Villa Retirement Inc
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.
Villa Retirement Inc at a glance
In short: Villa Retirement Inc gave $74K across 2 grants in 2025 (avg $37K), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $74,367
- +643.7% vs 2024
- Grants made (2025)
- 2
- +100.0% vs 2024
- Average grant
- $37,184
- +271.8% vs 2024
- Median grant
- $37,184
- Total assets
- $805,290
- +6.0% vs 2024
- Primary geography
- Illinois (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Villa Retirement Inc funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Villa Healthcare ($73K). Together the top 2 received $74K.
Grant Size Distribution
9 grants across all recorded years
The most common grant size was under $50K: 8 grants of 9 (89%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $7K (2021) to $74K (2025). In 2025 it made 2 grants totaling $74K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Villa Healthcare Sherman, IL | Employee Benefits | $72,867 |
| Land of Lincoln Honor Flight Springfield, IL | Donation | $1,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $805,290 | $1,153,613 | $1,103,310 | $74,367 | 2 | $74,367 | $13,949 | $41,327 |
| 2024 | $759,748 | $1,051,655 | $1,019,178 | $10,000 | 1 | $10,000 | $9,057 | $37,292 |
| 2023 | $719,390 | $1,069,020 | $1,031,156 | $10,000 | 1 | $10,000 | $6,792 | $17,143 |
| 2022 | $688,562 | $999,806 | $939,031 | $10,000 | 1 | $10,000 | $1,225 | $14,482 |
| 2021 | $641,142 | $1,026,530 | $994,391 | $6,805 | 4 | $6,805 | $1,508 | $13,440 |
| 2020 | $615,081 | $628,521 | $717,172 | $45,524 | 7 | — | $1,529 | $15,231 |
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.
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
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.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS August 9, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Villa Retirement Inc funds
Housing & Shelter Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Villa Retirement Inc's focus areas in our free grants database
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