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← ST TIMOTHYS PARK VILLA HOUSING DEVELOPMENT FUND COMPANY

Form 990 for tax year 2023

Filed by ST TIMOTHYS PARK VILLA HOUSING DEVELOPMENT FUND COMPANY.

Totals

Total revenue
$273,897
Total expenses
$332,580
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$271,227
Investment income
$246
Other revenue
$2,424
Total assets, end of year
$1,315,036
Total liabilities, end of year
$43,918
Net assets or fund balances, end of year
$1,271,118
Program services expenses (Part IX)
$228,997
Management and general expenses
$103,583
Fundraising expenses
$0
Program service expenses (Part III)
$228,997

Program services were 68.9% 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 $168,718 · related or exempt $168,718

  • 2b · Program service revenue: TENANT ASSISTANCE PAYM

    total $102,509 · related or exempt $102,509

  • 3 · Investment income

    total $246 · excluded $246

  • 11a · Other revenue: LAUNDRY & VENDING REVE

    total $2,055 · excluded $2,055

  • 11b · Other revenue: MISCELLANEOUS

    total $369 · excluded $369

  • 11e · Other revenue, total

    $2,424

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $62,109 · program services $34,620 · management and general $27,489

  • 9 · Other employee benefits

    total $13,840 · program services $7,715 · management and general $6,125

  • 10 · Payroll taxes

    total $5,352 · program services $2,983 · management and general $2,369

  • 11a · Fees: management

    total $27,589 · management and general $27,589

  • 11b · Fees: legal

    total $1,647 · management and general $1,647

  • 11c · Fees: accounting

    total $1,970 · management and general $1,970

  • 11g · Fees: other

    total $23,679 · program services $15,779 · management and general $7,900

  • 12 · Advertising and promotion

    total $173 · management and general $173

  • 13 · Office expenses

    total $17,072 · management and general $17,072

  • 16 · Occupancy

    total $30,331 · program services $30,331

  • 19 · Conferences, conventions and meetings

    total $125 · management and general $125

  • 22 · Depreciation, depletion and amortization

    total $80,647 · program services $80,647

  • 23 · Insurance

    total $21,344 · program services $21,344

  • 24a · Other expenses: HEATING & COOLING REPAI

    total $13,275 · program services $13,275

  • 24b · Other expenses: MISCELLANEOUS OPERATING

    total $9,490 · program services $5,820 · management and general $3,670

  • 24c · Other expenses: SUPPLIES

    total $6,810 · program services $6,810

  • 24d · Other expenses: ADMINISTRATIVE RENT - F

    total $5,901 · management and general $5,901

  • 24e · All other expenses

    total $11,226 · program services $9,673 · management and general $1,553

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,039 · end of year $5,790

  • 4 · Accounts receivable

    beginning of year $1,069 · end of year $765

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

    $3,455,020

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

    $2,492,957

  • 10c · Land, buildings and equipment, net

    beginning of year $1,042,710 · end of year $962,063

  • 15 · Other assets

    beginning of year $321,935 · end of year $346,418

  • 17 · Accounts payable and accrued expenses

    beginning of year $22,294 · end of year $28,191

  • 25 · Other liabilities

    beginning of year $15,658 · end of year $15,727

  • 27 · Net assets without donor restrictions

    beginning of year $1,329,801 · end of year $1,271,118

Mission and programs · 2023

Mission

TO PROVIDE LOW-INCOME HOUSING

Activities or mission (Part I)

TO PROVIDE LOW-INCOME HOUSING.

  • TO PROVIDE ELDERLY AND DISABLED PERSONS OF LOW INCOME WITH HOUSING FACILITIES AND SERVICES SPECIFICALLY TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS.

    Expenses $228,997 · Revenue $271,227

As filed on the 2023 return.

Listed in Part VII

  • DEACON STEVE SCHUMER

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • REV PETER KARALUS

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • MELISSA POTZLER

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • ELLEN MUSIALOWSKI

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • MOST REV MICHAEL W FISHER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • MOLLY OLIVER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • SR MARY MCCARRICK OSF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

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
3 April 2024
IRS schema version
2023v5.0
Source object
202410959349300346

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