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Nonprofiteer
← SACRED HEART VILLAGE II INC

Form 990 for tax year 2022

Filed by SACRED HEART VILLAGE II INC.

Totals

Total revenue
$435,191
Total expenses
$638,887
Contributions and grants received
$500
Grants paid
$0
Program service revenue
$433,751
Investment income
$17
Other revenue
$923
Total assets, end of year
$7,299,353
Total liabilities, end of year
$6,745,322
Net assets or fund balances, end of year
$554,031
Program services expenses (Part IX)
$579,335
Management and general expenses
$59,552
Fundraising expenses
$0
Program service expenses (Part III)
$579,335

Program services were 90.7% 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.

  • 1f · All other contributions, gifts and grants

    $500

  • 2a · Program service revenue: TENANT ASSISTANCE PAYM

    total $308,631 · related or exempt $308,631

  • 2b · Program service revenue: TENANT RENT REVENUE

    total $110,291 · related or exempt $110,291

  • 2c · Program service revenue: OTHER TENANT RENTS

    total $12,000 · related or exempt $12,000

  • 2d · Program service revenue: TENANT FEES - LAUNDRY

    total $1,519 · related or exempt $1,519

  • 2e · Program service revenue: TENANT PARKING

    total $1,310 · related or exempt $1,310

  • 3 · Investment income

    total $17 · excluded $17

  • 11a · Other revenue: OTHER REVENUE

    total $923 · related or exempt $923

  • 11e · Other revenue, total

    $923

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $139,451 · program services $125,506 · management and general $13,945

  • 8 · Pension plan contributions

    total $3,270 · program services $2,943 · management and general $327

  • 9 · Other employee benefits

    total $25,555 · program services $23,000 · management and general $2,555

  • 10 · Payroll taxes

    total $10,529 · program services $9,476 · management and general $1,053

  • 11a · Fees: management

    total $15,525 · program services $3,105 · management and general $12,420

  • 11c · Fees: accounting

    total $16,800 · program services $13,200 · management and general $3,600

  • 11g · Fees: other

    total $24,788 · program services $22,309 · management and general $2,479

  • 14 · Information technology

    total $9,745 · program services $8,771 · management and general $974

  • 16 · Occupancy

    total $109,512 · program services $104,036 · management and general $5,476

  • 19 · Conferences, conventions and meetings

    total $775 · program services $388 · management and general $387

  • 20 · Interest

    total $39,742 · program services $35,768 · management and general $3,974

  • 22 · Depreciation, depletion and amortization

    total $207,649 · program services $197,267 · management and general $10,382

  • 23 · Insurance

    total $23,466 · program services $22,293 · management and general $1,173

  • 24a · Other expenses: MISCELLANEOUS EXPENSES

    total $5,980 · program services $5,383 · management and general $597

  • 24b · Other expenses: PROGRAM SUPPLIES

    total $4,001 · program services $4,001 · management and general $0

  • 24c · Other expenses: PRINTING AND PUBLICATIO

    total $1,859 · program services $1,673 · management and general $186

  • 24d · Other expenses: OTHER SUPPLIES

    total $240 · program services $216 · management and general $24

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $65,882 · end of year $100,383

  • 2 · Savings and temporary cash investments

    beginning of year $59,124 · end of year $88,169

  • 4 · Accounts receivable

    beginning of year $10,528 · end of year $3,164

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

    $8,296,985

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

    $1,189,485

  • 10c · Land, buildings and equipment, net

    beginning of year $7,290,575 · end of year $7,107,500

  • 15 · Other assets

    end of year $137

  • 17 · Accounts payable and accrued expenses

    beginning of year $135,333 · end of year $173,366

  • 21 · Escrow or custodial account liability

    beginning of year $10,762 · end of year $9,790

  • 23 · Secured mortgages and notes payable

    beginning of year $6,080,427 · end of year $6,080,427

  • 25 · Other liabilities

    beginning of year $441,860 · end of year $481,739

  • 27 · Net assets without donor restrictions

    beginning of year $757,727 · end of year $554,031

Mission and programs · 2022

Mission

SACRED HEART VILLAGE II INC. IS A NONPROFIT ORGANIZATION FORMED TO PROVIDE VERY LOW-INCOME ELDERLY PERSONS (62 AND OLDER) WITH AFFORDABLE HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND OTHER NEEDS, TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING.

Activities or mission (Part I)

PROVIDING ELDERLY PERSONS (62 AND OLDER) WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND OTHER NEEDS, TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING.

  • TO PROVIDE AFFORDABLE HOUSING FOR VERY LOW-INCOME ELDERLY PERSONS. THE ORGANIZATION OPERATES A 26-UNIT HOUSING FACILITY.

    Expenses $579,335 · Revenue $434,674

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

Listed in Part VII

  • Jimmy Horty

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Susan C Canning

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Joan Wachstein

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Margaret E Levesque

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Gert Abel

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • L Vincent Ramunno Esq

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sara T Toner Esq

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Lindsay Orr Esq

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Brother Ronald Giannone

    EXECUTIVE DIRECTOR

    Total calculated
    $142,115
    From this org
    $0
    From related orgs
    $129,679
    Other
    $12,436
    Hours/week
    5 + 35 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.

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
12 May 2023
IRS schema version
2022v5.0
Source object
202301329349302305

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