Ignatius Hall Development INC FY2022 filing

Jersey City, NJUnknown exempt organization EIN 82-5524327Latest return filed Apr 1, 2025

On file with the IRSJersey City, NJ

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To establish and operate a dormitory facility for the students of saint peter's university.

Form 990 Part I, line 1, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 82-5524327) · Dispute this line
Mission: Form 990 Part I, line 1

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $1.1M a year · 63% of revenue · last 3 filings
A surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
0%
of spending
0% of spending went to programs.
Pt IX · Ln 25 · col B
82647.0 mo
of spending, in cash
82647.0 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$25.7M
100% of total assets
Liabilities are 100% of assets.
Pt X · Ln 26
Independent board members
1
of 3 voting members
1 of 3 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$0
Spent
$61
To programs
0%
Net assets
−$50K
By yearFY2022–FY2024
Revenue
$0
FY2022
Tap a bar for its year
Revenue by fiscal year
FY2022$0
FY2023$2.5M
FY2024$2.7M
Expenses
$61
FY2022
Tap a bar for its year
Expenses by fiscal year
FY2022$61
FY2023$818K
FY2024$1.1M
Net assets
−$50K
FY2022
Tap a bar for its year
Net assets by fiscal year
FY2022−$50K
FY2023$1.6M
FY2024$0

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

You’re viewing the FY2022 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 Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Management & general 100% · $61

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Ignatius Hall Development INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Operates a dormitory for Saint Peter's University students.

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1 program · in their own filed words · FY2021
01

Construction in progress for a dormitory to be used in furtherence of education provided by saint peter's university.

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 82-5524327) · Dispute this line
Pt IX · Ln 25 · col B

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$0
Ln 12
Money outPt IX
$61
Ln 25
Managementcol C$61
Owns and owesPt X
−$50K
net assets · Ln 32
Cash and savingsLn 1–2$420K
Total assetsLn 16$25.6M
LiabilitiesLn 26$25.7M
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Gains on assetsLn 7$0
Total revenueLn 12$0
Assets in detailPt X, end of year
CashLn 1$420K
Cash and savings togetherLn 1–2$420K
Land, buildings, equipmentLn 10c$25.0M
Other assetsLn 15$225K
Total assetsLn 16$25.6M
LiabilitiesLn 26$25.7M
Net assetsLn 32−$50K
OperationsPt I, VI
EmployeesI 50
VolunteersI 61
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$753K$420K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$10.8M$25.0M
Total assetsLn 16$11.6M$25.6M
LiabilitiesLn 26$11.6M$25.7M
Net assetsLn 32−$50K−$50K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of officers and key staff (Part IX, line 5)Ln 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$61$0$61$0
Total functional expensesLn 25$61$0$61$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Apr 1, 2025 $2.7M$1.1M$1.6M$0 990 PDF
FY2023Filed with the IRS Apr 9, 2024 $2.5M$818K$1.7M$1.6M 990 PDF
FY2022 ViewingFiled with the IRS Dec 25, 2024 $0$61−$61−$50K 990 PDF

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2022 990
Part I · Summary $0 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $0$0
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $50,000$61
I-18 Total expensesPrior year $50,000$61
I-19 Revenue less expensesPrior year −$50,000−$61
Part VI · Governance 1 of 3 board members independent, 5 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members1
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $0 across 7 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenue$0
Part IX · Statement of functional expenses $61 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of officers and key staff (Part IX, line 5)$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $0 · Management $61 · Fundraising $0$61
IX-25 Total functional expensesPrograms $0 · Management $61 · Fundraising $0$61
Part X · Balance sheet $25,635,555 assets, 30 lines filed
X-1 Cash, non-interest-bearingStart of year $752,648$420,122
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-5 Loans to officers and key peopleStart of year $0$0
X-6 Loans to other insidersStart of year $0$0
X-7 Notes and loans receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $10,842,231$24,990,433
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$225,000
X-16 Total assetsStart of year $11,594,879$25,635,555
X-17 Accounts payable and accrued expensesStart of year $1,275,480$2,252,507
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-21 Escrow or custodial accountsStart of year $0$0
X-22 Loans from officers and insidersStart of year $0$0
X-23 Secured mortgages and notes payableStart of year $9,575,547$22,449,774
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $793,867$983,350
X-26 Total liabilitiesStart of year $11,644,894$25,685,631
X-27 Net assets without donor restrictionsStart of year −$50,015−$50,076
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year −$50,015−$50,076
X-33 Total liabilities and net assetsStart of year $11,594,879$25,635,555
Part XI · Reconciliation of net assets −$50,076 net assets at year end
XI-1 Total revenue$0
XI-2 Total expenses$61
XI-3 Revenue less expenses−$61
XI-4 Net assets at start of year−$50,015
XI-10 Net assets at end of year−$50,076

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

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