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Nonprofiteer
← PHMC 1500

Form 990 for tax year 2023

Filed by PHMC 1500.

Totals

Total revenue
$418,388
Total expenses
$596,368
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$418,388
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,977,394
Total liabilities, end of year
$511,917
Net assets or fund balances, end of year
$2,465,477
Program services expenses (Part IX)
$595,882
Management and general expenses
$486
Fundraising expenses
$0
Program service expenses (Part III)
$595,882

Program services were 99.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • RICHARD J COHEN

    VP & Secretary

    Total calculated
    $2,298,468
    From this org
    $0
    From related orgs
    $2,248,277
    Other
    $50,191
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,087,484 related
    Bonus
    $0 + $1,155,580 related
    Other
    $0 + $5,213 related
    Deferred
    $0 + $37,100 related
    Nontaxable benefits
    $0 + $13,091 related
    Filer's total
    $0 + $2,298,468 related

  • ROBERT BLOCK

    DIRECTOR & TREASUREr

    Total calculated
    $843,414
    From this org
    $0
    From related orgs
    $788,979
    Other
    $54,435
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $612,300 related
    Bonus
    $0 + $169,530 related
    Other
    $0 + $7,149 related
    Deferred
    $0 + $29,020 related
    Nontaxable benefits
    $0 + $25,415 related
    Filer's total
    $0 + $843,414 related

  • Christina Hayden

    VP & Asst Secretary

    Total calculated
    $493,489
    From this org
    $0
    From related orgs
    $423,937
    Other
    $69,552
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $324,656 related
    Bonus
    $0 + $98,700 related
    Other
    $0 + $581 related
    Deferred
    $0 + $44,572 related
    Nontaxable benefits
    $0 + $24,980 related
    Filer's total
    $0 + $493,489 related

  • Michael Pearson

    DIRECTOR & Chairman

    Total calculated
    $380,893
    From this org
    $0
    From related orgs
    $380,893
    Other
    $0
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $379,157 related
    Bonus
    $0
    Other
    $0 + $1,736 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $380,893 related

  • Michele Volpe

    DIRECTOR & Secretary

    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

  • 4b · Supplemental nonqualified retirement plan
  • 5a · Pay contingent on this organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5b · Pay contingent on a related organization's revenues
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B:
CURRENT YEAR CONTRIBUTIONS RICHARD COHEN - $152,988 (ATSSP) & $22,500 (457(B)) ROBERT BLOCK - $58,500 (ATSSP) & $22,500 (457(B)) Christina Hayden - $22,800 (ATSSP) & $22,500 (457(B)) PAYMENTS WERE DETERMINED IN CONCERT WITH PHMC'S OVERALL PAY PRACTICE FOR SENIOR MANAGEMENT TO INCLUDE QUALIFIED PENSION PLAN AND SOCIAL SECURITY AMOUNTS WITH THE GOAL OF A 53% REPLACEMENT INCOME RATIO. THIS PLAN WAS APPROVED AT BOARD EXECUTIVE/COMPENSATION MEETINGS AND SUBSEQUENT BOARD OF DIRECTORS' MEETINGS.
PART I, LINE 5 AND 6:
PHMC STAFF EVALUATIONS ARE BASED UPON A PERFORMANCE MANAGEMENT SYSTEM WHICH ESTABLISHES MILESTONES, OBJECTIVES, COMPETENCIES, AND RATES ACCORDINGLY. IN ADDITION, AN EXECUTIVE BONUS PLAN WAS APPROVED BY THE BOARD PERSONNEL COMMITTEE AND APPLIES TO PHMC MANAGING DIRECTORS AND ABOVE. THIS PLAN IS DESIGNED TOWARDS BOTH INDIVIDUAL AND OVERALL PERFORMANCE AND IS BASED UPON PERFORMANCE CRITERIA WHICH RECOGNIZE BOTH SPECIFIC PROGRAM/COMPONENT/AFFILIATE GOALS AND OVERALL PHMC FINANCIAL/ADMINISTRATIVE GOALS.

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.

  • PHMC 4601 INC

    C CORP · REAL ESTATE HOLDI · DE · 0% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by PHMC

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202531359349317858

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