REINVESTMENT FUND INC: Form 990, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- REINVESTMENT FUND INC (EIN 23-2331946)
- Tax period
- 2014-01-01 to 2014-12-31
- Filed
- 2015-10-14
- IRS object ID
- 201542879349300039
- Schema version
- 2014v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule I
- Schedule J
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2015-10-14T11:27:11-05:00 | ReturnTs |
| Tax Period End | 2014-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 420714325 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MCGLADREY LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 751 ARBOR WAY SUITE 200 | AddressLine1Txt |
| City | BLUE BELL | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19422 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2014-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 232331946 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE REINVESTMENT FUND INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | REIN | BusinessNameControlTxt |
| Phone | 2155745800 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1700 MARKET STREET 19TH FLOOR | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19103 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MICHAEL M CRIST | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 2155745800 | PhoneNum |
| Signature | 2015-10-07 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | CHRISTOPHER M PEKULA | PreparerPersonNm |
| PTIN | P00734965 | PTIN |
| Phone | 2156418600 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | DONALD HINKLE-BROWN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1700 MARKET STREET 19TH FLOOR | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19103 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $37,829,497 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.TRFUND.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1985 | FormationYr |
| Legal Domicile State | PA | LegalDomicileStateCd |
| Activity Or Mission | SEE SCHEDULE O | ActivityOrMissionDesc |
| Voting Members Governing Body | 13 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 13 | VotingMembersIndependentCnt |
| Total Employee | 109 | TotalEmployeeCnt |
| Total Volunteers | 50 | TotalVolunteersCnt |
| Total Gross UBI | $367,862 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | -$262,553 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $16,422,032 | PYContributionsGrantsAmt |
| CY Contributions Grants | $15,703,978 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $16,878,132 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $19,292,986 | CYProgramServiceRevenueAmt |
| PY Investment Income | $674,081 | PYInvestmentIncomeAmt |
| CY Investment Income | $163,787 | CYInvestmentIncomeAmt |
| PY Other Revenue | $283,837 | PYOtherRevenueAmt |
| CY Other Revenue | $2,473,449 | CYOtherRevenueAmt |
| PY Total Revenue | $34,258,082 | PYTotalRevenueAmt |
| CY Total Revenue | $37,634,200 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $2,778,341 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $1,614,406 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $8,518,370 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $8,782,933 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $51,000 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $10,975,236 | PYOtherExpensesAmt |
| CY Other Expenses | $12,476,017 | CYOtherExpensesAmt |
| PY Total Expenses | $22,271,947 | PYTotalExpensesAmt |
| CY Total Expenses | $22,873,356 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $11,986,135 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $14,760,844 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $286,047,297 | TotalAssetsBOYAmt |
| Total Assets EOY | $321,932,876 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $157,459,075 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $178,509,817 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $128,588,222 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $143,423,059 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | SEE SCHEDULE O | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $12,333,178 | ExpenseAmt |
| Grant | $1,490,719 | GrantAmt |
| Revenue | $19,230,814 | RevenueAmt |
| Desc | LENDING AND COMMUNITY INVESTING: ENCOMPASSES THE ORGANIZATION'S FINANCING OF HOMES, SCHOOLS, HEALTHY FOOD RETAIL, HEALTHCARE AND OTHER PROJECTS THAT BENEFIT LOW-WEALTH PEOPLE AND PLACES AND IS THE CORE LENDING FUNCTION OF THE ORGANIZATION. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $3,933,219 | ExpenseAmt |
| Revenue | $1,114,374 | RevenueAmt |
| Desc | POLICYMAP: PROVIDES AN ONLINE DATA ANALYSIS AND MAPPING TOOL THAT PROVIDES BROAD ACCESS TO DATA, REPORTS AND ANALYTICS USEFUL FOR SOCIAL INVESTMENT STRATEGIES. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $2,105,270 | ExpenseAmt |
| Revenue | $968,208 | RevenueAmt |
| Desc | POLICY SOLUTIONS: CONDUCTS POLICY, DATA ANALYSIS AND SOCIAL IMPACT ANALYSES THAT ADVANCE TRF'S MISSION AND EFFECT SYSTEM CHANGE, ON BEHALF OF TRF AS WELL AS PUBLIC AND PHILANTHROPIC CLIENTS. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp (2 entries)
| ExpenseExpenseAmt | GrantGrantAmt | RevenueRevenueAmt | DescDesc |
|---|---|---|---|
| $278,264 | $123,687 | $85,177 | SUSTAINABLE DEVELOPMENT FUND ("SDF"): REPRESENTS AN ENERGY-RELATED FUND THAT USES LOANS, INVESTMENTS AND GRANTS TO AUGMENT THE ORGANIZATION'S EXISTING ENERGY CONSERVATION AND COMMUNITY INVESTING EFFORTS. SDF WAS CREATED BY THE PARTIES TO THE PECO ENERGY COMPANY ("PECO ENERGY") RESTRUCTURING AND APPROVED BY THE PENNSYLVANIA PUBLIC UTILITY COMMISSION ("PUC") IN MAY 1998. |
| RENTAL ACTIVITIES |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $278,264 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Grant | $123,687 | TotalOtherProgSrvcGrantAmt |
| Total Other Prog Srvc Revenue | $85,177 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $18,649,931 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 621 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 109 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 13 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 13 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | 0 | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | Yes (1) | InvestmentInJointVentureInd |
| Written Policy Or Procedure | Yes (1) | WrittenPolicyOrProcedureInd |
| States Where Copy Of Return Is Fld | PA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | DC | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | DE | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MD | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NJ | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MICHAEL M CRIST | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2155745800 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1700 MARKET STREET19TH FLOOR | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19103 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (26 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| ANDREA ALLON | |||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| SCOTT M JENKINS | |||||||||
| BOARD MEMBER / TREASURER | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |||
| ARNIE GRAF | |||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| ROBERT E KEITH JR | |||||||||
| BOARD MEMBER / SECRETARY | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |||
| JOHN S SUMMERS | |||||||||
| CHAIRMAN OF BOARD | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |||
| JEROME SMALLEY | |||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| TRINITA LOGUE | |||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| WAYNE TROTMAN | |||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| MARK ZANDI | |||||||||
| VICE CHAIRMAN | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |||
| SIMRAN SIDHU | |||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| ELIZABETH SUR | |||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| PATRICIA WELLENBACH | |||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| ANTHONY CREAMER | |||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| DONALD HINKLE-BROWN | |||||||||
| CORP. PRESIDENT & CEO | 36.00 | $425,630 | $0 | $30,424 | Yes (X) | 4.00 | |||
| MICHAEL M CRIST | |||||||||
| EVP & CFO | 36.00 | $315,903 | $0 | $11,138 | Yes (X) | 4.00 | |||
| NANCY HORTON | |||||||||
| CORP. ASSISTANT SECRETARY | 40.00 | $61,024 | $0 | $12,135 | Yes (X) | ||||
| NANCY WAGNER-HISLIP | |||||||||
| EVP, CAPT'L STRUCTURE & LENDING | 40.00 | $201,502 | $0 | $24,703 | Yes (X) | ||||
| M AMANDA HIGH | |||||||||
| CHIEF OF STRATEGIC INITIATIVES | 40.00 | $91,874 | $0 | $2,297 | Yes (X) | ||||
| FELICIA BENDER | |||||||||
| ASSISTANT TO CEO | 40.00 | $22,011 | $0 | $1,917 | Yes (X) | ||||
| IRA GOLDSTEIN | |||||||||
| PRESIDENT OF POLICY SOLUTIONS | 40.00 | $257,750 | $0 | $25,353 | Yes (X) | ||||
| MAGGIE MCCULLOUGH | |||||||||
| PRESIDENT OF POLICYMAP | 40.00 | $205,824 | $0 | $24,687 | Yes (X) | ||||
| SUZANNE ALOI | |||||||||
| CORPORATE CONTROLLER | 40.00 | $180,436 | $0 | $7,209 | Yes (X) | ||||
| SARA V STERMAN | |||||||||
| VP OF STRATEGIC INVESTMENTS | 40.00 | $160,009 | $0 | $6,994 | Yes (X) | ||||
| PATRICIA SMITH | |||||||||
| SENIOR POLICY ADVISOR | 40.00 | $164,329 | $0 | $12,724 | Yes (X) | ||||
| BARRY POROZNI | |||||||||
| CIO | 40.00 | $165,392 | $0 | $12,179 | Yes (X) | ||||
| GERTRUDE THOMAS | |||||||||
| VP OF SALES | 40.00 | $163,019 | $0 | $23,819 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,414,703 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $195,579 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 10 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (3 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| MORGAN LEWIS & BOCKIUS LLP | |||||
| 1701 MARKET ST | PHILADELPHIA | PA | 19103 | LEGAL | $268,780 |
| MCGLADREY LLP | |||||
| 751 ARBOR WAY STE 200 | BLUE BELL | PA | 19422 | ACCOUNTING SERVICES | $237,000 |
| COHN REZNICK LLP | |||||
| 500 E PRATT STREET SUITE 200 | BALTIMORE | MD | 21202 | ACCOUNTING SERVICES | $182,835 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 3 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $5,100,000 | GovernmentGrantsAmt |
| All Other Contributions | $10,603,978 | AllOtherContributionsAmt |
| Total Contributions | $15,703,978 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| INTEREST | 525990 | $11,650,008 | $11,650,008 |
| NMTC PLACEMENT FEES | 900099 | $2,320,000 | $2,320,000 |
| ASSET MANAGEMENT FEES | 561000 | $1,758,936 | $1,758,936 |
| FORGIVENESS OF DEBT | 900099 | $1,095,000 | $1,095,000 |
| LOAN & LEASE FEES | 525990 | $965,654 | $965,654 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,503,388 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,135,526 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $367,862 | UnrelatedBusinessRevenueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $19,292,986 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $359,084 | TotalRevenueColumnAmt |
| Exclusion | $359,084 | ExclusionAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $195,297 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$195,297 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$195,297 | TotalRevenueColumnAmt |
| Exclusion | -$195,297 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | GAINS FROM PARTNERSHIP | Desc |
| Business | 525990 | BusinessCd |
| Total Revenue Column | $2,473,449 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,473,449 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $2,473,449 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $37,634,200 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $21,398,573 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $367,862 | UnrelatedBusinessRevenueAmt |
| Exclusion | $163,787 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,614,406 | TotalAmt |
| Program Services | $1,614,406 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,644,138 | TotalAmt |
| Program Services | $1,688,018 | ProgramServicesAmt |
| Management And General | $956,120 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,534,846 | TotalAmt |
| Program Services | $2,862,263 | ProgramServicesAmt |
| Management And General | $1,631,683 | ManagementAndGeneralAmt |
| Fundraising | $40,900 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $228,091 | TotalAmt |
| Program Services | $155,418 | ProgramServicesAmt |
| Management And General | $71,221 | ManagementAndGeneralAmt |
| Fundraising | $1,452 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $840,849 | TotalAmt |
| Program Services | $571,325 | ProgramServicesAmt |
| Management And General | $264,186 | ManagementAndGeneralAmt |
| Fundraising | $5,338 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $535,009 | TotalAmt |
| Program Services | $354,205 | ProgramServicesAmt |
| Management And General | $177,494 | ManagementAndGeneralAmt |
| Fundraising | $3,310 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $239,827 | TotalAmt |
| Program Services | $75,472 | ProgramServicesAmt |
| Management And General | $164,355 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $231,122 | TotalAmt |
| Program Services | $231,122 | ProgramServicesAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,813,109 | TotalAmt |
| Program Services | $1,555,989 | ProgramServicesAmt |
| Management And General | $257,120 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $360,194 | TotalAmt |
| Program Services | $333,536 | ProgramServicesAmt |
| Management And General | $26,658 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $511,282 | TotalAmt |
| Program Services | $351,649 | ProgramServicesAmt |
| Management And General | $159,633 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $186,231 | TotalAmt |
| Program Services | $186,231 | ProgramServicesAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $617,406 | TotalAmt |
| Program Services | $425,267 | ProgramServicesAmt |
| Management And General | $192,139 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $156,532 | TotalAmt |
| Program Services | $104,644 | ProgramServicesAmt |
| Management And General | $51,888 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $270,307 | TotalAmt |
| Program Services | $127,874 | ProgramServicesAmt |
| Management And General | $142,433 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,374,901 | TotalAmt |
| Program Services | $4,374,901 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,121,763 | TotalAmt |
| Program Services | $1,121,763 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $125,847 | TotalAmt |
| Program Services | $85,495 | ProgramServicesAmt |
| Management And General | $40,352 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| PROVISION FOR LOAN LOSS | $2,156,219 | $2,156,219 | |
| BANK FEES | $150,531 | $150,531 | |
| STAFF DEVELOPMENT/RECRU | $66,128 | $28,985 | $37,143 |
| UNDERWRITING/DUE DILIGE | $15,665 | $15,665 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $78,953 | TotalAmt |
| Program Services | $78,953 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,873,356 | TotalAmt |
| Program Services | $18,649,931 | ProgramServicesAmt |
| Management And General | $4,172,425 | ManagementAndGeneralAmt |
| Fundraising | $51,000 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $47,030,627 | BOYAmt |
| EOY | $41,805,045 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,896,070 | BOYAmt |
| EOY | $9,269,805 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,694,970 | BOYAmt |
| EOY | $2,742,453 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $181,224,420 | BOYAmt |
| EOY | $219,696,198 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $245,764 | BOYAmt |
| EOY | $306,600 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $8,835,978 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $6,163,631 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,842,802 | BOYAmt |
| EOY | $2,672,347 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $35,444,445 | BOYAmt |
| EOY | $43,514,749 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,668,199 | BOYAmt |
| EOY | $1,925,679 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $286,047,297 | BOYAmt |
| EOY | $321,932,876 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,921,523 | BOYAmt |
| EOY | $2,985,837 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $244,891 | BOYAmt |
| EOY | $80,069 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,662,227 | BOYAmt |
| EOY | $5,777,858 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,516,842 | BOYAmt |
| EOY | $2,356,880 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $35,074,263 | BOYAmt |
| EOY | $23,546,300 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $104,197,437 | BOYAmt |
| EOY | $140,052,562 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,841,892 | BOYAmt |
| EOY | $3,710,311 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $157,459,075 | BOYAmt |
| EOY | $178,509,817 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $40,232,060 | BOYAmt |
| EOY | $49,868,369 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $39,587,151 | BOYAmt |
| EOY | $44,862,632 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $48,769,011 | BOYAmt |
| EOY | $48,692,058 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $128,588,222 | BOYAmt |
| EOY | $143,423,059 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $286,047,297 | BOYAmt |
| EOY | $321,932,876 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $14,760,844 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$227,762 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $301,755 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $15,761,352 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $17,490,871 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $12,135,158 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $16,422,032 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $15,703,978 | CurrentTaxYearAmt |
| Total | $77,513,391 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $15,761,352 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $17,490,871 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $12,135,158 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $16,422,032 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $15,703,978 | CurrentTaxYearAmt |
| Total | $77,513,391 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $10,096,424 | SubstantialContributorsTotAmt |
| Public Support Total170 | $67,416,967 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $525,982 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,218,806 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,372,832 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $517,481 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $359,084 | CurrentTaxYearAmt |
| Total | $3,994,185 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | -$104,180 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | -$464 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $84,575 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | -$136,737 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | -$262,553 | CurrentTaxYearAmt |
| Total | -$419,359 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $81,088,217 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $55,943,073 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.83140 | PublicSupportCY170Pct |
| Public Support PY170 | 0.85090 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
Total Direct Lobbying TotalDirectLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $167,495 | FilingOrganizationsTotalAmt |
Total Lobbying Expend TotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $167,495 | FilingOrganizationsTotalAmt |
Other Exempt Purpose Expend OtherExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $18,482,436 | FilingOrganizationsTotalAmt |
Total Exempt Purpose Expend TotalExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $18,649,931 | FilingOrganizationsTotalAmt |
Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $1,000,000 | FilingOrganizationsTotalAmt |
Grassroots Nontaxable GrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $250,000 | FilingOrganizationsTotalAmt |
Tot Lbbyng Grassroot Mns Non Tx TotLbbyngGrassrootMnsNonTxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Tot Lbby Expend Mns Lbbyng Non Tx TotLbbyExpendMnsLbbyngNonTxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $934,517 | CurrentYearMinus3Amt |
| Current Year Minus2 | $1,000,000 | CurrentYearMinus2Amt |
| Current Year Minus1 | $1,000,000 | CurrentYearMinus1Amt |
| Current Year | $1,000,000 | CurrentYearAmt |
| Total | $3,934,517 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lobbying Ceiling | $5,901,776 | LobbyingCeilingAmt |
Avg Total Lobbying Expend AvgTotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $49,819 | CurrentYearMinus3Amt |
| Current Year Minus2 | $77,498 | CurrentYearMinus2Amt |
| Current Year Minus1 | $100,104 | CurrentYearMinus1Amt |
| Current Year | $167,495 | CurrentYearAmt |
| Total | $394,916 | TotalAmt |
Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $233,629 | CurrentYearMinus3Amt |
| Current Year Minus2 | $250,000 | CurrentYearMinus2Amt |
| Current Year Minus1 | $250,000 | CurrentYearMinus1Amt |
| Current Year | $250,000 | CurrentYearAmt |
| Total | $983,629 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grassroots Ceiling | $1,475,444 | GrassrootsCeilingAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Beginning Balance | $3,516,842 | BeginningBalanceAmt |
| Additions During Year | $1,493,346 | AdditionsDuringYearAmt |
| Distributions During Year | $2,653,308 | DistributionsDuringYearAmt |
| Ending Balance | $2,356,880 | EndingBalanceAmt |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,045,593 | OtherCostOrOtherBasisAmt |
| Depreciation | $249,781 | DepreciationAmt |
| Book Value | $795,812 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $490,800 | OtherCostOrOtherBasisAmt |
| Depreciation | $264,536 | DepreciationAmt |
| Book Value | $226,264 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $7,299,585 | OtherCostOrOtherBasisAmt |
| Depreciation | $5,649,314 | DepreciationAmt |
| Book Value | $1,650,271 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $2,672,347 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| RESERVE FUNDS PAYABLE | $2,859,476 |
| ACCRUED LEASE INCENTIVE | $850,835 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $3,710,311 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART IV, LINE 2B: | ESCROW ACCOUNTS FOR LENDING ACTIVITY |
| PART X, LINE 2: | THE ORGANIZATION IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, THE ORGANIZATION QUALIFIES FOR CHARITABLE CONTRIBUTION DEDUCTIONS AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. INCOME WHICH IS NOT RELATED TO EXEMPT PURPOSES, LESS APPLICABLE DEDUCTIONS, IS SUBJECT TO FEDERAL AND STATE CORPORATE INCOME TAXES. THE ORGANIZATION HAD NO NET UNRELATED BUSINESS INCOME TAX FOR THE YEARS ENDED DECEMBER 31, 2014 AND 2013. MANAGEMENT EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THE ORGANIZATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. CONSEQUENTLY, NO ACCRUAL FOR INTEREST AND PENALTIES WAS DEEMED NECESSARY FOR THE YEARS ENDED DECEMBER 31, 2014 AND 2013. THE ORGANIZATION FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. GENERALLY, THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2011. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (34 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Valuation Method UsedValuationMethodUsedDesc | Purpose Of GrantPurposeOfGrantTxt | Address Line2USAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|---|
| GREENSGROW PHILADELPHIA PROJECT INC | |||||||||
| 2503 E FIRTH STREET | PHILADELPHIA | PA | 19125 | 232989249 | 501(C)(3) | $5,566 | FMV - CASH | DCED PA OPPORTUNITY | |
| WELCOMING CENTER FOR NEW PENNSYLVANIANS | |||||||||
| 1617 JOHN F KENNEDY BLVD SUITE 555 | PHILADELPHIA | PA | 19103 | 233001411 | 501(C)(3) | $22,111 | FMV - CASH | DCED PA OPPORTUNITY | |
| SEDA- COG HOUSING DEVELOPMENT CORPORATION | |||||||||
| 201 FURNANCE ROAD | LEWISBURG | PA | 17873 | 232732149 | 501(C)(3) | $25,000 | FMV - CASH | DCED PA OPPORTUNITY | |
| AUTISM'S HOUSING DEVELOPMENT CORPORATON OF PITTSBURGH | |||||||||
| 11676 PERRY HIGHWAY | WEXFORD | PA | 15090 | 452692263 | 501(C)(3) | $30,621 | FMV - CASH | DCED PA OPPOURNITY | |
| CAPITAL AREA SCHOOL FOR THE ARTS CHARTER SCHOOL | |||||||||
| 150 STRAWBERRY SQUARE | HARRISBURG | PA | 17101 | 300767388 | 501(C)(3) | $19,258 | FMV - CASH | DCED PA OPPOURNITY | |
| CHESTER HOUSING AUTHORITY | |||||||||
| 1111 AVENUE OF THE STATES 3RD FLOOR | CHESTER | PA | 19013 | 236000831 | 501(C)(3) | $13,600 | FMV - CASH | DCED PA OPPOURNITY | FLOOR |
| MISSION FIRST HOUSING DEVELOPMENT CORPORATION | |||||||||
| 1330 NEW HAMPSHIRE AVE NW 116 | WASHINGTON | DC | 20036 | 271824650 | 501(C)(3) | $13,070 | FMV - CASH | DCED PA OPPOURNITY | |
| PATHSTONE ALLIANCE FOR BETTER HOUSING | |||||||||
| 648 BUENA VISTA DRIVE | KENNETT SQUARE | PA | 19248 | 232754537 | 501(C)(3) | $6,331 | FMV - CASH | DCED PA OPPOURNITY | |
| SUSQUEHANNA SUSTAINABLE BUSINESS NETWORK | |||||||||
| 1449 GLENMORRE CIRCLE | LANCASTER | PA | 17601 | 753235799 | 501(C)(3) | $10,438 | FMV - CASH | DCED PA OPPOURNITY | |
| WOMEN'S COMMUNITY REVITALIZATION PROJECT | |||||||||
| 407-11 FAIRMOUNT AVENUE | PHILADELPHIA | PA | 19123 | 222840188 | 501(C)(3) | $14,617 | FMV - CASH | DCED PA OPPORTUNITY | |
| SAINT FRANCIS UNIVERSITY | |||||||||
| SMALL BUSINESS DEVELOPMENT CENTER | LORETTO | PA | 15940 | 251024358 | 501(C)(3) | $115,702 | FMV - CASH | PECO SDF | PO BOX 600 |
| ACHIEVABILITY | |||||||||
| 21 S 61ST STREET | PHILADELPHIA | PA | 19139 | 232215980 | 501(C)(3) | $50,000 | FMV - CASH | DCED PA OPPORTUNITY | |
| COLUMBIA COUNTY HOUSING CORPORATION | |||||||||
| 700 SAWMILL ROAD SUITE 101 | BLOOMSBURG | PA | 17815 | 233022558 | 501(C)(3) | $18,855 | FMV - CASH | DCED PA OPPORTUNITY | |
| GOODWILL INDUSTRIES OF NEPA | |||||||||
| 925 PROSPECT AVENUE | SCRANTON | PA | 18505 | 240800938 | 501(C)(3) | $37,500 | FMV - CASH | DCED PA OPPORTUNITY | |
| GREATER EASTON DEVELOPMENT PARTNERSHIP | |||||||||
| 35 S THIRD STREET | EASTON | PA | 18042 | 232660344 | 501(C)(3) | $40,000 | FMV - CASH | DCED PA OPPORTUNITY | |
| HOUSING DEVELOPMENT CORPORATION MIDATLANTIC | |||||||||
| 439 E KING STREET | LANCASTER | PA | 17602 | 231861343 | 501(C)(3) | $75,000 | FMV - CASH | DCED PA OPPORTUNITY | |
| LAWRENCEVILLE CORPORATION | |||||||||
| 100 43RD STREET SUITE 106 | PITTSBURGH | PA | 15201 | 251471440 | 501(C)(3) | $7,455 | FMV - CASH | DCED PA OPPORTUNITY | |
| METHODIST FAMILY SERVICES OF PHILADELPHIA | |||||||||
| 4300 MONUMENT ROAD | PHILADELPHIA | PA | 19131 | 562311719 | 501(C)(3) | $20,100 | FMV - CASH | DCED PA OPPORTUNITY | |
| OUR COMMUNITY COOPERATIVE OF CHELTENHAM TOWNSHIP INC | |||||||||
| 1681 EAST WILLOW GROVE AVENUE | GLENSIDE | PA | 19038 | 262364449 | $15,000 | FMV - CASH | DCED PA OPPORTUNITY | ||
| THE SHARE FOOD PROGRAM INC | |||||||||
| 2901 W HUNTING PARK AVENUE | PHILADELPHIA | PA | 19154 | 232360819 | 501(C)(3) | $28,598 | FMV - CASH | DCED PA OPPORTUNITY | |
| CAMDEN RENAISSANCE ASSOCIATES LLC | |||||||||
| 630 SENTRY PARKWAY SUITE 300 | BLUE BELL | PA | 19422 | 461762640 | $125,000 | FMV - CASH | RWJ NJ FFFI | ||
| CDIP PAULSBORO SUMMIT LP | |||||||||
| 200 FEDERAL STREET SUITE 300 | CAMDEN | NJ | 08103 | 270844358 | $100,000 | FMV - CASH | RWJ NJ FFFI | ||
| MT EPHRAIM AVENUE SUPERMARKET | |||||||||
| 600 N KINGS HIGHWAY | CHERRY HILL | NJ | 08034 | 465100829 | $125,000 | FMV - CASH | RWJ NJ FFFI | ||
| NEWARK SHOPRITE LLC | |||||||||
| 1409 BROAD STREET | BLOOMFIELD | NJ | 07003 | 463971729 | $125,000 | FMV - CASH | RWJ NJ FFFI | ||
| FINANCE FUND CAPITAL CORPORATION | |||||||||
| 17 SOUTH HIGH STREET SUITE 900 | COLUMBUS | PA | 43215 | 743033288 | 501(C)(3) | $65,833 | FMV - CASH | JP MORGAN CHASE REFRESH | |
| FLORIDA COMMUNITY LOAN FUND INC | |||||||||
| 501 N MAGNOLIA AVENUE SUITE 100 | ORLANDO | FL | 32801 | 650545058 | 501(C)(3) | $40,000 | FMV - CASH | JP MORGAN CHASE REFRESH | |
| NORTHERN CALIFORNIA COMMUNITY LOAN FUND | |||||||||
| 870 MARKET STREET SUITE 677 | SAN FRANCISCO | CA | 94102 | 943032394 | 501(C)(3) | $40,000 | FMV - CASH | JP MORGAN CHASE REFRESH | |
| COLORADO ENTERPRISE FUND | |||||||||
| 1888 SHERMAN STREET SUITE 530 | DENVER | CO | 80203 | 840837398 | 501(C)(3) | $40,000 | FMV - CASH | JP MORGAN CHASE REFRESH | |
| YOUNG SCHOLARS KENDERTON CHARTER SCHOOL | |||||||||
| 1500 W ONTARIO STREET | PHILADELPHIA | PA | 19140 | 463188964 | 501(C)(3) | $95,000 | FMV - CASH | DCED PA OPPORTUNITY | |
| SPECIAL PEOPLE IN NORTHEAST INC | |||||||||
| 10521 DRUMMOND ROAD | PHILADELPHIA | PA | 19154 | 231742920 | 501(C)(3) | $132,727 | FMV - CASH | WP HIGH QUALITY CHILD CARE | |
| DELAWARE VALLEY COLLEGE | |||||||||
| 700 EAST BUTLER AVENUE | DOYLESTOWN | PA | 18901 | 231352665 | 501(C)(3) | $46,000 | FMV - CASH | DCED PA OPPORTUNITY | |
| NUEVA ESPERANZA | |||||||||
| 4261 N 5TH STREET | PHILADELPHIA | PA | 19140 | 232552707 | 501(C)(3) | $50,000 | FMV - CASH | DCED PA OPPORTUNITY | |
| CITIZENS FOR PENNSYLVANIA'S FUTURE | |||||||||
| 610 N THIRD STREET | HARRISBURG | PA | 17101 | 311607866 | 501(C)(3) | $7,984 | FMV - CASH | PECO SDF | |
| LAKESHORE LEARNING MATERIALS | |||||||||
| 2695 E DOMINGUEZ STREET | CARSON | CA | 90895 | 941525814 | $15,039 | FMV - CASH | WP HIGH QUALITY CHILD CARE | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 28 | Total501c3OrgCnt |
| Total Other Org | 34 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | APPLICATIONS FOR GRANTS ARE RECEIVED AND PROCESSED BY THE APPLICABLE PROGRAM MANAGER. ONCE APPROVED, GRANT DISBURSEMENTS ARE PROCESSED BY THE FINANCE DEPARTMENT. ONGOING COMPLIANCE WITH THE GRANT TERMS ARE MONITORED AND MAINTAINED BY THE APPLICABLE PROGRAM MANAGER AND THE FINANCE DEPARTMENT. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Written Policy Ref T And E Expnss | 0 | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (10 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DONALD HINKLE-BROWN | ||||||||||||||
| CORP. PRESIDENT & CEO | $337,190 | $0 | $78,000 | $0 | $10,440 | $0 | $10,400 | $0 | $20,024 | $0 | $456,054 | $0 | $0 | $0 |
| MICHAEL M CRIST | ||||||||||||||
| EVP & CFO | $239,170 | $0 | $55,200 | $0 | $21,533 | $0 | $10,400 | $0 | $738 | $0 | $327,041 | $0 | $0 | $0 |
| NANCY WAGNER-HISLIP | ||||||||||||||
| EVP, CAPT'L STRUCTURE & LENDING | $164,560 | $0 | $36,000 | $0 | $942 | $0 | $7,066 | $0 | $17,637 | $0 | $226,205 | $0 | $0 | $0 |
| IRA GOLDSTEIN | ||||||||||||||
| PRESIDENT OF POLICY SOLUTIONS | $173,920 | $0 | $83,300 | $0 | $530 | $0 | $8,033 | $0 | $17,320 | $0 | $283,103 | $0 | $0 | $0 |
| MAGGIE MCCULLOUGH | ||||||||||||||
| PRESIDENT OF POLICYMAP | $162,840 | $0 | $42,000 | $0 | $984 | $0 | $7,021 | $0 | $17,666 | $0 | $230,511 | $0 | $0 | $0 |
| SUZANNE ALOI | ||||||||||||||
| CORPORATE CONTROLLER | $147,562 | $0 | $17,808 | $0 | $15,066 | $0 | $6,717 | $0 | $492 | $0 | $187,645 | $0 | $0 | $0 |
| SARA V STERMAN | ||||||||||||||
| VP OF STRATEGIC INVESTMENTS | $96,230 | $0 | $36,000 | $0 | $27,779 | $0 | $6,028 | $0 | $966 | $0 | $167,003 | $0 | $0 | $0 |
| PATRICIA SMITH | ||||||||||||||
| SENIOR POLICY ADVISOR | $139,244 | $0 | $16,709 | $0 | $8,376 | $0 | $6,573 | $0 | $6,151 | $0 | $177,053 | $0 | $0 | $0 |
| BARRY POROZNI | ||||||||||||||
| CIO | $140,284 | $0 | $16,536 | $0 | $8,572 | $0 | $6,020 | $0 | $6,159 | $0 | $177,571 | $0 | $0 | $0 |
| GERTRUDE THOMAS | ||||||||||||||
| VP OF SALES | $162,500 | $0 | $0 | $0 | $519 | $0 | $6,512 | $0 | $17,307 | $0 | $186,838 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 1A | FormAndLineReferenceDesc |
| Explanation | ALTHOUGH THE ORGANIZATION DOES NOT HAVE A WRITTEN POLICY, IT IS OUR PRACTICE FOR COMPANION TRAVEL COST PURCHASED ON CORPORATE CREDIT CARD, AS A CONVENIENCE, BE REIMBURSED BY THE STAFF PERSON THROUGH THE NEXT SCHEDULED SEMI-MONTHLY PAYROLL. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: | TRF BUILDS WEALTH AND OPPORTUNITY FOR LOW-WEALTH PEOPLE AND PLACES THROUGH THE PROMOTION OF SOCIALLY AND ENVIRONMENTALLY RESPONSIBLE DEVELOPMENT. |
| FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: | TRF BUILDS WEALTH AND OPPORTUNITY FOR LOW-WEALTH PEOPLE AND PLACES THROUGH THE PROMOTION OF SOCIALLY AND ENVIRONMENTALLY RESPONSIBLE DEVELOPMENT. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE ORGANIZATION HAS ENGAGED OUR INDEPENDENT ACCOUNTANTS MCGLADREY LLP. TO PREPARE FORM 990 IN ACCORDANCE WITH OUR AUDITED FINANCIAL STATEMENTS. THE FORM 990 IS THEN REVIEWED BY MANAGEMENT, TRF'S AUDIT AND RISK COMMITTEE (WHICH IS A SUB-COMMITTEE OF THE FULL BOARD WITH FISCAL AND FIDUCIARY OVERSIGHT) AND IS MADE AVAILABLE TO THE FULL GOVERNING BODY. |
| FORM 990, PART VI, SECTION B, LINE 12C | COMPREHENSIVE CONFLICT OF INTEREST QUESTIONNAIRE IS DISTRIBUTED ANNUALLY TO ALL BOARD AND COMMITTEE MEMBERS. UPON RECEIPT OF THE QUESTIONNAIRE, ALL BOARD, COMMITTEE MEMBERS AND STAFF HAVE 60 DAYS TO RETURN THE COMPLETED QUESTIONNAIRE TO THE ORGANIZATION'S HUMAN RESOURCE DEPARTMENT. THE COMPLETED QUESTIONNAIRES ARE REVIEWED AND MONITORED BY THE HUMAN RESOURCE DEPARTMENT AND ANY POTENTIAL CONFLICTS ARE COMMUNICATED TO THE ORGANIZATION'S MANAGEMENT AND BOARD. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS DETERMINES THE COMPENSATION OF THE ORGANIZATION'S CEO THROUGH A VARIETY OF SOURCES, INCLUDING COMPETITOR DATA AND SURVEYS. ADDITIONALLY, THE ORGANIZATION HAS ENGAGED THE SERVICES OF AN INDEPENDENT CONSULTANT TO PROVIDE AN OPINION ON THE REASONABLENESS OF THE COMPENSATION PLAN FOR THE CEO, THREE TOP MANAGEMENT OFFICIALS AND TWO BUSINESS UNIT PRESIDENTS USING COMPARATIVE DATA AND SURVEY DATA. THE OPINION LETTER FOR THE CEO, THREE TOP MANAGEMENT OFFICIALS AND TWO BUSINESS UNIT PRESIDENT'S COMPENSATION IS SENT DIRECTLY TO THE CHAIRMAN OF THE BOARD. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST STATEMENT, FORM(S) 1023, 990 & 990T AND FINANCIAL STATEMENT AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST THROUGH ITS OFFICES AT 1700 MARKET STREET, 19TH FLOOR, PHILADELPHIA, PA 19103. GOVERNING DOCUMENT REQUESTS ARE EVALUATED AND PROVIDED ON A CASE BY CASE BASIS. THE ORGANIZATION'S FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON THE ORGANIZATION'S WEBSITE. |
| FORM 990, PART XI, LINE 9: | PRIOR PERIOD ADJUSTMENT/DIFFERENCE -13,970. RELATED PARTY NET ASSET REDESIGNATION 315,725. |
| FORM 990, PART XII, LINE 2C: | THIS PROCESS HAS NOT CHANGED FROM THE PRIOR PERIOD. |
| FORM 990, PART IV, LINE 26: | THE ORGANIZATION OFFERS PROMISSORY NOTES TO THE GENERAL PUBLIC THROUGH A PROSPECTUS OFFERING REGISTERED WITH THE PENNSYLVANIA DEPARTMENT OF BANKING AND SECURITIES. THE TERMS AND CONDITIONS OF THE PROMISSORY NOTES ARE SET BY THE PROSPECTUS AND ARE THE SAME FOR EVERYONE. THE PROSPECTUS IS AVAILABLE TO THE GENERAL PUBLIC, INCLUDING BOARD MEMBERS, OFFICERS AND EMPLOYEES OF THE ORGANIZATION. AT YEAR END, VOTING BOARD MEMBERS AND OFFICERS OF THE ORGANIZATION HAD LOANS OUTSTANDING UNDER THE PROSPECTUS. BASED ON GUIDANCE, PROVIDED FROM THE IRS, REGARDING DEBT OFFERED ON THE SAME TERMS AS OFFERED TO THE GENERAL PUBLIC, WE HAVE ANSWERED THIS QUESTION AS "NO" AND DID NOT COMPLETE SCHEDULE L. AS PART OF OUR PROMISSORY NOTE PROGRAM, OUR DIRECTORS, OFFICERS, TRUSTEE, ETC MAKE UP $272,549 OF OUR PROMISSORY NOTE PROGRAM OF $22,676,534. |
| FORM 990, PART VII, SECTION B: | OF THE AMOUNT REPORTED AS PAID TO COHN REZNICK, LLP OF $182,835, $157,765 HAS BEEN/WILL BE SUBSEQUENTLY REIMBURSED TO THE REINVESTMENT FUND. THE ONLY REMAINING AMOUNT TO BE REIMBURSED FROM THE BORROWERS IS $6,302. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (7 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Direct Controlling NADirectControllingNACd |
|---|---|---|---|---|---|---|---|---|---|
| TRF EDUCATION FUNDING LLC | |||||||||
| 1700 MARKET STREET 19TH FLOOR | PHILADELPHIA | PA | 19103 | 232331946 | INVESTMENT IN CHARTER SCHOOL FINANCING | DE | $0 | $84,566 | N/A |
| TRF NMTC FUND LLC | |||||||||
| 1700 MARKET STREET 19TH FLOOR | PHILADELPHIA | PA | 19103 | 020730746 | INVESTMENT IN NMTC PARTNERSHIPS | DE | $488,790 | $272,619 | N/A |
| REINVESTMENT I LLC | |||||||||
| 1700 MARKET STREET 19TH FLOOR | PHILADELPHIA | PA | 19103 | 272769688 | OREO | PA | $0 | $100 | N/A |
| TRF NMTC FUND MANAGER LLC | |||||||||
| 1700 MARKET STREET 19TH FLOOR | PHILADELPHIA | PA | 19103 | 273090164 | INVESTMENT IN NMTC PARTNERSHIPS | DE | $53,329 | $138,792 | N/A |
| REINVESTMENT III LLC | |||||||||
| 1700 MARKET STREET 19TH FLOOR | PHILADELPHIA | PA | 19103 | 272781162 | OREO | PA | $0 | $100 | N/A |
| REINVESTMENT IV LLC | |||||||||
| 1700 MARKET STREET 19TH FLOOR | PHILADELPHIA | PA | 19103 | 272781284 | OREO | PA | $0 | $100 | N/A |
| TC TRF QEI LLC | |||||||||
| 1700 MARKET STREET 19TH FLOOR | PHILADELPHIA | PA | 19103 | 208064386 | INVESTMENT IN NMTC PARTNERSHIPS | DE | $0 | $2,638,672 | N/A |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Direct Controlling NADirectControllingNACd | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| COLLABORATIVE LENDING INITIATIVE INC | ||||||||||
| 1700 MARKET STREET 19TH FLOOR | PHILADELPHIA | PA | 19103 | 232765410 | LENDING AND COMMUNITY INVESTING | PA | 501(C)(3) | 9 | N/A | Yes (1) |
| TRF ENTERPRISE FUND INC | ||||||||||
| 1700 MARKET STREET 19TH FLOOR | PHILADELPHIA | PA | 19103 | 233010796 | LENDING AND COMMUNITY INVESTING | PA | 501(C)(3) | 9 | N/A | Yes (1) |
| TRF PRIVATE EQUITY INC | ||||||||||
| 1700 MARKET STREET 19TH FLOOR | PHILADELPHIA | PA | 19103 | 311481669 | PRIVATE EQUITY | PA | 501(C)(3) | 9 | N/A | Yes (1) |
| TRF DEVELOPMENT PARTNERS INC | ||||||||||
| 1700 MARKET STREET 19TH FLOOR | PHILADELPHIA | PA | 19103 | 232671667 | REAL ESTATE | PA | 501(C)(3) | 9 | N/A | Yes (1) |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (37 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Predominant Income TypePredominantIncomeTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | Disproportionate AllocationsDisproportionateAllocationsInd | General Or Managing PartnerGeneralOrManagingPartnerInd | OwnershipOwnershipPct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| OH BEL-AIR PARTNERS LP | ||||||||||||
| 150 S INDEPENDENCE MALL WEST ST 102 | PHILADELPHIA | PA | 19106 | 200459281 | REDEVELOPMENT ACTIVITIES INCLUDING RENTAL FACILITIES | PA | RELATED | -$45,187 | $841,758 | 0 | 0 | 0.80250 |
| OH CHELTEN PARTNERS LP | ||||||||||||
| 150 S INDEPENDENCE MALL WEST ST 102 | PHILADELPHIA | PA | 19106 | 200459342 | REDEVELOPMENT ACTIVITIES INCLUDING RENTAL FACILITIES | PA | RELATED | -$16,242 | $855,415 | 0 | 0 | 0.80250 |
| TRF NMTC FUND IV LP | ||||||||||||
| 1700 MARKET STREET 19TH FLOOR | PHILADELPHIA | PA | 19103 | 202319705 | REDEVELOPMENT ACTIVITIES | PA | RELATED | -$251 | $206 | 0 | Yes (1) | 0.00010 |
| TRF NMTC FUND V LP | ||||||||||||
| 1700 MARKET STREET 19TH FLOOR | PHILADELPHIA | PA | 19103 | 208485396 | REDEVELOPMENT ACTIVITIES | PA | RELATED | $32 | 0 | Yes (1) | 0.00010 | |
| TRF NMTC FUND VI LP | ||||||||||||
| 1700 MARKET STREET 19TH FLOOR | PHILADELPHIA | PA | 19103 | 261523632 | REDEVELOPMENT ACTIVITIES | PA | RELATED | -$248 | $61,841 | 0 | Yes (1) | 0.00010 |
| TRF NMTC FUND VII LP | ||||||||||||
| 1700 MARKET STREET 19TH FLOOR | PHILADELPHIA | PA | 19103 | 020730767 | REDEVELOPMENT ACTIVITIES | PA | RELATED | $30 | $9,032 | 0 | Yes (1) | 0.00010 |
| TRF NMTC FUND VIII LP | ||||||||||||
| 1700 MARKET STREET 19TH FLOOR | PHILADELPHIA | PA | 19103 | 263748346 | REDEVELOPMENT ACTIVITIES | PA | RELATED | $11 | $12,131 | 0 | Yes (1) | 0.00010 |
| TRF NMTC FUND IX LP | ||||||||||||
| 1700 MARKET STREET 19TH FLOOR | PHILADELPHIA | PA | 19103 | 263748406 | REDEVELOPMENT ACTIVITIES | PA | RELATED | $5 | $3,860 | 0 | Yes (1) | 0.00010 |
| TRF NMTC FUND X LP | ||||||||||||
| 1700 MARKET STREET 19TH FLOOR | PHILADELPHIA | PA | 19103 | 263748452 | REDEVELOPMENT ACTIVITIES | PA | RELATED | $75 | $9,988 | 0 | Yes (1) | 0.00010 |
| TRF NMTC FUND XI LP | ||||||||||||
| 1700 MARKET STREET 19TH FLOOR | PHILADELPHIA | PA | 19103 | 263748520 | REDEVELOPMENT ACTIVITIES | PA | RELATED | $1 | $981 | 0 | Yes (1) | 0.00010 |
| TRF NMTC FUND XII LP | ||||||||||||
| 1700 MARKET STREET 19TH FLOOR | PHILADELPHIA | PA | 19103 | 263748706 | REDEVELOPMENT ACTIVITIES | PA | RELATED | $8 | $6,689 | 0 | Yes (1) | 0.00010 |
| TRF NMTC FUND XIV LP | ||||||||||||
| 1700 MARKET STREET 19TH FLOOR | PHILADELPHIA | PA | 19103 | 263748814 | REDEVELOPMENT ACTIVITIES | PA | RELATED | $57 | $9,272 | 0 | Yes (1) | 0.00010 |
| TRF NMTC FUND XV LP | ||||||||||||
| 1700 MARKET STREET 19TH FLOOR | PHILADELPHIA | PA | 19103 | 263749993 | REDEVELOPMENT ACTIVITIES | PA | RELATED | $176 | $57,277 | 0 | Yes (1) | 0.00010 |
| TRF NMTC FUND XVI LP | ||||||||||||
| 1700 MARKET STREET 19TH FLOOR | PHILADELPHIA | PA | 19103 | 263750073 | REDEVELOPMENT ACTIVITIES | PA | RELATED | $38 | $9,945 | 0 | 0 | 0.00010 |
| TRF NMTC FUND XVII LP | ||||||||||||
| 1700 MARKET STREET 19TH FLOOR | PHILADELPHIA | PA | 19103 | 263750138 | REDEVELOPMENT ACTIVITIES | PA | RELATED | $11 | $6,766 | 0 | 0 | 0.00010 |
| TRF NMTC FUND XVIII LP | ||||||||||||
| 1700 MARKET STREET 19TH FLOOR | PHILADELPHIA | PA | 19103 | 455056256 | REDEVELOPMENT ACTIVITIES | PA | RELATED | $30 | $11,493 | 0 | 0 | 0.00010 |
| TRF NMTC FUND XIX LP | ||||||||||||
| 1700 MARKET STREET 19TH FLOOR | PHILADELPHIA | PA | 19103 | 455056381 | REDEVELOPMENT ACTIVITIES | PA | RELATED | $5 | $4,134 | 0 | 0 | 0.00010 |
| TRF NMTC FUND XX LP | ||||||||||||
| 1700 MARKET STREET 19TH FLOOR | PHILADELPHIA | PA | 19103 | 455056470 | REDEVELOPMENT ACTIVITIES | PA | RELATED | $23 | $4,762 | 0 | 0 | 0.00010 |
| TRF NMTC FUND XXI LP | ||||||||||||
| 1700 MARKET STREET 19TH FLOOR | PHILADELPHIA | PA | 19103 | 455056693 | REDEVELOPMENT ACTIVITIES | PA | RELATED | $5 | $4,165 | 0 | 0 | 0.00010 |
| TRF NMTC FUND XXII LP | ||||||||||||
| 1700 MARKET STREET 19TH FLOOR | PHILADELPHIA | PA | 19103 | 455057215 | REDEVELOPMENT ACTIVITIES | PA | RELATED | $26 | $4,909 | 0 | 0 | 0.00010 |
| 481 PHILABUNDANCE INVESTMENT FUND LLC | ||||||||||||
| 1700 MARKET STREET 19TH FLOOR | PHILADELPHIA | PA | 19103 | 461083048 | REDEVELOPMENT ACTIVITIES | PA | RELATED | -$4 | $2,849 | 0 | 0 | 0.00010 |
| CHASE NMTC TRF 2011 INVESTMENT FUND LLC | ||||||||||||
| 1700 MARKET STREET 19TH FLOOR | PHILADELPHIA | PA | 19103 | 453506939 | REDEVELOPMENT ACTIVITIES | PA | RELATED | $902 | 0 | 0 | 0.00010 | |
| CHASE NMTC PHN INVESTMENT FUND LLC | ||||||||||||
| 1700 MARKET STREET 19TH FLOOR | PHILADELPHIA | PA | 19103 | 460750788 | REDEVELOPMENT ACTIVITIES | PA | RELATED | $1,648 | 0 | 0 | 0.00010 | |
| TRF NMTC FUND XXIII LP | ||||||||||||
| 1700 MARKET STREET 19TH FLOOR | PHILADELPHIA | PA | 19103 | 455062436 | REDEVELOPMENT ACTIVITIES | PA | RELATED | $42 | $16,885 | 0 | 0 | 0.00010 |
| TRF NMTC FUND XXIV LP | ||||||||||||
| 1700 MARKET STREET 19TH FLOOR | PHILADELPHIA | PA | 19103 | 462447476 | REDEVELOPMENT ACTIVITIES | PA | RELATED | $1 | $3,100 | 0 | 0 | 0.00010 |
| TRF NMTC FUND XXV LP | ||||||||||||
| 1700 MARKET STREET 19TH FLOOR | PHILADELPHIA | PA | 19103 | 462458105 | REDEVELOPMENT ACTIVITIES | PA | RELATED | $18 | $7,429 | 0 | 0 | 0.00010 |
| TRF NMTC FUND XXVI LP | ||||||||||||
| 1700 MARKET STREET 19TH FLOOR | PHILADELPHIA | PA | 19103 | 462469813 | REDEVELOPMENT ACTIVITIES | PA | RELATED | $8 | $12,827 | 0 | 0 | 0.00010 |
| TRF NMTC FUND XXVII LP | ||||||||||||
| 1700 MARKET STREET 19TH FLOOR | PHILADELPHIA | PA | 19103 | 462485795 | REDEVELOPMENT ACTIVITIES | PA | RELATED | $6 | $7,427 | 0 | 0 | 0.00010 |
| TRF NMTC FUND XXVIII LP | ||||||||||||
| 1700 MARKET STREET 19TH FLOOR | PHILADELPHIA | PA | 19103 | 462496766 | REDEVELOPMENT ACTIVITIES | PA | RELATED | $2 | $8,101 | 0 | 0 | 0.00010 |
| CHASE NMTC LIBERTY HEIGHTS INVESTMENT FUND LLC | ||||||||||||
| 1700 MARKET STREET 19TH FLOOR | PHILADELPHIA | PA | 19103 | 461191778 | REDEVELOPMENT ACTIVITIES | PA | RELATED | -$2 | $2,005 | 0 | 0 | 0.00010 |
| TRF NMTC FUND XIII LP | ||||||||||||
| 1700 MARKET STREET 19TH FLOOR | PHILADELPHIA | PA | 19103 | 263748763 | REDEVELOPMENT ACTIVITIES | PA | RELATED | $46 | $13,891 | 0 | 0 | 0.00010 |
| HEALTHCO PARTICIPANT LLC | ||||||||||||
| 1700 MARKET STREET 19TH FLOOR | PHILADELPHIA | PA | 19103 | 464147984 | LOAN ADMINISTRATION | PA | RELATED | -$20,955 | -$1,430 | 0 | 0 | 0.33330 |
| FSCLF HOLDING LLC | ||||||||||||
| 100 W 10TH STREET SUITE 1005 | WILMINGTON | DE | 19801 | 453833176 | HOLDING COMPANY | DE | RELATED | -$16,768 | $267,966 | 0 | 0 | 0.50000 |
| TRF NMTC FUND XXIX LP | ||||||||||||
| 1700 MARKET STREET 19TH FLOOR | PHILADELPHIA | PA | 19103 | 465283711 | REDEVELOPMENT ACTIVITIES | PA | RELATED | $7 | $6,203 | 0 | 0 | 0.00010 |
| TRF NMTC FUND XXX LP | ||||||||||||
| 1700 MARKET STREET 19TH FLOOR | PHILADELPHIA | PA | 19103 | 465275906 | REDEVELOPMENT ACTIVITIES | PA | RELATED | $1 | $2,112 | 0 | 0 | 0.00010 |
| TRF NMTC FUND XXXI LP | ||||||||||||
| 1700 MARKET STREET 19TH FLOOR | PHILADELPHIA | PA | 19103 | 465296479 | REDEVELOPMENT ACTIVITIES | PA | RELATED | $1 | $11,557 | 0 | 0 | 0.00010 |
| TRF NMTC FUND XXXII LP | ||||||||||||
| 1700 MARKET STREET 19TH FLOOR | PHILADELPHIA | PA | 19103 | 465308492 | REDEVELOPMENT ACTIVITIES | PA | RELATED | $1,406 | 0 | 0 | 0.00010 | |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | REINVESTMENT II LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1700 MARKET STREET 19TH FLOOR | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19103 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 272769757 | EIN |
| Primary Activities | RENTAL PROPERTY | PrimaryActivitiesTxt |
| Legal Domicile State | PA | LegalDomicileStateCd |
| Entity Type | C | EntityTypeTxt |
| Share Of EOY Assets | $100 | ShareOfEOYAssetsAmt |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | 0 | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | Yes (1) | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (1) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | Yes (1) | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (1) | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (11 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| TRF DEVELOPMENT PARTNERS INC | ||
| A | $10,000 | CASH TRANSFER |
| TRF DEVELOPMENT PARTNERS INC | ||
| E | $689,028 | CASH TRANSFER |
| TRF DEVELOPMENT PARTNERS INC | ||
| P | $351,030 | CASH TRANSFER |
| TRF DEVELOPMENT PARTNERS INC | ||
| R | $1,095,000 | CASH TRANSFER |
| TRF NMTC FUND LLC | ||
| B | $499 | CASH TRANSFER |
| TRF NMTC FUND LLC | ||
| L | $8,499 | CASH TRANSFER |
| TRF ENTERPRISE FUND INC | ||
| D | $29,418 | CASH TRANSFER |
| TRF ENTERPRISE FUND INC | ||
| O | $1,192 | CASH TRANSFER |
| EAST BALTIMORE HISTORIC I LLC | ||
| D | $904,361 | CASH TRANSFER |
| TRF DP - SCOTLAND COMMONS INC | ||
| P | $2,470 | CASH TRANSFER |
| TRF PRIVATE EQUITY INC | ||
| R | $557,728 | CASH TRANSFER |