2015-05-15T12:28:08-05:00 2014-12-31 410746749 CLIFTONLARSONALLEN LLP 610 W GERMANTOWN PIKE STE 400 PLYMOUTH MEETING PA 19462 990 2014-01-01 231668087 CASA FARNESE INC CASA 2157353858 1300 LOMBARD STREET PHILADELPHIA PA 19147 JOSEPH H JACOVINI CHAIRMAN 2157353858 2015-05-14 1 STEVE ROSA CPA P00079667 2156433900 2014 2016-02-25 16:41:14Z JOSEPH H JACOVINI 1300 LOMBARD STREET PHILADELPHIA PA 19147 2771480 0 X N/A X 1962 PA PROVIDE LOW AND MODERATE INCOME HOUSING TO 288 SENIOR CITIZENS, THROUGH APARTMENT RENTALS. 19 19 16 19 0 0 6800 17500 2271861 2602542 -2950 -18201 141876 151041 2417587 2752882 0 0 0 0 642483 687142 0 0 0 1745006 2106736 2387489 2793878 30098 -40996 16638888 18724871 12556337 14683316 4082551 4041555 APARTMENT RENTAL - TO PROVIDE LOW AND MODERATE INCOME HOUSING TO SENIOR CITIZENS IN ACCORDANCE WITH HUD GUIDELINES 0 0 2159920 2585042 TO PROVIDE LOW TO MODERATE INCOME HOUSING FOR SENIOR CITIZENS IN ACCORDANCE WITH HUD GUIDELINES. 44983 17500 COORDINATOR OF SERVICES - PROVIDES VARIOUS SOCIAL SERVICES TO RESIDENTS. 2204903 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 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 0 0 0 0 0 1 12 0 16 1 0 0 0 0 0 0 0 0 0 0 X 19 19 1 1 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 PA X PRD MANAGEMENT 8564861990 4350 HADDONFIELD ROAD SUITE 117 PENNSAUKEN NJ 08109 X JOSEPH H JACOVINI ESQUIRE CHAIRMAN 3.00 X X 0 0 0 TONY EWING BOARD MEMBER 0.30 X 0 0 0 LAWRENCE FARNESE JR BOARD MEMBER 0.30 X 0 0 0 LARRY FARNESE SR BOARD MEMBER 0.30 X 0 0 0 MARCO FARNESE BOARD MEMBER 0.30 X 0 0 0 DR ALFRED IEZZI BOARD MEMBER 0.30 X 0 0 0 DAVID JACOVINI BOARD MEMBER 0.30 X 0 0 0 ANTHONY LAROSA BOARD MEMBER 2.00 X 0 0 0 DOMINIC LIBERI BOARD MEMBER 1.00 X 0 0 0 DAVID KIMMEL BOARD MEMBER 1.00 X 0 0 0 EDWARD MCBRIDE SECRETARY/TREASURER 0.30 X X 0 0 0 DIANE MENIO BOARD MEMBER 0.30 X 0 0 0 MARK NICOLETTI BOARD MEMBER 0.30 X 0 0 0 RAYMOND PESCATORE BOARD MEMBER 0.30 X 0 0 0 CAROL TAMBURINO BOARD MEMBER 0.30 X 0 0 0 ANN VERNA BOARD MEMBER 0.30 X 0 0 0 ALFORD WILLIAMS BOARD MEMBER 0.30 X 0 0 0 ANNETTE RIZZO BOARD MEMBER 0.30 X 0 0 0 DOMINIC SABATINI BOARD MEMBER 0.30 X 0 0 0 0 0 0 0 0 0 0 GILBANE COMPANY 100 PENN SQUARE EAST SUITE 1040 PHILADELPHIA PA 19107 CONSTRUCTION 4438136 PRD MANAGEMENT INC 4350 HADDONFIELD ROAD SUITE 117 PENNSAUKEN NJ 08109 PROPERTY MANAGEMENT 209672 CONNER STRONG & BUCKELEW TWO LIBERTY PLACE 50 S 16TH STREE PHILADELPHIA PA 19102 INSURANCE AGENT 122318 PLANNED LIFESTYLE SERVICES 150 SMITH ROAD PARSIPPANY NJ 07054 GUARD SERVICES 103313 4 17500 17500 RENTAL INCOME 531110 2602542 2602542 2602542 397 397 18598 -18598 -18598 -18598 GARAGE AND PARKING REN 812930 130111 130111 LAUNDRY INCOME 812300 18040 18040 OTHER INCOME 900099 2485 2485 405 405 151041 2752882 2602542 0 132840 527581 339232 188349 115184 115184 44377 44377 175888 175888 27024 27024 32075 32075 251714 146180 105534 57653 57653 269460 269460 545806 545806 377935 377935 114756 114756 SUPPLIES 83351 83351 MAINTENANCE EXPENSE 70187 70187 MORTGAGE INSURANCE PREM 53603 53603 GARBAGE AND TRASH REMOV 26400 26400 20884 18432 2452 2793878 2204903 588975 0 158862 199825 711331 806397 8253 9360 104006 110911 18859196 6964401 4888210 11894795 433289 445118 10334937 5258465 16638888 18724871 374232 2630801 2303 12088873 11950008 93232 100204 12556337 14683316 X 4082551 4041555 4082551 4041555 16638888 18724871 -40996 0 X 0 1 X 1 1 1 X 35500 716688 14500 6800 17500 790988 2340709 2322966 2302995 2271861 2602542 11841073 2376209 3039654 2317495 2278661 2620042 12632061 0 0 0 12632061 5349 6522 5625 3213 397 21106 5349 6522 5625 3213 397 21106 15366 18684 17704 141876 151041 344671 2396924 3064860 2340824 2423750 2771480 12997838 0.97190 0.97940 0.00160 0.00390 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE - 2012 AMOUNT: $ 398. 2013 AMOUNT: $ 324. 2014 AMOUNT: $ 405. LAUNDRY REVENUE - RENTAL INCOME - 2010 AMOUNT: $ 15,366. 2011 AMOUNT: $ 18,684. 2012 AMOUNT: $ 17,306. 2013 AMOUNT: $ 18,127. 2014 AMOUNT: $ 18,040. GARAGE AND PARKING SPACES - RENT - 2013 AMOUNT: $ 123,425. 2014 AMOUNT: $ 130,111. OTHER INCOME - 2014 AMOUNT: $ 2,485. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 369038 369038 2269084 2189167 79917 7906136 4693864 3212272 147839 81370 66469 8167099 8167099 11894795 OTHER ESCROW DEPOSITS 5258465 5258465 TENANT SECURITY DEPOSITS 100204 100204 X 2752882 0 2752882 0 2752882 2793878 0 2793878 0 2793878 PART X, LINE 2: THE PROJECT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND IS EXEMPT FROM PENNSYLVANIA AND PHILADELPHIA LOCAL INCOME TAXES. NO PROVISION FOR INCOME TAXES HAS BEEN INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION UTILIZES THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS. THE APPLICATION OF THIS STANDARD HAD NO IMPACT ON THE FINANCIAL STATEMENTS. THE PROJECT IS ALSO EXEMPT FROM PHILADELPHIA REAL ESTATE TAXES. THE PROJECT'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE TAX RETURNS FOR THE TAX YEARS 2011, 2012 AND 2013 ARE OPEN TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES. CATCH RAYMOND A. PESCATORE, BOARD MEMBER IS THE EXECUTIVE DIRECTOR OF CATCH 6000 CASA FARNESE, INC CONTRACTED WITH CATCH FOR SENIOR CITIZEN INTERVENTION SERVICES. 0 FORM 990, PART VI, SECTION A, LINE 2 SIX BOARD MEMBERS ARE RELATED. BENITO FARNESE AND MARCO FARNESE ARE BROTHERS. LAWRENCE FARNESE, JR. IS A NEPHEW TO THE TWO BROTHERS. LAWRENCE FARNESE, SR AND LAWRENCE FARNESE, JR. ARE FATHER AND SON. ALSO JOSEPH JACOVINI, CHAIRMAN OF THE BOARD AND DAVID JACOVINI ARE FATHER AND SON. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION USES PRD MANAGEMENT, INC. TO MANAGE THE FACILITY OPERATIONS. FORM 990, PART VI, SECTION A, LINE 7A BOARD MEMBERS HAVE THE ABILITY TO ELECT OTHER BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 11 THE 990 WILL BE REVIEWED AND APPROVED BY THE FINANCE COMMITTEE PRIOR TO FILING. IN ADDITION, THE FINAL VERSION OF THE TAX RETURN WILL BE DISTRIBUTED TO ALL OF THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ITEMS OVER $7,500 ARE APPROVED BY THE BOARD. CONFLICTS OR THE APPEARANCE OF CONFLICTS ARE DISCUSSED AT BOARD MEETINGS. PERSONS ARE COVERED UNDER THE POLICY AT THE BOARD LEVEL AND THE MANAGEMENT LEVEL. IF A CONFLICT OR APPEARANCE OF CONFLICT ARISES WITH STAFF, IT IS REVIEWED BY PRD. IF A CONFLICT OR APPEARANCE OF CONFLICT ARISES WITH PRD, IT IS REVIEWED BY BOARD. IF A CONFLICT OR APPEARANCE OF CONFLICT ARISES WITH A BOARD MEMBER, THEN THE BOARD REVIEWS IT. RESTRICTIONS ARE IMPOSED ON PERSONS WITH A CONFLICT SUCH AS ABSTAINING FROM VOTING ON THE ITEM IN QUESTION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.