Totals
- Total revenue
- $1,328,226
- Total expenses
- $1,284,779
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $1,304,201
- Investment income
- $24,025
- Other revenue
- $0
- Total assets, end of year
- $4,693,477
- Total liabilities, end of year
- $382,308
- Net assets or fund balances, end of year
- $4,311,169
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: RENTAL INCOME
total $1,332,682 · related or exempt $1,332,682
-
2b · Program service revenue: MAINTENANCE FEES
total -$28,481 · related or exempt -$28,481
-
3 · Investment income
total $24,025 · excluded $24,025
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $56,097
-
16 · Occupancy
total $430,460
-
22 · Depreciation, depletion and amortization
total $176,379
-
23 · Insurance
total $23,162
-
24a · Other expenses: SECURITY EXPENSES
total $231,181
-
24b · Other expenses: MAINTENANCE & REPAIRS
total $206,543
-
24c · Other expenses: JANITORIAL EXPENSES
total $98,625
-
24d · Other expenses: ADMINISTRATIVE EXPENSES
total $43,169
-
24e · All other expenses
total $19,163
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $87,517 · end of year $514,502
-
4 · Accounts receivable
beginning of year -$36,382 · end of year -$38,724
-
9 · Prepaid expenses and deferred charges
beginning of year $71,527 · end of year $65,751
-
10a · Land, buildings and equipment: cost or other basis
$9,788,850
-
10b · Land, buildings and equipment: accumulated depreciation
$5,636,902
-
10c · Land, buildings and equipment, net
beginning of year $3,669,832 · end of year $4,151,948
-
17 · Accounts payable and accrued expenses
beginning of year $660,542 · end of year $792,102
-
25 · Other liabilities
beginning of year -$1,135,770 · end of year -$409,794
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $4,267,722 · end of year $4,311,169
Mission and programs · 2023
Mission
TITLE HOLDING COMPANY OPERATING TO MANAGE THE REAL AND PERSONAL PROPERTY THAT SERVES AS THE MAIN OFFICE FACILITY OF DELTA DENTAL OF RHODE ISLAND.
Activities or mission (Part I)
TITLE HOLDING COMPANY OPERATING TO MANAGE THE REAL AND PERSONAL PROPERTY (SEE SCHEDULE O) OF DELTA DENTAL OF RHODE ISLAND.
-
ALTUS REALTY, INC. IS AN ORGANIZATION RECOGNIZED AS EXEMPT FROM TAXATION AS DESCRIBED IN INTERNAL REVENUE CODE SECTION 501(C)(2). ALTUS REALTY, INC OPERATES AS A TITLE HOLDING COMPANY WHICH MANAGES THE REAL AND PERSONAL PROPERTY THAT SERVES AS THE MAIN OFFICE FACILITY OF DELTA DENTAL RHODE ISLAND.
As filed on the 2023 return.
Listed in Part VII
-
Joseph R PerroniJOSEPH R PERRONI
CEO & PRESIDENT
- Total calculated
- $879,358
- From this org
- $0
- From related orgs
- $809,177
- Other
- $70,181
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $608,509 related
- Bonus
- $0 + $189,852 related
- Other
- $0 + $10,816 related
- Deferred
- $0 + $42,222 related
- Nontaxable benefits
- $0 + $27,959 related
- Filer's total
- $0 + $879,358 related
-
Richard A FritzRICHARD A FRITZ
SR VP FINANCE & CFO
- Total calculated
- $560,672
- From this org
- $0
- From related orgs
- $496,121
- Other
- $64,551
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $406,367 related
- Bonus
- $0 + $78,358 related
- Other
- $0 + $11,396 related
- Deferred
- $0 + $41,364 related
- Nontaxable benefits
- $0 + $23,187 related
- Filer's total
- $0 + $560,672 related
-
George J BedardGEORGE J BEDARD
CONTROLLER (THRU 12/23)
- Total calculated
- $212,532
- From this org
- $0
- From related orgs
- $171,122
- Other
- $41,410
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $154,170 related
- Bonus
- $0 + $12,731 related
- Other
- $0 + $4,221 related
- Deferred
- $0 + $19,020 related
- Nontaxable benefits
- $0 + $22,390 related
- Filer's total
- $0 + $212,532 related
-
Melissa GennariMELISSA GENNARI
AVP & DIRECTOR COMPLIANCE
- Total calculated
- $189,146
- From this org
- $0
- From related orgs
- $170,380
- Other
- $18,766
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $155,387 related
- Bonus
- $0 + $13,642 related
- Other
- $0 + $1,351 related
- Deferred
- $0 + $17,877 related
- Nontaxable benefits
- $0 + $889 related
- Filer's total
- $0 + $189,146 related
-
Joseph NagleJOSEPH NAGLE
FORMER PRESIDENT & CEO (THRU 6/2019)
- Total calculated
- $123,562
- From this org
- $0
- From related orgs
- $123,562
- Other
- $0
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $0 + $123,562 related
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $123,562 related
-
John T RuggieriJOHN T RUGGIERI
CHAIR
- Total calculated
- $19,950
- From this org
- $0
- From related orgs
- $19,950
- Other
- $0
- Hours/week
- 1 + 1 related
-
James V RosatiJAMES V ROSATI
VICE CHAIR
- Total calculated
- $15,000
- From this org
- $0
- From related orgs
- $15,000
- Other
- $0
- Hours/week
- 1 + 1 related
-
Marc A PaulhusMARC A PAULHUS
DIRECTOR
- Total calculated
- $14,400
- From this org
- $0
- From related orgs
- $14,400
- Other
- $0
- Hours/week
- 1 + 1 related
-
Steven IssaSTEVEN ISSA
DIRECTOR
- Total calculated
- $13,800
- From this org
- $0
- From related orgs
- $13,800
- Other
- $0
- Hours/week
- 1 + 1 related
-
Edwin J SantosEDWIN J SANTOS
DIRECTOR
- Total calculated
- $12,600
- From this org
- $0
- From related orgs
- $12,600
- Other
- $0
- Hours/week
- 1 + 1 related
-
Colin P KaneCOLIN P KANE
DIRECTOR
- Total calculated
- $12,000
- From this org
- $0
- From related orgs
- $12,000
- Other
- $0
- Hours/week
- 1 + 1 related
-
Jonathan W HallJONATHAN W HALL
DIRECTOR
- Total calculated
- $11,400
- From this org
- $0
- From related orgs
- $11,400
- Other
- $0
- Hours/week
- 1 + 1 related
-
Junior JabbieJUNIOR JABBIE
DIRECTOR
- Total calculated
- $10,800
- From this org
- $0
- From related orgs
- $10,800
- Other
- $0
- Hours/week
- 1 + 1 related
-
Heather A ProvinoHEATHER A PROVINO
DIRECTOR
- Total calculated
- $10,800
- From this org
- $0
- From related orgs
- $10,800
- Other
- $0
- Hours/week
- 1 + 1 related
-
Elizabeth CatucciELIZABETH CATUCCI
DIRECTOR
- Total calculated
- $10,200
- From this org
- $0
- From related orgs
- $10,200
- Other
- $0
- Hours/week
- 1 + 1 related
-
Pete HayesPETE HAYES
DIRECTOR
- Total calculated
- $9,900
- From this org
- $0
- From related orgs
- $9,900
- Other
- $0
- Hours/week
- 1 + 1 related
-
Mark ShawMARK SHAW
DIRECTOR
- Total calculated
- $9,600
- From this org
- $0
- From related orgs
- $9,600
- Other
- $0
- Hours/week
- 1 + 1 related
-
Dr Thomas EnrightDR THOMAS ENRIGHT
VICE CHAIR
- Total calculated
- $9,000
- From this org
- $0
- From related orgs
- $9,000
- Other
- $0
- Hours/week
- 1 + 1 related
-
Christine GadboisCHRISTINE GADBOIS
DIRECTOR
- Total calculated
- $9,000
- From this org
- $0
- From related orgs
- $9,000
- Other
- $0
- Hours/week
- 1 + 1 related
-
Francis J FlynnFRANCIS J FLYNN
DIRECTOR
- Total calculated
- $7,050
- From this org
- $0
- From related orgs
- $7,050
- Other
- $0
- Hours/week
- 1 + 1 related
-
Michael F SabitoniMICHAEL F SABITONI
DIRECTOR (AS OF 04/23)
- Total calculated
- $3,000
- From this org
- $0
- From related orgs
- $3,000
- Other
- $0
- Hours/week
- 1 + 1 related
-
William LandryWILLIAM LANDRY
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 1 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- PART I, LINE 3:
- METHODS USED TO ESTABLISH COMPENSATION THE OFFICERS AND DIRECTORS OF THE ORGANIZATION ARE ALSO OFFICERS AND DIRECTORS OF DELTA DENTAL OF RHODE ISLAND (DDRI), A RELATED TAX EXEMPT ORGANIZATION, AND RECEIVE COMPENSATION FROM DDRI. DDRI ESTABLISHES THE CEO'S COMPENSATION USING A COMPENSATION COMMITTEE, AN INDEPENDENT COMPENSATION CONSULTANT, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
- PART I, LINE 4B:
- DURING THE 2023 CALENDAR YEAR, DELTA DENTAL OF RHODE ISLAND, A RELATED ORGANIZATION, MAINTAINED A SUPPLEMENTAL NON-QUALIFIED DEFERRED COMPENSATION PLAN FOR JOSEPH R. PERRONI, RICHARD A. FRITZ, AND JOSEPH NAGLE. DURING 2023, JOSEPH NAGLE RECEIVED A $123,562 DISTRIBUTION FROM THE PLAN.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(4) · INSURANCE · RI
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
THE ALTUS GROUP INC
C · HOLDING COMPANY · RI
Directly controlled by DDRI
-
ALTUS DENTAL INC
C · DENTAL NETWORK · MA
Directly controlled by ALTUS GROUP INC
-
ALTUS VENTURES INC
C · INVESTMENT MGNT · RI
Directly controlled by ALTUS GROUP INC
-
ALTUS DENTAL INSURANCE CO INC
C · INSURANCE · RI
Directly controlled by ALTUS GROUP INC
-
ALTUS SYSTEMS INC
C · CLAIMS PROCESSING · RI
Directly controlled by ALTUS GROUP INC
-
FIRST CIRCLE INC
C · SOFTWARE PLATFORM · RI
Directly controlled by ALTUS GROUP INC
-
FIRST CIRCLE REALTY INC
C · MGMT. PROP. · RI
Directly controlled by ALTUS GROUP INC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413199349303091
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