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← QCH FOUNDATION INC

Form 990 for tax year 2022

Filed by QCH FOUNDATION INC.

Totals

Total revenue
$69,993
Total expenses
$299,606
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$69,993
Other revenue
$0
Total assets, end of year
$5,214,790
Total liabilities, end of year
$5,150,906
Net assets or fund balances, end of year
$63,884
Program services expenses (Part IX)
$0
Management and general expenses
$299,606
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 3 · Investment income

    total $69,993 · excluded $69,993

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $15,000 · management and general $15,000

  • 20 · Interest

    total $284,606 · management and general $284,606

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $121,662 · end of year $69,993

  • 4 · Accounts receivable

    beginning of year $34,997 · end of year $34,997

  • 7 · Other notes and loans receivable

    beginning of year $5,109,800 · end of year $5,109,800

  • 17 · Accounts payable and accrued expenses

    beginning of year $28,235 · end of year $15,150

  • 24 · Unsecured notes and loans payable

    beginning of year $4,944,727 · end of year $5,135,756

  • 27 · Net assets without donor restrictions

    beginning of year $293,497 · end of year $63,884

Mission and programs · 2022

Mission

THE ORGANIZATION'S PRIMARY MISSION IS, FOR THE BENEFIT OF QUEENS COMMUNITY HOUSE, TO FACILITATE FINANCING CONSTRUCTION AND SUPPORT OF A FACILITY LOCATED AT 108-25 62ND DRIVE, QUEENS, NEW YORK 11375 OF NEW YORK FOR THE PROVISION OF A COMMUNITY FACILITY IN SUPPORT OF QCH'S CHARITABLE PURPOSES.

Activities or mission (Part I)

FACILITATE FINANCING, CONSTRUCTION AND SUPPORT OF A FACILITY FOR QUEENS COMMUNITY HOUSE.

  • FACILITATION OF FINANCING, CONSTRUCTION AND SUPPORT OF A FACILITY FOR THE PROVISION OF A COMMUNITY FACILITY IN SUPPORT OF QUEENS COMMUNITY HOUSE'S CHARITABLE PURPOSES.

    Revenue $69,993

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ben Thomases

    PRESIDENT

    Total calculated
    $296,753
    From this org
    $0
    From related orgs
    $285,004
    Other
    $11,749
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $273,004 related
    Bonus
    $0 + $12,000 related
    Other
    $0
    Deferred
    $0 + $4,966 related
    Nontaxable benefits
    $0 + $6,783 related
    Filer's total
    $0 + $296,753 related

  • Michael Stellman

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Sara Rakita

    SECRETARY

    Total calculated
    $205,614
    From this org
    $0
    From related orgs
    $137,442
    Other
    $68,172
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $137,442 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $19,500 related
    Nontaxable benefits
    $0 + $48,672 related
    Filer's total
    $0 + $205,614 related

  • Irma Rodriguez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • O Lewis Harris

    DIRECTOR

    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

None.

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 March 2024
IRS schema version
2022v5.0
Source object
202400749349301540

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