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← COMMUNITY HEALTHCARE NETWORK FOUNDATION INC

Form 990 for tax year 2025

Filed by COMMUNITY HEALTHCARE NETWORK FOUNDATION INC.

Totals

Total revenue
$478,303
Total expenses
$400,000
Contributions and grants received
$0
Grants paid
$400,000
Program service revenue
$0
Investment income
$478,303
Other revenue
$0
Total assets, end of year
$39,447,765
Total liabilities, end of year
$33,582,039
Net assets or fund balances, end of year
$5,865,726
Program services expenses (Part IX)
$400,000
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$400,000

Program services were 100.0% 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.

  • 3 · Investment income

    total $478,303 · excluded $478,303

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $400,000 · program services $400,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $118,462 · end of year $196,765

  • 7 · Other notes and loans receivable

    beginning of year $39,251,000 · end of year $39,251,000

  • 25 · Other liabilities

    beginning of year $33,582,039 · end of year $33,582,039

  • 27 · Net assets without donor restrictions

    beginning of year $5,787,423 · end of year $5,865,726

Mission and programs · 2025

Mission

COMMUNITY HEALTHCARE NETWORK FOUNDATION, INC. ("CHNF OR THE "FOUNDATION") WAS ORGANIZED ON DECEMBER 4, 2019, UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE PURPOSE OF CHNF IS TO FACILITATE THE BORROWINGS RELATED TO A NEW MARKETS TAX CREDIT TRANSACTION TO FINANCE THE DEVELOPMENT AND CONSTRUCTION OF A HEALTH CARE FACILITY IN QUEENS, NEW YORK.

Activities or mission (Part I)

COMMUNITY HEALTHCARE NETWORK FOUNDATION, INC. ("CHNF") IS TO FACILITATE THE BORROWINGS RELATED TO A NEW MARKETS TAX CREDIT TRANSACTION TO FINANCE THE DEVELOPMENT AND CONSTRUCTION OF A HEALTH CARE FACILITY IN QUEENS, NEW YORK.

  • THE PURPOSE OF CHNF IS TO FACILITATE THE BORROWINGS RELATED TO A NEW MARKETS TAX CREDIT TRANSACTION TO FINANCE THE DEVELOPMENT AND CONSTRUCTION OF A HEALTH CARE FACILITY IN QUEENS, NEW YORK.

    Expenses $400,000 · Grants $400,000

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Robert Hayes

    PRESIDENT

    Total calculated
    $518,215
    From this org
    $0
    From related orgs
    $488,410
    Other
    $29,805
    Hours/week
    0.5 + 34.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $487,492 related
    Bonus
    $0 + $300 related
    Other
    $0 + $618 related
    Deferred
    $0 + $9,849 related
    Nontaxable benefits
    $0 + $19,956 related
    Filer's total
    $0 + $518,215 related

  • Elizabeth Krob Kellneer

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Matthew Weissman

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Alan Wengrofsky

    EXECUTIVE VP/CFO

    Total calculated
    $443,837
    From this org
    $0
    From related orgs
    $386,338
    Other
    $57,499
    Hours/week
    0.5 + 34.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $385,522 related
    Bonus
    $0 + $300 related
    Other
    $0 + $516 related
    Deferred
    $0 + $7,893 related
    Nontaxable benefits
    $0 + $49,606 related
    Filer's total
    $0 + $443,837 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
ALL COMPENSATION IS DETERMINED BY A RELATED ORGANIZATION USING THE FOLLOWING: THE BOARD OF DIRECTORS DETERMINES AND APPROVES COMPENSATION OF THE CEO BASED ON RECOMENDATIONS FROM EXECUTIVE COMMITTEE.

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
2025
Filed
4 September 2026
IRS schema version
2025v4.2
Source object
202602479349300305

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