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← ST PIUS V SENIOR HOUSING DEVELOPMENT FUND CORPORATION

Form 990 for tax year 2024

Filed by ST PIUS V SENIOR HOUSING DEVELOPMENT FUND CORPORATION.

Totals

Total revenue
$1,183,602
Total expenses
$1,343,359
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,164,843
Investment income
$15,085
Other revenue
$3,674
Total assets, end of year
$3,548,932
Total liabilities, end of year
$7,323,845
Net assets or fund balances, end of year
-$3,774,913
Program services expenses (Part IX)
$1,205,667
Management and general expenses
$137,692
Fundraising expenses
$0
Program service expenses (Part III)
$1,205,667

Program services were 89.8% 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 $1,164,843 · related or exempt $1,164,843 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $15,085 · related or exempt $0 · unrelated business $0 · excluded $15,085

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11a · Other revenue: LAUNDRY AND VENDING

    total $3,674 · related or exempt $0 · unrelated business $0 · excluded $3,674

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $3,674

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 11a · Fees: management

    total $69,930 · program services $69,930 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $4,410 · program services $0 · management and general $4,410 · fundraising $0

  • 11c · Fees: accounting

    total $19,000 · program services $0 · management and general $19,000 · fundraising $0

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $9,430 · program services $3,446 · management and general $5,984 · fundraising $0

  • 16 · Occupancy

    total $622,147 · program services $622,147 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $194,315 · program services $194,315 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $115,002 · program services $115,002 · management and general $0 · fundraising $0

  • 24a · Other expenses: PERSONNEL/FRINGE BENEFITS PAID BY COMMON PAYMASTER

    total $290,322 · program services $183,810 · management and general $106,512 · fundraising $0

  • 24b · Other expenses: ADMINISTRATION RENT-FREE UNIT

    total $17,004 · program services $17,004 · management and general $0 · fundraising $0

  • 24c · Other expenses: MISCELLANEOUS EXPENSE

    total $1,519 · program services $13 · management and general $1,506 · fundraising $0

  • 24d · Other expenses: BAD DEBT EXPENSE

    total $280 · program services $0 · management and general $280 · fundraising $0

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $13,566 · end of year $10,596

  • 2 · Savings and temporary cash investments

    beginning of year $337,884 · end of year $309,854

  • 4 · Accounts receivable

    beginning of year $614 · end of year $57,961

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $114,873 · end of year $115,223

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

    $7,430,300

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

    $4,396,270

  • 10c · Land, buildings and equipment, net

    beginning of year $3,151,431 · end of year $3,034,030

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $19,022 · end of year $21,268

  • 17 · Accounts payable and accrued expenses

    beginning of year $180,787 · end of year $249,202

  • 19 · Deferred revenue

    beginning of year $10,945 · end of year $10,870

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $6,897,100 · end of year $6,897,100

  • 25 · Other liabilities

    beginning of year $163,714 · end of year $166,673

  • 27 · Net assets without donor restrictions

    beginning of year -$3,615,156 · end of year -$3,774,913

Mission and programs · 2024

Mission

TO PROVIDE SAFE AND AFFORDABLE HOUSING FOR ELDERLY AND DISABLED PERSONS OF LOW INCOME.

  • OWNS AND OPERATES A 70 UNIT HOUSING PROJECT UNDER HUD SECTION 202 OF THE NATIONAL HOUSING ACT FOR ELDERLY AND DISABLED PERSONS OF LOW INCOME.

    Expenses $1,205,667 · Revenue $1,164,843

As filed on the 2024 return.

Listed in Part VII

  • DESIREE A JACKSON-FRYSON

    SECRETARY

    Total calculated
    $226,655
    From this org
    $0
    From related orgs
    $190,392
    Other
    $36,263
    Hours/week
    0.1 + 34.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $190,392 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,335 related
    Nontaxable benefits
    $0 + $29,928 related
    Filer's total
    $0 + $226,655 related

  • JEANNE M DIULIO

    PRESIDENT

    Total calculated
    $224,002
    From this org
    $0
    From related orgs
    $197,286
    Other
    $26,716
    Hours/week
    0.2 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $197,286 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $11,990 related
    Nontaxable benefits
    $0 + $14,726 related
    Filer's total
    $0 + $224,002 related

  • MARTIN A SUSSMAN

    TREASURER

    Total calculated
    $203,455
    From this org
    $0
    From related orgs
    $151,041
    Other
    $52,414
    Hours/week
    0.1 + 34.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $151,041 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,480 related
    Nontaxable benefits
    $0 + $45,934 related
    Filer's total
    $0 + $203,455 related

  • MARY HURSON

    VICE PRESIDENT

    Total calculated
    $231,378
    From this org
    $0
    From related orgs
    $201,062
    Other
    $30,316
    Hours/week
    0.1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $196,947 related
    Bonus
    $0
    Other
    $0 + $4,115 related
    Deferred
    $0 + $11,958 related
    Nontaxable benefits
    $0 + $18,358 related
    Filer's total
    $0 + $231,378 related

  • DESIREE M BARBERIO

    DIRECTOR

    Total calculated
    $191,039
    From this org
    $0
    From related orgs
    $158,284
    Other
    $32,755
    Hours/week
    0.1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $158,284 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,524 related
    Nontaxable benefits
    $0 + $26,231 related
    Filer's total
    $0 + $191,039 related

  • RICHARD SLIZESKI

    DIRECTOR

    Total calculated
    $199,064
    From this org
    $0
    From related orgs
    $175,583
    Other
    $23,481
    Hours/week
    0.1 + 34.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $173,444 related
    Bonus
    $0
    Other
    $0 + $2,139 related
    Deferred
    $0 + $8,683 related
    Nontaxable benefits
    $0 + $14,798 related
    Filer's total
    $0 + $199,064 related

  • SAMIRA ALIEVA

    DIRECTOR

    Total calculated
    $218,365
    From this org
    $0
    From related orgs
    $177,715
    Other
    $40,650
    Hours/week
    0.1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $177,715 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $11,102 related
    Nontaxable benefits
    $0 + $29,548 related
    Filer's total
    $0 + $218,365 related

  • CHRISTINE D'OTTAVIO

    CFO

    Total calculated
    $325,584
    From this org
    $0
    From related orgs
    $288,825
    Other
    $36,759
    Hours/week
    0.2 + 34.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $287,797 related
    Bonus
    $0
    Other
    $0 + $1,028 related
    Deferred
    $0 + $10,208 related
    Nontaxable benefits
    $0 + $26,551 related
    Filer's total
    $0 + $325,584 related

  • REV MSGR ALFRED P LOPINTO

    CEO

    Total calculated
    $49,769
    From this org
    $0
    From related orgs
    $37,000
    Other
    $12,769
    Hours/week
    0.2 + 34.8 related

  • VERY REV PATRICK KEATING

    DEPUTY CEO

    Total calculated
    $46,981
    From this org
    $0
    From related orgs
    $45,000
    Other
    $1,981
    Hours/week
    0.2 + 34.8 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)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
THE TOP MANAGEMENT OFFICIAL'S COMPENSATION WAS PAID BY A RELATED 501(C)(3) ORGANIZATION WHO USED ONE OR MORE OF THESE METHODS LISTED TO ESTABLISH THE MANAGEMENT OFFICIAL'S COMPENSATION.
Schedule J, Part II
FOR INDIVIDUALS LISTED ON PART II, INCLUDED IN COLUMN B(III) IS TAXABLE AUTO ALLOWANCE IN ADDITION TO GROUP TERM LIFE INSURANCE.

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
2024
Filed
9 April 2026
IRS schema version
2024v5.1
Source object
202640999349300734

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