2023-08-22T11:56:08-05:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 150 S WARNER ROAD SUITE 310 KING OF PRUSSIA PA 19406 990 2022-01-01 232973751 PASSYUNK AVENUE REVITALIZATION CORPORATION PASS 2155515111 1134 TITAN STREET PHILADELPHIA PA 19147 ALEX BALLOON EXECUTIVE DIRECTOR 2155515111 2023-08-22 1 ALEX BALLOON 999009999 0 LAUREN N WEST P01970042 2156433900 2023-08-22 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ALEX BALLOON 1134 TITAN STREET PHILADELPHIA PA 19147 1122096 0 X WWW.PASSYARC.COM X 1999 PA NON-PROFIT REAL ESTATE DEVELOPMENT/MANAGEMENT COMPANY AND PUBLIC SPACE MAINTENANCE 10 10 2 12 0 0 313380 298765 761218 762888 9387 4874 20445 55569 1104430 1122096 0 0 0 0 140410 109127 0 0 6287 1181657 1184782 1322067 1293909 -217637 -171813 7663585 7101902 2348884 1959014 5314701 5142888 PASSYUNK AVENUE REVITALIZATION CORPORATION ("PARC") IS A NONPROFIT CHARITABLE ORGANIZATION WHOSE MISSION IS TO PROVIDE COMMUNITY SERVICES FOR NEIGHBORHOODS ALONG THE EAST PASSYUNK AVENUE CORRIDOR IN SOUTH PHILADELPHIA. 0 0 1182416 0 818457 COMMUNITY IMPROVEMENT INITIATIVES: ACQUIRED, RENOVATED, AND REHABILITATED BUILDINGS TO PROMOTE NEIGHBORHOOD BETTERMENT IN THE COMMUNITY. ACQUIRED PROPERTIES WERE BOTH COMMERCIAL AND RESIDENTIAL. PROVIDED COMMUNITY SUPPORT AND CLEANING SERVICES TO MAINTAIN THESE NEIGHBORHOODS IN A CLEAN, SAFE AND HABITABLE CONDITION. THE ORGANIZATION PROVIDES CLEANING SERVICES IN PARTNERSHIP WITH THE CITY OF PHILADELPHIA IN THE WASHINGTON AVENUE, BROAD STREET AND SNYDER AVENUE AREAS, WORKING TOWARDS THE GOAL TO REDUCE LITTER AND ILLEGAL DUMPING AND PROVIDE A CLEAN APPEARANCE FOR BOTH RESIDENTS AND VISITING PUBLIC, AND CREATE EMPLOYMENT OPPORTUNITIES. THE ORGANIZATION PROVIDES PRIMARY SIDEWALK CLEANING SUPPORT FOR THE EAST PASSYUNK AVENUE BUSINESS IMPROVEMENT DISTRICT. 1182416 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 7 0 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 PA X ALEX BALLOON 2155515111 1134 TITAN AVE PHILADELPHIA PA 19147 ALEX BALLOON EXECUTIVE DIRECTOR (FROM 02/22) 40.00 X 82212 0 0 BRYAN FENSTERMAKER EXECUTIVE DIRECTOR (UNTIL 02/22) 40.00 X 15252 0 0 PETER ANGELIDES CHAIRMAN 5.00 X X 0 0 0 LAURA SLUTSKY VICE CHAIRMAN 1.00 X X 0 0 0 SARAH ANTON SECRETARY 1.00 X X 0 0 0 DAVID GOLDFARB TREASURER 1.00 X X 0 0 0 DIMITRIA DAVENPORT MEMBER 0.25 X 0 0 0 JENNIFER DOUGHERTY MEMBER 0.25 X 0 0 0 ANDREW ERACE MEMBER 0.25 X 0 0 0 DARREN FAVA MEMBER 0.25 X 0 0 0 ALEX FELDMAN MEMBER 0.25 X 0 0 0 DAN POHLIG MEMBER 0.25 X 0 0 0 97464 0 0 0 0 0 0 ACAM MANAGEMENT CO 401 S 2ND ST SUITE 204 PHILADELPHIA PA 19147 CLEANING SERVICE 439110 1 298765 298765 RENTAL INCOME 531120 635895 635895 FEE INCOME 561700 126993 126993 762888 4874 4874 REIMBURSED EXPENSES 900099 48586 48586 TAX REIMBURSEMENTS 900099 5175 5175 INSURANCE CLAIMS 900099 2428 2428 -620 -620 55569 1122096 818457 0 4874 97464 77971 14620 4873 252 202 37 13 2220 1776 333 111 9191 7352 1379 460 648 518 130 50850 40680 10170 32044 25635 6283 126 22255 17838 4368 49 13095 10476 1964 655 8720 6976 1744 81377 81377 249339 199471 49868 17003 13602 3401 COMMUNITY BEAUTIFICATIO 469928 469928 RENTAL EXPENSES 225039 225039 BAD DEBT EXPENSE 10909 10909 PUBLIC SPACE IMPROVEMEN 3575 3575 1293909 1182416 105206 6287 132463 162442 1227854 839452 75121 55412 13668 28603 8291491 2469702 6009202 5821789 205277 194204 7663585 7101902 42471 38295 30100 34490 2209338 1806946 66975 79283 2348884 1959014 X 5314701 5142888 5314701 5142888 7663585 7101902 -171813 0 X 1 X 0 1 0 X 16251 38785 178980 313380 298765 846161 622623 686895 714985 761218 762888 3548609 638874 725680 893965 1074598 1061653 4394770 0 0 0 4394770 11198 5624 15892 9387 4874 46975 11198 5624 15892 9387 4874 46975 88116 113971 224362 20445 55569 502463 738188 845275 1134219 1104430 1122096 4944208 0.88890 0.88160 0.00950 0.00990 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2018 AMOUNT: $ 76,116. RECOVERY INCOME - 2018 AMOUNT: $ 12,000. 2019 AMOUNT: $ 88,205. 2020 AMOUNT: $ 201,560. 2021 AMOUNT: $ 20,008. REIMBURSED EXPENSES - 2019 AMOUNT: $ 25,766. 2020 AMOUNT: $ 20,681. 2021 AMOUNT: $ 9,439. 2022 AMOUNT: $ 48,586. TAX REIMURSEMENTS - 2020 AMOUNT: $ 2,121. 2021 AMOUNT: $ 2,267. 2022 AMOUNT: $ 5,175. LOSS ON EXTINGUISHMENT OF DEBT - 2021 AMOUNT: $ -11,269. 2022 AMOUNT: $ -620. INSURANCE PROCEEDS - 2022 AMOUNT: $ 2,428. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 343756 343756 7565794 2222195 5343599 320421 246428 73993 61520 1079 60441 5821789 SECURITY DEPOSITS 69500 LEASE LIABILITY 9783 79283 X PART X, LINE 2: FOR THE YEARS ENDED DECEMBER 31, 2022 AND 2021, THE ORGANIZATION HAS IDENTIFIED UNCERTAIN TAX POSITIONS RELATED TO THE NONFILINGS OF FORMS 990 FOR 2003 AND 2004 UNDER INTERNAL REVENUE SERVICE ISSUES. THE ORGANIZATION BELIEVES IT HAS NOT ENGAGED IN ANY ACTIVITIES FOR WHICH ITS TAX-EXEMPT STATUS WOULD NOT BE SUSTAINED UNDER EXAMINATION. GENERALLY, THE ORGANIZATION IS POTENTIALLY SUBJECT TO FEDERAL EXAMINATIONS FOR THE THREE YEARS. FORM 990, PART VI, SECTION A, LINE 1A EXECUTIVE COMMITTEE - CHAIRPERSON, VICE-CHAIRPERSON, SECRETARY & TREASURER CAN VOTE IN EMERGENCY SITUATIONS THEN BRING THE MEASURE TO THE NEXT FULL BOARD MEETING. THE EXECUTIVE COMMITTEE SHALL NOT HAVE ANY POWER OR AUTHORITY AS TO THE FOLLOWING: (A) THE CREATION OR FILLING OF VACANCIES IN THE BOARD; (B) THE ADOPTION, AMENDMENT OR REPEAL OF THE BYLAWS; (C) THE AMENDMENT OR REPEAL OF ANY RESOLUTION OF THE BOARD THAT BY ITS TERMS IS AMENDABLE OR REPEALABLE ONLY BY THE BOARD; OR (D) ACTION ON MATTERS COMMITTED BY THE BYLAWS OR A RESOLUTION OF THE BOARD EXCLUSIVELY TO ANOTHER COMMITTEE OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT FORM 990 IS REVIEWED BY THE ENTIRE BOARD PRIOR TO THE NEXT BOARD MEETING AFTER COMPLETION OF THE FORM 990, AND PROVIDED DURING THE SAME TIME. THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO COMPLETE ANNUAL CONFLICT OF INTEREST STATEMENTS, WHICH ARE TRACKED BY THE EXECUTIVE DIRECTOR. ANY NEW VENDORS OR STAFF ARE VETTED BY STAFF TO DETERMINE IF THERE'S ANY CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION IS PRESENTED TO THE BOARD FOR REVIEW/APPROVAL AT A BOARD MEETING. ALL THE BOARD MEMBERS PARTICIPATE IN THIS PROCESS. COST OF LIVING INCREASE IS CONSIDERED AND ADDED TO THE COMPENSATION OF THE OFFICER. THE DELIBERATION AND FINAL DECISION ARE TIMELY DOCUMENTED AS PART OF THE MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS, POLICIES AND TAX FILINGS ARE AVAILABLE UPON REQUEST.