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Nonprofiteer
← GREENWOOD HOUSE FOUNDATION INC

Form 990 for tax year 2023

Filed by GREENWOOD HOUSE FOUNDATION INC.

Totals

Total revenue
$380,857
Total expenses
$285,712
Contributions and grants received
$265,749
Grants paid
$234,761
Program service revenue
$0
Investment income
$115,108
Other revenue
$0
Total assets, end of year
$6,847,056
Total liabilities, end of year
$84,841
Net assets or fund balances, end of year
$6,762,215
Program services expenses (Part IX)
$234,761
Management and general expenses
$50,951
Fundraising expenses
$0
Program service expenses (Part III)
$234,761

Program services were 82.2% 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.

  • 1f · All other contributions, gifts and grants

    $265,749

  • 3 · Investment income

    total $115,108 · excluded $115,108

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $234,761 · program services $234,761

  • 11c · Fees: accounting

    total $20,587 · management and general $20,587

  • 11g · Fees: other

    total $14,421 · management and general $14,421

  • 13 · Office expenses

    total $15,943 · management and general $15,943

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $201,135 · end of year $171,992

  • 4 · Accounts receivable

    beginning of year $669,837 · end of year $648,461

  • 11 · Investments: publicly traded securities

    beginning of year $4,887,282 · end of year $5,858,337

  • 15 · Other assets

    beginning of year $103,010 · end of year $168,266

  • 17 · Accounts payable and accrued expenses

    beginning of year $25,374 · end of year $15,093

  • 25 · Other liabilities

    beginning of year $69,873 · end of year $69,748

  • 27 · Net assets without donor restrictions

    beginning of year $5,007,022 · end of year $5,899,923

  • 28 · Net assets with donor restrictions

    beginning of year $758,995 · end of year $862,292

Mission and programs · 2023

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 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, SPECIFICALLY GREENWOOD HOUSE, HOME FOR THE JEWISH AGED

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

    Expenses $234,761 · Grants $234,761

As filed on the 2023 return.

Listed in Part VII

  • JEFFREY PERLMAN

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • RICHARD S GOLDSTEIN

    SECRETARY/TREASURER

    Total calculated
    $277,063
    From this org
    $0
    From related orgs
    $260,607
    Other
    $16,456
    Hours/week
    0.8 + 52 related

    Schedule J breakdown matched by us

    Base
    $0 + $235,607 related
    Bonus
    $0 + $25,000 related
    Other
    $0
    Deferred
    $0 + $5,239 related
    Nontaxable benefits
    $0 + $11,217 related
    Filer's total
    $0 + $277,063 related

  • 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

  • JONATHAN LEVY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • SHERYL PUNIA

    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

  • HOWARD DEUTSCH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • DOUGLAS ZELTT

    TRUSTEE UNTIL 5/23

    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 A MEMBER OF 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. THE RELATED ORGANIZATION USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION: COMPENSATION COMMITTEE, COMPENSATION SURVEY OR STUDY AND APPROVAL BY ITS EXECUTIVE 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

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
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202403209349318685

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