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Nonprofiteer
← FOUNDATION FOR HUMAN DEVELOPMENT

Form 990 for tax year 2023

Filed by FOUNDATION FOR HUMAN DEVELOPMENT.

Totals

Total revenue
$2,172,542
Total expenses
$1,152,795
Contributions and grants received
$0
Grants paid
$567,500
Program service revenue
$0
Investment income
$1,595,389
Other revenue
$577,153
Total assets, end of year
$26,588,722
Total liabilities, end of year
$5,817,676
Net assets or fund balances, end of year
$20,771,046
Program services expenses (Part IX)
$588,903
Management and general expenses
$563,892
Fundraising expenses
$0
Program service expenses (Part III)
$588,903

Program services were 51.1% 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.

  • 3 · Investment income

    total $628,420 · excluded $628,420

  • 6a · Gross rents

    real property $1,449,270

  • 6b · Less rental expenses

    real property $872,117

  • 6c · Rental income or loss

    real property $577,153

  • 6d · Net rental income or loss

    total $577,153 · excluded $577,153

  • 7a · Gross sales of assets other than inventory

    securities $3,729,513 · other assets $310,381

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

    securities $3,037,921 · other assets $35,004

  • 7c · Gain or loss

    securities $691,592 · other assets $275,377

  • 7d · Net gain or loss

    total $966,969 · excluded $966,969

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $567,500 · program services $567,500

  • 5 · Compensation of officers, directors and key employees

    total $50,904 · management and general $50,904

  • 11a · Fees: management

    total $141,949 · program services $21,403 · management and general $120,546

  • 11c · Fees: accounting

    total $15,974 · management and general $15,974

  • 16 · Occupancy

    total $36,706 · management and general $36,706

  • 20 · Interest

    total $312,971 · management and general $312,971

  • 22 · Depreciation, depletion and amortization

    total $3,688 · management and general $3,688

  • 23 · Insurance

    total $5,339 · management and general $5,339

  • 24a · Other expenses: MISCELLANEOUS

    total $17,764 · management and general $17,764

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,187,091 · end of year $1,170,124

  • 7 · Other notes and loans receivable

    beginning of year $526,424 · end of year $415,710

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

    $15,973,883

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

    $7,700,473

  • 10c · Land, buildings and equipment, net

    beginning of year $8,429,518 · end of year $8,273,410

  • 11 · Investments: publicly traded securities

    beginning of year $14,572,443 · end of year $16,670,717

  • 15 · Other assets

    beginning of year $74,427 · end of year $58,761

  • 17 · Accounts payable and accrued expenses

    beginning of year $545,115 · end of year $526,069

  • 24 · Unsecured notes and loans payable

    beginning of year $5,200,000 · end of year $5,200,000

  • 25 · Other liabilities

    beginning of year $127,839 · end of year $91,607

  • 27 · Net assets without donor restrictions

    beginning of year $18,916,949 · end of year $20,771,046

Mission and programs · 2023

Mission

THE FOUNDATION RECEIVES AND MAINTAINS FUNDS, OF REAL OR PERSONAL PROPERTY, AND TO USE AND APPLY THE WHOLE OF THE INCOME THERE FROM AND THE PRINCIPAL THEREOF, EXCLUSIVELY TO PROMOTE THE GENERAL WELFARE OF PERSONS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES; TO FOSTER THE DEVELOPMENT OF PROGRAMS IN THEIR BEHALF; TO ENCOURAGE RESEARCH RELATED TO DEVELOPMENTAL DISABILITIES; TO ADVISE AND AID PARENTS IN THE SOLUTION OF THEIR PROBLEMS AND TO COORDINATE THEIR EFFORTS AND ACTIVITIES; TO DEVELOP A BETTER UNDERSTANDING OF THE PROBLEMS OF INTELLECTUAL AND DEVELOPMENTAL DISABILITIES BY THE PUBLIC; TO COOPERATE WITH PUBLIC, PRIVATE, AND RELIGIOUS AGENCIES AND PROFESSIONAL GROUPS IN THE FURTHERANCE OF THESE ENDS; TO ASSOCIATE WITH AND SUPPORT FINANCIALLY THE STATE AND NATIONAL ASSOCIATIONS; TO PROMOTE THE COMMON CAUSE; TO SERVE LOCALLY AS A CLEARINGHOUSE FOR GATHERING AND GIVING OUT INFORMATION REGARDING THE PERSONS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES.

  • TO PROMOTE THE GENERAL WELFARE OF PERSONS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES; TO FOSTER THE DEVELOPMENT OF PROGRAMS IN THEIR BEHALF; TO ENCOURAGE RESEARCH RELATED TO DEVELOPMENTAL DISABILITIES; TO ADVISE AND AID PARENTS IN THE SOLUTION OF THEIR PROBLEMS AND TO COORDINATE THEIR EFFORTS AND ACTIVITIES; TO DEVELOP A BETTER UNDERSTANDING OF THE PROBLEMS OF INTELLECTUAL AND DEVELOPMENTAL DISABILITIES BY THE PUBLIC; TO COOPERATE WITH PUBLIC, PRIVATE, AND RELIGIOUS AGENCIES AND PROFESSIONAL GROUPS IN THE FURTHERANCE OF THESE ENDS; TO ASSOCIATE WITH AND SUPPORT FINANCIALLY THE STATE AND NATIONAL ASSOCIATIONS; TO PROMOTE THE COMMON CAUSE; TO SERVE LOCALLY AS A CLEARINGHOUSE FOR GATHERING AND GIVING OUT INFORMATION REGARDING THE PERSONS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES.

    Expenses $588,903 · Grants $567,500

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Raymond Scannell

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Maureen Collins

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Kristin MacRae

    DIRECTOR, FORMER CEO

    Total calculated
    $0
    Hours/week
    1

  • Joseph Monahan

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Christopher Mullen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Greg Warsek

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ellen Carnahan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Maureen Conway

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Mazur

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Carl La Mell

    CEO

    Total calculated
    $50,000
    From this org
    $50,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    25

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

Provenance

Return type
form_990
Tax year
2023
Filed
25 June 2024
IRS schema version
2023v5.1
Source object
202402069349301500

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