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Nonprofiteer
← ALVERNO HOUSNG CORPORATION

Form 990 for tax year 2023

Filed by ALVERNO HOUSNG CORPORATION.

Totals

Total revenue
$446,060
Total expenses
$344,148
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$445,880
Investment income
$180
Other revenue
$0
Total assets, end of year
$918,007
Total liabilities, end of year
$274,768
Net assets or fund balances, end of year
$643,239
Program services expenses (Part IX)
$250,640
Management and general expenses
$93,508
Fundraising expenses
$0
Program service expenses (Part III)
$250,640

Program services were 72.8% 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: RENT REVENUE

    total $445,880 · related or exempt $445,880

  • 3 · Investment income

    total $180 · excluded $180

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $49,492 · program services $44,734 · management and general $4,758

  • 11c · Fees: accounting

    total $12,635 · management and general $12,635

  • 11g · Fees: other

    total $6,152 · management and general $6,152

  • 13 · Office expenses

    total $11,683 · program services $9,602 · management and general $2,081

  • 16 · Occupancy

    total $100,538 · program services $100,538

  • 17 · Travel

    total $33,818 · program services $33,818

  • 20 · Interest

    total $15,947 · program services $15,947

  • 22 · Depreciation, depletion and amortization

    total $34,387 · program services $34,387

  • 23 · Insurance

    total $7,142 · program services $7,142

  • 24a · Other expenses: ADMINISTRATIVE RENT-FRE

    total $67,882 · management and general $67,882

  • 24e · All other expenses

    total $4,472 · program services $4,472

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $86,235 · end of year $124,071

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

    $1,713,997

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

    $1,164,989

  • 10c · Land, buildings and equipment, net

    beginning of year $519,129 · end of year $549,008

  • 15 · Other assets

    beginning of year $297,132 · end of year $244,928

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,156 · end of year $10,472

  • 23 · Secured mortgages and notes payable

    beginning of year $349,300 · end of year $259,514

  • 25 · Other liabilities

    beginning of year $3,713 · end of year $4,782

  • 27 · Net assets without donor restrictions

    beginning of year $541,327 · end of year $643,239

Mission and programs · 2023

Mission

INSPIRED BY THE FRANCISCAN VALUES OF COMPASSION, DIGNITY AND RESPECT, WE SUPPORT PERSONS WITH DEVELOPMENTAL AND OTHER CHALLENGES TO ACHIEVE THEIR HIGHEST QUALITY OF LIFE, PERSONAL GROWTH AND SPIRITUAL AWARENESS.

Activities or mission (Part I)

TO ACQUIRE AN INTEREST IN REAL PROPERTY & TO CONSTRUCT & OPERATE GROUP HOMES.

  • ALVERNO HOUSING CORPORATION WAS ORGANIZED IN 1983 AS A NONPROFIT CORPORATION TO ACQUIRE AN INTEREST IN REAL PROPERTY AND TO CONSTRUCT AND OPERATE GROUP HOMES LOCATED IN JEFFERSON, WISCONSIN. THE PROJECT CONSISTS OF 12 UNITS IN ONE APARTMENT BUILDING AND THREE GROUP HOMES CONSISTING OF 18 UNITS DESIGNED TO PROVIDE DEVELOPMENTALLY DISABLED PERSONS WITH RENT-ASSISTED HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS.

    Expenses $250,640 · Revenue $445,880

As filed on the 2023 return.

Listed in Part VII

  • CHRIS NASH

    CO CHAIR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • DR CONSTANTINE STAMATELAKYS

    CO CHAIR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • BRIAN LANSER

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • MARY BRUEGGMAN

    DIRECTOR (THRU JUNE 2024)

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • GRACIELA CHELA COLIN-DEALCA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • JOSEPH CHIP DOERING III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • CHRIS JAUCH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • DR NORAH JOHNSON

    DIRECTOR (THRU JUNE 2024)

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • KELLI JONES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • ROBERT KERN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • SISTER JULIANNE KOCH OSF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • CHRIS MCDERMOTT

    DIRECTOR (THRU JUNE 2024)

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • MARLA MICHAELIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • KAREN ODWAY

    DIRECTOR (THRU JUNE 2024)

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • T ROWAND ROBINSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • ROBERT ROSS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • SISTER JOANNE SCHATZLEIN OSF

    LIAISON

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • TED BEHNCKE

    PRESIDENT (THRU JUNE 2024)

    Total calculated
    $226,829
    From this org
    $0
    From related orgs
    $218,517
    Other
    $8,312
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $197,004 related
    Bonus
    $0 + $20,051 related
    Other
    $0 + $1,462 related
    Deferred
    $0 + $3,770 related
    Nontaxable benefits
    $0 + $4,542 related
    Filer's total
    $0 + $226,829 related

  • JENNIFER STOLLENWERK

    CONTROLLER

    Total calculated
    $120,898
    From this org
    $0
    From related orgs
    $115,514
    Other
    $5,384
    Hours/week
    1 + 42 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
RELATED PARTY COMPENSATION DETERMINATION: COMPENSATION OF OFFICERS IS DETERMINED USING SALARY SURVEYS FROM THE MANAGEMENT RESOURCE ASSOCIATION OR SALARY.COM FOR WAGE DATA. WAGE INCREASES ARE INCLUDED IN THE ANNUAL BUDGET AND APPROVED BY THE BOARD OF DIRECTORS.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
14 February 2025
IRS schema version
2023v6.0
Source object
202540519349300649

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