Form 990 for tax year 2022
Filed by COMMUNITY HEALTH CENTER CAPITAL FUND INC.
Totals
- Total revenue
- $4,567,435
- Total expenses
- $2,422,121
- Contributions and grants received
- $1,547,462
- Grants paid
- $94,361
- Program service revenue
- $3,008,319
- Investment income
- $11,654
- Other revenue
- $0
- Total assets, end of year
- $22,910,777
- Total liabilities, end of year
- $11,717,414
- Net assets or fund balances, end of year
- $11,193,363
- Program services expenses (Part IX)
- $1,845,377
- Management and general expenses
- $576,744
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,845,377
Program services were 76.2% 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.
-
1e · Government grants (contributions)
$560,000
-
1f · All other contributions, gifts and grants
$987,462
-
2a · Program service revenue: LOAN PROGRAM FEES
total $1,726,229 · related or exempt $1,726,229
-
2b · Program service revenue: INTEREST INCOME FROM L
total $1,274,208 · related or exempt $1,274,208
-
2c · Program service revenue: LOAN MONITORING AND SE
total $7,882 · related or exempt $7,882
-
3 · Investment income
total $11,654 · excluded $11,654
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $94,361 · program services $94,361
-
11b · Fees: legal
total $30,718 · program services $20,743 · management and general $9,975
-
11c · Fees: accounting
total $99,049 · program services $66,886 · management and general $32,163
-
11g · Fees: other
total $1,442,101 · program services $961,168 · management and general $480,933
-
12 · Advertising and promotion
total $3,150 · program services $2,140 · management and general $1,010
-
13 · Office expenses
total $42,828 · program services $29,093 · management and general $13,735
-
14 · Information technology
total $26,598 · program services $18,067 · management and general $8,531
-
16 · Occupancy
total $48,562 · program services $32,986 · management and general $15,576
-
19 · Conferences, conventions and meetings
total $27,509 · program services $24,932 · management and general $2,577
-
20 · Interest
total $539,860 · program services $539,860
-
23 · Insurance
total $17,551 · program services $11,922 · management and general $5,629
-
24e · All other expenses
total $49,834 · program services $43,219 · management and general $6,615
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,906,169 · end of year $1,296,165
-
2 · Savings and temporary cash investments
beginning of year $686,167 · end of year $20,503
-
4 · Accounts receivable
beginning of year $287,195 · end of year $297,212
-
13 · Investments: program-related
beginning of year $14,352,184 · end of year $21,296,897
-
17 · Accounts payable and accrued expenses
beginning of year $22,670 · end of year $31,392
-
19 · Deferred revenue
end of year $25,000
-
23 · Secured mortgages and notes payable
beginning of year $2,266,376 · end of year $4,756,250
-
24 · Unsecured notes and loans payable
beginning of year $5,837,268 · end of year $6,837,268
-
25 · Other liabilities
beginning of year $52,128 · end of year $67,504
-
27 · Net assets without donor restrictions
beginning of year $9,053,273 · end of year $10,707,938
-
28 · Net assets with donor restrictions
end of year $485,425
Mission and programs · 2022
Mission
COMMUNITY HEALTH CENTER CAPITAL FUND, INC. ASSISTS COMMUNITY HEALTH CENTERS IN ACCESSING CAPITAL FOR BUILDING AND EQUIPMENT PROJECTS.
Activities or mission (Part I)
ASSIST COMMUNITY HEALTH CENTERS IN ACCESSING CAPITAL.
-
COMMUNITY HEALTH CENTER CAPITAL FUND IS DEDICATED TO SUPPORTING THE GROWTH AND DEVELOPMENT OF FEDERALLY QUALIFIED HEALTH CENTERS BY PROVIDING LOANS AND LOAN PROGRAMS STRUCTURED TO MEET HEALTH CENTERS' NEEDS AND BY COLLABORATING WITH OTHERS TO ADVANCE THE PRACTICE OF RESPONSIVE LENDING TO THE HEALTH CENTER SECTOR.
Expenses $1,845,377 · Grants $94,361 · Revenue $3,008,319
As filed on the 2022 return.
Listed in Part VII
-
E BENJAMIN MONEY JR
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
JAMES W HUNT JR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
LINDY HAHN
OUTGOING BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
MELVIN BENSON
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
MICHAEL BEACHLER
OUTGOING BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
MICHAEL CURRY ESQ
CHAIR
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
NONI RAMOS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
SABRINA STRATTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
STEPHEN LEONARD
CLERK
- Total calculated
- $0
- Hours/week
- 0.5
-
ALLISON COLEMAN
OUTGOING CEO
- Total calculated
- $918,146
- From this org
- $0
- From related orgs
- $887,382
- Other
- $30,764
- Hours/week
- 17.5 + 17.5 related
Schedule J breakdown matched by us
- Base
- $0 + $841,036 related
- Bonus
- $0 + $36,783 related
- Other
- $0 + $9,563 related
- Deferred
- $0 + $21,350 related
- Nontaxable benefits
- $0 + $9,414 related
- Filer's total
- $0 + $918,146 related
-
REBECCA REGAN
CEO
- Total calculated
- $179,173
- From this org
- $0
- From related orgs
- $160,066
- Other
- $19,107
- Hours/week
- 17.5 + 17.5 related
Schedule J breakdown matched by us
- Base
- $0 + $159,647 related
- Bonus
- $0
- Other
- $0 + $419 related
- Deferred
- $0 + $5,359 related
- Nontaxable benefits
- $0 + $13,748 related
- Filer's total
- $0 + $179,173 related
-
SUSAN PETRIE
OUTGOING COO
- Total calculated
- $343,024
- From this org
- $0
- From related orgs
- $295,519
- Other
- $47,505
- Hours/week
- 5 + 30 related
Schedule J breakdown matched by us
- Base
- $0 + $265,372 related
- Bonus
- $0 + $29,276 related
- Other
- $0 + $871 related
- Deferred
- $0 + $18,292 related
- Nontaxable benefits
- $0 + $29,213 related
- Filer's total
- $0 + $343,024 related
-
BRANDON BOYLE
DIRECTOR OF LOAN PROGRAMS
- Total calculated
- $237,998
- From this org
- $0
- From related orgs
- $196,281
- Other
- $41,717
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $0 + $177,230 related
- Bonus
- $0 + $18,346 related
- Other
- $0 + $705 related
- Deferred
- $0 + $14,004 related
- Nontaxable benefits
- $0 + $27,713 related
- Filer's total
- $0 + $237,998 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 4B
- THE FOLLOWING INDIVIDUALS PARTICPATE IN 457(F) PLAN: - ALLISON COLEMAN, OUTGOING CHIEF EXECUTIVE OFFICER - SUSAN PETRIE, CHIEF OPERATING OFFICER - JONATHAN CHAPMAN, CHIEF PROJECT OFFICER - BRANDON BOYLE, DIRECTOR OF LOAN PROGRAMS IN 2022, ALLISON COLEMAN HAD VESTED AMOUNT $254,399. AMOUNT IS INCLUDED ON SCHEDULE J, PART II, COLUMN B(III),
- PART 1, LINE 3:
- CAPITAL LINK, A RELATED ORGANIZATION, USED THE FOLLOWING TO ESTABLISH THE COMPENSAITON OF THE ORGANIZATION'S CEO/EXECUTIVE DIRECTOR: COMPENSATION SURVEY OR STUDY, FORM 990 OF OTHER ORGANIZATIONS, AND COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
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
-
$94,361
NEW MARKETS READINESS GRANT
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.
-
501(C)(3) · TECHNICAL ASSISTANCE · MA
Directly controlled by THE MASSACHUSETTS LEAGUE OF COMMUNITY HEALTH
-
MASS LEAGUE OF COMMUNITY HEALTH CENTERS
501(C)(3) · ASSISTANCE TO COMMUNITY HEALTH CENTERS · MA
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
RELATED · TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · DE · 0.01% owned · share of income $12 · share of assets $6,031 · general or managing partner
Directly controlled by COMMUNITY HEALTH CENTER CAPITAL FUND
-
RELATED · TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · DE · 0.01% owned · share of income $6 · share of assets $748 · general or managing partner
Directly controlled by COMMUNITY HEALTH CENTER CAPITAL FUND
-
RELATED · TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · DE · 0.01% owned · share of income $8 · share of assets $12,150 · general or managing partner
Directly controlled by COMMUNITY HEALTH CENTER CAPITAL FUND
-
RELATED · TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · DE · 0.01% owned · share of income $6 · share of assets $9,855 · general or managing partner
Directly controlled by COMMUNITY HEALTH CENTER CAPITAL FUND
-
RELATED · TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · DE · 0.01% owned · share of income $6 · share of assets $8,775 · general or managing partner
Directly controlled by COMMUNITY HEALTH CENTER CAPITAL FUND
-
RELATED · TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · DE · 0.01% owned · share of income $6 · share of assets $10,125 · general or managing partner
Directly controlled by COMMUNITY HEALTH CENTER CAPITAL FUND
-
RELATED · TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · DE · 0.01% owned · share of income $10 · share of assets $16,470 · general or managing partner
Directly controlled by COMMUNITY HEALTH CENTER CAPITAL FUND
-
RELATED · TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · DE · 0.01% owned · share of income $6 · share of assets $3,146 · general or managing partner
Directly controlled by COMMUNITY HEALTH CENTER CAPITAL FUND
-
RELATED · TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · DE · 0.01% owned · share of income $7 · share of assets $5,383 · general or managing partner
Directly controlled by COMMUNITY HEALTH CENTER CAPITAL FUND
-
RELATED · TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · DE · 0.01% owned · share of income $14 · share of assets $12,715 · general or managing partner
Directly controlled by COMMUNITY HEALTH CENTER CAPITAL FUND
-
RELATED · TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · DE · 0.01% owned · share of income $9 · share of assets $2,583 · general or managing partner
Directly controlled by COMMUNITY HEALTH CENTER CAPITAL FUND
-
RELATED · TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · DE · 0.01% owned · share of income $5 · share of assets $4,393 · general or managing partner
Directly controlled by COMMUNITY HEALTH CENTER CAPITAL FUND
-
RELATED · TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · DE · 0.01% owned · share of income $6 · share of assets $3,614 · general or managing partner
Directly controlled by COMMUNITY HEALTH CENTER CAPITAL FUND
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
C · TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · DE · 65% owned · share of income $129,025 · share of assets $5,079,446 · controlled entity
Directly controlled by COMMUNITY HEALTH CENTER CAPITAL FUND
-
C · TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · DE · 65% owned · share of income $85,150 · share of assets $5,536,107 · controlled entity
Directly controlled by COMMUNITY HEALTH CENTER CAPITAL FUND
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 10 April 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401029349300700
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