Hpl Realty Corp FY2024 filing

Tax-deductible

Holyoke, MA501(c)(3)Since 2011EducationEIN 45-2646785Revenue $11K in FY2024

On file with the IRS250 Chestnut St, 01040-4858 · Holyoke, MATax-exempt since Jan 2025Supporting org, Type I — 509(a)(3)

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To hold assets & facilitate construction & improvements of the holyoke public library corporation, a massachusetts 501(c)(3) nonprofit organization.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists 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
0 of 2
filings with a surplus
Average deficit $198K a year · 91% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
75%
of spending
Looks good: 75% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$215K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$11K
-97% vs prior year
Spent
$382K
To programs
75%
Net assets
$11.3M
By yearFY2020–FY2024
Revenue
$11K
FY2024▼ -97%
Tap a bar for its year
Revenue by fiscal year
FY2020$425K
FY2024$11K
FY2024$10K
Expenses
$382K
FY2024▼ -15%
Tap a bar for its year
Expenses by fiscal year
FY2020$451K
FY2024$382K
FY2024$382K
Net assets
$11.3M
FY2024▼ -15%
Tap a bar for its year
Net assets by fiscal year
FY2020$13.3M
FY2024$11.3M
FY2024$11.0M

From the FY2024 Form 990 (year ending June 2024) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Revoked Nov 2023, reinstated. IRS ruling Jan 2025, per the IRS master file. Latest filing on record: FY2024. IRS ruling in Jan 2025.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $286K Management & general 20% · $76K Fundraising 5% · $19K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Hpl Realty Corp executive salaries →

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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

Manages assets and supports building construction and improvements for the public library.

Provided by the organization

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1 program · $286K · in their own filed words · FY2023
01

To hold assets & facilitate construction & improvements of the holyoke public library corporation, a massachusetts 501(c)(3) nonprofit organization.

$286Kprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$11K
Ln 12
Other incomeLn 4–11$10K
Gifts and grantsLn 1h$1K
Investment incomeLn 3$50
Money outPt IX
$382K
Ln 25
Programscol B$286K
Managementcol C$76K
Fundraisingcol D$19K
Owns and owesPt X
$11.3M
net assets · Ln 32
Cash and savingsLn 1–2$34K
Total assetsLn 16$11.5M
LiabilitiesLn 26$215K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1K
Investment incomeLn 3$50
Other incomeLn 4–11$10K
Total revenueLn 12$11K
Assets in detailPt X, end of year
CashLn 1$34K
Cash and savings togetherLn 1–2$34K
Land, buildings, equipmentLn 10c$11.4M
Other assetsLn 15$56K
Total assetsLn 16$11.5M
LiabilitiesLn 26$215K
Net assetsLn 32$11.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$23K$34K
Land, buildings, equipmentLn 10c$11.8M$11.4M
Total assetsLn 16$11.9M$11.5M
LiabilitiesLn 26$215K$215K
Net assetsLn 32$11.7M$11.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Depreciation, depletion and amortizationLn 22$382K$286K$76K$19K
Total functional expensesLn 25$382K$286K$76K$19K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $11K$382K−$370K$11.3M 990 PDF
FY2023 Not on file
FY2022 Not on file
FY2021 Not on file
FY2020 $425K$451K−$25K$13.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $11,350 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$1,300
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $84$50
I-11 Other revenuePrior year $0$10,000
I-12 Total revenuePrior year $84$11,350
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $381,522$381,521
I-18 Total expensesPrior year $381,522$381,521
I-19 Revenue less expensesPrior year −$381,438−$370,171
Part VI · Governance 5 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-14 Document retention and destruction policyNo
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
Part VIII · Statement of revenue $11,350 across 5 lines filed
VIII-1f All other contributions, gifts and grants$1,300
VIII-1h Total contributions, gifts and grants$1,300
VIII-3 Investment incomeExcluded from tax $50$50
VIII-6 Net rental income or lossRelated to mission $10,000$10,000
VIII-12 Total revenueRelated to mission $10,000 · Unrelated business $0 · Excluded from tax $50$11,350
Part IX · Statement of functional expenses $381,521 across 1 line filed
IX-22 Depreciation, depletion and amortizationPrograms $286,141 · Management $76,304 · Fundraising $19,076$381,521
IX-25 Total functional expensesPrograms $286,141 · Management $76,304 · Fundraising $19,076$381,521
Part X · Balance sheet $11,539,750 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $22,994$34,294
X-10c Land, buildings and equipment, netStart of year $11,830,880$11,449,359
X-15 Other assetsStart of year $56,047$56,097
X-16 Total assetsStart of year $11,909,921$11,539,750
X-25 Other liabilitiesStart of year $214,882$214,882
X-26 Total liabilitiesStart of year $214,882$214,882
X-27 Net assets without donor restrictionsStart of year $11,695,039$11,324,868
X-32 Total net assets or fund balancesStart of year $11,695,039$11,324,868
X-33 Total liabilities and net assetsStart of year $11,909,921$11,539,750
Part XI · Reconciliation of net assets $11,324,868 net assets at year end
XI-1 Total revenue$11,350
XI-2 Total expenses$381,521
XI-3 Revenue less expenses−$370,171
XI-4 Net assets at start of year$11,695,039
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$11,324,868

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

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