2024-11-22T09:22:37-06:00 2023-12-31 721088864 LAPORTE APAC 1770 ST JAMES PLACE SUITE 250 HOUSTON TX 770563432 990 2023-01-01 760694434 HERZSTEIN INVESTMENTS INC HERZ 7136817868 6131 WESTVIEW HOUSTON TX 77055 JUSTINA RENEE MASARYK PRESIDENT 7136817868 2024-11-21 1 0 CHERISH VAN MULLEM JD LLM P01633210 7139638008 2023 2024-10-15 13:58:12Z JUSTINA RENEE MASARYK 6131 WESTVIEW HOUSTON TX 77055 5970551 0 X HERZSTEININVESTMENTS.COM X 2001 TX THE CORPORATION HOLDS TITLE TO REAL PROPERTY, COLLECTS INCOME THERE FROM AND TURNS OVER ALL SUCH INCOME (LESS EXPENSES) TO AN AFFILIATED 501(C)(3) ORGANIZATION. 4 0 0 0 0 0 0 0 0 0 8090 49193 3554900 4204966 3562990 4254159 0 0 0 0 823605 895794 0 0 0 2739385 3358365 3562990 4254159 0 0 73235376 73675396 2235354 2050569 71000022 71624827 THE CORPORATION HOLDS TITLE TO REAL PROPERTY, COLLECTS INCOME THERE FROM AND TURNS OVER ALL SUCH INCOME (LESS EXPENSES) TO AN AFFILIATED 501(C)(3) ORGANIZATION. 0 0 N/A 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 15 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 0 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X JUSTINA RENEE MASARYK 7136817868 6131 WESTVIEW HOUSTON TX 77055 L MICHAEL HAJTMAN PRESIDENT (1/1/23 - 8/4/23) 17.50 40.00 X X 149992 132300 41344 GEORGE W STRAKE III SECRETARY/TREASURER (8/23/23 - 12/31/23) 1.00 5.00 X X 4167 20000 0 JUSTINA RENEE MASARYK PRESIDENT (8/23/23 - 12/31/23) 5.00 12.00 X X 56917 123083 26376 RICHARD LOEWENSTERN DIRECTOR (1/1/23 - 8/23/23) 1.00 5.00 X 5833 22917 0 CRAIG LOEWENSTERN CHAIRMAN (8/23/23 - 12/31/23) 1.00 5.00 X X 4167 20000 0 BRYAN MILLER VICE PRESIDENT (8/23/23 - 12/31/23) 1.00 5.00 X X 4167 20000 0 RICHARD PENNINGTON GENERAL MANAGER 50.00 X 268333 0 40250 LUDEK KOLECKAR REAL ESTATE SUPERINTENDENT 40.00 X 110083 0 16513 603659 338300 124483 3 0 1 0 0 49193 49193 5921358 1716392 4204966 4204966 4204966 4254159 0 0 4254159 192171 548526 83673 35982 35442 57427 2079 2175 1689 12557 DIVIDEND PAYMENTS TO TH 3282254 BAD DEBT EXPENSE 184 4254159 1121226 165239 69283 953709 146844 379848 4159 36362094 0 36268335 36362094 35629688 35810347 73235376 73675396 1499052 836014 736302 1214555 2235354 2050569 X 1000 1000 70999022 71623827 0 0 71000022 71624827 73235376 73675396 X 0 624805 X X 0 1 X 1 0 9539186 9539186 26822908 26822908 36362094 UNREALIZED GAIN ON REAL ESTATE 34473455 PRE-PAID COMMISSIONS ON LEASES 964856 CENTER POINT ENERGY DEPOSIT 160 PRE-PAID PROPERTY INSURANCE 371876 35810347 DIVIDEND PAYMENTS DUE TO A & E HERZSTEIN PF 1027789 RENT DEPOSIT PAYABLE 186766 1214555 X 5969550 0 5969550 -1715391 -1715391 4254159 2687296 1715392 1715392 971904 3282255 3282255 4254159 PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PROVIDE ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT POSITIONS TAKEN BY AN ENTITY IN ITS TAX RETURNS THAT MIGHT BE UNCERTAIN. THE FOUNDATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS. PENALTIES AND INTEREST ASSESSED BY INCOME TAXING AUTHORITIES, IF ANY, WOULD BE INCLUDED IN ADMINISTRATIVE AND FEDERAL EXCISE TAX EXPENSE. THE AMOUNT OF FEDERAL EXCISE TAX FOR BOTH 2023 AND 2022 WAS $0. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -1,716,392. MISCELLANEOUS INCOME 1,000. ROUNDING 1. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 1,716,392. MISCELLANEOUS INCOME -1,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: PAYMENTS TO AFFILIATES 3,282,254. ROUNDING 1. X X X X X 0 0 0 L MICHAEL HAJTMAN PRESIDENT (1/1/23 - 8/4/23) 143325 132300 0 0 6667 0 19680 21664 0 0 169672 153964 0 0 RICHARD PENNINGTON GENERAL MANAGER 268333 0 0 0 0 0 40250 0 0 0 308583 0 0 0 JUSTINA RENEE MASARYK PRESIDENT (8/23/23 - 12/31/23) 56917 123083 0 0 0 0 7913 18463 0 0 64830 141546 0 0 FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION'S BYLAWS WERE AMENDED AND UPDATED TO REFLECT CHANGES TO THE COMPOSITION OF THE BOARD OF DIRECTORS. PREVIOUSLY THE BOARD OF DIRECTORS ONLY CONSISTED OF TWO VOTING MEMBERS. THE ORGANIZATION'S BOARD OF DIRECTORS NOW CONSIST OF FOUR VOTING MEMBERS PER THE AMENDED BYLAWS. FORM 990, PART VI, SECTION A, LINE 6 HERZSTEIN INVESTMENTS, INC. IS A CORPORATION DESCRIBED UNDER SECTION 501(C)(2) OF THE CODE. ALBERT & ETHEL HERZSTEIN CHARITABLE FOUNDATION IS THE SOLE SHAREHOLDER OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A ALBERT & ETHEL HERZSTEIN CHARITABLE FOUNDATION IS THE SOLE SHAREHOLDER AND MAINTAINS CONTROL OVER HERZSTEIN INVESTMENTS, INC. FORM 990, PART VI, SECTION A, LINE 7B ANY DECISIONS OF THE GOVERNING BODY OF THE ORGANIZATION ARE SUBJECT TO APPROVAL BY THE ALBERT & ETHEL HERZSTEIN CHARITABLE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE ORGANIZATION'S FORM 990 IS PRESENTED AT A BOARD OF DIRECTORS MEETING. DURING THIS MEETING THE TAX RETURN IS REVIEWED AND DISCUSSED FOR ACCURACY AND COMPLETENESS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY STATEMENT IS REVIEWED ANNUALLY AND COMPLIED WITH BY ALL OFFICERS, DIRECTORS, AND BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE PRESIDENT AND KEY EMPLOYEE IS SET BY INDEPENDENT MEMBERS OF THE BOARD OF THE ALBERT AND ETHEL HERZSTEIN FOUNDATION BASED ON COMPARABILITY DATA. IT IS REVIEWED BY AN OUTSIDE THIRD PARTY. THE FINAL AMOUNT IS DETERMINED, AFTER DELIBERATION BY THE PERMANENT MEMBERS OF THE BOARD OF THE FOUNDATION, AS REFLECTED IN THE MINUTES. FORM 990, PART VI, SECTION C, LINE 18 AVAILABLE UPON REQUEST FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST FORM 990, PART XI, LINE 9: CASH RESERVE (ADDITIONAL PAID IN CAPITAL) 624,805. FORM 990, PART XII, LINE 2C NO CHANGE FROM PRIOR YEAR. ALBERT & ETHEL HERZSTEIN CHARITABLE FOUNDATION 6131 WESTVIEW HOUSTON TX 77055 746070484 CONTRIBUTIONS TO PUBLICLY SUPPORTED 501(C)(3) ORGANIZATIONS TX 501(C)(3) PF N/A 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 ALBERT & ETHEL HERZSTEIN CHARITABLE FOUNDATION R 3282254 CASH-DIVIDENDS ALBERT & ETHEL HERZSTEIN CHARITABLE FOUNDATION O 907779 CASH