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Nonprofiteer
← ST THERESA VILLAGE INC

Form 990 for tax year 2025

Filed by ST THERESA VILLAGE INC.

Totals

Total revenue
$612,024
Total expenses
$757,596
Contributions and grants received
$409,834
Grants paid
$0
Program service revenue
$195,509
Investment income
$935
Other revenue
$5,746
Total assets, end of year
$1,435,080
Total liabilities, end of year
$484,505
Net assets or fund balances, end of year
$950,575
Program services expenses (Part IX)
$739,340
Management and general expenses
$18,256
Fundraising expenses
$0
Program service expenses (Part III)
$739,340

Program services were 97.6% 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)

    $409,834

  • 2a · Program service revenue: NET RENTAL REVENUE

    total $195,509 · related or exempt $195,509

  • 3 · Investment income

    total $935 · excluded $935

  • 11a · Other revenue: LAUNDRY AND VENDING

    total $1,211 · related or exempt $1,211

  • 11d · All other revenue

    total $4,535 · related or exempt $4,535

  • 11e · Other revenue, total

    $5,746

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $37,258 · program services $37,258

  • 11c · Fees: accounting

    total $18,256 · management and general $18,256

  • 11g · Fees: other

    total $230,072 · program services $230,072

  • 12 · Advertising and promotion

    total $229 · program services $229

  • 13 · Office expenses

    total $19,921 · program services $19,921

  • 16 · Occupancy

    total $343,440 · program services $343,440

  • 19 · Conferences, conventions and meetings

    total $1,001 · program services $1,001

  • 22 · Depreciation, depletion and amortization

    total $79,149 · program services $79,149

  • 24a · Other expenses: RESIDENT SERVICES

    total $27,573 · program services $27,573

  • 24b · Other expenses: TAXES/LICENSES/PERMITS

    total $697 · program services $697

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $56,644 · end of year $69,902

  • 4 · Accounts receivable

    beginning of year $127 · end of year $745

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16,140 · end of year $14,693

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

    $3,133,823

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

    $2,118,822

  • 10c · Land, buildings and equipment, net

    beginning of year $1,094,150 · end of year $1,015,001

  • 15 · Other assets

    beginning of year $248,820 · end of year $334,739

  • 17 · Accounts payable and accrued expenses

    beginning of year $298,767 · end of year $132,148

  • 19 · Deferred revenue

    beginning of year $1,367 · end of year $2,643

  • 21 · Escrow or custodial account liability

    beginning of year $19,480 · end of year $18,772

  • 25 · Other liabilities

    beginning of year $120 · end of year $330,942

  • 27 · Net assets without donor restrictions

    beginning of year $1,096,147 · end of year $950,575

Mission and programs · 2025

Mission

ST. THERESA VILLAGE, INC. (AN OHIO NOT-FOR-PROFIT CORPORATION) WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 50-UNIT APARTMENT COMMUNITY IN CINCINNATI, OHIO, KNOWN AS ST. THERESA VILLAGE, PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED.

Activities or mission (Part I)

TO CONSTRUCT, OWN AND OPERATE A 50-UNIT APARTMENT COMMUNITY IN CINCINNATI, OHIO, PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED.

  • ST. THERESA VILLAGE, INC. WAS ORGANIZED ON APRIL 28, 1994 AS AN OHIO NON-STOCK, NONPROFIT CORPORATION FOR THE PURPOSE OF CONSTRUCTING AND OPERATING A LOW INCOME RENTAL HOUSING PROJECT UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. SUCH PROJECTS ARE REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS. THE PROJECT CONSISTS OF 50 UNITS LOCATED IN CINCINNATI, OHIO AND IS CURRENTLY OPERATING UNDER THE NAME OF ST. THERESA VILLAGE.

    Expenses $739,340 · Revenue $201,255

As filed on the 2025 return.

Listed in Part VII

  • ANYEKA WALLACE

    DIRECTOR

    Total calculated
    $162,891
    From this org
    $0
    From related orgs
    $139,514
    Other
    $23,377
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $132,881 related
    Bonus
    $0 + $6,633 related
    Other
    $0
    Deferred
    $0 + $6,950 related
    Nontaxable benefits
    $0 + $16,427 related
    Filer's total
    $0 + $162,891 related

  • BOBBY ARTIS

    DIRECTOR

    Total calculated
    $160,533
    From this org
    $0
    From related orgs
    $119,765
    Other
    $40,768
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $105,917 related
    Bonus
    $0 + $13,848 related
    Other
    $0
    Deferred
    $0 + $8,172 related
    Nontaxable benefits
    $0 + $32,596 related
    Filer's total
    $0 + $160,533 related

  • ELAINE WILLIAMS

    DIRECTOR

    Total calculated
    $89,638
    From this org
    $0
    From related orgs
    $74,113
    Other
    $15,525
    Hours/week
    0.1 + 39.9 related

  • JAMES ALEXANDER

    PRESIDENT/DIRECTOR

    Total calculated
    $272,883
    From this org
    $0
    From related orgs
    $257,595
    Other
    $15,288
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $255,095 related
    Bonus
    $0 + $2,500 related
    Other
    $0
    Deferred
    $0 + $14,606 related
    Nontaxable benefits
    $0 + $682 related
    Filer's total
    $0 + $272,883 related

  • JOE ROSENBLUM

    SECRETARY/DIRECTOR

    Total calculated
    $254,958
    From this org
    $0
    From related orgs
    $237,675
    Other
    $17,283
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $231,925 related
    Bonus
    $0 + $5,750 related
    Other
    $0
    Deferred
    $0 + $9,991 related
    Nontaxable benefits
    $0 + $7,292 related
    Filer's total
    $0 + $254,958 related

  • SELENA FREEMAN

    DIRECTOR

    Total calculated
    $139,508
    From this org
    $0
    From related orgs
    $110,948
    Other
    $28,560
    Hours/week
    0.1 + 39.9 related

  • TERRY STEIDEN

    DIRECTOR

    Total calculated
    $81,135
    From this org
    $0
    From related orgs
    $62,968
    Other
    $18,167
    Hours/week
    0.1 + 39.9 related

  • CHAD PAYNE

    TREASURER

    Total calculated
    $214,612
    From this org
    $0
    From related orgs
    $203,763
    Other
    $10,849
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $202,913 related
    Bonus
    $0 + $850 related
    Other
    $0
    Deferred
    $0 + $10,167 related
    Nontaxable benefits
    $0 + $682 related
    Filer's total
    $0 + $214,612 related

  • MELISSA CLAYTON

    VICE PRESIDENT (OUTGOING)

    Total calculated
    $84,863
    From this org
    $0
    From related orgs
    $76,139
    Other
    $8,724
    Hours/week
    0.1 + 39.9 related

  • KASSIDI BOENING

    VICE PRESIDENT

    Total calculated
    $208,126
    From this org
    $0
    From related orgs
    $175,483
    Other
    $32,643
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $167,983 related
    Bonus
    $0 + $7,500 related
    Other
    $0
    Deferred
    $0 + $10,918 related
    Nontaxable benefits
    $0 + $21,725 related
    Filer's total
    $0 + $208,126 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. 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

The filer's explanations (Part III)

PART I, LINE 3
ANNUALLY THE EXECUTIVE COMMITTEE WITHIN THE MERCY HOUSING, INC. BOARD OF TRUSTEES WILL REVIEW EXECUTIVE SALARIES TO ENSURE COMPETITIVENESS WITH EXTERNAL MARKETS AND FOR INTERNAL EQUITY IN RELATION TO GENERAL EMPLOYEE WAGES AND BENEFITS, INDIVIDUAL AND ORGANIZATIONAL PERFORMANCE, AND THE FINANCIAL RESOURCES OF THE ORGANIZATION.

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.

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2025
Filed
27 May 2026
IRS schema version
2025v4.1
Source object
202621529349301417

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