2025-02-19T13:07:48-08:00 2024-06-30 753194011 Moss Levy & Hartzheim LLP 2400 Professional Parkway Suite 205 Santa Maria CA 93455 990 2023-07-01 680387620 VILLA CARIDAD VILL 8056836388 4202 CALLE REAL SANTA BARBARA CA 93110 ROSA PAREDES President 2025-02-19 true true Alexander Hom CPA P01568759 8059252579 2023 2025-03-06 01:10:19Z X 4202 CALLE REAL SANTA BARBARA CA 93110 1012454 false X WWW.STVINCENTS-SB.ORG X 1996 CA VILLA CARIDAD IS A NONPROFIT PUBLIC BENEFIT CORPORATION ESTABLISHED TO DEVELOP, CONSTRUCT, AND OPERATE A 95 UNIT AFFORDABLE HOUSING PROJECT FOR LOW-INCOME SENIORS UNDER SECTION 202 OF THE HOUSING ACT OF 1959, AND IS SUBJECT TO OVERSIGHT BY THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD). 7 7 0 0 260981 524770 219564 477726 105 9958 0 480650 1012454 0 0 123434 311984 0 0 784259 1486725 907693 1798709 -427043 -786255 9181123 8450734 3303163 3359029 5877960 5091705 VILLA CARIDAD IS A NONPROFIT PUBLIC BENEFIT CORPORATION ESTABLISHED TO DEVELOP, CONSTRUCT, AND OPERATE A 95 UNIT AFFORDABLE HOUSING PROJECT FOR LOW-INCOME SENIORS UNDER SECTION 202 OF THE HOUSING ACT OF 1959, AND IS SUBJECT TO OVERSIGHT BY THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD). false false 1798709 477726 VILLA CARIDAD LEASES AND OPERATES A 95 UNIT SENIOR HOUSING APARTMENT BUILDING IN THE CITY OF SANTA BARBARA THAT PROVIDES LOW INCOME HOUSING, RECREATIONAL OPPORTUNITIES, AND A SHARED COMMUNITY TO SENIOR CITIZENS WHO QUALIFY. 1798709 true true false false false false false false false false true false false true true true true true false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 8 0 true 0 false false false false false false false 0 false false false false false false false X 7 7 false true false false true true true true true false false true true true true true true true true false CA X X ROSA PAREDES CPA 8056836388 4200 CALLE REAL SANTA BARBARA CA 93110 ROSA PAREDES President 8.00 40.00 X X 0 260670 20176 MARY MANZO Vice President 8.00 40.00 X X 0 114462 19532 SR BETTY MARIE DUNKEL DC DIRECTOR 2.00 0.00 X 0 0 0 SR MARGARET KEAVENEY DC Director 4.00 0.00 X 0 0 0 MARTHA VITALARI VICE CHAIR 2.00 0.00 X 0 0 0 SR ARTHUR GORDON DC CHAIRPERSON 2.00 0.00 X 0 0 0 GRACE STANKEVITZ Director 2.00 0.00 X 0 0 0 JEANNE WEST Secretary 2.00 0.00 X 0 0 0 375132 39708 0 false true false 0 524770 524770 APARTMENT RENTS 473875 473875 LAUNDRY AND VENDING 3676 3676 MISCELLANEOUS 175 175 477726 9958 9958 0 0 0 0 0 0 0 0 1012454 477726 9958 0 0 0 0 0 0 311984 311984 0 0 0 81923 81923 6668 6668 23990 23990 0 0 0 0 913 913 22476 22476 0 0 423280 423280 1634 1634 0 0 60000 60000 0 706510 706510 75327 75327 SUPPLIES 33241 33241 MISC ADMINISTRATIVE 25764 25764 TELEPHONE 12463 12463 BANK FEES 5214 5214 7322 7322 1798709 1798709 0 0 23248 23861 0 0 16791 3652 0 0 0 0 9417 10833 20838888 13622584 7917451 7216304 0 0 0 0 1214216 1196084 9181123 8450734 132644 127912 1146 2390 3136515 3194304 32858 34423 3303163 3359029 X -4863896 -5208705 10741856 10300410 5877960 5091705 9181123 8450734 -786255 X false true X true true true X 479558 490306 496711 260981 524770 2252326 403972 418970 426918 219564 477726 1947150 0 0 0 883530 909276 923629 480545 1002496 4199476 0 0 4199476 256 175 131 105 9958 10625 0 256 175 131 105 9958 10625 0 0 883786 909451 923760 480650 1012454 4210101 0.99750 0.99980 0.00250 0.00020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20612939 13405057 7207882 225949 217527 8422 7216304 PREPAID LAND LEASE LONG-TERM 478761 REPLACEMENT RESERVE 677349 RIGHT TO USE ASSET, NET OF AMORTIZATION 6627 TENANT SECURITY DEPOSITS 33347 1196084 TENANT SECURITY DEPOSITS LIABILITY 34423 34423 X 1012454 1012454 1012454 1798709 1798709 1798709 Part X : FIN48 Footnote VILLA CARIDAD ELECTED TAX EXEMPT STATUS UNDER SECTION 501(c)(3) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME IN 2021. DUE TO ITS TAX EXEMPT STATUS, VILLA CARIDAD IS NOT SUBJECT TO INCOME TAXES BUT DOES FILE INFORMATION RETURNS WITH THE INTERNAL REVENUE SERVICE (IRS) AND THE STATE OF CALIFORNIA. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND VILLA CARIDAD HAS NO OTHER TAX POSITIONS THAT MUST BE CONSIDERED FOR DISCLOSURE. INFORMATION RETURNS FILED BY VILLA CARIDAD ARE SUBJECT TO EXAMINATION BY THE IRS FOR A PERIOD OF 3 YEARS, AND BY THE STATE OF CALIFORNIA FOR A PERIOD OF 4 YEARS. WHILE NO INFORMATION RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS OR THE STATE OF CALIFORNIA, REPORTING YEARS SINCE 2018 AND 2017, RESPECTIVELY, REMAIN SUBJECT TO EXAMINATION. false false false false false false false false false ROSA PAREDES President 260670 20176 280846 Form 990, Part VI, Section A, Line 3 ST VINCENT'S INSTITUTION PERFORMS PROPERTY MANAGEMENT FUNCTIONS FOR VILLA CARIDAD INCLUDING, MARKETING, LEASING, RENT COLLECTION, LEASE ENFORCEMENT, MAINTENANCE AND REPAIRS, UTILITIES AND SERVICES, PERSONNEL, BANKING, ACCOUNTING, BUDGETS, RECORDS AND REPORTS, AND INSURANCE. THE PROPERTY MANAGEMENT CONTRACT IS FOR ONE YEAR, AND MAY BE RENEWED ANNUALLY. Form 990, Part VI, Section A, Line 6 VILLA CARIDAD IS A NONSTOCK, NONPROFIT CORPORATION WITH ST. VINCENT'S INSTITUTION SANTA BARBARA AS THE CORPORATE TAX-EXEMPT MEMBER. Form 990, Part VI, Section A, Line 7a THE CORPORATE MEMBER HAS AUTHORITY OVER VILLA CARIDAD IN VARIOUS ASPECTS OF OPERATIONS AND MANAGEMENT. THE RESERVED RIGHTS HELD BY THE CORPORATE MEMBER INCLUDE, BUT ARE NOT LIMITED TO, APPROVAL OF REVISIONS TO ARTICLES OF INCORPORATION AND BYLAWS, MERGERS AND ACQUISITIONS, ESTABLISHMENT OF NEW ENTITIES, PLEDGING, MORTGAGING OR DISPOSING OF ALL OR SUBSTANTIALLY ALL ASSETS, OBLIGATIONS OF OPERATING AND MORTGAGE DEBT, APPOINTMENT OR REMOVAL OF GOVERNING BOARD MEMBERS AND OFFICERS, AND APPROVAL OF CAPITAL AND OPERATING BUDGETS. Form 990, Part VI, Section A, Line 7b SAME AS 7A. Form 990, Part VI, Section B, Line 11b EACH BOARD MEMBER RECEIVES A DRAFT COPY OF THE FORM 990 AND STATE RETURNS FOR REVIEW UPON COMPLETION OF THE FORMS BY THE INDEPENDENT CPA. ANY QUESTIONS ARE PROMPTLY ANSWERED AND NEEDED CHANGES (IF ANY) ARE MADE TO THE 990, BEFORE PRINTING THE FINAL RETURNS. THE FINAL 990 AND STATE RETURNS ARE PRESENTED TO, AND APPROVED BY THE BOARD OF DIRECTORS PRIOR TO FILING THEM WITH THE APPROPRIATE AGENCIES, BEFORE THE APPLICABLE DUE DATES. Form 990, Part VI, Section B, Line 12c VILLA CARIDAD'S CONFLICT OF INTEREST POLICY IS REVIEWED BY BOARD MEMBERS UPON APPOINTMENT TO THE BOARD OF DIRECTORS, AND ANNUALLY THEREAFTER, AND A STATEMENT ACKNOWLEDGING AGREEMENT TO AND COMPLIANCE WITH THE POLICY ARE SIGNED BY EACH BOARD MEMBER AND RETAINED IN THE ORGANIZATION'S FILES. THE SIGNED FORMS ALSO DETAIL ANY POTENTIAL CONFLICTS OF INTEREST NOTED BY BOARD MEMBERS. POTENTIAL CONFLICTS ARE REVIEWED AND DISCUSSED, AND THE AFFECTED BOARD MEMBER ABSTAINS FROM VOTING ON AN ISSUE IN WHICH HE OR SHE HAS, OR MAY HAVE A CONFLICT OF INTEREST. Form 990, Part VI, Section B, Line 15a ROSA PAREDES SERVES AS PRESIDENT OF VILLA CARIDAD AND AS PRESIDENT AND CHIEF EXECUTIVE OFFICER OF ST VINCENT'S INSTITUTION SANTA BARBARA (SVI). ROSA IS AN EMPLOYEE OF SVI. Form 990, Part VI, Section B, Line 15b BOARD OFFICERS AND DIRECTORS ARE VOLUNTEERS THAT DO NOT RECEIVE ANY COMPENSATION FOR THEIR SERVICES ON THE BOARD OF DIRECTORS. BOARD MEMBERS ARE APPOINTED TO THE BOARD BY THE VILLA CARIDAD CORPORATE MEMBER. Form 990, Part VI, Section C, Line 19 VILLA CARIDAD'S GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST TO MANAGEMENT. THE ANNUAL FORM 990 IS AVAILABLE UPON REQUEST OR AT GUIDESTAR.ORG. ST VINCENTS INSTITUTION 4200 CALLE REAL SANTA BARBARA CA 93110 951643367 SOCIAL AGENCY/CHURCH CA 501 (c)(3) 1 N/A false false false false false false false false false false false true false true false true false false false false ST VINCENTS INSTITUTION k 8667 AGREEMENT ST VINCENTS INSTITUTION m 103397 AGREEMENT ST VINCENTS INSTITUTION o 324975 HOURS WORKED