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Nonprofiteer
← Health Equity Partners Properties Inc

Form 990 for tax year 2022

Filed by Health Equity Partners Properties Inc.

Totals

Total revenue
$480,326
Total expenses
$1,415,320
Contributions and grants received
$100,000
Grants paid
$0
Program service revenue
$380,326
Investment income
$0
Other revenue
$0
Total assets, end of year
$29,137,445
Total liabilities, end of year
$27,379,817
Net assets or fund balances, end of year
$1,757,628
Program services expenses (Part IX)
$1,276,085
Management and general expenses
$139,235
Fundraising expenses
$0
Program service expenses (Part III)
$1,276,085

Program services were 90.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Audrey S Roling

    Vice President of Finance (Prior)

    Total calculated
    $25,589
    From this org
    $0
    From related orgs
    $22,926
    Other
    $2,663
    Hours/week
    10 + 45 related

  • Joshua Zimmerman

    VP of Finance/CFO

    Total calculated
    $124,096
    From this org
    $0
    From related orgs
    $105,069
    Other
    $19,027
    Hours/week
    10 + 45 related

  • Richard S Tarver

    President

    Total calculated
    $368,449
    From this org
    $0
    From related orgs
    $320,618
    Other
    $47,831
    Hours/week
    10 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $320,618 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $36,357 related
    Nontaxable benefits
    $0 + $11,474 related
    Filer's total
    $0 + $368,449 related

  • Courtney Giesel

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • David W Heard

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Robert W Rounsavall III

    Board Member

    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

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)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
THE EXECUTIVE COMMITTEE (EC) OF THE ASSOCIATION BOARD of the YMCA SERVES AS THE REVIEW AND COMPENSATION COMMITTEE, which establishes the compensation of the officers. THERE IS NO INDEPENDENT COMPENSATION CONSULTANT OTHER THAN WHAT THE YMCA NORTH AMERICAN NETWORK (YNAN) USES AND OUR EC DOES NOT USE THAT RESOURCE AT ANY SIGNIFICANT LEVEL HERE. THE EC IS PROVIDED WITH COMPARATIVE DATA FROM THE YNAN INCLUDING THEIR INDEPENDENT CONSULTANT REVIEW AND THE SOUTH METRO GROUP AND ANY LOCAL COMPARATIVE STUDIES PURCHASED THROUGH LOCAL MEANS. THE COMMITTEE THEN FILTERS THROUGH THEIR OWN EXPERIENCES FOR LOCAL BENCHMARKING. THERE IS NO WRITTEN EMPLOYMENT CONTRACT, THE CEO SERVES "AT-WILL". MODIFICATIONS TO COMPENSATION TO CEO ARE ACCOMPANIED BY DOCUMENTATION FROM BOARD CHAIR AND PASSED TO PERSONNEL FILES. THE EC ALSO REVIEWS SALARIES AND MAKES RECOMMENDED MERITS FOR SR. MGMT TEAM. THE EC REVIEWS AN EXECUTIVE LETTER FROM THE CEO AND USES A 360 DEGREE TOOL COMPILED BY THE BOARD CHAIR. THE EC MAKES THE FINAL REVIEW AND COMPENSATION DECISIONS IN "EXECUTIVE SESSION" ABSENT OF ANY STAFF. THE BOARD CHAIR REVIEWS THE RESULTS OF THE EVALUATION WITH THE 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

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
7 June 2023
IRS schema version
2022v5.0
Source object
202341589349300534

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