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Nonprofiteer
← VILLA ST MAURICE INC

Form 990 for tax year 2022

Filed by VILLA ST MAURICE INC.

Totals

Total revenue
$1,182,785
Total expenses
$1,456,619
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,182,324
Investment income
$461
Other revenue
$0
Total assets, end of year
$19,934,574
Total liabilities, end of year
$5,238,707
Net assets or fund balances, end of year
$14,695,867
Program services expenses (Part IX)
$1,405,135
Management and general expenses
$51,484
Fundraising expenses
$0
Program service expenses (Part III)
$1,405,135

Program services were 96.5% 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 INCOME

    total $903,787 · related or exempt $903,787

  • 2b · Program service revenue: PPP LOAN FORGIVENESS

    total $278,537 · related or exempt $278,537

  • 3 · Investment income

    total $461 · related or exempt $461

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $141,005 · program services $141,005

  • 9 · Other employee benefits

    total $16,114 · program services $16,114

  • 10 · Payroll taxes

    total $10,232 · program services $10,232

  • 11a · Fees: management

    total $39,260 · management and general $39,260

  • 11c · Fees: accounting

    total $11,914 · management and general $11,914

  • 12 · Advertising and promotion

    total $589 · program services $589

  • 13 · Office expenses

    total $38,119 · program services $38,119

  • 16 · Occupancy

    total $357,424 · program services $357,424

  • 19 · Conferences, conventions and meetings

    total $310 · management and general $310

  • 20 · Interest

    total $129,285 · program services $129,285

  • 22 · Depreciation, depletion and amortization

    total $575,907 · program services $575,907

  • 23 · Insurance

    total $937 · program services $937

  • 24a · Other expenses: MISC. OPERATING

    total $109,797 · program services $109,797

  • 24b · Other expenses: MISC. ADMIN EXPENSES

    total $25,204 · program services $25,204

  • 24c · Other expenses: MISC TAXES

    total $369 · program services $369

  • 24d · Other expenses: ELDERLY CARE EXPENSES

    total $153 · program services $153

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,932 · end of year $4,031

  • 4 · Accounts receivable

    beginning of year $429 · end of year $2,063

  • 9 · Prepaid expenses and deferred charges

    beginning of year $43,672 · end of year $41,823

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

    $23,021,687

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

    $3,596,335

  • 10c · Land, buildings and equipment, net

    beginning of year $19,972,764 · end of year $19,425,352

  • 15 · Other assets

    beginning of year $408,885 · end of year $461,305

  • 17 · Accounts payable and accrued expenses

    beginning of year $374,067 · end of year $220,459

  • 19 · Deferred revenue

    beginning of year $713 · end of year $750

  • 23 · Secured mortgages and notes payable

    beginning of year $5,056,729 · end of year $4,990,308

  • 25 · Other liabilities

    beginning of year $26,472 · end of year $27,190

  • 27 · Net assets without donor restrictions

    beginning of year $14,969,701 · end of year $14,695,867

Mission and programs · 2022

Mission

PROVIDES HOUSING FOR ELDERLY AND DISABLED PERSONS UNDER SECTION 207/223(F) OF THE NATIONAL HOUSING ACT UNDER AN AGREEMENT WITH THE DEPARTMENT OF HUD.

  • PROVIDES HOUSING FOR ELDERLY AND DISABLED PERSONS UNDER SECTION 207/223(F) OF THE NATIONAL HOUSING ACT UNDER AN AGREEMENT WITH THE DEPARTMENT OF HUD.

    Expenses $1,405,135 · Revenue $1,182,324

As filed on the 2022 return.

Listed in Part VII

  • DEACON DENNIS F ADAMS

    SECRETARY

    Total calculated
    $134,458
    From this org
    $0
    From related orgs
    $134,458
    Other
    $0

  • MOST REV GREGORY M AYMOND

    PRESIDENT

    Total calculated
    $0

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.

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
2022
Filed
18 April 2023
IRS schema version
2022v5.0
Source object
202341149349301129

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