Havenwood-Heritage Heights Trust Fund

EIN: 020366556 501(c)(3) Human Services

Concord, NH

Total Revenue
$821,907
Total Expenses
$904,691
Total Assets
$29,724,202
Net Assets
$29,575,134
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
NH
Principal Officer
Michael A Palmieri
Phone
6032245363
Tax Period
2023-01-01 to 2023-12-31

Havenwood-Heritage Heights Trust Fund, founded in 1982, is a small nonprofit in the Human Services sector that reported $822K in total revenue in fiscal year 2023. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $905K exceeded revenue, resulting in a 10% operating deficit.

Mission

To provide financial support to the United Church of Christ Retirement Community and its residents.

Program Service Accomplishments

Program 1
Expenses: $684,086 Revenue: $0

To provide financial support to the United Church of Christ Retirement Community.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $13,424
Program Service Revenue $0
Investment Income $808,483
Other Revenue $0
TOTAL REVENUE $821,907

Expense Breakdown

Grants Paid $682,525
Salaries & Benefits $0
Fundraising Expenses $25,000
Program Expenses $684,086
Other Expenses $222,166
TOTAL EXPENSES $904,691

Year-over-Year Comparison

2023 2022 Change
Revenue $821,907 $1,478,237 -0.4%
Expenses $904,691 $712,400 +0.3%
Net Income $-82,784 $765,837 -1.1%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
6
Employees
N/A
Volunteers
6

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$552,796
Total Directors
7
$382,519
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michael A Palmieri CEO UCCRC President/CEO, Ex Officio 1.00
Officer Director
$0 $44,619 $382,519
Edward R MacKay Trustee 0.50
Director
$0 $0 $0
Mary W McLaughlin Trustee 0.50
Director
$0 $0 $0
Lisa Snow Trustee 0.50
Director
$0 $0 $0
John Udaloy Trustee 0.50
Director
$0 $0 $0
Gary Woods Trustee 0.50
Director
$0 $0 $0
Douglas S Hatfield Chairman 0.50
Officer Director
$0 $0 $0
Tracy J Judd VP/CFO UCCRC 1.00
Officer
$0 $6,178 $170,277
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $821,907 $904,691 $29,724,202 $-82,784
2022 $1,478,237 $712,400 $26,540,127 $765,837
2021 $3,466,366 $770,706 $30,142,271 $2,695,660
2020 $1,618,119 $925,050 $28,028,764 $693,069
2019 $861,115 $734,897 $25,359,249 $126,218
2018 $1,617,286 $749,523 $21,348,323 $867,763
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