2026-03-24T19:50:27-05:00 2025-12-31 232585468 SD ASSOCIATES PC 300 YORKTOWN PLAZA ELKINS PARK PA 190271427 990 2025-01-01 232973751 PASSYUNK AVENUE REVITALIZATION CORPORATION PASS 2155515111 1134 TITAN STREET PHILADELPHIA PA 19147 ALEX BALLOON EXECUTIVE DIRECTOR 2155515111 2026-03-24 1 KEITH J DROBNES P01217127 2155175600 2026-03-24 2025 2025-03-06 01:10:19Z ALEX BALLOON 1134 TITAN STREET PHILADELPHIA PA 19147 1832693 0 X WWW.PASSYARC.COM X 1999 PA NON-PROFIT REAL ESTATE DEVELOPMENT/MANAGEMENT COMPANY AND PUBLIC SPACE MAINTENANCE 10 10 1 0 0 0 627239 987390 733799 756877 40177 27838 62287 60588 1463502 1832693 0 0 0 0 120268 132663 0 0 10881 1459704 1863952 1579972 1996615 -116470 -163922 6779264 6572498 1820855 1778011 4958409 4794487 PASSYUNK AVENUE REVITALIZATION CORPORATION ("PARC") IS A NONPROFIT CHARITABLE ORGANIZATION WHOSE MISSION IS TO PROVIDE COMMUNITY SERVICES FOR NEIGHBORHOODS ALONG THE EAST PASSYUNK AVENUE CORRIDOR IN SOUTH PHILADELPHIA 0 0 1878299 756877 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 AND SAFEENVIRONMENT. THE ORGANIZATION PROVIDES CLEANING SERVICES IN A PARTNERSHIP WITH THE CITY OF PHILADELPHIA IN THE WASHINGTON AVENUE, BROAD STREET AND SNYDER AVENUE AREAS, WORKING TOWARDS THE GOAL TO REDUCE LITTER AND ILLEGAL DUMPING AND PROVIDE A CLEAN APPEARANCE FOR BOTH RESIDENTS AND VISITING PUBLIC AND CREATE EMPLOYMENT OPPORTUNITIES. THE ORGANIZATION PROVIDES PRIMARY SIDEWALK CLEANING SUPPORT FOR THE EAST PASSYUNK AVENUE BUSINESS IMPROVEMENT DISTRICT. 1878299 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 8 0 1 1 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 PA X ALEX BALLOON 2155515111 1134 TITAN STREET PHILADELPHIA PA 19147 PETER ANGELIDES CHAIRMAN 5.00 X X 0 0 0 LAURA SLUTSKY MEMBER 1.00 X X 0 0 0 SARAH ANTON SECRETARY 1.00 X X 0 0 0 JENNIFER DOUGHERTY TREASURER 1.00 X X 0 0 0 DIMITRIA DAVENPORT MEMBER 0.25 X 0 0 0 MARIA SOURBEER VICE CHAIRMAN 0.25 X 0 0 0 BRANDON TUBBY MEMBER 0.25 X 0 0 0 JULIE DONOFRIO MEMBER 0.25 X 0 0 0 ANDREW STOBER MEMBER 0.25 X 0 0 0 MATT STEIN MEMBER 0.25 X 0 0 0 ALEX FELDMAN MEMBER 0.25 X 0 0 0 ALEX BALLOON EXECUTIVE DIR. 40.00 X 120200 0 0 120200 0 0 1 0 0 0 ACAM MANAGEMENT CO 401 S 2ND ST SUITE 204 PHILADELPHIA PA 19147 CLEANING SERVICE 994398 1 987390 987390 RENTAL INCOME 531110 666608 666608 FEE INCOME 900099 90269 90269 756877 27838 27838 REIMBURSED EXPENSES 900099 53180 53180 TAX REIMBURSEMENTS 900099 7408 7408 60588 1832693 845303 0 0 120200 96160 18030 6010 2585 2068 388 129 9878 7902 1482 494 19750 15800 3950 69274 55419 13855 53573 42859 8036 2678 31374 25098 4706 1570 13271 10617 2654 237256 189805 47451 34417 27534 6883 COMMUNITY BEAUTIFICATIO 1094582 1094582 0 0 RENTAL EXPENSES 304455 304455 0 0 BAD DEBT EXPENSE 6000 6000 0 0 1996615 1878299 107435 10881 154704 143430 805409 751190 110542 122679 38392 35942 8407558 3096374 5461914 5311184 208303 208073 6779264 6572498 106088 87679 37775 39150 1596279 1546888 80713 104294 1820855 1778011 X 4958409 4794487 4958409 4794487 6779264 6572498 -163922 0 X X 1 X 0 1 0 X 313380 298765 486830 627239 987390 2713604 761218 762888 753895 733799 756877 3768677 1074598 1061653 1240725 1361038 1744267 6482281 0 0 0 6482281 9387 4874 18922 36086 27838 97107 9387 4874 18922 36086 27838 97107 20445 55569 58607 66378 60588 261587 1104430 1122096 1318254 1463502 1832693 6840975 0.94760 0.91690 0.01420 0.01390 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 343756 343756 7691302 2868446 4822856 309921 227928 81993 62579 62579 5311184 LEASE LIABILITIES 18224 DEPOSITS 86070 104294 X PART X, LINE 2: THE ORGANIZATION BELIEVES IT HAS NOT ENGAGED IN ANY ACTIVITIES FOR WHICH ITS TAX-EXEMPT STATUS WOULD NOT BE SUSTAINED UNDER EXAMINATION FOR THE YEAR ENDED DECEMBER 31, 2025. FORM 990, PART VI, SECTION A, LINE 1A LINE 1A EXPLANATION - EXECUTIVE COMMITTEE-CHAIRPERSON, VICE-CHAIRPERSON, SECRETARY & TREASURER CAN VOTE IN EMERGENCY SITUATIONS THEN BRING THE MEASURE TO THE NEXT FULL BOARD MEETING. THE EXECUTIVE COMMITTEE SHALL NOT HAVE ANY POWER OR AUTHORITY AS TO THE FOLLOWING: (A)THE CREATION OR FILLING OF VACANCIES IN THE BOARD; (B)THE ADOPTION, AMENDMENT OR REPEAL OF THE BYLAWS; (C)THE AMENDMENT OR REPEAL OF ANY RESOLUTIONS OF THE BOARD THAT BY ITS TERMS IS AMENDABLE OR REPEALABLE ONLY BY THE BOARD; OR (D)ACTION ON MATTERS COMMITTED BY THE BYLAWS OR A RESOLUTION OF THE BOARD EXCLUSIVELY TO ANOTHER COMMITTEE OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - THE DRAFT FORM 990 IS REVIEWED BY THE ENTIRE BOARD PRIOR TO THE NEXT BOARD MEETING AFTER COMPLETION OF THE FORM 990, AND PROVIDED DURING THE SAME TIME. THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO COMPLETE ANNUAL CONFLICT OF INTEREST STATEMENTS, WHICH ARE TRACKED BY THE EXECUTIVE DIRECTOR. ANY NEW VENDORS OR STAFF ARE VETTED BY STAFF TO DETERMINE IF THERE ARE ANY CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION IS PRESENTED TO THE BOARD FOR REVIEW/APPROVAL AT A BOARD MEETING. ALL THE BOARD MEMBERS PARTICIPATE IN THIS PROCESS. COST OF LIVING INCREASE IS CONSIDERED AND ADDED TO THE COMPENSATION OF THE OFFICER. THE DELIBERATION AND FINAL DECISION ARE TIMELY DOCUMENTED AS PART OF THE MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS, POLICIES AND TAX FILINGS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: NO CHANGES TO THE REVIEW PROCESS PERFORMED BY MANAGEMENT IN THE CURRENT YEAR.