Villa Serena Inc
- Assets
- $0.0
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 8
- Location
- Mayfield Hts, OH
- Founding
- Data as of
- 01/2016
- EIN
- 34-1012604
Organization Overview
Villa Serena Inc is located in Mayfield Hts, OH. As of 01/2016, Villa Serena Inc employed 8 individuals. Villa Serena Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2016
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE HOUSING AND SUPPORTIVE SERVICES FOR LOW-INCOME SENIOR CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VILLA SERENA INC. OWNS AND OPERATES AN APARTMENT COMPLEX OF 238 UNITS UNDER SEC 202 OF THE NATIONAL HOUSING ACT. THE PROJECT IS REGULATED BY HUD AS TO RENT CHARGES AND OPERATING EXPENSES.
VILLA SERENA PROVIDES SUPPORTIVE SERVICE TO LOW-INCOME SENIOR CITIZENS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Rini Treasurer | OfficerTrustee | 10 | $0 |
Thomas Pitrone President | OfficerTrustee | 10 | $0 |
Andrea Redhead Secretary | OfficerTrustee | 10 | $0 |
William D'amico Director | Trustee | 10 | $0 |
James Alesci Director | Trustee | 10 | $0 |
Basil Russo Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $102,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $102,000 |
| Total Program Service Revenue | $336,584 |
| Investment income | $162 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,903,998 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,350,385 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $95,973 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,701 |
| Payroll taxes | $15,365 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30 |
| Fees for services: Accounting | $20,130 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $28,286 |
| Office expenses | $12,334 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,660 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,474 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,376 |
| Insurance | $11,216 |
| All other expenses | $19,727 |
| Total functional expenses | $511,102 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |
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