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Nonprofiteer
← HIGHLAND COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by HIGHLAND COMMUNITY DEVELOPMENT CORPORATION.

Totals

Total revenue
$12,889,705
Total expenses
$13,237,703
Contributions and grants received
$139,668
Grants paid
$0
Program service revenue
$11,984,641
Investment income
$757,247
Other revenue
$8,149
Total assets, end of year
$45,050,143
Total liabilities, end of year
$40,031,474
Net assets or fund balances, end of year
$5,018,669
Program services expenses (Part IX)
$10,484,136
Management and general expenses
$2,753,567
Fundraising expenses
$0
Program service expenses (Part III)
$10,484,136

Program services were 79.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MICHAEL P RIORDAN

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ELIZABETH GARRETT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM J HALL MD

    BOARD MEMBER

    Total calculated
    $321
    From this org
    $0
    From related orgs
    $0
    Other
    $321
    Hours/week
    1

  • ROBERT LATELLA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ROBBIE MAGEE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GERALD VAN STRYDONK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ROBERT MCCANN MD

    BOARD MEMBER

    Total calculated
    $571,354
    From this org
    $0
    From related orgs
    $501,910
    Other
    $69,444
    Hours/week
    1 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $497,753 related
    Bonus
    $0
    Other
    $0 + $4,157 related
    Deferred
    $0 + $42,637 related
    Nontaxable benefits
    $0 + $26,807 related
    Filer's total
    $0 + $571,354 related

  • VALERIE C BENJAMIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • STEVEN I GOLDSTEIN

    PRESIDENT & CEO

    Total calculated
    $1,848,105
    From this org
    $0
    From related orgs
    $1,633,548
    Other
    $214,557
    Hours/week
    1 + 70 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,528,811 related
    Bonus
    $0
    Other
    $0 + $104,737 related
    Deferred
    $0 + $191,337 related
    Nontaxable benefits
    $0 + $23,220 related
    Filer's total
    $0 + $1,848,105 related

  • CARRIE FULLER-SPENCER

    CFO

    Total calculated
    $673,582
    From this org
    $0
    From related orgs
    $582,619
    Other
    $90,963
    Hours/week
    1 + 63 related

    Schedule J breakdown matched by us

    Base
    $0 + $579,573 related
    Bonus
    $0
    Other
    $0 + $3,046 related
    Deferred
    $0 + $55,837 related
    Nontaxable benefits
    $0 + $35,126 related
    Filer's total
    $0 + $673,582 related

  • ELIZABETH NESSLE

    SR DIRECTOR OF LTC FINANCIAL SERVICES

    Total calculated
    $148,155
    From this org
    $121,654
    From related orgs
    $0
    Other
    $26,501
    Hours/week
    45

  • LLOYD THEISS

    ADMINISTRATOR

    Total calculated
    $212,122
    From this org
    $188,657
    From related orgs
    $0
    Other
    $23,465
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $188,657
    Bonus
    $0
    Other
    $0
    Deferred
    $6,896
    Nontaxable benefits
    $16,569
    Filer's total
    $212,122

  • MARIA SOMMERVILLE

    DIRECTOR OF SALES AND MARKETING

    Total calculated
    $119,919
    From this org
    $102,258
    From related orgs
    $0
    Other
    $17,661
    Hours/week
    45

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
TOP MANAGEMENT COMPENSATION AS PROVIDED IN THE FORM 990, SCHEDULE J INSTRUCTIONS, SINCE THE ORGANIZATION RELIES ON A RELATED ORGANIZATION WHICH USES ONE OR MORE OF THE METHODS DESCRIBED IN LINE 3 TO ESTABLISH THE TOP MANAGEMENT OFFICIALS' COMPENSATION, THIS QUESTION HAS BEEN LEFT UNASWERED. REFER TO SCHEDULE O, DESCRIPTION OF COMPENSATION REVIEW AND APPROVAL.
PART I, LINE 4B
SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN PARTICIPATION FORM 990, SCHEDULE J, PART I, LINE 4B THE FOLLOWING INDIVIDUALS LISTED ON FORM 990, PART VII, SECTION A PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN AND RECEIVED EMPLOYER PAID AMOUNTS THAT ARE INCLUDED IN DEFERRED COMPENSATION: STEVEN I. GOLDSTEIN SERP PLAN $159,400 ROBERT MCCANN, MD SERP PLAN $12,800 CARRIE FULLER-SPENCER SERP PLAN $25,000

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.

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202443199349305379

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