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Nonprofiteer
← HSVS PROPERTY FOUNDATION LTD

Form 990 for tax year 2023

Filed by HSVS PROPERTY FOUNDATION LTD.

Totals

Total revenue
$331,896
Total expenses
$574,639
Contributions and grants received
$0
Grants paid
$242,043
Program services expenses (Part IX)
$574,606
Management and general expenses
$33
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • WILLIAM R GUARINELLOFORMER

    TREAS/fmr. Pres&CEO/Advisor,HS

    Total calculated
    $893,485
    From this org
    $0
    From related orgs
    $893,485
    Other
    $0
    Hours/week
    0 + 7.7 related

    Schedule J breakdown matched by us

    Base
    $0 + $92,308 related
    Bonus
    $0 + $325,000 related
    Other
    $0 + $476,177 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $893,485 related

  • DAWN W VALENTINE-SAFFAYEH

    Secretary/Pres.&CEO, HS

    Total calculated
    $500,016
    From this org
    $0
    From related orgs
    $461,923
    Other
    $38,093
    Hours/week
    0.25 + 34.75 related

    Schedule J breakdown matched by us

    Base
    $0 + $376,923 related
    Bonus
    $0 + $85,000 related
    Other
    $0
    Deferred
    $0 + $3,408 related
    Nontaxable benefits
    $0 + $34,685 related
    Filer's total
    $0 + $500,016 related

  • JUSTIN NARDILLA

    Treasurer/CFO, HS

    Total calculated
    $417,436
    From this org
    $0
    From related orgs
    $409,052
    Other
    $8,384
    Hours/week
    0.5 + 34.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $359,052 related
    Bonus
    $0 + $50,000 related
    Other
    $0
    Deferred
    $0 + $8,179 related
    Nontaxable benefits
    $0 + $205 related
    Filer's total
    $0 + $417,436 related

  • KENNETH P NOLAN ESQ

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • PAUL J TORRE

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 1 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

  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3:
THE TOP MANAGEMENT OFFICIAL'S COMPENSATION WAS PAID BY A RELATED 501(C)(3) ORGANIZATION WHICH USED ONE OR MORE OF THE METHODS LISTED TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION.
SCHEDULE J, PART I, LINE 4a:
William R. Guarinello, former Treasurer of the organization was paid by a related 501(c) (3) organization for his services as President & CEO. He retired as President & CEO of the related organization at December 31, 2022 following over 50 years of service and received a bonus in early calendar year 2023 of $325,000 for his services as President & CEO for the period July, 1, 2021 through December 31, 2022. During the calendar year ended December 31, 2023, William R. Guarinello received reportable compensation from a related organization of $92,308 for his consulting services as Strategic Advisor. William R. Guarinello also received $385,693 during the calendar year ended December 31, 2023 from a related organization for relinquishing valuable lifetime retiree medical and dental benefits for himself and his spouse and for relinquishing other potential claims and benefits. in addition, he also received $78,671 of payout of unused vacation pay and $11,814 for taxable fringe benefits from a related organization.

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
2023
Filed
2 May 2025
IRS schema version
2023v6.0
Source object
202501279349300225

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