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Nonprofiteer
← EAST HOUSE FOUNDATION INC

Form 990 for tax year 2022

Filed by EAST HOUSE FOUNDATION INC.

Totals

Total revenue
$954,777
Total expenses
$362,113
Contributions and grants received
$856,340
Grants paid
$151,534
Program service revenue
$0
Investment income
$49,819
Other revenue
$48,618
Total assets, end of year
$3,030,243
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$3,030,243
Program services expenses (Part IX)
$151,534
Management and general expenses
$0
Fundraising expenses
$210,579
Program service expenses (Part III)
$151,534

Program services were 41.8% 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.

  • 1c · Fundraising events

    $15,859

  • 1d · Related organizations

    $600,525

  • 1f · All other contributions, gifts and grants

    $239,956

  • 3 · Investment income

    total $49,819 · excluded $49,819

  • 8a · Fundraising events: gross income

    $94,078

  • 8a · Fundraising events: contributions included on line 1c

    $15,859

  • 8b · Fundraising events: direct expenses

    $45,460

  • 8c · Net income from fundraising events

    total $48,618 · excluded $48,618

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $151,534 · program services $151,534

  • 5 · Compensation of officers, directors and key employees

    total $103,251 · fundraising $103,251

  • 9 · Other employee benefits

    total $24,626 · fundraising $24,626

  • 11a · Fees: management

    total $31,740 · fundraising $31,740

  • 11b · Fees: legal

    total $205 · fundraising $205

  • 11c · Fees: accounting

    total $1,480 · fundraising $1,480

  • 11f · Fees: investment management

    total $10,532 · fundraising $10,532

  • 11g · Fees: other

    total $6,677 · fundraising $6,677

  • 12 · Advertising and promotion

    total $172 · fundraising $172

  • 13 · Office expenses

    total $3,991 · fundraising $3,991

  • 16 · Occupancy

    total $5,529 · fundraising $5,529

  • 17 · Travel

    total $1,191 · fundraising $1,191

  • 24a · Other expenses: SPECIAL EVENTS

    total $19,244 · fundraising $19,244

  • 24b · Other expenses: MISCELLANEOUS

    total $1,427 · fundraising $1,427

  • 24c · Other expenses: OTHER COMMUNITY RELATIO

    total $514 · fundraising $514

Balance sheet

Part X, book values.

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,328

  • 11 · Investments: publicly traded securities

    beginning of year $2,820,130 · end of year $2,969,092

  • 15 · Other assets

    beginning of year $56,299 · end of year $61,151

  • 27 · Net assets without donor restrictions

    beginning of year $2,878,757 · end of year $3,030,243

Mission and programs · 2022

Mission

THE FOUNDATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY TO BENEFIT EAST HOUSE CORPORATION AND ITS TAX EXEMPT AFFILIATES. TO THIS END, THE FOUNDATION SHALL SOLICIT, COLLECT, ACCEPT, HOLD, INVEST, REINVEST AND ADMINISTER GIFTS, BEQUESTS, GRANTS, CONTRIBUTIONS, DONATIONS AND PROPERTY OF ANY SORT.

Activities or mission (Part I)

THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY TO BENEFIT EAST HOUSE CORPORATION AND ITS NOT-FOR-PROFIT, TAX EXEMPT AFFILIATES. TO THIS END, THE CORPORATION SHALL SOLICIT, COLLECT, ACCEPT, HOLD, INVEST, REINVEST AND ADMINISTER GIFTS, BEQUESTS, GRANTS, CONTRIBUTIONS, DONATIONS AND PROPERTY OF ANY SORT, WITHOUT LIMITATION AS TO AMOUNT OR VALUE.

  • PROVIDES FINANCIAL AND INSTITUTIONAL SUPPORT TO EAST HOUSE CORPORATION.

    Expenses $151,534 · Grants $151,534

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jennifer Shoemaker

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Andrew Dollinger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Andrea Holland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jane Knickerbocker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Kathleen Whelehan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kim Brumber

    PRESIDENT & CEO THROUGH MAY 2022

    Total calculated
    $215,953
    From this org
    $0
    From related orgs
    $182,991
    Other
    $32,962
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $67,506 related
    Bonus
    $0
    Other
    $0 + $115,485 related
    Deferred
    $0 + $17,807 related
    Nontaxable benefits
    $0 + $15,155 related
    Filer's total
    $0 + $215,953 related

  • Scott Moquin

    VP COMPLIANCE RISK, INTERIM CEO

    Total calculated
    $112,359
    From this org
    $0
    From related orgs
    $108,688
    Other
    $3,671
    Hours/week
    2 + 38 related

  • Chad Roy

    VP FINANCE

    Total calculated
    $125,917
    From this org
    $0
    From related orgs
    $106,164
    Other
    $19,753
    Hours/week
    2 + 38 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
  • 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
CEO COMPENSATION IS REVIEWED AND APPROVED AT THE SUPPORT ORGANIZATION BOARD LEVEL. OTHER OFFICERS AND KEY EMPLOYEES ARE DETERMINED BY THE CEO, ALONG WITH THE HR COMMITTEE, AND COMPARED TO CURRENT MARKET RATES FOR THE AREA.
PART I LINE 4A
KIM BRUMBER, PRESIDENT AND CEO THROUGH MAY 2022, RECEIVED SEVERANCE IN THE FORM OF SIX MONTHS CONTINUED PAY SUBSEQUENT TO HER EXIT DATE, AMOUNTING TO $88,375. ADDITIONALLY, SHE RECEIVED A PAYOUT OF HER ACCUMULATED VACATION TIME, AMOUNTING TO $27,110.

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

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.

  • ALEXANDER ST APARTMENTS LLC

    RELATED · HOUSING · NY · general or managing partner

  • EAST HOUSE CANAL STREET LLC

    RELATED · HOUSING · NY · general or managing partner

Related corporations and trusts

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

  • ALEXANDER ST APARTMENTS HDFC INC

    C · HOUSING · NY

  • ALEXANDER ST APARTMENTS MANAGEMENT

    C · MANAGEMENT · NY

  • EAST HOUSE CANAL STREET HOUSING DEVELOPMENT FUND CORPORATION

    C · HOUSING · NY

  • EAST HOUSE CANAL STREET MM LLC

    C · MANAGEMENT · NY

Provenance

Return type
form_990
Tax year
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202333149349304713

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