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Nonprofiteer
← CHC HOLDINGS INC

Form 990 for tax year 2024

Filed by CHC HOLDINGS INC.

Totals

Total revenue
$102,000
Total expenses
$546,526
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$102,000
Investment income
$0
Other revenue
$0
Total assets, end of year
$11,115,264
Total liabilities, end of year
$11,674,283
Net assets or fund balances, end of year
-$559,019
Program services expenses (Part IX)
$546,526
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$546,526

Program services were 100.0% 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.

  • 2a · Program service revenue: Property Rental

    total $102,000 · related or exempt $102,000 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 20 · Interest

    total $85,659 · program services $85,659

  • 22 · Depreciation, depletion and amortization

    total $390,518 · program services $390,518

  • 24a · Other expenses: Professional Fees

    total $70,349 · program services $70,349 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $435,548 · end of year $381,540

  • 4 · Accounts receivable

    beginning of year $0

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

    $11,651,343

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

    $917,619

  • 10c · Land, buildings and equipment, net

    beginning of year $11,114,618 · end of year $10,733,724

  • 17 · Accounts payable and accrued expenses

    beginning of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $11,664,659 · end of year $11,674,283

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year -$114,493 · end of year -$559,019

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

CHC Holdings is organized exclusively for charitable purposes. In furtherance of the Corporation's purpose, the objectives of the Corporation shall be to benefit and support the charitable activities of Community Health Connections.

  • CHC Holdings benefits and supports the charitable activities of Community Health Connections by acquiring, developing, renovating, equipping, financing, managing or leasing real property on behalf of and to advance the purposes of Community Health Connections in a manner consistent with the charitable objectives and policies of Community Health Connections.

    Expenses $546,526 · Revenue $102,000

As filed on the 2024 return.

Listed in Part VII

  • John A DeMalia

    Chief Executive Officer

    Total calculated
    $406,856
    From this org
    $0
    From related orgs
    $363,158
    Other
    $43,698
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $363,158 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $36,800 related
    Nontaxable benefits
    $0 + $6,898 related
    Filer's total
    $0 + $406,856 related
  • John Melehov

    Chief Financial Officer

    Total calculated
    $175,692
    From this org
    $0
    From related orgs
    $156,460
    Other
    $19,232
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $156,460 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $19,232 related
    Filer's total
    $0 + $175,692 related
  • Patrick Lavelle Jr

    Chief Financial Officer

    Total calculated
    $82,905
    From this org
    $0
    From related orgs
    $80,378
    Other
    $2,527
    Hours/week
    0 + 32 related

    Schedule J breakdown matched by us

    Base
    $0 + $80,378 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $1,677 related
    Nontaxable benefits
    $0 + $850 related
    Filer's total
    $0 + $82,905 related
  • David Streb

    Director

    Total calculated
    $0
    Hours/week
    0
  • Gregg Buckman

    Clerk

    Total calculated
    $0
    Hours/week
    0
  • Paul Schiavitti

    Director

    Total calculated
    $0
    Hours/week
    0

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 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 4
John Demalia, President and CEO, contributed to the related organization's 457F plan, in the amount of $31,200. No employer contributions were made

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.

Provenance

Return type
form_990
Tax year
2024
Filed
28 February 2026
IRS schema version
2024v5.0
Source object
202620799349300112

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