S E M Villa Inc is located in Milford, OH. The organization was established in 1972. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, S E M Villa Inc employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. S E M Villa 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 12/2021, S E M Villa Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. While expenses have increased by 0.8% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
RETIREMENT COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES A COMPREHENSIVE PROGRAM FOR RETIREMENT LIVING.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Mark Gillespie President | OfficerTrustee | 0 | $0 |
Kevin Martin Vice President | OfficerTrustee | 0 | $0 |
Elizabeth W Lockwood Secretary | OfficerTrustee | 0 | $0 |
Donald Dunton Trustee | Trustee | 0 | $0 |
Gerald Halvorsen Trustee | Trustee | 0 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
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 | $0 |
Total Program Service Revenue | $1,738,485 |
Investment income | $124 |
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 | $1,738,609 |
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 | $605,171 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $1,979 |
Payroll taxes | $55,142 |
Fees for services: Management | $91,213 |
Fees for services: Legal | $894 |
Fees for services: Accounting | $22,070 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $7,477 |
Office expenses | $0 |
Information technology | $24,622 |
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 | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $52,780 |
Insurance | $71,653 |
All other expenses | $96,218 |
Total functional expenses | $1,623,625 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $462,849 |
Savings and temporary cash investments | $1,473,611 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $14,640 |
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 | $34,047 |
Net Land, buildings, and equipment | $400,777 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $116,915 |
Total assets | $2,502,839 |
Accounts payable and accrued expenses | $53,913 |
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 | $89,881 |
Total liabilities | $143,794 |
Net assets without donor restrictions | $2,359,045 |
Net assets with donor restrictions | $0 |
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 | $2,502,839 |
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