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Nonprofiteer
← GREENWOOD HOUSE FOUNDATION INC

Form 990 for tax year 2022

Filed by GREENWOOD HOUSE FOUNDATION INC.

Totals

Total revenue
$731,987
Total expenses
$863,546
Contributions and grants received
$508,919
Grants paid
$811,365
Program service revenue
$0
Investment income
$223,068
Other revenue
$0
Total assets, end of year
$5,861,264
Total liabilities, end of year
$95,247
Net assets or fund balances, end of year
$5,766,017
Program services expenses (Part IX)
$811,365
Management and general expenses
$52,181
Fundraising expenses
$0
Program service expenses (Part III)
$811,365

Program services were 94.0% 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.

  • 1f · All other contributions, gifts and grants

    $508,919

  • 3 · Investment income

    total $100,161 · excluded $100,161

  • 7a · Gross sales of assets other than inventory

    securities $1,296,336

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

    securities $1,173,429

  • 7c · Gain or loss

    securities $122,907

  • 7d · Net gain or loss

    total $122,907 · excluded $122,907

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $809,865 · program services $809,865

  • 2 · Grants to domestic individuals

    total $1,500 · program services $1,500

  • 11c · Fees: accounting

    total $12,057 · management and general $12,057

  • 11g · Fees: other

    total $27,906 · management and general $27,906

  • 12 · Advertising and promotion

    total $75 · management and general $75

  • 13 · Office expenses

    total $12,143 · management and general $12,143

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $655,510 · end of year $201,135

  • 4 · Accounts receivable

    beginning of year $600,000 · end of year $669,837

  • 11 · Investments: publicly traded securities

    beginning of year $6,017,029 · end of year $4,887,282

  • 15 · Other assets

    beginning of year $94,027 · end of year $103,010

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,100 · end of year $25,374

  • 25 · Other liabilities

    beginning of year $134,320 · end of year $69,873

  • 27 · Net assets without donor restrictions

    beginning of year $6,281,277 · end of year $5,007,022

  • 28 · Net assets with donor restrictions

    beginning of year $933,869 · end of year $758,995

Mission and programs · 2022

Mission

GREENWOOD HOUSE FOUNDATION, INC.'S (FOUNDATION) MISSION IS TO PROVIDE FINANCIAL AND OTHER SUPPORT FOR THE CAUSES OF THE AGED IN ITS COMMUNITY; THIS IS ACCOMPLISHED PRIMARILY BY MAKING CONTRIBUTIONS TO GREENWOOD HOUSE, HOME FOR JEWISH AGED, A 501(C)(3) PUBLIC CHARITY.

Activities or mission (Part I)

TO SUPPORT THE AGED COMMUNITY, WITH SPECIFIC EMPHASIS TO GREENWOOD HOUSE, HOME FOR THE JEWISH AGED

  • TO PROVIDE FINANCIAL AND OTHER SUPPORT FOR THE CAUSES OF THE AGED IN ITS COMMUNITY.

    Expenses $811,365 · Grants $811,365

As filed on the 2022 return.

Listed in Part VII

  • Jeffrey Perlman

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Richard S Goldstein

    SECRETARY/TREASURER

    Total calculated
    $244,400
    From this org
    $0
    From related orgs
    $231,379
    Other
    $13,021
    Hours/week
    0.8 + 52 related

    Schedule J breakdown matched by us

    Base
    $0 + $231,379 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $4,627 related
    Nontaxable benefits
    $0 + $8,394 related
    Filer's total
    $0 + $244,400 related

  • Howard Deutsch

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Jonathan Levy

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Roger Marcus

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Denise Siegel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Sheryl Punia

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Howard Henschel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Marc Shegoski

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Stephen Silverman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Conrad Druker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Dennis Walsingham

    TRUSTEE UNTIL JUNE 2022

    Total calculated
    $0
    Hours/week
    0.5

  • Douglas Zeitt

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 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

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

The filer's explanations (Part III)

PART I, LINE 3
THE FOUNDATION'S SECRETARY/TREASURER IS THE BOARD OF TRUSTEES, WHICH HAS DELEGATED THE MANAGEMENT FUNCTION TO A RELATED 501(C)(3) PUBLIC CHARITY. NO COMPENSATION IS PAID BY THE FOUNDATION TO ANY BOARD MEMBER. THE COMPENSATION NOTED ON SCHEDULE J, PART II, IS PAID BY A RELATED 501(C)(3) PUBLIC CHARITY TO ITS EMPLOYEE, THIS COMPENSATION IS NOT FOR SERVICES RENDERED TO THE FOUNDATION.

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
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202333189349316413

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