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Nonprofiteer
← 1780 HCHQ INC

Form 990 for tax year 2024

Filed by 1780 HCHQ INC.

Totals

Total revenue
$627,679
Total expenses
$1,175,337
Contributions and grants received
$0
Grants paid
$634,000
Program service revenue
$626,670
Investment income
$1,009
Other revenue
$0
Total assets, end of year
$14,165,631
Total liabilities, end of year
$13,959,713
Net assets or fund balances, end of year
$205,918
Program services expenses (Part IX)
$1,091,008
Management and general expenses
$84,329
Fundraising expenses
$0
Program service expenses (Part III)
$1,091,008

Program services were 92.8% 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.

  • 2a · Program service revenue: RENTAL ACTIVITY

    total $626,670 · related or exempt $626,670

  • 3 · Investment income

    total $1,009 · excluded $1,009

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $634,000 · program services $634,000

  • 11a · Fees: management

    total $67,399 · management and general $67,399

  • 11c · Fees: accounting

    total $16,930 · management and general $16,930

  • 20 · Interest

    total $151,921 · program services $151,921

  • 22 · Depreciation, depletion and amortization

    total $303,898 · program services $303,898

  • 24a · Other expenses: MISCELLANEOUS

    total $1,189 · program services $1,189

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $516,426 · end of year $75,586

  • 2 · Savings and temporary cash investments

    beginning of year $1,794 · end of year $1,806

  • 4 · Accounts receivable

    beginning of year $1,407,433 · end of year $1,598,104

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

    $14,059,218

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

    $1,569,083

  • 10c · Land, buildings and equipment, net

    beginning of year $12,794,033 · end of year $12,490,135

  • 17 · Accounts payable and accrued expenses

    beginning of year $26,982 · end of year $10,834

  • 23 · Secured mortgages and notes payable

    beginning of year $13,939,128 · end of year $13,948,879

  • 27 · Net assets without donor restrictions

    beginning of year $753,576 · end of year $205,918

Mission and programs · 2024

Mission

1780 HCHQ, INC. (THE "CORPORATION") IS FORMED TO: (I) RAISE FUNDS AND SUPPORT THE FUNCTIONS OF AND CARRY OUT THE PURPOSES OF WAY FINDERS, INC. ("WAY FINDERS") SO LONG AS WAY FINDERS CONTINUES TO BE ORGANIZED AND OPERATING FOR EXEMPT PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE CODE; (II) ENGAGE IN ACTIVITIES AND PERFORM FUNCTIONS THAT WAY FINDERS WOULD OTHERWISE HAVE TO PERFORM; (III) OWN, LEASE AND MAINTAIN THE SITE OR SITES AT WHICH WAY FINDERS IS LOCATED; (IV) OTHERWISE BENEFIT, THROUGH THE PROVISION OF FINANCIAL SUPPORT AND SERVICES, WAY FINDERS ; AND (V) ENGAGE IN ANY LAWFUL ACT OR ACTIVITY IN FURTHERANCE OF THE FOREGOING, PROVIDED SUCH ACTIVITIES ARE NOT IN VIOLATION, OR INCONSISTENT WITH,THE CORPORATION'S STATUS AS A CHARITABLE ORGANIZATION UNDER SECTION 501(C)(3) OF THE CODE.

  • 1780 HCHQ, INC. HAS ACQUIRED PROPERTY IN SPRINGFIELD, MASSACHUSETTS THAT IS TO BE DEVELOPED AND LEASED TO WAY FINDERS, INC. AS THEIR NEW HOUSING CENTER AND HEADQUARTERS. ALL ACTIVITIES DURING THE CURRENT YEAR RELATED TO PREDEVELOPMENT AND ACQUISITION OF THE PROPERTY.

    Expenses $1,091,008 · Grants $634,000 · Revenue $626,670

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • William Breitbart

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Glenn Welch

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Laureen Borgatti

    CLERK

    Total calculated
    $186,292
    From this org
    $0
    From related orgs
    $167,919
    Other
    $18,373
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $167,919 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,348 related
    Nontaxable benefits
    $0 + $13,025 related
    Filer's total
    $0 + $186,292 related

  • Pascale Desir

    ASSISTANT CLERK

    Total calculated
    $174,335
    From this org
    $0
    From related orgs
    $163,578
    Other
    $10,757
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $163,578 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $3,967 related
    Nontaxable benefits
    $0 + $6,790 related
    Filer's total
    $0 + $174,335 related

  • Ellen Freyman

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Megan Talbert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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.

  • WAY FINDERS INC

    501(C)(3) · TO PROVIDE HOUSING ASSISTANCE TO LOW INCOME AND DISABLED INDIVIDUALS · MA

Provenance

Return type
form_990
Tax year
2024
Filed
6 November 2025
IRS schema version
2024v5.2
Source object
202503169349301510

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