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EIN 36-3438977

Provena Laverna Terrace

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Mokena
State
Illinois
Year formed
1982
Most recent tax filings
2022-06-01
NTEE code, primary
L22: Senior Citizens Housing, Retirement Communities
Description
Provena Laverna Terrace provides affordable housing facilities for low-income elderly and handicapped individuals through the ownership and operation of a 51 unit apartment community. The rents charged to tenants are subsidized and regulated by the U.S. Department of Housing & Urban Development, ensuring accessibility to those in need.
Related structure
Provena Laverna Terrace is child organization, under the parent exemption from United States Conference of Catholic Bishops (USCCB).
Also known as...
Laverna Terrace Housing Corporation
Total revenues
$528,611
2022
Total expenses
$580,741
2022
Total assets
$4,251,296
2022
Num. employees
0
2022

Program areas at Provena Laverna Terrace

The organization provides affordable Housing to low-income senior individuals. The organization owns & operates a 51 unit apartment community. The rents charged to tenants are subsidized and regulated by the u.s. department of Housing & urban development. As part of the ascension catholic health ministry, the filing organization served in support of ascension's commitment to both care for patients and communities and support caregivers and other associates through the challenges of the covid-19 global pandemic in 2020 & 2021. The apartment community was classified as held for sale as of may 31, 2021.

Who funds Provena Laverna Terrace

Federal funding details
Federal agencyProgram nameAmount
Department of Housing and Urban DevelopmentSUPPORTIVE HOUSING FOR THE ELDERLY$466,323
Department of Housing and Urban DevelopmentSECTION 8 HOUSING ASSISTANCE PAYMENTS PROGRAM$233,408
Department of Housing and Urban DevelopmentMULTIFAMILY HOUSING SERVICE COORDINATORS$64,302

Personnel at Provena Laverna Terrace

NameTitleCompensation
Daniel StrickerPresident and Chief Executive Officer , Ascension$0
Michael GordonChief Financial Officer$0
Lisa MusgraveSenior Vice President
Brad S FoleyBoard Chair$0
Joan BachleitnerSecretary$0
...and 19 more key personnel

Financials for Provena Laverna Terrace

RevenuesFYE 06/2022
Total grants, contributions, etc.$318,303
Program services$212,210
Investment income and dividends$162
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-2,878
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$814
Total revenues$528,611

Form 990s for Provena Laverna Terrace

Fiscal year endingDate received by IRSFormPDF link
2022-062023-05-15990View PDF
2021-062022-05-12990View PDF
2020-062021-05-26990View PDF
2019-062021-01-21990View PDF
2018-062019-12-09990View PDF
...and 8 more Form 990s
Data update history
July 9, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 1, 2023
Updated personnel
Identified 2 new personnel
June 24, 2023
Updated personnel
Identified 4 new personnel
October 3, 2021
Posted financials
Added Form 990 for fiscal year 2020
September 11, 2021
Updated personnel
Identified 6 new personnel
Nonprofit Types
Housing and shelter organizationsRetirement homesChapter / child organizationsCharities
Issues
HealthHuman servicesHousing
Characteristics
CatholicChristianReligiousReceives government fundingTax deductible donationsNo full-time employees
General information
Address
18927 Hickory Creek Dr 300
Mokena, IL 60448
Metro area
Chicago-Naperville-Elgin, IL-IN-WI
Phone
(317) 271-8888
IRS details
EIN
36-3438977
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1982
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
L22: Senior Citizens Housing, Retirement Communities
NAICS code, primary
62422: Community Housing Services
Parent/child status
Child within group exemption
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