Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on this filing.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
No value available
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
Score unavailable
Net margin requires both revenue and expenses on this filing.
Top Officer Pay
86th percentile
Higher top officer pay than 86% of similar nonprofits.
Asset Growth
2nd percentile
Faster asset growth than 2% of similar nonprofits.
Revenue Growth
Score unavailable
A valid growth rate could not be computed from the available filing history.
Balance Sheet
Assets
Flat$0
Flat from 2023
Net Assets
Flat$0
Flat from 2023
Liabilities
Flat$0
Flat from 2023
Revenue And Expenses
Revenue
Flat$0
Flat from 2023
Expenses
Flat$0
Flat from 2023
Net Income
Flat$0
Flat from 2023
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2023 to Jun 30, 2024
- Signed
- May 8, 2025
- Return Version
- 2023v6.0
- Gross Receipts
- $0
Mission and Program Overview
Mission
The purpose of hb foundation, inc. Is to acquire, develop, own, lease, operate and maintain real property assets for the benefits of tax-exempt charter schools located in the new york metropolitan area and to provide supplemental support to those charter schools.
SEE SCHEDULE O
Program Services
| Description | Grants | Expenses |
|---|---|---|
| SEE SCHEDULE O | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| JOEL RIVERA | Chairman | - | $0 | - | - |
| ROSA MERCADO | Secretary | - | $0 | - | - |
| NILZA OYOLA | Director | - | $0 | - | - |
| SUSANA R LEON | Director | - | $0 | - | - |
| KEVIN KEARNS | Chief Financial Officer | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- HB Foundation Inc
- EIN
- 85-0683094
- Phone
- 9144760600
- Address
- 14 W 170TH STREET, BRONX, NY 10452
Signing Officer
- Name
- Kevin Kearns
- Title
- CFO
- Signed
- 2025-05-08
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Forvis Mazars LLP
- Address
- 135 West 50th Street, New York, NY 10020
- Preparer
- Aaron Shapiro
- Phone
- 2128127000
Supplemental Narrative
Additional Explanations
Form 990-EZ, Part III, Line 28, Description STATEMENT ON PROGRAM SERVICE ACCOMPLISHMENTS
“The purpose of hb foundation, inc. Is to acquire, develop, own, lease, operate and maintain real property assets for the benefits of tax-exempt charter schools located in the new york metropolitan area and to provide supplemental support to those charter schools.”
Form 990-EZ, Part III, Exempt Purpose ORGANIZATION'S PRIMARY EXEMPT PURPOSE
“The purpose of hb foundation, inc. Is to acquire, develop, own, lease, operate and maintain real property assets for the benefits of tax-exempt charter schools located in the new york metropolitan area and to provide supplemental support to those charter schools.”
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990EZ/SpecialEventsNetIncomeLossAmt | 0 | 0 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | NY |
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| IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd | 0 | false |
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| IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesFurtherExemptPrpsInd | 0 | true |
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| IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd | 0 | true |
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| IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd | 0 | false |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | THE PURPOSE OF HB FOUNDATION, INC. IS TO ACQUIRE, DEVELOP, CONSTRUCT, OWN, LEASE, OPERATE AND MAINTAIN REAL PROPERTY ASSETS FOR THE BENEFIT OF TAX-EXEMPT CHARTER SCHOOLS LOCATED IN THE NEW YORK METROPOLITAN AREA AND TO PROVIDE SUPPLEMENTAL SUPPORT TO THOSE CHARTER SCHOOLS. THE BOARD OF DIRECTORS OF HB FOUNDATION WILL OVERSEE THESE REAL ESTATE ACTIVITIES. HB FOUNDATION ANTICIPATES THAT IT WILL INITIALLY DEVOTE 100% OF ITS COLLECTIVE TIME TO THESE REAL ESTATE ACTIVITIES; ALL OF HB FOUNDATION'S OVERALL EXPENSES WILL BE ALLOCATED TO ITS ACTIVITIES. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 1 | HB FOUNDATION'S PLANNED ACTIVITIES ARE IN FURTHERANCE OF ITS TAX-EXEMPT PURPOSES OF PROVIDING REAL ESTATE ASSETS AND SUPPORT TO TAX-EXEMPT CHARTER SCHOOLS OPERATING IN THE NEW YORK METROPOLITAN AREA. FLACS IS A TAX-EXEMPT APPROVED CHARTER SCHOOL THAT HAS BEEN OPERATING IN THE BRONX, NEW YORK, SINCE 2001. CONSISTENT WITH ITS MISSION, FLACS EDUCATES APPROXIMATELY 1,400 STUDENTS IN KINDERGARTEN THROUGH GRADE EIGHT. IN 2012 AND 2014, FLACS EXPANDED TO INCLUDE A SECOND AND THIRD SCHOOL RESPECTIVELY. IN 2019, FLACS OPENED A MIDDLE SCHOOL CAMPUS FOR ALL ITS ELEMENTARY STUDENTS TO ATTEND. FINALLY, FLACS HAS OBTAINED APPROVAL TO OPEN A FOURTH SCHOOL BEGINNING IN 2021. HB FOUNDATION INTENDS TO PROVIDE FLACS WITH THE REAL ESTATE FACILITIES IT REQUIRES TO SUPPORT ITS GROWTH. |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE PURPOSE OF HB FOUNDATION, INC. IS TO ACQUIRE, DEVELOP, OWN, LEASE, OPERATE AND MAINTAIN REAL PROPERTY ASSETS FOR THE BENEFITS OF TAX-EXEMPT CHARTER SCHOOLS LOCATED IN THE NEW YORK METROPOLITAN AREA AND TO PROVIDE SUPPLEMENTAL SUPPORT TO THOSE CHARTER SCHOOLS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE PURPOSE OF HB FOUNDATION, INC. IS TO ACQUIRE, DEVELOP, OWN, LEASE, OPERATE AND MAINTAIN REAL PROPERTY ASSETS FOR THE BENEFITS OF TAX-EXEMPT CHARTER SCHOOLS LOCATED IN THE NEW YORK METROPOLITAN AREA AND TO PROVIDE SUPPLEMENTAL SUPPORT TO THOSE CHARTER SCHOOLS. |
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| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990-EZ, Part III, Exempt Purpose ORGANIZATION'S PRIMARY EXEMPT PURPOSE |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | KEVIN KEARNS |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | CFO |
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| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | New York |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 10020 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 2128127000 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-05-15 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Aaron Shapiro |
| ReturnHeader/ReturnTs | 0 | 2025-05-08T07:45:57+00:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-06-30 |
| ReturnHeader/TaxYr | 0 | 2023 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $0
- Liabilities
- $0
- Net assets
- $0
- Revenue
- $0
- Expenses
- $0
- Net income
- $0