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Nonprofiteer
← SACRED HEART VILLAGE I INC

Form 990 for tax year 2022

Filed by SACRED HEART VILLAGE I INC.

Totals

Total revenue
$1,087,354
Total expenses
$1,441,228
Contributions and grants received
$1,150
Grants paid
$0
Program service revenue
$1,059,177
Investment income
$1,417
Other revenue
$25,610
Total assets, end of year
$6,351,758
Total liabilities, end of year
$4,862,208
Net assets or fund balances, end of year
$1,489,550
Program services expenses (Part IX)
$1,283,317
Management and general expenses
$157,911
Fundraising expenses
$0
Program service expenses (Part III)
$1,283,317

Program services were 89.0% 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.

  • 1f · All other contributions, gifts and grants

    $1,150

  • 2a · Program service revenue: GOV'T SUBSIDIZED RENTS

    total $709,927 · related or exempt $709,927

  • 2b · Program service revenue: LOW INCOME RENTS

    total $345,705 · related or exempt $345,705

  • 2c · Program service revenue: PROGRAM PARKING FEES

    total $3,545 · related or exempt $3,545

  • 3 · Investment income

    total $1,417 · excluded $1,417

  • 6a · Gross rents

    real property $9,559

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $9,559

  • 6d · Net rental income or loss

    total $9,559 · excluded $9,559

  • 11a · Other revenue: LAUNDRY & VENDING

    total $13,678 · related or exempt $13,678

  • 11b · Other revenue: MISCELLANEOUS REVENUE

    total $2,373 · related or exempt $2,373

  • 11e · Other revenue, total

    $16,051

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $383,095 · program services $344,786 · management and general $38,309

  • 8 · Pension plan contributions

    total $26,246 · program services $23,621 · management and general $2,625

  • 9 · Other employee benefits

    total $81,861 · program services $73,675 · management and general $8,186

  • 10 · Payroll taxes

    total $28,654 · program services $25,789 · management and general $2,865

  • 11a · Fees: management

    total $47,820 · program services $9,564 · management and general $38,256

  • 11c · Fees: accounting

    total $22,392 · program services $4,200 · management and general $18,192

  • 13 · Office expenses

    total $10,601 · program services $9,540 · management and general $1,061

  • 16 · Occupancy

    total $170,740 · program services $167,325 · management and general $3,415

  • 20 · Interest

    total $83,861 · program services $82,184 · management and general $1,677

  • 22 · Depreciation, depletion and amortization

    total $325,419 · program services $292,877 · management and general $32,542

  • 23 · Insurance

    total $38,508 · program services $36,583 · management and general $1,925

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $163,177 · program services $159,913 · management and general $3,264

  • 24b · Other expenses: SERVICE CONTRACTS

    total $49,038 · program services $44,134 · management and general $4,904

  • 24c · Other expenses: MISCELLANEOUS

    total $6,897 · program services $6,207 · management and general $690

  • 24d · Other expenses: PROGRAM SUPPLIES

    total $2,919 · program services $2,919

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $91,398 · end of year $47,760

  • 4 · Accounts receivable

    beginning of year $16,467 · end of year $16,815

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,392 · end of year $5,583

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

    $12,947,746

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

    $7,087,069

  • 10c · Land, buildings and equipment, net

    beginning of year $6,145,528 · end of year $5,860,677

  • 15 · Other assets

    beginning of year $360,298 · end of year $420,923

  • 17 · Accounts payable and accrued expenses

    beginning of year $138,797 · end of year $131,938

  • 21 · Escrow or custodial account liability

    beginning of year $28,088 · end of year $31,959

  • 23 · Secured mortgages and notes payable

    beginning of year $2,760,500 · end of year $2,760,500

  • 25 · Other liabilities

    beginning of year $1,848,274 · end of year $1,937,811

  • 27 · Net assets without donor restrictions

    beginning of year $1,843,424 · end of year $1,489,550

Mission and programs · 2022

Mission

THE MISSION OF SACRED HEART VILLAGE 1, INC. IS TO PROVIDE PERMANENT, AFFORDABLE HOUSING FOR SENIORS.

Activities or mission (Part I)

AFFORDABLE HOUSING FOR THE ELDERLY

  • TO PROVIDE AFFORDABLE, DECENT HOUSING FOR VERY LOW INCOME ELDERY PERSONS. THE ORGANIZATION OPERATES A 77-UNIT HOUSING FACILITY.

    Expenses $1,283,317 · Revenue $1,075,228

As filed on the 2022 return.

Listed in Part VII

  • Matthew Davis

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Kathleen Duffy Smith

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • John Cook

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Christine Dealy Haynes

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Kent Jordan

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Danielle Nowaczyk

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Patrick McHugh Jr

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Brother Rudolph Pieretti

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Julianna Saydlowski

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Tricia Lyons

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Angela Modesto

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Brother Ronald Giannone

    EXECUTIVE DIRECTOR

    Total calculated
    $142,114
    From this org
    $0
    From related orgs
    $129,679
    Other
    $12,435
    Hours/week
    5 + 35 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.

Provenance

Return type
form_990
Tax year
2022
Filed
4 August 2024
IRS schema version
2022v5.0
Source object
202432189349301903

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