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Nonprofiteer
← VILLA SIERRA MADRE INC

Form 990 for tax year 2022

Filed by VILLA SIERRA MADRE INC.

Totals

Total revenue
$658,033
Total expenses
$777,908
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$657,022
Investment income
$1,011
Other revenue
$0
Total assets, end of year
$3,146,541
Total liabilities, end of year
$2,898,159
Net assets or fund balances, end of year
$248,382
Program services expenses (Part IX)
$704,202
Management and general expenses
$73,706
Fundraising expenses
$0
Program service expenses (Part III)
$704,202

Program services were 90.5% 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: AFFORDABLE HOUSING RENTS

    total $655,069 · related or exempt $655,069

  • 2b · Program service revenue: OTHER TENANT CHARGES

    total $1,953 · related or exempt $1,953

  • 3 · Investment income

    total $1,011 · excluded $1,011

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $47,405 · management and general $47,405

  • 11g · Fees: other

    total $10,600 · management and general $10,600

  • 16 · Occupancy

    total $70,499 · program services $70,499

  • 20 · Interest

    total $119,160 · program services $119,160

  • 22 · Depreciation, depletion and amortization

    total $261,553 · program services $261,553

  • 24a · Other expenses: REIMBURSEMENT OF SHARED S

    total $88,230 · program services $72,529 · management and general $15,701

  • 24b · Other expenses: TAXES AND INSURANCE

    total $62,886 · program services $62,886

  • 24c · Other expenses: OTHER OFFICE EXPENSE

    total $61,333 · program services $61,333

  • 24d · Other expenses: OPERATING AND MAINTENANCE

    total $56,242 · program services $56,242

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $708,671 · end of year $769,502

  • 2 · Savings and temporary cash investments

    beginning of year $567,954 · end of year $586,715

  • 4 · Accounts receivable

    beginning of year $3,248 · end of year $1,001

  • 9 · Prepaid expenses and deferred charges

    beginning of year $29,112 · end of year $32,234

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

    $7,017,722

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

    $5,301,948

  • 10c · Land, buildings and equipment, net

    beginning of year $1,969,409 · end of year $1,715,774

  • 15 · Other assets

    beginning of year $45,250 · end of year $41,315

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,335 · end of year $15,189

  • 25 · Other liabilities

    beginning of year $2,941,052 · end of year $2,882,970

  • 27 · Net assets without donor restrictions

    beginning of year $368,257 · end of year $248,382

Mission and programs · 2022

Mission

TO PROVIDE AFFORDABLE HOUSING FOR LOW- AND MODERATE-INCOME FAMILIES.

  • SIERRA MADRE IS A 60 UNIT LOW- AND MODERATE-INCOME HOUSING COMPLEX LOCATED IN SILVERTHORNE, COLORADO.

    Expenses $704,202 · Revenue $657,022

As filed on the 2022 return.

Listed in Part VII

  • Justin Raddatz

    VP OF DEVELO

    Total calculated
    $201,898
    From this org
    $0
    From related orgs
    $161,899
    Other
    $39,999
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $136,899 related
    Bonus
    not reported + $25,000 related
    Other
    not reported
    Deferred
    not reported + $10,209 related
    Nontaxable benefits
    not reported + $29,790 related
    Filer's total
    not reported + $201,898 related

  • Philip Vottiero

    CFO

    Total calculated
    $173,843
    From this org
    $0
    From related orgs
    $154,011
    Other
    $19,832
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $154,011 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $4,193 related
    Nontaxable benefits
    not reported + $15,639 related
    Filer's total
    not reported + $173,843 related

  • Maria Rightmyer

    VP OF HOUSIN

    Total calculated
    $122,744
    From this org
    $0
    From related orgs
    $115,423
    Other
    $7,321
    Hours/week
    1 + 40 related

  • Jeff Boyd

    VP HOUSING

    Total calculated
    $120,048
    From this org
    $0
    From related orgs
    $81,452
    Other
    $38,596
    Hours/week
    1 + 40 related

  • Melissa Bleser

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Bob Gross

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Bob Munroe

    TREASURER FR

    Total calculated
    $0
    Hours/week
    1

  • Dominic Palazzo

    TREASURER TH

    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. 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

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
2022
Filed
19 April 2023
IRS schema version
2022v5.0
Source object
202301099349301615

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