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Nonprofiteer
← FOUNDATION FOR URBAN HEALTH AND WELL BEING

Form 990 for tax year 2023

Filed by FOUNDATION FOR URBAN HEALTH AND WELL BEING.

Totals

Total revenue
$1,583,552
Total expenses
$427,204
Contributions and grants received
$301,414
Grants paid
$21,000
Program service revenue
$0
Investment income
$1,317,470
Other revenue
-$35,332
Total assets, end of year
$48,485,365
Total liabilities, end of year
$7,751,301
Net assets or fund balances, end of year
$40,734,064
Program services expenses (Part IX)
$21,000
Management and general expenses
$369,635
Fundraising expenses
$36,569
Program service expenses (Part III)
$21,000

Program services were 4.9% 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.

  • 1c · Fundraising events

    $81,004

  • 1d · Related organizations

    $220,410

  • 3 · Investment income

    total $937,283 · excluded $937,283

  • 7a · Gross sales of assets other than inventory

    securities $1,770,737

  • 7b · Less cost or other basis and sales expenses

    securities $1,390,550

  • 7c · Gain or loss

    securities $380,187

  • 7d · Net gain or loss

    total $380,187 · excluded $380,187

  • 8a · Fundraising events: gross income

    $32,040

  • 8a · Fundraising events: contributions included on line 1c

    $81,004

  • 8b · Fundraising events: direct expenses

    $67,372

  • 8c · Net income from fundraising events

    total -$35,332 · excluded -$35,332

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $21,000 · program services $21,000

  • 11f · Fees: investment management

    total $262,323 · management and general $262,323

  • 11g · Fees: other

    total $12,160 · management and general $12,160

  • 20 · Interest

    total $92,165 · management and general $92,165

  • 23 · Insurance

    total $1,979 · management and general $1,979

  • 24a · Other expenses: FUNDRASING EVENT EXPENS

    total $36,569 · fundraising $36,569

  • 24b · Other expenses: DUES, FEES AND SUBSCRIP

    total $775 · management and general $775

  • 24c · Other expenses: FILING FEES

    total $233 · management and general $233

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,296,340 · end of year $1,037,934

  • 2 · Savings and temporary cash investments

    end of year $504,265

  • 7 · Other notes and loans receivable

    end of year $7,292,800

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,762 · end of year $1,787

  • 11 · Investments: publicly traded securities

    beginning of year $33,763,881 · end of year $38,897,895

  • 12 · Investments: other securities

    end of year $410,941

  • 15 · Other assets

    beginning of year $0 · end of year $339,743

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,688 · end of year $7,230

  • 23 · Secured mortgages and notes payable

    end of year $5,783,236

  • 25 · Other liabilities

    beginning of year $0 · end of year $1,960,835

  • 27 · Net assets without donor restrictions

    beginning of year $34,192,575 · end of year $39,672,441

  • 28 · Net assets with donor restrictions

    beginning of year $854,720 · end of year $1,061,623

Mission and programs · 2023

Mission

TO PROMOTE THE HEALTHY WELL-BEING OF THE RESIDENTS OF THE CITY OF NEW YORK, SUPPORT ACCESS TO PROGRAMS ADDRESSING THE NEEDS OF MEDICALLY INDIGENT RESIDENTS, AND CONDUCT LAWFUL ACTIVITIES FOR CHARITABLE PURPOSES, IN ALIGNMENT WITH THE GOALS OF URBAN HEALTH PLAN, INC.

Activities or mission (Part I)

TO IMPROVE THE WELL-BEING OF NYC RESIDENTS, PARTICULARLY THE MEDICALLY INDIGENT, THROUGH CHARITABLE ACTIVITIES IN COLLABORATION WITH URBAN HEALTH PLAN, INC.

  • ASSISTED WITH THE FINANCING STRUCTURE OF THE NEW MARKET TAX CREDIT DEAL AND THE CONSTRUCTION OF A NEW MEDICAL FACILITY WITH ITS PARENT COMPANY, URBAN HEALTH PLAN, INC.

    Expenses $21,000 · Grants $21,000

As filed on the 2023 return.

Listed in Part VII

  • CLIFFORD CHARLES

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • FRANCIA CASTRO

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • PALOMA HERNANDEZ

    PRESIDENT

    Total calculated
    $879,680
    From this org
    $0
    From related orgs
    $827,566
    Other
    $52,114
    Hours/week
    5 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $515,263 related
    Bonus
    $0
    Other
    $0 + $312,303 related
    Deferred
    $0 + $32,400 related
    Nontaxable benefits
    $0 + $19,714 related
    Filer's total
    $0 + $879,680 related

  • ROSEMARIE LONGO

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • PAUL ACINAPURA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BERENICE DIAZ

    VP OF FINANCE & CFO

    Total calculated
    $441,799
    From this org
    $0
    From related orgs
    $368,995
    Other
    $72,804
    Hours/week
    5 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $298,847 related
    Bonus
    $0
    Other
    $0 + $70,148 related
    Deferred
    $0 + $32,400 related
    Nontaxable benefits
    $0 + $40,404 related
    Filer's total
    $0 + $441,799 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

  • 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)

PART I, LINE 3
ALL COMPENSATION IS DETERMINED BY A RELATED ORGANIZATION USING THE FOLLOWING: THE COMPENSATION COMMITTEE OF THE BOARD REVIEWS AND RECOMMENDS THE SALARY LEVEL OF THE CEO AFTER REVIEWING COMPETITIVE SALARY LEVELS AT SIMILAR ORGANIZATIONS AND COMPENSATION SURVEYS, AS WELL AS CONSIDERING THE PERFORMANCE OF THE INDIVIDUAL.
PART I, LINE 4B
PALOMA HERNANDEZ PARTICIPATES IN A 457(F) RETIREMENT PLAN. IN 2023, RECEIVED DISTRIBUTION OF $276,761.

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

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
12 November 2024
IRS schema version
2023v5.1
Source object
202433189349304723

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