Villa Mercede Community Urban REDEVELOPMENT CORPORATION

Address
1331 W 70TH STREET
CLEVELAND, OH 44102
Contact
Phone: +1 (216) 360-9441
Nonprofit
NTEE: L21 - Public Housing Facilities
EIN: 34-1251206

Mission

TO PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY AND HANDICAPPED INDIVIDUALS.
 20172016201520142013
Basic features of the organization
Year of formation1978
Subsection code03
PF filing required0    
Metropolitan statistical area1692
Form of organization
CorporationTrue
Other form of orgTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel $0.00   
Sum of reportable (W2/1099) compensation$0.00$0.00$0.00$0.00$0.00
Number of employees05006
Number of people compensated >$100k00000
Number of volunteers1110999
Number of highly compensated contractors0031 
Personnel
Biasiotta, Joseph
TitleVICE PRESIDENTTRUSTEETRUSTEETRUSTEETRUSTEE
Name of key/compensated personJOSEPH BIASIOTTAJOSEPH BIASIOTTAJOSEPH BIASIOTTAJOSEPH BIASIOTTAJOSEPH BIASIOTTA
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrue    
Average hours per week working for org0.500.50.500.500.50
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.0   
Castanzo, Anthony
Title TRUSTEE   
Name of key/compensated person ANTHONY CASTANZO   
Position of compensated person
Current individual trustee or director True   
Average hours per week working for org 0.5   
Reportable compensation from org $0.00   
Other comp, non-reportable, from org and related orgs $0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00   
Average hours per week working for related orgs 0.0   
Coreno, Ronald
Title TRUSTEETRUSTEETRUSTEETRUSTEE
Name of key/compensated person RONALD CORENORONALD CORENORONALD CORENORONALD CORENO
Position of compensated person
Current individual trustee or director TrueTrueTrueTrue
Average hours per week working for org 0.50.500.500.50
Reportable compensation from org $0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00$0.00
Average hours per week working for related orgs 0.0   
Costanzo, Anthony
TitleTRUSTEE TRUSTEETRUSTEETRUSTEE
Name of key/compensated personANTHONY COSTANZO ANTHONY COSTANZOANTHONY COSTANZOANTHONY COSTANZO
Position of compensated person
Current individual trustee or directorTrue TrueTrueTrue
Average hours per week working for org0.50 0.500.500.50
Reportable compensation from org$0.00 $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00 $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00 $0.00$0.00$0.00
Average hours per week working for related orgs0.00    
Crow, Lori
TitleTRUSTEE    
Name of key/compensated personLORI CROW    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org0.50    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Average hours per week working for related orgs0.00    
D'Onofrio, Frank
TitleTRUSTEEPRESIDENTPRESIDENTPRESIDENTPRESIDENT
Name of key/compensated personFRANK D'ONOFRIOFRANK D'ONOFRIOFRANK D'ONOFRIOFRANK D'ONOFRIOFRANK D'ONOFRIO
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officer TrueTrueTrueTrue
Average hours per week working for org0.500.50.500.500.50
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.0   
Decaesar, Michael
TitleTRUSTEETRUSTEE   
Name of key/compensated personMICHAEL DECAESARMICHAEL DECAESAR   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org0.500.5   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Average hours per week working for related orgs0.000.0   
Ford, Marie
TitleTRUSTEE    
Name of key/compensated personMARIE FORD    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org0.50    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Average hours per week working for related orgs0.00    
Isabella, Joseph
Title TREASURER (OCTOBER-MAY)TREASURERTREASURERTREASURER
Name of key/compensated person JOSEPH ISABELLAJOSEPH ISABELLAJOSEPH ISABELLAJOSEPH ISABELLA
Position of compensated person
Current individual trustee or director TrueTrueTrueTrue
Current officer TrueTrueTrueTrue
Average hours per week working for org 0.50.500.500.50
Reportable compensation from org $0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00$0.00
Average hours per week working for related orgs 0.0   
Kuhl, Mary
Title CEO/MANAGERCEO/MANAGER  
Name of key/compensated person MARY JO KUHLMARY JO KUHL  
Position of compensated person
Current officer TrueTrue  
Average hours per week working for org 10.010.00  
Reportable compensation from org $0.00$0.00  
Other comp, non-reportable, from org and related orgs $0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00  
Average hours per week working for related orgs 0.0   
Manno, Charlie
TitlePRESIDENTVICE-PRESIDENTVICE-PRESIDENTVICE-PRESIDENTVICE-PRESIDENT
Name of key/compensated personCHARLIE MANNOCHARLIE MANNOCHARLIE MANNOCHARLIE MANNOCHARLIE MANNO
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org0.500.50.500.500.50
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.0   
Mazzi, Alicia
TitleTREASURERSECRETARY(OCT.-APR.),TREASURERSECRETARYSECRETARYSECRETARY
Name of key/compensated personALICIA MAZZIALICIA MAZZIALICIA MAZZIALICIA MAZZIALICIA MAZZI
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org0.500.50.500.500.50
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.0   
Perry, Jennifer
Title    PROPERTY MANAGER
Name of key/compensated person    JENNIFER PERRY
Position of compensated person
Current officer    True
Average hours per week working for org    40.00
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Rasch, Fr
TitleTRUSTEETRUSTEETRUSTEETRUSTEETRUSTEE
Name of key/compensated personFR RICHARD RASCHFR RICHARD RASCHFR RICHARD RASCHFR RICHARD RASCHFR RICHARD RASCH
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org0.500.50.500.500.50
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.0   
Russo, Ralph
TitleTRUSTEE    
Name of key/compensated personRALPH RUSSO    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org0.50    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Average hours per week working for related orgs0.00    
Sfiscko, Johanna
TitleSECRETARYTRUSTEETRUSTEETRUSTEETRUSTEE
Name of key/compensated personJOHANNA SFISCKOJOHANNA SFISCKOJOHANNA SFISCKOJOHANNA SFISCKOJOHANNA SFISCKO
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrue    
Average hours per week working for org0.500.50.500.500.50
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.0   
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTO PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY AND HANDICAPPED INDIVIDUALS.TO PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY AND HANDICAPPED INDIVIDUALS.TO PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY AND HANDICAPPED INDIVIDUALSTO PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY AND HANDICAPPED INDIVIDUALSTO PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY AND HANDICAPPED INDIVIDUALS
Program service expenses, total$1,795,119.00$1,361,050.00$1,369,060.00$1,207,963.00$1,232,221.00
Programs, including revenue & expenses
OWNERSHIP AND OPERATION OF A 151 UNIT APARTMENT PROJECT UNDER SECTION 202 OF THE NATIONAL HOUSING ACT FOR ELDERLY AND HANDICAPPED PERSONS. RENT CHARGES AND OPERATIONS METHODS ARE REGULATED BY HUD.
Program expenses$1,795,119.00$1,361,050.00$1,369,060.00$1,207,963.00$1,232,221.00
Program revenue$1,527,472.00$1,464,622.00$1,394,781.00$1,630,923.00$1,701,864.00
Program descriptionOWNERSHIP AND OPERATION OF A 151 UNIT APARTMENT PROJECT UNDER SECTION 202 OF THE NATIONAL HOUSING ACT FOR ELDERLY AND HANDICAPPED PERSONS. RENT CHARGES AND OPERATIONS METHODS ARE REGULATED BY HUD.OWNERSHIP AND OPERATION OF A 151 UNIT APARTMENT PROJECT UNDER SECTION 202 OF THE NATIONAL HOUSING ACT FOR ELDERLY AND HANDICAPPED PERSONS. RENT CHARGES AND OPERATION METHODS ARE REGULATED BY HUD.OWNERSHIP AND OPERATION OF A 151 UNIT APARTMENT PROJECT UNDER SECTION 202 OF THE NATIONAL HOUSING ACT FOR ELDERLY AND HANDICAPPED PERSONS. RENT CHARGES AND OPERATION METHODS ARE REGULATED BY HUD.OWNERSHIP AND OPERATION OF A 151 UNIT APARTMENT PROJECT UNDER SECTION 202 OF THE NATIONAL HOUSING ACT FOR ELDERLY AND HANDICAPPED PERSONS. RENT CHARGES AND OPERATION METHODS ARE REGULATED BY HUD.OWNERSHIP AND OPERATION OF A 151 UNIT APARTMENT PROJECT UNDER SECTION 202 OF THE NATIONAL HOUSING ACT FOR ELDERLY AND HANDICAPPED PERSONS. RENT CHARGES AND OPERATION METHODS ARE REGULATED BY HUD.
Financial data
Revenue
Total revenue$1,528,422.00$1,476,676.00$1,406,091.00$1,642,649.00$1,713,570.00
Revenue from contributions (total) $0.00$0.00$0.00$0.00
Investment income, current yr$950.00$108.00-$26,479.00$1,166.00$1,067.00
Total revenue from grants, etc., current yr$0.00$0.00$0.00$0.00$0.00
Total unrelated business revenue$0.00$0.00$0.00$0.00$0.00
Other revenue, current yr$11,774.00$11,485.00$10,673.00$10,560.00$10,639.00
Net unrelated business taxable revenue$0.00 $0.00$0.00$0.00
Program service revenue (total)$1,515,698.00$1,465,083.00$1,421,897.00$1,630,923.00$1,701,864.00
Gross receipts$1,528,422.00$1,477,137.00$1,433,207.00$1,642,649.00$1,713,570.00
Other types of revenue
Royalties (total) $0.00   
Miscellaneous revenue (total)$11,774.00$0.00   
Net revenue from gaming (total) $0.00   
Income from dividends, interest, and similar investments$950.00$569.00$637.00$1,166.00$1,067.00
Net rental income $11,485.00$10,673.00$10,560.00$10,639.00
Net income from fundraising events $0.00   
Net inventory sales (total) $0.00   
Expense categories (totals)
Total functional expenses: sum of all$2,028,793.00$1,612,849.00$1,625,997.00$1,464,348.00$1,465,218.00
Total functional expenses: program service $1,795,119.00$1,361,050.00$1,369,060.00$1,207,963.00$1,232,221.00
Total functional expenses: management and general$233,674.00$251,799.00$256,937.00$256,385.00$232,997.00
Total functional expenses: fundraising$0.00$0.00$0.00$0.00$0.00
Fees for services
Lobbying fees (total) $0.00   
Legal fees (total)$1,638.00$113.00$856.00$141.00$2,870.00
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
General management fees (total)$75,153.00$73,625.00$77,087.00$75,364.00$78,000.00
Investment management fees (total) $0.00   
Assets and liabilities
Total assets$3,197,263.00$3,910,551.00$4,073,902.00$4,342,668.00$2,903,907.00
Total assets, beginning of year$3,746,205.00$4,073,902.00$4,342,668.00$2,903,907.00$2,825,738.00
Total liabilities$2,956,873.00$3,169,790.00$3,196,968.00$3,245,828.00$1,985,368.00
Total liabilities, beginning of year$3,005,444.00$3,196,968.00$3,245,828.00$1,985,368.00$2,155,551.00
Pledges & accounts receivable, net $0.00   
Loans & receivables from key persons $0.00   
Unrestricted net assets, end of yr$240,390.00$740,761.00$876,934.00$1,096,840.00$918,539.00
Temporarily restricted net assets $0.00   
Permanently restricted net assets, end of yr $0.00   
Net assets$240,390.00$740,761.00$876,934.00$1,096,840.00$918,539.00
Net assets, beginning of year$740,761.00$876,934.00$1,096,840.00$918,539.00$670,187.00
Other liabilities$43,669.00$46,841.00$41,167.00$42,108.00$39,762.00
Bond liabilities $0.00   
Intangible assets $164,346.00$169,374.00$176,065.00$50,266.00
Other assets$335,843.00$47,827.00$44,157.00$387,422.00$55,003.00
Investments: other securities $0.00   
Investments: publicly traded securities $0.00   
Cash: non-interest bearing$163,677.00$241,341.00$195,004.00$56,863.00$45,025.00
Cash: non-interest bearing, beginning of year$241,341.00$195,004.00$56,863.00$45,025.00$133,621.00
Investments -- program-related $0.00   
Escrow or custodial account liability $0.00   
Loans and other payables to key persons $0.00   
Grants payable $0.00   
Inventories for sale or use $0.00   
Other financial variables
Revenue less expenses-$500,371.00-$136,173.00-$219,906.00$178,301.00$248,352.00
Advertising (total)$609.00$350.00$355.00$300.00$323.00
Savings & temp cash investment$167,940.00$537,508.00$405,565.00$1,354,244.00$547,636.00
Accounts receivable, net$2,995.00$201.00$182.00$8,733.00$3,129.00
Prepaid expenses & deferred charges$28,052.00$29,411.00$41,405.00$37,517.00$11,363.00
Accounts payable & accrued expenses$141,834.00$151,667.00$146,321.00$157,163.00$193,021.00
Deferred revenue$531.00$629.00$107.00$167.00$534.00
Unsecured notes & loans to unrelated parties $0.00   
Secured mortgages and notes payable$2,770,839.00$2,970,653.00$3,009,373.00$3,046,390.00$1,752,051.00
Total net assets or fund balances$240,390.00$740,761.00$876,934.00$1,096,840.00$918,539.00
Depreciation, depletion, amortization$396,189.00$403,272.00$355,537.00$280,783.00$240,818.00
Payment to affiliates $0.00   
Governance and accountability
Number of voting members119999
Number of independent voting members119999
Financial sheets auditedTrueTrueTrueTrueTrue
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2016-10-012015-10-012014-10-012013-10-012012-10-01
Tax year end date2017-09-012016-09-012015-09-012014-09-012013-09-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Reason for form submission
Address changeTrue    
Date e-filing submitted2018-01-082017-08-172016-07-212015-03-102014-04-08
IRS schema version2016v3.02015v3.02014v6.02013v4.02012v2.1
Filing identifier201703489349300100201710909349300761201600789349300400201530449349301113201400389349300730
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