2014-10-24T13:51:18-05:00 2013-12-31 BDO USA LLP 1700 MARKET STREET 29TH FLOOR PHILADELPHIA PA 19103 990 2013-01-01 232973751 Passyunk Avenue Revitalization Corporation % SAMUEL SHERMAN PASS 2155515111 1134 Titan Street Suite Philadelphia PA 19147 Sam Sherman Exec. Director 2155515111 2014-10-06 true BERNADETTE M DANIEL CPA P00026171 2155515111 2014-10-03 2013 2015-11-30 17:44:51Z Samuel Sherman 1134 Titan Street PHILADELPHIA PA 19147 1043737 false X www.PASSYARC.ORG 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. 9 9 2 1 0 0 1790 85658 560533 4868 -10250 54000 16800 144526 568873 0 0 0 0 186561 178246 0 0 0 985317 959429 1171878 1137675 -1027352 -568802 9300355 8517495 365309 693885 8935046 7823610 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 1025294 566081 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. 1025294 true false 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 18 0 true 2 true false false false false false false false false false false X 9 9 false false false false false false false true true false false true true true true false false true false false X SAMUEL SHERMAN 2155515111 1134 TITAN STREET PHILADELPHIA PA 19147 PAUL LEVY Chairman 5.0 X 0 0 James Pearlstein Board Member 1.0 X 0 0 Chris Terlizzi Board Member 1.0 X 0 0 Sara Doelger Board Member 0.25 X 0 0 Jesse Spalletta Board Member 0.25 X 0 0 Jim Gallo Board Member 0.25 X 0 0 Darren Fava Board Member 0.25 X 0 0 Dan Pohlig Board Member 0.25 X 0 0 Maria Froio Baord Member 0.25 X 0 0 SAMUEL SHERMAN JR EXECUTIVE DIRECTOR 40.0 X 105600 0 0 105600 0 0 1 false false false GAB CONSTRUCTION CONSTRUCTION 283296 ABM ATLANTIC INC CLEANING SERVICE 299428 DELAWARE RIVER WATERFRONT CORP DESIGN/DEVELOPMENT 200000 3 1790 1790 RENTAL INCOME 531120 559993 559993 SERVICE FEE INCOME 900099 540 540 560533 1002 1002 0 0 16800 16800 0 16800 16800 463612 474864 -11252 -11252 -11252 0 0 0 0 568873 566081 1002 0 0 0 0 105600 84480 21120 0 0 41886 33509 8377 0 0 18076 14461 3615 0 12684 10147 2537 0 0 13636 10909 2727 0 87807 70245 17562 0 0 0 0 750 600 150 0 347 278 69 0 15370 12296 3074 0 0 0 11256 9005 2251 0 0 0 0 0 0 237202 189820 47382 0 16726 13382 3344 0 COMMUNITY BEAUTIFICATION 396648 396648 0 0 REAL ESTATE TAXES 864 691 173 0 RENTAL EXPENSES 170374 170374 0 0 PARKING LOT EXPENSES 8449 8449 0 0 1137675 1025294 112381 0 120444 43525 581421 237845 0 0 2877 24868 0 0 0 0 0 0 0 0 9054 29124 9478550 1352147 8489159 8126403 0 0 0 0 0 0 0 0 97400 55730 9300355 8517495 331934 96259 0 0 3905 3083 0 0 0 0 0 0 0 553723 0 0 29470 40820 365309 693885 X 8935046 7823610 0 0 0 0 8935046 7823610 9300355 8517495 X -568802 -542634 X false true X true false X 0 0 0 0 1790 1790 278000 318500 15997 85658 560533 1258688 0 0 0 278000 318500 15997 85658 562323 1260478 0 0 0 1260478 49286 10810 8028 58868 17802 144794 0 49286 10810 8028 58868 17802 144794 0 0 327286 329310 24025 144526 580125 1405272 0.89696 0.82720 0.10304 0.17280 X 460960 460960 9017590 1352147 7665443 8126403 0 SECURITY DEPOSITS 40820 40820 580125 580125 -11252 -11252 568873 1691562 553887 553887 1137675 1137675 SCHEDULE D, PART XIV FOR THE YEARS ENDED DECEMBER 31, 2013 AND 2012, THE ORGANIZATION HAS IDENTIFIED UNCERTAIN TAX POSITIONS RELATED TO THE NON-FILINGS OF FORMS 990 AS DISCLOSED IN NOTE 2 TO THE CONSOLIDATED 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 FOR THE YEARS SUBSEQUENT TO DECEMBER 31, 2009. Schedule D, Part XI, line 4 Net loss on disposal of asset reported as expense in Audited Financial Statement: (11,252) Schedule D, Part XII, Line 2c Impairment loss reported as expense on books reported as other change in net assets on Form 990, Part XI: 542,635 Loss on disposal of long-lived asset reported on Statement of Revenue: 11,252 FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS, POLICIES AND TAX FILINGS ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED AND APPROVED BY THE BOARD CHAIR BEFORE FILING AND IS LATER PRESENTED TO THE EXECUTIVE COMMITTEE FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ANNUALLY COMPLETE AND SIGN FORMS DISCLOSING ANY CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15A Compensation decisions for the Executive Director were determined by the Executive Committee. Form 990, Part XI, Line 9 Loss on Impairment of long-lived Asset : (542,635)