Villas At Saint Therese Inc
- Assets
- $12.8m
- Revenue
- $3.5m
- Investments
- $137.1k
- Employees
- 51
- Location
- Columbus, OH
- Founding
- 03/1946
- Data as of
- 12/2022
- EIN
- 47-2021696
Organization Overview
Villas At Saint Therese Inc is located in Columbus, OH. The organization was established in 1946. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 12/2022, Villas At Saint Therese Inc employed 51 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Villas At Saint Therese 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, Villas At Saint Therese Inc generated $3.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $4.1m during the year ending 12/2022. While expenses have increased by 7.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS A ROMAN CATHOLIC INSTITUTION SPONSORED BY THE CARMELITE SISTERS FOR THE AGED AND INFIRM. THE ORGANIZATION'S MISSION IS TO PROVIDE A SECURE AFFORDABLE APARTMENT SETTING FOR MIDDLE-INCOME SENIORS WITH AN EMPHASIS ON INDEPENDENCE THROUGH THE OPERATION OF A NON-PROFIT 75-BED INDEPENDENT LIVING FACILITY AND A 50-BED ASSISTED LIVING FACILITY LOCATED IN COLUMBUS, OHIO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDEPENDENT LIVING AND ASSISTED LIVING SERVICES: THE ORGANIZATION'S MISSION IS TO PROVIDE A SECURE AFFORDABLE APARTMENT SETTING FOR MIDDLE-INCOME SENIORS WITH AN EMPHASIS ON INDEPENDENCE THROUGH THE OPERATION OF A NON-PROFIT 75-BED INDEPENDENT LIVING FACILITY AND A 50-BED ASSISTED LIVING FACILITY LOCATED IN COLUMBUS, OHIO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sr Jeanne Francis Haley President | OfficerTrustee | 1 | $0 |
Sr M Cyril Methodius Kasper O Ca Vice President | OfficerTrustee | 1 | $0 |
Mr Bert Seymour Treasurer | OfficerTrustee | 1 | $0 |
Most Rev Earl K Fernandes Chairperson | Trustee | 1 | $0 |
Sr Lois Joseph Baniewicz Member | Trustee | 1 | $0 |
Mr Leonard Barbe Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Carmelite Sisters For The Aged And Infir Sisters Salaries | 12/30/22 | $144,538 |
Jan Gabrych Repair/maintenance Services | 12/30/22 | $282,613 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $219,940 |
| All other contributions, gifts, grants, and similar amounts not included above | $54,054 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $273,994 |
| Total Program Service Revenue | $3,131,496 |
| Investment income | $16,772 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$18,840 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,452,374 |
| 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 | $1,273,629 |
| Pension plan accruals and contributions | $1,655 |
| Other employee benefits | $187,652 |
| Payroll taxes | $88,284 |
| Fees for services: Management | $63,553 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,560 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,261 |
| Fees for services: Other | $268,885 |
| Advertising and promotion | $80,959 |
| Office expenses | $29,660 |
| Information technology | $80,867 |
| Royalties | $0 |
| Occupancy | $200,354 |
| Travel | $275 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $664,098 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $667,512 |
| Insurance | $76,877 |
| All other expenses | $46,217 |
| Total functional expenses | $4,102,162 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $354,828 |
| Savings and temporary cash investments | $21,172 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $54,979 |
| 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 | $7,240 |
| Net Land, buildings, and equipment | $11,523,520 |
| Investments—publicly traded securities | $567,692 |
| Investments—other securities | $137,072 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $164,011 |
| Total assets | $12,830,514 |
| Accounts payable and accrued expenses | $167,670 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $6,784,438 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $7,114,398 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $75,213 |
| Total liabilities | $14,141,719 |
| Net assets without donor restrictions | -$1,520,335 |
| Net assets with donor restrictions | $209,130 |
| 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 | $12,830,514 |