H-Cap INC FY2020 filing

Not tax-deductible

New York, NY501(c)(5)Since 2003Community Development EIN 13-4240990Revenue $2.5M in FY2020

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

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501(c)(5) labor or agricultural organization; gifts are not tax-deductible as charitable contributions.
97¢ of each $1 spent went to programs.
$374K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$374K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 2.5 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
$94K
10% of total assets
Looks good: liabilities are 10% of assets; 50% or less.
Pt X · Ln 26
Independent board members
38
of 38 voting members
Looks good: 38 of 38 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.5M
Spent
$2.2M
To programs
97%
Net assets
$883K
By yearFY2020–FY2024
Revenue
$2.5M
FY2020
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
$2.2M
FY2020
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
$883K
FY2020
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 FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $2.2M Management & general 3% · $68K Fundraising 0% · $3K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

41 people listed on the 990; $374K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Dir.
$147,805Pt VII · Sec A
Associate Director
$123,475Pt VII · Sec A
Senior Prog. Mgr.
$102,576Pt VII · Sec A
Employer Chair
$0Pt VII · Sec A
Labor Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$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 15aYes

Programs and updates

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

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1 program · in their own filed words · FY2020
01

Labor-Management Programs

Pt IX · col B

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 FY2020 990, line by line.

1The main four
Money inPt VIII
$2.5M
Ln 12
Gifts and grantsLn 1h$2.0M
Fees for servicesLn 2g$450K
Other incomeLn 4–11$1K
Money outPt IX
$2.2M
Ln 25
Programscol B$2.2M
Managementcol C$68K
Fundraisingcol D$3K
Owns and owesPt X
$883K
net assets · Ln 32
Cash and savingsLn 1–2$464K
Total assetsLn 16$977K
LiabilitiesLn 26$94K
PeoplePt VI, VII
41
listed · VII A
PaidVII A3
Voting boardVI 1a38
IndependentVI 1b38
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.0M
Government grantsLn 1e$1.7M
Fees for servicesLn 2g$450K
Other incomeLn 4–11$1K
Gains on assetsLn 7$0
Total revenueLn 12$2.5M
Assets in detailPt X, end of year
CashLn 1$464K
SavingsLn 2$0
Cash and savings togetherLn 1–2$464K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$977K
LiabilitiesLn 26$94K
Net assetsLn 32$883K
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 FY20End FY20
Cash and savingsLn 1–2$582K$464K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$708K$977K
LiabilitiesLn 26$66K$94K
Net assetsLn 32$642K$883K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$172K$167K$4K$424
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$551K$536K$14K$1K
Pension plan contributionsLn 8$82K$80K$2K$203
Other employee benefitsLn 9$124K$121K$3K$306
Payroll taxesLn 10$106K$104K$3K$263
Management feesLn 11a$0
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$4K$4K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$1.1M$1.1M$12K
Advertising and promotionLn 12$0
Office expensesLn 13$29K$27K$2K
Information technologyLn 14$20K$3K$17K
RoyaltiesLn 15$0
OccupancyLn 16$601$584$15$2
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$9K$3K$6K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
All other expensesLn 24e$0
Total functional expensesLn 25$2.2M$2.2M$68K$3K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $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 O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $2,474,284 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,802,318$2,023,083
I-9 Program service revenuePrior year $225,000$450,000
I-10 Investment income$0
I-11 Other revenuePrior year $9,924$1,201
I-12 Total revenuePrior year $2,037,242$2,474,284
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $974,435$1,035,893
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $927,499$1,197,757
I-18 Total expensesPrior year $1,901,934$2,233,650
I-19 Revenue less expensesPrior year $135,308$240,634
Part VI · Governance 38 of 38 board members independent, no flags
VI-1a Voting members of the governing body38
VI-1b Independent voting members38
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,474,284 across 11 lines filed
VIII-1b Membership dues$332,000
VIII-1e Government grants$1,691,083
VIII-1h Total contributions, gifts and grants$2,023,083
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $450,000$450,000
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,201$1,201
VIII-12 Total revenueRelated to mission $451,201$2,474,284
Part IX · Statement of functional expenses $2,233,650 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $167,391 · Management $4,243 · Fundraising $424$172,058
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $536,035 · Management $13,587 · Fundraising $1,359$550,981
IX-8 Pension plan contributionsPrograms $80,042 · Management $2,029 · Fundraising $203$82,274
IX-9 Other employee benefitsPrograms $120,721 · Management $3,060 · Fundraising $306$124,087
IX-10 Payroll taxesPrograms $103,604 · Management $2,626 · Fundraising $263$106,493
IX-11a Management fees$0
IX-11b Legal feesManagement $1,040$1,040
IX-11c Accounting feesManagement $3,792$3,792
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $1,122,464 · Management $12,477$1,134,941
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $26,565 · Management $2,116$28,681
IX-14 Information technologyPrograms $2,881 · Management $17,000$19,881
IX-15 Royalties$0
IX-16 OccupancyPrograms $584 · Management $15 · Fundraising $2$601
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $3,098 · Management $5,723$8,821
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $2,163,385 · Management $67,708 · Fundraising $2,557$2,233,650
Part X · Balance sheet $977,193 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $581,568$464,500
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivableStart of year $12,000$123,250
X-4 Accounts receivableStart of year $94,920$356,033
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $19,846$33,410
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $708,334$977,193
X-17 Accounts payable and accrued expensesStart of year $59,946$94,171
X-26 Total liabilitiesStart of year $65,946$94,171
X-27 Net assets without donor restrictionsStart of year $642,388$883,022
X-32 Total net assets or fund balancesStart of year $642,388$883,022
X-33 Total liabilities and net assetsStart of year $708,334$977,193
Part XI · Reconciliation of net assets $883,022 net assets at year end
XI-1 Total revenue$2,474,284
XI-2 Total expenses$2,233,650
XI-3 Revenue less expenses$240,634
XI-4 Net assets at start of year$642,388
XI-10 Net assets at end of year$883,022

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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