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Nonprofiteer
← SHFBNWNC HEADQUARTERS INC

Form 990 for tax year 2024

Filed by SHFBNWNC HEADQUARTERS INC.

Totals

Total revenue
$559,780
Total expenses
$1,597,132
Contributions and grants received
$0
Grants paid
$364,529
Program service revenue
$559,780
Investment income
$0
Other revenue
$0
Total assets, end of year
$22,090,186
Total liabilities, end of year
$18,405,423
Net assets or fund balances, end of year
$3,684,763
Program services expenses (Part IX)
$1,596,082
Management and general expenses
$1,050
Fundraising expenses
$0
Program service expenses (Part III)
$1,596,082

Program services were 99.9% 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: RELATED PARTY LEASE INCOME

    total $559,780 · related or exempt $559,780

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $364,529 · program services $364,529

  • 11c · Fees: accounting

    total $1,050 · management and general $1,050

  • 13 · Office expenses

    total $64,239 · program services $64,239

  • 20 · Interest

    total $213,630 · program services $213,630

  • 22 · Depreciation, depletion and amortization

    total $953,291 · program services $953,291

  • 24a · Other expenses: OTHER

    total $393 · program services $393

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $764,281 · end of year $541,134

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

    $24,047,040

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

    $2,497,988

  • 10c · Land, buildings and equipment, net

    beginning of year $22,332,337 · end of year $21,549,052

  • 15 · Other assets

    beginning of year $7,540

  • 23 · Secured mortgages and notes payable

    beginning of year $18,382,043 · end of year $18,405,423

  • 27 · Net assets without donor restrictions

    beginning of year $3,597,115 · end of year $2,559,763

  • 28 · Net assets with donor restrictions

    beginning of year $1,125,000 · end of year $1,125,000

Mission and programs · 2024

Mission

TO SUPPORT SECOND HARVEST FOOD BANK OF NORTHWEST NC INC, A RELATED 501C3 NONPROFIT ORGANIZATION.

  • THE ORGANIZATION MANAGES THE FINANCING OF A FACILITY AND LAND TO BE USED BY ITS SUPPORTED ORGANIZATION, SECOND HARVEST FOOD BANK OF NORTHWESTERN NC INC FOR ITS OPERATIONS, ENSURES THE PROPER EXECUTION OF THE REQUIREMENTS OF THE NEW MARKETS TAX CREDIT REQUIREMENT, AND OVERSEES THE MANAGEMENT OF THE BUILDING AND GROUNDS.

    Expenses $1,596,082 · Grants $364,529

As filed on the 2024 return.

Listed in Part VII

  • Robert Garcia

    CHAIR

    Total calculated
    $0
    Hours/week
    1.5

  • Gordon Slade

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1.5

  • Eric A Aft

    SECRETARY

    Total calculated
    $256,673
    From this org
    $0
    From related orgs
    $233,928
    Other
    $22,745
    Hours/week
    1.5 + 57.5 related

    Schedule J breakdown matched by us

    Base
    not reported + $233,928 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $9,788 related
    Nontaxable benefits
    not reported + $12,957 related
    Filer's total
    not reported + $256,673 related

  • Milton Kern

    TREASURER

    Total calculated
    $0
    Hours/week
    1.5

  • Cathy Larmore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Victor Isler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5 + 1.5 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

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
2024
Filed
16 February 2026
IRS schema version
2024v5.0
Source object
202610499349301911

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