Havenwood-Heritage Heights Trust Fund
- Assets
- $30.1m
- Revenue
- $3.5m
- Investments
- $5.1m
- Employees
- 0
- Location
- Concord, NH
- Founding
- 01/1983
- Data as of
- 12/2021
- EIN
- 02-0366556
Organization Overview
Havenwood-Heritage Heights Trust Fund is located in Concord, NH. The organization was established in 1983. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Havenwood-Heritage Heights Trust Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Havenwood-Heritage Heights Trust Fund generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $770.7k during the year ending 12/2021. While expenses have increased by 10.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FINANCIAL SUPPORT TO THE UNITED CHURCH OF CHRIST RETIREMENT COMMUNITY INC. AND ITS RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FINANCIAL SUPPORT TO THE UNITED CHURCH OF CHRIST RETIREMENT COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas S Hatfield ESQ Chairman | OfficerTrustee | 0.5 | $0 |
Michael A Palmieri Ceo Uccrc President/ceo, Ex Officio | OfficerTrustee | 1 | $0 |
Tracy J Judd Vp/cfo Uccrc | Officer | 1 | $0 |
Clayton Poole Trustee | Trustee | 0.5 | $0 |
Edward R Mackay Trustee | Trustee | 0.5 | $0 |
Mary W Mclaughlin Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,862 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,862 |
| Total Program Service Revenue | $0 |
| Investment income | $659,784 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,792,720 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,466,366 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $525,730 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $75,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $135,957 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,065 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $770,706 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,703 |
| Savings and temporary cash investments | $1,113,781 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $53,820 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $23,414,269 |
| Investments—other securities | $5,085,259 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $372,439 |
| Total assets | $30,142,271 |
| Accounts payable and accrued expenses | $25,808 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $292,150 |
| Total liabilities | $317,958 |
| Net assets without donor restrictions | $9,029,317 |
| Net assets with donor restrictions | $20,794,996 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $30,142,271 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Havenwood-Heritage Heights Trust Fund has recieved totaling $14,573.
| Awarding Organization | Amount |
|---|---|
Matthew 25 Ministries Inc Cincinnati, OH PURPOSE: Humanitarian Aid | $14,573 |
Endowment Analysis
| Beg. Balance | $25,742,960 |
| Earnings | $4,702,239 |
| Admin Expense | $94,792 |
| Net Contributions | $13,862 |
| Other Expense | $539,955 |
| Ending Balance | $29,824,314 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Easter Seals New Hampshire Inc Manchester, NH | $69,640,268 | $76,411,817 |
Riverwoods Group Exeter, NH | $22,317,301 | $6,822,003 |
George H And Irene L Walker Trust Rochester, MA | $0 | $164,069 |
North Hill Communities Inc Needham, MA | $928,543 | $907,714 |
Community Human Services Inc Trust Lexington, MA | $17,068,220 | $1,183,549 |
Havenwood-Heritage Heights Trust Fund Concord, NH | $30,142,271 | $3,466,366 |
Fuller Schoolhouse Road Beverly, MA | $30,586,625 | $4,149,465 |
Community Action Enterprises Inc Greenfield, MA | $446,429 | $906,772 |
Friends Of Thai Daughters Inc Trevett, ME | $1,463,951 | $989,954 |
Old North End Community Center Foundation Inc Burlington, VT | $7,883,790 | $77,639 |
More Than A Thrift Store Keene, NH | $49,246 | $279,980 |
Mision De Caridad Arlington, MA | $429,465 | $333,056 |