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Nonprofiteer
← FOUNDATION FOR URBAN HEALTH AND WELL BEING

Form 990 for tax year 2024

Filed by FOUNDATION FOR URBAN HEALTH AND WELL BEING.

Totals

Total revenue
$12,888,965
Total expenses
$28,669,734
Contributions and grants received
$487,548
Grants paid
$27,888,805
Program service revenue
$0
Investment income
$12,557,068
Other revenue
-$155,651
Total assets, end of year
$35,009,091
Total liabilities, end of year
$7,796,600
Net assets or fund balances, end of year
$27,212,491
Program services expenses (Part IX)
$27,888,805
Management and general expenses
$780,929
Fundraising expenses
$0
Program service expenses (Part III)
$27,888,805

Program services were 97.3% 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

    $313,157

  • 1d · Related organizations

    $173,391

  • 1f · All other contributions, gifts and grants

    $1,000

  • 3 · Investment income

    total $1,205,672 · excluded $1,205,672

  • 7a · Gross sales of assets other than inventory

    securities $18,753,261 · other assets $9,440,000

  • 7b · Less cost or other basis and sales expenses

    securities $16,841,865 · other assets $0

  • 7c · Gain or loss

    securities $1,911,396 · other assets $9,440,000

  • 7d · Net gain or loss

    total $11,351,396 · excluded $11,351,396

  • 8a · Fundraising events: gross income

    $100,800

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

    $313,157

  • 8b · Fundraising events: direct expenses

    $256,451

  • 8c · Net income from fundraising events

    total -$155,651 · excluded -$155,651

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $27,888,805 · program services $27,888,805

  • 11c · Fees: accounting

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

  • 11f · Fees: investment management

    total $259,639 · management and general $259,639

  • 11g · Fees: other

    total $8,038 · management and general $8,038

  • 13 · Office expenses

    total $2,750 · management and general $2,750

  • 20 · Interest

    total $500,250 · management and general $500,250

  • 23 · Insurance

    total $2,004 · management and general $2,004

  • 24a · Other expenses: DUES, FEES AND SUBSCRIP

    total $248 · management and general $248

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,037,934 · end of year $168,995

  • 2 · Savings and temporary cash investments

    beginning of year $504,265 · end of year $441,742

  • 3 · Pledges and grants receivable

    end of year $1,000

  • 7 · Other notes and loans receivable

    beginning of year $7,292,800 · end of year $7,292,800

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,787 · end of year $1,787

  • 11 · Investments: publicly traded securities

    beginning of year $38,897,895 · end of year $25,718,728

  • 12 · Investments: other securities

    beginning of year $410,941 · end of year $1,297,247

  • 15 · Other assets

    beginning of year $339,743 · end of year $86,792

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,230 · end of year $5,208

  • 23 · Secured mortgages and notes payable

    beginning of year $5,783,236 · end of year $5,834,024

  • 25 · Other liabilities

    beginning of year $1,960,835 · end of year $1,957,368

  • 27 · Net assets without donor restrictions

    beginning of year $39,672,441 · end of year $27,183,035

  • 28 · Net assets with donor restrictions

    beginning of year $1,061,623 · end of year $29,456

Mission and programs · 2024

Mission

TO PROMOTE THE HEALTHY WELL-BEING OF THE RESIDENTS OF THE CITY OF NEW YORK, SUPPORT ACCESS TO PROGRAMS ADDRESSING THE NEEDS OF MEDICALLY INDIGENT RESIDENTS, AND CONDUCT LAWFUL ACTIVITIES FOR CHARITABLE PURPOSES, IN ALIGNMENT WITH THE GOALS OF URBAN HEALTH PLAN, INC.

Activities or mission (Part I)

TO IMPROVE THE WELL-BEING OF NYC RESIDENTS, PARTICULARLY THE MEDICALLY INDIGENT, THROUGH CHARITABLE ACTIVITIES IN COLLABORATION WITH URBAN HEALTH PLAN, INC.

  • ASSISTED WITH THE FINANCING STRUCTURE OF THE NEW MARKET TAX CREDIT DEAL AND THE CONSTRUCTION OF A NEW MEDICAL FACILITY WITH ITS PARENT COMPANY, URBAN HEALTH PLAN, INC.

    Expenses $27,888,805 · Grants $27,888,805

As filed on the 2024 return.

Listed in Part VII

  • CLIFFORD CHARLES

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • FRANCIA CASTRO

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • PALOMA HERNANDEZ

    PRESIDENT & CEO

    Total calculated
    $998,976
    From this org
    $0
    From related orgs
    $941,132
    Other
    $57,844
    Hours/week
    5 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $530,176 related
    Bonus
    $0 + $100,000 related
    Other
    $0 + $310,956 related
    Deferred
    $0 + $33,350 related
    Nontaxable benefits
    $0 + $24,494 related
    Filer's total
    $0 + $998,976 related

  • ROSEMARIE LONGO

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • PAUL ACINAPURA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BERENICE DIAZ

    VP OF FINANCE & CFO

    Total calculated
    $587,505
    From this org
    $0
    From related orgs
    $493,521
    Other
    $93,984
    Hours/week
    5 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $366,812 related
    Bonus
    $0 + $25,000 related
    Other
    $0 + $101,709 related
    Deferred
    $0 + $33,350 related
    Nontaxable benefits
    $0 + $60,634 related
    Filer's total
    $0 + $587,505 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
  • 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

The filer's explanations (Part III)

PART I, LINE 3
ALL COMPENSATION IS DETERMINED BY A RELATED ORGANIZATION USING THE FOLLOWING: THE COMPENSATION COMMITTEE OF THE BOARD REVIEWS AND RECOMMENDS THE SALARY LEVEL OF THE CEO AFTER REVIEWING COMPETITIVE SALARY LEVELS AT SIMILAR ORGANIZATIONS AND COMPENSATION SURVEYS, AS WELL AS CONSIDERING THE PERFORMANCE OF THE INDIVIDUAL.
PART I, LINE 4B
PALOMA HERNANDEZ PARTICIPATES IN A 457(F) RETIREMENT PLAN. IN 2024, RECEIVED DISTRIBUTION OF $$287,956.

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

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
2024
Filed
31 October 2025
IRS schema version
2024v5.2
Source object
202543049349302214

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