Saint Joseph's Tower INC EIN 31-1040468 Form 990 (PDF) Claim this org

Saint Joseph's Tower INC FY2021 filing

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Provides affordable, independent housing and community activities for low-income seniors and disabled adults in South Bend, Indiana, under the HUD Section 8 program. For fiscal year 2021 it reported $889K in revenue, $968K in expenses, and $-2.1M in net assets.Pt I

Founded
1982
Type
Public charity (501(c)(3)) · Nonprofit
Location
Livonia, MI
Website
www.trinityhealthseniorcommunities.org
Filings
5 on file (2020–2021)
Revenue
$889KFY2021
Expenses
$968K
Net assets
$-2.1M
People
18
Filings
5
Updates
0
More identity details & actions ⌄
EIN  31-1040468 Public charity (501(c)(3)) Livonia, MI Founded 1982
Form 990 (PDF)
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Size
$1–10M
What they do
Provides affordable, independent housing and community activities for low-income seniors and disabled adults in South Bend, Indiana, under the HUD Section 8 program.
Leadership
John Capasso · Director; Trinity EVP Cont Care
Money in and out
$889K revenue, $968K expenses
Bottom line
74% program efficiency
Where the money goes · FY2021
Total revenue
$889K
Pt VIII · Ln 12
Total expenses
$968K
Pt IX · Ln 25
Net assets
$-2.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$78K
Where spending went · Part IX cols B–D
Program services $0.74 Management & general $0.26
Program efficiency
74%
of spending reaches programs
Operating runway
0.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
-9%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$889K
FY2021▼ -2%
Expenses
$968K
FY2021▲ +11%
Total assets
$1.3M
FY2021▼ -19%
Total liabilities
$3.4M
FY2021▼ -6%
Total revenue
$889K
Pt VIII · Ln 12
Total expenses
$968K
Pt IX · Ln 25
Net assets
$-2.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$78K
Total assetsPt X · Ln 16$1.3M
Program-expense ratioPt IX · col B74%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 410

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSaint Joseph's Tower INC
EINHdr · item D31-1040468
Principal addressHdr · item CLivonia, MI
Year of formationHdr · item L1982
State of legal domicileHdr · item MMI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFMar 1946

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b10
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
Director; Trinity EVP Cont Care
$0Pt VII · Sec A
Director; President and CEO
$0Pt VII · Sec A
Former Key Employee
$0Pt VII · Sec A
President Tssm; SVP Thsc
$0Pt VII · Sec A
Trea;int Sec Thr12/20;cfo Cc Thr6/21
$0Pt VII · Sec A
Sec at 1/21;trinity Managing Cnsl
$0Pt VII · Sec A
Thsc CFO
$0Pt VII · Sec A
Former Officer; Contingent Manager
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $719K of program spending, described in the organization's own filed words · FY2020.
01

Saint joseph's tower (aka sanctuary at trinity tower) is located in south bend, indiana and offers 84 affordable independent living units for self-reliant, low income senior residents under the hud section 8 program.

$719Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$612K · 69%
Program service revenue$274K · 31%
Contributions & grants69%$612K
Program service revenue31%$274K
Investment income$61
Other revenue$3K
— government grantsLn 1e$612K
Total revenueLn 12$889K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.74 Management & general $0.26
Program services74%$719K
Management & general26%$249K
Total functional expensesLn 25$968K

Balance Sheet

Part X · end of year
CashLn 1$4K
Total assetsLn 16$1.3M
Total liabilitiesLn 26$3.4M
Total net assetsLn 32$-2.1M
Months of cash on handcomputed0.1

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $68K · Operating expenses/yr $968K
0.8 months
Where the money goes
Program services
Program services $719K · Total expenses $968K
74%
Management & General
Management & general $249K · Total expenses $968K
26%
Fundraising
Fundraising $0 · Total expenses $968K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $612K · Total revenue $889K
69%
Government reliance
Government grants $612K · Total revenue $889K
69%
Earned-income share
Program service revenue $274K · Total revenue $889K
31%
Investment reliance
Investment income $61 · Total revenue $889K
<0.01%
Program self-sufficiency
Program service revenue $274K · Total expenses $968K
28%
Growth & trend
Revenue growth (YoY)
This year $889K · Prior year $905K
-2%
Net-asset trend (YoY)
End of year $-2.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $889K · Expenses $968K
-9%
Liabilities-to-Assets
Total liabilities — · Total assets $1.3M
Net-asset ratio
Net assets $-2.1M · Total assets $1.3M
-161%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $41K · Other securities (Pt X, ln 12) $22K · Total assets (Pt X, ln 16) $1.3M
5%
People & payroll
Highest Reported Total Compensation
Individual John Capasso · Reported title DIRECTOR; TRINITY EVP CONT CARE · Highest reported compensation $0 · Total expenses $968K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $260K · Total expenses $968K
27%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 74%
Overhead ratio 26%
Fundraising cost ratio 0%
Revenue growth -2%
Accounting fee ratio 1%

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.

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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$1.0M revenue · ⤓ 990 PDF
FY2023$920K revenue · ⤓ 990 PDF
FY2022$893K revenue · ⤓ 990 PDF
FY2021$889K revenue · viewing · ⤓ 990 PDF
FY2020$905K revenue · ⤓ 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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