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News & Events

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​St. Hugh Properties Finds A New Proprietor

3/28/2022

 
We announced last week that we finalized the sale of the St Hugh properties to St Nikola Serbian Eastern Orthodox Church, a not-for-profit organization currently based in Brookfield.

Until this sale was completed, St Paul VI parish was responsible for all maintenance and upkeep on the multiple buildings. This included but was not limited to the liability insurance, all utilities, snow removal, garbage and water fees, personnel costs, and more.

The cost for us to maintain these buildings for the eight months prior to the closing totaled approximately $55,350.

In addition to those costs, we are required to cover the general liability insurance for the entire year in the amount of $25,410.

To put this in perspective, maintaining the property for 8 months with no use, cost the parish over $80,000. We were blessed that we were able to find a buyer quickly as without the sale this would have continued to drain our finances.

We had a few other costs associated with closing:
  • Required surveys in the amount of $5,250.
  • Onetime fee to the Arch for handling the sale in the amount of $17,000.
  • Repayment of Arch debt from St Hugh in the amount of $94,052.

The closing costs on the settlement statement totaled an additional $53,132.

This brings our total parish expense for the maintenance and sale of the St Hugh property to a little over $250,000.

With a sale price of $850,000, this leaves the parish approximately $600,000. It is the expectation of the Archdiocese to not use these funds for the day-to-day operation of the parish but to direct these funds to our evangelization efforts as we continue to build our St Paul VI faith community.

We appreciate your patience as we pulled together all the information.

If you have any questions regarding the information above, please feel free to reach out to us.

Your ongoing generosity and support of St Paul VI parish are vital to continuing our efforts to build our faith community together.

With prayers and gratitude,
Rev. Thomas P. May 

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Locations & Contact information

Mater Christi Church
2401 S 10th Avenue
North Riverside, IL​  60546
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St. Mary Church
105 Herrick Road
Riverside, IL​  60546
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Mother of Mother's Shrine
at Mater Christi Church

2401 S 10th Avenue
North Riverside, IL​  60546
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Bishop Timothy J. Lyne
Pastoral Center & Parish Office

40 E. Burlington Street
Riverside, IL 60546
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708-447-1020
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St. Hugh Faith Formation Center
2400 S. 10th Avenue
North Riverside, IL 60546
Directions
708-447-1020
Email
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St. Mary School
97 Herrick Road
Riverside, IL 60546
Directions
708-442-5747
Fax:  708-442-0125

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  • Welcome
    • Join Our Parish
    • Pastors' Welcome
    • Locations & Contact Information
    • News & Events
    • Calendar
    • Bulletins
    • Staff Directory
    • Parish History
    • Catholic Resources >
      • Global Mass Times
      • Daily Mass Readings
      • The Archdiocese of Chicago
      • USCCB
      • The Vatican
      • Synod 2021-2023
      • Pray Tell Blog with Rev. Ed Foley
      • Bishop Robert Barron's Sunday Homily
    • Parish Gallery
    • Facilities Use Request
    • Counseling & Abuse Resources >
      • Counseling Services
      • Domestic Violence Resources
      • Protecting Our Children (Virtus)
  • Worship
    • Mass & Reconciliation Schedule
    • Presider Schedule
    • Sacraments >
      • Baptism
      • Reconciliation (Confession)
      • Eucharist
      • Confirmation
      • Anointing the Sick
      • Holy Orders
      • Matrimony
    • Adoration
    • Liturgy & Music
    • Funerals >
      • Pray for our beloved deceased...
    • Rosary
    • Virtual Prayer Wall
    • Mass Intention Requests
    • About the Sunday Readings
  • Learn
    • Youth Faith Formation >
      • Welcome
      • Religious Education
      • SPRED
      • St. Mary School (K-8)
      • Catechesis
      • Children's Liturgy of the Word
      • Confirmation Corner
      • Youth Ministry
      • Kid's Page
    • Adult Faith Formation
    • RCIA – Adult Sacraments
    • Alpha
    • Protecting Our Children (Virtus)
  • Engage
    • Get Involved – Ministry Information
    • Liturgy & Music
    • Ministers of Care
    • Councils & Boards >
      • Parish Pastoral Council
      • Parish Finance Council
      • Faith Formation Board
      • School Board
    • Hispanic Ministry >
      • Latino Advisory Council
      • Quinceañeras – Cotillion
    • Give
  • Shrine
    • History
    • Prayers & Articles
    • 50th Anniversary
  • Quick Links
    • Mass & Reconciliation Schedule
    • Calendar
    • Join Our Parish
    • Give