Form 990 for tax year 2024

Filed by SPRINGVALE TERRACE INC.

Totals

Total revenue: $0
Total expenses: $700,741
Contributions and grants received: $0
Grants paid: $0
Program service revenue: $0
Investment income: $0
Other revenue: $0
Total assets, end of year: $3,682,302
Total liabilities, end of year: $12,317,223
Net assets or fund balances, end of year: -$8,634,921
Program services expenses (Part IX): $654,589
Management and general expenses: $46,152
Fundraising expenses: $0
Program service expenses (Part III): $654,589

Program services were 93.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

CRAIG MCCULLOUGH

PRESIDENT

Total calculated

$0

Hours/week

0.1 + 1.1 related
MARCUS BRAXTON

VICE PRESIDENT

Total calculated

$0

Hours/week

0.1 + 1.1 related
KEVIN WHITLEY

TRESURER

Total calculated

$0

Hours/week

0.1 + 1.1 related
LECIA IMBERY

SECRETARY

Total calculated

$0

Hours/week

0.1 + 1.1 related
MICHAEL BOCHNOVIC

DIRECTOR

Total calculated

$0

Hours/week

0.1 + 1.1 related
MARTI BROWN BAILEY

DIRECTOR THRU 6/2025

Total calculated

$0

Hours/week

0.1 + 1.1 related
MICHAEL COLLINS

DIRECTOR

Total calculated

$0

Hours/week

0.1 + 1.1 related
CHRIS GARDNER

DIRECTOR THRU 10/2025

Total calculated

$0

Hours/week

0.1 + 1.1 related
KIMBALL GRIFFITH

DIRECTOR

Total calculated

$0

Hours/week

0.1 + 1.1 related
JOSEPH HOWELL

DIRECTOR THRU 6/2025

Total calculated

$0

Hours/week

0.1 + 1.1 related
WAHEED HASSAN

DIRECTOR

Total calculated

$0

Hours/week

0.1 + 1.1 related
NIKHIL KUMTHA

DIRECTOR

Total calculated

$0

Hours/week

0.1 + 1.1 related
KIMBERLY MIKEC

DIRECTOR THRU 8/2025

Total calculated

$0

Hours/week

0.1 + 1.1 related
RT REV MARIANN EDGAR BUDDE

DIRECTOR

Total calculated

$0

Hours/week

0.1 + 1.1 related
MONTE MONASH

DIRECTOR

Total calculated

$0

Hours/week

0.1 + 1.1 related
NICK NICHOLSON

DIRECTOR

Total calculated

$0

Hours/week

0.1 + 1.1 related
MICHELLE RHODD

DIRECTOR

Total calculated

$0

Hours/week

0.1 + 1.1 related
MEGAN ROBERTSON ESQ

DIRECTOR

Total calculated

$0

Hours/week

0.1 + 1.1 related
SHARON SELLERS

DIRECTOR

Total calculated

$0

Hours/week

0.1 + 1.1 related
DAVID SHEPARD

DIRECTOR

Total calculated

$0

Hours/week

0.1 + 1.1 related
ELISSA SILVERMAN

DIRECTOR

Total calculated

$0

Hours/week

0.1 + 1.1 related
DIANA A SALADINI MA

DIRECTOR THRU 12/2025

Total calculated

$0

Hours/week

0.1 + 1.1 related
SOHAER RIZVI SYED

DIRECTOR

Total calculated

$0

Hours/week

0.1 + 1.1 related
SUSAN SPURLARK ESQ

DIRECTOR THRU 6/2025

Total calculated

$0

Hours/week

0.1 + 1.1 related
SUZANNE K WELCH ESQ

DIRECTOR

Total calculated

$0

Hours/week

0.1 + 1.1 related
DAWN QUATTLEBAUM

CEO

Total calculated

$225,300

From this org

$0

From related orgs

$201,638

Other

$23,662

Hours/week

10 + 40 related

Schedule J breakdown matched by us

Base

$0 + $195,638 related

Bonus

$0 + $6,000 related

Other

$0

Deferred

$0 + $14,000 related

Nontaxable benefits

$0 + $9,662 related

Filer's total

$0 + $225,300 related
REGINALD RAY

COO

Total calculated

$114,887

From this org

$0

From related orgs

$114,887

Other

$0

Hours/week

5 + 40 related
BELINDA DAVIS

MANAGING DIRECTOR OF FINANCE

Total calculated

$162,094

From this org

$0

From related orgs

$148,270

Other

$13,824

Hours/week

10 + 40 related

Schedule J breakdown matched by us

Base

$0 + $143,740 related

Bonus

$0 + $4,530 related

Other

$0

Deferred

$0 + $7,318 related

Nontaxable benefits

$0 + $6,506 related

Filer's total

$0 + $162,094 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 CEO OF THE ORGANIZATION IS COMPENSATED BY A RELATED PARTY, SEABURY RESOURCES FOR AGING, THE FOLLOWING IS THEIR COMPENSATION POLICY. IT IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS AND APPROVED BY THEM.

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

No itemized grants to organizations 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.

SEABURY RESOURCES FOR AGING

501(C)(3) · PROVIDING AFFORDABLE HOUSING OPTIONS FOR SENIORS IN THE GREATER DC AREA · DC
EPISCOPAL CHURCH HOMEFRIENDSHIPINC

501(C)(3) · PROVIDING AFFORDABLE HOUSING AND SERVICE OPTIONS. · DC

Directly controlled by SEABURY RESOURCES FOR AGING

Provenance

Return type: form_990
Tax year: 2024
IRS schema version: 2024v5.5
Source object: 202642299349301704

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