Saint Joseph's Tower INC FY2024 filing

Tax-deductible

Livonia, MI501(c)(3)Since 1982EIN 31-1040468

We, trinity senior living communities and trinity health, serve together in the spirit of the gospel as a compassionate and transforming healing presence in our communities.saint joseph's tower is a member of the trinity senior living communities and trinity health.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
2 of 5
filings with a surplus
Average deficit $23K a year · 2% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.2M
302% of total assets
Concern: liabilities are 302% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 9 voting members
Looks good: 7 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.0M
+11% vs prior year
Spent
$959K
To programs
81%
Net assets
−$2.1M
By yearFY2020–FY2024
Revenue
$1.0M
FY2024▲ +11%
Revenue by fiscal year
FY2020$905K
FY2021$889K
FY2022$893K
FY2023$920K
FY2024$1.0M
FY2024$1.1M
Expenses
$959K
FY2024▼ -0.9%
Expenses by fiscal year
FY2020$874K
FY2021$968K
FY2022$974K
FY2023$968K
FY2024$959K
FY2024$1.1M
Net assets
−$2.1M
FY2024▲ +3%
Net assets by fiscal year
FY2020−$2.0M
FY2021−$2.1M
FY2022−$2.2M
FY2023−$2.2M
FY2024−$2.1M
FY2024−$2.2M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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 Mar 1946.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $781K Management & general 19% · $179K

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

Who runs it and what they're paid

17 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Director; Trinity Hlth EVP & COO
$0Pt VII · Sec A
Dir & Int Pres Thr 7/23;treas;cfo Cc
$0Pt VII · Sec A
Secretary; Trin VP Managing Counsel
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President of Finance
$0Pt VII · Sec A
Director; President & CEO as of 7/23
$0Pt VII · Sec A
Former Officer; Pres & CEO That 8/23
$0Pt VII · Sec A
Former Officer
$0Pt VII · Sec A
See Saint Joseph's Tower 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 15aNo

Programs and updates

Provides affordable, independent housing and community activities for low-income seniors and disabled adults in South Bend, Indiana, under the HUD Section 8 program.

Provided by the organization

This section is blank until Saint Joseph's Tower INC claims this page.

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1 program service account for $781K of program spending, described in the organization's own filed words · FY2023.
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.

$781Kprogram expense

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Funders

Who pays for it.

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

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.0M
Ln 12
Gifts and grantsLn 1h$667K
Fees for servicesLn 2g$316K
Other incomeLn 4–11$38K
Money outPt IX
$959K
Ln 25
Programscol B$781K
Managementcol C$179K
Owns and owesPt X
−$2.1M
net assets · Ln 32
Cash and savingsLn 1–2$27K
Total assetsLn 16$1.1M
LiabilitiesLn 26$3.2M
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$667K
Government grantsLn 1e$667K
Fees for servicesLn 2g$316K
Investment incomeLn 3$155
Other incomeLn 4–11$38K
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
CashLn 1$27K
Cash and savings togetherLn 1–2$27K
InvestmentsLn 11–13$49K
Land, buildings, equipmentLn 10c$646K
Other assetsLn 15$291K
Total assetsLn 16$1.1M
LiabilitiesLn 26$3.2M
Net assetsLn 32−$2.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 620
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 FY24End FY24
Cash and savingsLn 1–2$25K$27K
InvestmentsLn 11–13$45K$49K
Land, buildings, equipmentLn 10c$665K$646K
Total assetsLn 16$1.1M$1.1M
LiabilitiesLn 26$3.3M$3.2M
Net assetsLn 32−$2.2M−$2.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$171K$139K$32K
Other employee benefitsLn 9$27K$22K$5K
Payroll taxesLn 10$12K$10K$2K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$19K$19K
Other fees for servicesLn 11g$87K$71K$16K
Office expensesLn 13$42K$34K$8K
OccupancyLn 16$193K$157K$36K
TravelLn 17$42$34$8
Conferences, conventions and meetingsLn 19$1K$1K$275
InterestLn 20$93K$93K
Depreciation, depletion and amortizationLn 22$124K$101K$23K
InsuranceLn 23$21K$17K$4K
Other expenses (24a–d)Ln 24$165K$135K$31K
All other expensesLn 24e$879$715$164
Total functional expensesLn 25$959K$781K$179K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $1.0M$959K$62K−$2.1M 990 PDF
FY2023 $920K$968K−$48K−$2.2M 990 PDF
FY2022 $893K$974K−$81K−$2.2M 990 PDF
FY2021 $889K$968K−$78K−$2.1M 990 PDF
FY2020 $905K$874K$31K−$2.0M 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $1,020,963 across 6 lines filed
VIII-1e Government grants$666,850
VIII-1h Total contributions, gifts and grants$666,850
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $315,599$315,599
VIII-3 Investment incomeExcluded from tax $155$155
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $35,627 · Excluded from tax $2,732$38,359
VIII-12 Total revenueRelated to mission $351,226 · Unrelated business $0 · Excluded from tax $2,887$1,020,963
Part IX · Statement of functional expenses $959,184 across 15 lines filed
IX-7 Other salaries and wagesPrograms $139,209 · Management $31,946$171,155
IX-9 Other employee benefitsPrograms $22,218 · Management $5,099$27,317
IX-10 Payroll taxesPrograms $9,550 · Management $2,192$11,742
IX-11b Legal feesManagement $1,941$1,941
IX-11c Accounting feesManagement $19,000$19,000
IX-11g Other fees for servicesPrograms $70,606 · Management $16,203$86,809
IX-13 Office expensesPrograms $34,167 · Management $7,841$42,008
IX-16 OccupancyPrograms $157,118 · Management $36,056$193,174
IX-17 TravelPrograms $34 · Management $8$42
IX-19 Conferences, conventions and meetingsPrograms $1,200 · Management $275$1,475
IX-20 InterestPrograms $92,715$92,715
IX-22 Depreciation, depletion and amortizationPrograms $101,226 · Management $23,230$124,456
IX-23 InsurancePrograms $17,147 · Management $3,935$21,082
IX-24 Other expenses (24a–d)Programs $134,672 · Management $30,717$165,389
IX-24e All other expensesPrograms $715 · Management $164$879
IX-25 Total functional expensesPrograms $780,577 · Management $178,607 · Fundraising $0$959,184
Part X · Balance sheet $1,062,722 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $25,229$27,034
X-4 Accounts receivableStart of year $9,282$8,758
X-9 Prepaid expenses and deferred chargesStart of year $49,354$40,556
X-10c Land, buildings and equipment, netStart of year $664,964$646,244
X-11 Publicly traded securitiesStart of year $25,214$34,062
X-12 Other securitiesStart of year $19,571$14,598
X-15 Other assetsStart of year $322,651$291,470
X-16 Total assetsStart of year $1,116,265$1,062,722
X-17 Accounts payable and accrued expensesStart of year $54,440$86,848
X-19 Deferred revenueStart of year $633$545
X-25 Other liabilitiesStart of year $587,577$549,658
X-26 Total liabilitiesStart of year $3,323,388$3,208,066
X-27 Net assets without donor restrictionsStart of year −$2,207,123−$2,145,344
X-32 Total net assets or fund balancesStart of year −$2,207,123−$2,145,344
X-33 Total liabilities and net assetsStart of year $1,116,265$1,062,722
Part XI · Reconciliation of net assets −$2,145,344 net assets at year end
XI-1 Total revenue$1,020,963
XI-2 Total expenses$959,184
XI-3 Revenue less expenses$61,779
XI-4 Net assets at start of year−$2,207,123
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$2,145,344

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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