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Hsvs Property Foundation Ltd FY2021 filing

Not tax-deductible

Brooklyn, NYMutual-benefit / member-servingSince 2017Human Services EIN 82-2726570Revenue $239K in FY2021

On file with the IRS330 Jay Street 29th Floor, 11201-2935 · Brooklyn, NYTax-exempt since Mar 2019

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To hold title to Property to st. Vincent's services, INC. D/b/a heartshare st. Vincent's services ("Hsvs"), in its efforts to provide and care for young boys and girls, adolescents, young adults, adults and families through the establishment, operation and maintenance of various types of programs, facilities, homes and residences which provide for the physical, mental, spiritual, intellectual and emotional welfare and well-being of said young boys and girls, adolescents, young adults, adults and families. Entire amount of net rental income, if any, is to be turned over to Hsvs, an organization with a tax-exempt status.

Mission: Form 990 Part I, line 1

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
1 of 3
filings with a surplus
Average deficit $78K a year · 22% of revenue · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
581%
of spending
Looks good: 581% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.3M
53% of total assets
Fine: liabilities are 53% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
2
of 4 voting members
Fine: 2 of 4 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$239K
Spent
$97K
To programs
581%
Net assets
$3.0M
By yearFY2021–FY2024
Revenue
$239K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$239K
FY2023$470K
FY2024$332K
FY2024$312K
Expenses
$97K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$97K
FY2023$602K
FY2024$575K
FY2024$591K
Net assets
$3.0M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$3.0M
FY2023$2.5M
FY2024$2.3M
FY2024$2.0M

From the FY2021 Form 990 (year ending June 2021) · see the original

990 PDF Claim
You’re viewing the FY2021 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 2019.

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

Where the money goes

581 cents of each dollar spent went to programs.

Program services 581% · $566K Management & general 100% · $97K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Paul J Torre
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Paul J Torre
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Hsvs Property Foundation Ltd 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

Owns and rents NYC buildings and land to support Catholic social services.

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Provided by the organization

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1 program · in their own filed words · FY2021
01

HSVS Property Foundation, Ltd. holds title to several buildings and land located in New York City, for the express purpose of leasing and renting in furtherance of St. Vincent's Services, Inc's. (dba HeartShare St. Vincent's Services) (HSVS) mission, as a Catholic social services agency.

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 4 grants · $877K · 2021–2024
St Vincent's Services INCNY · FY2024$249,305
St Vincent's Services INCNY · FY2023$242,043
St Vincent's Services INCNY · FY2022$234,407
St Vincent's Services INCNY · FY2021$151,720

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$239K
Ln 12
Other incomeLn 4–11$239K
Money outPt IX
$97K
Ln 25
Programscol B$566K
Managementcol C$97K
Owns and owesPt X
$3.0M
net assets · Ln 32
Cash and savingsLn 1–2$11K
Total assetsLn 16$6.3M
LiabilitiesLn 26$3.3M
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Other incomeLn 4–11$239K
Total revenueLn 12$239K
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$11K
Total assetsLn 16$6.3M
LiabilitiesLn 26$3.3M
Net assetsLn 32$3.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $332K$575K−$243K$2.3M 990 PDF
FY2023 $470K$602K−$132K$2.5M 990 PDF
FY2022 Not on file
FY2021 Viewing $239K$97K$142K$3.0M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons A · Public support O · Explanations
See the full FY2021 990 (1 part)
Part VI · Governance 2 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members2
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

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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