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← HAVENWOOD-HERITAGE HEIGHTS TRUST FUND

Form 990 for tax year 2023

Filed by HAVENWOOD-HERITAGE HEIGHTS TRUST FUND.

Totals

Total revenue
$821,907
Total expenses
$904,691
Contributions and grants received
$13,424
Grants paid
$682,525
Program service revenue
$0
Investment income
$808,483
Other revenue
$0
Total assets, end of year
$29,724,202
Total liabilities, end of year
$149,068
Net assets or fund balances, end of year
$29,575,134
Program services expenses (Part IX)
$684,086
Management and general expenses
$195,605
Fundraising expenses
$25,000
Program service expenses (Part III)
$684,086

Program services were 75.6% 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

    $5,323

  • 1f · All other contributions, gifts and grants

    $8,101

  • 3 · Investment income

    total $662,091 · excluded $662,091

  • 7a · Gross sales of assets other than inventory

    securities $2,956,546

  • 7b · Less cost or other basis and sales expenses

    securities $2,810,154

  • 7c · Gain or loss

    securities $146,392

  • 7d · Net gain or loss

    total $146,392 · excluded $146,392

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $682,525 · program services $682,525

  • 11a · Fees: management

    total $75,000 · management and general $50,000 · fundraising $25,000

  • 11b · Fees: legal

    total $719 · management and general $719

  • 11c · Fees: accounting

    total $20,850 · management and general $20,850

  • 11f · Fees: investment management

    total $123,922 · management and general $123,922

  • 24a · Other expenses: Payments to annuitants

    total $1,561 · program services $1,561

  • 24b · Other expenses: State filing fees

    total $75 · management and general $75

  • 24c · Other expenses: Bank fees

    total $39 · management and general $39

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $79,125 · end of year $36,038

  • 2 · Savings and temporary cash investments

    beginning of year $184,323 · end of year $162,828

  • 4 · Accounts receivable

    beginning of year $56,510 · end of year $57,606

  • 11 · Investments: publicly traded securities

    beginning of year $21,319,194 · end of year $23,807,623

  • 12 · Investments: other securities

    beginning of year $4,605,700 · end of year $5,347,700

  • 15 · Other assets

    beginning of year $295,275 · end of year $312,407

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,466 · end of year $26,519

  • 25 · Other liabilities

    beginning of year $272,453 · end of year $122,549

  • 27 · Net assets without donor restrictions

    beginning of year $8,126,761 · end of year $9,337,014

  • 28 · Net assets with donor restrictions

    beginning of year $18,117,447 · end of year $20,238,120

Mission and programs · 2023

Mission

To provide financial support to the United Church of Christ Retirement Community and its residents.

Activities or mission (Part I)

Provide financial support to the United Church of Christ Retirement Community Inc. and its residents.

  • To provide financial support to the United Church of Christ Retirement Community.

    Expenses $684,086 · Grants $682,525

As filed on the 2023 return.

Listed in Part VII

  • Michael A Palmieri CEO UCCRC

    President/CEO, Ex Officio

    Total calculated
    $382,519
    From this org
    $0
    From related orgs
    $337,900
    Other
    $44,619
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $271,875 related
    Bonus
    $0 + $30,000 related
    Other
    $0 + $36,025 related
    Deferred
    $0 + $11,216 related
    Nontaxable benefits
    $0 + $33,403 related
    Filer's total
    $0 + $382,519 related

  • Edward R MacKay

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • Mary W McLaughlin

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • Lisa Snow

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • John Udaloy

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • Gary Woods

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • Douglas S Hatfield

    Chairman

    Total calculated
    $0
    Hours/week
    0.5

  • Tracy J Judd

    VP/CFO UCCRC

    Total calculated
    $170,277
    From this org
    $0
    From related orgs
    $164,099
    Other
    $6,178
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $154,647 related
    Bonus
    $0
    Other
    $0 + $9,452 related
    Deferred
    $0 + $6,178 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $170,277 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

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

The filer's explanations (Part III)

Part I, Line 3
Havenwood-Heritage Heights Trust Fund has no employees and relies upon the employees of the related organization, the United Church of Christ Retirement Community, Inc. (UCCRC) to perform the day-to-day operations on behalf of the Trust Fund. The URCCRC utilizes various tools, such as a written employment contract and compensation surveys, to establish the compensation of the President/CEO. The Executive Committee of the URCCRC Inc. reviews and approves the compensation for the President/CEO.

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.

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.

  • Charitable Remainder Trust (1)

    T · Beneficiary distributions · NJ

Provenance

Return type
form_990
Tax year
2023
Filed
2 October 2024
IRS schema version
2023v5.1
Source object
202412859349300311

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