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Nonprofiteer
← PROVIDENT GROUP - TUBMAN QUAD PROPERTIES INC

Form 990 for tax year 2022

Filed by PROVIDENT GROUP - TUBMAN QUAD PROPERTIES INC.

Totals

Total revenue
$4,779,256
Total expenses
$11,240,384
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$4,779,256
Investment income
$0
Other revenue
$0
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$11,063,122
Management and general expenses
$177,262
Fundraising expenses
$0
Program service expenses (Part III)
$11,063,122

Program services were 98.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • DONOVAN O HICKS

    Vice President/Secretary

    Total calculated
    $751,082
    From this org
    $0
    From related orgs
    $713,316
    Other
    $37,766
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $323,860 related
    Bonus
    $0 + $345,000 related
    Other
    $0 + $44,456 related
    Deferred
    $0 + $12,200 related
    Nontaxable benefits
    $0 + $25,566 related
    Filer's total
    $0 + $751,081 related

  • MARLA P SCANNICCHIO

    Vice President

    Total calculated
    $498,464
    From this org
    $0
    From related orgs
    $451,706
    Other
    $46,758
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $272,960 related
    Bonus
    $0 + $165,000 related
    Other
    $0 + $13,746 related
    Deferred
    $0 + $12,200 related
    Nontaxable benefits
    $0 + $34,558 related
    Filer's total
    $0 + $498,464 related

  • CHRISTOPHER HICKS

    Director

    Total calculated
    $972,486
    From this org
    $0
    From related orgs
    $934,379
    Other
    $38,107
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $348,423 related
    Bonus
    $0 + $585,000 related
    Other
    $0 + $956 related
    Deferred
    $0 + $12,200 related
    Nontaxable benefits
    $0 + $25,907 related
    Filer's total
    $0 + $972,486 related

  • STEVE HICKS

    President

    Total calculated
    $971,868
    From this org
    $0
    From related orgs
    $946,021
    Other
    $25,847
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $547,866 related
    Bonus
    $0 + $375,000 related
    Other
    $0 + $23,155 related
    Deferred
    $0 + $12,200 related
    Nontaxable benefits
    $0 + $13,647 related
    Filer's total
    $0 + $971,868 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

None.

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)

Schedule J, Part I, Line 3 PROCESS FOR DETERMINING COMPENSATION
Provident Group - Tubman Quad Properties Inc. does not pay any employees, therefore, this line was left blank in accordance with the instructions. The officers of the organization are compensated solely by the related organization, Provident Resources Group, Inc. The following is the process used by Provident Resources Group, Inc. to determine compensation. The human resources department does a market review of compensation for all officers. That analysis is compared to historical compensation and evaluated relative to the percentile for the industry and size. Combined with performance evaluations, the analysis is presented to the Compensation Committee comprised of members of the governing board for their review, deliberation, and decision about where to set compensation for the officers. This process was used for the compensation of all officers of Provident Resources Group, Inc. Minutes are maintained to document the deliberations and actions of the committee.

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.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

1 distribution to a recipient named as a person, $17,524,939. Counted where the filer named the recipient as a person, as filed. Who received them, and what, are not published.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202323199349319282

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