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Nonprofiteer
← RIVERHEAD HOSTEL HOLDING CORP

Form 990 for tax year 2024

Filed by RIVERHEAD HOSTEL HOLDING CORP.

Totals

Total revenue
$0
Total expenses
$80,180
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$3,186,103
Total liabilities, end of year
$21,399
Net assets or fund balances, end of year
$3,164,704
Program services expenses (Part IX)
$70,817
Management and general expenses
$9,363
Fundraising expenses
$0
Program service expenses (Part III)
$70,817

Program services were 88.3% 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.

  • 2f · All other program service revenue

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

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8c · Net income from fundraising events

    total $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.

  • 11c · Fees: accounting

    total $9,363 · program services $0 · management and general $9,363 · fundraising $0

  • 11g · Fees: other

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

  • 22 · Depreciation, depletion and amortization

    total $70,817 · program services $70,817 · management and general $0 · fundraising $0

  • 24e · All other expenses

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

Balance sheet

Part X, book values.

  • 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

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

    $2,397,347

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

    $178,924

  • 10c · Land, buildings and equipment, net

    beginning of year $2,289,239 · end of year $2,218,423

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $967,680 · end of year $967,680

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,685 · end of year $7,000

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $5,350 · end of year $14,399

  • 27 · Net assets without donor restrictions

    beginning of year $3,244,884 · end of year $3,164,704

Mission and programs · 2024

Mission

RIVERHEAD HOSTEL HOLDING CORP. IS A HOLDING COMPANY THAT OWNS REAL ESTATE PROPERTIES FOR THE BENEFIT OF ITS PARENT ORGANIZATION, MARYHAVEN CENTER OF HOPE, INC. AND ITS RELATED NON-PROFIT PROGRAMS.

Activities or mission (Part I)

REAL ESTATE HOLDING COMPANY THAT OWNS REAL ESTATE PROPERTIES FOR THE BENEFIT OF ITS PARENT ORGANZIATION AND ITS RELATED NON-PROFIT PROGRAMS.

  • RIVERHEAD HOSTEL HOLDING CORP. IS A HOLDING COMPANY THAT OWNS REAL ESTATE PROPERTIES FOR THE BENEFIT OF ITS PARENT ORGANIZATION, MARYHAVEN CENTER OF HOPE, INC. AND ITS RELATED NON-PROFIT PROGRAMS.

    Expenses $70,817

As filed on the 2024 return.

Listed in Part VII

  • Brian Boyle

    TREASURER

    Total calculated
    $0
    Hours/week
    0.2 + 1.8 related

  • Chris McCann

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.2 + 1.8 related

  • Dr Joseph Morris

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.2 + 3 related

  • Honorable Paul Pontieri

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.2 + 3 related

  • Donna Loduca

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2 + 1.8 related

  • Dr Fredic Weinbaum

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2 + 1.8 related

  • Gary Bencivenga

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2 + 2 related

  • James Martinsen

    TRUSTEE

    Total calculated
    $2,500
    From this org
    $0
    From related orgs
    $0
    Other
    $2,500
    Hours/week
    0.2 + 1.8 related

  • Jay I Zuckerman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2 + 1.8 related

  • John Aicher Esq

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2 + 1.8 related

  • Joshua D Gleiber

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2 + 1.8 related

  • Leah-Michelle Jefferson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2 + 1.8 related

  • Leonard Feinstein

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2 + 1.8 related

  • Michele M Knapp

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2 + 1.8 related

  • Nella Hahn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2 + 2.2 related

  • Rena Ferguson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2 + 1.8 related

  • Stuart Gleiber

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2 + 1.8 related

  • Thomas Cullen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2 + 2.2 related

  • Thomas Killeen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2 + 1.8 related

  • William Archer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2 + 1.8 related

  • Danuta Poniatowski

    CFO AS OF DEC. 2024

    Total calculated
    $315,026
    From this org
    $0
    From related orgs
    $254,426
    Other
    $60,600
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $228,520 related
    Bonus
    $0
    Other
    $0 + $25,906 related
    Deferred
    $0 + $11,788 related
    Nontaxable benefits
    $0 + $48,812 related
    Filer's total
    $0 + $315,026 related

  • Mary Beth Lichtneger

    CHIEF OPERATING OFFICER

    Total calculated
    $584,958
    From this org
    $0
    From related orgs
    $505,354
    Other
    $79,604
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $424,964 related
    Bonus
    $0 + $41,093 related
    Other
    $0 + $39,297 related
    Deferred
    $0 + $31,512 related
    Nontaxable benefits
    $0 + $48,092 related
    Filer's total
    $0 + $584,958 related

  • Walter Stockton

    CEO/PRESIDENT

    Total calculated
    $807,372
    From this org
    $0
    From related orgs
    $709,188
    Other
    $98,184
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $619,330 related
    Bonus
    $0 + $39,000 related
    Other
    $0 + $50,858 related
    Deferred
    $0 + $31,812 related
    Nontaxable benefits
    $0 + $66,372 related
    Filer's total
    $0 + $807,372 related

  • Charles Vanek

    EXECUTIVE DIRECTOR

    Total calculated
    $519,945
    From this org
    $0
    From related orgs
    $456,144
    Other
    $63,801
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $380,363 related
    Bonus
    $0 + $1,949 related
    Other
    $0 + $73,832 related
    Deferred
    $0 + $31,204 related
    Nontaxable benefits
    $0 + $32,597 related
    Filer's total
    $0 + $519,945 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

  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
RIVERHEAD HOSTEL HOLDING CORP. DOES NOT COMPENSATE THE ORGANIZATION'S CEO, WALTER STOCKTON. KINEXION, THE SOLE CORPORATE OWNER OF THE REPORTING ORGANIZATION, PAID COMPENSATION TO THE CEO. KINEXION HAS ESTABLISHED HIS COMPENSATION USING: INDEPENDENT COMPENSATION CONSULTANT, FORM 990 TAX RETURNS OF OTHER ORGANIZATIONS, COMPENSATION SURVEYS OR STUDY, AND APPROVAL BY THE BOARD OF DIRECTORS OR COMPENSATION COMMITTEE. KINEXION HAS WRITTEN EMPLOYMENT AGREEMENTS IN PLACE FOR HIM, WHICH OUTLINES COMPENSATION INCLUDING ALL FORMS OF WAGES AND FRINGE BENEFITS. KINEXION USES AN OUTSIDE INDEPENDENT ACCOUNTING CONSULTANT FIRM WITH EXPERTISE IN THE NOT-FOR PROFIT INDUSTRY TO PERFORM COMPENSATION ANALYSES OF THE EXECUTIVE POSITIONS. THE COMPENSATION ANALYSIS INCLUDES COMPENSATION SURVEYS OF COMPARABLE POSITIONS BASED UPON THE COMPENSATION AND FRINGE BENEFITS REPORTED ON THE 990 TAX RETURNS FOR COMPARABLE AGENCIES IN THE INDUSTRY. THE RESULTS OF THE COMPENSATION ANALYSIS ARE PRESENTED TO THE BOARD OF DIRECTORS, WHO REVIEW THE ANALYSIS TO DETERMINE APPROPRIATE COMPENSATION LEVELS AND ENSURE COMPLIANCE WITH THE DUE DILIGENCE GUIDELINES AS OUTLINED IN IRC 4958. THE BASIS FOR ITS DETERMINATION AND ALL DECISIONS MADE ARE CONTEMPORANEOUSLY DOCUMENTED IN MEETING MINUTES. THE ORGANIZATION REGULARLY COMMISSIONS AN INDEPENDENT COMPENSATION STUDY; THE LAST SURVEY WAS COMPLETED IN 2024.
Schedule J, Part I, Line 4a Severance or change-of-control payment
JAMES MARTINSEN, TRUSTEE RECEIVED A SEVERANCE PAYMENT OF $2,500.00 FOR HEALTH INSURANCE COVERAGE PAID THROUGH AFFILIATE: EAST END DISABILITY ASSOCIATES, INC.

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.

  • KINEXION LTC PHARMACY LLC

    N/A · PHARMACY · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by KINEXION

Related corporations and trusts

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

  • KINEXION MEDICAL SERVICES PC

    C Corporation · MEDICAL SERVICES · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by KINEXION

  • MARYHAVEN SCHOOL

    C Corporation · SCHOOL · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by MARYHAVENCTR

Provenance

Return type
form_990
Tax year
2024
Filed
6 November 2025
IRS schema version
2024v5.1
Source object
202503109349300505

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