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← TB HOUSING DEVELOPMENT FUND COMPANY INC

Form 990 for tax year 2023

Filed by TB HOUSING DEVELOPMENT FUND COMPANY INC.

Totals

Total revenue
$289,863
Total expenses
$463,313
Contributions and grants received
$0
Grants paid
$0
Program services expenses (Part IX)
$444,727
Management and general expenses
$18,586
Fundraising expenses
$0
Program service expenses (Part III)
$444,727

Program services were 96.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ELIZABETH HUCKABONE

    BOARD MEMBER/PRESIDENT (TO 9/26/23)

    Total calculated
    $0
    Hours/week
    0.5 + 3 related

  • MICHAEL RIEGEL

    BOARD MEMBER/BOARD VP/SECRETARY

    Total calculated
    $221,101
    From this org
    $0
    From related orgs
    $196,021
    Other
    $25,080
    Hours/week
    0.5 + 34.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $196,021 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,776 related
    Nontaxable benefits
    $0 + $17,304 related
    Filer's total
    $0 + $221,101 related

  • SEAN MCKINNIE

    BOARD MEMBER/BOARD VP

    Total calculated
    $0
    Hours/week
    0.5

  • AARON HEJMOWSKI

    CFO

    Total calculated
    $155,537
    From this org
    $0
    From related orgs
    $148,067
    Other
    $7,470
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $148,067 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,470 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $155,537 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 — 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 · 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

The filer's explanations (Part III)

PART I, LINE 3
ALL EMPLOYEES ARE PAID BY BELMONT HOUSING RESOURCES FOR WNY, INC., A RELATED ENTITY. BELMONT'S COMPENSATION PROGRAM IS DEVELOPED BY SENIOR MANAGEMENT, THE HUMAN RESOURCES MANAGER, AND AN EMPLOYEE BENEFITS AND COMPENSATION CONSULTING FIRM, AND REVIEWED BY THE HR AND COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS. THIS COMPENSATION PROGRAM APPLIES TO ALL STAFF, INCLUDING OFFICERS. IN ADDITION, ALL COMPENSATION OF OFFICERS IS APPROVED BY THE BOARD OF DIRECTORS. THE COMPENSATION PROGRAM INCLUDED MARKET PRICING AND JOB SLOTTING WITHIN ESTABLISHED SALARY GRADES AND RANGES BASED ON INFORMATION PROVIDED BY THE INDEPENDENT CONSULTING FIRM.

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
2023
Filed
1 May 2025
IRS schema version
2023v6.0
Source object
202531229349301348

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