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Nonprofiteer
← HARBOR HOMES II INC

Form 990 for tax year 2022

Filed by HARBOR HOMES II INC.

Totals

Total revenue
$214,631
Total expenses
$212,557
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$195,373
Investment income
$164
Other revenue
$19,094
Total assets, end of year
$260,956
Total liabilities, end of year
$476,184
Net assets or fund balances, end of year
-$215,228
Program services expenses (Part IX)
$197,534
Management and general expenses
$15,023
Fundraising expenses
$0
Program service expenses (Part III)
$197,534

Program services were 92.9% 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: Rent/Housing Services

    total $195,373 · related or exempt $195,373

  • 3 · Investment income

    total $164 · excluded $164

  • 9a · Gaming: gross income

    $25,344

  • 9b · Gaming: direct expenses

    $6,250

  • 9c · Net income from gaming

    total $19,094 · excluded $19,094

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $10,452 · management and general $10,452

  • 11c · Fees: accounting

    total $5,691 · program services $5,601 · management and general $90

  • 11g · Fees: other

    total $57,932 · program services $55,124 · management and general $2,808

  • 13 · Office expenses

    total $4,532 · program services $2,859 · management and general $1,673

  • 14 · Information technology

    total $1,157 · program services $1,157

  • 16 · Occupancy

    total $46,017 · program services $46,017

  • 20 · Interest

    total $19,670 · program services $19,670

  • 22 · Depreciation, depletion and amortization

    total $23,834 · program services $23,834

  • 23 · Insurance

    total $4,969 · program services $4,969

  • 24a · Other expenses: Facility repairs/maint.

    total $38,303 · program services $38,303

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $14,978 · end of year $4,094

  • 4 · Accounts receivable

    beginning of year $3,927 · end of year $2,661

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

    $905,600

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

    $682,566

  • 10c · Land, buildings and equipment, net

    beginning of year $240,978 · end of year $223,034

  • 15 · Other assets

    beginning of year $25,543 · end of year $31,167

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,016 · end of year $4,465

  • 23 · Secured mortgages and notes payable

    beginning of year $235,779 · end of year $192,470

  • 25 · Other liabilities

    beginning of year $256,933 · end of year $279,249

  • 27 · Net assets without donor restrictions

    beginning of year -$217,302 · end of year -$215,228

Mission and programs · 2022

Mission

To create and provide quality residential and supportive services for persons (and their families) challenged by mental illness and homelessness.

Activities or mission (Part I)

Residential and support services for persons challenged by mental illness and homelessness.

  • During the period covered by this tax return, the Organization continued to provide permanent housing and supportive services for individuals challenged with severe mental health disorders and/or other medical disabilities. The facility operates under Section 202 of the National Housing Act.

    Expenses $197,534 · Revenue $195,373

As filed on the 2022 return.

Listed in Part VII

  • Thomas Arnold III

    Board Member

    Total calculated
    $0
    Hours/week
    0.25 + 2 related

  • Vijay Bhatt

    Board Member

    Total calculated
    $0
    Hours/week
    0.25 + 2 related

  • Vincent Chamberlain

    Board Member (start 2/2023)

    Total calculated
    $0
    Hours/week
    0.25 + 2 related

  • Rosemarie Dykeman

    Board Member

    Total calculated
    $0
    Hours/week
    0.25 + 2 related

  • Sekondi Foster

    Board Member

    Total calculated
    $0
    Hours/week
    0.25 + 2 related

  • Alison C Madden MD

    Board Member

    Total calculated
    $0
    Hours/week
    0.25 + 2 related

  • Lanna Martin

    Board Member

    Total calculated
    $0
    Hours/week
    0.25 + 2 related

  • Dan Sallet

    Board Chair

    Total calculated
    $0
    Hours/week
    0.25 + 2 related

  • Rick Plante

    Vice Chair

    Total calculated
    $0
    Hours/week
    0.25 + 2 related

  • Jared Freilich

    Treasurer

    Total calculated
    $0
    Hours/week
    0.25 + 2 related

  • Ed McDonough

    Asst. Treasurer

    Total calculated
    $0
    Hours/week
    0.25 + 2 related

  • Joel Jaffe

    Secretary

    Total calculated
    $0
    Hours/week
    0.25 + 2 related

  • Laurie Goguen

    Asst. Secretary

    Total calculated
    $0
    Hours/week
    0.25 + 2 related

  • Peter Kelleher

    President & CEO (end 10/2022)

    Total calculated
    $385,741
    From this org
    $0
    From related orgs
    $350,970
    Other
    $34,771
    Hours/week
    0.25 + 39.75 related

    Schedule J breakdown matched by us

    Base
    $0 + $280,470 related
    Bonus
    $0
    Other
    $0 + $70,500 related
    Deferred
    $0 + $10,305 related
    Nontaxable benefits
    $0 + $24,466 related
    Filer's total
    $0 + $385,741 related

  • Henry Och

    COO (end 10/22); CEO (eff 10/22)

    Total calculated
    $278,340
    From this org
    $0
    From related orgs
    $258,607
    Other
    $19,733
    Hours/week
    0.25 + 39.75 related

    Schedule J breakdown matched by us

    Base
    $0 + $248,607 related
    Bonus
    $0 + $10,000 related
    Other
    $0
    Deferred
    $0 + $10,633 related
    Nontaxable benefits
    $0 + $9,100 related
    Filer's total
    $0 + $278,340 related

  • Ana Pancine

    CFO

    Total calculated
    $248,400
    From this org
    $0
    From related orgs
    $207,094
    Other
    $41,306
    Hours/week
    0.25 + 39.75 related

    Schedule J breakdown matched by us

    Base
    $0 + $173,863 related
    Bonus
    $0 + $26,500 related
    Other
    $0 + $6,731 related
    Deferred
    $0 + $10,805 related
    Nontaxable benefits
    $0 + $30,501 related
    Filer's total
    $0 + $248,400 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

  • 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
The Organization's process for determining the compensation of officers and key employees is ultimately decided by Harbor Homes, Inc., a related organization. The President and CEO is employed by contract, which is reviewed before it expires. The Board of Directors engages legal counsel and other qualified experts for assistance in reviewing the CEO employment contract and any compensation and/or benefit agreements. The base for CEO's compensation is compared with other nonprofit CEOs, reviewed by legal counsel, and approved by the Board of Directors prior to agreement to ensure reasonableness. The President and CEO is responsible for determining and reviewing the compensation of employees and officers that report directly back to the CEO. In cases where the CEO and any directly reporting employees also involves an individual who shares some conflict of interest with the CEO, the CEO will follow the procedures outlined above for determining the President and CEO's own compensation agreement.
Part I, Line 4b
The Organization participates in the consolidated Harbor Care supplemental non-qualified retirement plans and deferred compensation agreements that are provided to certain executives and highly compensated employees. The amounts ultimately due to employees under the plans are to be paid upon the employees attaining certain criteria, including age. Harbor Homes, Inc. maintains a 457(f) ineligible deferred compensation plan for Peter Kelleher, the Organization's President & CEO. Under the terms of the plan, Mr. Kelleher's balance in the plan became vested by June 30, 2022, and he became entitled to receive amounts vested within 30 days of that date. Mr. Kelleher's term of service with the Organization concluded by October 2022. Subsequent to the end of his term of service and after the calendar year ending December 2022, Mr. Kelleher took final distributions of $55,741, which include earnings, from his 457(f) Plan and liquidated his account. Accordingly, such distributions are not reported on this Form 990 for the period ending June 30, 2023, as this Form 990 reports compensation relative to the calendar year ending 2022; Mr. Kelleher did not recognize in his income any distributions from the plan for the period ending December 2022. No other individuals named on this Form 990, Part VII, participated in a 457(f) plan or other supplemental non-qualified retirement plan as defined in the IRS Instructions for Form 990, Schedule J.

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 corporations and trusts

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

Provenance

Return type
form_990
Tax year
2022
Filed
26 April 2024
IRS schema version
2022v5.0
Source object
202411319349303211

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