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Nonprofiteer
← HUMAN TECHNOLOGIES PROPERTIES CORPORATION

Form 990 for tax year 2022

Filed by HUMAN TECHNOLOGIES PROPERTIES CORPORATION.

Totals

Total revenue
$819,478
Total expenses
$301,500
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$80,623
Investment income
$738,855
Other revenue
$0
Total assets, end of year
$1,019,465
Total liabilities, end of year
$50,337
Net assets or fund balances, end of year
$969,128
Program services expenses (Part IX)
$301,500
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$301,500

Program services were 100.0% 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 PROPERTY

    total $80,623 · related or exempt $80,623

  • 7a · Gross sales of assets other than inventory

    other assets $1,000,000

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

    other assets $261,145

  • 7c · Gain or loss

    other assets $738,855

  • 7d · Net gain or loss

    total $738,855 · related or exempt $738,855

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $13,140 · program services $13,140

  • 13 · Office expenses

    total $165 · program services $165

  • 22 · Depreciation, depletion and amortization

    total $13,170 · program services $13,170

  • 23 · Insurance

    total $1,378 · program services $1,378

  • 24a · Other expenses: OUTSIDE SERVICES

    total $216,670 · program services $216,670

  • 24b · Other expenses: PROPERTY TAXES

    total $18,887 · program services $18,887

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $17,040 · program services $17,040

  • 24d · Other expenses: UTILITIES

    total $11,765 · program services $11,765

  • 24e · All other expenses

    total $9,285 · program services $9,285

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $45,543 · end of year $4,421

  • 4 · Accounts receivable

    beginning of year $25,956 · end of year $9,930

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

    $984,435

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

    $19,073

  • 10c · Land, buildings and equipment, net

    beginning of year $1,160,226 · end of year $965,362

  • 15 · Other assets

    beginning of year $0 · end of year $39,752

  • 17 · Accounts payable and accrued expenses

    beginning of year $800 · end of year $50,337

  • 25 · Other liabilities

    beginning of year $779,775 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $451,150 · end of year $969,128

Mission and programs · 2022

Mission

THE ORGANIZATION OWNS PROPERTY FOR RENTAL AND FUTURE DEVELOPMENT PURPOSES.

Activities or mission (Part I)

THE ORGANIZATION OWNS REAL PROPERTY FOR RENTAL AND FUTURE DEVELOPMENT PURPOSES.

  • HUMAN TECHNOLOGIES PROPERTIES CORP. OWNED AND OPERATED A BUILDING WHICH WAS RENTED TO A THIRD PARTY FOR PART OF THE CURRENT YEAR PRIOR TO THE SALE OF THE BUILDING, SEE OTHER REVENUES PER THE STATEMENT OF REVENEUES.HUMAN TECHNOLOGIES PROPERTIES CORP. ALSO OWNES VACANT LAND FOR FUTURE DEVELOPMENT. IN ADDITION, LOTS RELATING TO ONE ACQUISITION ARE BEING RENTED AS PART OF A MANUFACTURED HOUSING COMMUNITY.

    Expenses $301,500 · Revenue $819,478

As filed on the 2022 return.

Listed in Part VII

  • David T Casullo

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Ryan C Miller

    FIRST VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Scott C McCartney

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Robert A McCrae

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Timothy Giarrusso

    PRESIDENT & CEO

    Total calculated
    $402,372
    From this org
    $0
    From related orgs
    $390,090
    Other
    $12,282
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $342,534 related
    Bonus
    $0 + $45,348 related
    Other
    $0 + $2,208 related
    Deferred
    $0 + $11,322 related
    Nontaxable benefits
    $0 + $960 related
    Filer's total
    $0 + $402,372 related

  • Carl Reistrom

    CFO

    Total calculated
    $260,820
    From this org
    $0
    From related orgs
    $253,790
    Other
    $7,030
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $219,190 related
    Bonus
    $0 + $33,830 related
    Other
    $0 + $770 related
    Deferred
    $0 + $6,070 related
    Nontaxable benefits
    $0 + $960 related
    Filer's total
    $0 + $260,820 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

  • 6b · Pay contingent on a related organization's net earnings

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE PRESIDENT/CEO ALSO SERVES AS PRESIDENT/CEO OF HUMAN TECHNOLOGIES CORPORATION, A RELATED ORGANIZATION. HUMAN TECHNOLOGIES CORPORATION ESTABLISHES HIS COMPENSATION BASED ON COMPENSATION SURVEYS AND STUDIES AND APPROVAL BY THE EXECUTIVE COMMITTEE.
PART I, LINE 6
HUMAN TECHNOLOGIES CORPORATION, A RELATED ORGANIZATION, HAS A MISSION INCENTIVE PLAN AVALIABLE BASED ON FINANCIAL PERFORMANCE THAT STRENGTHENS THE STATUS OF THE ORGANIZATION AND ADVANCING THE MISSION BY CREATING ADDITIONAL EMPLOYMENT OPPORTUNITIES FOR PEOPLE WITH DISABILITIES.

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
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202313179349303071

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