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Nonprofiteer
← ROSE-MARY HOUSING CORPORATION

Form 990 for tax year 2022

Filed by ROSE-MARY HOUSING CORPORATION.

Totals

Total revenue
$705,058
Total expenses
$604,491
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$704,889
Investment income
$169
Other revenue
$0
Total assets, end of year
$5,680,316
Total liabilities, end of year
$4,154,028
Net assets or fund balances, end of year
$1,526,288
Program services expenses (Part IX)
$595,427
Management and general expenses
$9,064
Fundraising expenses
$0
Program service expenses (Part III)
$595,427

Program services were 98.5% 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: RENTAL REVENUE

    total $686,571 · related or exempt $686,571

  • 2b · Program service revenue: PROPERTY MGMT.FEES

    total $18,318 · related or exempt $18,318

  • 3 · Investment income

    total $169 · excluded $169

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $24,305 · program services $19,444 · management and general $4,861

  • 13 · Office expenses

    total $4,203 · management and general $4,203

  • 16 · Occupancy

    total $77,693 · program services $77,693

  • 17 · Travel

    total $2,114 · program services $2,114

  • 20 · Interest

    total $220,213 · program services $220,213

  • 22 · Depreciation, depletion and amortization

    total $275,963 · program services $275,963

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $727,306 · end of year $350,795

  • 4 · Accounts receivable

    beginning of year $1,444 · end of year $48,381

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

    $6,139,166

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

    $905,734

  • 10c · Land, buildings and equipment, net

    beginning of year $6,632,135 · end of year $5,233,432

  • 15 · Other assets

    beginning of year $0 · end of year $47,708

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,825 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $4,604,858 · end of year $4,154,028

  • 27 · Net assets without donor restrictions

    beginning of year $2,169,647 · end of year $903,004

  • 28 · Net assets with donor restrictions

    beginning of year $576,555 · end of year $623,284

Mission and programs · 2022

Mission

TO ORGANIZE, PROMOTE, SPONSOR, BUILD, FINANCE, MAINTAIN, SUPERVISE, IMPROVE AND MANAGE RENTAL AND FOR SALE: (I) HOUSING FOR LOW- AND MODERATE-INCOME PERSONS AND FAMILIES INCLUDING, WITHOUT LIMITATION, THE ELDERLY; (II) HOUSING IN NEIGHBORHOODS OCCUPIED PRIMARILY BY LOW- AND MODERATE-INCOME PERSON AND FAMILIES; AND (III) HOUSING FOR PERSONS WITH DEVELOPMENTAL DISABILITIES.

Activities or mission (Part I)

TO DEVELOP AFFORDABLE HOUSING OPTIONS FOR THOSE IN NEED ON BEHALF OF THE CATHOLIC DIOCESE OF CLEVELAND

  • THE CORPORATION PROVIDES CONSTRUCTION OVERSIGHT TO THE CATHOLIC CHARITIES SYSTEM AND THE CLEVELAND CATHOLIC DIOCESE.

    Expenses $595,427 · Revenue $704,889

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Lawrence R Murtaugh

    PRESIDENT(THROUGH 8/22)

    Total calculated
    $239,472
    From this org
    $0
    From related orgs
    $209,855
    Other
    $29,617
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $209,855 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,797 related
    Nontaxable benefits
    $0 + $16,820 related
    Filer's total
    $0 + $239,472 related

  • Patrick Powers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Charles Dottore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Patrick Gareau

    PRESIDENT & CEO

    Total calculated
    $271,398
    From this org
    $0
    From related orgs
    $233,656
    Other
    $37,742
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $233,656 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $14,224 related
    Nontaxable benefits
    $0 + $23,518 related
    Filer's total
    $0 + $271,398 related

  • James Graham

    CHIEF FINANCIAL OFFICER

    Total calculated
    $216,467
    From this org
    $0
    From related orgs
    $179,853
    Other
    $36,614
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $179,853 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,740 related
    Nontaxable benefits
    $0 + $25,874 related
    Filer's total
    $0 + $216,467 related

  • William E Brady

    VICE PRESIDENT(THROUGH 9/22)

    Total calculated
    $132,796
    From this org
    $0
    From related orgs
    $119,453
    Other
    $13,343
    Hours/week
    10 + 30 related

  • Amy Scallon

    SECRETARY(THROUGH 9/22)

    Total calculated
    $0
    Hours/week
    10 + 30 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.

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.

  • ASCENSION VILLAGE LIMITED PARTNERSHIP

    N/A · LOW-INCOME SENIOR HOUSING · OH

  • NATIVITY MANOR LP

    N/A · LOW-INCOME SENIOR HOUSING · OH

  • NATIVITY HOMES LLC

    N/A · LOW-INCOME SENIOR HOUSING · OH

  • WILLOUGHBEACH TERRACE LP

    N/A · LOW-INCOME SENIOR HOUSING · OH

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ELDER HOUSING ONE CORPORATION

    C · REAL ESTATE LESSOR · OH

  • ELDER HOUSING TWO CORPORATION

    C · REAL ESTATE LESSOR · OH

  • ELDER HOUSING THREE CORPORATION

    C · REAL ESTATE LESSOR · OH

  • ELDER HOUSING FOUR CORPORATION

    C · REAL ESTATE LESSOR · OH · 100% owned · controlled entity

    Directly controlled by CATHOLIC CHARITIES HOUSING CORP

  • ELDER HOUSING FIVE CORPORATION

    C · REAL ESTATE LESSOR · OH · 100% owned · controlled entity

    Directly controlled by CATHOLIC CHARITIES HOUSING CORP

  • ELDER HOUSING SIX CORPORATION

    C · REAL ESTATE LESSOR · OH · 100% owned · controlled entity

    Directly controlled by CATHOLIC CHARITIES HOUSING CORP

  • ELDER HOUSING SEVEN CORPORATION

    C · REAL ESTATE LESSOR · OH · 100% owned · controlled entity

    Directly controlled by CATHOLIC CHARITIES HOUSING CORP

  • ELDER HOUSING EIGHT CORPORATION

    C · REAL ESTATE LESSOR · OH · 100% owned · controlled entity

    Directly controlled by CATHOLIC CHARITIES HOUSING CORP

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202333199349307603

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