2018-06-15T08:42:24-05:00 2017-12-31 410746749 CLIFTONLARSONALLEN LLP 610 W GERMANTOWN PIKE STE 400 PLYMOUTH MEETING PA 19462 990 2017-01-01 232973751 PASSYUNK AVENUE REVITALIZATION CORPORATION PASS 2155515111 1134 TITAN STREET PHILADELPHIA PA 19147 BRYAN FENSTERMAKER EXECUTIVE DIRECTOR 2155515111 2018-06-13 1 BRUCE BRAUNEWELLCPA P00075336 2156433900 67.137.57.251 2018-06-13 17:19:39 ED P 0923F946C4CB480093980E5AA9C4B839AC66D68C 176E0DDB0ADBEEF1806F23B64525978F979EB107 2017 2018-06-14 16:35:46Z BRYAN FENSTERMAKER 1134 TITAN STREET PHILADELPHIA PA 19147 2390497 0 X WWW.PASSYARC.COM X 1999 PA PARC IS A NONPROFIT CHARITABLE ENTITY WHOSE MISSION IS TO PROVIDE COMMUNITY SERVICES FOR NEIGHBORHOODS ALONG THE EAST PASSYUNK AVENUE CORRIDOR IN SOUTH PHILADELPHIA. 11 11 2 11 0 0 1000 25300 692021 663096 599 -163105 320318 47926 1013938 573217 0 0 0 0 182045 164203 0 0 3632 1293150 1348874 1475195 1513077 -461257 -939860 9770987 9009463 2587807 2750966 7183180 6258497 PARC IS A NONPROFIT CHARITABLE ORGANIZATION WHOSE MISSION IS TOPROVIDE COMMUNITY SERVICES FOR NEIGHBORHOODS ALONG THE EAST PASSYUNKAVENUE CORRIDOR IN SOUTH PHILADELPHIA. 0 0 1385239 674096 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. 1385239 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 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 1 0 0 0 0 1 8 0 2 1 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 0 0 1 0 0 PA X BRYAN FENSTERMAKER 2155515111 1134 TITAN STREET PHILADELPHIA PA 19147 PAUL LEVY CHAIRMAN 5.00 0.00 X X 0 0 0 SARA NASUTI-DOELGER VICE CHAIRMAN 1.00 0.00 X X 0 0 0 JAMES PEARLSTEIN SECRETARY 1.00 0.00 X X 0 0 0 DARREN FAVA MEMBER 0.25 0.00 X 0 0 0 DAN POHLIG MEMBER 0.25 0.00 X 0 0 0 CHRISTOPHE TERLIZZI TREASURER 1.00 0.00 X X 0 0 0 ALAN HOFFMANN MEMBER 0.25 0.00 X 0 0 0 DAVID GOLDFARB MEMBER 0.25 0.00 X 0 0 0 ANDREW ERACE MEMBER 0.25 0.00 X 0 0 0 JARED KLEIN MEMBER 0.25 0.00 X 0 0 0 LAURA SLUTSKY MEMBER 0.25 0.00 X 0 0 0 BRYAN FENSTERMAKER EXECUTIVE DIRECTOR 40.00 0.00 X 90589 0 0 90589 0 0 0 0 0 0 ABM ATLANTIC INC 1650 ARCH STREET PHILADELPHIA PA 19103 CLEANING SERVICE 268725 1 25300 25300 RENTAL INCOME 531120 663096 663096 663096 3145 3145 1651030 1817280 -166250 -166250 -166250 MISCELLANEOUS 900099 36926 36926 RECOVERY INCOME 900099 11000 11000 47926 573217 674096 0 -126179 90589 72471 16306 1812 44961 35969 8093 899 17112 13690 3080 342 11541 9233 2077 231 61076 48861 12215 67510 54008 13502 58404 46723 11681 17444 13958 3138 348 7675 6140 1535 245970 197494 48476 18738 14990 3748 RENTAL EXPENSES 367235 366880 355 COMMUNITY BEAUTIFICATIO 281351 281351 PUBLIC SPACE IMPROVE. 223471 223471 1513077 1385239 124206 3632 728788 546037 503623 1553860 6970 20622 11204 18152 8056105 1384227 8510012 6671878 10390 198914 9770987 9009463 200280 250341 20350 31750 2325964 2403686 41213 65189 2587807 2750966 X 7183180 6258497 7183180 6258497 9770987 9009463 X -939860 15177 X X 0 1 X 1 0 X 1790 7900 8015 1000 25300 44005 560533 520054 685251 692021 674096 3131955 562323 527954 693266 693021 699396 3175960 0 0 0 3175960 17802 2591 1511 599 3145 25648 17802 2591 1511 599 3145 25648 921 22114 36926 59961 580125 530545 695698 715734 739467 3261569 0.97380 0.96080 0.00790 0.03050 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2015 AMOUNT: $ 921. 2016 AMOUNT: $ 22,114. 2017 AMOUNT: $ 36,926. 343756 343756 7425124 1206937 6218187 287225 177290 109935 6671878 SECURITY DEPOSITS 65189 65189 X 739467 0 739467 -166250 -166250 573217 1679327 166250 166250 1513077 0 1513077 PART X, LINE 2: 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 RS POTENTIALLY SUBJECT TO FEDERAL EXAMINATIONS FOR THE THREE YEARS. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF PROPERTY REPORTED AS EXPENSE IN AUDITED FS -138,853. LOSS ON DISPOSAL OF MEMBERSHIP INTEREST AS EXPENSED IN AUDITED FS -27,397. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF PROPERTY REPORTED ON STATEMENT OF REVENUE 138,853. LOSS ON DISPOSAL OF MEMBERSHIP INTEREST REPORTED ON STATEMENT OF REVENUE 27,397. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT FORM 990 IS CIRCULATED PRIOR TO THE BOARD MEETING. ANY QUESTIONS REGARDING THE INFORMATION IS PRESENTED AT THE MEETING. A RESOLUTION ACCEPTING THE FORM 990 IS MADE AND ACCEPTED AT THE MEETING. 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 BOARD FOR REVIEW/APPROVAL AT A BOARD MEETING. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS, POLICIES AND TAX FILINGS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: DIFFERENCE IN BEGINNING NET ASSETS DUE TO ADJUSTMENTS -6,306. DIFFERENCE BETWEEN STRAIGHT-LINE RENT AND ACTUAL RENT INCOME 21,483. 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. PARC HOLDINGS LLC 1134 TITAN STREET PHILADELPHIA PA 19147 813646858 HOLD LIQUOR LICENSE (NOT USED AND SOLD ON 6/1/17) PA -27397 0 PASSYUNK AVENUE REVITALIZATION CORPORATION