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

Saint Joseph's Tower INC FY2022 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 2022 it reported $893K in revenue, $974K in expenses, and $-2.2M 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 (2020–2022)
Revenue
$893KFY2022
Expenses
$974K
Net assets
$-2.2M
People
19
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
$893K revenue, $974K expenses
Bottom line
90% program efficiency
Where the money goes · FY2022
Total revenue
$893K
Pt VIII · Ln 12
Total expenses
$974K
Pt IX · Ln 25
Net assets
$-2.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$81K
Where spending went · Part IX cols B–D
Program services $0.90 Management & general $0.10
Program efficiency
90%
of spending reaches programs
Operating runway
1.1mo
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 2022 · Form 990
Revenue
$893K
FY2022+0.4%
Expenses
$974K
FY2022▲ +0.7%
Total assets
$1.2M
FY2022▼ -7%
Total liabilities
$3.4M
FY2022-0.4%
Total revenue
$893K
Pt VIII · Ln 12
Total expenses
$974K
Pt IX · Ln 25
Net assets
$-2.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$81K
Total assetsPt X · Ln 16$1.2M
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 49

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 1b9
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 (FY2021); the FY2022 filing did not itemize Part VII
Director; Trinity EVP Cont Care
$0Pt VII · Sec A
Treasurer Thr 3/22; Thhs Pres & CEO
$0Pt VII · Sec A
Dir Thr 6/22; Pres & CEO Thr 6/22
$0Pt VII · Sec A
Director; President & CEO as of 6/22
$0Pt VII · Sec A
Secretary: Trinity VP Managubg Cnsl
$0Pt VII · Sec A
Tslc CFO Through 2/22
$0Pt VII · Sec A
President Tssm & SVP Thsc Thr 7/21
$0Pt VII · Sec A
Int CFO Cont Care Thr 2/22; Th Mgr
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $872K of program spending, described in the organization's own filed words · FY2021.
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.

$872Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$602K · 67%
Program service revenue$282K · 32%
Other revenue$9K · 1%
Contributions & grants67%$602K
Program service revenue32%$282K
Other revenue1%$9K
Investment income$63
Total revenueLn 12$893K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.10
Program services90%$872K
Management & general10%$102K
Total functional expensesLn 25$974K

Balance Sheet

Part X · end of year
CashLn 1$25K
Total assetsLn 16$1.2M
Total liabilitiesLn 26$3.4M
Total net assetsLn 32$-2.2M
Months of cash on handcomputed0.3

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $92K · Operating expenses/yr $974K
1.1 months
Where the money goes
Program services
Program services $872K · Total expenses $974K
90%
Management & General
Management & general $102K · Total expenses $974K
10%
Fundraising
Fundraising $0 · Total expenses $974K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $201K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $602K · Total revenue $893K
67%
Government reliance
Government grants — · Total revenue $893K
Earned-income share
Program service revenue $282K · Total revenue $893K
32%
Investment reliance
Investment income $63 · Total revenue $893K
<0.01%
Program self-sufficiency
Program service revenue $282K · Total expenses $974K
29%
Growth & trend
Revenue growth (YoY)
This year $893K · Prior year $889K
+0.4%
Net-asset trend (YoY)
End of year $-2.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $893K · Expenses $974K
-9%
Liabilities-to-Assets
Total liabilities — · Total assets $1.2M
Net-asset ratio
Net assets $-2.2M · Total assets $1.2M
-180%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $40K · Other securities (Pt X, ln 12) $27K · Total assets (Pt X, ln 16) $1.2M
6%
People & payroll
Highest Reported Total Compensation
Individual John Capasso · Reported title DIRECTOR; TRINITY EVP CONT CARE · Highest reported compensation $0 · Total expenses $974K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $222K · Total expenses $974K
23%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 90%
Overhead ratio 10%
Fundraising cost ratio 0%
Revenue growth 0.4%
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.

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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 · viewing · ⤓ 990 PDF
FY2021$889K revenue · ⤓ 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) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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