HERSHA H AND HASU P SHAH FAMILY FOUNDATION: Form 990PF, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: HERSHA H AND HASU P SHAH FAMILY FOUNDATION (EIN 20-2011302)
Tax period: 2012-07-01 to 2013-06-30
Filed: 2014-05-12
IRS object ID: 201401329349102055
Schema version: 2012v2.0
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-PF
Schedule B
Depreciation Schedule
Investments Corp Stock Schedule
Investments Land Schedule2
Mortgages And Notes Payable Sch
Other Decreases Schedule
Other Expenses Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2014-05-12T11:08:16-07:00	Timestamp
Tax Period End Date	2013-06-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Boles Metzger Brosius & Emrick PC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	3601 N Front Street	AddressLine1
City	Harrisburg	City
State	PA	State
ZIP Code	17110	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnType
Tax Period Begin Date	2012-07-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	202011302	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	THE HERSHA H AND HASU P SHAH FAMILY	BusinessNameLine1
Business Name Line2	FOUNDATION	BusinessNameLine2

Field	Value	IRS element (for citing)
Name Control	HERS	NameControl

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	44 HERSHA DRIVE	AddressLine1
City	HARRISBURG	City
State	PA	State
ZIP Code	17102	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	HASU P SHAH	Name
Title	Trustee	Title
Date Signed	2014-05-12	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	William B Boles CPA	Name
PTIN	P00168811	PTIN
Phone	7172380446	Phone

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2015-12-30 17:16:21Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Exempt PF	X	ExemptPF
FMV Assets EOY	1673800	FMVAssetsEOY
Method Of Accounting Cash	X	MethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Received Rev And Expnss	177502	ContriReceivedRevAndExpnss
Dividends Rev And Expnss	52791	DividendsRevAndExpnss
Dividends Net Invst Incm	52791	DividendsNetInvstIncm
Dividends Adj Net Incm	52791	DividendsAdjNetIncm
Gross Rents Rev And Expnss	33968	GrossRentsRevAndExpnss
Gross Rents Net Invst Incm	33968	GrossRentsNetInvstIncm
Gross Rents Adj Net Incm	33968	GrossRentsAdjNetIncm
Net Rental Income Or Loss	-4625	NetRentalIncomeOrLoss
Total Revenue And Expenses	264261	TotalRevenueAndExpenses
Total Net Investment Income	86759	TotalNetInvestmentIncome
Total Adjusted Net Income	86759	TotalAdjustedNetIncome
Taxes Rev And Expnss	400	TaxesRevAndExpnss
Taxes Net Invst Incm	400	TaxesNetInvstIncm
Deprec And Depletion Rev And Expnss	8200	DeprecAndDepletionRevAndExpnss
Deprec And Depletion Net Invst Incm	8200	DeprecAndDepletionNetInvstIncm
Other Expenses Rev And Expnss	44858	OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm	44858	OtherExpensesNetInvstIncm
Tot Opr Expenses Rev And Expnss	53458	TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm	53458	TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps	0	TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss	94002	ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps	94002	ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss	147460	TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm	53458	TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps	94002	TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses	116801	ExcessOfRevenueOverExpenses
Net Investment Income	33301	NetInvestmentIncome
Adjusted Net Income	86759	AdjustedNetIncome

Balance Sheets BalanceSheets

Field	Value	IRS element (for citing)
Savings And Temp Cash Invst BOY	104069	SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY	11336	SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV	11336	SavingsAndTempCashInvstEOYFMV
Investments Corp Stock BOY	1091552	InvestmentsCorpStockBOY
Investments Corp Stock EOY	1290474	InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV	1662464	InvestmentsCorpStockEOYFMV
Investments Land Etc Basis	589300	InvestmentsLandEtcBasis
Accum Deprec Investments Land Etc	29383	AccumDeprecInvestmentsLandEtc
Investments Land Etc EOY	559917	InvestmentsLandEtcEOY
Total Assets BOY	1195621	TotalAssetsBOY
Total Assets EOY	1861727	TotalAssetsEOY
Total Assets EOYFMV	1673800	TotalAssetsEOYFMV
Mortgages And Notes Payable EOY	478274	MortgagesAndNotesPayableEOY
Total Liabilities EOY	478274	TotalLiabilitiesEOY
Org That Follow SFAS117	X	OrgThatFollowSFAS117
Unrestricted BOY	1195621	UnrestrictedBOY
Unrestricted EOY	1383453	UnrestrictedEOY
Total Net Assets BOY	1195621	TotalNetAssetsBOY
Total Net Assets EOY	1383453	TotalNetAssetsEOY
Total Liabilities Net Assets BOY	1195621	TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY	1861727	TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Field	Value	IRS element (for citing)
Total Net Assets Fund Balances BOY	1195621	TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses	116801	ExcessOfRevenueOverExpenses
Other Increases	86669	OtherIncreases
Subtotal	1399091	Subtotal
Other Decreases	15638	OtherDecreases
Total Net Assets Fund Balances EOY	1383453	TotalNetAssetsFundBalancesEOY

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Field	Value	IRS element (for citing)
Liable For4942 Tax	false	LiableFor4942Tax
Qualifying Distributions Year1	130797	QualifyingDistributionsYear1
Noncharitable Assets Year1	1230803	NoncharitableAssetsYear1
Distribution Ratio Year1	0.10627	DistributionRatioYear1
Qualifying Distributions Year2	55699	QualifyingDistributionsYear2
Noncharitable Assets Year2	1218961	NoncharitableAssetsYear2
Distribution Ratio Year2	0.04569	DistributionRatioYear2
Qualifying Distributions Year3	20000	QualifyingDistributionsYear3
Noncharitable Assets Year3	953634	NoncharitableAssetsYear3
Distribution Ratio Year3	0.02097	DistributionRatioYear3
Noncharitable Assets Year4	657439	NoncharitableAssetsYear4
Qualifying Distributions Year5	67776	QualifyingDistributionsYear5
Noncharitable Assets Year5	870574	NoncharitableAssetsYear5
Distribution Ratio Year5	0.07785	DistributionRatioYear5
Total Distribution Ratio	0.25079	TotalDistributionRatio
Average Distribution Ratio	0.05016	AverageDistributionRatio
Net Noncharitable Assets	1502596	NetNoncharitableAssets
Adjusted Noncharitable Assets	75367	AdjustedNoncharitableAssets
One Percent Net Investment Income	333	OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One	75700	AdjNonchrtblAssetsAndOnePct
Qualifying Distributions	94002	QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Field	Value	IRS element (for citing)
Domestic Org Meeting Sect4940e	X	DomesticOrgMeetingSect4940e
Investment Income Excise Tax	333	InvestmentIncomeExciseTax
Subtotal	333	Subtotal
Tax Based On Investment Income	333	TaxBasedOnInvestmentIncome
Tax Due	333	TaxDue

Statements Regarding Activities StatementsRegardingActivities

Field	Value	IRS element (for citing)
Legislative Political Activities	false	LegislativePoliticalActivities
More Than100 Spent	false	MoreThan100Spent
Form1120 POL Filed	false	Form1120POLFiled
Activities Not Prev Reported	false	ActivitiesNotPrevReported
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylaws
Unrelated Bus Income Over1000	false	UnrelatedBusIncomeOver1000
Form990 T Filed	false	Form990TFiled
Termination Etc	false	TerminationEtc
Requirements Of Sect508e	true	RequirementsOfSect508e
At Least5000 In Assets	true	AtLeast5000InAssets
States Filed With	PA	StatesFiledWith
Form990 PF Filed With AG	true	Form990PFFiledWithAG
Private Operating Foundation	false	PrivateOperatingFoundation
New Substantial Contributors	false	NewSubstantialContributors
Interest In Controlled Entity	false	InterestInControlledEntity
Applicable Insurance Contract	false	ApplicableInsuranceContract
Comply With Public Inspection Rqr	true	ComplyWithPublicInspectionRqr
Website Address	N/A	WebsiteAddress

Books In Care Of Business Name BooksInCareOfBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	HASU P SHAH	BusinessNameLine1

Field	Value	IRS element (for citing)
Books In Care Of Phone Number	7172364400	BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

Field	Value	IRS element (for citing)
Address Line1	44 HERSHA DRIVE	AddressLine1
City	HARRISBURG	City
State	PA	State
ZIP Code	17102	ZIPCode

Field	Value	IRS element (for citing)
Foreign Bank	false	ForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

Field	Value	IRS element (for citing)
Sale Or Exchange With Dsqfly Person	false	SaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly Person	false	BorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly Person	false	FurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly Person	false	PayCompensationToDsqflyPerson
Transfer Assets To Dsqfly Person	false	TransferAssetsToDsqflyPerson
Payment To Government Offical	false	PaymentToGovernmentOffical
Acts Fail To Qualify As Exceptions	false	ActsFailToQualifyAsExceptions
Uncorrected Prior Acts	false	UncorrectedPriorActs
Undistributed Income Prior Years	false	UndistributedIncomePriorYears
Undistr Income4942a2 Not Applied	false	UndistrIncome4942a2NotApplied
Business Holdings	false	BusinessHoldings
Excess Business Holdings	false	ExcessBusinessHoldings
Jeopardy Investments	false	JeopardyInvestments
Uncorrected Jeopardy Investments	false	UncorrectedJeopardyInvestments
Influence Legislation	false	InfluenceLegislation
Influence Election	false	InfluenceElection
Grants To Individuals	false	GrantsToIndividuals
Grants To Organizations	false	GrantsToOrganizations
Noncharitable Purpose	false	NoncharitablePurpose
Tr Fail To Qualify As Exceptions	false	TrFailToQualifyAsExceptions
Maint Expend Responsibility	false	MaintExpendResponsibility
Rcv Funds To Pay Prsnl Bnft Contract	false	RcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft Contract	false	PayPremiumsPrsnlBnftContract
Prohibited Tax Shelter Transactn	false	ProhibitedTaxShelterTransactn
Proceeds Or Net Income	false	ProceedsOrNetIncome

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (4 entries)

Address Line1USAddress/AddressLine1	CityUSAddress/City	StateUSAddress/State	ZIP CodeUSAddress/ZIPCode	TitleTitle	Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition	CompensationCompensation
NEIL H SHAH
44 HERSHA DRIVE	HARRISBURG	PA	17102	Trustee	1.00	0
JAY H SHAH
44 HERSHA DRIVE	HARRISBURG	PA	17102	Trustee	1.00	0
HARSHA H SHAH
44 HERSHA DRIVE	HARRISBURG	PA	17102	Trustee	1.00	0
HASU P SHAH
44 HERSHA DRIVE	HARRISBURG	PA	17102	Trustee	1.00	0

Field	Value	IRS element (for citing)
Comp Of Highest Paid Empl NONE	NONE	CompOfHighestPaidEmplNONE
Comp Of Hghst Paid Cntrct NONE	NONE	CompOfHghstPaidCntrctNONE

Minimum Investment Return MinimumInvestmentReturn

Field	Value	IRS element (for citing)
Avg Monthly FMV Of Securities	1491173	AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances	34305	AvgMonthlyCashBalances
FMV All Other Noncharitable Assets	0	FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets	1525478	TotalFMVOfUnusedAssets
Reduction Claimed	0	ReductionClaimed
Adj Total FMV Of Unused Assets	1525478	AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable	22882	CashDeemedCharitable
Net Noncharitable Assets	1502596	NetNoncharitableAssets
Minimum Investment Return	75130	MinimumInvestmentReturn

Distributable DistributableAmount

Field	Value	IRS element (for citing)
Minimum Investment Return	75130	MinimumInvestmentReturn
Tax Based On Investment Income	333	TaxBasedOnInvestmentIncome
Total Tax	333	TotalTax
Distributable Amount Before Adj	74797	DistributableAmountBeforeAdj
Distributable Amount Before Ded	74797	DistributableAmountBeforeDed
Distributable Amount As Adjusted	74797	DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

Field	Value	IRS element (for citing)
Expenses And Contributions	94002	ExpensesAndContributions
Qualifying Distributions	94002	QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm	333	OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions	93669	AdjQualifyingDistributions

Undistributed Income UndistributedIncome

Field	Value	IRS element (for citing)
Distributable Amount As Adjusted	74797	DistributableAmountAsAdjusted
Excess Distri Carryover Year1	53206	ExcessDistriCarryoverYear1
Total Excess Distri Carryover	53206	TotalExcessDistriCarryover
Qualifying Distributions	94002	QualifyingDistributions
Treated As Distri From Corpus	0	TreatedAsDistriFromCorpus
Applied To Current Year	74797	AppliedToCurrentYear
Remaining Distri From Corpus	19205	RemainingDistriFromCorpus
Total Corpus	72411	TotalCorpus
Undistributed Income CY	0	UndistributedIncomeCY
Excess Distri Cyov To Next Year	72411	ExcessDistriCyovToNextYear
Excess From Year1	53206	ExcessFromYear1
Excess From Current Year	19205	ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

Field	Value	IRS element (for citing)
Contributing Manager	HARSHA H SHAH	ContributingManager
Contributing Manager	HASU P SHAH	ContributingManager
Only Contributes To Preselected	X	OnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear

Field	Value	IRS element (for citing)
Recipient Person Name	RONAK CHARITY TRUST	RecipientPersonName

Recipient Foreign Address RecipientForeignAddress

Field	Value	IRS element (for citing)
Address Line1	27 BAUTAMNAGAR SOCIETY RACE COURSE	AddressLine1
City	VADODARA	City
Province Or State	GUJARAT	ProvinceOrState
Country	IN	Country
Postal Code	39007	PostalCode

Field	Value	IRS element (for citing)
Recipient Relationship	N/A	RecipientRelationship
Recipient Foundation Status	NONE	RecipientFoundationStatus
Purpose Of Grant Or Contribution	TO AID IN THE ACCOMPLISHMENT OF THE CHARITABLE PURPOSE OF THE ORGANIZATION.	PurposeOfGrantOrContribution
Amount	$94,002	Amount

Field	Value	IRS element (for citing)
Tot Grant Or Contri Paid During Year	94002	TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

Field	Value	IRS element (for citing)
Exclusion Code	14	ExclusionCode
Exclusion	$52,791	ExclusionAmount

Net Rental Incm Re Debt Fincd Prop NetRentalIncmReDebtFincdProp

Field	Value	IRS element (for citing)
Exclusion Code	16	ExclusionCode
Exclusion	-$4,625	ExclusionAmount

Other Revenue Described OtherRevenueDescribed

Field	Value	IRS element (for citing)
Description	TAX REFUND	Description

Subtotals Part XVIA SubtotalsPartXVIA

Field	Value	IRS element (for citing)
Exclusion	$48,166	ExclusionAmount

Field	Value	IRS element (for citing)
Total Part XVIA	48166	TotalPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Noncharitable EO	false	TrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EO	false	TrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssets
Purchase Assets Noncharitable EO	false	PurchaseAssetsNoncharitableEO
Rental Of Facilities Etc	false	RentalOfFacilitiesEtc
Reimbursement Arrangements	false	ReimbursementArrangements
Loans Or Loan Guarantees	false	LoansOrLoanGuarantees
Performance Of Services Etc	false	PerformanceOfServicesEtc
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtc
Relationships Noncharitable E Os	false	RelationshipsNoncharitableEOs

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	X	Organization501c3ExemptPF
General Rule	X	GeneralRule

Contributor Info ContributorInfo (3 entries)

Contributor NumberContributorNumber	Contributor Name IndividualContributorNameIndividual	Address Line1ContributorAddressUS/AddressLine1	CityContributorAddressUS/City	StateContributorAddressUS/State	ZIP CodeContributorAddressUS/ZIPCode	Aggregate ContributionsAggregateContributions	Person Contribution TypePersonContributionType
3	JATIN DESAI	2314 PLANTERS STREET	SUGAR LAND	TX	77479	7000	X
2	DR SANDEEP and NEETA PATEL	100 CENTRAL AVENUE SUITE 200	ST PETERSBURG	FL	33701	90000	X
1	MR HASU P SHAH	1748 CONWAY HEATH	CAMP HILL	PA	17011	76500	X

Depreciation Schedule DepreciationSchedule

Depreciation Depreciation

Field	Value	IRS element (for citing)
Description Of Property	1800 N 2ND STREET BLDG	DescriptionOfProperty
Date Acquired	2008-12-03	DateAcquired
Cost Or Other Basis	328000	CostOrOtherBasis
Prior Years Depreciation	29383	PriorYearsDepreciation
Computation Method	91	ComputationMethod
Life	40.0000	Life
Current Year Expense	8200	CurrentYearExpense
Net Investment Income	8200	NetInvestmentIncome

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock (8 entries)

Name Of StockNameOfStock	EOY Book ValueEOYBookValue	EOYFMVEOYFMV
DFECEX	79743	76225
SUSQ	17191	23207
HT	307449	458831
VIMSX	81246	124935
VIFSX	466322	606211
DFIVX	100486	98684
DISVX	61761	63861
DFSCX	176276	210510

Investments Land Schedule2 InvestmentsLandSchedule2

Investment Land InvestmentLand (2 entries)

Category Or ItemCategoryOrItem	Cost Or Other BasisCostOrOtherBasis	Book ValueBookValue	Accumulated DepreciationAccumulatedDepreciation
Land	261300	261300
Buildings	328000	298617	29383

Mortgages And Notes Payable Sch MortgagesAndNotesPayableSch

Field	Value	IRS element (for citing)
Total Mortgage	$478,274	TotalMortgageAmount

Note Payable NotePayable (2 entries)

IndividualLendersName/Individual	Relationship To InsiderRelationshipToInsider	Original Amount Of LoanOriginalAmountOfLoan	Balance DueBalanceDue	Date Of NoteDateOfNote	Repayment TermsRepaymentTerms	Security Provided By BorrowerSecurityProvidedByBorrower	Purpose Of LoanPurposeOfLoan
HERSHA CAPITAL	NONE	175000	88819	2008-12	UPON DEMAND	UNSECURED	INVESTMENT BUILDING
SUSQUEHANNA BANK			389455

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases OtherDecreases

Field	Value	IRS element (for citing)
Description	RETURN OF CAPITAL	Description
Amount	$15,638	Amount

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	Revenue And Expenses Per BooksRevenueAndExpensesPerBooks	Net Investment IncomeNetInvestmentIncome
Rental Expenses	30393	30393
INVESTMENT & BANK FEES	820	820
GENERAL EXPENSES	10645	10645
FOUNDATION FEES	3000	3000

Taxes Schedule TaxesSchedule

Taxes Taxes

Field	Value	IRS element (for citing)
Category	EXCISE TAX	Category
Amount	$400	Amount
Net Investment Income	400	NetInvestmentIncome