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Nonprofiteer
← NORWALK HOSPITAL CREDIT UNION INC

Form 990 for tax year 2022

Filed by NORWALK HOSPITAL CREDIT UNION INC.

Totals

Total revenue
$1,079,391
Total expenses
$925,322
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$445,346
Investment income
$426,558
Other revenue
$207,487
Total assets, end of year
$40,150,955
Total liabilities, end of year
$36,901,533
Net assets or fund balances, end of year
$3,249,422
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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: MEMBER LOAN INTEREST I

    total $340,676 · related or exempt $340,676

  • 2b · Program service revenue: MEMBER SERVICE FEE INC

    total $100,315 · related or exempt $100,315

  • 2c · Program service revenue: FEES PAID BY NON-MEMBE

    total $4,355 · unrelated business $4,355

  • 3 · Investment income

    total $426,558 · related or exempt $426,558

  • 11a · Other revenue: NCUA STABILIZATION REF

    total $207,487 · related or exempt $207,487

  • 11e · Other revenue, total

    $207,487

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $115,823

  • 7 · Other salaries and wages

    total $115,312

  • 8 · Pension plan contributions

    total $11,991

  • 9 · Other employee benefits

    total $65,888

  • 10 · Payroll taxes

    total $80,521

  • 11g · Fees: other

    total $193,587

  • 12 · Advertising and promotion

    total $2,646

  • 13 · Office expenses

    total $48,714

  • 20 · Interest

    total $193,642

  • 22 · Depreciation, depletion and amortization

    total $12,983

  • 23 · Insurance

    total $16,725

  • 24a · Other expenses: LOAN SERVICING

    total $27,040

  • 24b · Other expenses: CASH/OVER SHORT

    total $15,322

  • 24c · Other expenses: ASSOCIATION DUES

    total $14,295

  • 24d · Other expenses: NCUA OPERATING FEE

    total $10,833

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,396,237 · end of year $1,901,152

  • 7 · Other notes and loans receivable

    beginning of year $7,494,791 · end of year $8,116,219

  • 9 · Prepaid expenses and deferred charges

    end of year $28,449

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

    $55,785

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

    $48,379

  • 10c · Land, buildings and equipment, net

    beginning of year $20,390 · end of year $7,406

  • 12 · Investments: other securities

    beginning of year $30,004,156 · end of year $29,764,156

  • 15 · Other assets

    beginning of year $434,375 · end of year $333,573

  • 17 · Accounts payable and accrued expenses

    beginning of year $36,890 · end of year $36,573

  • 25 · Other liabilities

    beginning of year $37,217,706 · end of year $36,864,960

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $3,095,353 · end of year $3,249,422

Mission and programs · 2022

Mission

WE PROVIDE FINANCIAL SERVICES FOR OUR MEMBERS.

  • ORIGINATION AND MAINTENANCE OF MEMBERS' DEPOSIT ACCOUNTS

As filed on the 2022 return.

Listed in Part VII

  • Donald Robertson

    MANAGER/CEO/TREASURER

    Total calculated
    $115,823
    From this org
    $115,823
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Peter Arakelian

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    5

  • Michael Austrie

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    5

  • Lynn Hanulik

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Candace Meader

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Janet Kazzi-Cabrera

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Michael Wiegand

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
10 May 2023
IRS schema version
2022v5.0
Source object
202331309349300523

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