Villa Regina
- Assets
- $9.7m
- Revenue
- $1.5m
- Investments
- $207.4k
- Employees
- 5
- Location
- Palm Beach Gardens, FL
- Founding
- 03/1946
- Data as of
- 06/2024
- EIN
- 20-0212108
Organization Overview
Villa Regina is located in Palm Beach Gardens, FL. The organization was established in 1946. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 06/2024, Villa Regina employed 5 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Villa Regina is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Villa Regina generated $1.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $1.7m during the year ending 06/2024. While expenses have increased by 2.7% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
HOUSING FOR THE ELDERLY WITH VERY LOW INCOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) PROJECT CONTAINING RENTAL UNITS FOR THE ELDERLY WITH LOW INCOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Lewis President | OfficerTrustee | 1 | $0 |
Father Gavin Badway Vice President | OfficerTrustee | 1 | $0 |
Vito Gendusa Secretary/treasurer | OfficerTrustee | 1 | $0 |
Joseph Lerardi Director | Trustee | 1 | $0 |
Kevin Mcginley Director | Trustee | 1 | $0 |
Father Scott Adams Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,157,397 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,157,397 |
| Total Program Service Revenue | $340,391 |
| Investment income | $3,905 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,509,840 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $229,464 |
| Pension plan accruals and contributions | $16,186 |
| Other employee benefits | $6,908 |
| Payroll taxes | $17,480 |
| Fees for services: Management | $175,737 |
| Fees for services: Legal | $147 |
| Fees for services: Accounting | $20,671 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,182 |
| Office expenses | $58,554 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,315 |
| Interest | $60,064 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $363,712 |
| Insurance | $469,928 |
| All other expenses | $18,050 |
| Total functional expenses | $1,722,944 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,121 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,146 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $59,580 |
| Net Land, buildings, and equipment | $9,060,634 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $207,359 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $308,333 |
| Total assets | $9,656,173 |
| Accounts payable and accrued expenses | $20,525 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,000,750 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $27,401 |
| Total liabilities | $3,048,676 |
| Net assets without donor restrictions | -$5,008,503 |
| Net assets with donor restrictions | $11,616,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,656,173 |