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← SIENA SPRINGS

Form 990 for tax year 2024

Filed by SIENA SPRINGS.

Totals

Total revenue
$538,454
Total expenses
$529,887
Contributions and grants received
$344,991
Grants paid
$0
Program service revenue
$187,373
Investment income
$1,920
Other revenue
$4,170
Total assets, end of year
$723,998
Total liabilities, end of year
$1,346,442
Net assets or fund balances, end of year
-$622,444
Program services expenses (Part IX)
$515,129
Management and general expenses
$14,758
Fundraising expenses
$0
Program service expenses (Part III)
$515,129

Program services were 97.2% 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)

    $344,991

  • 2a · Program service revenue: NET RENTAL REVENUE

    total $187,373 · related or exempt $187,373

  • 3 · Investment income

    total $1,920 · excluded $1,920

  • 11a · Other revenue: LAUNDRY & VENDING

    total $879 · related or exempt $879

  • 11d · All other revenue

    total $3,291 · related or exempt $3,291

  • 11e · Other revenue, total

    $4,170

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $29,533 · program services $29,533

  • 11c · Fees: accounting

    total $14,750 · management and general $14,750

  • 11g · Fees: other

    total $144,652 · program services $144,652

  • 13 · Office expenses

    total $13,621 · program services $13,621

  • 16 · Occupancy

    total $265,561 · program services $265,561

  • 22 · Depreciation, depletion and amortization

    total $42,624 · program services $42,624

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

    total $9,800 · program services $9,800

  • 24b · Other expenses: BAD DEBTS

    total $9,338 · program services $9,338

  • 24c · Other expenses: RESIDUAL RECEIPTS OFFSE

    total $8 · management and general $8

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $18,775 · end of year $64,989

  • 4 · Accounts receivable

    beginning of year $8,167 · end of year $6,951

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,093 · end of year $16,897

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

    $2,507,260

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

    $2,254,042

  • 10c · Land, buildings and equipment, net

    beginning of year $277,028 · end of year $253,218

  • 15 · Other assets

    beginning of year $364,664 · end of year $381,943

  • 17 · Accounts payable and accrued expenses

    beginning of year $97,538 · end of year $169,032

  • 19 · Deferred revenue

    beginning of year $2,374 · end of year $2,878

  • 21 · Escrow or custodial account liability

    beginning of year $12,524 · end of year $12,788

  • 23 · Secured mortgages and notes payable

    beginning of year $1,204,302 · end of year $1,160,120

  • 25 · Other liabilities

    beginning of year $0 · end of year $1,624

  • 27 · Net assets without donor restrictions

    beginning of year -$631,011 · end of year -$622,444

Mission and programs · 2024

Mission

MERCY SIENA SPRINGS, INC., AN OHIO NON-FOR-PROFIT CORPORATION, WAS ORGANIZED TO CONSTRUCT,OWN AND OPERATE A 45-UNIT APARTMENT COUMMUNITY IN DAYTON, OHIO, KNOWN AS SIENA SPRINGS, PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED.

Activities or mission (Part I)

MERCY SIENA SPRINGS, INC, AN OHIO NOT-FOR-PROFIT CORPORATION, WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 45-UNIT APARTMENT COMMUNITY IN DAYTON, OHIO, KNOWN AS SIENA SPRINGS.

  • MERCY SIENA SPRINGS I, INC. WAS ORGANIZED ON MAY 8, 1981 AS AN OHIO NON-STOCK, NONPROFIT CORPORATION FOR THE PURPOSE OF CONSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT UNDER SECTION 223(F) OF THE NATIONAL HOUSING ACT. SUCH PROJECTS ARE REGULATED BY THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) AS TO RENT CHARGES AND OPERATING METHODS. THE PROJECT CONSISTS OF 45 UNITS LOCATED IN DAYTON, OHIO AND IS CURRENTLY OPERATING UNDER THE NAME OF SIENA SPRINGS I.

    Expenses $515,129 · Revenue $191,543

As filed on the 2024 return.

Listed in Part VII

  • ANYEKA WALLACE

    DIRECTOR

    Total calculated
    $155,372
    From this org
    $0
    From related orgs
    $135,638
    Other
    $19,734
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $134,968 related
    Bonus
    $0 + $670 related
    Other
    $0
    Deferred
    $0 + $5,825 related
    Nontaxable benefits
    $0 + $13,909 related
    Filer's total
    $0 + $155,372 related

  • BOBBY ARTIS

    DIRECTOR

    Total calculated
    $158,098
    From this org
    $0
    From related orgs
    $120,523
    Other
    $37,575
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $108,286 related
    Bonus
    $0 + $12,237 related
    Other
    $0
    Deferred
    $0 + $8,136 related
    Nontaxable benefits
    $0 + $29,439 related
    Filer's total
    $0 + $158,098 related

  • ELAINE WILLIAMS

    DIRECTOR

    Total calculated
    $78,162
    From this org
    $0
    From related orgs
    $73,187
    Other
    $4,975
    Hours/week
    0.1 + 39.9 related

  • JAMES ALEXANDER

    PRESIDENT/DIRECTOR

    Total calculated
    $262,394
    From this org
    $0
    From related orgs
    $248,678
    Other
    $13,716
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $248,678 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,888 related
    Nontaxable benefits
    $0 + $828 related
    Filer's total
    $0 + $262,394 related

  • JOE ROSENBLUM

    SECRETARY/DIRECTOR

    Total calculated
    $242,964
    From this org
    $0
    From related orgs
    $232,582
    Other
    $10,382
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $227,582 related
    Bonus
    $0 + $5,000 related
    Other
    $0
    Deferred
    $0 + $9,554 related
    Nontaxable benefits
    $0 + $828 related
    Filer's total
    $0 + $242,964 related

  • SELENA FREEMAN

    DIRECTOR

    Total calculated
    $133,320
    From this org
    $0
    From related orgs
    $108,467
    Other
    $24,853
    Hours/week
    0.1 + 39.9 related

  • TERRY STEIDEN

    DIRECTOR

    Total calculated
    $74,710
    From this org
    $0
    From related orgs
    $62,755
    Other
    $11,955
    Hours/week
    0.1 + 39.9 related

  • CHAD PAYNE

    TREASURER

    Total calculated
    $211,480
    From this org
    $0
    From related orgs
    $201,515
    Other
    $9,965
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $198,015 related
    Bonus
    $0 + $3,500 related
    Other
    $0
    Deferred
    $0 + $9,137 related
    Nontaxable benefits
    $0 + $828 related
    Filer's total
    $0 + $211,480 related

  • MELISSA CLAYTON

    VICE PRESIDENT

    Total calculated
    $308,489
    From this org
    $0
    From related orgs
    $273,011
    Other
    $35,478
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $263,011 related
    Bonus
    $0 + $10,000 related
    Other
    $0
    Deferred
    $0 + $16,578 related
    Nontaxable benefits
    $0 + $18,900 related
    Filer's total
    $0 + $308,489 related

  • KASSIDI BOENING

    VICE PRESIDENT

    Total calculated
    $195,151
    From this org
    $0
    From related orgs
    $163,942
    Other
    $31,209
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $159,942 related
    Bonus
    $0 + $4,000 related
    Other
    $0
    Deferred
    $0 + $10,331 related
    Nontaxable benefits
    $0 + $20,878 related
    Filer's total
    $0 + $195,151 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
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202533189349309318

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