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Nonprofiteer
← BALA PRESBYTERIAN HOME FOUNDATION

Form 990 for tax year 2023

Filed by BALA PRESBYTERIAN HOME FOUNDATION.

Totals

Total revenue
$3,739,152
Total expenses
$3,285,845
Contributions and grants received
$143,101
Grants paid
$3,077,623
Program service revenue
$0
Investment income
$3,596,051
Other revenue
$0
Total assets, end of year
$65,577,996
Total liabilities, end of year
$192,344
Net assets or fund balances, end of year
$65,385,652
Program services expenses (Part IX)
$3,080,916
Management and general expenses
$204,929
Fundraising expenses
$0
Program service expenses (Part III)
$3,080,916

Program services were 93.8% 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

    $140,000

  • 1f · All other contributions, gifts and grants

    $3,101

  • 3 · Investment income

    total $1,743,856 · unrelated business $3,045 · excluded $1,740,811

  • 7a · Gross sales of assets other than inventory

    securities $3,000,000

  • 7b · Less cost or other basis and sales expenses

    securities $1,147,805

  • 7c · Gain or loss

    securities $1,852,195

  • 7d · Net gain or loss

    total $1,852,195 · excluded $1,852,195

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,077,623 · program services $3,077,623

  • 11a · Fees: management

    total $58,327 · management and general $58,327

  • 11f · Fees: investment management

    total $146,592 · management and general $146,592

  • 11g · Fees: other

    total $24 · program services $14 · management and general $10

  • 13 · Office expenses

    total $1,330 · program services $1,330

  • 23 · Insurance

    total $1,949 · program services $1,949

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $532,742 · end of year $736,779

  • 4 · Accounts receivable

    beginning of year $84 · end of year $106,327

  • 7 · Other notes and loans receivable

    beginning of year $14,682,338 · end of year $14,988,979

  • 9 · Prepaid expenses and deferred charges

    beginning of year $975 · end of year $974

  • 11 · Investments: publicly traded securities

    beginning of year $41,476,725 · end of year $45,996,297

  • 15 · Other assets

    beginning of year $3,438,518 · end of year $3,748,640

  • 25 · Other liabilities

    beginning of year $236,124 · end of year $192,344

  • 27 · Net assets without donor restrictions

    beginning of year $56,273,239 · end of year $61,453,512

  • 28 · Net assets with donor restrictions

    beginning of year $3,622,019 · end of year $3,932,140

Mission and programs · 2023

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. 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)

PROVIDE FINANCIAL SUPPORT TO THE HOME'S FORMER RESIDENTS AND FURTHER AFFILIATES' MISSION.

  • THE BALA PRESBYTERIAN HOME FOUNDATION IS INCORPORATED EXCLUSIVELY FOR RELIGIOUS, CHARITABLE, AND EDUCATIONAL PURPOSES AND SUPPORTED THE PURPOSES OF THE PRESBYTERIAN HOME FOR THE AGED COUPLES AND AGED PERSONS OF THE STATE OF PENNSYLVANIA, A SECTION 501(C)(3) ORGANIZATION DESCRIBED IN SECTION 509(A)(1) OF THE INTERNAL REVENUE CODE. THE HOME'S MISSION WAS TO PROVIDE FOR A CONTINUUM OF CARE IN A CHRISTIAN SETTING FOR ELDERLY PRESBYTERIANS AND OTHERS, WITH SPECIAL CONCERN FOR THOSE OF MODEST RESOURCES. THE HOME WAS DISSOLVED SEPTEMBER 26, 2007, BUT THE FOUNDATION CONTINUES TO PROVIDE FINANCIAL SUPPORT TO THE FORMER RESIDENTS OF THE HOME FOR THEIR CARE IN OTHER FACILITIES AND ALSO PROVIDES FINANCIAL SUPPORT TO FURTHER THE MISSION OF HUMANGOOD EAST AND ITS AFFILIATES.

    Expenses $3,080,916 · Grants $3,077,623

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • William G Young Jr

    CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 3.6 related

  • Randall L Stamper

    BOARD MEMBER

    Total calculated
    $73,000
    From this org
    $0
    From related orgs
    $73,000
    Other
    $0
    Hours/week
    0.1 + 16.6 related

  • Alan Griffith

    BOARD MEMBER

    Total calculated
    $63,000
    From this org
    $0
    From related orgs
    $63,000
    Other
    $0
    Hours/week
    0.1 + 12.2 related

  • Harry G Dittmann

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1 + 2.6 related

  • G Robert Overhiser Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1 + 2.6 related

  • Bruce L Castor Esq

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Bruce Dearnley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • John H Cochrane III

    PRESIDENT/CHIEF EXECUTIVE OFFICER

    Total calculated
    $1,137,774
    From this org
    $0
    From related orgs
    $1,097,391
    Other
    $40,383
    Hours/week
    0.2 + 39.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $623,393 related
    Bonus
    $0 + $438,900 related
    Other
    $0 + $35,098 related
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $27,183 related
    Filer's total
    $0 + $1,137,774 related

  • Daniel Ogus

    CHIEF OPERATING OFFICER

    Total calculated
    $895,319
    From this org
    $0
    From related orgs
    $853,732
    Other
    $41,587
    Hours/week
    0.2 + 39.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $496,166 related
    Bonus
    $0 + $314,160 related
    Other
    $0 + $43,406 related
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $28,387 related
    Filer's total
    $0 + $895,319 related

  • Andrew McDonald

    CHIEF FINANCIAL OFFICER

    Total calculated
    $651,891
    From this org
    $0
    From related orgs
    $611,176
    Other
    $40,715
    Hours/week
    0.2 + 39.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $397,572 related
    Bonus
    $0 + $191,100 related
    Other
    $0 + $22,504 related
    Deferred
    $0 + $12,711 related
    Nontaxable benefits
    $0 + $28,004 related
    Filer's total
    $0 + $651,891 related

  • Bethany Ghassemi

    CHIEF LEGAL COUNSEL

    Total calculated
    $560,689
    From this org
    $0
    From related orgs
    $545,496
    Other
    $15,193
    Hours/week
    0.2 + 39.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $348,235 related
    Bonus
    $0 + $166,530 related
    Other
    $0 + $30,731 related
    Deferred
    $0 + $13,280 related
    Nontaxable benefits
    $0 + $1,913 related
    Filer's total
    $0 + $560,689 related

  • Jennifer S Kappen

    CHIEF EXECUTIVE - AFFORDABLE HOUSING

    Total calculated
    $458,683
    From this org
    $0
    From related orgs
    $410,826
    Other
    $47,857
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $279,557 related
    Bonus
    $0 + $107,189 related
    Other
    $0 + $24,080 related
    Deferred
    $0 + $14,860 related
    Nontaxable benefits
    $0 + $32,997 related
    Filer's total
    $0 + $458,683 related

  • Fleming Meng

    CIO (UNTIL 1/13/23)

    Total calculated
    $110,080
    From this org
    $0
    From related orgs
    $110,080
    Other
    $0
    Hours/week
    0

  • Nick Lindberg

    CHIEF INFORMATION OFFICER

    Total calculated
    $229,272
    From this org
    $0
    From related orgs
    $227,297
    Other
    $1,975
    Hours/week
    0.2 + 39.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $226,828 related
    Bonus
    $0
    Other
    $0 + $469 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $1,975 related
    Filer's total
    $0 + $229,272 related

  • Anika Hartounian

    VP OF FINANCE

    Total calculated
    $334,595
    From this org
    $0
    From related orgs
    $296,559
    Other
    $38,036
    Hours/week
    0.2 + 39.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $182,411 related
    Bonus
    $0 + $106,950 related
    Other
    $0 + $7,198 related
    Deferred
    $0 + $8,455 related
    Nontaxable benefits
    $0 + $29,581 related
    Filer's total
    $0 + $334,595 related

  • Shacasey Rogers

    VP HUMAN RESOURCES

    Total calculated
    $396,922
    From this org
    $0
    From related orgs
    $372,622
    Other
    $24,300
    Hours/week
    0.2 + 39.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $247,437 related
    Bonus
    $0 + $83,294 related
    Other
    $0 + $41,891 related
    Deferred
    $0 + $11,996 related
    Nontaxable benefits
    $0 + $12,304 related
    Filer's total
    $0 + $396,922 related

  • Russell L Mast

    REGIONAL OPS VP LPCS

    Total calculated
    $327,359
    From this org
    $0
    From related orgs
    $303,148
    Other
    $24,211
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $204,009 related
    Bonus
    $0 + $83,391 related
    Other
    $0 + $15,748 related
    Deferred
    $0 + $14,039 related
    Nontaxable benefits
    $0 + $10,172 related
    Filer's total
    $0 + $327,359 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
  • 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 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: (A) EXCEEDING BUDGETED NET CASH PRODUCTION ARISING FROM THE SUM OF OPERATIONAL PERFORMANCE AND NET TURNOVER ENTRANCE FEES, SUBJECT TO A CAP; AND (B) MEETING OR EXCEEDING BUDGETED OPERATING MARGIN BY A PREDETERMINED AMOUNT. 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

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.

  • BENSALEM SENIOR APARTMENTS LP

    LOW INCOME HOUSING FOR SENIOR CITIZENS AND HANDICAPPED · PA

  • CANTRELL PLACE LP

    LOW INCOME HOUSING FOR SENIOR CITIZENS AND HANDICAPPED · PA

  • JANNEY STREET APARTMENTS LP

    LOW INCOME HOUSING FOR SENIOR CITIZENS AND HANDICAPPED · PA

  • 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

  • RIVERSIDE SENIOR APARTMENTS LP

    LOW INCOME HOUSING FOR SENIOR CITIZENS AND HANDICAPPED · PA

  • 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

Related corporations and trusts

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

  • CANTRELL HOUSING INC

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

  • HG MAKEMIE HOUSING INC

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

  • HUMANGOOD PROPERTIES

    C · PROPERTY HOLDING COMPANY · 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

  • WITHERSPOON HOUSING INC

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

  • WYNNEFIELD HOUSING CORPORATION

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

Provenance

Return type
form_990
Tax year
2023
Filed
1 November 2024
IRS schema version
2023v5.1
Source object
202433099349300858

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