2024-09-04T22:00:16-07:00 2023-12-31 990EZ 2023-01-01 820665768 HACHESHBONE THE BUDGET INC HACH 6468201256 16 Harriett Lane Spring Valley NY 10977 David Koegel Director 6468201256 2024-05-15 1 2023 2024-08-08 14:25:15Z Modified Cash Basis X https://hacheshbonethebudgetinc.godaddysites.com/ X X 124731 X 124731 0 0 0 0 0 0 0 0 0 0 0 0 0 0 124731 168550 0 0 0 0 0 0 168550 -43819 29681 49132 34994 X 29681 22999 0 0 0 80995 29681 103994 0 69000 29681 34994 X Our mission is to assist families from our community with regular sources of income manage through financially challenging events. We evaluate each need and depending on funds available at the time try to assist all those that need help. Organization did not establish any new programs. Since its inception it has stayed within its Board established mission. All donations are disbursed. There are no salaried employees and the only expense are the credit card fees netted at time of the donation by the processor prior to depositing funds into the organizations bank account. 0 0 The organization was able to source more than 100 donations in this calendar year. 0 0 0 X David Koegel Director/Board member 10 0 0 0 Joseph Brachfeld Member of the Board 1 0 0 0 Hillel Gittler Member of the Board 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NY David Koegel 16 Harriett Lane Spring Valley NY 10977 6468201256 0 0 0 0 0 0 0 0 0 0 0 NONE NONE 1 X 38091 38407 40578 72297 124732 314105 38091 38407 40578 72297 124732 314105 314105 38091 38407 40578 72297 124732 314105 1 1 0 0 X Form 990-EZ, Part I, Line 10 Charity disbursements less $20,080.16 funds were short term loan disbursements as noted below. Form 990-EZ, Part I, Line 20 This change represents an unrecorded pledge receivable in amount of $49,131. This is not a donation receivable, but reimbursement to the organization for funds advanced to a charitable need in 2022. Form 990-EZ, Part II, Line 22 Additional cash for openeing cash in amont of $743.41 included for 2022 reconciliation. Form 990-EZ, Part II, Line 24 This includes a Loan Receivable for $20,000 terms of repayment 24-36 months. There is no interest, it is a charitable loan.This line also includes the purchased asset, a handicap vehicle for a cerebral palsy young adult PP $60,995. There was an additional $743.41 that was in Paypal donation account at FYE 2022 and was not included and was added here. Form 990-EZ, Part II, Line 26 This represents two loans for $20,000 and $49,131 received to manage for recipients. Form 990-EZ, Part III, Line (28-31) Provided services and support for 36 plus families...additionally. as explained, the Organization maintains the privacy of the individual recipients. It would be terribly embarrassing for an individual to accept charity if he/she knows others from the community will know. Forms of assistance include but not limitd to: coverage of emergency bills ie. utility to avoid shut off. Car repairs to be able to get to work. Medical care. Mental Therapy etc. Form 990-EZ, Part IV As explained, the Organization maintains the privacy of the individual recipients. It would be terribly embarrassing for an individual to accept charity if he/she knows others from the community will know. Forms of assistance include but not limitd to: coverage of emergency bills ie. utility to avoid shut off. Car repairs to be able to get to work. Medical care. Mental Therapy etc. The organization has one primary volunteer to manage the books. Prior to 2022, the organization filed 990N's each year. in 2022 it did the same. However, when reconciling the books I realized I needed to file the longer form and no longer the 990N card. As a first time long form filer it was complicated to figure out how to to online and proper classifications. We manually filed and the file was returned with instructions to electronically file. We attempted to find the IRS site to file , but to no avail and resent a paper file. We then received written instructions to use a 3rd party company. After much efforts the 2022 was completed, submitted, and accepted 8-2024. Once this was done we had the 2023 prepared, and we are now filing the 2023. Please note the organization has no administrative budget and would have to fundraise to pay any penalties. We respectfully ask for the IRS to forgive 2022 and and 2023 penalties it may consider. Evidence of correction of our actions is by this prompt filing once 2022 was completed and accepted should hopefully give you cause to provide this waiver. We appreciate your help and thank you in advance.