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Ignatius Hall Development INC FY2023 filing

Jersey City, NJUnknown exempt organization EIN 82-5524327Revenue $2.5M in FY2023Latest 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, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 82-5524327) · Dispute this line
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2023 · 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
99%
of spending
99% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
0.8 mo
of spending, in cash
0.8 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$25.2M
94% of total assets
Liabilities are 94% 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
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$2.5M
Spent
$818K
To programs
99%
Net assets
$1.6M
By yearFY2022–FY2024
Revenue
$2.5M
FY2023
Tap a bar for its year
Revenue by fiscal year
FY2022$0
FY2023$2.5M
FY2024$2.7M
Expenses
$818K
FY2023▲ ×13414
Tap a bar for its year
Expenses by fiscal year
FY2022$61
FY2023$818K
FY2024$1.1M
Net assets
$1.6M
FY2023▲ ×35
Tap a bar for its year
Net assets by fiscal year
FY2022−$50K
FY2023$1.6M
FY2024$0

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

990 PDF Follow Claim
You’re viewing the FY2023 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

99 cents of each dollar spent went to programs.

Program services 99% · $809K Management & general 1% · $9K

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

Something off? Claim to add context

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.

Questions for Ignatius Hall Development INC

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1 program · $809K · in their own filed words · FY2022
01

Operation of a dormitory facility for the students of saint peter's university in an effort to enhance the education and non-profit purposes of saint peter's university

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 82-5524327) · Dispute this line
$809Kprogram expense

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.5M
Ln 12
Fees for servicesLn 2g$2.4M
Other incomeLn 4–11$53K
Money outPt IX
$818K
Ln 25
Programscol B$809K
Managementcol C$9K
Owns and owesPt X
$1.6M
net assets · Ln 32
Cash and savingsLn 1–2$58K
Total assetsLn 16$26.8M
LiabilitiesLn 26$25.2M
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.4M
Other incomeLn 4–11$53K
Total revenueLn 12$2.5M
Assets in detailPt X, end of year
CashLn 1$58K
Cash and savings togetherLn 1–2$58K
Land, buildings, equipmentLn 10c$26.8M
Total assetsLn 16$26.8M
LiabilitiesLn 26$25.2M
Net assetsLn 32$1.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 61
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$420K$58K
Land, buildings, equipmentLn 10c$25.0M$26.8M
Total assetsLn 16$25.6M$26.8M
LiabilitiesLn 26$25.7M$25.2M
Net assetsLn 32−$50K$1.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$6K$6K
Accounting feesLn 11c$3K$3K
OccupancyLn 16$197K$197K
Depreciation, depletion and amortizationLn 22$585K$585K
Other expenses (24a–d)Ln 24$18K$18K
All other expensesLn 24e$9K$9K
Total functional expensesLn 25$818K$809K$9K$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
FY2023 ViewingFiled with the IRS Apr 9, 2024 $2.5M$818K$1.7M$1.6M 990 PDF
FY2022Filed with the IRS Dec 25, 2024 $0$61−$61−$50K 990 PDF

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2023 990
Part I · Summary $2,496,992 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$2,443,668
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$53,324
I-12 Total revenuePrior year $0$2,496,992
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 $61$818,233
I-18 Total expensesPrior year $61$818,233
I-19 Revenue less expensesPrior year −$61$1,678,759
Part VI · Governance 1 of 3 board members independent, 3 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-15a Process for setting top official's payNo
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $2,496,992 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,443,668$2,443,668
VIII-6 Net rental income or lossExcluded from tax $53,324$53,324
VIII-12 Total revenueRelated to mission $2,443,668 · Unrelated business $0 · Excluded from tax $53,324$2,496,992
Part IX · Statement of functional expenses $818,233 across 6 lines filed
IX-11b Legal feesManagement $5,900$5,900
IX-11c Accounting feesManagement $3,120$3,120
IX-16 OccupancyPrograms $196,915$196,915
IX-22 Depreciation, depletion and amortizationPrograms $585,160$585,160
IX-24 Other expenses (24a–d)Programs $17,647$17,647
IX-24e All other expensesPrograms $9,491$9,491
IX-25 Total functional expensesPrograms $809,213 · Management $9,020 · Fundraising $0$818,233
Part X · Balance sheet $26,844,921 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $420,122$57,625
X-10c Land, buildings and equipment, netStart of year $24,990,433$26,787,296
X-16 Total assetsStart of year $25,635,555$26,844,921
X-17 Accounts payable and accrued expensesStart of year $2,252,507$147,363
X-19 Deferred revenue$1,481,100
X-25 Other liabilitiesStart of year $983,350$23,587,775
X-26 Total liabilitiesStart of year $25,685,631$25,216,238
X-27 Net assets without donor restrictionsStart of year −$50,076$1,628,683
X-32 Total net assets or fund balancesStart of year −$50,076$1,628,683
X-33 Total liabilities and net assetsStart of year $25,635,555$26,844,921
Part XI · Reconciliation of net assets $1,628,683 net assets at year end
XI-1 Total revenue$2,496,992
XI-2 Total expenses$818,233
XI-3 Revenue less expenses$1,678,759
XI-4 Net assets at start of year−$50,076
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,628,683

Form 990 e-file FY2023 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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