2021-09-30T12:14:01-05:00 2020-12-31 410746749 CLIFTONLARSONALLEN LLP 610 W GERMANTOWN PIKE SUITE 400 PLYMOUTH MEETING PA 19462 990 2020-01-01 232973751 PASSYUNK AVENUE REVITALIZATION CORPORATION PASS 2155515111 1134 TITAN STREET PHILADELPHIA PA 19147 BRYAN FENSTERMAKER EXECUTIVE DIRECTOR 2155515111 2021-09-28 1 BRYAN FENSTERMAKER 999009999 WILLIAM A LOUGHERY P01603932 2156433900 2021-09-28 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z BRYAN FENSTERMAKER 1134 TITAN STREET PHILADELPHIA PA 19147 1134219 0 X WWW.PASSYARC.COM X 1999 PA NON-PROFIT REAL ESTATE DEVELOPMENT/MANAGEMENT COMPANY AND PUBLIC SPACE MAINTENANCE 11 11 2 11 0 0 38785 178980 686895 714985 5624 15892 113971 224362 845275 1134219 0 0 0 0 137049 167098 0 0 8905 941447 1083052 1078496 1250150 -233221 -115931 8043971 8085587 2395702 2553249 5648269 5532338 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 1142961 0 939347 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 ALSO PARTICIPATES IN A CITY OF PHILADELPHIA PROGRAM WORKING TOWARDS THE GOAL TO REDUCE LITTER AND ILLEGAL DUMPING WITHIN THE SOUTH BROAD STREET AND SNYDER AVENUE AREAS, PROVIDE A CLEAN APPEARANCE FOR BOTH RESIDENTS AND VISITING PUBLIC, AND CREATE EMPLOYMENT OPPORTUNITIES. 1142961 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 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 1 6 0 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 PA X BRYAN FENSTERMAKER 2155515111 1134 TITAN STREET PHILADELPHIA PA 19147 BRYAN FENSTERMAKER EXECUTIVE DIRECTOR 40.00 X 113699 0 0 PAUL LEVY CHAIRMAN 5.00 X X 0 0 0 PETER ANGELIDES VICE CHAIRMAN 1.00 X X 0 0 0 LAURA SLUTSKY SECRETARY 1.00 X X 0 0 0 DAVID GOLDFARB TREASURER 1.00 X X 0 0 0 ALAN HOFFMANN MEMBER 0.25 X 0 0 0 ALEX FELDMAN MEMBER 0.25 X 0 0 0 ANDREW ERACE MEMBER 0.25 X 0 0 0 DAN POHLIG MEMBER 0.25 X 0 0 0 DARREN FAVA MEMBER 0.25 X 0 0 0 JASON ABEL MEMBER 0.25 X 0 0 0 SARAH ANTON MEMBER 0.25 X 0 0 0 113699 0 0 1 0 0 0 ACAM 401 S 2ND STREETM SUITE 204 PHILADELPHIA PA 19147 CLEANING SERVICE 140008 1 X 178980 178980 RENTAL INCOME 531120 603522 603522 FEE INCOME 561700 111463 111463 714985 15892 15892 RECOVERY INCOME 900099 201560 201560 REIMBURSED EXPENSES 900099 20681 20681 TAX REIMBURSEMENTS 900099 2121 2121 224362 1134219 939347 0 15892 113699 90959 17055 5685 36460 29168 5469 1823 3465 2772 520 173 13474 10779 2021 674 6059 4847 1212 48375 38700 9675 45877 36702 9049 126 15475 12380 2957 138 5727 4582 859 286 9724 7779 1945 112699 112699 217277 173822 43455 20336 16269 4067 COMMUNITY BEAUTIFICATIO 344287 344287 RENTAL EXPENSES 239246 239246 BAD DEBT 17970 17970 1250150 1142961 98284 8905 135218 90862 1280224 1499970 52310 86498 30407 18616 8196476 2019096 6336951 6177380 208861 212261 8043971 8085587 10460 47104 24847 31650 2300395 2384308 27700 60000 62487 2395702 2553249 X 5648269 5532338 5648269 5532338 8043971 8085587 -115931 0 X X 0 1 X 1 0 X 1000 25300 16251 38785 178980 260316 692021 663096 622623 686895 714985 3379620 693021 688396 638874 725680 893965 3639936 0 0 0 3639936 599 3145 11198 5624 15892 36458 599 3145 11198 5624 15892 36458 22114 47926 88116 113971 224362 496489 715734 739467 738188 845275 1134219 4172883 0.87230 0.91540 0.00870 0.00580 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2016 AMOUNT: $ 22,114. 2017 AMOUNT: $ 47,926. 2018 AMOUNT: $ 88,116. 2019 AMOUNT: $ 113,971. 2020 AMOUNT: $ 224,362. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 343756 343756 7533308 1797801 5735507 314362 221295 93067 5050 5050 6177380 SECURITY DEPOSITS 62487 62487 X 1134219 0 1134219 0 1134219 1250150 0 1250150 0 1250150 PART X, LINE 2: FOR THE YEARS ENDED DECEMBER 31, 2020 AND 2019, THE ORGANIZATION HAS IDENTIFIED UNCERTAIN TAX POSITIONS RELATED TO THE NONFILINGS OF FORMS 990 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 1 AN EXECUTIVE COMMITTEE CONSISTING OF PRESIDENT, VICE-PRESIDENT, TREASURER, AND SECRETARY HAVE THE POWER TO MAKE A DECISION IF TIME IS OF ESSENCE. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT FORM 990 IS FIRST REVIEWED BY THE FINANCE COMMITTEE AND IS THEN CIRCULATED TO ALL BOARD MEMBERS FOR REVIEW. A MOTION IS MADE TO ACCEPT FORM 990 AT BOARD MEETING WHICH IS MEMORIALIZED IN BOARD MINUTES. THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ANNUALLY COMPLETE AND SIGN FORMS DISCLOSING ANY CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15A APPROVAL OF 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. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS, POLICIES AND TAX FILINGS ARE AVAILABLE UPON REQUEST. FORM 990, PART VIII, LINE 11 RECOVERY INCOME OF $201,560 IS DUE TO FINAL DISRIBUTION PAYMENT RECEIPT RELATED TO PREDECESSOR ORGANIZATION'S LITIGATION AGAINST TRIPARTITE LLC-COVENANT PARTNERS. FORM 990, PART XII, LINE 2C THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT AUDITING FIRM.