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Nativity Bvm Place EIN 27-3583614 Form 990 (PDF) Claim this org

Nativity Bvm Place FY2021 filing

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Develops and rents affordable housing for seniors aged 62 and older. For fiscal year 2021 it reported $634K in revenue, $983K in expenses, and $8.6M in net assets.Pt I

Founded
2010
Type
Public charity (501(c)(3)) · Housing
Location
Philadelphia, PA
Website
www.humangood.org/nativity-bvm
Filings
4 on file (2021–2021)
Revenue
$634KFY2021
Expenses
$983K
Net assets
$8.6M
People
8
Filings
4
Updates
0
More identity details & actions ⌄
EIN  27-3583614 Public charity (501(c)(3)) Philadelphia, PA Founded 2010
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Develops and rents affordable housing for seniors aged 62 and older.
Leadership
Rev Paul M Kennedy · President
Money in and out
$634K revenue, $983K expenses
Bottom line
94% program efficiency
Where the money goes · FY2021
Total revenue
$634K
Pt VIII · Ln 12
Total expenses
$983K
Pt IX · Ln 25
Net assets
$8.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$349K
Where spending went · Part IX cols B–D
Program services $0.94 Management & general $0.06
Program efficiency
94%
of spending reaches programs
Operating runway
0.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
-55%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$634K
FY2021
Expenses
$983K
FY2021
Total assets
$10.5M
FY2021
Total liabilities
$1.9M
FY2021
Total revenue
$634K
Pt VIII · Ln 12
Total expenses
$983K
Pt IX · Ln 25
Net assets
$8.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$349K
Total assetsPt X · Ln 16$10.5M
Program-expense ratioPt IX · col B94%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

1 program service account for $928K of program spending, described in the organization's own filed words · FY2020.
01

Operation of a 63-UNIT housing project for seniors ages 62 and older in the port richmond neighborhood of philadelphia

$928Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CNativity Bvm Place
EINHdr · item D27-3583614
Principal addressHdr · item CPhiladelphia, PA
WebsiteHdr · item Jwww.humangood.org/nativity-bvm
Year of formationHdr · item L2010
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L20)
Ruling yearIRS BMFSep 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Michael McHugh
Vice President
$0Pt VII · Sec A
Lorraine Knight
Secretary & Treasurer
$0Pt VII · Sec A
James Amato
Assistant Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue$627K · 99%
Other revenue$7K · 1%
Program service revenue99%$627K
Other revenue1%$7K
Investment income$25
Total revenueLn 12$634K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.94 Management & general $0.06
Program services94%$928K
Management & general6%$56K
Total functional expensesLn 25$983K

Balance Sheet

Part X · end of year
CashLn 1$23K
Total assetsLn 16$10.5M
Total liabilitiesLn 26$1.9M
Total net assetsLn 32$8.6M
Months of cash on handcomputed0.3

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $23K · Operating expenses/yr $983K
0.3 months
Where the money goes
Program services
Program services $928K · Total expenses $983K
94%
Management & General
Management & general $56K · Total expenses $983K
6%
Fundraising
Fundraising $0 · Total expenses $983K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $634K
0%
Government reliance
Government grants — · Total revenue $634K
—
Earned-income share
Program service revenue $627K · Total revenue $634K
99%
Investment reliance
Investment income $25 · Total revenue $634K
<0.01%
Program self-sufficiency
Program service revenue $627K · Total expenses $983K
64%
Growth & trend
Revenue growth (YoY)
This year $634K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $8.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $634K · Expenses $983K
-55%
Liabilities-to-Assets
Total liabilities — · Total assets $10.5M
—
Net-asset ratio
Net assets $8.6M · Total assets $10.5M
82%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $10.5M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Rev Paul M Kennedy · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $983K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $127K · Total expenses $983K
13%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 94%——
Overhead ratio 6%——
Legal fee ratio 0.02%——
Accounting fee ratio 2%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Central Pennsylvania Scholarship FundFY2024$160K
Total grants receivedfrom 1 funder$160K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$718K revenue · ⤓ 990 PDF
FY2023$679K revenue · ⤓ 990 PDF
FY2022$644K revenue · ⤓ 990 PDF
FY2021$634K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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