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← YVFWC HEALTHCARE FACILITIES DEVELOPMENT II

Form 990 for tax year 2022

Filed by YVFWC HEALTHCARE FACILITIES DEVELOPMENT II.

Totals

Total revenue
$14,001,005
Total expenses
$201,527
Contributions and grants received
$14,001,005
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$34,149,250
Total liabilities, end of year
$13,640,145
Net assets or fund balances, end of year
$20,509,105
Program services expenses (Part IX)
$187,711
Management and general expenses
$13,816
Fundraising expenses
$0
Program service expenses (Part III)
$187,711

Program services were 93.1% 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

    $14,001,005

Functional expenses

Part IX, the statement of functional expenses.

  • 13 · Office expenses

    total $13,816 · management and general $13,816

  • 20 · Interest

    total $183,577 · program services $183,577

  • 23 · Insurance

    total $4,134 · program services $4,134

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,807,056 · end of year $3,531,361

  • 9 · Prepaid expenses and deferred charges

    end of year $12,022

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

    $30,604,478

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $13,123,399 · end of year $30,604,478

  • 15 · Other assets

    beginning of year $1,151 · end of year $1,389

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,570,522 · end of year $951,084

  • 23 · Secured mortgages and notes payable

    beginning of year $12,648,241 · end of year $12,667,794

  • 25 · Other liabilities

    beginning of year $3,216 · end of year $21,267

  • 27 · Net assets without donor restrictions

    beginning of year $6,709,627 · end of year $20,509,105

Mission and programs · 2022

Mission

YVFWC HEALTHCARE FACILITIES DEVELOPMENT II IS A SUPPORT ORGANIZATION TO THE YAKIMA VALLEY FARM WORKERS CLINIC (YVFWC), WHICH PROVIDES HEALTHCARE AND OTHER SOCIAL SERVICES TO LOW INCOME POPULATIONS. YVFWC HEALTHCARE FACILITIES DEVELOPMENT II WAS CREATED TO FACILITATE A NEW MARKET TAX CREDITS (NMTC) PROJECT AS DEFINED IN SECTION 45D OF THE IRC.

Activities or mission (Part I)

YFHD II IS A SUPPORT ORGANIZATION TO THE YAKIMA VALLEY FARM WORKERS CLINIC (YVFWC).

  • YVFWC HEALTHCARE FACILITIES DEVELOPMENT II IS A SUPPORT ORGANIZATION TO THE YAKIMA VALLEY FARM WORKERS CLINIC (YVFWC), WHICH PROVIDES HEALTHCARE AND OTHER SOCIAL SERVICES TO LOW INCOME POPULATIONS. YVFWC HEALTHCARE FACILITIES DEVELOPMENT II WAS CREATED TO FACILITATE A NEW MARKET TAX CREDITS (NMTC) PROJECT AS DEFINED IN SECTION 45D OF THE IRC.

    Expenses $187,711

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

Listed in Part VII

  • Juan Carlos Olivares

    FORMER CEO

    Total calculated
    $1,381,272
    From this org
    $0
    From related orgs
    $1,381,272
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0 + $19,500 related
    Other
    $0 + $1,361,772 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $1,381,272 related

  • Christine Trotter

    CEO

    Total calculated
    $756,150
    From this org
    $0
    From related orgs
    $732,554
    Other
    $23,596
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $633,211 related
    Bonus
    $0 + $43,426 related
    Other
    $0 + $55,917 related
    Deferred
    $0 + $9,150 related
    Nontaxable benefits
    $0 + $14,446 related
    Filer's total
    $0 + $756,150 related

  • Grace Almaguer

    INTERIM CFO (AS OF 08/2022)

    Total calculated
    $217,234
    From this org
    $0
    From related orgs
    $179,620
    Other
    $37,614
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $156,787 related
    Bonus
    $0 + $6,703 related
    Other
    $0 + $16,130 related
    Deferred
    $0 + $15,880 related
    Nontaxable benefits
    $0 + $21,734 related
    Filer's total
    $0 + $217,234 related

  • Tom Sak

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Virginia Santillanes

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Sarah Shippen

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Patricia Myers

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Mark Koday

    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

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 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 TOP MANAGEMENT AND FINANCIAL OFFICIAL ARE COMPENSATED BY YAKIMA VALLEY FARM WORKERS CLINIC (YVFWC), A RELATED ORGANIZATION. COMPENSATION AND BENEFITS FOR THE CEO, CFO, AND TOP MANAGEMENT POSITIONS ARE BASED UPON MARKET RESEARCH AND RECOMMENDATIONS PROVIDED BY AN OUTSIDE COMPENSATION SPECIALTY FIRM ENGAGED BY THE BOARD OF DIRECTORS. FINAL COMPENSATION FOR THE CEO IS DETERMINED BY THE BOARD OF DIRECTORS; FINAL COMPENSATION FOR THE CFO AND OTHER TOP MANAGEMENT IS DETERMINED BY THE CEO. YVFWC USED THE FOLLOWING METHODS TO ESTABLISH COMPENSATION OF THE CEO/EXECUTIVE DIRECTOR: INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY/STUDY, AND APPROVAL BY THE BOARD
PART I, LINES 4A-B
DURING 2022, JUAN CARLOS OLIVARES, FORMER CEO, RECEIVED A SEVERANCE PAYMENT OF $165,000 FROM YAKIMA VALLEY FARM WORKERS CLINIC. YAKIMA VALLEY FARM WORKERS CLINIC INSTITUTED SUPPLEMENTAL EXECUTIVE BENEFIT PLANS EFFECTIVE NOVEMBER 1, 2001. THESE PLANS PROVIDE FOR EMPLOYER-PAID LIFE INSURANCE AND A RETIREMENT BENEFIT PLAN FOR MANAGEMENT EXECUTIVES, CLINIC ADMINISTRATORS, PROGRAM DIRECTORS, EXECUTIVE SECRETARIES, FACILITY MANAGERS, BILLING MANAGERS, AND DENTAL COORDINATORS.

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
2022
Filed
14 February 2024
IRS schema version
2022v5.0
Source object
202430469349302993

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