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Nonprofiteer
← ALTENHEIM PROPERTIES INC

Form 990 for tax year 2024

Filed by ALTENHEIM PROPERTIES INC.

Totals

Total revenue
$0
Total expenses
$2,968,535
Contributions and grants received
$0
Grants paid
$0
Program services expenses (Part IX)
$2,846,489
Management and general expenses
$122,046
Fundraising expenses
$0
Program service expenses (Part III)
$2,846,489

Program services were 95.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • JOHN KEDZIOR

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.1 + 0.6 related

  • TAMMY HASELEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.2 related

  • DAVID KNOWLES

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.1 + 0.5 related

  • NORBERT MANZ

    SECOND VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.1 + 0.6 related

  • STEVE SARTSCHEV

    TREASURER

    Total calculated
    $0
    Hours/week
    0.1 + 0.4 related

  • ANNA WARD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.2 related

  • SUE RIEDTHALER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.2 related

  • BARRY ZIMMERMAN

    FIRST VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.2 + 0.4 related

  • ED OLIVEROS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 0.3 related

  • KARL HELFRICH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.4 related

  • JIM KAMINSKI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 0.3 related

  • RENATE ELBER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.2 related

  • DEBBIE BRASSELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.2 related

  • REINER MUELLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.2 related

  • GREGORY WIEMKEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.3 related

  • PAUL PSOTA

    CEO

    Total calculated
    $281,753
    From this org
    $0
    From related orgs
    $247,492
    Other
    $34,261
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $228,884 related
    Bonus
    $0 + $5,000 related
    Other
    $0 + $13,608 related
    Deferred
    $0 + $10,332 related
    Nontaxable benefits
    $0 + $23,929 related
    Filer's total
    $0 + $281,753 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 — 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

  • 1a · Tax indemnification and gross-up payments
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses

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 1A
THE ORGANIZATION REIMBURSES CEO FOR DISABILITY INSURANCE PREMIUM AS W-2 WAGES AND GROSSES UP THE WAGE PAYMENT TO INCLUDE TAXES. THE ORGANIZATION OF THE BUSINESS CONTACTS GENERATED THEREFROM. PAYS THE DUES FOR THE CEO TO BE A MEMBER OF THE LOCAL ROTARY CLUB BECAUSE OF THE BUSINESS CONTACTS GENERATED THEREFROM.
PART I, LINE 3
PROCESS FOR DETERMINING COMPENSATION THE EXECUTIVE COMMITTEE OF THE ALTENHEIM BOARD OF DIRECTORS CONDUCTS AN ANNUAL REVIEW OF THE CEO'S PERFORMANCE AND COMPENSATION. A PART OF THE EXECUTIVE COMMITTEE'S PROCESS IS THE REVIEW OF INDUSTRY SALARY AND BENEFITS BENCHMARKING REPORTS FOR THE CEO POSITION. THE EXECUTIVE COMMITTEE THEN ESTABLISHES THE CEO'S COMPENSATION. THE CEO CONDUCTS AN ANNUAL PERFORMANCE AND COMPENSATION REVIEW OF OTHER ALTENHEIM EMPLOYEES AND SETS THEIR COMPENSATION WITH THE ADVICE AND COUNSEL OF THE BOARD'S EXECUTIVE COMMITTEE. ALL COMPENSATION DECISIONS ARE DOCUMENTED CONTEMPORANEOUSLY.

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
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202523189349308437

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