Osprey Village Inc
- Assets
- $587.4k
- Revenue
- $148.3k
- Investments
- $39.1k
- Employees
- 3
- Location
- Hilton Head Island, SC
- Founding
- 04/2009
- Data as of
- 12/2022
- EIN
- 26-2967726
Organization Overview
Osprey Village Inc is located in Hilton Head Island, SC. The organization was established in 2009. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Osprey Village Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Osprey Village Inc 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 12/2022, Osprey Village Inc generated $148.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (16.4%) each year. All expenses for the organization totaled $279.2k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A RANGE OF HOUSING OPTIONS AND AN AGE-IN-PLACE SOLUTION FOR ADULTS WITH DEVELOPMENTAL DISABILITIES THAT FOSTERS COMMUNITY INCLUSION AND SUPPORT ACHIEVING INDEPENDENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING DEVELOPMENT: THE ORGANIZATION IS CURRENTLY IN THE RESEARCH AND FUNDRAISING PHASE FOR THE PROPERTY SITE THAT WAS DONATED AT THE END OF 2017. OSPREY VILLAGE APPLIED TO THE SC HOUSING TRUST FUND FOR CAPITAL FUNDING OF PHASE I OF THE HOUSING DEVELOPMENT PROJECT IN JUNE 2021 BUT WAS NOT AWARDED FUNDING. PLANS ARE NEARING COMPLETION FOR A CAPITAL CAMPAIGN AND OTHER PRIVATE FUNDING OF THE NEIGHBORHOOD DEVELOPMENT AND ITS HOUSING UNITS. FINAL ENGINEERING, ARCHITECTURAL DESIGN, AND PERMITTING WILL BEGIN IN EARLY 2024 WITH INITIAL CONSTRUCTION EXPECTED TO BEGIN IN EARLY 2025.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Hamp Greene Director | Trustee | 1 | $0 |
Jeffrey Norkus Director | Trustee | 1 | $0 |
William Wiley Director | Trustee | 1 | $0 |
Susan Doubles Director Emeritus | Trustee | 1 | $0 |
Edward Doyle Director | Trustee | 1 | $0 |
Thomas Reed President | Officer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,505 |
| Related organizations | $20,719 |
| Government grants | $23,667 |
| All other contributions, gifts, grants, and similar amounts not included above | $90,666 |
| Noncash contributions included in lines 1a–1f | $5,724 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $137,557 |
| Total Program Service Revenue | $0 |
| Investment income | $962 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $9,773 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $148,292 |
| 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 | $30,374 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,651 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,402 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,642 |
| Fees for services: Other | $146,086 |
| Advertising and promotion | $8,655 |
| Office expenses | $3,656 |
| Information technology | $876 |
| Royalties | $0 |
| Occupancy | $17,890 |
| Travel | $1,200 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,325 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,040 |
| All other expenses | $1,002 |
| Total functional expenses | $279,185 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $176,166 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $150 |
| 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 | $0 |
| Net Land, buildings, and equipment | $372,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $39,075 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $587,391 |
| Accounts payable and accrued expenses | $18,594 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $159,301 |
| Total liabilities | $177,895 |
| Net assets without donor restrictions | -$634 |
| Net assets with donor restrictions | $410,130 |
| 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 | $587,391 |