St Vincent De Paul Gardens Inc is located in Lauderdale Lakes, FL. The organization was established in 1946. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 06/2023, St Vincent DE Paul Gardens Inc employed 6 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. St Vincent DE Paul Gardens 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 Vincent DE Paul Gardens Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $1.0m during the year ending 06/2023. While expenses have increased by 2.4% 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
LOW INCOME ELDERLY HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) PROJECT CONSISTING OF RENTAL UNITS FOR LOW INCOME, ELDERLY AND HANDICAPPED PERSONS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Rev Msgr Roberto Garza Director | Trustee | 1 | $0 |
Rev Marcos Somarriba President | Trustee | 1 | $0 |
Rev Fernando Orejuela Director | Trustee | 1 | $0 |
Rev Eduardo Logiste Felix Director | Trustee | 1 | $0 |
Rev Juan J Sosa Director | Trustee | 1 | $0 |
Rev Samuel Muodiaju Director | Trustee | 1 | $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 | $985,924 |
Investment income | $23,850 |
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 | $1,009,774 |
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 | $182,673 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $12,479 |
Payroll taxes | $13,982 |
Fees for services: Management | $78,504 |
Fees for services: Legal | $824 |
Fees for services: Accounting | $16,154 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $43,240 |
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 | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $266,381 |
Insurance | $105,557 |
All other expenses | $7,642 |
Total functional expenses | $1,028,484 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $30,122 |
Savings and temporary cash investments | $793,587 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,854 |
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 | $7,947 |
Net Land, buildings, and equipment | $5,323,156 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $27,889 |
Total assets | $6,184,555 |
Accounts payable and accrued expenses | $385,363 |
Grants payable | $0 |
Deferred revenue | $809 |
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 | $27,889 |
Total liabilities | $414,061 |
Net assets without donor restrictions | -$1,515,658 |
Net assets with donor restrictions | $7,286,152 |
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 | $6,184,555 |