Civic Intelligence

Villa Madonna Inc.

990 • Fiscal year 2017 • EIN 65-0650219

Jul 01, 2016 to Jun 30, 2017 • Filed on Oct 10, 2017

Organization ProfileN/A
PO Box 109650Palm 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

27th percentile

0.01x

Higher debt load relative to assets than 27% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

42nd percentile

0.07x

Higher debt load relative to revenue than 42% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

16th percentile

-16%

Higher net margin than 16% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

27th percentile

-2.8%

Faster asset growth than 27% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

42nd percentile

1.4%

Faster revenue growth than 42% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets27th percentile

Assets

Down

$4,391,391

Down $126,581 (-2.8%) from 2016

Net Assets

Down

$4,337,893

Down $134,299 (-3.0%) from 2016

Liabilities

Up

$53,498

Up $7,718 (+17%) from 2016

Revenue And Expenses
Liabilities / Revenue42nd percentileNet Margin16th percentile

Revenue

Up

$814,152

Up $11,471 (+1.4%) from 2016

Expenses

Up

$942,698

Up $19,198 (+2.1%) from 2016

Net Income

Down

-$128,546

Down $7,727 (-6.4%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth27th percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $5,195,000Liabilities 2011: $41,172Net Assets 2011: $5,153,8282011Assets 2012: $5,077,673Liabilities 2012: $47,930Net Assets 2012: $5,029,7432012Assets 2013: $4,941,678Liabilities 2013: $52,024Net Assets 2013: $4,889,6542013Assets 2014: $4,789,525Liabilities 2014: $47,168Net Assets 2014: $4,742,3572014Assets 2015: $4,646,580Liabilities 2015: $53,569Net Assets 2015: $4,593,0112015Assets 2016: $4,517,972Liabilities 2016: $45,780Net Assets 2016: $4,472,1922016Assets 2017: $4,391,391Liabilities 2017: $53,498Net Assets 2017: $4,337,8932017Assets 2018: $4,256,680Liabilities 2018: $50,544Net Assets 2018: $4,206,1362018Assets 2019: $4,183,447Liabilities 2019: $53,580Net Assets 2019: $4,129,8672019Assets 2020: $4,080,644Liabilities 2020: $52,855Net Assets 2020: $4,027,7892020Assets 2021: $3,895,042Liabilities 2021: $61,097Net Assets 2021: $3,833,9452021Assets 2022: $3,497,303Liabilities 2022: $43,581Net Assets 2022: $3,453,7222022Assets 2023: $3,402,669Liabilities 2023: $48,313Net Assets 2023: $3,354,3562023Assets 2024: $3,235,851Liabilities 2024: $51,212Net Assets 2024: $3,184,6392024Assets 2025: $3,201,734Liabilities 2025: $91,469Net Assets 2025: $3,110,2652025

Highlighted filing

2017

Assets$4,391,391
Liabilities$53,498
Net Assets$4,337,893
Open 2017 Filing

Operations Trend

Revenue Growth42nd percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $687,032Expenses 2011: $836,609Net Income 2011: -$149,5772011Revenue 2012: $699,898Expenses 2012: $823,983Net Income 2012: -$124,0852012Revenue 2013: $723,121Expenses 2013: $863,210Net Income 2013: -$140,0892013Revenue 2014: $754,219Expenses 2014: $901,516Net Income 2014: -$147,2972014Revenue 2015: $770,382Expenses 2015: $919,728Net Income 2015: -$149,3462015Revenue 2016: $802,681Expenses 2016: $923,500Net Income 2016: -$120,8192016Revenue 2017: $814,152Expenses 2017: $942,698Net Income 2017: -$128,5462017Revenue 2018: $832,683Expenses 2018: $955,356Net Income 2018: -$122,6732018Revenue 2019: $845,427Expenses 2019: $928,904Net Income 2019: -$83,4772019Revenue 2020: $857,966Expenses 2020: $971,343Net Income 2020: -$113,3772020Revenue 2021: $868,198Expenses 2021: $1,058,984Net Income 2021: -$190,7862021Revenue 2022: $903,080Expenses 2022: $1,275,218Net Income 2022: -$372,1382022Revenue 2023: $1,061,624Expenses 2023: $1,160,043Net Income 2023: -$98,4192023Revenue 2024: $1,185,939Expenses 2024: $1,356,122Net Income 2024: -$170,1832024Revenue 2025: $1,247,367Expenses 2025: $1,321,741Net Income 2025: -$74,3742025

Highlighted filing

2017

Revenue$814,152
Expenses$942,698
Net Income-$128,546
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Oct 10, 2017
Return Version
2016v3.0
Gross Receipts
$814,152
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$3,963,696$3,848,794▼ $114,902
Investments Other Securities$460,374$414,438▼ $45,936
Prepaid Expenses and Deferred Charges-$18,197-
Cash and Non-Interest-Bearing Accounts$7,251$1,426▼ $5,825
Accounts Receivable$827--
Total Assets$4,517,972$4,391,391▼ $126,581
Other Assets Total$85,824$108,536▲ $22,712
Liabilities
Accounts Payable and Accrued Expenses$19,582$27,543▲ $7,961
Other Liabilities$26,198$25,955▼ $243
Total Liabilities$45,780$53,498▲ $7,718
Net Assets / Fund Balance
Temporarily Rstr Net Assets$6,698,100$6,698,100→ $0
Unrestricted Net Assets$-2,225,908$-2,360,207▼ $134,299
Total Net Assets Fund Balance$4,472,192$4,337,893▼ $134,299
Total Liabilities and Net Assets / Fund Balance$4,517,972$4,391,391▼ $126,581

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,133,720$3,193,303$6,327,023
Land$700,000-$700,000
Other Land Buildings$15,074$262,737$277,811
Equipment$0$105,576$105,576
Other Securities$414,438--
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Father Richard MurphyPresident
Kevin McginleyVice President
Joseph IerardiDirector
Martin SerraesDirector
Father Clemens B HammerschmittAdvisor, Non Voting
Father James MolganoAdvisor, Non Voting
Father Tomasz MakowskiAdvisor, Non Voting
Thomas Courtney EsqEx-officio, Non Voting
Pam BloorSecretary
Denis HamelTreasurer (2016-2017)
Vito GendusaTreasurer (2017-2018)
Revenue and Support

Revenue Composition

Contributions and Grants
$559,130
Program Service Revenue
$240,880
Investment Income
$5,833
Other Revenue
$8,309
Change in Net Assets
$-128,546

Audited Revenue Reconciliation

Revenue per Audited Statements
$814,152
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-5,753
Total Revenue per Audited Statements
$808,399
Total Revenue per Form 990
$814,152
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$635,178
Salaries, Compensation, and Employee Benefits$307,520
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$93,171$161,336-$254,507
Depreciation Depletion$171,689--$171,689
Insurance$119,019--$119,019
Fees for Services Management-$67,071-$67,071
Office Expenses-$24,086-$24,086
Other Employee Benefits$8,089$14,008-$22,097
Pension Plan Contributions$6,148$10,646-$16,794
Fees for Services Accounting-$16,622-$16,622
All Other Expenses$16,107--$16,107
Payroll Taxes$5,170$8,952-$14,122
Other Expenses$9,787--$9,787
Fees for Services Legal-$291-$291
Total Functional Expenses$639,686$303,012$0$942,698

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$942,698
Total Expenses per Audited Statements$942,698
Total Expenses per Form 990$942,698
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
TENANTS' SECURITY DEPOSITS$25,955
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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 september 23, 2014, villa madonna, inc. Entered into a management agreement (the agreement) with spm, llc (spm), whereby spm provides management and other administrative services to the corporation through november 30, 2019. Management fees to spm for the year ended june 30, 2017 of $67,071 are included in administrative expenses in the accompanying statement of activities. The applicable percentage fee under the agreement is 8.3%. In addition, spm provides accounting and other services to the corporation. Fees for these services approximated $9,000 for the year ended june 30, 2017.”

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 Madonna Inc
EIN
65-0650219
Phone
5617759516
Address
PO BOX 109650, PALM BEACH GARDENS, FL 33410

Signing Officer

Name
Rev Richard Murphy
Title
President
Phone
5617759516
Signed
2017-10-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rev Richard Murphy
Formed
1996
Legal Domicile
Fl
Voting Board Members
6
Independent Board Members
6
Employees
5
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 corporations 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 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, 2017. The corporation is no longer subject to income tax examinations for fiscal years prior to 2014.”

Raw XML AppendixShowing 400 of 543 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherExpensesGrp/ProgramServicesAmt0109185
IRS990/OtherExpensesGrp/ProgramServicesAmt154596
IRS990/OtherExpensesGrp/ProgramServicesAmt246725
IRS990/OtherExpensesGrp/ProgramServicesAmt39787
IRS990/OtherExpensesGrp/TotalAmt0109185
IRS990/OtherExpensesGrp/TotalAmt154596
IRS990/OtherExpensesGrp/TotalAmt246725
IRS990/OtherExpensesGrp/TotalAmt39787
IRS990/OtherLiabilitiesGrp/BOYAmt026198
IRS990/OtherLiabilitiesGrp/EOYAmt025955
IRS990/OtherRevenueMiscGrp/BusinessCd0812300
IRS990/OtherRevenueMiscGrp/BusinessCd1812900
IRS990/OtherRevenueMiscGrp/Desc0COIN LAUNDRY
IRS990/OtherRevenueMiscGrp/Desc1OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt07732
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1577
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt07732
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1577
IRS990/OtherRevenueTotalAmt08309
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0161336
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt093171
IRS990/OtherSalariesAndWagesGrp/TotalAmt0254507
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08952
IRS990/PayrollTaxesGrp/ProgramServicesAmt05170
IRS990/PayrollTaxesGrp/TotalAmt014122
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt010646
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt06148
IRS990/PensionPlanContributionsGrp/TotalAmt016794
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt018197
IRS990/PrincipalOfficerNm0REV RICHARD MURPHY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/Desc0APARTMENT RENTAL
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0240880
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0240880
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0534789
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt010002
IRS990/PYOtherExpensesAmt0628960
IRS990/PYOtherRevenueAmt09704
IRS990/PYProgramServiceRevenueAmt0248186
IRS990/PYRevenuesLessExpensesAmt0-120819
IRS990/PYSalariesCompEmpBnftPaidAmt0294540
IRS990/PYTotalExpensesAmt0923500
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0802681
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-128546
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0249189
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0559130
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0534789
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0512646
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0495070
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0475621
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02577256
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt05833
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt010002
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt011241
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt08841
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt035917
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0240880
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0248186
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0237826
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0238443
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0240902
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01206237
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt05833
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt010002
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt011241
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt08841
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt035917
IRS990ScheduleA/InvestmentIncomeCYPct00.00930
IRS990ScheduleA/InvestmentIncomePYPct00.00870
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt08309
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt08251
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt08623
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt08186
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt010285
IRS990ScheduleA/OtherIncome509Grp/TotalAmt043654
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97940
IRS990ScheduleA/PublicSupportPY509Pct00.97960
IRS990ScheduleA/PublicSupportTotal509Amt03783493
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0800010
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0782975
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0750472
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0733513
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0716523
IRS990ScheduleA/Total509Grp/TotalAmt03783493
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0814152
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0801228
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0770336
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0750540
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0726808
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03863064
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt03133720
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03193303
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06327023
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0105576
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0105576
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0942698
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0700000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0700000
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-5753
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt015074
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0262737
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0277811
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt025955
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANTS' SECURITY DEPOSITS
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0414438
IRS990ScheduleD/OtherSecuritiesGrp/Desc0NORTHERN TRUST
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt0-5753
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0814152
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 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, 2017. THE CORPORATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR FISCAL YEARS PRIOR TO 2014.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03848794
IRS990ScheduleD/TotalBookValueSecuritiesAmt0414438
IRS990ScheduleD/TotalExpensesPerForm990Amt0942698
IRS990ScheduleD/TotalLiabilityAmt025955
IRS990ScheduleD/TotalRevenuePerForm990Amt0814152
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0808399
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0942698
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EFFECTIVE SEPTEMBER 23, 2014, VILLA MADONNA, INC. ENTERED INTO A MANAGEMENT AGREEMENT (THE AGREEMENT) WITH SPM, LLC (SPM), WHEREBY SPM PROVIDES MANAGEMENT AND OTHER ADMINISTRATIVE SERVICES TO THE CORPORATION THROUGH NOVEMBER 30, 2019. MANAGEMENT FEES TO SPM FOR THE YEAR ENDED JUNE 30, 2017 OF $67,071 ARE INCLUDED IN ADMINISTRATIVE EXPENSES IN THE ACCOMPANYING STATEMENT OF ACTIVITIES. THE APPLICABLE PERCENTAGE FEE UNDER THE AGREEMENT IS 8.3%. IN ADDITION, SPM PROVIDES ACCOUNTING AND OTHER SERVICES TO THE CORPORATION. FEES FOR THESE SERVICES APPROXIMATED $9,000 FOR THE YEAR ENDED JUNE 30, 2017.
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 CORPORATIONS 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

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,391,391
Liabilities
$53,498
Net assets
$4,337,893
Revenue
$814,152
Expenses
$942,698
Net income
-$128,546
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.20$0.09$3.11$1.25$1.32$0.07
2024Detailed filing. Detailed filing data is available for this year.$3.24$0.05$3.18$1.19$1.36$0.17
2023Detailed filing. Detailed filing data is available for this year.$3.40$0.05$3.35$1.06$1.16$0.10
2022Detailed filing. Detailed filing data is available for this year.$3.50$0.04$3.45$0.90$1.28$0.37
2021Detailed filing. Detailed filing data is available for this year.$3.90$0.06$3.83$0.87$1.06$0.19
2020Detailed filing. Detailed filing data is available for this year.$4.08$0.05$4.03$0.86$0.97$0.11
2019Detailed filing. Detailed filing data is available for this year.$4.18$0.05$4.13$0.85$0.93$0.08
2018Detailed filing. Detailed filing data is available for this year.$4.26$0.05$4.21$0.83$0.96$0.12
2017Detailed filing. Detailed filing data is available for this year.$4.39$0.05$4.34$0.81$0.94$0.13
2016Detailed filing. Detailed filing data is available for this year.$4.52$0.05$4.47$0.80$0.92$0.12
2015Detailed filing. Detailed filing data is available for this year.$4.65$0.05$4.59$0.77$0.92$0.15
2014Detailed filing. Detailed filing data is available for this year.$4.79$0.05$4.74$0.75$0.90$0.15
2013Summary only. Only limited summary data is available for this year.$4.94$0.05$4.89$0.72$0.86$0.14
2012Summary only. Only limited summary data is available for this year.$5.08$0.05$5.03$0.70$0.82$0.12
2011Summary only. Only limited summary data is available for this year.$5.20$0.04$5.15$0.69$0.84$0.15