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Nonprofiteer
← ALTENHEIM PROPERTIES INC

Form 990 for tax year 2023

Filed by ALTENHEIM PROPERTIES INC.

Totals

Total revenue
$0
Total expenses
$2,419,299
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$38,354,015
Total liabilities, end of year
$62,231,552
Net assets or fund balances, end of year
-$23,877,537
Program services expenses (Part IX)
$2,329,116
Management and general expenses
$90,183
Fundraising expenses
$0
Program service expenses (Part III)
$2,329,116

Program services were 96.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • PAUL PSOTA

    CEO

    Total calculated
    $284,397
    From this org
    $0
    From related orgs
    $250,969
    Other
    $33,428
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    not reported + $227,851 related
    Bonus
    not reported + $10,000 related
    Other
    not reported + $13,118 related
    Deferred
    not reported + $10,615 related
    Nontaxable benefits
    not reported + $22,813 related
    Filer's total
    not reported + $284,397 related

  • JOHN KEDZIOR

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.25 + 0.75 related

  • TAMMY HASELEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.3 related

  • DAVID KNOWLES

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.25 + 0.75 related

  • NORBERT MANZ

    SECOND VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.25 + 0.75 related

  • STEVE SARTSCHEV

    TREASURER

    Total calculated
    $0
    Hours/week
    0.2 + 0.5 related

  • BRIGITTE WARD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.3 related

  • SUE RIEDTHALER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.3 related

  • BARRY ZIMMERMAN

    FIRST VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • ED OLIVEROS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.45 related

  • KARL HELFRICH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 0.5 related

  • JIM KAMINSKI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 0.5 related

  • GERALD BALINT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 0.5 related

  • DEBBIE BRASSELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.3 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

  • 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
  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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, 1A
THE ORGANIZATION REIMBURSES CEO FOR DISABILITY INSURANCE PREMIUM AS W-2 WAGES AND GROSSES UP THE WAGE PAYMENT TO INCLUDE TAXES. THE ORGANIZATION PAYS THE DUES FOR THE CEO TO BE A MEMBER OF THE LOCAL ROTARY CLUB BECAUSE OF THE BUSINESS CONTACTS GENERATED THEREFROM.

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
2023
Filed
6 November 2024
IRS schema version
2023v5.1
Source object
202423209349316582

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