Form 990 for tax year 2022
Filed by GOODWIN HOUSE DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $266,095
- Total expenses
- $278,139
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $266,095
- Other revenue
- $0
- Total assets, end of year
- $35,286,204
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $35,286,204
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $278,139
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% 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.
-
3 · Investment income
total $332,869 · excluded $332,869
-
7b · Less cost or other basis and sales expenses
securities $66,774
-
7c · Gain or loss
securities -$66,774
-
7d · Net gain or loss
total -$66,774 · excluded -$66,774
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $258,967 · management and general $258,967
-
11c · Fees: accounting
total $2,800 · management and general $2,800
-
11f · Fees: investment management
total $7,961 · management and general $7,961
-
11g · Fees: other
total $6,656 · management and general $6,656
-
13 · Office expenses
total $1,755 · management and general $1,755
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $356,529 · end of year $214,320
-
9 · Prepaid expenses and deferred charges
end of year $133,463
-
10a · Land, buildings and equipment: cost or other basis
$4,800,000
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $4,800,000
-
11 · Investments: publicly traded securities
beginning of year $20,569,027 · end of year $11,658,305
-
15 · Other assets
beginning of year $12,260,113 · end of year $18,480,116
-
27 · Net assets without donor restrictions
beginning of year $33,185,669 · end of year $35,286,204
Mission and programs · 2022
Mission
TO SUPPORT AND EXTEND THE CHARITABLE AND BENEVOLENT MISSION AND PURPOSES OF GOODWIN HOUSE INCORPORATED BY DEVELOPING ADDITIONAL RETIREMENT COMMUNITIES IN THE GREATER NORTHERN VIRGINIA AREA.
-
GOODWIN HOUSE DEVELOPMENT CORPORATION (GHDC) - PROVIDES SUPPORT AND EXTENDS THE CHARITABLE AND BENEVOLENT MISSION AND PURPOSES OF GOODWIN HOUSE INCORPORATED BY DEVELOPING ADDITIONAL RETIREMENT COMMUNITIES IN THE GREATER NORTHERN VIRGINIA AREA, AND WHOSE PRIMARY FOCUS WILL BE TO SERVE THE NEEDS OF THE ELDERLY BY PROVIDING CARE AND SERVICES IN ACCORDANCE WITH THE SAME EXEMPLARY STANDARDS ENJOYED BY THE RESIDENTS OF THE COMMUNITIES OWNED AND OPERATED BY GOODWIN HOUSE INCORPORATED. GHDC PROVIDES SERVICES IN AFFILIATION WITH THE EPISCOPAL DICESE OF VIRGINIA THROUGH THE OVERSIGHT AND COORDINATION PROVIDED THROUGH THE CORPORATION'S PARENT ORGANIZATION AND SOLE MEMBER, GOODWIN HOUSE INCORPORATED. GHDC ENGAGES IN AND CONDUCTS ALL BUSINESS NECESSARY OR SUITABLE FOR THE ACCOMPLISHMENT OF THE ABOVE PURPOSES.
As filed on the 2022 return.
Listed in Part VII
-
Holly HanisianHOLLY HANISIAN
ASSISTANT SECRETARY
- Total calculated
- $167,587
- From this org
- $0
- From related orgs
- $149,620
- Other
- $17,967
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $130,319 related
- Bonus
- $0 + $17,634 related
- Other
- $0 + $1,667 related
- Deferred
- $0 + $10,357 related
- Nontaxable benefits
- $0 + $7,610 related
- Filer's total
- $0 + $167,587 related
-
John WeaverJOHN WEAVER
CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
David CanfieldDAVID CANFIELD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Garrett ErdleGARRETT ERDLE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Nina JanopaulNINA JANOPAUL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Ben MarcantonioBEN MARCANTONIO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Robert A LiebreichROBERT A LIEBREICH
GHI CEO/EX-OFFICIO
- Total calculated
- $600,687
- From this org
- $0
- From related orgs
- $552,110
- Other
- $48,577
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $425,360 related
- Bonus
- $0 + $106,250 related
- Other
- $0 + $20,500 related
- Deferred
- $0 + $37,213 related
- Nontaxable benefits
- $0 + $11,364 related
- Filer's total
- $0 + $600,687 related
-
Timothy SmithTIMOTHY SMITH
CHIEF FINANCIAL OFFICER
- Total calculated
- $408,721
- From this org
- $0
- From related orgs
- $368,211
- Other
- $40,510
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $314,741 related
- Bonus
- $0 + $43,470 related
- Other
- $0 + $10,000 related
- Deferred
- $0 + $25,075 related
- Nontaxable benefits
- $0 + $15,435 related
- Filer's total
- $0 + $408,721 related
-
Andrew SiegalANDREW SIEGAL
CHIEF BUSINESS DEVELOPMENT
- Total calculated
- $294,327
- From this org
- $0
- From related orgs
- $267,469
- Other
- $26,858
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $228,490 related
- Bonus
- $0 + $28,979 related
- Other
- $0 + $10,000 related
- Deferred
- $0 + $18,023 related
- Nontaxable benefits
- $0 + $8,835 related
- Filer's total
- $0 + $294,327 related
-
Rebecca DuanREBECCA DUAN
ASST SEC/CONTROLLER
- Total calculated
- $209,665
- From this org
- $0
- From related orgs
- $188,547
- Other
- $21,118
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $171,449 related
- Bonus
- $0 + $17,098 related
- Other
- $0
- Deferred
- $0 + $13,198 related
- Nontaxable benefits
- $0 + $7,920 related
- Filer's total
- $0 + $209,665 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
- 5b · Pay contingent on a related organization's revenues
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this 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 OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION ARE PAID BY GOODWIN HOUSE INCORPORATED, A RELATED ORGANIZATION. GOODWIN HOUSE INCORPORATED USES AN INDEPENDENT COMPENSATION CONSULTANT, COMPARATIVE COMPENSATION STUDIES, AND THE FORM 990 OF OTHER ORGANIZATIONS TO ESTABLISH COMPENSATION FOR OFFICERS AND KEY EMPLOYEES. WE ALSO RECENTLY PURCHASED A PRODUCT THAT ALLOWS US TO BENCHMARK THE MARKET. THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES CONDUCTS AN ANNUAL REVIEW OF THE PERFORMANCE AND COMPENSATION OF THE PRESIDENT AND CEO; RESULTS OF THE PERFORMANCE REVIEW AND WAGE ANALYSIS ARE SHARED WITH THE FULL BOARD, AND THE BOARD OF TRUSTEES ESTABLISHES THE COMPENSATION OF THE PRESIDENT AND CEO BASED ON THE DATA PRESENTED. ON A REGULAR (NOT ANNUAL) BASIS, AN OUTSIDE CONSULTANT IS RETAINED TO EVALUATE THE WAGES OF OTHER KEY EMPLOYEES, SUCH AS WAGES OF THE CFO, COO, CHIEF PHILANTHROPY OFFICER, CHIEF PEOPLE OFFICER, CHIEF BUSINESS DEVELOPMENT OFFICER, AND CHIEF MARKETING & STRATEGY OFFICER. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023.
- PART I, LINE 4B
- THERE WERE NO DEFERRALS FOR THE CALENDAR YEAR 2022. THERE WERE NO DISTRIBUTIONS FOR THE CALENDAR YEAR 2022.
- PART I, LINE 5
- A RELATED ORGANIZATION, GOODWIN HOUSE INCORPORATED, HAS IN PLACE A SUPPLEMENTAL COMPENSATION PLAN FOR ITS EXECUTIVE LEADERSHIP TEAM. AWARDS MADE UNDER THIS PLAN ARE BASED ON THE ATTAINMENT OF A NUMBER OF ORGANIZATIONAL GOALS, BOTH QUANTITATIVE AND QUALITATIVE. AMONG THESE GOALS ARE FINANCIAL TARGETS RELATED TO THE ACHIEVEMENT OF PLANNED LEVELS OF MANAGEMENT-CONTROLLABLE REVENUES AND EXPENSES.
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
No itemized grants to organizations 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.
-
501(C)(3) · OPERATE TWO CONTINUING CARE RETIREMENT COMMUNITIES · VA
-
501(C)(3) · TO AID, STRENGTHEN, & EXTEND GOODWIN HOUSE INCORPORATED · VA · controlled entity
Directly controlled by GOODWIN HOUSE INC
-
GOODWIN HOUSE HOME AND COMMUNITY BASED SERVICES
501(C)(3) · DEVELOPING & OPERATING BUSINESSES PROVIDING REHABILITATIVE & HEALTH SERIVCES · VA · controlled entity
Directly controlled by GOODWIN HOUSE INC
-
GOODWIN HOUSE THE VIEW ALEXANDRIA
501(C)(3) · TO BENEFIT, SUPPORT AND FOSTER THE OPERATIONS OF GHDC · VA · controlled entity
Directly controlled by GOODWIN HOUSE DEVELOPMENT CORPORATION
-
501(C)(3) · TO BENEFIT, SUPPORT AND FOSTER THE OPERATIONS OF GOODWIN HOUSE INCORPORATED · VA
Directly controlled by GOODWIN HOUSE INC
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 corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
GOODWIN HOUSE COMMUNITY SERVICES
C · MGMT SERVICES TO NON-PROFIT RETIREMENT COMMUNITIES · VA
Directly controlled by GHI
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 6 August 2024
- IRS schema version
- 2022v5.0
- Source object
- 202422229349301312
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.