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← HCA BUILDING COMPANY

Form 990 for tax year 2022

Filed by HCA BUILDING COMPANY.

Totals

Total revenue
$1,434,429
Total expenses
$2,075,377
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,318,182
Investment income
$116,247
Other revenue
$0
Total assets, end of year
$26,604,497
Total liabilities, end of year
$29,880,991
Net assets or fund balances, end of year
-$3,276,494
Program services expenses (Part IX)
$1,987,426
Management and general expenses
$87,951
Fundraising expenses
$0
Program service expenses (Part III)
$1,987,426

Program services were 95.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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 $1,318,182 · related or exempt $1,318,182

  • 3 · Investment income

    total $116,247 · excluded $116,247

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $8,000 · management and general $8,000

  • 11g · Fees: other

    total $79,951 · management and general $79,951

  • 20 · Interest

    total $1,423,694 · program services $1,423,694

  • 22 · Depreciation, depletion and amortization

    total $529,736 · program services $529,736

  • 23 · Insurance

    total $17,900 · program services $17,900

  • 24a · Other expenses: SMALL EQUIPMENT

    total $13,371 · program services $13,371

  • 24e · All other expenses

    total $2,725 · program services $2,725

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $391 · end of year $146

  • 2 · Savings and temporary cash investments

    beginning of year $4,271,324 · end of year $3,685,398

  • 10a · Land, buildings and equipment: cost or other basis

    $26,791,489

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,872,536

  • 10c · Land, buildings and equipment, net

    beginning of year $23,282,803 · end of year $22,918,953

  • 15 · Other assets

    beginning of year $80,441 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $119,380 · end of year $118,580

  • 20 · Tax-exempt bond liabilities

    beginning of year $29,980,739 · end of year $29,635,640

  • 25 · Other liabilities

    beginning of year $170,386 · end of year $126,771

  • 29 · Capital stock, trust principal or current funds

    beginning of year $1,520,193 · end of year $3,440,193

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year -$4,155,739 · end of year -$6,716,687

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

HCA BUILDING COMPANY WILL MANAGE AND MAINTAIN OWNED PROPERTY WHICH IS LEASED TO HOPE COMMUNITY ACADEMY.

Activities or mission (Part I)

TO MANAGE AND MAINTAIN PROPERTY WHICH IS LEASED TO HOPE COMMUNITY ACADEMY.

  • HCA BUILDING COMPANY WILL MAINTAIN PROPERTY TO BE LEASED AS SCHOOL FACILITIES FOR HOPE COMMUNITY ACADEMY.

    Expenses $1,987,426 · Revenue $1,318,182

As filed on the 2022 return.

Listed in Part VII

  • MORGAN THAO

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • MAYCHY VU

    BOARD CHAIR

    Total calculated
    $164,310
    From this org
    $0
    From related orgs
    $133,240
    Other
    $31,070
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $133,240 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $11,986 related
    Nontaxable benefits
    $0 + $19,084 related
    Filer's total
    $0 + $164,310 related

  • JENNY ABBS

    TREASURER

    Total calculated
    $0
    Hours/week
    1

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

  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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.

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202441369349301629

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