2023-11-10T11:25:15-06:00 2022-12-31 310800053 CLARK SCHAEFER HACKETT & CO 14 EAST MAIN STREET SUITE 500 SPRINGFIELD OH 45502 990 2022-01-01 251700573 ST CLAIR VILLA INC STCL 6788606833 795 RIDGE LAKE BLVD MEMPHIS TN 38120 MATTHEW OSBORNE PRESIDENT 6788606833 2023-11-09 1 MATTHEW OSBORNE 999009999 0 NATOSHA CARR P01225377 9373992000 2023-11-09 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MATTHEW OSBORNE 795 RIDGE LAKE BLVD MEMPHIS TN 38120 4040128 0 X N/A X 1992 PA TO PROVIDE AFFORDABLE QUALITY HOUSING TO THE ELDERLY, PEOPLE WITH DISABILITIES, & VERY LOW INCOME PEOPLE. X 10 10 5 10 0 0 0 3007200 369908 487789 75 -876337 4338 3200 374321 2621852 0 0 0 0 53709 99605 0 0 0 458739 437344 512448 536949 -138127 2084903 1560032 589543 3107300 51909 -1547268 537634 TO PROVIDE AFFORDABLE QUALITY HOUSING TO THE ELDERLY, PEOPLE WITH DISABILITIES, & VERY LOW INCOME PEOPLE. 0 0 490659 488393 RENTAL HOUSING FOR ELDERLY, ST. CLAIR VILLA OPERATES A FORTY-EIGHT UNIT APARTMENT COMPLEX IN BRIDGEVILLE, PA. THE OPERATION IS CONDUCTED UNDER HUD REGULATIONS. 490659 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 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 1 0 1 0 0 0 1 8 0 1 5 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 1 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X SILVER TREE RESIDENTIAL LLC 6788606833 795 RIDGE LAKE BLVD SUITE 300 MEMPHIS TN 38120 X MATTHEW OSBORNE PRESIDENT 1.00 X X 0 0 0 ELEANOR WHITE TREASURER/SECRETARY 1.00 X X 0 0 0 PAUL PONTE DIRECTOR 1.00 X 0 0 0 MARK SEGEL DIRECTOR 1.00 X 0 0 0 PATRICK SHEA DIRECTOR 1.00 X 0 0 0 JOSHUA HAMMOND DIRECTOR 1.00 X 0 0 0 ROBERT BALDACCI DIRECTOR 1.00 X 0 0 0 MICHAEL SMITH DIRECTOR 1.00 X 0 0 0 ROBERT STAPE DIRECTOR 1.00 X 0 0 0 JOHN O'BRITZ DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 3007200 3007200 TENANT ASSISTANCE PAYMENTS 531110 316477 316477 RENTAL REVENUE, NET 531110 171312 171312 487789 179 179 541760 1418276 -876516 -876516 -876516 LAUNDRY & VENDING 900099 2596 2596 DAMAGES 900099 347 347 LOCK CHARGES 900099 257 257 3200 2621852 488393 0 -873741 83055 83055 9817 9817 6733 6733 34104 34104 155 155 12186 12186 692 692 15505 15505 94988 94988 100096 100096 12526 12526 OPERATING AND MAINTENAN 166337 166337 BAD DEBTS 755 755 536949 490659 46290 0 7155 566249 10783 440 7885 4265 0 1350341 183868 18589 1560032 589543 82725 51909 3201 3007200 14174 0 3107300 51909 X -1547268 537634 -1547268 537634 1560032 589543 2084903 0 X X 0 1 X 1 1 1 X 216383 214775 207146 207131 316477 1161912 216383 214775 207146 207131 316477 1161912 1161912 1136 984 197 75 179 2571 2606 3756 2925 4254 2596 16137 1180620 171915 0.98420 0.98070 X SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS: DESCRIPTION: U.S. DEPT. OF H.U.D. LOAN FORGIVENESS DATE: 12/30/22 AMOUNT: 3007200. SCH A, PART II, LINE 10: SALE OF CAPITAL ASSET EXCLUSION THE RENTAL PROPERTY WAS SOLD ON DECEMBER 30, 2022 FOR $541,760 FOR A LOSS OF ($876,516). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 2621852 0 2621852 0 2621852 536949 0 536949 0 536949 PART X, LINE 2: NO PROVISION OR BENEFIT FOR INCOME TAXES HAS BEEN INCLUDED IN THESE FINANCIAL STATEMENTS SINCE THE CORPORATION WAS ORGANIZED AS A NOT-FOR-PROFIT CORPORATION AND HAS SECURED TAX EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2022. THE CORPORATION HAS DETERMINED THAT ALL INCOME TAX FILING POSITIONS WOULD BE SUSTAINED UPON EXAMINATION AND ACCORDINGLY, THE CORPORATION HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS PURSUANT TO ASC 740 INCOME TAXES AS OF DECEMBER 31, 2022. RENTAL PROPERTY 2022-12-30 541760 FAIR MARKET VALUE 881700808 ST CLAIR VILLA APARTMENTS LP 795 RIDGE LAKE BLVD SUITE 30 MEMPHIS TN 38120 PARTNERSHIP 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 THE PROPERTY AS OF DECEMBER 29, 2022 IS MANAGED BY SILVER TREE RESIDENTIAL, LLC (SILVER TREE), PURSUANT TO A MANAGEMENT AGREEMENT APPROVED BY HUD. THE PROPERTY WAS PREVIOUSLY MANAGED BY A FORMER RELATED PARTY, GOODWILL OF SOUTHWESTERN PENNSYLVANIA. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS A BOARD WHICH IS COMPRISED OF MEMBERS WHO ARE NOT COMPENSATED. FORM 990, PART VI, SECTION B, LINE 11B THE TREASURER PERFORMS AN IN DEPTH REVIEW OF THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS EACH BOARD MEMBER CONFIRM ANNUALLY THAT HE OR SHE DOES NOT HAVE ANY CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS APPROVES THE SALARY OF TOP MANAGEMENT OFFICIALS AND OFFICERS AND REVIEWS THEM ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 ALL ARE AVAILABLE ON SITE BY REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. JEFFERSON COURTYARD INC 795 RIDGE LAKE BLVD MEMPHIS TN 38120 251795831 HOUSING PA 501(C)(3) LINE 7 N/A 0 SUMMERDALE COURT INC 795 RIDGE LAKE BLVD MEMPHIS TN 38120 311581955 HOUSING PA 501(C)(3) LINE 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0