1780 Hchq Inc
- Assets
- $14.6m
- Revenue
- $626.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, MA
- Founding
- 06/2018
- Data as of
- 06/2022
- EIN
- 82-5021847
Organization Overview
1780 Hchq Inc is located in Springfield, MA. The organization was established in 2018. According to its NTEE Classification (L11) the organization is classified as: Single Organization Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 1780 Hchq Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
1780 HCHQ, INC. (THE "CORPORATION") IS FORMED TO: (I) RAISE FUNDS AND SUPPORT THE FUNCTIONS OF AND CARRY OUT THE PURPOSES OF WAY FINDERS, INC. ("WAY FINDERS") SO LONG AS WAY FINDERS CONTINUES TO BE ORGANIZED AND OPERATING FOR EXEMPT PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE CODE; (II) ENGAGE IN ACTIVITIES AND PERFORM FUNCTIONS THAT WAY FINDERS WOULD OTHERWISE HAVE TO PERFORM; (III) OWN, LEASE AND MAINTAIN THE SITE OR SITES AT WHICH WAY FINDERS IS LOCATED; (IV) OTHERWISE BENEFIT, THROUGH THE PROVISION OF FINANCIAL SUPPORT AND SERVICES, WAY FINDERS ; AND (V) ENGAGE IN ANY LAWFUL ACT OR ACTIVITY IN FURTHERANCE OF THE FOREGOING, PROVIDED SUCH ACTIVITIES ARE NOT IN VIOLATION, OR INCONSISTENT WITH,THE CORPORATION'S STATUS AS A CHARITABLE ORGANIZATION UNDER SECTION 501(C)(3) OF THE CODE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
1780 HCHQ, INC. HAS ACQUIRED PROPERTY IN SPRINGFIELD, MASSACHUSETTS THAT IS TO BE DEVELOPED AND LEASED TO WAY FINDERS, INC. AS THEIR NEW HOUSING CENTER AND HEADQUARTERS. ALL ACTIVITIES DURING THE CURRENT YEAR RELATED TO PREDEVELOPMENT AND ACQUISITION OF THE PROPERTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ellen Freyman Vice President | OfficerTrustee | 1 | $0 |
William Breitbart President | OfficerTrustee | 1 | $0 |
Andrew Morehouse Treasurer | OfficerTrustee | 1 | $0 |
Pascale Desir Assistant Clerk | OfficerTrustee | 1 | $0 |
Laureen Borgatti Clerk | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kuhn Riddle Architects Architecture | 6/29/20 | $148,926 |
Western Builders Inc Construction | 6/29/20 | $4,265,510 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $626,670 |
| Investment income | $29 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $626,699 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $66,673 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,999 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| 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 | $151,921 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $308,067 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $536,660 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $240,030 |
| Savings and temporary cash investments | $1,777 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $890,593 |
| 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 | $13,410,167 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $49,963 |
| Total assets | $14,592,530 |
| Accounts payable and accrued expenses | $97,744 |
| 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 | $13,919,626 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $14,017,370 |
| Net assets without donor restrictions | $575,160 |
| Net assets with donor restrictions | $0 |
| 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 | $14,592,530 |
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Madison Park Development Corporation Roxbury, MA | $51,356,053 | $9,046,088 |
Neighborhood Renewal Housing Development Fund Corporation New York, NY | $300,253,945 | $3,393,057 |
Rth Mission Park Realty Corporation Boston, MA | $107,143,093 | $17,493,070 |
Jasa Housing Management Services For The Aged Inc New York, NY | $1,639,951 | $4,107,455 |
N Woodburn Nichols Foundation Inc Groveland, MA | $40,329,040 | $1,703,919 |
Fund For Public Housing Inc New York, NY | $1,013,121 | $2,190,535 |
Kendal New York Sleepy Hollow, NY | $0 | $1,764,852 |
89 South Care Support Inc Pittsfield, MA | $26,959,750 | $1,785,474 |
Pines At Narragansett Housing Development Fund Company Inc Ossining, NY | $1,108,354 | $873,822 |
St Peters Italian Church Housing Development Fund Co Inc Syracuse, NY | $3,862,039 | $1,176,808 |
Rochester Presbyterian Home Foundation Inc Rochester, NY | $19,141,210 | $2,601,287 |