Villa Retirement Inc

Private foundation · Grantmaker Sherman, IL EIN: 37-1198674

Villa Retirement Inc is a private foundation focused on Housing & Shelter, based in Sherman, IL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $805K in total assets. In 2025, it awarded 2 grants totaling $74K. Net investment income was $14K.

Key facts about Villa Retirement Inc

In short: Villa Retirement Inc gave $74K across 2 grants in 2025 (avg $37K), mostly in Illinois. Source: 2025 IRS Form 990-PF.

EIN
37-1198674
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$74,367
Grants made (2025)
2
Average grant
$37,184
Median grant
$37,184
Total assets
$805,290
Primary geography
Illinois (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$805K

+6.0% YoY

Annual Giving

$74K

+643.7% YoY

Grant Count

2

+100.0% YoY

Avg Grant Size

$37K

+271.8% YoY

Under IRS private-foundation payout rules, Villa Retirement Inc reported a distributable amount of $41K for 2025 — the minimum it must pay out in qualifying distributions.

How Villa Retirement Inc gives

  • Giving grew 644% from 2022 to 2025. Method
  • In 2025 it paid out 180% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of 2025 grant dollars across all 2 itemized grants.

States

Cities

ShermanSpringfieldPetersburgSheramn

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K$80K7 grants2020 4 grants2021 1 grant2022 1 grant2023 1 grant2024 2 grants2025

From 2020 to 2025, annual grant giving ranged from $7K (2021) to $74K (2025). In 2025 it made 2 grants totaling $74K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2025

Villa Healthcare: $73KVilla Healthcare$73KLand of Lincoln Honor Flight: $2KLand of Lincoln Honor Flight$2K

The largest 2025 recipient was Villa Healthcare ($73K). Together the top 2 received $74K.

Grant Size Distribution

9 grants across all recorded years

8<$50K1$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 8 grants of 9 (89%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Villa Healthcare Sherman, ILEmployee Benefits$72,867
Land of Lincoln Honor Flight Springfield, ILDonation$1,500

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$500K$1M$1.5M2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$805,290$759,748$719,390
Revenue$1,153,613$1,051,655$1,069,020
Expenses$1,103,310$1,019,178$1,031,156
Qualifying Distributions$74,367$10,000$10,000
Net Investment Income$13,949$9,057$6,792
Distributable Amount$41,327$37,292$17,143

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2025 (received by the IRS August 9, 2026)
  2. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Villa Retirement Inc is led by Rick Edwards, President & Treasurer on every filing since 2020; 2 of 5 officers listed in 2025 are compensated.

Officers on the 2025 filing

  • Rick Edwards

    President & Treasurer

    On filings since 2020

    40 hrs/week

    $109K (2020) → $142K (2025)

  • James Williamson

    Vice President

    On filings since 2020

    10 hrs/week

    $84K (2020) → $19K (2025)

  • Concetta Cardinell

    Secretary

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Kenneth Tasset

    Vice President

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Peter Cavanagh

    Board Member

    On filings since 2020

    2 hrs/week

    No compensation reported

Former officers (2)
  • Former: Frank Moscardelli (2020–2023) — Board Member
  • Former: Steve Scott (2021–2022) — Legal Counsel

Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2025 IRS filing

Rick Edwards — Pres & Treas: $142KRick EdwardsPres & Treas$142KJames Williamson — Vice Preside: $19KJames WilliamsonVice Preside$19K

The highest reported compensation on the 2025 filing was $142K, to Rick Edwards (Pres & Treas). 2 officers or directors reported compensation on that filing.

Frequently asked questions about Villa Retirement Inc

How much does Villa Retirement Inc give each year?

Villa Retirement Inc gave $74K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $10K across 1 grant.

How large is Villa Retirement Inc?

Villa Retirement Inc reported $805K in total assets on its 2025 IRS Form 990-PF. It paid out $74K in qualifying distributions that year, against a required minimum of $41K (roughly 5% of its investment assets).

What is Villa Retirement Inc?

Villa Retirement Inc is a private foundation focused on Housing & Shelter, based in Sherman, IL. It holds $805K in total assets as of 2025.

Where does Villa Retirement Inc operate?

Villa Retirement Inc has awarded grants in Illinois.

What is Villa Retirement Inc's EIN?

Villa Retirement Inc's EIN (Employer Identification Number) is 37-1198674. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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