Form 990 for tax year 2023
Filed by INSTITUTE FOR COMMUNITY ECONOMICS INC.
Totals
- Total revenue
- $2,141,238
- Total expenses
- $2,029,534
- Contributions and grants received
- $1,564,556
- Grants paid
- $1,075,000
- Program services expenses (Part IX)
- $1,806,479
- Management and general expenses
- $189,300
- Fundraising expenses
- $33,755
- Program service expenses (Part III)
- $1,806,479
Program services were 89.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
BRETT MACLEOD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
CHRYSTAL KORNEGAY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
DAN EHRENBERG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
JOHN MANEVAL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
LEILA FINUCANE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
LORI GLASS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
MARLA BILONICK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
PRIYA JAYACHANDRAN
PRESIDENT AND BOARD MEMBER
- Total calculated
- $374,525
- From this org
- $352,336
- From related orgs
- $0
- Other
- $22,189
- Hours/week
- 3 + 37 related
Schedule J breakdown matched by us
- Base
- $314,800
- Bonus
- $35,000
- Other
- $2,536
- Deferred
- $18,900
- Nontaxable benefits
- $3,289
- Filer's total
- $374,525
-
RON GRZYWINSKI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
SAL STEVEN-HUBBARD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
VINCE TOYE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
ADNAN BOKHARI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
ALICE HAMILTON EVERT
ASSISTANT SECRETARY/SECRET
- Total calculated
- $152,604
- From this org
- $123,071
- From related orgs
- $0
- Other
- $29,533
- Hours/week
- 14 + 26 related
Schedule J breakdown matched by us
- Base
- $118,891
- Bonus
- $4,180
- Other
- $0
- Deferred
- $7,725
- Nontaxable benefits
- $21,808
- Filer's total
- $152,604
-
JOSH EARN
VICE PRESIDENT
- Total calculated
- $243,973
- From this org
- $207,526
- From related orgs
- $0
- Other
- $36,447
- Hours/week
- 5 + 35 related
Schedule J breakdown matched by us
- Base
- $203,306
- Bonus
- $4,220
- Other
- $0
- Deferred
- $12,900
- Nontaxable benefits
- $23,547
- Filer's total
- $243,973
-
MARY RANGEL
SECRETARY
- Total calculated
- $128,471
- From this org
- $104,852
- From related orgs
- $0
- Other
- $23,619
- Hours/week
- 1
-
NICOLE MEYER
ASSISTANT SECRETARY
- Total calculated
- $97,900
- From this org
- $79,264
- From related orgs
- $0
- Other
- $18,636
- Hours/week
- 6 + 34 related
-
STEVEN SPEARS
TREASURER (UNTIL 11/23)
- Total calculated
- $200,000
- From this org
- $200,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 10 + 30 related
Schedule J breakdown matched by us
- Base
- $200,000
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $200,000
-
NICOLE PROROCK
TREASURER (AS OF 11/23)
- Total calculated
- $59,195
- From this org
- $54,624
- From related orgs
- $0
- Other
- $4,571
- Hours/week
- 10 + 30 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 — 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
- 7 · Other non-fixed payments
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
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 3
- THE ORGANIZATION'S RELATED ENTITY, NATIONAL HOUSING TRUST, HAS A COMPENSATION COMMITTEE AS PART OF ITS BOARD COMMITTEE STRUCTURE. THE COMPENSATION COMMITTEE HAS WORKED WITH A THIRD PARTY CONSULTANT WHO PROVIDED COMPARABILITY DATA WHICH WAS USED TO SET THE SALARY OF THE PRESIDENT.
- PART I, LINE 7
- BONUS COMPENSATION IS BASED ON SPECIFIED BUDGET BEING ACHIEVED.
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
-
PROGRAM SUPPORT
-
$250,000
PROGRAM SUPPORT
-
HOMESTEAD COMMUNITY LAND TRUST
$125,000
PROGRAM SUPPORT
-
$125,000
PROGRAM SUPPORT
-
PROGRAM SUPPORT
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) · AFFD HOUSING · DC
-
NATIONAL HOUSING TRUST COMM DEV FUND
501(C)(3) · LENDING · DC
Directly controlled by NHT
-
501(C)(3) · AFFD HOUSING · DC
Directly controlled by NHT
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403209349325805
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