Civic Intelligence

Hispanic Housing Services Inc. Villa at Sacred Heart

990 • Fiscal year 2020 • EIN 31-1125270

Jul 01, 2019 to Jun 30, 2020 • Filed on Feb 19, 2021

1501 S Meridian StreetIndianapolis, IN 46225

(562) 257-5100

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

99th percentile

2.54x

Higher debt load relative to assets than 99% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

94th percentile

2.23x

Higher debt load relative to revenue than 94% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

60th percentile

12%

Higher net margin than 60% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Assets

$441,384

No earlier filing loaded for comparison.

Net Assets

-$678,440

No earlier filing loaded for comparison.

Liabilities

$1,119,824

No earlier filing loaded for comparison.

Revenue

$501,085

No earlier filing loaded for comparison.

Expenses

$441,726

No earlier filing loaded for comparison.

Net Income

$59,359

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0-$500K-$1.0MAssets 2020: $441,384Liabilities 2020: $1,119,824Net Assets 2020: -$678,4402020Assets 2021: $412,718Liabilities 2021: $1,068,885Net Assets 2021: -$656,1672021Assets 2022: $410,236Liabilities 2022: $962,566Net Assets 2022: -$552,3302022Assets 2023: $410,301Liabilities 2023: $842,496Net Assets 2023: -$432,1952023Assets 2024: $431,817Liabilities 2024: $750,508Net Assets 2024: -$318,6912024Assets 2025: $475,918Liabilities 2025: $645,604Net Assets 2025: -$169,6862025

Highlighted filing

2020

Assets$441,384
Liabilities$1,119,824
Net Assets-$678,440

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0Revenue 2020: $501,085Expenses 2020: $441,726Net Income 2020: $59,3592020Revenue 2021: $510,624Expenses 2021: $488,351Net Income 2021: $22,2732021Revenue 2022: $521,352Expenses 2022: $417,515Net Income 2022: $103,8372022Revenue 2023: $545,400Expenses 2023: $425,265Net Income 2023: $120,1352023Revenue 2024: $577,905Expenses 2024: $464,401Net Income 2024: $113,5042024Revenue 2025: $581,845Expenses 2025: $432,840Net Income 2025: $149,0052025

Highlighted filing

2020

Revenue$501,085
Expenses$441,726
Net Income$59,359
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Feb 19, 2021
Return Version
2019v5.2
Gross Receipts
$501,085
Mission and Program Overview

Mission

To provide quality living for low income senior citizens, 50 units in indianapolis, indiana.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$319,429$305,082▼ $14,347
Savings and Temporary Cash Investments$12,630$13,065▲ $435
Cash and Non-Interest-Bearing Accounts$46,530$4,692▼ $41,838
Accounts Receivable$2,547$3,296▲ $749
Prepaid Expenses and Deferred Charges$2,570$0▼ $2,570
Total Assets$460,148$441,384▼ $18,764
Other Assets Total$76,442$115,249▲ $38,807
Liabilities
Mortgage Notes Payable Secured by Investment Property$805,680$727,591▼ $78,089
Other Liabilities$30,209$209,315▲ $179,106
Accounts Payable and Accrued Expenses$361,746$182,381▼ $179,365
Deferred Revenue$312$537▲ $225
Total Liabilities$1,197,947$1,119,824▼ $78,123
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-737,799$-678,440▲ $59,359
Total Net Assets Fund Balance$-737,799$-678,440▲ $59,359
Total Liabilities and Net Assets / Fund Balance$460,148$441,384▼ $18,764

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$234,090$1,390,252-
Land$70,000--
Equipment$992$169,816-
Other Assets Org$103,720--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Isadore RivasPresident
Arturo BustamanteDirector
Thomas GaybrickSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$375,509
Program Service Revenue
$122,890
Investment Income
$99
Other Revenue
$2,587
Change in Net Assets
$59,359

Audited Revenue Reconciliation

Revenue per Audited Statements
$501,085
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$501,085
Total Revenue per Form 990
$501,085
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$441,726
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$207,335--$207,335
Depreciation Depletion$50,847--$50,847
Fees for Services Management-$42,216-$42,216
Office Expenses$32,545--$32,545
Advertising-$11,218-$11,218
Fees for Services Accounting-$10,121-$10,121
Insurance$3,788--$3,788
Conferences and Meetings-$854-$854
Other Expenses$798--$798
Travel-$187-$187
Total Functional Expenses$377,130$64,596$0$441,726

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$441,726
Total Expenses per Audited Statements$441,726
Total Expenses per Form 990$441,726
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Rhf$196,297
Security Deposits$13,018
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The company has entered into a standard third party management agreement to manage the operations of the apartments. The agreement is approved by hud.

Form 990, Part VI, Section B, Line 11B

The form 990 is reviewed by the president prior to finalizing.

Form 990, Part VI, Section B, Line 15

The officers are not compensated and the company does not have any key employees.

Form 990, Part VI, Section C, Line 19

The corporation makes governing documents and financial statements available to public upon request.

Filing and Contact Details

Filer

Filer Name
Hispanic Housing Services Inc
EIN
31-1125270
Phone
5622575100
Address
1501 S MERIDIAN STREET, INDIANAPOLIS, IN 46225
Doing Business As
Villa at Sacred Heart Apartments

Signing Officer

Name
Isadore Rivas
Title
President
Phone
5622575100
Signed
2021-02-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Isadore Rivas
Formed
1986
Legal Domicile
In
Voting Board Members
2
Independent Board Members
2
Employees
4
Volunteers
0

Preparer

Firm
DAUBY O'CONNOR & ZALESKI LLC
Address
501 CONGRESSIONAL BLVD 300, CARMEL, IN 46032
Preparer
Mallory Kriebel
Phone
3178485700
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The corporation is exempt from federal income tax under section 501(c)(3) of the internal revenue code and state income tax, and has been classified as an other than private foundation. Accordingly, no provision for federal and state taxes on revenue and income has been recognized in the accompanying financial statements. Generally, the federal and state tax returns were subject to examinations from the three years after the later of the original or extended due date or the date filed with the applicable tax authority.

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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0234090
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01390252
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt01624342
IRS990ScheduleD/EquipmentGrp/BookValueAmt0992
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0169816
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0170808
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0441726
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt070000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt070000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt011529
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1103720
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt013018
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1196297
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO RHF
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0501085
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX, AND HAS BEEN CLASSIFIED AS AN OTHER THAN PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE TAX RETURNS WERE SUBJECT TO EXAMINATIONS FROM THE THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED WITH THE APPLICABLE TAX AUTHORITY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0305082
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0115249
IRS990ScheduleD/TotalExpensesPerForm990Amt0441726
IRS990ScheduleD/TotalLiabilityAmt0209315
IRS990ScheduleD/TotalRevenuePerForm990Amt0501085
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0501085
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0441726
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE COMPANY HAS ENTERED INTO A STANDARD THIRD PARTY MANAGEMENT AGREEMENT TO MANAGE THE OPERATIONS OF THE APARTMENTS. THE AGREEMENT IS APPROVED BY HUD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY THE PRESIDENT PRIOR TO FINALIZING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE OFFICERS ARE NOT COMPENSATED AND THE COMPANY DOES NOT HAVE ANY KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CORPORATION MAKES GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0460148
IRS990/TotalAssetsEOYAmt0441384
IRS990/TotalAssetsGrp/BOYAmt0460148
IRS990/TotalAssetsGrp/EOYAmt0441384
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0375509
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt064596
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0377130
IRS990/TotalFunctionalExpensesGrp/TotalAmt0441726
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01197947
IRS990/TotalLiabilitiesEOYAmt01119824
IRS990/TotalLiabilitiesGrp/BOYAmt01197947
IRS990/TotalLiabilitiesGrp/EOYAmt01119824
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-737799
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-678440
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0377130
IRS990/TotalProgramServiceRevenueAmt0122890
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt02686
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0122890
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0501085
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0460148
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0441384
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0187
IRS990/TravelGrp/TotalAmt0187
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02227 RUNNING BROOK PL
IRS990/USAddress/CityNm0GREENWOOD
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd046143
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ISADORE RIVAS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05622575100
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-02-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HISPANIC HOUSING SERVICES INC
ReturnHeader/Filer/BusinessNameControlTxt0HISP
ReturnHeader/Filer/EIN0311125270
ReturnHeader/Filer/PhoneNum05622575100
ReturnHeader/Filer/USAddress/AddressLine1Txt01501 S MERIDIAN STREET
ReturnHeader/Filer/USAddress/CityNm0INDIANAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd046225
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0351750664
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DAUBY O'CONNOR & ZALESKI LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0501 CONGRESSIONAL BLVD 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CARMEL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN

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