Nonprofit · EIN 14-1730634
NHC FOUNDATION INC
Tax-exempt · LOCH SHELDRKE, NY 12759
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $697,178 | $143,056 | $554,122 | $6,515,878 | $2,144 | $6,513,734 |
| December 31, 2024 | 990 | $599,312 | $149,298 | $450,014 | $5,497,592 | $4,174 | $5,493,418 |
| December 31, 2023 | 990 | $733,990 | $300,493 | $433,497 | $4,685,897 | $55,032 | $4,630,865 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $501,301
- Program service revenue
- $0
- Investment income
- $261,713
- Net gain from sales of assets
- $145,565
- Net income from fundraising events
- -$65,836
- Other revenue
- -$65,836
Expenses
- Grants and similar amounts paid
- $36,437
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $6,475
- Depreciation
- $200
- Program services (functional)
- $36,437
- Management and general (functional)
- $104,977
- Fundraising (functional)
- $1,642
Balance sheet and other
- Total assets, start of year
- $5,497,592
- Total assets, end of year
- $6,515,878
- Total liabilities, end of year
- $2,144
- Net assets, end of year
- $6,513,734
- Land, buildings and equipment
- $11,800
- Publicly traded securities
- $5,947,146
- Net assets without donor restrictions
- $6,462,741
- Net assets with donor restrictions
- $50,993
- Gross receipts
- $2,362,238
- Employees
- 0
- Volunteers
- 5
- Year formed
- 1989
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DEBRA MCGINNESS | CHIEF EXECUTIVE OFF. (UNTIL 7/25) Officer | 1.1 | $0 | $388,404 | $28,107 |
| KAREN RUSSELL | CEO Officer | 1.1 | $0 | $307,782 | $67,263 |
| TARIQ IQBAL | CFAO Officer | 1.1 | $0 | $279,869 | $57,033 |
| AMY SPADAFINO | TRUSTEE Trustee or director | 0.3 | $0 | $0 | $0 |
| BRIAN SILVER | TRUSTEE Trustee or director | 0.3 | $0 | $0 | $0 |
| MARGUERITE WAGNER | TRUSTEE Trustee or director | 0.3 | $0 | $0 | $0 |
| STEPHEN SKILLMAN | CHAIR Trustee or director, Officer | 0.3 | $0 | $0 | $0 |
| STUART REICH | VICE CHAIR Trustee or director, Officer | 0.3 | $0 | $0 | $0 |
990 for the year ended December 31, 2024: 9 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DEBRA MCGINNESS | CHIEF EXECUTIVE OFFICER Officer | 1.1 | $0 | $399,029 | $60,108 |
| TARIQ IQBAL | CFAO Officer | 1.1 | $0 | $243,839 | $52,878 |
| ROBERT DINERSTEIN | SECRETARY/TREASURER Trustee or director, Officer | 0.3 | $0 | $0 | $0 |
| STEPHEN SKILLMAN | CHAIR Trustee or director, Officer | 0.3 | $0 | $0 | $0 |
| REICH STUART | VICE CHAIR Trustee or director | 0.3 | $0 | $0 | $0 |
| ANNABEL LINDENBAUM | TRUSTEE (UNTIL 03/2024) Trustee or director | 0.3 | $0 | $0 | $0 |
| ANNE SWEAZEY | SECRETARY (UNTIL 03/2024) Trustee or director, Officer | 0.3 | $0 | $0 | $0 |
| JAN FRIEDLANDER SVENSEN | TRUSTEE (UNTIL 03/2024) Trustee or director | 0.3 | $0 | $0 | $0 |
| SANFORD GOLDSTEIN | TRUSTEE (UNTIL 03/2024) Trustee or director | 0.3 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DEBRA MCGINNESS | CHIEF EXECUTIVE OFFICER Officer | 1.1 | $0 | $393,745 | $56,386 |
| TARIQ IQBAL | CFAO Officer | 1.1 | $0 | $237,874 | $45,745 |
| THOMAS BURNHAM | EXECUTIVE DIRECTOR (OUTGOING) Officer | 20 | $0 | $101,225 | $17,021 |
| ANNABEL LINDENBAUM | TRUSTEE Trustee or director | 0.3 | $0 | $0 | $0 |
| ANNE SWEAZEY | SECRETARY Trustee or director, Officer | 0.3 | $0 | $0 | $0 |
| JAN FRIEDLANDER SVENDSEN | TRUSTEE Trustee or director | 0.3 | $0 | $0 | $0 |
| ROBERT DINERSTEIN | VICE CHAIR Trustee or director, Officer | 0.3 | $0 | $0 | $0 |
| SANFORD GOLDSTEIN | TRUSTEE Trustee or director | 0.3 | $0 | $0 | $0 |
| STEPHEN SKILLMAN | CHAIR Trustee or director, Officer | 0.3 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 289, LOCH SHELDRKE, NY 12759-0289
- In care of
- % HERBERT D SCHWARTZMAN
- Principal officer (990 for 2025)
- KAREN RUSSELL, ROUTE 52 PO BOX 289, LOCH SHELDRAKE, NY 127590289
- Signed the 990
- KAREN RUSSELL, CHIEF EXECUTIVE OFFICER
- Phone
- (845) 434-8300
- Return prepared by
- CBIZ ADVISORS LLC
Mission
TO SECURE, PRESERVE AND DISTRIBUTE FUNDING TO FURTHER THE PURPOSE AND VISION OF NEW HOPE COMMUNITY.
Program accomplishments
- THE FOUNDATION SUPPORTED OTHER TAX EXEMPT ORGANIZATIONS BY GIVING GRANTS THAT CREATE AND PROVIDE INDIVIDUAL CHOICES AND SUPPORTS FOR PEOPLE WITH DEVELOPMENTAL AND OTHER DISABILITIES TO LIVE, WORK AND PARTICIPATE IN THE COMMUNITIES.Expenses $36,437 · grants $36,437
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 14-1730634
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1994
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $6,515,878
- Income (IRS master file)
- $2,362,238
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | – | – | – | IRS |
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $733,990 | $300,493 | $4,685,897 | IRS |
| 990 | December 2022 | $223,058 | $312,006 | $4,102,278 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about NHC FOUNDATION INC
- What is the EIN of NHC FOUNDATION INC?
- The employer identification number (EIN) of NHC FOUNDATION INC is 14-1730634.
- Is NHC FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to NHC FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NHC FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NHC FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NHC FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of NHC FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names KAREN RUSSELL.
- Who are the officers and directors of NHC FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does NHC FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $697,178, expenses of $143,056 and total assets of $6,515,878 at year end.
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