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Nonprofiteer
← 1650 BLHC SERVICES CORP

Form 990 for tax year 2023

Filed by 1650 BLHC SERVICES CORP.

Totals

Total revenue
$4,485,993
Total expenses
$3,001,820
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$4,485,677
Investment income
$316
Other revenue
$0
Total assets, end of year
$25,621,935
Total liabilities, end of year
$17,621,176
Net assets or fund balances, end of year
$8,000,759
Program services expenses (Part IX)
$2,846,521
Management and general expenses
$155,299
Fundraising expenses
$0
Program service expenses (Part III)
$2,846,521

Program services were 94.8% 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: RENTAL INCOME

    total $4,485,677 · related or exempt $4,485,677

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $316 · excluded $316

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $267,896 · program services $170,715 · management and general $97,181

  • 8 · Pension plan contributions

    total $1,589 · program services $1,560 · management and general $29

  • 9 · Other employee benefits

    total $123,024 · program services $120,752 · management and general $2,272

  • 11c · Fees: accounting

    total $45,307 · management and general $45,307

  • 11g · Fees: other

    total $61,467 · program services $61,467 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $54,365 · program services $43,855 · management and general $10,510

  • 16 · Occupancy

    total $1,059,895 · program services $1,059,895

  • 20 · Interest

    total $1,087,207 · program services $1,087,207

  • 22 · Depreciation, depletion and amortization

    total $262,703 · program services $262,703

  • 23 · Insurance

    total $38,367 · program services $38,367

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,629 · end of year $4,629

  • 2 · Savings and temporary cash investments

    beginning of year $957,026 · end of year $1,001,954

  • 4 · Accounts receivable

    end of year $18,858

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $87,709 · end of year $91,693

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

    $8,360,291

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

    $3,367,845

  • 10c · Land, buildings and equipment, net

    beginning of year $5,085,676 · end of year $4,992,446

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $18,322,095 · end of year $19,512,355

  • 17 · Accounts payable and accrued expenses

    end of year $14,192

  • 21 · Escrow or custodial account liability

    beginning of year $78,082 · end of year $75,513

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $17,862,467 · end of year $17,531,471

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $6,516,586 · end of year $8,000,759

Mission and programs · 2023

Mission

Withheld by Nonprofiteer: this text may name a private individual.

Activities or mission (Part I)

Withheld by Nonprofiteer: this text may name a private individual.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $2,846,521 · Revenue $4,485,677

As filed on the 2023 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • MIGUEL A FUENTES JR

    PRESIDENT AND CEO

    Total calculated
    $2,374,107
    From this org
    $0
    From related orgs
    $2,309,674
    Other
    $64,433
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,501,130 related
    Bonus
    $0 + $800,139 related
    Other
    $0 + $8,405 related
    Deferred
    $0 + $27,989 related
    Nontaxable benefits
    $0 + $36,444 related
    Filer's total
    $0 + $2,374,107 related

  • VICTOR G DEMARCO

    SENIOR VICE PRESIDENT AND CFO

    Total calculated
    $1,145,209
    From this org
    $0
    From related orgs
    $1,079,583
    Other
    $65,626
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $799,678 related
    Bonus
    $0 + $249,000 related
    Other
    $0 + $30,905 related
    Deferred
    $0 + $27,989 related
    Nontaxable benefits
    $0 + $37,637 related
    Filer's total
    $0 + $1,145,209 related

  • MICHELLE A DREYER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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 · 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 3 Arrangement used to establish the top management official's compensation
BRONXCARE HEALTH SYSTEM (BCHS), A RELATED ENTITY, USES A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, WRITTEN EMPLOYMENT CONTRACT AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE TO DETERMINE THE SALARY OF THE PRESIDENT & CEO, AND THE SENIOR VICE PRESIDENT CFO.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
MR. VICTOR G. DEMARCO PARTICIPATES IN A 457(F) PLAN. THERE WERE NO CONTRIBUTIONS TO THE PLAN DURING 2023.

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 corporations and trusts

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

  • BronxCare Development Corporation

    C Corporation · Real Estate Development · NY · 100% owned · share of income $2 · share of assets $3,024

    Directly controlled by BronxCare Health Systems

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202403199349315000

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