St Clair Villa INC FY2020 filing

Tax-deductible

Memphis, TN501(c)(3)HousingEIN 25-1700573

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To provide affordable quality housing to the elderly, people with disabilities, & very low income people.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2020 · 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
1 of 5
filings with a surplus
Average surplus $269K a year · 40% of revenue · last 5 filings
Worth a look: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.1M
183% of total assets
Concern: liabilities are 183% of assets; over 80%.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$396K
Spent
$459K
To programs
75%
Net assets
−$1.4M
By yearFY2020–FY2024
Revenue
$396K
FY2020
Revenue by fiscal year
FY2020$396K
FY2021$374K
FY2022$2.6M
FY2023$378
FY2024$0
Expenses
$459K
FY2020
Expenses by fiscal year
FY2020$459K
FY2021$512K
FY2022$537K
FY2023$11K
FY2024$526K
Net assets
−$1.4M
FY2020
Net assets by fiscal year
FY2020−$1.4M
FY2021−$1.5M
FY2022$538K
FY2023$527K
FY2024$769

From the FY2020 Form 990 · see the original

You’re viewing the FY2020 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 Feb 1993.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $343K Management & general 25% · $117K

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

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Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See St Clair Villa INC executive salaries →

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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 15aYes

Programs and updates

Builds affordable homes for seniors, disabled individuals, and very low-income families.

Provided by the organization

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1 program service account for $343K of program spending, described in the organization's own filed words · FY2020.
01

Rental housing for elderly, Goodwill Villa operates a forty-eight unit apartment complex in Bridgeville, PA. The operation is conducted under HUD regulations.

$343Kprogram expense

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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 · 1 grant · $526K · 2024–2024
Housing Preservation INCTN · FY2024$526,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$396K
Ln 12
Gifts and grantsLn 1h$207K
Fees for servicesLn 2g$186K
Other incomeLn 4–11$3K
Money outPt IX
$459K
Ln 25
Programscol B$343K
Managementcol C$117K
Owns and owesPt X
−$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$68K
Total assetsLn 16$1.7M
LiabilitiesLn 26$3.1M
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$207K
Government grantsLn 1e$207K
Fees for servicesLn 2g$186K
Investment incomeLn 3$197
Other incomeLn 4–11$3K
Gains on assetsLn 7$0
Total revenueLn 12$396K
Assets in detailPt X, end of year
CashLn 1$68K
SavingsLn 2$0
Cash and savings togetherLn 1–2$68K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$1.4M
Other assetsLn 15$158K
Total assetsLn 16$1.7M
LiabilitiesLn 26$3.1M
Net assetsLn 32−$1.4M
OperationsPt I, VI
EmployeesI 55
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$2K$68K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$1.5M$1.4M
Total assetsLn 16$1.7M$1.7M
LiabilitiesLn 26$3.1M$3.1M
Net assetsLn 32−$1.3M−$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
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$71K$19K$52K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$19K$19K
Payroll taxesLn 10$8K$8K
Management feesLn 11a$32K$32K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$18K$18K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$13K$5K$8K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$88K$88K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$32$32
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$99K$99K
InsuranceLn 23$27K$27K
Other expenses (24a–d)Ln 24$83K$78K$6K
All other expensesLn 24e$0
Total functional expensesLn 25$459K$343K$117K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $0$526K−$526K$769 990 PDF
FY2023 $378$11K−$11K$527K 990 PDF
FY2022 $2.6M$537K$2.1M$538K 990 PDF
FY2021 $374K$512K−$138K−$1.5M 990 PDF
FY2020 Viewing $396K$459K−$63K−$1.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $396,365 across 10 lines filed
VIII-1e Government grants$207,146
VIII-1h Total contributions, gifts and grants$207,146
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $186,097$186,097
VIII-3 Investment incomeExcluded from tax $197$197
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 $2,925$2,925
VIII-12 Total revenueRelated to mission $189,022 · Excluded from tax $197$396,365
Part IX · Statement of functional expenses $459,439 across 31 lines filed
IX-1 Grants to domestic organizations$0
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 $18,773 · Management $52,109$70,882
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $19,049$19,049
IX-10 Payroll taxesPrograms $7,618$7,618
IX-11a Management feesManagement $31,752$31,752
IX-11b Legal feesManagement $1,101$1,101
IX-11c Accounting feesManagement $18,007$18,007
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $4,632 · Management $7,987$12,619
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $88,306$88,306
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsManagement $32$32
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $99,486$99,486
IX-23 InsurancePrograms $27,132$27,132
IX-24 Other expenses (24a–d)Programs $77,509 · Management $5,946$83,455
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $342,505 · Management $116,934 · Fundraising $0$459,439
Part X · Balance sheet $1,691,222 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $1,942$67,511
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $30,164$10,494
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $8,788$6,938
X-10c Land, buildings and equipment, netStart of year $1,547,516$1,448,030
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $117,739$158,249
X-16 Total assetsStart of year $1,706,149$1,691,222
X-17 Accounts payable and accrued expensesStart of year $27,904$75,713
X-25 Other liabilitiesStart of year $17,112$17,450
X-26 Total liabilitiesStart of year $3,052,216$3,100,363
X-27 Net assets without donor restrictionsStart of year −$1,346,067−$1,409,141
X-32 Total net assets or fund balancesStart of year −$1,346,067−$1,409,141
X-33 Total liabilities and net assetsStart of year $1,706,149$1,691,222
Part XI · Reconciliation of net assets −$1,409,141 net assets at year end
XI-1 Total revenue$396,365
XI-2 Total expenses$459,439
XI-3 Revenue less expenses−$63,074
XI-4 Net assets at start of year−$1,346,067
XI-10 Net assets at end of year−$1,409,141

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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