2026-05-14T19:36:47-07:00 2025-06-30 990 2024-07-01 232734102 NEWCOURTLAND NEWC 2159514290 6970 Germantown Ave Philadelphia PA 19119 Michael DeMarco CFO 2159514290 2026-05-14 1 2024 2025-03-06 01:10:19Z Michael P DeMarco 6970 Germantown Avenue Philadelphia PA 19119 14941705 0 X newcourtland.org X 1993 PA Accelerate access to coordinated health, housing and social services for underserved populations. This is achieved through ongoing development of well trained and valued staff, investment in innovative solutions, and collaborations to build trust in the community. 4 3 39 0 0 0 4666780 5430627 3582459 2608120 1033636 4886013 1735180 2014305 11018055 14939065 178070 343743 0 0 5904461 6589891 0 0 0 13756239 13025504 19838770 19959138 -8820715 -5020073 113924251 172483677 142010151 205894860 -28085900 -33411183 X Accelerate access to coordinated health, housing and social services for underserved populations. This is achieved through ongoing development of well trained and valued staff, investment in innovative solutions, and collaborations to build trust in the community. 0 0 1225480 0 2949007 Provides management, administrative and financial services to organizations that care for the elderly, homeless and veterans through a nursing home, assisted and independent living facilities, skilled nursing care and other elder care organizations. As of June 30, 2025 NewCourtland is the supporting organization for 19 affiliates that provide services and housing to the elderly in Philadelphia. 71884 0 0 NewCourtland issued a grant payable to Allegheny West Foundation 0 0 0 0 0 0 0 1297364 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 1 129 0 1 39 1 0 0 0 0 0 0 0 0 X 4 3 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 X NewCourtland 2159514242 6970 Germantown Ave Philadelphia PA 19119 Joseph Duffey Chairman of the Board 39 1 X X 400316 0 84896 Michael DeMarco CFO 39 1 X 275127 0 76464 Robert Kent VP Operations & Plans 39 1 X 254187 0 74329 Pamela Howard VP Health Services 39 1 X 231041 0 73576 Paul Funaro VP Utilization Management 39 1 X 233193 0 66147 Kevin Stewart Director of IT 35 5 X 175477 0 31237 John Ungar Corporate Counsel and Director of Planning 20 20 X 145496 0 29889 Stephen Grim Director of Accounting & Asset Management 20 20 X 141529 0 24582 Tara Days Director of Human Resources 40 0 X 135115 0 13527 Brenda Jackson Controller 39 1 X 131718 0 13527 Alison Corter Director of Business Development 40 1 X 136424 0 5638 Steve Mullin Treasurer 1 3 X X 76025 0 0 Mary Naylor Secretary 1 3 X X 76025 0 0 Neil Pitts Board Member 1 4 X 0 0 0 Andrew Seibert Assist. Secretary and Treasurer (Chief Financial Officer) 0 0 X 0 0 0 2411673 0 493812 17 1 1 0 O'Dell Studner Group 200 NORTH WARNER ROAD SUITE 450 KING OF PRUSSIA PA 19406 Insurance Broker 1494161 Ultimate Software Group PO BOX 930953 ATLANTA GA 31193 Payroll Services 126179 HARTFORD LIFE AND ACCIDENT ONE HARTFORD PLAZA Hartfod CT 06155 3rd Party Provider of Employee Disability and Life Insurance 122646 CONSTELLATION NEW ENERGY INC PO BOX 4640 CAROL STREAM IL 60197 3rd Party Gas Provider 104364 Veritas Health Systems Inc PO Box 20 Flourtown PA 19031 Executive Management 100001 5 0 0 0 4600000 0 830627 0 5430627 Management Fee Affilliated 561000 1950219 1950219 0 0 Developer Fee 531390 532457 532457 0 0 Non Affiliated Management Fee 624000 125444 125444 0 0 0 0 0 0 2608120 4886013 287870 0 4598143 0 0 0 0 0 0 0 0 1808937 0 0 0 1808937 0 1808937 875199 0 933738 0 0 0 2758 2640 118 118 0 0 Wells Fargo Credit Card Rewards 551110 32402 32402 0 0 Consulting Revenue for Mainline engagement 541200 39718 39718 0 0 United Healtcare Program Revenue 624200 48647 48647 0 0 84483 84483 0 0 205250 14939065 3976557 0 5531881 343743 343743 0 0 0 0 0 0 1595552 0 1595552 0 0 0 0 0 3609278 0 3609278 0 348979 0 348979 0 686905 0 686905 0 349177 0 349177 0 866158 552489 313669 0 75969 0 75969 0 184584 0 184584 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 363557 0 363557 0 44555 0 44555 0 516447 0 516447 0 0 0 0 0 1889341 1889341 0 0 0 0 0 0 0 0 0 75193 0 75193 0 7118073 0 7118073 0 0 0 0 0 759355 0 759355 0 156576 156576 0 Employee Rel/Training/Pre Employment Testing 99849 0 99849 0 Bank Fees 174652 0 174652 0 Payroll Services 106058 0 106058 0 Mission and Comfort & Joy 401132 401132 0 0 194005 0 194005 0 19959138 1297364 18661774 0 5824217 5224805 0 0 0 0 4686967 4914009 0 0 0 0 45794453 52742099 0 0 161506 225426 35050685 12211912 13824422 22838773 0 0 0 0 2763036 2887452 0 0 40869650 83651113 113924251 172483677 2870137 5618804 1000000 1131742 0 0 0 0 139333429 134317311 -1193415 64827003 142010151 205894860 X -28085900 -33411183 0 0 -28085900 -33411183 113924251 172483677 X -5020073 0 0 0 0 -305210 X 0 1 1 0 X X 14 Germantown Home 232310085 7 1 10627117 0 NC Properties Inc 264193468 7 1 158232 0 Apartments at Henry Avenue Inc 822801763 7 1 0 0 Apartments at Henry 1B Inc 825473181 7 1 0 0 Cliveden Apartments 271085598 7 1 0 0 Philadelphia Senior Center 231619019 7 1 8347 0 Evangelical Senior Housing (Manor Glen) 232840567 10 1 0 0 Frankford Senior Housing Associates (Meadow House) 232718494 10 1 102976 0 Apartments at Allegheny II Inc 474579730 7 1 0 0 Pilgrim Gardens Senior Housing 753258108 7 1 0 0 Germantown Section 811 752975044 7 1 0 0 Apartments at Allegheny Inc 463510381 7 1 0 0 Apartments at Saint Bartholomew Inc 812580760 7 1 0 0 Apartments at Saint Bartholomew Phase 2 Inc 812589949 7 1 0 0 14 10896672 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 8073781 0 8073781 17983426 0 4980197 13003229 54167 0 41414 12753 8939311 0 7190301 1749010 0 0 0 0 22838773 NMTC Loans 12753000 Restricted Funds - Affiliated 69715916 Pre Development Costs on Construction Projects for Affiliates 190038 Investment in Joint Venture 77320 PIDC Interest Reserve and WF Credit Card Escrow 512686 Escrow Bank Accounts Related to Affiliated Financing 265550 Escrow Bank Deposits - PA Unemployment Escrow 109808 Rent Subsidy 1795 PMA Escrow 25000 83651113 0 Intercompany 64827003 64827003 1 Allegheny West Foundation 2330 West Allegheny Avenue Philadelphia PA 19132 231924667 71884 0 N/A N/A Allegheny West Foundation grant provides operational funding for food acquisition for individual experiencing food insecurity in North Philadelphia. 0 1 Schedule I, Part I, Line 2 NewCourtland will review the financial records and enters into an agreement with grantee. X X X 0 0 0 0 0 0 0 0 0 Joseph Duffey Chairman of the Board 400316 0 0 0 0 0 53500 0 31396 0 485212 0 0 0 Michael DeMarco CFO 275127 0 0 0 0 0 51981 0 24483 0 351591 0 0 0 Robert Kent VP Operations & Plans 254187 0 0 0 0 0 49846 0 24483 0 328516 0 0 0 Paul Funaro VP Utilization Management 233192 0 0 0 0 0 34831 0 31386 0 299409 0 0 0 Pamela Howard VP Health Services 231041 0 0 0 0 0 44959 0 28617 0 304617 0 0 0 Schedule J, Part I, Line 3 Officers and the Board of Directors review executive/management compensation. A comparative analysis of salaries and benefits paid by other non-profit organization in the area is prepared for review. Independent compensation consultants are asked to assist in the review. In regards to executive compensation, the independent and non-compensated Directors discuss privately and vote as a separate group on the compensation package provided to top executive management. Alison Corter Daughter of Board Member 142062 Salary & 403b Compensation 0 Veritas Former Assistant Treasurer 100001 Termination fee for Management Services 0 Form 990, Part III, Line 2 NewCourtland entered into an agreement to become a fiscal sponsor of Nerdy Girl Nation, a Texas nonprofit corporation, whose mission is to disseminate trustworthy and time health and scientific information to the public. NewCourtland became affiliated with Nerdy Girl Nation through board control. Form 990, Part VI, Section A, Line 2 Board Member, Dr. Naylor, is the mother of Alison Corter, Director of Business Development. Ms. Corter is employed by NewCourtland. Form 990, Part VI, Section B, Line 11b Form 990 is approved and filed by the Treasurer and subsequently presented to the full Board of Directors for their approval. Form 990, Part VI, Section B, Line 12c At regularly scheduled meetings of the Board of Directors, "Conflicts of Interests" are addressed, if any. Form 990, Part VI, Section B, Line 15 Officers and the Board of Directors review executive/management compensation. A comparative analysis of salaries and benefits paid by other non-profit organization in the area is prepared for review. Independent compensation consultants are asked to assist in the review. In regards to executive compensation, the independent and non-compensated Directors discuss privately and vote as a separate group on the compensation package provided to top executive management. Form 990, Part VI, Section C, Line 19 Upon Request Form 990, Part XI, Line 9 ($1,281,858) represents PSC II loan forgiveness as a loss; ($8,127,232) represents Henry LIFE loan forgiveness; ($74,655) represents NewCourtland's share of Joint venture net loss; Transfer of St Barts LIFE Equity $9,178,538. Tower at Henry LLC 3232 Henry Avenue Philadelphia PA 19129 334705222 Real Estate Primarily Residential and Some Commercial PA 0 66590823 NewCourtland Germantown Home 6950 Germantown Avenue Philadelphia PA 19119 232310085 Skilled Nursing Facility PA 501(c)(3) 170(b)(1)(A)(vi) NewCourtland The Presbyterian Foundation of Philadelphia 6970 Germantown Avenue Philadelphia PA 19119 222524368 Supporting organization of NewCourtland Elder Services PA 501(c)(3) 509(a)(3) - Type II N/A Germantown Home Section 202 6970 Germantown Avenue Philadelphia PA 19119 752976363 Affordable Housing for the Elderly PA 501(c)(3) 170(b)(1)(A)(iv) NewCourtland Germantown Home Section 811 6970 Germantown Avenue Philadelphia PA 19119 752975044 Affordable Housing for the Elderly PA 501(c)(3) 170(b)(1)(A)(vi) NewCourtland Philadelphia Senior Center 509 South Broad Street Philadelphia PA 19147 231619019 Senior Center PA 501(c)(3) 170(b)(1)(A)(vi) NewCourtland NewCourtland at Allegheny Inc 6970 Germantown Avenue Philadelphia PA 19119 460812150 Corporaton holding title to property PA 501 (c)(2) NewCourtland 0 NewCourtland Properties Inc 6970 Germantown Avenue Philadelphia PA 19119 264194368 Corporation holding title to property PA 501(C)(2) NewCourtland 0 NewCourtland LIFE at Saint Bartholomew Inc 6970 Germantown Avenue Philadelphia PA 19119 812461553 Hold Land and Property PA 501(c)(3) 509(a)(3) NewCourtland NewCourtland Primary Care 6970 Germantown Avenue Philadelphia PA 19119 472491709 Physican and Clinical care PA 501(c)(3) 509(a)(2) NewCourtland Frankford Senior Housing Associates (Meadow House) 4649 Paul St Philadelphia PA 19124 232718494 Low Income Senior Housing PA 501(c)(3) NewCourtland Evangelical Senior Housing (Manor Glenn) 8403 Roosevelt Blvd Philadelphia PA 19152 232648022 Low Income Senior Housing PA 501(c)(3) NewCourtland Cliveden Properties Inc 301-305 West Johnson Street Philadelphia PA 19144 271085598 Affordable Housing for the Elderly PA NewCourtland Related 0 1 0.0001 NewCourtland Apartments At Cliveden LP 6970 Germantown Avenue Philadelphia PA 19119 271085443 Low Income Housing Tax Credit Apartments PA PNC Tax Credit Capital Institutional Fund 43 LP Related 0 0.999 NewCourtland Apartments at Allegheny LP 6970 Germantown Avenue Philadelphia PA 19119 901013784 Affordable Housing for Elderly PA PNC Tax Credit Capital Institutional Fund 43 lp Related 0 0.999 Apartments at Allegheny Inc 6970 Germantown Avenue Philadelphia PA 19119 463510381 Affordable Housing for Elderly PA NewCourtland Related 1 0.0001 Apartments at Allegheny II Inc 6970 Germantown Avenue Philadelphia PA 19119 474579730 Affordable Housing for the Elderly PA NewCourtland Related 0 1 0.0001 NewCourtland Apartments at Allegheny II LP 6970 Germantown Avenue Philadelphia PA 19119 474563937 Low Income Housing Tax Credit Apartments PA PNC Tax Credit Capital Institutional Fund 43 LP Related 0 0 0.999 Apartments at Saint Bartholomew Inc 6970 Germantown Avenue Philadelphia PA 19119 812580760 Affordable Housing - Low Income Seniors PA NewCourtland Related 0 1 0.0001 NewCourtland Apartments at Saint Bartholomew LP 6970 Germantown Avenue Philadelphia PA 19119 812589803 Low Income Housing Tax Credit Apartments PA Enterprise Housing Partners XXVIII Related 0 0 0.9999 Apartments at Henry Avenue Inc 3232 Henry Avenue Philadelphia PA 19129 822801763 Low Income Senior Housing PA NewCourtland Related 0 1 0.00009 NewCourtland Apartments at Henry Avenue LP 3232 Henry Avenue Philadelphia PA 19129 822807128 Low Income Senior Housing` PA PNC Tax Credit Capital Related 0 0.999 NewCourtland Apartments at Henry Ave 1B LP 6970 Germantown Avenue Philadelphia PA 19119 825499834 Low Income Senior Housing PA PNC Tax Credit Capital Related 0 0 0.9999 Apartments at Henry Ave 1B Inc 6970 Germantown Avenue Philadelphia PA 19119 825473181 Affordable Housing - Low Income Seniors PA NewCourtland Related 0 1 0.00009 NewCourtland at Henry Avenue LLC 6970 Germantown Avenue Philadelphia PA 19119 824516028 Hold Land and Property PA NewCourtland Related 0 1 0.5 NewCourtland at Pennypack LLC 6970 Germantown Avenue Philadelphia PA 19119 832580766 Hold Land and Property PA NewCourtland Related 0 1 0.5 Pilgrim Gardens Senior Housing LP 6970 Germantown Avenue Philadelphia PA 19119 753258108 Low Income Senior Housing PA NewCourtland Related 0 0 0.7398 NewCourtland at Burholme LLC 6970 Germantown Avenue Philadelphia PA 19119 844731418 Low Income Senior Housing PA NewCourtland Related 1 0.0001 NewCourtland Apartments at St Bartholomew Phase 2 LP 6970 Germantown Avenue Philadelphia PA 19119 812590087 Low Income Housing Tax Credit Apartments PA RBC-NewCourtland at St Bart II LLC Related 0 0 0.9999 Apartments at St Barts Phase II Inc 6970 Germantown Avenue Philadelphia PA 19119 812589949 Affordable Housing - Low Income Seniors PA NewCourtlnad Related 0 1 0.00009 0 0 0 1 0 0 0 0 0 0 1 0 0 0 1 0 0 1 1 Extension filed and approved by IRS on 11/12/2025