Information technology

    total $1,320 · program services $1,320

  • 16 · Occupancy

    total $138,059 · program services $138,059

  • 17 · Travel

    total $3,523 · program services $3,523

  • 20 · Interest

    total $88,524 · program services $88,524

  • 22 · Depreciation, depletion and amortization

    total $297,297 · program services $297,297

  • 23 · Insurance

    total $46,896 · program services $46,896

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $29,251 · program services $29,251

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $20,100 · end of year $15,462

  • 2 · Savings and temporary cash investments

    beginning of year $119,107 · end of year $165,162

  • 4 · Accounts receivable

    beginning of year $25,343 · end of year $30,568

  • 9 · Prepaid expenses and deferred charges

    beginning of year $107 · end of year $110

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

    $5,864,461

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

    $1,036,820

  • 10c · Land, buildings and equipment, net

    beginning of year $5,118,634 · end of year $4,827,641

  • 15 · Other assets

    beginning of year $267 · end of year $267

  • 17 · Accounts payable and accrued expenses

    beginning of year $38,356 · end of year $84,870

  • 19 · Deferred revenue

    beginning of year $56,154 · end of year $65,824

  • 23 · Secured mortgages and notes payable

    beginning of year $4,175,223 · end of year $3,971,511

  • 25 · Other liabilities

    beginning of year $132,939 · end of year $159,902

  • 27 · Net assets without donor restrictions

    beginning of year $880,886 · end of year $757,103

Listed in Part VII

  • MAGGIE ROGERS

    SECRETARY

    Total calculated
    $152,099
    From this org
    $0
    From related orgs
    $124,486
    Other
    $27,613
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $124,186 related
    Bonus
    $0 + $300 related
    Other
    $0
    Deferred
    $0 + $13,694 related
    Nontaxable benefits
    $0 + $13,919 related
    Filer's total
    $0 + $152,099 related

  • JAMES J WAYNE

    TREASURER

    Total calculated
    $103,468
    From this org
    $0
    From related orgs
    $86,926
    Other
    $16,542
    Hours/week
    1 + 39 related

  • REV MSGR ROBERT MORRIS VG

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 15 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
CATHOLIC CHARITIES HOUSING - LA TIERRA VERDE, INC. DOES NOT HAVE ANY EMPLOYEES AND DOES NOT COMPENSATE ANY EMPLOYEES, OFFICERS, OR BOARD MEMBERS. EMPLOYEES AND OFFICERS ARE COMPENSATED THROUGH A RELATED TAX-EXEMPT ORGANIZATION, CATHOLIC CHARITIES DIOCESE OF ST. PETERSBURG, INC. (FEIN: 59-0875805). THE ORGANIZATION'S OFFICERS AND KEY EMPLOYEES ARE SHARED WITH CATHOLIC CHARITIES DIOCESE OF ST PETERBURG, INC. THE BOARD OF TRUSTEES DETERMINES THE TERMS OF EMPLOYMENT, COMPENSATION AND BENEFITS OF THE EXECUTIVE DIRECTOR. THE BOARD PRESIDENT MONITORS AND EVALUATES THE PERFORMANCE OF THE EXECUTIVE DIRECTOR. THE EXECUTIVE DIRECTOR IS COMPENSATED AT THE MARKET RATE FOR THAT POSITION. THE POSITION IS SUBJECT TO ANNUAL COST OF LIVING ADJUSTMENT INCREASES AFTER THE FISCAL YEAR OPERATING PLAN IS APPROVED BY THE BOARD OF TRUSTEES. COMPENSATION OF THE ORGANIZATION'S KEY EMPLOYEES IS GUIDED BY THE POLICIES AND PROCEDURES FOR ANNUAL EVALUATIONS. INCREASES IN COMPENSATION ARE GIVEN BASED ON THE MARKET RATE FOR EACH POSITION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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
14 May 2025
IRS schema version
2023v6.0
Source object
202511359349309576

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