2013-04-11T17:40:23-05:00 2012-12-31 410746749 CLIFTONLARSONALLEN LLP 610 WEST GERMANTOWN PIKE SUITE 400 PLYMOUTH MEETING PA 19462 990 2012-01-01 231668087 CASA FARNESE INC CASA 2157353858 1300 LOMBARD STREET PHILADELPHIA PA 19147 JOSEPH JACOVINI 2157353858 2013-03-28 1 STEVE ROSA CPA P00079667 2156433900 2012 2016-02-25 16:41:14Z JOSEPH JACOVINI 1300 LOMBARD STREET PHILADELPHIA PA 19147 2340824 0 X N/A X 1962 PA PROVIDE LOW AND MODERATE INCOME HOUSING TO 288 SENIOR CITIZENS, THROUGH APARTMENT RENTALS. 21 21 22 21 0 0 716688 14500 2322966 2302995 6522 5625 18684 17704 3064860 2340824 0 0 0 0 550823 620269 0 0 0 1593399 1561447 2144222 2181716 920638 159108 6481267 6440575 2587922 2388122 3893345 4052453 APARTMENT RENTAL - TO PROVIDE LOW AND MODERATE INCOME HOUSING TO SENIOR CITIZENS IN ACCORDANCE WITH HUD GUIDELINES 0 0 1518678 2302995 TO PROVIDE LOW TO MODERATE INCOME HOUSING FOR SENIOR CITIZENS IN ACCORDANCE WITH HUD GUIDELINES. 66139 COORDINATOR OF SERVICES - PROVIDES VARIOUS SOCIAL SERVICES TO RESIDENTS. 1584817 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 21 0 1 22 1 0 0 0 0 0 0 0 0 0 0 X 21 21 1 1 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 PA X PRD MANAGEMENT 8564861990 4350 HADDONFIELD ROAD SUITE 117 PENNSAUKEN NJ 08109 X JOSEPH J JACOVINI ESQUIRE 3.00 X X 0 0 0 DOMINIC S LIBERI ESQUIRE 1.00 X 0 0 0 HENRY F ACCHIONE JR ESQUIRE 2.00 X 0 0 0 ROBERT J CAPONE 1.00 X X 0 0 0 JOSEPH F CORADINO 1.00 X 0 0 0 BENITO FARNESE 0.30 X 0 0 0 MARCO FARNESE 0.30 X 0 0 0 DR ALFRED J IEZZI 0.30 X 0 0 0 MARK NICOLETTI 0.30 X 0 0 0 ANNETTE RIZZO 0.30 X 0 0 0 COMM DOMINIC SABATINI 0.30 X 0 0 0 ANNA VERNA 0.30 X 0 0 0 WALTER J BELOVITZ JR 0.30 X 0 0 0 LAWRENCE M FARNESE JR 0.30 X 0 0 0 EDWARD J MCBRIDE 0.30 X X 0 0 0 RAYMOND A PESCATORE 0.30 X 0 0 0 CAROL A TAMBURINO 0.30 X 0 0 0 DIANE A MENIO 0.30 X 0 0 0 ALFORD WILLIAMS 0.30 X 0 0 0 JAMES FLINT 0.30 X 0 0 0 LAWRENCE FARNESE SR 0.30 X 0 0 0 0 0 0 0 0 0 0 PRD MANAGEMENT INC 4350 HADDONFIELD ROAD SUITE 117 PENNSAUKEN NJ 08109 PROPERTY MANAGEMENT 215895 COMPASS ARCHITECTURAL DESIGN 1203 HADDONFIELD BERLIN ROAD VOORHEES NJ 08043 ARCHITECTURAL SERVICES 133761 ALLIED BARTON SECURITY SERVICE 161 WASHINGTON STREET SUITE 600 CONSHOHOCKEN PA 19428 SECURITY SERVICES 104944 CONNER STRONG & BUCKELEW TWO LIBERTY PLACE 50 S 16TH STREE PHILADELPHIA PA 19102 INSURANCE AGENT 100213 4 14500 14500 RENTAL INCOME 531110 2302995 2302995 2302995 5625 5625 LAUNDRY INCOME 812300 17306 17306 LATE CHARGES AND OTHER 531390 398 398 17704 2340824 2302995 0 23329 484971 295125 189846 92768 92768 42530 42530 172114 172114 16248 16248 24200 24200 289248 169624 119624 62133 62133 256500 256500 23949 23949 390773 390773 109151 109151 SUPPLIES 97568 97568 MAINTENANCE EXPENSE 60441 60441 GARBAGE AND TRASH REMOV 24665 24665 TAXES, LICENSES & PERMI 21723 21723 12734 12734 2181716 1584817 596899 0 194668 84194 1385238 1564169 25435 12691 314589 310861 11732373 7485684 4549663 4246689 11674 221971 6481267 6440575 516260 461905 1987230 1834587 84432 91630 2587922 2388122 X 3893345 4052453 3893345 4052453 6481267 6440575 159108 0 X X 0 1 X 1 1 1 X 243021 51539 35500 716688 14500 1061248 2141129 2221863 2340709 2322966 2302995 11329662 2384150 2273402 2376209 3039654 2317495 12390910 0 0 0 12390910 29731 28197 5349 6522 5625 75424 29731 28197 5349 6522 5625 75424 21783 15911 15366 18684 17704 89448 2435664 2317510 2396924 3064860 2340824 12555782 0.98690 0.98470 0.00600 0.00840 X SCHEDULE A, PART II, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE - 2008 AMOUNT: $ 7,273. 2009 AMOUNT: $ 101. 2010 AMOUNT: $ 0. 2011 AMOUNT: $ 0. 2012 AMOUNT: $ 398. LAUNDRY REVENUE - RENTAL INCOME - 2008 AMOUNT: $ 14,510. 2009 AMOUNT: $ 15,810. 2010 AMOUNT: $ 15,366. 2011 AMOUNT: $ 18,684. 2012 AMOUNT: $ 17,306. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 369038 369038 2269084 2093198 175886 8813204 5132720 3680484 281047 259766 21281 4246689 TENANT SECURITY DEPOSITS 91630 91630 X 2340824 0 2340824 0 2340824 2181716 0 2181716 0 2181716 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE PROJECT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND IS EXEMPT FROM PENNSYLVANIA AND PHILADELPHIA LOCAL INCOME TAXES AS A NON PROFIT CORPORATION FORMED UNDER THE PROVISIONS OF THE DELAWARE NONPROFIT CORPORATION LAW. THE PROJECT IS ALSO EXEMPT FROM PHILADELPHIA REAL ESTATE TAXES. NO PROVISION FOR INCOME TAX HAS BEEN INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE PROJECT ADOPTED THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS. THE IMPLEMENTATION OF THIS STANDARD HAD NO IMPACT ON THE FINANCIAL STATEMENTS. THE PROJECT'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE TAX RETURNS FOR THE YEARS 2009, 2010 AND 2011 ARE OPEN TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES. X 0 CASA FARNESE SYMPOSIUM 1300 LOMBARD STREET PHILADELPHIA PA 19147 FARNESE SYMPOSIUM OF AGING ISSUES. 0 14500 16890 -2390 14500 16890 -2390 PA FORM 990, PART VI, SECTION A, LINE 2 FOUR BOARD MEMBERS ARE RELATED. BENITO FARNESE AND MARCO FARNESE ARE BROTHERS. LAWRENCE FARNESE, JR. IS A NEPHEW TO THE TWO BROTHERS. LAWRENCE FARNESE, SR AND LAWRENCE FARNESE, JR. ARE FATHER AND SON. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION USES PRD MANAGEMENT, INC. TO MANAGE THE FACILITY OPERATIONS. FORM 990, PART VI, SECTION A, LINE 7A BOARD MEMBERS HAVE THE ABILITY TO ELECT OTHER BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 11 THE 990 WILL BE REVIEWED AND APPROVED BY THE FINANCE COMMITTEE PRIOR TO FILING. IN ADDITION, THE FINAL VERSION OF THE TAX RETURN WILL BE DISTRIBUTED TO ALL OF THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ITEMS OVER $7,500 ARE APPROVED BY THE BOARD. CONFLICTS OR THE APPEARANCE OF CONFLICTS ARE DISCUSSED AT BOARD MEETINGS. PERSONS ARE COVERED UNDER THE POLICY AT THE BOARD LEVEL AND THE MANAGEMENT LEVEL. IF A CONFLICT OR APPEARANCE OF CONFLICT ARISES WITH STAFF, IT IS REVIEWED BY PRD. IF A CONFLICT OR APPEARANCE OF CONFLICT ARISES WITH PRD, IT IS REVIEWED BY BOARD. IF A CONFLICT OR APPEARANCE OF CONFLICT ARISES WITH A BOARD MEMBER, THEN THE BOARD REVIEWS IT. RESTRICTIONS ARE IMPOSED ON PERSONS WITH A CONFLICT SUCH AS ABSTAINING FROM VOTING ON THE ITEM IN QUESTION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. OTHER FEES FORM 990, PART IX, LINE 11G CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 169,624. MANAGEMENT AND GENERAL EXPENSES 115,508. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 285,132. PAYROLL SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 4,116. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,116. THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT OR SELECTION PROCESS DURING 2012.