2025-12-18T12:03:39-06:00 2025-06-30 141918990 TEMPLETON & COMPANY LLP 222 LAKEVIEW AVENUE SUITE 1200 WEST PALM BEACH FL 33401 990 2024-07-01 650650219 VILLA MADONNA INC VILL 5617759516 PO BOX 109650 PALM BEACH GARDENS FL 33410 VITO GENDUSA TREASURER 5617759516 2025-12-18 1 1 JOHN CHENOWETH P01768153 5617989988 2024 2025-03-06 01:10:19Z VITO GENDUSA 9995 NMILITARY TRAIL PALM BEACH GARDENS FL 33410 1247367 0 0928 X N/A X 1996 FL HOUSING FOR THE ELDERLY WITH VERY LOW INCOME. 7 7 5 0 0 0 892792 937285 270970 288298 6030 5315 16147 16469 1185939 1247367 0 0 0 0 291035 295800 0 0 0 1065087 1025941 1356122 1321741 -170183 -74374 3235851 3201734 51212 91469 3184639 3110265 TO PROVIDE HOUSING FOR ELDERLY FAMILIES AND INDIVIDUALS OF VERY LOW INCOME. 0 0 944344 304767 U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) PROJECT CONTAINING RENTAL UNITS FOR THE ELDERLY WITH LOW INCOME. 944344 1 1 0 0 0 0 0 0 0 0 1 0 0 1 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 5 1 0 0 0 0 0 0 0 0 0 0 X 7 7 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X X REX SNYDER SPM LLC 2056395125 1103 R ARRINGTON BLVD SOUTH BIRMINGHAM AL 35203 X DANIEL LEWIS PRESIDENT 1.00 X X 0 0 0 FATHER GAVIN BADWAY VICE PRESIDENT 1.00 X X 0 0 0 VITO GENDUSA SECRETARY/TREASURER 1.00 X X 0 0 0 JOSEPH LERARDI DIRECTOR 1.00 X 0 0 0 KEVIN MCGINLEY DIRECTOR 1.00 X 0 0 0 FATHER SCOTT ADAMS DIRECTOR 1.00 X 0 0 0 MARTIN SERRAES DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 937285 937285 APARTMENT RENTAL 532000 288298 288298 288298 5315 5315 COIN LAUNDRY 812300 14248 14248 CABLE TV INCOME 812300 1322 1322 MISC INCOME 812900 899 899 16469 1247367 304767 0 5315 248569 91376 157193 13621 5007 8614 14999 5514 9485 18611 6842 11769 103030 103030 138 138 19357 19357 765 765 51005 51005 11128 11128 184118 184118 258825 258825 OPER AND MAINT CONTRACT 126238 126238 SECURITY CONTRACT 90886 90886 OPER AND MAINT EXPENSES 87333 87333 UTILITIES 66131 66131 26987 21309 5678 1321741 944344 377397 0 14645 59142 178509 149791 7553023 4961447 2775694 2591576 125735 133993 141268 267232 3235851 3201734 23071 63395 28141 28074 51212 91469 X -3513461 -3587835 6698100 6698100 3184639 3110265 3235851 3201734 -74374 0 X X 0 1 X 1 1 1 X 586258 633204 790815 892792 937285 3840354 253930 249230 257056 270970 288298 1319484 840188 882434 1047871 1163762 1225583 5159838 0 0 0 5159838 4219 148 1257 6030 5315 16969 4219 148 1257 6030 5315 16969 7847 8879 8152 14484 15570 54932 852254 891461 1057280 1184276 1246468 5231739 0.98630 0.98520 0.00320 0.00380 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 744428 744428 6357725 4939931 1417794 68833 2929 65904 382037 18587 363450 2591576 TENANTS' SECURITY DEPOSITS 28628 DEPOSITS 10152 ESCROW DEPOSITS 228452 267232 TENANTS' SECURITY DEPOSITS 28074 28074 X 1247367 0 1247367 0 1247367 1321741 0 1321741 0 1321741 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, 2025. THE CORPORATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR FISCAL YEARS PRIOR TO 2022. FORM 990, PART VI, SECTION A, LINE 3 EFFECTIVE DECEMBER 1, 2019, THE CORPORATION EXTENDED THE MANAGEMENT AGREEMENT (THE AGREEMENT) WITH SPM, LLC (SPM) WHEREBY SPM PROVIDES MANAGEMENT AND OTHER ADMINISTRATIVE SERVICES TO THE CORPORATION THROUGH NOVEMBER 30, 2025. MANAGEMENT FEES TO SPM FOR THE YEAR ENDED JUNE 30, 2025, OF $103,030 ARE INCLUDED IN ADMINISTRATIVE EXPENSES IN THE ACCOMPANYING STATEMENT OF ACTIVITIES. THE APPLICABLE PERCENTAGE FEE PER THE AGREEMENT IS 8.3%. IN ADDITION, SPM PROVIDES ACCOUNTING AND OTHER SERVICES TO THE CORPORATION. FEES FOR THESE SERVICES TOTALED APPROXIMATELY $7,700 FOR THE YEAR ENDED JUNE 30, 2025. ALL INDIVIDUALS WHO PERFORM SERVICES FOR THE CORPORATION ARE EMPLOYEES OF SPM FOR PAYROLL, BENEFITS, AND EMPLOYMENT TAX PURPOSES, AND SPM FILES ALL RELATED FORMS W-2 AND FORMS 941 UNDER SPM'S EMPLOYER IDENTIFICATION NUMBER. FOR FINANCIAL STATEMENT AND FORM 990 REPORTING PURPOSES, AMOUNTS PAID TO SPM THAT REPRESENT THE SALARIES AND WAGES OF THESE INDIVIDUALS ARE REPORTED BY THE CORPORATION ON THE "SALARIES AND WAGES" LINE RATHER THAN AS "MANAGEMENT FEES," IN ORDER TO REFLECT THE SUBSTANCE OF THE ARRANGEMENT. ANY REMAINING AMOUNT PAID TO SPM THAT REPRESENTS ITS MANAGEMENT FEE IS REPORTED AS MANAGEMENT AND ADMINISTRATIVE EXPENSES. 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. FORM 990, PART XII, LINE 2C: THE CORPORATION'S 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 10 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 10 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 10 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 10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0