Villa Franciscan Inc
- Assets
- $2.3m
- Revenue
- $1.2m
- Investments
- $282.8k
- Employees
- 5
- Location
- Palm Beach Gardens, FL
- Founding
- 11/1993
- Data as of
- 06/2024
- EIN
- 65-0349169
Organization Overview
Villa Franciscan Inc is located in Palm Beach Gardens, FL. The organization was established in 1993. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 06/2024, Villa Franciscan Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Villa Franciscan 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 Franciscan Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $1.3m during the year ending 06/2024. While expenses have increased by 3.6% 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
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 | $895,619 |
| 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 | $895,619 |
| Total Program Service Revenue | $267,636 |
| Investment income | $1,821 |
| 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 | $1,170,240 |
| 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 | $233,887 |
| Pension plan accruals and contributions | $21,074 |
| Other employee benefits | $16,329 |
| Payroll taxes | $19,081 |
| Fees for services: Management | $96,592 |
| Fees for services: Legal | $3,599 |
| Fees for services: Accounting | $19,023 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,115 |
| Office expenses | $39,136 |
| 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 | $6,320 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $132,852 |
| Insurance | $270,314 |
| All other expenses | $33,752 |
| Total functional expenses | $1,269,445 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,587 |
| Savings and temporary cash investments | $0 |
| 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 | $151,571 |
| Net Land, buildings, and equipment | $1,775,378 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $282,776 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $121,077 |
| Total assets | $2,347,389 |
| Accounts payable and accrued expenses | $25,190 |
| 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 | $26,751 |
| Total liabilities | $51,941 |
| Net assets without donor restrictions | -$2,372,752 |
| Net assets with donor restrictions | $4,668,200 |
| 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 | $2,347,389 |