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← BHC MANAGEMENT COMPANY

Form 990 for tax year 2022

Filed by BHC MANAGEMENT COMPANY.

Totals

Total revenue
$943,151
Total expenses
$890,648
Contributions and grants received
$1,086
Grants paid
$250,000
Program service revenue
$942,065
Investment income
$0
Other revenue
$0
Total assets, end of year
$60,470
Total liabilities, end of year
$1,464
Net assets or fund balances, end of year
$59,006
Program services expenses (Part IX)
$889,142
Management and general expenses
$1,506
Fundraising expenses
$0
Program service expenses (Part III)
$889,142

Program services were 99.8% 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.

  • 1d · Related organizations

    $1,086

  • 2a · Program service revenue: MANAGEMENT FEES

    total $942,065 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $250,000 · program services $250,000

  • 7 · Other salaries and wages

    total $502,836 · program services $502,836 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $22,819 · program services $22,819 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $37,391 · program services $37,391 · management and general $0 · fundraising $0

  • 11a · Fees: management

    total $306 · program services $0 · management and general $306 · fundraising $0

  • 11b · Fees: legal

    total $450 · program services $0 · management and general $450 · fundraising $0

  • 11c · Fees: accounting

    total $750 · program services $0 · management and general $750 · fundraising $0

  • 12 · Advertising and promotion

    total $139 · program services $139 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $10,813 · program services $10,813 · management and general $0 · fundraising $0

  • 17 · Travel

    total $4,041 · program services $4,041 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $2,832 · program services $2,832 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $45,838 · program services $45,838 · management and general $0 · fundraising $0

  • 24a · Other expenses: EDUCATION/TRAINING

    total $4,697 · program services $4,697 · management and general $0 · fundraising $0

  • 24b · Other expenses: EQUIPMENT

    total $7,736 · program services $7,736 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,496 · end of year $21,772

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

    $5,366

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

    $5,366

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 15 · Other assets

    end of year $38,698

  • 17 · Accounts payable and accrued expenses

    beginning of year $205 · end of year $1,464

  • 25 · Other liabilities

    beginning of year $787 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $6,504 · end of year $59,006

Mission and programs · 2022

Mission

ACT AS MAINTENANCE AND PROPERTY MANAGEMENT FOR AFFORDABLE INCOME RENTAL PROPERTIES.

  • ACT AS MAINTENANCE AND PROPERTY MANAGEMENT FOR AFFORDABLE INCOME RENTAL PROPERTIES.

    Expenses $889,142 · Grants $250,000 · Revenue $943,151

As filed on the 2022 return.

Listed in Part VII

  • REGINA CHANEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GRETA HARRIS

    PRESIDENT & CEO

    Total calculated
    $355,049
    From this org
    $0
    From related orgs
    $311,491
    Other
    $43,558

    Schedule J breakdown matched by us

    Base
    $0 + $311,491 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $43,558 related
    Filer's total
    $0 + $355,049 related

  • JULIE HOVERMALE

    VICE PRESIDENT & CFO

    Total calculated
    $187,481
    From this org
    $0
    From related orgs
    $187,481
    Other
    $0

    Schedule J breakdown matched by us

    Base
    $0 + $187,481 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $18,188 related
    Filer's total
    $0 + $205,669 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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
26 October 2023
IRS schema version
2022v5.0
Source object
202322999349301442

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