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Nonprofiteer
← ST FRANCIS XAVIER APARTMENTS INC

Form 990 for tax year 2024

Filed by ST FRANCIS XAVIER APARTMENTS INC.

Totals

Total revenue
$197,546
Total expenses
$301,984
Contributions and grants received
$76,957
Grants paid
$0
Program service revenue
$114,180
Investment income
$3,798
Other revenue
$2,611
Total assets, end of year
$1,940,766
Total liabilities, end of year
$2,969,021
Net assets or fund balances, end of year
-$1,028,255
Program services expenses (Part IX)
$272,761
Management and general expenses
$29,223
Fundraising expenses
$0
Program service expenses (Part III)
$272,761

Program services were 90.3% 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)

    $76,957

  • 2a · Program service revenue: RENT INCOME

    total $114,180 · related or exempt $114,180

  • 3 · Investment income

    total $3,798 · excluded $3,798

  • 11a · Other revenue: LAUNDRY & VENDING REV

    total $1,939 · related or exempt $1,939

  • 11b · Other revenue: MISCELLANEOUS REVENUE

    total $672 · related or exempt $672

  • 11e · Other revenue, total

    $2,611

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $13,761 · management and general $13,761

  • 11b · Fees: legal

    total $630 · management and general $630

  • 11g · Fees: other

    total $24,056 · program services $24,056

  • 12 · Advertising and promotion

    total $1,125 · program services $1,125

  • 13 · Office expenses

    total $5,672 · program services $5,672

  • 14 · Information technology

    total $2,767 · program services $2,767

  • 16 · Occupancy

    total $111,855 · program services $111,855

  • 17 · Travel

    total $488 · program services $488

  • 19 · Conferences, conventions and meetings

    total $6 · program services $6

  • 22 · Depreciation, depletion and amortization

    total $109,301 · program services $109,301

  • 24a · Other expenses: REIMBURSED EXPENSES

    total $17,070 · program services $17,070

  • 24b · Other expenses: REIMBURSED AND OTHER EX

    total $14,709 · management and general $14,709

  • 24c · Other expenses: EDUCATIONAL EXPENSE

    total $322 · program services $322

  • 24d · Other expenses: OTHER EXPENSE

    total $123 · management and general $123

  • 24e · All other expenses

    total $99 · program services $99

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,593 · end of year $2,951

  • 2 · Savings and temporary cash investments

    beginning of year $191,209 · end of year $196,345

  • 4 · Accounts receivable

    beginning of year $546 · end of year $3

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,655 · end of year $6,378

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

    $3,289,109

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

    $1,554,020

  • 10c · Land, buildings and equipment, net

    beginning of year $1,829,093 · end of year $1,735,089

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,944 · end of year $27,698

  • 19 · Deferred revenue

    beginning of year $60 · end of year $544

  • 21 · Escrow or custodial account liability

    beginning of year $7,709 · end of year $7,579

  • 23 · Secured mortgages and notes payable

    beginning of year $2,933,200 · end of year $2,933,200

  • 27 · Net assets without donor restrictions

    beginning of year -$923,817 · end of year -$1,028,255

Mission and programs · 2024

Mission

TO PROVIDE AND MAINTAIN 22 ATTRACTIVE AND AFFORDABLE RENTAL HOUSING FOR QUALIFIED ELDERLY INDIVIDUALS.

Activities or mission (Part I)

TO PROVIDE AND MAINTAIN 22 AFFORDABLE APARTMENTS FOR QUALIFIED ELDERLY INDIVIDUALS.

  • THE PURPOSE OF THE 22-UNIT APARTMENT BUILDING IS TO PROVIDE HOUSING FOR QUALIFIED ELDERLY INDIVIDUALS.

    Expenses $272,761 · Revenue $116,791

As filed on the 2024 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 K Stone

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Sister Marianne Stuckert

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Almitra Clerkin

    DIRECTOR THROUGH APR 2024

    Total calculated
    $0
    Hours/week
    1

  • Michelle Harkins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mike Jaruszewicz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Doug Massey

    DIRECTOR FROM APR 2024

    Total calculated
    $0
    Hours/week
    1

  • Sharon Richardson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cecilia Shatem

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rick Sherbondy

    DIRECTOR FROM MAY 2024

    Total calculated
    $0
    Hours/week
    1

  • John Vantassel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Villa

    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
30 January 2026
IRS schema version
2024v5.5
Source object
202630379349301123

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