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← HOLY ROSARY SENIOR RESIDENCE INC

Form 990 for tax year 2023

Filed by HOLY ROSARY SENIOR RESIDENCE INC.

Totals

Total revenue
$709,568
Total expenses
$938,248
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$708,069
Investment income
$798
Other revenue
$701
Total assets, end of year
$3,051,559
Total liabilities, end of year
$200,744
Net assets or fund balances, end of year
$2,850,815
Program services expenses (Part IX)
$658,901
Management and general expenses
$279,347
Fundraising expenses
$0
Program service expenses (Part III)
$658,901

Program services were 70.2% 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: TENANT ASSISTANCE - HU

    total $472,320 · related or exempt $472,320

  • 2b · Program service revenue: TENANT PORTION OF RENT

    total $233,497 · related or exempt $233,497

  • 2c · Program service revenue: LAUNDRY REVENUE

    total $2,017 · related or exempt $2,017

  • 2d · Program service revenue: TENANT CHARGES

    total $235 · related or exempt $235

  • 3 · Investment income

    total $798 · excluded $798

  • 11a · Other revenue: MISC. REVENUE

    total $701 · excluded $701

  • 11e · Other revenue, total

    $701

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $113,948 · management and general $113,948

  • 9 · Other employee benefits

    total $31,227 · program services $31,227

  • 10 · Payroll taxes

    total $9,831 · program services $9,831

  • 11a · Fees: management

    total $43,200 · management and general $43,200

  • 11c · Fees: accounting

    total $25,389 · management and general $25,389

  • 13 · Office expenses

    total $10,558 · management and general $10,558

  • 16 · Occupancy

    total $143,296 · program services $143,296

  • 22 · Depreciation, depletion and amortization

    total $265,328 · program services $265,328

  • 23 · Insurance

    total $43,522 · program services $43,522

  • 24a · Other expenses: CONTRACTS

    total $104,060 · program services $104,060

  • 24b · Other expenses: SERVICE COORDINATOR

    total $65,006 · management and general $65,006

  • 24c · Other expenses: SUPPLIES

    total $37,532 · program services $37,532

  • 24d · Other expenses: MISCELLANEOUS ADMINISTR

    total $21,246 · management and general $21,246

  • 24e · All other expenses

    total $24,105 · program services $24,105

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $15,115 · end of year $13,774

  • 4 · Accounts receivable

    beginning of year $701 · end of year $22

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

    $7,898,406

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

    $5,131,258

  • 10c · Land, buildings and equipment, net

    beginning of year $3,020,516 · end of year $2,767,148

  • 15 · Other assets

    beginning of year $232,391 · end of year $270,615

  • 17 · Accounts payable and accrued expenses

    beginning of year $170,061 · end of year $181,857

  • 19 · Deferred revenue

    beginning of year $255 · end of year $828

  • 21 · Escrow or custodial account liability

    beginning of year $18,033 · end of year $18,059

  • 27 · Net assets without donor restrictions

    beginning of year $3,080,374 · end of year $2,850,815

Mission and programs · 2023

Mission

TO PROVIDE HOUSING FOR LOW-INCOME SENIOR CITIZENS.

  • THE ORGANIZATION MAINTAINS A 60 UNIT HUD HOUSING PROJECT THAT PROVIDES HOUSING FOR ELDERLY TENANTS WITH LOW INCOME.

    Expenses $658,901 · Revenue $708,069

As filed on the 2023 return.

Listed in Part VII

  • HENRY AMOROSO

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • JOHN WESTERVELT

    PRESIDENT/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • J KENNETH PAGANO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RICHARD MALAGIERE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • REV MONSIGNOR RONALD ROZNIAK

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • ELIZABETH MCCLENDON

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • BROTHER BENEDICT LO BALBO

    SECRETARY

    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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Provenance

Return type
form_990
Tax year
2023
Filed
31 January 2025
IRS schema version
2023v6.0
Source object
202540319349302119

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