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← ASSISI HOMES-BATAVIA APARTMENTS INC

Form 990 for tax year 2023

Filed by ASSISI HOMES-BATAVIA APARTMENTS INC.

Totals

Total revenue
$3,956,638
Total expenses
$3,455,231
Contributions and grants received
$2,404,356
Grants paid
$0
Program service revenue
$1,507,344
Investment income
$13,308
Other revenue
$31,630
Total assets, end of year
$9,790,261
Total liabilities, end of year
$10,403,828
Net assets or fund balances, end of year
-$613,567
Program services expenses (Part IX)
$3,371,943
Management and general expenses
$83,288
Fundraising expenses
$0
Program service expenses (Part III)
$3,371,943

Program services were 97.6% 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)

    $2,404,356

  • 2a · Program service revenue: RENTAL INCOME

    total $1,507,344 · related or exempt $1,507,344

  • 3 · Investment income

    total $13,308 · excluded $13,308

  • 11a · Other revenue: LAUNDRY AND VENDING

    total $25,191 · related or exempt $25,191

  • 11d · All other revenue

    total $6,439 · related or exempt $6,439

  • 11e · Other revenue, total

    $31,630

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $373,838 · program services $343,838 · management and general $30,000

  • 11b · Fees: legal

    total $1,649 · program services $1,649

  • 11c · Fees: accounting

    total $53,288 · management and general $53,288

  • 11g · Fees: other

    total $595,574 · program services $595,574

  • 12 · Advertising and promotion

    total $388 · program services $388

  • 13 · Office expenses

    total $71,566 · program services $71,566

  • 16 · Occupancy

    total $1,698,440 · program services $1,698,440

  • 19 · Conferences, conventions and meetings

    total $1,188 · program services $1,188

  • 22 · Depreciation, depletion and amortization

    total $547,991 · program services $547,991

  • 24a · Other expenses: RESIDENT SERVICES

    total $101,195 · program services $101,195

  • 24b · Other expenses: BAD DEBTS

    total $8,694 · program services $8,694

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

    total $1,420 · program services $1,420

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $926,094 · end of year $1,116,694

  • 4 · Accounts receivable

    beginning of year $28,236 · end of year $49,155

  • 9 · Prepaid expenses and deferred charges

    beginning of year $130,333 · end of year $174,426

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

    $20,266,761

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

    $12,642,656

  • 10c · Land, buildings and equipment, net

    beginning of year $8,018,321 · end of year $7,624,105

  • 15 · Other assets

    beginning of year $966,034 · end of year $825,881

  • 17 · Accounts payable and accrued expenses

    beginning of year $734,829 · end of year $656,749

  • 19 · Deferred revenue

    beginning of year $59,822 · end of year $55,615

  • 21 · Escrow or custodial account liability

    end of year $106,841

  • 23 · Secured mortgages and notes payable

    beginning of year $9,843,962 · end of year $9,562,123

  • 25 · Other liabilities

    beginning of year $128,569 · end of year $22,500

  • 27 · Net assets without donor restrictions

    beginning of year -$698,164 · end of year -$613,567

Mission and programs · 2023

Mission

ASSISI HOMES BATAVIA APARTMENTS, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED ON JULY 19, 1993, IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF ILLINOIS. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 290-UNIT COMMUNITY LOCATED IN BATAVIA, ILLINOIS, WHICH PROVIDES HOUSING AND RELATED SERVICES FOR VERY LOW INCOME ELDERLY OR DISABLED PERSONS. THE CORPORATION RECEIVES HOUSING ASSISTANCE AND CAPITAL ADVANCES FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED.

  • ASSISI HOMES BATAVIA APARTMENTS, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED ON JULY 19, 1993, IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF ILLINOIS. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 290-UNIT COMMUNITY LOCATED IN BATAVIA, ILLINOIS WHICH PROVIDES HOUSING AND RELATED SERVICES FOR VERY LOW INCOME ELDERLY OR DISABLED PERSONS. THE CORPORATION RECEIVES HOUSING ASSISTANCE AND CAPITAL ADVANCES FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PURSUANT TO SECTION 223 OF THE NATIONAL HOUSING ACT, AS AMENDED.

    Expenses $3,371,943 · Revenue $1,538,974

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JOE ROSENBLUM

    SECRETARY/DIRECTOR

    Total calculated
    $232,549
    From this org
    $0
    From related orgs
    $222,348
    Other
    $10,201
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $217,884 related
    Bonus
    $0 + $4,464 related
    Other
    $0
    Deferred
    $0 + $9,375 related
    Nontaxable benefits
    $0 + $826 related
    Filer's total
    $0 + $232,549 related

  • KASSIDI BOENING

    VICE PRESIDENT/DIRECTOR

    Total calculated
    $172,677
    From this org
    $0
    From related orgs
    $144,044
    Other
    $28,633
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $140,204 related
    Bonus
    $0 + $3,840 related
    Other
    $0
    Deferred
    $0 + $9,128 related
    Nontaxable benefits
    $0 + $19,504 related
    Filer's total
    $0 + $172,676 related

  • MELISSA CLAYTON

    VICE PRESIDENT/DIRECTOR

    Total calculated
    $299,519
    From this org
    $0
    From related orgs
    $265,721
    Other
    $33,798
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $249,467 related
    Bonus
    $0 + $16,254 related
    Other
    $0
    Deferred
    $0 + $16,135 related
    Nontaxable benefits
    $0 + $17,663 related
    Filer's total
    $0 + $299,519 related

  • BRUCE SAAB

    VICE PRESIDENT (UNTIL 10/23)

    Total calculated
    $98,303
    From this org
    $0
    From related orgs
    $84,979
    Other
    $13,324
    Hours/week
    1 + 40 related

  • CHAD PAYNE

    TREASURER

    Total calculated
    $200,685
    From this org
    $0
    From related orgs
    $192,189
    Other
    $8,496
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $191,289 related
    Bonus
    $0 + $900 related
    Other
    $0
    Deferred
    $0 + $7,670 related
    Nontaxable benefits
    $0 + $826 related
    Filer's total
    $0 + $200,685 related

  • EDGAR FLAGG III

    VICE PRESIDENT

    Total calculated
    $207,632
    From this org
    $0
    From related orgs
    $181,356
    Other
    $26,276
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $181,356 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,114 related
    Nontaxable benefits
    $0 + $18,163 related
    Filer's total
    $0 + $207,633 related

  • FATMAH FARRAJ

    VICE PRESIDENT

    Total calculated
    $177,119
    From this org
    $0
    From related orgs
    $164,559
    Other
    $12,560
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $164,559 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,951 related
    Nontaxable benefits
    $0 + $2,609 related
    Filer's total
    $0 + $177,119 related

  • MARK ANGELINI

    PRESIDENT

    Total calculated
    $256,820
    From this org
    $0
    From related orgs
    $245,093
    Other
    $11,727
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $244,093 related
    Bonus
    $0 + $1,000 related
    Other
    $0
    Deferred
    $0 + $10,902 related
    Nontaxable benefits
    $0 + $825 related
    Filer's total
    $0 + $256,820 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
2023
Filed
17 October 2024
IRS schema version
2023v5.1
Source object
202402929349300725

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