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Nonprofiteer
← BCHN HOLDINGS INC

Form 990 for tax year 2024

Filed by BCHN HOLDINGS INC.

Totals

Total revenue
$1,189,628
Total expenses
$262,262
Contributions and grants received
$1,098,612
Grants paid
$0
Program service revenue
$0
Investment income
$91,016
Other revenue
$0
Total assets, end of year
$6,123,285
Total liabilities, end of year
$5,195,919
Net assets or fund balances, end of year
$927,366
Program services expenses (Part IX)
$216,318
Management and general expenses
$45,944
Fundraising expenses
$0
Program service expenses (Part III)
$216,318

Program services were 82.5% 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.

  • 1d · Related organizations

    $1,098,612

  • 3 · Investment income

    total $91,016 · excluded $91,016

Functional expenses

Part IX, the statement of functional expenses.

  • 13 · Office expenses

    total $45,944 · management and general $45,944

  • 20 · Interest

    total $216,318 · program services $216,318

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $10,285

  • 7 · Other notes and loans receivable

    end of year $6,113,000

  • 24 · Unsecured notes and loans payable

    end of year $3,008,352

  • 25 · Other liabilities

    beginning of year $0 · end of year $2,187,567

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $927,366

Mission and programs · 2024

Mission

BCHN HOLDINGS, INC. WAS FORMED TO BENEFIT BRONX COMMUNITY HEALTH NETWORK, INC., FOR THE PURPOSE TO FACILITATE THE BORROWINGS RELATED TO A NEW MARKETS TAX CREDIT TRANSACTION TO FINANCE THE RENOVATION OF A LEASED BUILDING LOCATED IN THE NORTHEAST SECTION OF THE BRONX, NEW YORK.

  • THE PURPOSE OF BCHN HOLDINGS, INC. IS TO EXCLUSIVELY SUPPORT AND BENEFIT BRONX COMMUNITY HEALTH NETWORK, INC. TO ASSIST BRONX COMMUNITY HEALTH NETWORK, INC. WITH THE DEVELOPMENT AND CONSTRUCTION OF A HEALTH CARE FACILITY IN BRONX, NEW YORK, TO BENEFIT RESIDENTS OF BRONX, NEW YORK AND RESIDENTS OF ADJACENT BOROUGHS.

    Expenses $216,318

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JAMES CAREY

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JAMES PAINE

    CEO/BOARD MEMBER

    Total calculated
    $325,000
    From this org
    $0
    From related orgs
    $325,000
    Other
    $0
    Hours/week
    1 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $325,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $325,000 related

  • JAY IZES MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOHN RUIZ

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MICHEL HODGE EDD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ALICIA TENNY

    CFO

    Total calculated
    $69,468
    From this org
    $0
    From related orgs
    $60,470
    Other
    $8,998
    Hours/week
    1 + 37.5 related

  • JOSE VIRELLA

    OUTGOING CFO

    Total calculated
    $120,215
    From this org
    $0
    From related orgs
    $102,963
    Other
    $17,252
    Hours/week
    1 + 37.5 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)

PART I, LINE 3
ALL COMPENSATION IS DETERMINED BY A RELATED ORGANIZATION USING THE FOLLOWING: THE BOARD OF DIRECTORS APPROVES COMPENSATION FOR THE CHIEF EXECUTIVE OFFICER.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
4 November 2025
IRS schema version
2024v5.2
Source object
202503099349302090

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