Civic Intelligence

Villa Franciscan Inc.

990 • Fiscal year 2021 • EIN 65-0349169

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 04, 2021

9995 N Military TrailPalm Beach Gardens, FL 33410

(561) 775-9516

Siviq Scores

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

Liabilities / Assets

46th percentile

0.05x

Higher debt load relative to assets than 46% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

58th percentile

0.14x

Higher debt load relative to revenue than 58% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

19th percentile

-5.0%

Higher net margin than 19% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

31st percentile

1.6%

Faster asset growth than 31% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

31st percentile

-0.5%

Faster revenue growth than 31% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$2,859,509

Up $44,201 (+1.6%) from 2020

Net Assets

Down

$2,718,262

Down $49,194 (-1.8%) from 2020

Liabilities

Up

$141,247

Up $93,395 (+195%) from 2020

Revenue

Down

$990,644

Down $5,242 (-0.5%) from 2020

Expenses

Up

$1,039,838

Up $142,181 (+16%) from 2020

Net Income

Down

-$49,194

Down $147,423 (-150%) from 2020

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $3,565,184Liabilities 2011: $47,223Net Assets 2011: $3,517,9612011Assets 2012: $3,436,454Liabilities 2012: $71,195Net Assets 2012: $3,365,2592012Assets 2013: $3,320,664Liabilities 2013: $46,564Net Assets 2013: $3,274,1002013Assets 2014: $3,212,644Liabilities 2014: $52,267Net Assets 2014: $3,160,3772014Assets 2015: $3,096,103Liabilities 2015: $66,774Net Assets 2015: $3,029,3292015Assets 2016: $2,998,351Liabilities 2016: $48,990Net Assets 2016: $2,949,3612016Assets 2017: $2,884,960Liabilities 2017: $43,145Net Assets 2017: $2,841,8152017Assets 2018: $2,804,327Liabilities 2018: $45,608Net Assets 2018: $2,758,7192018Assets 2019: $2,723,375Liabilities 2019: $54,148Net Assets 2019: $2,669,2272019Assets 2020: $2,815,308Liabilities 2020: $47,852Net Assets 2020: $2,767,4562020Assets 2021: $2,859,509Liabilities 2021: $141,247Net Assets 2021: $2,718,2622021Assets 2022: $2,557,108Liabilities 2022: $85,358Net Assets 2022: $2,471,7502022Assets 2023: $2,496,904Liabilities 2023: $102,251Net Assets 2023: $2,394,6532023Assets 2024: $2,347,389Liabilities 2024: $51,941Net Assets 2024: $2,295,4482024Assets 2025: $2,295,485Liabilities 2025: $91,281Net Assets 2025: $2,204,2042025

Highlighted filing

2021

Assets$2,859,509
Liabilities$141,247
Net Assets$2,718,262

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $616,857Expenses 2011: $771,717Net Income 2011: -$154,8602011Revenue 2012: $699,548Expenses 2012: $852,250Net Income 2012: -$152,7022012Revenue 2013: $731,889Expenses 2013: $844,850Net Income 2013: -$112,9612013Revenue 2014: $770,833Expenses 2014: $884,556Net Income 2014: -$113,7232014Revenue 2015: $764,618Expenses 2015: $895,666Net Income 2015: -$131,0482015Revenue 2016: $809,928Expenses 2016: $889,896Net Income 2016: -$79,9682016Revenue 2017: $845,839Expenses 2017: $953,385Net Income 2017: -$107,5462017Revenue 2018: $855,299Expenses 2018: $938,395Net Income 2018: -$83,0962018Revenue 2019: $907,106Expenses 2019: $996,598Net Income 2019: -$89,4922019Revenue 2020: $995,886Expenses 2020: $897,657Net Income 2020: $98,2292020Revenue 2021: $990,644Expenses 2021: $1,039,838Net Income 2021: -$49,1942021Revenue 2022: $968,624Expenses 2022: $1,215,136Net Income 2022: -$246,5122022Revenue 2023: $987,004Expenses 2023: $1,064,101Net Income 2023: -$77,0972023Revenue 2024: $1,170,240Expenses 2024: $1,269,445Net Income 2024: -$99,2052024Revenue 2025: $1,149,989Expenses 2025: $1,241,233Net Income 2025: -$91,2442025

Highlighted filing

2021

Revenue$990,644
Expenses$1,039,838
Net Income-$49,194
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 4, 2021
Return Version
2020v4.1
Gross Receipts
$990,644
Mission and Program Overview

Mission

To provide housing for elderly families and individuals of very low income.

Housing for the elderly with very low income.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,219,260$2,182,863▼ $36,397
Investments Other Securities$199,912$289,406▲ $89,494
Prepaid Expenses and Deferred Charges$79,719$106,043▲ $26,324
Cash and Non-Interest-Bearing Accounts$2,359$7,821▲ $5,462
Accounts Receivable$129,886$3,282▼ $126,604
Total Assets$2,815,308$2,859,509▲ $44,201
Other Assets Total$184,172$270,094▲ $85,922
Liabilities
Accounts Payable and Accrued Expenses$23,347$116,733▲ $93,386
Other Liabilities$24,505$24,514▲ $9
Total Liabilities$47,852$141,247▲ $93,395
Net Assets / Fund Balance
Net Assets With Donor Restrictions$4,668,200$4,668,200→ $0
Net Assets Without Donor Restrictions$-1,900,744$-1,949,938▼ $49,194
Total Net Assets Fund Balance$2,767,456$2,718,262▼ $49,194
Total Liabilities and Net Assets / Fund Balance$2,815,308$2,859,509▲ $44,201

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,590,595$3,217,245$4,807,840
Land$500,000-$500,000
Other Land Buildings$12,457$338,349$350,806
Equipment$79,811$55,297$135,108
Other Assets Org$238,643--
Other Securities$289,406--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Daniel LewisPresident
Father Gavin BadwayVice President
Father Scott AdamsDirector
Joseph IerardiDirector
Kevin McginleyDirector
Martin SerraesDirector
Pam BloorSecretary
Vito GendusaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$747,645
Program Service Revenue
$231,822
Investment Income
$267
Other Revenue
$10,910
Change in Net Assets
$-49,194

Audited Revenue Reconciliation

Revenue per Audited Statements
$990,644
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$990,644
Total Revenue per Form 990
$990,644
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$773,514
Salaries, Compensation, and Employee Benefits$266,324
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$94,435$139,845-$234,280
Insurance$134,538--$134,538
Depreciation Depletion$121,643--$121,643
Fees for Services Management-$82,955-$82,955
Other Expenses$56,871--$56,871
All Other Expenses$32,337--$32,337
Office Expenses-$27,472-$27,472
Fees for Services Accounting-$16,653-$16,653
Payroll Taxes$5,221$7,732-$12,953
Pension Plan Contributions$4,052$6,000-$10,052
Other Employee Benefits$3,643$5,396-$9,039
Advertising-$2,221-$2,221
Conferences and Meetings-$1,041-$1,041
Fees for Services Legal-$734-$734
Total Functional Expenses$749,789$290,049$0$1,039,838

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,039,838
Total Expenses per Audited Statements$1,039,838
Total Expenses per Form 990$1,039,838
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
TENANT'S SECURITY DEPOSITS$24,514
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
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

Effective december 1, 2019, villa franciscan, inc. Extended the management agreement (the agreement) with spm, llc (spm), whereby spm provides management and other administrative services to the corporation through november 30, 2024. Management fees to spm for the year ended june 30, 2021 of $82,955 are included in administrative expenses in the accompanying statement of activities. The applicable percentage fee per the agreement is 7.5%. In addition, spm provides accounting and other services to the corporation. Fees for these services totaled approximately $4,100 for the year ended june 30, 2021.

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

All voting board members were provided a copy of form 990 for review prior to filing.

Form 990, Part VI, Section B, Line 12C

All voting board members are required to return a signed statement signifying approval annually.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Villa Franciscan Inc
EIN
65-0349169
Phone
5617759516
Address
9995 N MILITARY TRAIL, PALM BEACH GARDENS, FL 33410

Signing Officer

Name
Vito Gendusa
Title
Treasurer
Phone
5617759516
Signed
2021-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Vito Gendusa
Formed
1992
Legal Domicile
Fl
Voting Board Members
8
Independent Board Members
8
Employees
4
Volunteers
0

Preparer

Firm
Templeton & Company Llp
Address
222 LAKEVIEW AVENUE SUITE 1200, WEST PALM BEACH, FL 33401
Preparer
Richard Juback
Phone
5617989988
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The corporation's oversight policy has not changed.

Financial Statement Notes

PART X, LINE 2:

The corporation is exempt from federal income taxes as an organization described in section 501(c)(3) of the internal revenue code. Management periodically analyzes tax positions in jurisdictions where it is required to file income tax returns. Based on its evaluation, management did not identify any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly increase or decrease. Interest and penalties attributable to income taxes, if any, are included in operating expenses. No such interest or penalties were recorded for the year ended june 30, 2021. The corporation is no longer subject to income tax examinations for fiscal years prior to 2018.

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IRS990/ReportOtherLiabilitiesInd01
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt042
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IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt04858
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IRS990ScheduleA/OtherIncome509Grp/TotalAmt028250
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0855299
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IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990/ScheduleBRequiredInd01
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt16937
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT'S SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROW DEPOSITS
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IRS990ScheduleD/OtherSecuritiesGrp/Desc0RESERVE FOR REPLACEMENT
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAXES AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT PERIODICALLY ANALYZES TAX POSITIONS IN JURISDICTIONS WHERE IT IS REQUIRED TO FILE INCOME TAX RETURNS. BASED ON ITS EVALUATION, MANAGEMENT DID NOT IDENTIFY ANY TAX POSITIONS FOR WHICH IT IS REASONABLY POSSIBLE THAT THE TOTAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS WILL SIGNIFICANTLY INCREASE OR DECREASE. INTEREST AND PENALTIES ATTRIBUTABLE TO INCOME TAXES, IF ANY, ARE INCLUDED IN OPERATING EXPENSES. NO SUCH INTEREST OR PENALTIES WERE RECORDED FOR THE YEAR ENDED JUNE 30, 2021. THE CORPORATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR FISCAL YEARS PRIOR TO 2018.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01039838
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EFFECTIVE DECEMBER 1, 2019, VILLA FRANCISCAN, INC. EXTENDED THE MANAGEMENT AGREEMENT (THE AGREEMENT) WITH SPM, LLC (SPM), WHEREBY SPM PROVIDES MANAGEMENT AND OTHER ADMINISTRATIVE SERVICES TO THE CORPORATION THROUGH NOVEMBER 30, 2024. MANAGEMENT FEES TO SPM FOR THE YEAR ENDED JUNE 30, 2021 OF $82,955 ARE INCLUDED IN ADMINISTRATIVE EXPENSES IN THE ACCOMPANYING STATEMENT OF ACTIVITIES. THE APPLICABLE PERCENTAGE FEE PER THE AGREEMENT IS 7.5%. IN ADDITION, SPM PROVIDES ACCOUNTING AND OTHER SERVICES TO THE CORPORATION. FEES FOR THESE SERVICES TOTALED APPROXIMATELY $4,100 FOR THE YEAR ENDED JUNE 30, 2021.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL VOTING BOARD MEMBERS WERE PROVIDED A COPY OF FORM 990 FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL VOTING BOARD MEMBERS ARE REQUIRED TO RETURN A SIGNED STATEMENT SIGNIFYING APPROVAL ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CORPORATION'S OVERSIGHT POLICY HAS NOT CHANGED.
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 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd30
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0VILLA SETON INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1VILLA MADONNA INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2VILLA REGINA OF WEST PALM BEACH INC

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.30$0.09$2.20$1.15$1.24$0.09
2024Detailed filing. Detailed filing data is available for this year.$2.35$0.05$2.30$1.17$1.27$0.10
2023Detailed filing. Detailed filing data is available for this year.$2.50$0.10$2.39$0.99$1.06$0.08
2022Detailed filing. Detailed filing data is available for this year.$2.56$0.09$2.47$0.97$1.22$0.25
2021Detailed filing. Detailed filing data is available for this year.$2.86$0.14$2.72$0.99$1.04$0.05
2020Detailed filing. Detailed filing data is available for this year.$2.82$0.05$2.77$1.00$0.90$0.10
2019Detailed filing. Detailed filing data is available for this year.$2.72$0.05$2.67$0.91$1.00$0.09
2018Detailed filing. Detailed filing data is available for this year.$2.80$0.05$2.76$0.86$0.94$0.08
2017Detailed filing. Detailed filing data is available for this year.$2.88$0.04$2.84$0.85$0.95$0.11
2016Detailed filing. Detailed filing data is available for this year.$3.00$0.05$2.95$0.81$0.89$0.08
2015Detailed filing. Detailed filing data is available for this year.$3.10$0.07$3.03$0.76$0.90$0.13
2014Detailed filing. Detailed filing data is available for this year.$3.21$0.05$3.16$0.77$0.88$0.11
2013Summary only. Only limited summary data is available for this year.$3.32$0.05$3.27$0.73$0.84$0.11
2012Summary only. Only limited summary data is available for this year.$3.44$0.07$3.37$0.70$0.85$0.15
2011Summary only. Only limited summary data is available for this year.$3.57$0.05$3.52$0.62$0.77$0.15