Nativity Bvm Place FY2022 filing

Tax-deductible

Philadelphia, PA501(c)(3)Since 2010HousingEIN 27-3583614Revenue $644K in FY2022

On file with the IRShumangood.org/nativity-bvm222 N 17th St, 19103-1202 · Philadelphia, PATax-exempt since Sep 2014Publicly supported — 509(a)(2)

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Development and rental of low income housing for seniors age 62+ in port richmond neighborhood of philadelphia

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
0 of 4
filings with a surplus
Average deficit $355K a year · 53% of revenue · last 4 filings
Concern: a surplus in 0 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $160K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.0M
20% of total assets
Looks good: liabilities are 20% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$644K
+2% vs prior year
Spent
$1.1M
To programs
94%
Net assets
$8.2M
By yearFY2021–FY2024
Revenue
$644K
FY2022▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2021$634K
FY2022$644K
FY2023$679K
FY2024$718K
FY2024$781K
Expenses
$1.1M
FY2022▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2021$983K
FY2022$1.1M
FY2023$1.0M
FY2024$1.0M
FY2024$1.1M
Net assets
$8.2M
FY2022▼ -5%
Tap a bar for its year
Net assets by fiscal year
FY2021$8.6M
FY2022$8.2M
FY2023$7.8M
FY2024$7.5M
FY2024$7.2M

From the FY2022 Form 990 (year ending June 2022) · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Exemption reinstated (2013-11-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Sep 2014.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $1.0M Management & general 6% · $60K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary & Treasurer
$0Pt VII · Sec A
Assistant Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Nativity Bvm Place 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 15aNo

Programs and updates

Develops and rents affordable housing for seniors aged 62 and older.

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Provided by the organization

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1 program · $1.0M · in their own filed words · FY2021
01

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

$1.0Mprogram expense

Funders

Who pays for it.

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

Grants

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

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$644K
Ln 12
Fees for servicesLn 2g$630K
Gifts and grantsLn 1h$8K
Other incomeLn 4–11$6K
Money outPt IX
$1.1M
Ln 25
Programscol B$1.0M
Managementcol C$60K
Owns and owesPt X
$8.2M
net assets · Ln 32
Cash and savingsLn 1–2$17K
Total assetsLn 16$10.2M
LiabilitiesLn 26$2.0M
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$8K
Government grantsLn 1e$8K
Fees for servicesLn 2g$630K
Investment incomeLn 3$28
Other incomeLn 4–11$6K
Total revenueLn 12$644K
Assets in detailPt X, end of year
CashLn 1$6K
SavingsLn 2$10K
Cash and savings togetherLn 1–2$17K
Land, buildings, equipmentLn 10c$9.8M
Other assetsLn 15$307K
Total assetsLn 16$10.2M
LiabilitiesLn 26$2.0M
Net assetsLn 32$8.2M
OperationsPt I, VI
EmployeesI 52
VolunteersI 67
Fiscal year endsHeaderJune
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 FY22End FY22
Cash and savingsLn 1–2$23K$17K
Land, buildings, equipmentLn 10c$10.2M$9.8M
Total assetsLn 16$10.5M$10.2M
LiabilitiesLn 26$1.9M$2.0M
Net assetsLn 32$8.6M$8.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$110K$110K
Pension plan contributionsLn 8$4K$4K
Other employee benefitsLn 9$18K$18K
Payroll taxesLn 10$7K$7K
Management feesLn 11a$38K$38K
Legal feesLn 11b$994$994
Accounting feesLn 11c$22K$22K
Other fees for servicesLn 11g$279K$279K
Office expensesLn 13$14K$14K
OccupancyLn 16$123K$123K
TravelLn 17$106$106
Conferences, conventions and meetingsLn 19$666$666
Depreciation, depletion and amortizationLn 22$364K$364K
InsuranceLn 23$47K$47K
Other expenses (24a–d)Ln 24$40K$40K
All other expensesLn 24e$3K$3K
Total functional expensesLn 25$1.1M$1.0M$60K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $718K$1.0M−$318K$7.5M 990 PDF
FY2023 $679K$1.0M−$327K$7.8M 990 PDF
FY2022 Viewing $644K$1.1M−$426K$8.2M 990 PDF
FY2021 $634K$983K−$349K$8.6M 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 FY2022 990 (6 parts)
Part I · Summary $644,378 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$8,197
I-9 Program service revenuePrior year $626,991$629,826
I-10 Investment incomePrior year $25$28
I-11 Other revenuePrior year $7,184$6,327
I-12 Total revenuePrior year $634,200$644,378
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $127,161$139,189
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $856,288$931,410
I-18 Total expensesPrior year $983,449$1,070,599
I-19 Revenue less expensesPrior year −$349,249−$426,221
Part VI · Governance 7 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $644,378 across 6 lines filed
VIII-1e Government grants$8,197
VIII-1h Total contributions, gifts and grants$8,197
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $617,585 · Excluded from tax $12,241$629,826
VIII-3 Investment incomeExcluded from tax $28$28
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $6,327$6,327
VIII-12 Total revenueRelated to mission $623,912 · Unrelated business $0 · Excluded from tax $12,269$644,378
Part IX · Statement of functional expenses $1,070,599 across 16 lines filed
IX-7 Other salaries and wagesPrograms $109,813$109,813
IX-8 Pension plan contributionsPrograms $4,327$4,327
IX-9 Other employee benefitsPrograms $17,573$17,573
IX-10 Payroll taxesPrograms $7,476$7,476
IX-11a Management feesManagement $38,371$38,371
IX-11b Legal feesPrograms $994$994
IX-11c Accounting feesManagement $21,615$21,615
IX-11g Other fees for servicesPrograms $278,712$278,712
IX-13 Office expensesPrograms $13,542$13,542
IX-16 OccupancyPrograms $122,696$122,696
IX-17 TravelPrograms $106$106
IX-19 Conferences, conventions and meetingsPrograms $666$666
IX-22 Depreciation, depletion and amortizationPrograms $364,166$364,166
IX-23 InsurancePrograms $47,417$47,417
IX-24 Other expenses (24a–d)Programs $40,151$40,151
IX-24e All other expensesPrograms $2,974$2,974
IX-25 Total functional expensesPrograms $1,010,613 · Management $59,986 · Fundraising $0$1,070,599
Part X · Balance sheet $10,155,559 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $12,653$6,475
X-2 Savings and temporary cash investmentsStart of year $10,198$10,200
X-4 Accounts receivableStart of year $7,573$8,086
X-9 Prepaid expenses and deferred chargesStart of year $1,423$1,297
X-10c Land, buildings and equipment, netStart of year $10,187,024$9,822,858
X-15 Other assetsStart of year $267,517$306,643
X-16 Total assetsStart of year $10,486,388$10,155,559
X-17 Accounts payable and accrued expensesStart of year $93,909$164,894
X-19 Deferred revenueStart of year $2$611
X-25 Other liabilitiesStart of year $85,628$109,898
X-26 Total liabilitiesStart of year $1,896,988$1,992,380
X-27 Net assets without donor restrictionsStart of year $8,589,400$8,163,179
X-32 Total net assets or fund balancesStart of year $8,589,400$8,163,179
X-33 Total liabilities and net assetsStart of year $10,486,388$10,155,559
Part XI · Reconciliation of net assets $8,163,179 net assets at year end
XI-1 Total revenue$644,378
XI-2 Total expenses$1,070,599
XI-3 Revenue less expenses−$426,221
XI-4 Net assets at start of year$8,589,400
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$8,163,179

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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