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← HANCOCK PLACE APARTMENTS HOUSING DEVELOPMENT FUND CORPORATION

Form 990 for tax year 2022

Filed by HANCOCK PLACE APARTMENTS HOUSING DEVELOPMENT FUND CORPORATION.

Totals

Total revenue
$337,278
Total expenses
$590,290
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$329,916
Investment income
$1,432
Other revenue
$5,930
Total assets, end of year
$5,444,881
Total liabilities, end of year
$1,272,313
Net assets or fund balances, end of year
$4,172,568
Program services expenses (Part IX)
$538,132
Management and general expenses
$52,158
Fundraising expenses
$0
Program service expenses (Part III)
$538,132

Program services were 91.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ADAM WEINSTEIN

    PRESIDENT/CEO

    Total calculated
    $968,887
    From this org
    $0
    From related orgs
    $806,771
    Other
    $162,116
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $642,271 related
    Bonus
    $0 + $145,000 related
    Other
    $0 + $19,500 related
    Deferred
    $0 + $143,252 related
    Nontaxable benefits
    $0 + $18,864 related
    Filer's total
    $0 + $968,887 related

  • JAMES ROBERT PIGOTT JR

    VICE PRESIDENT AND SECRETARY

    Total calculated
    $415,028
    From this org
    $0
    From related orgs
    $340,062
    Other
    $74,966
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $264,562 related
    Bonus
    $0 + $56,000 related
    Other
    $0 + $19,500 related
    Deferred
    $0 + $56,202 related
    Nontaxable benefits
    $0 + $18,764 related
    Filer's total
    $0 + $415,028 related

  • BRIAN BRICKER

    TREASURER

    Total calculated
    $386,236
    From this org
    $0
    From related orgs
    $316,782
    Other
    $69,454
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $241,282 related
    Bonus
    $0 + $56,000 related
    Other
    $0 + $19,500 related
    Deferred
    $0 + $56,202 related
    Nontaxable benefits
    $0 + $13,252 related
    Filer's total
    $0 + $386,236 related

  • MATTHEW KELLY

    VP PROPERTY DEVELOPMENT

    Total calculated
    $407,918
    From this org
    $0
    From related orgs
    $337,028
    Other
    $70,890
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $271,028 related
    Bonus
    $0 + $56,000 related
    Other
    $0 + $10,000 related
    Deferred
    $0 + $56,202 related
    Nontaxable benefits
    $0 + $14,688 related
    Filer's total
    $0 + $407,918 related

  • MICHAEL WADMAN

    VP PROPERTY DEVELOPMENT

    Total calculated
    $368,503
    From this org
    $0
    From related orgs
    $310,698
    Other
    $57,805
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $255,698 related
    Bonus
    $0 + $55,000 related
    Other
    $0
    Deferred
    $0 + $56,202 related
    Nontaxable benefits
    $0 + $1,603 related
    Filer's total
    $0 + $368,503 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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
PHIPPS HOUSES, AN AFFILIATE OF THE REPORTING ORGANIZATION PAID COMPENSATION TO THE REPORTING ORGANIZATION'S TOP MANAGEMENT OFFICIAL. PHIPPS HOUSES HAS ESTABLISHED THE COMPENSATION OF THE TOP MANAGEMENT OFFICIAL USING COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
PART I, LINE 4B
ADAM WEINSTEIN, PRESIDENT, IS A PARTICIPANT IN A SECTION 457(F) PLAN THAT REQUIRES HIM TO PERFORM SERVICES FOR A PERIOD OF TIME. HE HAS RECEIVED ANNUAL AWARDS BEGINNING IN 2017 AND (CONSISTENT WITH IRS FORM 990, SCHEDULE J INSTRUCTIONS) THESE AMOUNTS ARE TREATED AS ACCRUED OR EARNED RATABLY OVER THE COURSE OF THE SERVICE PERIOD. $87,050 IS REPORTED AS EARNED DURING THE REPORTING PERIOD WHICH IS INCLUDED IN SCHEDULE J, PART II, COLUMN (C).

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202401359349306100

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