2015-08-04T11:26:30-05:00 2014-12-31 BDO USA LLP 1700 MARKET STREET 29TH FLOOR PHILADELPHIA PA 19103 990 2014-01-01 232973751 Passyunk Avenue Revitalization Corporation % SAMUEL SHERMAN PASS 1134 Titan Street Suite Philadelphia PA 19147 Samuel Sherman Executive Director 2155515111 2015-06-29 true MARC R BERGER CPA P01871563 2156365500 2014 2016-04-25 22:37:26Z Samuel Sherman 1134 Titan Street PHILADELPHIA PA 19147 2071353 false X www.PASSYARC.COM X 1991 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. 10 10 2 1 0 1790 502900 560533 520054 -10250 -478634 16800 0 568873 544320 0 0 0 0 178246 180231 0 0 6591 959429 1081568 1137675 1261799 -568802 -717479 8517495 10385836 693885 1633694 7823610 8752142 PARC IS A NONPROFIT CHARITABLE ORGANIZATION WHOSE MISSION IS TO PROVIDE COMMUNITY SERVICES FOR NEIGHBORHOODS ALONG THE EAST PASSYUNK AVENUE CORRIDOR IN SOUTH PHILADELPHIA. false false 1090442 520054 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. 1090442 true true false false false false false false false false true false false false true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 20 0 true 2 true false false false false false false false false false false X 10 10 false false false false false false false true true false false true true true true false false true false false PA X SAMUEL SHERMAN 2155515111 1134 TITAN STREET PHILADELPHIA PA 19147 PAUL LEVY Chairman 5.0 0.0 X 0 0 0 James Pearlstein Board Member 1.0 0.0 X 0 0 0 Chris Terlizzi Board Member 1.0 0.0 X 0 0 0 Sara Doelger Board Member 0.25 0.0 X 0 0 0 Darren Fava Board Member 0.25 0.0 X 0 0 0 Dan Pohlig Board Member 0.25 0.0 X 0 0 0 Pam Zenzola Baord Member 0.25 0.0 X 0 0 0 David Goldfarb board member 0.25 0.0 X 0 0 0 Allen Hoffman Board Member 0.25 0.0 X 0 0 0 SAMUEL SHERMAN JR EXECUTIVE DIRECTOR 40.0 0.0 X 105600 0 7455 105600 0 7455 1 false false false GAB CONSTRUCTION 106 32nd Avenue MONROEVILLE NJ 08343 CONSTRUCTION 1166635 ABM ATLANTIC INC 1650 Arch Street PHILADELPHIA PA 19103 CLEANING SERVICE 339454 2 502900 502900 RENTAL INCOME 531120 520054 520054 520054 2591 2591 0 0 0 0 0 1045808 1527033 -481225 -481225 -481225 0 0 0 0 544320 520054 -478634 X 0 0 0 0 105600 84480 19008 2112 0 44392 35513 7991 888 0 17138 13710 3085 343 13101 10481 2358 262 0 113107 44330 67669 1108 76255 61004 13726 1525 0 0 0 0 0 17650 14120 3177 353 0 0 11853 9482 2371 0 0 0 0 0 205125 164260 40865 20290 16232 4058 COMMUNITY BEAUTIFICATION 368343 368343 GATEWAY PROJECT 43300 43300 CORRIDOR GREENING PROJECT 13800 13800 REAL ESTATE TAXES 2292 1834 458 209553 209553 1261799 1090442 164766 6591 43525 969841 237845 902109 0 0 24868 7580 0 0 0 0 0 0 0 0 29124 26694 9638600 1208056 8126403 8430544 0 0 0 0 0 0 0 0 55730 49068 8517495 10385836 96259 90715 0 0 3083 2508 0 0 0 0 0 0 553723 1506011 0 0 40820 34460 693885 1633694 X 7823610 8300442 0 451700 0 0 7823610 8752142 8517495 10385836 X -717479 1646011 X false true X true false X 0 0 0 1790 7900 9690 318500 15997 85658 560533 520054 1500742 0 0 0 318500 15997 85658 562323 527954 1510432 0 0 0 1510432 10810 8028 58868 17802 2591 98099 0 10810 8028 58868 17802 2591 98099 0 0 329310 24025 144526 580125 530545 1608531 0.93901 0.89696 0.06099 0.10304 X Unusual Grants During the year ended December 31, 2014, the organization received an RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 523531 523531 8767323 1043239 7724084 347746 164817 182929 8430544 0 SECURITY DEPOSITS 34460 34460 1025545 1025545 -481225 -481225 544320 1743024 481225 481225 1261799 1261799 Part X, Question 2 - UNCERTAIN INCOME TAX POSITIONS For the years ended December 31, 2014 and 2013, the Organization has identified uncertain tax positions related to the non-filings of Forms 990 as disclosed in Note 2 to the financial statements, 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. The Organization is potentially subject to Federal examinations [of its predecessor organization, The Citizens Alliance] for the years subsequent to December 31, 2010. Part XI, Line 4b Loss on Disposal of Property reported as expense in Audited Financial Statements: 481,225 Part XII, Line 2c Loss on Disposal of Property reported on Statement of Revenue: 481,225 Form 990, Part VI, Section VI, Line 19 Public Disclosure ALL DOCUMENTS, POLICIES AND TAX FILINGS ARE AVAILABLE UPON REQUEST. Form 990, Part VI, Section B, Line 11b 990 Review Process THE FORM 990 IS presented to the executive committee and board for review and approval prior to filing. Form 990, Part VI, Section B, Line 13c Conflict of Interest Policy BOARD MEMBERS ANNUALLY COMPLETE AND SIGN FORMS DISCLOSING ANY CONFLICTS. Form 990, Part VI, Section B, Line 15 Executive Compensation Compensation decisions for the Executive Director were determined by the Executive Committee. Form 990, Part XI, Line 9 Recovery Income: $1,646,011 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:RENTAL EXPENSES TOTAL EXPENSES:209553 PROGRAM SERVICES:209553