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Nonprofiteer
← HUMANGOOD CORNERSTONE

Form 990 for tax year 2022

Filed by HUMANGOOD CORNERSTONE.

Totals

Total revenue
$2,600,000
Total expenses
$3,396,420
Contributions and grants received
$2,600,000
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$4,026,132
Total liabilities, end of year
$1,163,833
Net assets or fund balances, end of year
$2,862,299
Program services expenses (Part IX)
$2,284,675
Management and general expenses
$1,111,745
Fundraising expenses
$0
Program service expenses (Part III)
$2,284,675

Program services were 67.3% 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.

  • 1d · Related organizations

    $2,600,000

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $451,000 · management and general $451,000

  • 7 · Other salaries and wages

    total $162,736 · program services $162,736

  • 9 · Other employee benefits

    total $24,618 · program services $24,618

  • 10 · Payroll taxes

    total $18,603 · program services $18,603

  • 11c · Fees: accounting

    total $25,750 · management and general $25,750

  • 11g · Fees: other

    total $2,075,938 · program services $1,470,366 · management and general $605,572

  • 12 · Advertising and promotion

    total $20,254 · management and general $20,254

  • 13 · Office expenses

    total $7,714 · program services $7,714

  • 17 · Travel

    total $16,676 · program services $16,128 · management and general $548

  • 19 · Conferences, conventions and meetings

    total $579,748 · program services $579,748

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $7,500 · management and general $7,500

  • 24b · Other expenses: SUPPLIES

    total $5,097 · program services $4,575 · management and general $522

  • 24c · Other expenses: OTHER EXPENSES

    total $786 · program services $187 · management and general $599

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $689,846 · end of year $107,438

  • 9 · Prepaid expenses and deferred charges

    beginning of year $20,466 · end of year $21,244

  • 15 · Other assets

    beginning of year $3,790,694 · end of year $3,897,450

  • 17 · Accounts payable and accrued expenses

    beginning of year $842,287 · end of year $256,862

  • 25 · Other liabilities

    beginning of year $0 · end of year $906,971

  • 27 · Net assets without donor restrictions

    beginning of year $3,658,719 · end of year $2,862,299

Mission and programs · 2022

Mission

AT HUMANGOOD WE BELIEVE EVERYONE SHOULD HAVE THE OPPORTUNITY TO LIVE WITH ENTHUSIASM, CONFIDENCE AND SECURITY, REGARDLESS OF PHYSICAL, SOCIAL, OR ECONOMIC CIRCUMSTANCES. AND WHEN WE SAY EVERYONE, WE MEAN EVERYONE - INCLUDING YOU. CONTINUED ON SCHEDULE O.BECAUSE WE BELIEVE THIS, OUR MISSION IS TO INSPIRE YOUR BEST LIFE.WE DO THAT BY WORKING HAND-IN-HAND TO CREATE EXPERIENCES THAT MATTER TO YOU.

Activities or mission (Part I)

TO HELP OLDER ADULTS LIVE THEIR BEST LIVES POSSIBLE, HOWEVER THEY DEFINE IT.

  • HUMANGOOD CORNERSTONE IS THE PARENT COMPANY OF HUMANGOOD ARIZONA, INC. DBA TERRACES OF PHOENIX ("HUMANGOOD ARIZONA"), HUMANGOOD NEVADA DBA LAS VENTANAS ("HUMANGOOD NEVADA"), HUMANGOOD IDAHO DBA TERRACES OF BOISE ("HUMANGOOD IDAHO"), HUMANGOOD WASHINGTON DBA JUDSON PARK ("HUMANGOOD WASHINGTON"). HUMANGOOD CORNERSTONE WAS FORMED IN 1999 TO FACILITATE REDEVELOPMENT AND GROWTH AND PROVIDE A STRUCTURE FOR AFFILIATION WHILE PROTECTING THE CREDIT CAPACITY OF ITS AFFILIATES.

    Expenses $2,284,675

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Randall L Stamper

    CHAIR

    Total calculated
    $73,000
    From this org
    $73,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 15.6 related

  • Albert W Kelley

    VICE CHAIR

    Total calculated
    $63,000
    From this org
    $63,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 10.6 related

  • H Declan Brown

    SECRETARY

    Total calculated
    $63,000
    From this org
    $63,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 12.7 related

  • Judith Baker

    DIRECTOR

    Total calculated
    $63,000
    From this org
    $63,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 10.6 related

  • Rev Michelle Holmes

    DIRECTOR

    Total calculated
    $63,000
    From this org
    $63,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 11.2 related

  • William Battison

    DIRECTOR

    Total calculated
    $63,000
    From this org
    $63,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 9.6 related

  • Alan Griffith

    DIRECTOR

    Total calculated
    $63,000
    From this org
    $63,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 11.2 related

  • John H Cochrane III

    PRESIDENT/CHIEF EXECUTIVE

    Total calculated
    $1,071,394
    From this org
    $0
    From related orgs
    $1,032,339
    Other
    $39,055
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $520,513 related
    Bonus
    $0 + $475,000 related
    Other
    $0 + $36,826 related
    Deferred
    $0 + $13,636 related
    Nontaxable benefits
    $0 + $25,419 related
    Filer's total
    $0 + $1,071,394 related

  • Daniel Ogus

    CHIEF OPERATING OFFICER

    Total calculated
    $830,044
    From this org
    $0
    From related orgs
    $786,516
    Other
    $43,528
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $401,624 related
    Bonus
    $0 + $328,000 related
    Other
    $0 + $56,892 related
    Deferred
    $0 + $12,575 related
    Nontaxable benefits
    $0 + $30,953 related
    Filer's total
    $0 + $830,044 related

  • Fleming Meng

    CHIEF INFORMATION OFFICER

    Total calculated
    $473,444
    From this org
    $0
    From related orgs
    $434,627
    Other
    $38,817
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $244,675 related
    Bonus
    $0 + $189,000 related
    Other
    $0 + $952 related
    Deferred
    $0 + $13,520 related
    Nontaxable benefits
    $0 + $25,297 related
    Filer's total
    $0 + $473,444 related

  • Andrew McDonald

    CHIEF FINANCIAL OFFICER

    Total calculated
    $590,708
    From this org
    $0
    From related orgs
    $552,085
    Other
    $38,623
    Hours/week
    5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $325,230 related
    Bonus
    $0 + $198,000 related
    Other
    $0 + $28,855 related
    Deferred
    $0 + $12,910 related
    Nontaxable benefits
    $0 + $25,713 related
    Filer's total
    $0 + $590,708 related

  • Bethany Ghassemi

    CHIEF LEGAL OFFICER

    Total calculated
    $488,378
    From this org
    $0
    From related orgs
    $472,179
    Other
    $16,199
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $301,298 related
    Bonus
    $0 + $153,000 related
    Other
    $0 + $17,881 related
    Deferred
    $0 + $13,162 related
    Nontaxable benefits
    $0 + $3,037 related
    Filer's total
    $0 + $488,378 related

  • James Park

    VP COMMUNICATION

    Total calculated
    $298,396
    From this org
    $0
    From related orgs
    $268,431
    Other
    $29,965
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $178,520 related
    Bonus
    $0 + $83,250 related
    Other
    $0 + $6,661 related
    Deferred
    $0 + $9,200 related
    Nontaxable benefits
    $0 + $20,765 related
    Filer's total
    $0 + $298,396 related

  • Lisa Holland

    VP REGIONAL OPERATIONS

    Total calculated
    $335,887
    From this org
    $0
    From related orgs
    $303,290
    Other
    $32,597
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $194,166 related
    Bonus
    $0 + $95,000 related
    Other
    $0 + $14,124 related
    Deferred
    $0 + $11,726 related
    Nontaxable benefits
    $0 + $20,871 related
    Filer's total
    $0 + $335,887 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

  • 1a · First-class or charter travel
  • 1a · Travel for companions
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
FIRST CLASS TRAVEL IS AVAILABLE TO EXECUTIVE TEAM MEMBERS OF THE ORGANIZATION. TRAVEL FOR COMPANIONS IS AVAILABLE FOR EXECUTIVE TEAM MEMBERS. A COST REIMBURSEMENT BENEFIT OF $60/MONTH IS AVAILABLE TO CERTAIN EXECUTIVE TEAM MEMBERS FOR MONTHLY GYM MEMBERSHIP DUES.
PART I, LINE 3
COMPENSATION OF THE CEO IS DETERMINED BY HUMANGOOD USING THE FOLLOWING METHODS: COMPENSATION COMMITTEE, COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY/STUDY AND APPROVAL BY THE BOARD/COMPENSATION COMMITTEE.
PART I, LINE 4B
CERTAIN KEY EXECUTIVES WERE ALLOWED TO PARTICIPATE IN AN IRC 457(F) PLAN, WHEREBY (SUBJECT TO PLAN AMENDMENT) THE PLAN WILL FUND REGULAR CONTRIBUTIONS AND EARN A RETURN EQUAL TO THE CONSUMER PRICE INDEX RATE PLUS 2.5 PERCENT WITH A CAP OF 6.0 PERCENT.
PART I, LINE 7
INCENTIVE COMPENSATION: EXECUTIVE DIRECTORS, REGIONAL MANAGERS AND SENIOR MANAGEMENT ARE ELIGIBLE FOR INCENTIVE COMPENSATION. IN THE CALENDAR YEAR PRECEDING THE INCENTIVE COMPENSATION, GOALS ARE SET FOR EACH INDIVIDUAL THAT ALIGN WITH THE STRATEGIC AND OPERATIONAL OBJECTIVES OF THE ORGANIZATION. THE GOALS OF THE CEO AND EXECUTIVE TEAM ARE REVIEWED BY THE COMPENSATION COMMITTEE AND BOARD. BEFORE ANY PAYMENT IS MADE, THE INCENTIVE COMPENSATION POOL MUST BE FUNDED BY EXCEEDING BUDGETED NET CASH PRODUCTION ARISING FROM THE SUM OF OPERATIONAL PERFORMANCE AND NET TURNOVER ENTRANCE FEES, SUBJECT TO A CAP. IF THE INCENTIVE POOL IS PARTIALLY FUNDED, THE PARTIAL PERCENTAGE IS APPLIED TO THE POTENTIAL PAYMENT FOR EACH TEAM MEMBER'S ATTAINED GOALS. THE ATTAINMENT OF THE GOALS OF THE CEO AND EXECUTIVE TEAM ARE REVIEWED BY THE COMPENSATION COMMITTEE AND BOARD PRIOR TO PAYMENT. FOR OTHER TEAM MEMBERS, THE ATTAINMENT OF EACH INCENTIVE GOAL IS ASSESSED BY THE INCENTIVE-ELIGIBLE TEAM MEMBER'S SUPERVISOR AND ULTIMATELY REVIEWED BY THE CEO PRIOR TO PAYMENT.

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.

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.

  • 333 MONTEREY ROAD LLC

    LOW-INCOME SENIOR HOUSING · CA

  • 333 MONTEREY ROAD LP

    LOW-INCOME SENIOR HOUSING · CA

  • ANDRES DUARTE TERRACE II LP

    LOW-INCOME SENIOR HOUSING · CA

  • BAY VISTA GP LLC

    AFFORDABLE HOUSING · WA

  • BAY VISTA PARTNERS LLLP

    AFFORDABLE HOUSING · WA

  • BENSALEM SENIOR APARTMENTS LP

    LOW INCOME HOUSING FOR SENIOR CITIZENS AND HANDICAPPED · PA

  • CANTERBURY VILLAGE LLC

    LOW-INCOME SENIOR HOUSING · CA

  • CANTERBURY VILLAGE LP

    LOW-INCOME SENIOR HOUSING · CA

  • CANTRELL PLACE LP

    LOW INCOME HOUSING FOR SENIOR CITIZENS AND HANDICAPPED · PA

  • CASA DE LA PALOMA LLC

    LOW-INCOME SENIOR HOUSING · CA

  • CASA DE LA PALOMA LP

    LOW-INCOME SENIOR HOUSING · CA

  • CASTLE ARGYLE LP

    LOW-INCOME SENIOR HOUSING · CA

  • COVENANT MANOR LLC

    LOW-INCOME SENIOR HOUSING · CA

  • COVENANT MANOR LP

    LOW-INCOME SENIOR HOUSING · CA

  • ETHIOPIAN VILLAGE GP LLC

    LOW-INCOME SENIOR HOUSING · CA

  • ETHIOPIAN VILLAGE LLLP

    LOW-INCOME SENIOR HOUSING · CA

  • FD HAYNES APARTMENTS GP LLC

    LOW-INCOME SENIOR HOUSING · CA

  • FD HAYNES APARTMENTS LP

    LOW-INCOME SENIOR HOUSING · CA

  • FILIPINO COMMUNITY VILLAGE LLLP

    LOW-INCOME SENIOR HOUSING · CA

  • HARBOR VIEW MANOR GP LLC

    AFFORDABLE HOUSING · CA

  • HARBOR VIEW MANOR LLLP

    AFFORDABLE HOUSING · WA

  • JANNEY STREET APARTMENTS LP

    LOW INCOME HOUSING FOR SENIOR CITIZENS AND HANDICAPPED · PA

  • JUDSON TERRACE HOMES SENIOR HOUSING LP

    AFFORDABLE HOUSING · CA

  • MAKEMIE COURT LP

    LOW INCOME HOUSING FOR SENIOR CITIZENS AND HANDICAPPED · PA

  • MARY FIELD SENIOR APARTMENTS LP

    LOW INCOME HOUSING FOR SENIOR CITIZENS AND HANDICAPPED · PA

  • MILLER AVENUE SENIOR HOUSING LP

    AFFORDABLE HOUSING · CA

  • MORGAN HILL SENIOR HOUSING GP LLC

    LOW-INCOME SENIOR HOUSING · CA

  • MORGAN HILL SENIOR HOUSING LP

    LOW-INCOME SENIOR HOUSING · CA

  • MT RUBIDOUX MANOR LLC

    AFFORDABLE HOUSING · CA

  • MT RUBIDOUX MANOR LP

    AFFORDABLE HOUSING · CA

  • NORTHAVEN THREE MANAGER LLC

    LOW-INCOME SENIOR HOUSING · CA

  • NORTHAVEN THREE NORTHGATE LIMITED PARTNERSHIP

    LOW-INCOME SENIOR HOUSING · CA

  • PACIFIC MEADOWS SENIOR HOUSING LP

    AFFORDABLE HOUSING · CA

  • PALMER HOUSE LP

    LOW-INCOME SENIOR HOUSING · CA

  • PARK PASEO LP

    LOW-INCOME SENIOR HOUSING · CA

  • PRESBY'S INSPIRED LIFE APARTMENTS LLC

    LOW INCOME HOUSING FOR SENIOR CITIZENS AND HANDICAPPED · PA

  • RIVERSIDE SENIOR APARTMENTS LP

    LOW INCOME HOUSING FOR SENIOR CITIZENS AND HANDICAPPED · PA

  • ROTARY MILLER AVENUE LLC

    AFFORDABLE HOUSING · CA

  • ROTARY PLAZA ASSOCIATES LLC

    AFFORDABLE HOUSING · CA

  • ROTARY PLAZA LP

    AFFORDABLE HOUSING · CA

  • ROYAL VISTA TERRACE APTS LLC

    LOW-INCOME SENIOR HOUSING · CA

  • ROYAL VISTA TERRACE APTS LP

    LOW-INCOME SENIOR HOUSING · CA

  • SUN TOWER PARTNERS LLLP

    AFFORDABLE HOUSING · CA

  • SUNNYVALE LIFE LLC

    AFFORDABLE HOUSING · CA

  • SUNNYVALE LIFE LP

    AFFORDABLE HOUSING · CA

  • SYCAMORE TERRACE UPLAN LP

    LOW-INCOME SENIOR HOUSING · CA

  • TAHOE SENIOR HOUSING II LP

    AFFORDABLE HOUSING · CA

  • THREE RIVERS GENERAL PARTNER LLC

    AFFORDABLE HOUSING · WA

  • THREE RIVERS SENIOR HOUSING LLLP

    AFFORDABLE HOUSING · WA

  • TOWER PARK LLC

    AFFORDABLE HOUSING · CA

  • TOWER PARK LP

    AFFORDABLE HOUSING · CA

  • VALLEY VISTA SENIOR HOUSING LP

    AFFORDABLE HOUSING · CA

  • WESTMINSTER COURT LP

    LOW-INCOME SENIOR HOUSING · CA

  • WITHERSPOON SENIOR APARTMENTS LP

    LOW INCOME HOUSING FOR SENIOR CITIZENS AND HANDICAPPED · PA

  • WYNNEFIELD PLACE LP

    LOW INCOME HOUSING FOR SENIOR CITIZENS AND HANDICAPPED · PA

  • WYNNEFIELD SENIOR HOUSING LLC

    LOW INCOME HOUSING FOR SENIOR CITIZENS AND HANDICAPPED · PA

  • PHV HEALTHCARE FUND I LP

    INVESTMENT · CA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • GOOD AT HOME

    C · INACTIVE · CA · 100% owned · controlled entity

    Directly controlled by HUMANGOOD CORNERSTONE

  • HUMANGOOD PROPERTIES

    C · PROPERTY HOLDING COMPANY · CA · 100% owned · share of assets $539,463 · controlled entity

    Directly controlled by HUMANGOOD CORNERSTONE

  • MAKEMIE HOUSING INC

    C · LOW INCOME HOUSING FOR SENIOR CITIZENS AND HANDICAPPED · PA

  • CANTRELL HOUSING INC

    C · LOW INCOME HOUSING FOR SENIOR CITIZENS AND HANDICAPPED · PA

  • FILIPINO COMMUNITY VILLAGE GP LLC

    C · LOW INCOME HOUSING FOR SENIOR CITIZENS AND HANDICAPPED · CA

  • JUDSON TERRACE HOMES GP LLC

    C · LOW INCOME HOUSING FOR SENIOR CITIZENS AND HANDICAPPED · CA

  • PACIFIC MEADOWS SENIOR LLC

    C · LOW INCOME HOUSING FOR SENIOR CITIZENS AND HANDICAPPED · CA

  • PENINSULA COMM HOUSING DEVELOPMENT CORP

    C · LOW INCOME HOUSING FOR SENIOR CITIZENS AND HANDICAPPED · CA

  • PRESBY HOMES DEVELOPMENT CORP

    C · LOW INCOME HOUSING FOR SENIOR CITIZENS AND HANDICAPPED · PA

  • PRESBY RIVERSIDE HOUSING INC

    C · LOW INCOME HOUSING FOR SENIOR CITIZENS AND HANDICAPPED · PA

  • PRESBYHOUSING INC

    C · LOW INCOME HOUSING FOR SENIOR CITIZENS AND HANDICAPPED · PA

  • SUN TOWER GP LLC

    C · LOW INCOME HOUSING FOR SENIOR CITIZENS AND HANDICAPPED · CA

  • WITHERSPOON HOUSING INC

    C · LOW INCOME HOUSING FOR SENIOR CITIZENS AND HANDICAPPED · PA

  • WYNNEFIELD HOUSING CORPORATION

    LOW INCOME HOUSING FOR SENIOR CITIZENS AND HANDICAPPED · PA

Provenance

Return type
form_990
Tax year
2022
Filed
7 November 2023
IRS schema version
2022v5.0
Source object
202313169349300651

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