Villa Seton Inc
- Assets
- $3.5m
- Revenue
- $754.7k
- Investments
- $410.3k
- Employees
- 4
- Location
- Palm Beach Gardens, FL
- Founding
- 07/2001
- Data as of
- 06/2024
- EIN
- 31-1775150
Organization Overview
Villa Seton Inc is located in Palm Beach Gardens, FL. The organization was established in 2001. 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 06/2024, Villa Seton Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Villa Seton 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 06/2024, Villa Seton Inc generated $754.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $836.5k during the year ending 06/2024. While expenses have increased by 5.1% 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 | $587,925 |
| 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 | $587,925 |
| Total Program Service Revenue | $154,033 |
| Investment income | $2,369 |
| 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 | $754,711 |
| 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 | $130,773 |
| Pension plan accruals and contributions | $5,793 |
| Other employee benefits | $16,420 |
| Payroll taxes | $9,405 |
| Fees for services: Management | $69,723 |
| Fees for services: Legal | $15 |
| Fees for services: Accounting | $15,855 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,160 |
| Office expenses | $40,781 |
| 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 | $412 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $147,147 |
| Insurance | $229,907 |
| All other expenses | $11,115 |
| Total functional expenses | $836,475 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,841 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $254 |
| 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 | $118,603 |
| Net Land, buildings, and equipment | $2,829,323 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $410,262 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $107,813 |
| Total assets | $3,496,096 |
| Accounts payable and accrued expenses | $19,768 |
| 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 | $327,385 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,652 |
| Total liabilities | $362,805 |
| Net assets without donor restrictions | -$1,849,619 |
| Net assets with donor restrictions | $4,982,910 |
| 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 | $3,496,096 |