St Nicholas Foundation INC FY2023 filing

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Provide low income housing for senior citizens

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $592K a year · 29% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
34 mo
of spending, in cash
Looks good: 33.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$442K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.9M
-56% vs prior year
Spent
$1.8M
To programs
74%
Net assets
$8.1M
By yearFY2020–FY2024
Revenue
$1.9M
FY2023▼ -56%
Tap a bar for its year
Revenue by fiscal year
FY2020$991K
FY2021$1.4M
FY2022$4.3M
FY2023$1.9M
FY2024$1.6M
Expenses
$1.8M
FY2023▲ +14%
Tap a bar for its year
Expenses by fiscal year
FY2020$992K
FY2021$1.4M
FY2022$1.6M
FY2023$1.8M
FY2024$1.4M
Net assets
$8.1M
FY2023▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020$5.5M
FY2021$5.6M
FY2022$8.2M
FY2023$8.1M
FY2024$8.0M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1980.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $1.4M Management & general 26% · $474K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See St Nicholas Foundation INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers affordable housing for senior citizens.

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1 program · $1.4M · in their own filed words · FY2023
01

The foundation maintains and manages 76 subsidized rental units for the elderly. The foundation provides grants and allocations to seniors and others for education and religious purposes.

$1.4Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 89 grants · $1.8M · 2020–2024
FiliCA · FY2024$19,500
Unitemized GrantFY2024$10,100
Valley Performing Arts CenterCA · FY2024$10,000
Union Rescue MissionCA · FY2024$10,000
Svc Senior CenterCA · FY2024$10,000
Pal Youth CampCA · FY2024$10,000
Kids N Cancer - Camp AgapeCA · FY2024$10,000
IoccMD · FY2024$10,000
Homeboy IndustriesCA · FY2024$10,000
Holy Cross School of Th EologMA · FY2024$10,000
The Harmony ProjectCA · FY2024$10,000
See all 89 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.9M
Ln 12
Fees for servicesLn 2g$1.6M
Investment incomeLn 3$229K
Other incomeLn 4–11$25K
Money outPt IX
$1.8M
Ln 25
Programscol B$1.4M
Managementcol C$474K
Owns and owesPt X
$8.1M
net assets · Ln 32
Cash and savingsLn 1–2$5.2M
Total assetsLn 16$8.5M
LiabilitiesLn 26$442K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.6M
Investment incomeLn 3$229K
Other incomeLn 4–11$25K
Gains on assetsLn 7$0
Total revenueLn 12$1.9M
Assets in detailPt X, end of year
CashLn 1$2.9M
SavingsLn 2$2.3M
Cash and savings togetherLn 1–2$5.2M
Accounts receivableLn 4$63K
Notes and loans receivableLn 7$150K
Prepaid expenses and deferred chargesLn 9$86K
Land, buildings, equipmentLn 10c$515K
InvestmentsLn 11–13$2.5M
Total assetsLn 16$8.5M
LiabilitiesLn 26$442K
Net assetsLn 32$8.1M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$5.0M$5.2M
InvestmentsLn 11–13$2.5M$2.5M
Land, buildings, equipmentLn 10c$511K$515K
Total assetsLn 16$8.4M$8.5M
LiabilitiesLn 26$123K$442K
Net assetsLn 32$8.2M$8.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$509K$509K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$133K$133K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$8K$8K
Management feesLn 11a$112K$112K
Legal feesLn 11b$25K$25K
Accounting feesLn 11c$21K$18K$4K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$882$882
Office expensesLn 13$36K$36K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$28K$28K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$76K$76K
InsuranceLn 23$80K$75K$5K
Other expenses (24a–d)Ln 24$719K$283K$436K
All other expensesLn 24e$98K$98K$200
Total functional expensesLn 25$1.8M$1.4M$474K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 17, 2025 $1.6M$1.4M$219K$8.0M 990 PDF
FY2023 ViewingFiled with the IRS Nov 18, 2024 $1.9M$1.8M$38K$8.1M 990 PDF
FY2022Filed with the IRS Nov 15, 2023 $4.3M$1.6M$2.7M$8.2M 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $1.4M$1.4M$26K$5.6M 990 PDF
FY2020Filed with the IRS Nov 15, 2021 $991K$992K−$1K$5.5M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $1,884,681 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $1,445,941$1,630,735
I-10 Investment incomePrior year $2,364,692$229,134
I-11 Other revenuePrior year $489,905$24,812
I-12 Total revenuePrior year $4,300,538$1,884,681
I-13 Grants and similar amounts paidPrior year $345,000$508,700
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $109,741$140,830
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,167,218$1,196,973
I-18 Total expensesPrior year $1,621,959$1,846,503
I-19 Revenue less expensesPrior year $2,678,579$38,178
Part VI · Governance 6 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $1,884,681 across 9 lines filed
Lines not itemized here account for $845 of total revenue; see the IRS return.
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,630,735$1,630,735
VIII-3 Investment incomeRelated to mission $81,267 · Excluded from tax $147,867$229,134
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,408 · Unrelated business $19,559$23,967
VIII-12 Total revenueRelated to mission $1,717,255 · Unrelated business $19,559 · Excluded from tax $147,867$1,884,681
Part IX · Statement of functional expenses $1,846,503 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $508,700$508,700
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $132,576$132,576
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $8,254$8,254
IX-11a Management feesPrograms $111,929$111,929
IX-11b Legal feesPrograms $24,944$24,944
IX-11c Accounting feesPrograms $17,700 · Management $3,750$21,450
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotionPrograms $882$882
IX-13 Office expensesPrograms $35,876$35,876
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelManagement $28,485$28,485
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $76,428$76,428
IX-23 InsurancePrograms $74,651 · Management $5,250$79,901
IX-24 Other expenses (24a–d)Programs $283,184 · Management $436,064$719,248
IX-24e All other expensesPrograms $97,630 · Management $200$97,830
IX-25 Total functional expensesPrograms $1,372,754 · Management $473,749 · Fundraising $0$1,846,503
Part X · Balance sheet $8,537,574 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $2,657,663$2,857,692
X-2 Savings and temporary cash investmentsStart of year $2,296,525$2,323,152
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $366,037$62,710
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans receivableStart of year $20,000$150,000
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $40,588$85,647
X-10c Land, buildings and equipment, netStart of year $511,448$515,100
X-11 Publicly traded securitiesStart of year $223,113$293,273
X-12 Other securitiesStart of year $2,250,000$2,250,000
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $8,365,374$8,537,574
X-17 Accounts payable and accrued expensesStart of year $9,547$14,080
X-19 Deferred revenue$2,857
X-23 Secured mortgages and notes payableStart of year $87,500$87,500
X-25 Other liabilitiesStart of year $26,345$337,282
X-26 Total liabilitiesStart of year $123,392$441,719
X-27 Net assets without donor restrictionsStart of year $8,241,982$8,095,855
X-32 Total net assets or fund balancesStart of year $8,241,982$8,095,855
X-33 Total liabilities and net assetsStart of year $8,365,374$8,537,574
Part XI · Reconciliation of net assets $8,095,855 net assets at year end
XI-1 Total revenue$1,884,681
XI-2 Total expenses$1,846,503
XI-3 Revenue less expenses$38,178
XI-4 Net assets at start of year$8,241,982
XI-9 Other changes in net assets−$184,305
XI-10 Net assets at end of year$8,095,855

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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