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Nonprofiteer
← HEALTHY BRIGHTON TITLE HOLDING CORPORATION NFP

Form 990 for tax year 2022

Filed by HEALTHY BRIGHTON TITLE HOLDING CORPORATION NFP.

Totals

Total revenue
$103,761
Total expenses
$695,816
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$92,000
Investment income
$11,761
Other revenue
$0
Total assets, end of year
$53,626,913
Total liabilities, end of year
$54,471,064
Net assets or fund balances, end of year
-$844,151
Program services expenses (Part IX)
$695,816
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$695,816

Program services were 100.0% 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.

  • 2a · Program service revenue: RENTAL INCOME

    total $92,000 · related or exempt $92,000

  • 3 · Investment income

    total $11,761 · excluded $11,761

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $10,000 · program services $10,000

  • 20 · Interest

    total $151,238 · program services $151,238

  • 22 · Depreciation, depletion and amortization

    total $534,578 · program services $534,578

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $174,688 · end of year $198,569

  • 2 · Savings and temporary cash investments

    beginning of year $222,106 · end of year $22,550,358

  • 4 · Accounts receivable

    beginning of year $7,666 · end of year $0

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

    $33,049,881

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

    $2,171,895

  • 10c · Land, buildings and equipment, net

    beginning of year $17,236,389 · end of year $30,877,986

  • 17 · Accounts payable and accrued expenses

    end of year $7,448,528

  • 23 · Secured mortgages and notes payable

    beginning of year $17,324,060 · end of year $47,022,536

  • 27 · Net assets without donor restrictions

    beginning of year $316,789 · end of year -$844,151

Mission and programs · 2022

Mission

THE PRIMARY MISSION OF THE CORPORATION IS HOLDING TITLE OR A LEASEHOLD INTEREST IN PROPERTY, COLLECTING INCOME FROM THAT PROPERTY, AND TURNING OVER THE ENTIRE AMOUNT OF SUCH INCOME, LESS EXPENSES, TO ESPERANZA HEALTH CENTERS, AN ILLINOIS NOT-FOR-PROFIT CORPORATION.

Activities or mission (Part I)

HOLDING TITLE OR A LEASEHOLD INTEREST IN PROPERTY, COLLECTING INCOME FROM THAT PROPERTY, AND TURNING OVER THE ENTIRE AMOUNT OF SUCH INCOME, LESS EXPENSES, TO ESPERANZA HEALTH CENTERS, AN ILLINOIS NOT-FOR-PROFIT CORPORATION.

  • THE ORGANIZATION SHALL AT ALL TIMES BE OPERATED EXCLUSIVELY FOR THE CHARITABLE PURPOSE OF HOLDING TITLE OR A LEASEHOLD INTEREST IN PROPERTY, COLLECTING INCOME FROM THAT PROPERTY, AND TURNING OVER THE ENTIRE AMOUNT OF SUCH INCOME, LESS EXPENSES, TO ESPERANZA HEALTH CENTERS, AN ILLINOIS NOT-FOR-PROFIT CORPORATION OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES AND RECOGNIZED AS TAX-EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.

    Expenses $695,816 · Revenue $92,000

As filed on the 2022 return.

Listed in Part VII

  • Dan Fulwiler

    PRESIDENT

    Total calculated
    $377,859
    From this org
    $0
    From related orgs
    $361,086
    Other
    $16,773
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $304,811 related
    Bonus
    $0 + $56,275 related
    Other
    $0
    Deferred
    $0 + $9,453 related
    Nontaxable benefits
    $0 + $7,320 related
    Filer's total
    $0 + $377,859 related

  • Chris Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.02

  • Ricardo Cifuentes

    SECRETARY

    Total calculated
    $170,368
    From this org
    $0
    From related orgs
    $156,734
    Other
    $13,634
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $146,077 related
    Bonus
    $0 + $10,657 related
    Other
    $0
    Deferred
    $0 + $6,269 related
    Nontaxable benefits
    $0 + $7,365 related
    Filer's total
    $0 + $170,368 related

  • Kathleen Gregory

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.02

  • Ryan Gadia

    TREASURER

    Total calculated
    $193,759
    From this org
    $0
    From related orgs
    $165,220
    Other
    $28,539
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $149,037 related
    Bonus
    $0 + $16,183 related
    Other
    $0
    Deferred
    $0 + $5,557 related
    Nontaxable benefits
    $0 + $22,982 related
    Filer's total
    $0 + $193,759 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

  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 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 3
THE CEO'S SALARY IS BASED ON A WRITTEN EMPLOYMENT CONTRACT. ANNUAL RAISES ARE BASED ON COMPENSATION STUDIES AND CONSULTATION SUBJECT TO APPROVAL BY THE BOARD OF DIRECTORS.
PART I, LINE 4B
THE ORGANIZATION'S SOLE CORPORATE MEMBER, ESPERANZA HEALTH CENTERS, SPONSORS AN EXECUTIVE 457(B) PLAN AND 457(F) PLAN. THE 457(B) PLAN IS AVAILABLE TO SENIOR MANAGEMENT AND OTHER HIGHLY COMPENSATED EMPLOYEES. THE 457(F) PLAN IS CURRENTLY ONLY AVAILABLE TO THE CEO. DURING THE FISCAL YEAR ENDED JUNE 30, 2023, $10,000 WAS CONTRIBUTED TO THE 457(F) PLAN ON BEHALF OF THE CEO.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
23 February 2024
IRS schema version
2022v5.0
Source object
202440589349300719

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