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Nonprofiteer
← VILLA AT MEADOW VIEW INC

Form 990 for tax year 2024

Filed by VILLA AT MEADOW VIEW INC.

Totals

Total revenue
$448,112
Total expenses
$620,376
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$447,431
Investment income
$681
Other revenue
$0
Total assets, end of year
$5,214,405
Total liabilities, end of year
$52,066
Net assets or fund balances, end of year
$5,162,339
Program services expenses (Part IX)
$561,214
Management and general expenses
$59,162
Fundraising expenses
$0
Program service expenses (Part III)
$561,214

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: TENANT RENTS

    total $444,277 · related or exempt $444,277

  • 2b · Program service revenue: LAUNDRY REVENUE

    total $3,154 · related or exempt $3,154

  • 3 · Investment income

    total $681 · excluded $681

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $110,003 · program services $107,006 · management and general $2,997

  • 9 · Other employee benefits

    total $10,013 · program services $9,965 · management and general $48

  • 11a · Fees: management

    total $35,117 · management and general $35,117

  • 11c · Fees: accounting

    total $31,400 · program services $10,400 · management and general $21,000

  • 13 · Office expenses

    total $25,305 · program services $25,305

  • 16 · Occupancy

    total $204,182 · program services $204,182

  • 22 · Depreciation, depletion and amortization

    total $166,793 · program services $166,793

  • 24a · Other expenses: SHARED SERVICES

    total $36,000 · program services $36,000

  • 24b · Other expenses: BAD DEBTS

    total $1,563 · program services $1,563

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $25,307 · end of year $714

  • 2 · Savings and temporary cash investments

    beginning of year $225,758 · end of year $209,120

  • 4 · Accounts receivable

    beginning of year $20,463 · end of year $1,408

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,775 · end of year $28,383

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

    $6,746,214

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

    $1,771,434

  • 10c · Land, buildings and equipment, net

    beginning of year $5,141,573 · end of year $4,974,780

  • 17 · Accounts payable and accrued expenses

    beginning of year $78,188 · end of year $45,918

  • 19 · Deferred revenue

    beginning of year $21 · end of year $1,084

  • 25 · Other liabilities

    beginning of year $3,064 · end of year $5,064

  • 27 · Net assets without donor restrictions

    beginning of year -$383,341 · end of year -$555,605

  • 28 · Net assets with donor restrictions

    beginning of year $5,717,944 · end of year $5,717,944

Mission and programs · 2024

Mission

TO OPERATE A 32-UNIT HOUSING PROJECT IN TEWKSBURY, MASSACHUSETTS FOR LOW INCOME ELDERLY PERSONS UNDER SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT AND REGULATED BY HUD WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS.

Activities or mission (Part I)

OPERATES A 32-UNIT HOUSING PROJECT IN TEWKSBURY, MASSACHUSETTS FOR LOW INCOME ELDERLY PERSONS UNDER SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT AND IS REGULATED BY HUD WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS.

  • THE ORGANIZATION OPERATES A 32-UNIT HOUSING PROJECT FOR ELDERLY LOW-INCOME INDIVIDUALS. THE PROJECT IS REGULATED BY HUD WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS.

    Expenses $561,214 · Revenue $447,431

As filed on the 2024 return.

Listed in Part VII

  • Joan F Hatem-Roy

    PRESIDENT

    Total calculated
    $341,861
    From this org
    $0
    From related orgs
    $313,848
    Other
    $28,013
    Hours/week
    0.5 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $300,751 related
    Bonus
    $0
    Other
    $0 + $13,097 related
    Deferred
    $0 + $11,197 related
    Nontaxable benefits
    $0 + $16,816 related
    Filer's total
    $0 + $341,861 related

  • Jerry Congdon

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Martha Leen

    CLERK

    Total calculated
    $0
    Hours/week
    0.5

  • Anna Bellows

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jan Conole

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Nancy Reed

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Grace-Ann Steed

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 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

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.

  • AGESPAN INC

    501(C)(3) · TO PROVIDE SERVICES BY CREATING PROGRAMS AND OPPORTUNITIES FOR ADULTS · MA

Provenance

Return type
form_990
Tax year
2024
Filed
4 May 2026
IRS schema version
2024v5.5
Source object
202611269349302601

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