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Nonprofiteer
← ISLADVIEW HOUSING DEVELOPMENT FUND COMPANY INC

Form 990 for tax year 2022

Filed by ISLADVIEW HOUSING DEVELOPMENT FUND COMPANY INC.

Totals

Total revenue
$388,257
Total expenses
$353,924
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$368,869
Investment income
$2,051
Other revenue
$17,337
Total assets, end of year
$1,113,692
Total liabilities, end of year
$1,430,868
Net assets or fund balances, end of year
-$317,176
Program services expenses (Part IX)
$333,882
Management and general expenses
$20,042
Fundraising expenses
$0
Program service expenses (Part III)
$333,882

Program services were 94.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MICHAEL RIEGEL

    BOARD MEMBER/BOARD PRESIDENT

    Total calculated
    $214,003
    From this org
    $0
    From related orgs
    $191,328
    Other
    $22,675
    Hours/week
    0.5 + 34.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $191,328 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,943 related
    Nontaxable benefits
    $0 + $15,732 related
    Filer's total
    $0 + $214,003 related

  • ELIZABETH HUCKABONE

    BOARD MEMBER/BOARD VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 3 related

  • KATHLEEN CARLSON

    BOARD MEMBER/BOARD VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • HELEN RONAN

    BOARD MEMBER/BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • JUDITH SCOTT

    BOARD MEMBER/BOARD TREASURER

    Total calculated
    $98,163
    From this org
    $0
    From related orgs
    $87,069
    Other
    $11,094
    Hours/week
    0.5 + 34.5 related

  • AARON HEJMOWSKI

    CFO

    Total calculated
    $161,299
    From this org
    $0
    From related orgs
    $138,293
    Other
    $23,006
    Hours/week
    0.5 + 34.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $138,293 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,274 related
    Nontaxable benefits
    $0 + $15,732 related
    Filer's total
    $0 + $161,299 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 · 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 COMMMITTEE 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 INCLUDES 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.

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.

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
9 May 2024
IRS schema version
2022v5.0
Source object
202411349349305766

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