Skip to content
Nonprofiteer
← HSVS PROPERTY FOUNDATION LTD

Form 990 for tax year 2022

Filed by HSVS PROPERTY FOUNDATION LTD.

Totals

Total revenue
$469,815
Total expenses
$602,198
Contributions and grants received
$0
Grants paid
$234,407
Program service revenue
$463,869
Investment income
$0
Other revenue
$5,946
Total assets, end of year
$5,894,476
Total liabilities, end of year
$3,387,483
Net assets or fund balances, end of year
$2,506,993
Program services expenses (Part IX)
$597,873
Management and general expenses
$4,325
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 99.3% 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 $463,869 · related or exempt $463,869

  • 3 · Investment income

    total $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $5,946 · excluded $5,946

  • 11e · Other revenue, total

    $5,946

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $234,407 · program services $234,407

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $4,325 · management and general $4,325

  • 11b · Fees: legal

    total $9,004 · program services $9,004

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $1,129 · program services $1,129

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $27,290 · program services $27,290

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $318,406 · program services $318,406

  • 23 · Insurance

    total $1,676 · program services $1,676

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $5,055 · program services $5,055

  • 24b · Other expenses: OTHER EXPENSES

    total $906 · program services $906

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $92,865 · end of year $46,720

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

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

    $11,934,008

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

    $6,318,824

  • 10c · Land, buildings and equipment, net

    beginning of year $5,933,590 · end of year $5,615,184

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $3,110 · end of year $232,572

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $11

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $3,100,513 · end of year $2,924,619

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $289,676 · end of year $462,853

  • 27 · Net assets without donor restrictions

    beginning of year $2,639,376 · end of year $2,506,993

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

TO HOLD TITLE TO PROPERTY TO ST. VINCENT'S SERVICES, INC. D/B/A HEARTSHARE ST. VINCENT'S SERVICES ("HSVS"), IN ITS EFFORTS TO PROVIDE AND CARE FOR YOUNG BOYS AND GIRLS, ADOLESCENTS, YOUNG ADULTS, ADULTS, AND FAMILIES THROUGH THE ESTABLISHMENT, OPERATION AND MAINTENANCE OF VARIOUS TYPES OF PROGRAMS, FACILITIES, HOMES AND RESIDENCES WHICH PROVIDE FOR THE PHYSICAL, MENTAL, SPIRITUAL, INTELLECTUAL AND EMOTIONAL WELFARE AND WELL-BEING OF SAID YOUNG BOYS AND GIRLS, ADOLESCENTS, YOUNG ADULTS, ADULTS AND FAMILIES. ENTIRE AMOUNT OF NET RENTAL INCOME, IF ANY, IS TO BE TURNED OVER TO HSVS, AN ORGANIZATION WITH A TAX EXEMPT STATUS.

Activities or mission (Part I)

TO HOLD TITLE TO BUILDINGS & LAND LOCATED IN NYC, FOR THE PURPOSE OF LEASING AND RENTING IN FURTHERANCE OF ST. VINCENT'S SERVICES' INC. MISSION, A CATHOLIC SOCIAL SERVICES AGENCY.

  • TO HOLD TITLE TO BUILDINGS & LAND LOCATED IN NYC, FOR THE PURPOSE OF LEASING AND RENTING IN FURTHERANCE OF ST. VINCENT'S SERVICES' INC. MISSION, A CATHOLIC SOCIAL SERVICES AGENCY.

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

Listed in Part VII

  • WILLIAM GUARINELLO

    TREASURER THRU 12/31/22

    Total calculated
    $704,710
    From this org
    $0
    From related orgs
    $668,974
    Other
    $35,736
    Hours/week
    0.5 + 34.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $450,000 related
    Bonus
    $0 + $175,000 related
    Other
    $0 + $43,974 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $35,736 related
    Filer's total
    $0 + $704,710 related

  • DAWN W VALENTINE-SAFFAYEH

    SECRETARY

    Total calculated
    $363,253
    From this org
    $0
    From related orgs
    $321,136
    Other
    $42,117
    Hours/week
    0.38 + 34.62 related

    Schedule J breakdown matched by us

    Base
    $0 + $321,136 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $1,500 related
    Nontaxable benefits
    $0 + $40,617 related
    Filer's total
    $0 + $363,253 related

  • JUSTIN NARDILLA

    TREASURER as of 1/1/23

    Total calculated
    $219,423
    From this org
    $0
    From related orgs
    $219,423
    Other
    $0
    Hours/week
    0.5 + 34.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $201,923 related
    Bonus
    $0 + $17,500 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $219,423 related

  • KENNETH P NOLAN ESQ

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • PAUL J TORRE

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 1 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

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3:
THE TOP MANAGEMENT OFFICIAL'S COMPENSATION WAS PAID BY A RELATED 501(C)(3) ORGANIZATION WHICH USED ONE OR MORE OF THE METHODS LISTED TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION.

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

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 corporations and trusts

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

Provenance

Return type
form_990
Tax year
2022
Filed
26 April 2024
IRS schema version
2022v5.0
Source object
202411219349302126

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.