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← RETIREMENT HOUSING FOUNDATION

Form 990 for tax year 2022

Filed by RETIREMENT HOUSING FOUNDATION.

Totals

Total revenue
$106,870,194
Total expenses
$28,484,740
Contributions and grants received
$83,723,562
Grants paid
$4,615,882
Program service revenue
$20,645,131
Investment income
$2,501,501
Other revenue
$0
Total assets, end of year
$207,365,153
Total liabilities, end of year
$19,155,105
Net assets or fund balances, end of year
$188,210,048
Program services expenses (Part IX)
$25,406,865
Management and general expenses
$2,874,755
Fundraising expenses
$203,120
Program service expenses (Part III)
$25,406,865

Program services were 89.2% 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.

  • 1d · Related organizations

    $83,719,562

  • 1f · All other contributions, gifts and grants

    $4,000

  • 2a · Program service revenue: PROGRAM MANAGEMENT FEES

    total $16,776,066 · related or exempt $16,776,066

  • 2b · Program service revenue: DEVELOPMENT FEES

    total $3,824,308 · related or exempt $3,824,308

  • 2c · Program service revenue: RENTAL REVENUE

    total $44,757 · related or exempt $44,757

  • 3 · Investment income

    total $2,501,501 · excluded $2,501,501

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,615,882 · program services $4,615,882

  • 5 · Compensation of officers, directors and key employees

    total $2,398,365 · program services $2,398,365

  • 7 · Other salaries and wages

    total $6,698,742 · program services $6,262,298 · management and general $301,394 · fundraising $135,050

  • 8 · Pension plan contributions

    total $330,071 · program services $318,696 · management and general $7,872 · fundraising $3,503

  • 9 · Other employee benefits

    total $784,875 · program services $711,103 · management and general $51,519 · fundraising $22,253

  • 10 · Payroll taxes

    total $605,016 · program services $574,798 · management and general $23,402 · fundraising $6,816

  • 11b · Fees: legal

    total $1,669,598 · management and general $1,669,598

  • 11c · Fees: accounting

    total $225,489 · management and general $225,489

  • 11g · Fees: other

    total $924,963 · program services $885,997 · management and general $38,966

  • 12 · Advertising and promotion

    total $64,262 · program services $27,073 · management and general $34,156 · fundraising $3,033

  • 13 · Office expenses

    total $767,774 · program services $537,451 · management and general $217,327 · fundraising $12,996

  • 16 · Occupancy

    total $194,816 · program services $194,816

  • 17 · Travel

    total $348,676 · program services $283,877 · management and general $55,070 · fundraising $9,729

  • 19 · Conferences, conventions and meetings

    total $243,210 · program services $238,786 · management and general $2,850 · fundraising $1,574

  • 20 · Interest

    total $1,254,448 · program services $1,254,448

  • 22 · Depreciation, depletion and amortization

    total $401,729 · program services $401,729

  • 23 · Insurance

    total $411,034 · program services $306,747 · management and general $104,287

  • 24a · Other expenses: BAD DEBTS

    total $5,880,000 · program services $5,880,000

  • 24b · Other expenses: LICENSES, DUES AND SUBS

    total $475,736 · program services $376,527 · management and general $93,351 · fundraising $5,858

  • 24c · Other expenses: EMPLOYEE RELATIONS

    total $74,559 · program services $74,559

  • 24d · Other expenses: OUTSIDE TRAINING

    total $59,233 · program services $54,089 · management and general $2,836 · fundraising $2,308

  • 24e · All other expenses

    total $56,262 · program services $9,624 · management and general $46,638

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $21,787 · end of year $19,597

  • 2 · Savings and temporary cash investments

    beginning of year $16,253,701 · end of year $38,425,232

  • 4 · Accounts receivable

    beginning of year $40,337 · end of year $640

  • 7 · Other notes and loans receivable

    beginning of year $465,422 · end of year $535,078

  • 9 · Prepaid expenses and deferred charges

    beginning of year $445,839 · end of year $1,306,077

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

    $14,216,199

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

    $7,950,351

  • 10c · Land, buildings and equipment, net

    beginning of year $6,315,590 · end of year $6,265,848

  • 11 · Investments: publicly traded securities

    beginning of year $14,202,642 · end of year $99,958,482

  • 13 · Investments: program-related

    beginning of year $160,762,065 · end of year $60,854,199

  • 17 · Accounts payable and accrued expenses

    beginning of year $15,079,296 · end of year $5,851,026

  • 19 · Deferred revenue

    beginning of year $45,570 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $28,131,665 · end of year $84,282

  • 25 · Other liabilities

    beginning of year $38,759,037 · end of year $13,219,797

  • 27 · Net assets without donor restrictions

    beginning of year $116,491,815 · end of year $188,210,048

Mission and programs · 2022

Mission

TO PROVIDE AFFORDABLE HOUSING AND SERVICE COORDINATION FOR PERSONS WITH LIMITED INCOMES IN AN INCLUSIVE ENVIRONMENT THAT ENHANCES THEIR QUALITY OF LIFE PHYSICALLY, MENTALLY, AND SPIRITUALLY.

Activities or mission (Part I)

TO DEVELOP & MANAGE LOW INCOME AND ASSISTED LIVING HOUSING COMMUNITIES AND SKILLED NURSING FACILITIES.

  • RETIREMENT HOUSING FOUNDATION PROVIDES DEVELOPMENT AND MANAGEMENT EXPERTISE, EITHER DIRECTLY OR THROUGH AFFILIATED NONPROFIT CORPORATIONS, IN THE FIELD OF AFFORDABLE HOUSING AND SERVICES FOR LOW AND VERY LOW INCOME FAMILIES AND THE ELDERLY. THE CORPORATION ALSO PROVIDES ASSISTED LIVING AND SKILLED NURSING FACILITIES IN ADDITION TO MANY OF THE LOW & VERY LOW INCOME HOUSING FACILITIES. THE CORPORATION SERVES OVER 20,000 RESIDENTS/PATIENTS IN 29 STATES INCLUDING THE VIRGIN ISLANDS, PUERTO RICO & THE DISTRICT OF COLUMBIA. THE CORPORATION EMPLOYS APPROXIMATELY 2,800 PEOPLE NATIONWIDE.

    Expenses $25,406,865 · Grants $4,615,882 · Revenue $20,645,131

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • DESAEGHER NORMA N

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 0.2 related

  • EAST RAYMOND E

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 0.2 related

  • MOYER DAVID S

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 0.2 related

  • POLLOCK JEFFREY R

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 0.2 related

  • POTTER CHRISTINA E

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 0.2 related

  • HARTMAN STUART J

    PRESIDENT/CEO

    Total calculated
    $682,064
    From this org
    $608,035
    From related orgs
    $0
    Other
    $74,029
    Hours/week
    40 + 0.2 related

    Schedule J breakdown matched by us

    Base
    $599,635
    Bonus
    $0
    Other
    $8,400
    Deferred
    $38,460
    Nontaxable benefits
    $35,569
    Filer's total
    $682,064

  • FOX BUCHAN LAURA L

    DIRECTOR AND CORPORATE SECRETARY

    Total calculated
    $160,349
    From this org
    $150,563
    From related orgs
    $0
    Other
    $9,786
    Hours/week
    40 + 0.2 related

    Schedule J breakdown matched by us

    Base
    $150,563
    Bonus
    $0
    Other
    $0
    Deferred
    $3,714
    Nontaxable benefits
    $6,072
    Filer's total
    $160,349

  • ROSSELLO FRANK JR

    CFO AND VP OF FINANCE

    Total calculated
    $331,101
    From this org
    $313,582
    From related orgs
    $0
    Other
    $17,519
    Hours/week
    40 + 0.2 related

    Schedule J breakdown matched by us

    Base
    $310,582
    Bonus
    $0
    Other
    $3,000
    Deferred
    $5,448
    Nontaxable benefits
    $12,071
    Filer's total
    $331,101

  • AMBERG ROBERT R

    EXECUTIVE VP GEN COUNSEL

    Total calculated
    $485,377
    From this org
    $442,308
    From related orgs
    $0
    Other
    $43,069
    Hours/week
    40 + 0.2 related

    Schedule J breakdown matched by us

    Base
    $436,308
    Bonus
    $0
    Other
    $6,000
    Deferred
    $30,998
    Nontaxable benefits
    $12,071
    Filer's total
    $485,377

  • NAPIERSKIE DAVID W

    VP HEALTH CARE OPERATIONS

    Total calculated
    $254,484
    From this org
    $0
    From related orgs
    $242,812
    Other
    $11,672
    Hours/week
    40 + 0.2 related

    Schedule J breakdown matched by us

    Base
    $0 + $238,012 related
    Bonus
    $0
    Other
    $0 + $4,800 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $11,672 related
    Filer's total
    $0 + $254,484 related

  • MAGNONE VINCENT B

    VP TREASURY & INVSTMT OFF

    Total calculated
    $268,384
    From this org
    $239,282
    From related orgs
    $0
    Other
    $29,102
    Hours/week
    40 + 0.2 related

    Schedule J breakdown matched by us

    Base
    $236,882
    Bonus
    $0
    Other
    $2,400
    Deferred
    $3,916
    Nontaxable benefits
    $25,186
    Filer's total
    $268,384

  • BATTAGLIA NADA

    VP HUMAN RESOURCES

    Total calculated
    $277,879
    From this org
    $235,353
    From related orgs
    $0
    Other
    $42,526
    Hours/week
    40 + 0.2 related

    Schedule J breakdown matched by us

    Base
    $232,353
    Bonus
    $0
    Other
    $3,000
    Deferred
    $19,926
    Nontaxable benefits
    $22,600
    Filer's total
    $277,879

  • TITUS STEPHANIE L

    VP PHILANTHROPY/CSO

    Total calculated
    $273,614
    From this org
    $231,220
    From related orgs
    $0
    Other
    $42,394
    Hours/week
    40 + 0.2 related

    Schedule J breakdown matched by us

    Base
    $228,220
    Bonus
    $0
    Other
    $3,000
    Deferred
    $6,709
    Nontaxable benefits
    $35,685
    Filer's total
    $273,614

  • GILCHRIST KEVIN D

    VP DEVELOPMENT FINANCE

    Total calculated
    $235,587
    From this org
    $218,679
    From related orgs
    $0
    Other
    $16,908
    Hours/week
    40 + 0.2 related

    Schedule J breakdown matched by us

    Base
    $214,479
    Bonus
    $0
    Other
    $4,200
    Deferred
    $6,339
    Nontaxable benefits
    $10,569
    Filer's total
    $235,587

  • FARD BOBBY J

    VP ACQUIS AND PROJ DEV

    Total calculated
    $230,273
    From this org
    $214,343
    From related orgs
    $0
    Other
    $15,930
    Hours/week
    40 + 0.2 related

    Schedule J breakdown matched by us

    Base
    $209,793
    Bonus
    $0
    Other
    $4,550
    Deferred
    $6,078
    Nontaxable benefits
    $9,852
    Filer's total
    $230,273

  • PURCELL CHRISTOPHER J

    CONTROLLER

    Total calculated
    $214,034
    From this org
    $195,871
    From related orgs
    $0
    Other
    $18,163
    Hours/week
    40 + 0.2 related

    Schedule J breakdown matched by us

    Base
    $195,871
    Bonus
    $0
    Other
    $0
    Deferred
    $5,919
    Nontaxable benefits
    $12,244
    Filer's total
    $214,034

  • CLOW JOHN C

    VP RISK MANAGEMENT

    Total calculated
    $210,185
    From this org
    $196,730
    From related orgs
    $0
    Other
    $13,455
    Hours/week
    40 + 0.2 related

    Schedule J breakdown matched by us

    Base
    $194,530
    Bonus
    $0
    Other
    $2,200
    Deferred
    $3,261
    Nontaxable benefits
    $10,194
    Filer's total
    $210,185

  • STECKBECK KENT

    BUDGET & ANALYTICS DIR

    Total calculated
    $172,136
    From this org
    $167,122
    From related orgs
    $0
    Other
    $5,014
    Hours/week
    40 + 0.2 related

    Schedule J breakdown matched by us

    Base
    $167,122
    Bonus
    $0
    Other
    $0
    Deferred
    $5,014
    Nontaxable benefits
    $0
    Filer's total
    $172,136

  • ROBINSON TINA M

    DIRECTOR OF ACCT EXEMPT

    Total calculated
    $174,963
    From this org
    $161,428
    From related orgs
    $0
    Other
    $13,535
    Hours/week
    40 + 0.2 related

    Schedule J breakdown matched by us

    Base
    $161,428
    Bonus
    $0
    Other
    $0
    Deferred
    $3,900
    Nontaxable benefits
    $9,635
    Filer's total
    $174,963

  • PHELPS LORI ANN

    INFO SYSTEMS DIRECTOR

    Total calculated
    $165,418
    From this org
    $160,693
    From related orgs
    $0
    Other
    $4,725
    Hours/week
    40 + 0.2 related

    Schedule J breakdown matched by us

    Base
    $160,693
    Bonus
    $0
    Other
    $0
    Deferred
    $4,725
    Nontaxable benefits
    $0
    Filer's total
    $165,418

  • MICKELSON LAVONNE R

    DIR OF AFFORD HOUSING OPS

    Total calculated
    $176,785
    From this org
    $162,871
    From related orgs
    $0
    Other
    $13,914
    Hours/week
    40 + 0.2 related

    Schedule J breakdown matched by us

    Base
    $158,671
    Bonus
    $0
    Other
    $4,200
    Deferred
    $4,500
    Nontaxable benefits
    $9,414
    Filer's total
    $176,785

  • SILVA JOANNE L

    VP OCCUPANCY & TAX CREDIT

    Total calculated
    $180,483
    From this org
    $158,830
    From related orgs
    $0
    Other
    $21,653
    Hours/week
    40 + 0.2 related

    Schedule J breakdown matched by us

    Base
    $156,430
    Bonus
    $0
    Other
    $2,400
    Deferred
    $11,212
    Nontaxable benefits
    $10,441
    Filer's total
    $180,483

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 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

  • WARREN CHAPEL CME CHURCH

    $2,187,151

    TO PROVIDE ADDITIONAL SUPPORT TO RELATED CHARITABLE ORGANIZATION WHICH IS IN NEED OF FINANCIAL ASSISTANCE.

  • RHF FOUNDATION

    $917,373

    TO PROVIDE ADDITIONAL SUPPORT TO RELATED CHARITABLE ORGANIZATION WHICH IS IN NEED OF FINANCIAL ASSISTANCE.

  • PIONEER TOWERS

    $500,000

    TO PROVIDE ADDITIONAL SUPPORT TO RELATED CHARITABLE ORGANIZATION WHICH IS IN NEED OF FINANCIAL ASSISTANCE.

  • RHF CHARITABLE FOUNDATION

    $334,664

    TO PROVIDE ADDITIONAL SUPPORT TO RELATED CHARITABLE ORGANIZATION WHICH IS IN NEED OF FINANCIAL ASSISTANCE.

  • CULVER CITY ROTARY FOUNDATION

    $291,145

    COMMUNITY SUPPORT

  • BLUEGRASS RHF HOUSING (COLONIAL HEIGHTS)

    $150,000

    TO PROVIDE ADDITIONAL SUPPORT TO RELATED CHARITABLE ORGANIZATION WHICH IS IN NEED OF FINANCIAL ASSISTANCE.

  • RHF FOUNDATION

    $100,000

    TO PROVIDE ADDITIONAL SUPPORT TO RELATED CHARITABLE ORGANIZATION WHICH IS IN NEED OF FINANCIAL ASSISTANCE.

  • RHF CHARITABLE FOUNDATION

    $50,000

    TO PROVIDE ADDITIONAL SUPPORT TO RELATED CHARITABLE ORGANIZATION WHICH IS IN NEED OF FINANCIAL ASSISTANCE.

  • RHF FOUNDATION

    $36,700

    TO PROVIDE ADDITIONAL SUPPORT TO RELATED CHARITABLE ORGANIZATION WHICH IS IN NEED OF FINANCIAL ASSISTANCE.

  • SAN JACINTO MANOR ASSOCIATES

    $20,000

    TO PROVIDE ADDITIONAL SUPPORT TO RELATED CHARITABLE ORGANIZATION WHICH IS IN NEED OF FINANCIAL ASSISTANCE.

The 10 largest by cash amount. The API serves every itemized grant.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2022
Filed
26 June 2024
IRS schema version
2022v5.0
Source object
202401789349301235

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