St Clare Management Inc
- Assets
- $717.1k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 18
- Location
- Milwaukee, WI
- Founding
- 03/1946
- Data as of
- 06/2023
- EIN
- 39-1644598
Organization Overview
St Clare Management Inc is located in Milwaukee, WI. The organization was established in 1946. According to its NTEE Classification (L02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Housing & Shelter and related organizations. As of 06/2023, St Clare Management Inc employed 18 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. St Clare Management 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 06/2023, St Clare Management Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 35.8% each year . All expenses for the organization totaled $1.3m during the year ending 06/2023. While expenses have increased by 42.6% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE MANAGEMENT SERVICES FOR SIX HUD-SUBSIDIZED HOUSING PROJECTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ST CLARE MANAGEMENT, INC. IS A SERVICE CORPORATION FOR THE PURPOSE OF PROVIDING QUALITY MANAGEMENT SERVICES IN COOPERATION WITH WHEDA AND HUD TO UNDERSERVED, LOW-INCOME PERSONS, ESPECIALLY PERSONS WITH PHYSICAL DISABILITIES. ST. CLARE MANAGEMENT MANAGES EACH BUILDING IN COMPLIANCE WITH THEIR MISSION AND VALUES STATEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Hodan Chair | OfficerTrustee | 1 | $0 |
Brent Stork Vice-Chair | OfficerTrustee | 1 | $0 |
Paul Zarling Treasurer | OfficerTrustee | 1 | $0 |
Ramona Schmalz Secretary | OfficerTrustee | 1 | $0 |
Briena Jacob Director | Trustee | 1 | $0 |
Cheri Expesito Director | Trustee | 1 | $0 |
Financial Statements
| 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 | $1,370,486 |
| Investment income | $0 |
| 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 | $1,391,951 |
| 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. | $109,236 |
| Compensation of current officers, directors, key employees. | $3,562 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $740,726 |
| Pension plan accruals and contributions | $26,477 |
| Other employee benefits | $17,209 |
| Payroll taxes | $66,562 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $133 |
| Fees for services: Accounting | $6,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,276 |
| Advertising and promotion | $0 |
| Office expenses | $69,587 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,379 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $161 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,627 |
| Insurance | $169,643 |
| All other expenses | $4,214 |
| Total functional expenses | $1,332,775 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,346 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $676,284 |
| 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 | $7,248 |
| Net Land, buildings, and equipment | $202 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $717,080 |
| Accounts payable and accrued expenses | $105,366 |
| 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 | $0 |
| Total liabilities | $105,366 |
| Net assets without donor restrictions | $611,714 |
| 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 | $717,080 |
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