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Nonprofiteer
← HARBOR HOMES INC

Form 990 for tax year 2022

Filed by HARBOR HOMES INC.

Totals

Total revenue
$37,894,040
Total expenses
$37,480,499
Contributions and grants received
$24,140,090
Grants paid
$4,731,555
Program service revenue
$13,500,823
Investment income
$13,980
Other revenue
$239,147
Total assets, end of year
$31,193,730
Total liabilities, end of year
$21,516,227
Net assets or fund balances, end of year
$9,677,503
Program services expenses (Part IX)
$30,391,752
Management and general expenses
$6,711,903
Fundraising expenses
$376,844
Program service expenses (Part III)
$30,391,752

Program services were 81.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Thomas Arnold III

    Board Member

    Total calculated
    $0
    Hours/week
    0.25 + 2 related

  • Vijay Bhatt

    Board Member

    Total calculated
    $0
    Hours/week
    0.25 + 2 related

  • Vincent Chamberlain

    Board Member (start 2/2023)

    Total calculated
    $0
    Hours/week
    0.25 + 2 related

  • Rosemarie Dykeman

    Board Member

    Total calculated
    $0
    Hours/week
    0.25 + 2 related

  • Sekondi Foster

    Board Member

    Total calculated
    $0
    Hours/week
    0.25 + 2 related

  • Alison C Madden MD

    Board Member

    Total calculated
    $0
    Hours/week
    0.25 + 2 related

  • Lanna Martin

    Board Member

    Total calculated
    $0
    Hours/week
    0.25 + 2 related

  • Dan Sallet

    Board Chair

    Total calculated
    $0
    Hours/week
    0.25 + 2 related

  • Rick Plante

    Vice Chair

    Total calculated
    $0
    Hours/week
    0.25 + 2 related

  • Jared Freilich

    Treasurer

    Total calculated
    $0
    Hours/week
    0.25 + 2 related

  • Ed McDonough

    Asst. Treasurer

    Total calculated
    $0
    Hours/week
    0.25 + 2 related

  • Joel Jaffe

    Secretary

    Total calculated
    $0
    Hours/week
    0.25 + 2 related

  • Laurie Goguen

    Asst. Secretary

    Total calculated
    $0
    Hours/week
    0.25 + 2 related

  • Peter Kelleher

    President & CEO (end 10/2022)

    Total calculated
    $385,741
    From this org
    $345,470
    From related orgs
    $5,500
    Other
    $34,771
    Hours/week
    28.75 + 11.25 related

    Schedule J breakdown matched by us

    Base
    $274,970 + $5,500 related
    Bonus
    $0
    Other
    $70,500
    Deferred
    $10,305
    Nontaxable benefits
    $24,466
    Filer's total
    $380,241 + $5,500 related

  • Henry Och

    COO (end 10/22); CEO (eff 10/22)

    Total calculated
    $278,340
    From this org
    $258,607
    From related orgs
    $0
    Other
    $19,733
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $248,607
    Bonus
    $10,000
    Other
    $0
    Deferred
    $10,633
    Nontaxable benefits
    $9,100
    Filer's total
    $278,340

  • Ana Pancine

    CFO

    Total calculated
    $248,400
    From this org
    $207,094
    From related orgs
    $0
    Other
    $41,306
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $173,863
    Bonus
    $26,500
    Other
    $6,731
    Deferred
    $10,805
    Nontaxable benefits
    $30,501
    Filer's total
    $248,400

  • Graciela Silvia Sironich-Kalkan

    Medical Director

    Total calculated
    $268,725
    From this org
    $236,939
    From related orgs
    $0
    Other
    $31,786
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $231,939
    Bonus
    $5,000
    Other
    $0
    Deferred
    $10,568
    Nontaxable benefits
    $21,218
    Filer's total
    $268,725

  • Chun-Ruin Zhao

    Physician

    Total calculated
    $238,145
    From this org
    $210,500
    From related orgs
    $0
    Other
    $27,645
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $210,500
    Bonus
    $0
    Other
    $0
    Deferred
    $6,815
    Nontaxable benefits
    $20,830
    Filer's total
    $238,145

  • Ajay Gupta

    Pharmacy Director

    Total calculated
    $200,959
    From this org
    $171,854
    From related orgs
    $0
    Other
    $29,105
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,854
    Bonus
    $0
    Other
    $0
    Deferred
    $10,494
    Nontaxable benefits
    $18,611
    Filer's total
    $200,959

  • Jonathan Brown

    Director of Clinic

    Total calculated
    $204,660
    From this org
    $170,271
    From related orgs
    $0
    Other
    $34,389
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,271
    Bonus
    $30,000
    Other
    $0
    Deferred
    $5,293
    Nontaxable benefits
    $29,096
    Filer's total
    $204,660

  • Vanessa Talasazan

    CSO

    Total calculated
    $226,055
    From this org
    $183,005
    From related orgs
    $0
    Other
    $43,050
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,005
    Bonus
    $5,000
    Other
    $0
    Deferred
    $11,483
    Nontaxable benefits
    $31,567
    Filer's total
    $226,055

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 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 4b
The Organization participates in the consolidated Harbor Care supplemental non-qualified retirement plans and deferred compensation agreements that are provided to certain executives and highly compensated employees. The amounts ultimately due to employees under the plans are to be paid upon the employees attaining certain criteria, including age. Harbor Homes, Inc. maintains a 457(f) ineligible deferred compensation plan for Peter Kelleher, the Organization's President & CEO. Under the terms of the plan, Mr. Kelleher's balance in the plan became vested by June 30, 2022, and he became entitled to receive amounts vested within 30 days of that date. Mr. Kelleher's term of service with the Organization concluded by October 2022. Subsequent to the end of his term of service and after the calendar year ending December 2022, Mr. Kelleher took final distributions of $55,741, which include earnings, from his 457(f) Plan and liquidated his account. Accordingly, such distributions are not reported on this Form 990 for the period ending June 30, 2023, as this Form 990 reports compensation relative to the calendar year ending 2022; Mr. Kelleher did not recognize in his income any distributions from the plan for the period ending December 2022. No other individuals named on this Form 990, Part VII, participated in a 457(f) plan or other supplemental non-qualified retirement plan as defined in the IRS Instructions for Form 990, Schedule J.
Part I, Line 7
A portion of compensation is at-risk and variable, and payment depends on the quality of job performance.

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

The 10 largest by cash amount. The API serves every itemized grant.

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 corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Harbor Homes Plymouth LLC

    C · Residential housing to homeless veterans · NH · 100% owned · share of assets -$1,271,105

    Directly controlled by Harbor Homes Inc

Provenance

Return type
form_990
Tax year
2022
Filed
26 April 2024
IRS schema version
2022v5.0
Source object
202421319349302787

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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