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← ORATORY OF THE LITTLE WAY INCORPORATED

Form 990 for tax year 2024

Filed by ORATORY OF THE LITTLE WAY INCORPORATED.

Totals

Total revenue
$236,295
Total expenses
$7,222
Contributions and grants received
$270
Grants paid
$0
Program service revenue
$0
Investment income
$236,025
Other revenue
$0
Total assets, end of year
$325,611
Total liabilities, end of year
$28,990
Net assets or fund balances, end of year
$296,621
Program services expenses (Part IX)
$7,222
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$7,222

Program services were 100.0% 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

    $270

  • 3 · Investment income

    total $4,523 · excluded $4,523

  • 7a · Gross sales of assets other than inventory

    other assets $375,000

  • 7b · Less cost or other basis and sales expenses

    other assets $143,498

  • 7c · Gain or loss

    other assets $231,502

  • 7d · Net gain or loss

    total $231,502 · related or exempt $231,502

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $1,500 · program services $1,500

  • 13 · Office expenses

    total $212 · program services $212

  • 16 · Occupancy

    total $2,880 · program services $2,880

  • 23 · Insurance

    total $2,630 · program services $2,630

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,792 · end of year $0

  • 2 · Savings and temporary cash investments

    end of year $318,144

  • 4 · Accounts receivable

    beginning of year $1,794 · end of year $1,794

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $100,244 · end of year $0

  • 15 · Other assets

    beginning of year $5,673 · end of year $5,673

  • 25 · Other liabilities

    beginning of year $41,955 · end of year $28,990

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $229,073

Mission and programs · 2024

Mission

HOUSE OF PRAYER AND HEALING

  • PROVIDING PROGRAM SERVICES FOR SPIRITUAL RETREAT CENTER

    Expenses $7,222

As filed on the 2024 return.

Listed in Part VII

  • John Horan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Theresa McSpedon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gerald Porricelli

    PRESIDENT

    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.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

  • No recipient named

    no value reported

    Disposition · LAND AND BUILDINGS SOLD. SEE EXPLANATION IN PART III

Provenance

Return type
form_990
Tax year
2024
Filed
12 June 2025
IRS schema version
2024v5.1
Source object
202521719349301402

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