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Nonprofiteer
← OPEN HAND NMTC SUPPORT CORPORATION

Form 990 for tax year 2023

Filed by OPEN HAND NMTC SUPPORT CORPORATION.

Totals

Total revenue
$8,118
Total expenses
$555,051
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$8,118
Total assets, end of year
$17,161,282
Total liabilities, end of year
$17,458,585
Net assets or fund balances, end of year
-$297,303
Program services expenses (Part IX)
$0
Management and general expenses
$555,051
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 6a · Gross rents

    real property $8,118

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $8,118

  • 6d · Net rental income or loss

    total $8,118 · excluded $8,118

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $475,688 · management and general $475,688

  • 11c · Fees: accounting

    total $12,000 · management and general $12,000

  • 11g · Fees: other

    total $8,796 · management and general $8,796

  • 20 · Interest

    total $17,792 · management and general $17,792

  • 22 · Depreciation, depletion and amortization

    total $40,775 · management and general $40,775

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $6,973,470

  • 4 · Accounts receivable

    end of year $8,118

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

    $10,533,078

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

    $353,384

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $10,179,694

  • 23 · Secured mortgages and notes payable

    end of year $15,250,000

  • 25 · Other liabilities

    beginning of year $0 · end of year $2,208,585

  • 27 · Net assets without donor restrictions

    end of year -$297,303

Mission and programs · 2023

Mission

THE ORGANIZATION OPERATES EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF, OPEN HAND ATLANTA, INC.

  • OPEN HAND NMTC SUPPORT CORPORATION OPERATES EXCLUSIVELY FOR THE BENEFIT OF OPEN HAND ATLANTA, INC. THE ORGANIZATION WAS FORMED IN 2023 FOR THE PURPOSE OF ACQUIRING, OWNING AND RENOVATING AN EXISTING COMMERCIAL BUILDING INTO A NEW CAMPUS HEADQUARTERS FACILITY NEAR THE GROVE PARK NEIGHBORHOOD AND NEW CITY OF ATLANTA WESTSIDE PARK.

As filed on the 2023 return.

Listed in Part VII

  • Shirley Powell

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Cromwell Baun

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Carmen Titelman

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Thomas Abrams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Louisa Basarrate

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Debra Carlton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Alec Frisch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sudevi Ghosh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rodrick Glass

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Julie L Hagedorn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sandra A Harris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert Joseph Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Johanna Ellis Reisinger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bernard R Wedge Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dennis White

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Katherine Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Matthew Pieper

    EXECUTIVE DIRECTOR

    Total calculated
    $215,303
    From this org
    $0
    From related orgs
    $207,681
    Other
    $7,622
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $197,681 related
    Bonus
    $0 + $10,000 related
    Other
    $0
    Deferred
    $0 + $1,731 related
    Nontaxable benefits
    $0 + $5,891 related
    Filer's total
    $0 + $215,303 related

  • Susan Anderson

    COO

    Total calculated
    $170,220
    From this org
    $0
    From related orgs
    $160,351
    Other
    $9,869
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $154,851 related
    Bonus
    $0 + $5,500 related
    Other
    $0
    Deferred
    $0 + $3,978 related
    Nontaxable benefits
    $0 + $5,891 related
    Filer's total
    $0 + $170,220 related

  • Bob Cuellar

    CFO

    Total calculated
    $153,378
    From this org
    $0
    From related orgs
    $141,659
    Other
    $11,719
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $136,159 related
    Bonus
    $0 + $5,500 related
    Other
    $0
    Deferred
    $0 + $3,850 related
    Nontaxable benefits
    $0 + $7,869 related
    Filer's total
    $0 + $153,378 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

  • 3 · Form 990 of other organizations

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

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.

  • OPEN HAND ATLANTA INC

    501(C)(3) · SERVE MEAL TO PEOPLE IN NEED · GA

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202423199349309807

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