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← MHHC FOUNDATION INC

Form 990 for tax year 2022

Filed by MHHC FOUNDATION INC.

Totals

Total revenue
$2,291,585
Total expenses
$1,372,505
Contributions and grants received
$292,309
Grants paid
$1,038,800
Program service revenue
$0
Investment income
$1,847,362
Other revenue
$151,914
Total assets, end of year
$74,280,167
Total liabilities, end of year
$459,733
Net assets or fund balances, end of year
$73,820,434
Program services expenses (Part IX)
$1,072,001
Management and general expenses
$300,504
Fundraising expenses
$0
Program service expenses (Part III)
$1,072,001

Program services were 78.1% 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.

  • 1c · Fundraising events

    $279,007

  • 1f · All other contributions, gifts and grants

    $13,302

  • 3 · Investment income

    total $1,847,362 · excluded $1,847,362

  • 6a · Gross rents

    real property $224,512

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $224,512

  • 6d · Net rental income or loss

    total $224,512 · excluded $224,512

  • 8a · Fundraising events: gross income

    $45,000

  • 8a · Fundraising events: contributions included on line 1c

    $279,007

  • 8b · Fundraising events: direct expenses

    $117,598

  • 8c · Net income from fundraising events

    total -$72,598 · excluded -$72,598

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,038,800 · program services $1,038,800

  • 11a · Fees: management

    total $234,924 · management and general $234,924

  • 11g · Fees: other

    total $53,546 · management and general $53,546

  • 12 · Advertising and promotion

    total $7,864 · management and general $7,864

  • 24a · Other expenses: SPECIAL EVENTS

    total $25,437 · program services $25,437

  • 24b · Other expenses: BAD DEBTS

    total $7,764 · program services $7,764

  • 24e · All other expenses

    total $4,170 · management and general $4,170

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,525,238 · end of year $1,070,206

  • 2 · Savings and temporary cash investments

    beginning of year $70,387,411 · end of year $71,854,574

  • 3 · Pledges and grants receivable

    beginning of year $182,086 · end of year $70,905

  • 9 · Prepaid expenses and deferred charges

    beginning of year $15,350 · end of year $14,000

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

    $194,493

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

    $80,882

  • 10c · Land, buildings and equipment, net

    beginning of year $113,611 · end of year $113,611

  • 11 · Investments: publicly traded securities

    beginning of year $1,072,712 · end of year $1,107,388

  • 15 · Other assets

    beginning of year $95,798 · end of year $49,483

  • 17 · Accounts payable and accrued expenses

    beginning of year $28,795

  • 25 · Other liabilities

    beginning of year $811 · end of year $459,733

  • 27 · Net assets without donor restrictions

    beginning of year $73,329,290 · end of year $73,787,124

  • 28 · Net assets with donor restrictions

    beginning of year $33,310 · end of year $33,310

Mission and programs · 2022

Mission

THE FOUNDATION IS A CHARITABLE ORGANIZATION DEDICATED TO SUPPORTING THE MISSION OF THE MORRIS HEIGHTS HEALTH CENTER AND FUNDING INITIATIVES DESIGNED TO FOSTER GOOD HEALTH, SOCIAL EQUALITY, AND EDUCATIONAL OPPORTUNITY.

  • THE FOUNDATIONS SOLICITS CONTRIBUTIONS TO SUPPORT THE INITIATIVES AT THE MORRIS HEIGHTS HEALTH CENTER AND IN THE COMMUNITY.

    Expenses $1,072,001 · Grants $1,038,800

As filed on the 2022 return.

Listed in Part VII

  • Andre Vanterpool

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Mari G Millet

    PRES./CEO & EX OFFICIO

    Total calculated
    $0
    Hours/week
    1

  • Robert W Mercedes Ms

    INTERIM CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Ted Yu

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Wanda Matos Taveras

    BOARD MEMBER

    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.

Grants on this return

  • MORRIS HEIGHTS HEALTH CENTER

    $1,000,000

    TP SUPPORT THE HEALTH CENTER.

  • ARRAY ENTERPRISES INC

    $29,800

    PUCHASED TURKEY GIFT VOUCHERS TO DISTRIBUTE TO COMMUNITY.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202421369349319502

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