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Nonprofiteer
← HCH REAL ESTATE COMPANY INC

Form 990 for tax year 2023

Filed by HCH REAL ESTATE COMPANY INC.

Totals

Total revenue
$2,420,136
Total expenses
$247,797
Contributions and grants received
$2,400,000
Grants paid
$0
Program service revenue
$0
Investment income
$20,136
Other revenue
$0
Total assets, end of year
$2,495,241
Total liabilities, end of year
$322,902
Net assets or fund balances, end of year
$2,172,339
Program services expenses (Part IX)
$159,279
Management and general expenses
$82,278
Fundraising expenses
$6,240
Program service expenses (Part III)
$159,279

Program services were 64.3% 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.

  • 1d · Related organizations

    $2,000,000

  • 1f · All other contributions, gifts and grants

    $400,000

  • 3 · Investment income

    total $20,136 · excluded $20,136

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $151,450 · program services $101,448 · management and general $45,836 · fundraising $4,166

  • 8 · Pension plan contributions

    total $3,447 · program services $2,309 · management and general $1,043 · fundraising $95

  • 9 · Other employee benefits

    total $38,153 · program services $25,557 · management and general $11,547 · fundraising $1,049

  • 11g · Fees: other

    total $6,321 · program services $858 · management and general $4,624 · fundraising $839

  • 13 · Office expenses

    total $230 · program services $47 · management and general $156 · fundraising $27

  • 14 · Information technology

    total $1,614 · program services $810 · management and general $774 · fundraising $30

  • 17 · Travel

    total $1,069 · program services $1,063 · management and general $3 · fundraising $3

  • 23 · Insurance

    total $44,185 · program services $25,936 · management and general $18,249

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $750 · program services $708 · management and general $41 · fundraising $1

  • 24b · Other expenses: MISCELLANEOUS

    total $308 · program services $275 · management and general $4 · fundraising $29

  • 24c · Other expenses: PROGRAM SERVICE SUPPLIE

    total $270 · program services $268 · management and general $1 · fundraising $1

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $2,495,241

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $199,816

  • 25 · Other liabilities

    beginning of year $0 · end of year $123,086

  • 27 · Net assets without donor restrictions

    end of year $2,172,339

  • 28 · Net assets with donor restrictions

    end of year $0

Mission and programs · 2023

Mission

DEVELOPS AFFORDABLE AND SUPPORTIVE MULTIFAMILY RENTAL HOUSING IN BALTIMORE. OUR PROJECTS ARE DESIGNED TO BE COMMUNITY-CENTERED, ENVIRONMENTALLY SUSTAINABLE AND DEEPLY AFFORDABLE.

Activities or mission (Part I)

TO PROMOTE ACCESS TO AFFORDABLE HOUSING AND SUSTAINABLE INCOMES FOR INDIVIDUALS LIVING IN THE GREATER BALTIMORE AREA, INCLUDING THROUGH THE DEVELOPMENT, RENOVATION AND REFINANCING OF AFFORDABLE AND SUPPORTIVE HOUSING PROJECTS.

  • HCH REAL ESTATE COMPANY, INC. DEVELOPS AFFORDABLE AND SUPPORTIVE MULTIFAMILY RENTAL HOUSING IN BALTIMORE. OUR PROJECTS ARE DESIGNED TO BE COMMUNITY-CENTERED, ENVIRONMENTALLY SUSTAINABLE AND DEEPLY AFFORDABLE.

    Expenses $159,279

As filed on the 2023 return.

Listed in Part VII

  • KEVIN LINDAMOOD

    CHAIR/PRESIDENT

    Total calculated
    $289,170
    From this org
    $0
    From related orgs
    $283,500
    Other
    $5,670
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $283,500 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,670 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $289,170 related

  • JOANNE E POLLAK

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ADAM RHOADES-BROWN

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • ATHENA HANIOTIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • GEORGE WATSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 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
THE OFFICERS, AND ALL EMPLOYEES OF HCH REAL ESTATE COMPANY, INC., ARE UNCOMPENSATED BY THE REPORTING ORGANIZATION. THE REPORTING ORGANIZATION RELIES ON HEALTH CARE FOR THE HOMELESS, INC., A RELATED ORGANIZATION, TO ESTABLISH COMPENSATION FOR OFFICERS, AND ALL PAYROLL IS PAID VIA THE RELATED ORGANIZATION.

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
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202403209349318860

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