2016-11-07T12:32:56-06:00 2016-06-30 141918990 TEMPLETON & COMPANY LLP 222 LAKEVIEW AVENUE SUITE 1200 WEST PALM BEACH FL 33401 990 2015-07-01 650650219 VILLA MADONNA INC VILL 5617759516 PO BOX 109650 PALM BEACH GARDENS FL 33410 REV RICHARD MURPHY PRESIDENT 5617759516 2016-11-07 1 JOHN R TEMPLETON P01957752 5617989988 2015 2017-02-10 21:41:12Z REV RICHARD MURPHY 500 IRIS LANE VERO BEACH FL 32963 802681 0 0928 X N/A X 1996 FL HOUSING FOR THE ELDERLY WITH LOW INCOME. 6 6 4 0 0 0 512646 534789 237826 248186 11241 10002 8669 9704 770382 802681 0 0 0 0 279678 294540 0 0 0 640050 628960 919728 923500 -149346 -120819 4646580 4517972 53569 45780 4593011 4472192 TO PROVIDE HOUSING FOR ELDERLY FAMILIES AND INDIVIDUALS OF VERY LOW INCOME. 0 0 629119 257890 U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) PROJECT CONTAINING RENTAL UNITS FOR THE ELDERLY WITH LOW INCOME. 629119 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 4 1 0 0 0 0 0 0 0 0 X 6 6 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 FL X X REX SNYDER SPM LLC 2056395125 1103 R ARRINGTON BLVD SOUTH BIRMINGHAM AL 35203 X FATHER RICHARD MURPHY PRESIDENT 1.00 X X 0 0 0 KEVIN MCGINLEY VICE PRESIDENT 1.00 X X 0 0 0 DENIS HAMEL TREASURER 1.00 X X 0 0 0 PAM BLOOR SECRETARY 1.00 X X 0 0 0 JOSEPH IERARDI DIRECTOR 1.00 X 0 0 0 MARTIN SERRAES DIRECTOR 1.00 X 0 0 0 THOMAS COURTNEY ESQ EX-OFFICIO, NON VOTING 1.00 X 0 0 0 FATHER CLEMENS B HAMMERSCHMITT ADVISOR, NON VOTING 1.00 X 0 0 0 FATHER TOMASZ MAKOWSKI ADVISOR, NON VOTING 1.00 X 0 0 0 FATHER JAMES MOLGANO ADVISOR, NON VOTING 1.00 X 0 0 0 0 0 0 0 0 0 0 0 534789 534789 APARTMENT RENTAL 532000 248186 248186 248186 10002 10002 COIN LAUNDRY 812300 8251 8251 OTHER INCOME 812900 1453 1453 9704 802681 257890 0 10002 244741 90038 154703 35888 12915 22973 13911 5006 8905 65773 65773 316 316 16359 16359 25352 25352 176845 176845 118627 118627 OPER AND MAINT CONTRACT 112796 112796 UTILITIES 54574 54574 OPER AND MAINT EXPENSES 38809 38809 TAXES, LICENSE, PERMITS 12078 12078 7431 7431 923500 629119 294381 0 13215 7251 827 7360226 3396530 4126403 3963696 435766 460374 71196 85824 4646580 4517972 25974 19582 27595 26198 53569 45780 X -2105089 -2225908 6698100 6698100 4593011 4472192 4646580 4517972 -120819 0 X X 0 1 X 1 1 1 X 431244 475621 495070 512646 534789 2449370 257448 240902 238443 237826 248186 1222805 688692 716523 733513 750472 782975 3672175 0 0 0 3672175 2466 8841 11241 10002 32550 2466 8841 11241 10002 32550 8740 10285 8186 8623 8251 44085 699898 726808 750540 770336 801228 3748810 0.97960 0.98140 0.00870 0.00670 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 700000 700000 6270238 3029241 3240997 111479 100005 11474 278509 267284 11225 3963696 NORTHERN TRUST 460374 F 460374 TENANTS' SECURITY DEPOSITS 26198 26198 X 802681 0 802681 0 802681 923500 0 923500 0 923500 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, 2016. THE CORPORATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR FISCAL YEARS PRIOR TO 2013. 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, 2016 OF $65,773 ARE INCLUDED IN ADMINISTRATIVE EXPENSES IN THE ACCOMPANYING STATEMENT OF ACTIVITIES. THE APPLICABLE PERCENTAGE FEE 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, 2016. FORM 990, PART VI, SECTION B, LINE 11 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. FORM 990, PART XII, LINE 2C: THE CORPORATIONS OVERSIGHT POLICY HAS NOT CHANGED. VILLA ASSUMPTA INC 9995 N MILITARY TRAIL PALM BEACH GARDENS FL 33410 650233825 HOUSING FOR THE ELDERLY AND LOW INCOME. FL 501(C)(3) LINE 9 0 VILLA SETON INC 9995 N MILITARY TRAIL PALM BEACH GARDENS FL 33410 311775150 HOUSING FOR THE ELDERLY AND LOW INCOME. FL 501(C)(3) LINE 9 0 VILLA FRANCISCAN INC 9995 N MILITARY TRAIL PALM BEACH GARDENS FL 33410 650349169 HOUSING FOR THE ELDERLY AND LOW INCOME. FL 501(C)(3) LINE 9 0 VILLA REGINA OF WEST PALM BEACH INC 9995 N MILITARY TRAIL PALM BEACH GARDENS FL 33410 200212108 HOUSING FOR THE ELDERLY AND LOW INCOME. FL 501(C)(3) LINE 9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0