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← HCFN TITLE HOLDING CORPORATION

Form 990 for tax year 2022

Filed by HCFN TITLE HOLDING CORPORATION.

Totals

Total revenue
$882,961
Total expenses
$1,545,552
Contributions and grants received
$0
Grants paid
$650,000
Program service revenue
$0
Investment income
$663
Other revenue
$882,298
Total assets, end of year
$14,553,280
Total liabilities, end of year
$10,518,994
Net assets or fund balances, end of year
$4,034,286
Program services expenses (Part IX)
$1,452,970
Management and general expenses
$71,193
Fundraising expenses
$21,389
Program service expenses (Part III)
$1,452,970

Program services were 94.0% 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.

  • 3 · Investment income

    total $663 · excluded $663

  • 6a · Gross rents

    real property $776,985 · personal property $105,313

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $776,985 · personal property $105,313

  • 6d · Net rental income or loss

    total $882,298 · related or exempt $882,298

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $650,000 · program services $650,000

  • 11b · Fees: legal

    total $2,546 · management and general $2,546

  • 11c · Fees: accounting

    total $2,900 · management and general $2,900

  • 13 · Office expenses

    total $5,442 · management and general $5,442

  • 16 · Occupancy

    total $148,893 · program services $125,219 · management and general $11,763 · fundraising $11,911

  • 22 · Depreciation, depletion and amortization

    total $697,704 · program services $677,751 · management and general $10,475 · fundraising $9,478

  • 24a · Other expenses: DUES & PUBLICATIONS

    total $38,067 · management and general $38,067

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $290,400 · end of year $304,273

  • 4 · Accounts receivable

    beginning of year $971,455 · end of year $1,046,963

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

    $17,200,168

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

    $3,998,124

  • 10c · Land, buildings and equipment, net

    beginning of year $13,886,571 · end of year $13,202,044

  • 23 · Secured mortgages and notes payable

    beginning of year $10,450,574 · end of year $10,518,994

  • 27 · Net assets without donor restrictions

    beginning of year $4,697,852 · end of year $4,034,286

Mission and programs · 2022

Mission

TO OPERATE FOR THE BENEFIT OF, PERFORM FUNCTIONS OF, OR CARRY OUT THE PURPOSES OF HARVESTERS - THE COMMUNITY FOOD NETWORK, A TAX-EXEMPT HUNGER RELIEF ORGANIZATION.

  • TO OPERATE FOR THE BENEFIT OF, PERFORM FUNCTIONS OF, OR CARRY OUT THE PURPOSES OF HARVESTERS - THE COMMUNITY FOOD NETWORK, A TAX-EXEMPT HUNGER RELIEF ORGANIZATION.

    Expenses $1,452,970 · Grants $650,000 · Revenue $882,298

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

Listed in Part VII

  • Brent S Varzaly

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Carrie McAtee

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Andrew Lindeman

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Diane Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Svetlic

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stephen Davis

    CEO & PRESIDENT

    Total calculated
    $259,344
    From this org
    $0
    From related orgs
    $231,714
    Other
    $27,630
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $203,173 related
    Bonus
    $0 + $28,541 related
    Other
    $0
    Deferred
    $0 + $11,763 related
    Nontaxable benefits
    $0 + $15,867 related
    Filer's total
    $0 + $259,344 related

  • Valerie Nicholson-Watson

    CEO & PRESIDENT (RETIRED)

    Total calculated
    $181,637
    From this org
    $0
    From related orgs
    $172,853
    Other
    $8,784
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $133,401 related
    Bonus
    $0 + $39,452 related
    Other
    $0
    Deferred
    $0 + $8,649 related
    Nontaxable benefits
    $0 + $135 related
    Filer's total
    $0 + $181,637 related

  • Joanna Sebelien

    CHIEF RESOURCE OFFICER

    Total calculated
    $218,757
    From this org
    $0
    From related orgs
    $194,532
    Other
    $24,225
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $172,542 related
    Bonus
    $0 + $21,990 related
    Other
    $0
    Deferred
    $0 + $9,833 related
    Nontaxable benefits
    $0 + $14,392 related
    Filer's total
    $0 + $218,757 related

  • Robin Potts

    CHIEF FINANCIAL OFFICER

    Total calculated
    $181,025
    From this org
    $0
    From related orgs
    $160,362
    Other
    $20,663
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $138,454 related
    Bonus
    $0 + $21,908 related
    Other
    $0
    Deferred
    $0 + $8,048 related
    Nontaxable benefits
    $0 + $12,615 related
    Filer's total
    $0 + $181,025 related

  • Monic Houpe

    CHIEF OPERATING OFFICER

    Total calculated
    $94,674
    From this org
    $0
    From related orgs
    $86,031
    Other
    $8,643
    Hours/week
    1 + 40 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

  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
KEY STAFF RECEIVE NON-FIXED PAYMENTS IN THE FORM OF BONUSES. THESE BONUS PAYMENTS ARE PROPERLY INCLUDED ON FORM W-2.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
7 May 2024
IRS schema version
2022v5.0
Source object
202411299349303401

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