St Charles Housing Inc
- Assets
- $2.6m
- Revenue
- $863.4k
- Investments
- $0.0
- Employees
- 5
- Location
- Port Charlotte, FL
- Founding
- 03/1946
- Data as of
- 03/2024
- EIN
- 59-2723689
Organization Overview
St Charles Housing Inc is located in Port Charlotte, FL. The organization was established in 1946. 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 03/2024, St Charles Housing Inc employed 5 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. St Charles Housing 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 03/2024, St Charles Housing Inc generated $863.4k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $784.9k during the year ending 03/2024. While expenses have increased by 0.7% per year over the past 4 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
RENTAL OF LOW-RENT GOVERNMENT ASSISTED HOUSING FOR THE ELDERLY
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENTAL OF LOW-RENT GOVERNMENT ASSISTED HOUSING FOR THE ELDERLY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Battaglia Director | Trustee | $0 | |
Joseph A Divito Director | Trustee | $0 | |
Tricia M Duffy Director | Trustee | $0 | |
Father John A Fitch President | OfficerTrustee | $0 | |
Joe Rego Director | Trustee | $0 | |
Dr Volodymyr Smeryk Director | Trustee | $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 | $854,977 |
| Investment income | $4,413 |
| 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 | $863,433 |
| 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 | $121,862 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,494 |
| Payroll taxes | $9,307 |
| Fees for services: Management | $40,682 |
| Fees for services: Legal | $3,240 |
| Fees for services: Accounting | $8,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,930 |
| Office expenses | $30,622 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $49,683 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,172 |
| Interest | $108,809 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $95,245 |
| Insurance | $146,141 |
| All other expenses | $730 |
| Total functional expenses | $784,913 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,267,823 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $126,755 |
| Net Land, buildings, and equipment | $1,193,874 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $150 |
| Total assets | $2,588,602 |
| Accounts payable and accrued expenses | $20,408 |
| Grants payable | $0 |
| Deferred revenue | $717 |
| 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 | $1,950,886 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $16,944 |
| Total liabilities | $1,988,955 |
| Net assets without donor restrictions | $599,647 |
| 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 | $2,588,602 |