H-Cap INC

Not tax-deductible

New York, NY501(c)(5)Since 2003Community Development EIN 13-4240990Revenue $10.5M in FY2024

On file with the IRShcapinc.org1178 Broadway 3rd Floor 3016, 10001-5666 · New York, NYTax-exempt since Mar 2008

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See organization's mission on schedule o

501(c)(5) labor or agricultural organization; gifts are not tax-deductible as charitable contributions.
Run by 44 volunteers and 13 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(5)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $216K a year · 4% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$797K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 1.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $300K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.3M
42% of total assets
Looks good: liabilities are 42% of assets; 50% or less.
Pt X · Ln 26
Independent board members
46
of 46 voting members
Looks good: 46 of 46 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$10.5M
+92% vs prior year
Spent
$9.3M
To programs
0%
Net assets
$1.7M
By yearFY2020–FY2024
Revenue
$10.5M
FY2024▲ +92%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.5M
FY2021$3.4M
FY2022$3.4M
FY2023$5.5M
FY2024$10.5M
Expenses
$9.3M
FY2024▲ +65%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.2M
FY2021$2.9M
FY2022$4.2M
FY2023$5.6M
FY2024$9.3M
Net assets
$1.7M
FY2024▲ +247%
Tap a bar for its year
Net assets by fiscal year
FY2020$883K
FY2021$1.4M
FY2022$655K
FY2023$496K
FY2024$1.7M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2008.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

52 people listed on the 990; $797K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$178,231Pt VII · Sec A
Associate Director
$140,983Pt VII · Sec A
Director of Communications & Data
$130,491Pt VII · Sec A
Director of Workforce Strategy
$117,034Pt VII · Sec A
Director of Workforce Equity & in
$115,607Pt VII · Sec A
Director of Learning & Developmen
$115,000Pt VII · Sec A
Board Alternate
$0Pt VII · Sec A
Board Alternate
$0Pt VII · Sec A

Danielle Copeland’s $178K as Executive Director is at the 27th percentile of top reported officer pay among 572 $10–100M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Daniel Bustillo——$191,951$151,500$147,805
Danielle Copeland$178,231$169,890$136,229——
Rebecca Von Loewenfeldt$140,983$136,877$132,626$126,562$123,475
Tamara Martial-Dolcy$130,491$126,690$122,378——
Terri Harkin$117,034————
Deborah Schwartz$115,607$112,239$108,754——
Neesha Rose$115,000————
Teresa Harkin—$113,625$110,097—$102,576

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides resources and support to help people achieve their full potential.

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1 program · $9.2M · in their own filed words · FY2024
01

Labor-Management Programs

$9.2Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$300K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$10.5M
Ln 12
Gifts and grantsLn 1h$8.6M
Fees for servicesLn 2g$1.9M
Other incomeLn 4–11$3K
Money outPt IX
$9.3M
Ln 25
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$3.0M
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
52
listed · VII A
PaidVII A6
Voting boardVI 1a46
IndependentVI 1b46
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$8.6M
Government grantsLn 1e$7.4M
Fees for servicesLn 2g$1.9M
Other incomeLn 4–11$3K
Total revenueLn 12$10.5M
Assets in detailPt X, end of year
CashLn 1$1.3M
Cash and savings togetherLn 1–2$1.3M
Land, buildings, equipmentLn 10c$6K
Other assetsLn 15$59K
Total assetsLn 16$3.0M
LiabilitiesLn 26$1.3M
Net assetsLn 32$1.7M
OperationsPt I, VI
EmployeesI 513
VolunteersI 644
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$416K$1.3M
Land, buildings, equipmentLn 10c$3K$6K
Total assetsLn 16$2.1M$3.0M
LiabilitiesLn 26$1.6M$1.3M
Net assetsLn 32$496K$1.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$178K
Other salaries and wagesLn 7$2.0M
Pension plan contributionsLn 8$178K
Other employee benefitsLn 9$148K
Payroll taxesLn 10$85K
Legal feesLn 11b$3K
Accounting feesLn 11c$70K
Other fees for servicesLn 11g$6.4M
Office expensesLn 13$10K
Information technologyLn 14$61K
OccupancyLn 16$10K
TravelLn 17$137K
Depreciation, depletion and amortizationLn 22$1K
Total functional expensesLn 25$9.3M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $10.5M$9.3M$1.2M$1.7M 990 PDF
FY2023 $5.5M$5.6M−$159K$496K 990 PDF
FY2022 $3.4M$4.2M−$755K$655K 990 PDF
FY2021 $3.4M$2.9M$527K$1.4M 990 PDF
FY2020 $2.5M$2.2M$241K$883K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $10,532,116 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,189,948$8,580,092
I-9 Program service revenuePrior year $271,486$1,948,620
I-10 Investment income$0
I-11 Other revenuePrior year $10,095$3,404
I-12 Total revenuePrior year $5,471,529$10,532,116
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,800,588$2,567,246
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $3,829,672$6,737,772
I-18 Total expensesPrior year $5,630,260$9,305,018
I-19 Revenue less expensesPrior year −$158,731$1,227,098
Part VI · Governance 46 of 46 board members independent, 1 to look at
VI-1a Voting members of the governing body46
VI-1b Independent voting members46
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $10,532,116 across 7 lines filed
VIII-1e Government grants$7,396,410
VIII-1f All other contributions, gifts and grants$1,183,682
VIII-1h Total contributions, gifts and grants$8,580,092
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,948,620$1,948,620
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,404$3,404
VIII-12 Total revenueRelated to mission $1,952,024 · Unrelated business $0 · Excluded from tax $0$10,532,116
Part IX · Statement of functional expenses $9,305,018 across 13 lines filed
IX-5 Pay of current officers, directors and key staff$178,231
IX-7 Other salaries and wages$1,977,729
IX-8 Pension plan contributions$177,672
IX-9 Other employee benefits$148,418
IX-10 Payroll taxes$85,196
IX-11b Legal fees$2,773
IX-11c Accounting fees$69,696
IX-11g Other fees for services$6,445,731
IX-13 Office expenses$10,395
IX-14 Information technology$61,489
IX-16 Occupancy$10,022
IX-17 Travel$136,617
IX-22 Depreciation, depletion and amortization$1,049
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$9,305,018
Part X · Balance sheet $2,985,525 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $416,288$1,261,296
X-3 Pledges and grants receivableStart of year $1,480,168$1,439,351
X-4 Accounts receivableStart of year $133,062$113,966
X-9 Prepaid expenses and deferred chargesStart of year $66,110$106,074
X-10c Land, buildings and equipment, netStart of year $2,680$6,297
X-15 Other assets$58,541
X-16 Total assetsStart of year $2,098,308$2,985,525
X-17 Accounts payable and accrued expensesStart of year $1,550,704$1,262,073
X-26 Total liabilitiesStart of year $1,601,954$1,262,073
X-27 Net assets without donor restrictionsStart of year $496,354$1,188,275
X-28 Net assets with donor restrictions$535,177
X-32 Total net assets or fund balancesStart of year $496,354$1,723,452
X-33 Total liabilities and net assetsStart of year $2,098,308$2,985,525
Part XI · Reconciliation of net assets $1,723,452 net assets at year end
XI-1 Total revenue$10,532,116
XI-2 Total expenses$9,305,018
XI-3 Revenue less expenses$1,227,098
XI-4 Net assets at start of year$496,354
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,723,452

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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