CASA FARNESE INC: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization: CASA FARNESE INC (EIN 23-1668087)
Tax period: 2022-01-01 to 2022-12-31
Filed: 2023-08-01
IRS object ID: 202302139349300135
Schema version: 2022v5.0
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
Schedule A
Schedule B
Schedule D
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2023-08-01T09:33:59-05:00	ReturnTs
Tax Period End	2022-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	410746749	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	CLIFTONLARSONALLEN LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	150 S WARNER ROAD SUITE 310	AddressLine1Txt
City	KING OF PRUSSIA	CityNm
State Abbreviation	PA	StateAbbreviationCd
ZIP	19406	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2022-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	231668087	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	CASA FARNESE INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	CASA	BusinessNameControlTxt
Phone	2157353858	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1300 LOMBARD STREET	AddressLine1Txt
City	PHILADELPHIA	CityNm
State Abbreviation	PA	StateAbbreviationCd
ZIP	19147	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	JOSEPH H JACOVINI	PersonNm
Person Title	CHAIRMAN	PersonTitleTxt
Phone	2157353858	PhoneNum
Signature	2023-07-26	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	JOSEPH	PersonFirstNm
Person Last	JACOVINI	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	0	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	VICKI RAIVITCH	PreparerPersonNm
PTIN	P00075336	PTIN
Phone	2156433900	PhoneNum
Preparation	2023-06-08	PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	2	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2022	TaxYr
Build TS	2023-04-26 12:10:37Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	JOSEPH H JACOVINI	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1300 LOMBARD STREET	AddressLine1Txt
City	PHILADELPHIA	CityNm
State Abbreviation	PA	StateAbbreviationCd
ZIP	19147	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$4,183,699	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	N/A	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1962	FormationYr
Legal Domicile State	DE	LegalDomicileStateCd
Activity Or Mission	PROVIDE LOW AND MODERATE INCOME HOUSING TO 288 SENIOR CITIZENS, THROUGH APARTMENT RENTALS	ActivityOrMissionDesc
Voting Members Governing Body	15	VotingMembersGoverningBodyCnt
Voting Members Independent	15	VotingMembersIndependentCnt
Total Employee	11	TotalEmployeeCnt
Total Volunteers	18	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$9,500	CYContributionsGrantsAmt
PY Program Service Revenue	$3,957,881	PYProgramServiceRevenueAmt
CY Program Service Revenue	$4,045,056	CYProgramServiceRevenueAmt
PY Investment Income	$306	PYInvestmentIncomeAmt
CY Investment Income	$313	CYInvestmentIncomeAmt
PY Other Revenue	$142,988	PYOtherRevenueAmt
CY Other Revenue	$128,830	CYOtherRevenueAmt
PY Total Revenue	$4,101,175	PYTotalRevenueAmt
CY Total Revenue	$4,183,699	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$1,634	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$681,188	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$701,422	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$2,913,702	PYOtherExpensesAmt
CY Other Expenses	$3,125,577	CYOtherExpensesAmt
PY Total Expenses	$3,594,890	PYTotalExpensesAmt
CY Total Expenses	$3,828,633	CYTotalExpensesAmt
PY Revenues Less Expenses	$506,285	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$355,066	CYRevenuesLessExpensesAmt
Total Assets BOY	$16,828,224	TotalAssetsBOYAmt
Total Assets EOY	$16,763,275	TotalAssetsEOYAmt
Total Liabilities BOY	$10,801,909	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$10,381,894	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$6,026,315	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$6,381,381	NetAssetsOrFundBalancesEOYAmt
Mission	APARTMENT RENTAL - TO PROVIDE LOW TO MODERATE INCOME HOUSING TO SENIOR CITIZENS IN ACCORDANCE WITH HUD GUIDELINES	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$3,532,561	ExpenseAmt
Grant	$1,634	GrantAmt
Revenue	$4,045,056	RevenueAmt
Desc	THE ORGANIZATION PROVIDES LOW TO MODERATE INCOME HOUSING T0 288 SENIOR CITIZENS IN ACCORDANCE WITH HUD GUIDELINES.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Expense	$52,236	ExpenseAmt
Grant	$0	GrantAmt
Revenue	$0	RevenueAmt
Desc	THE ORGANIZATION PROVIDES A COORDINATOR OF SERVICES TO PROVIDE VARIOUS SOCIAL SERVICES TO RESIDENTS.	Desc

Field	Value	IRS element (for citing)
Total Program Service Expenses	$3,584,797	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	0	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	0	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	0	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	14	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	11	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	15	GoverningBodyVotingMembersCnt
Independent Voting Member	15	IndependentVotingMemberCnt
Family Or Business Rln	Yes (1)	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	Yes (1)	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	0	CompensationProcessCEOInd
Compensation Process Other	0	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	PA	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	PRD MANAGEMENT	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	8564861990	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	587 HADDON AVE	AddressLine1Txt
City	COLLINGSWOOD	CityNm
State Abbreviation	NJ	StateAbbreviationCd
ZIP	08108	ZIPCd

Field	Value	IRS element (for citing)
No Listed Persons Compensated	Yes (X)	NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (15 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt
ANNETTE RIZZO
PRESIDENT	3.00	Yes (X)	Yes (X)	$0	$0	$0
JOSEPH H JACOVINI ESQUIRE
CHAIRMAN	3.00	Yes (X)	Yes (X)	$0	$0	$0
DAVID JACOVINI
TREASURER	0.30	Yes (X)	Yes (X)	$0	$0	$0
DAVID P DALESANDRO ESQUIRE
SECRETARY	0.30	Yes (X)	Yes (X)	$0	$0	$0
EILEEN M COGGINS
BOARD MEMBER	0.30	Yes (X)		$0	$0	$0
DINA DELLA DUCATA
BOARD MEMBER	0.30	Yes (X)		$0	$0	$0
TONY EWING
BOARD MEMBER	0.30	Yes (X)		$0	$0	$0
LAWRENCE FARNESE JR
BOARD MEMBER	0.30	Yes (X)		$0	$0	$0
DR ALFRED IEZZI
BOARD MEMBER	0.30	Yes (X)		$0	$0	$0
DAVID KIMMEL
BOARD MEMBER	0.30	Yes (X)		$0	$0	$0
DOMINIC S LIBERI ESQUIRE
BOARD MEMBER	0.30	Yes (X)		$0	$0	$0
DIANE MENIO
BOARD MEMBER	0.30	Yes (X)		$0	$0	$0
CAROL A TAMBURINO
BOARD MEMBER	0.30	Yes (X)		$0	$0	$0
LAURA VALENTI
BOARD MEMBER	0.30	Yes (X)		$0	$0	$0
JEAN WANG
BOARD MEMBER	0.30	Yes (X)		$0	$0	$0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$0	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$0	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	0	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	0	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
RIVER MECHANICAL SERVICES INC
605 W ASHLAND AVENUE	GLENOLDEN	PA	19036	CONTRACTING SERVICES	$542,285
OTIS ELEVATOR CORPORATION
PO BOX 1371	NEWARK	NJ	07188	SPRINKLER PROJECT	$428,477
BATH SAVER INC
542 INDUSTRIAL DRIVE	LEWISBERRY	PA	17339	CONTRACTING SERVICES	$194,262
OPS SECURITY GROUP
1500 S CHRISTOPHER COLUMBUS BLVD 6	PHILADELPHIA	PA	19147	SECURITY SERVICES	$176,933
ELECTRONIC SECURITY GROUP
5115 CAMPUS DRIVE	PLYMOUTH MEETING	PA	19462	CONTRACTING SERVICES	$144,188

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	7	CntrctRcvdGreaterThan100KCnt
All Other Contributions	$9,500	AllOtherContributionsAmt
Total Contributions	$9,500	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

Field	Value	IRS element (for citing)
Desc	RENTAL INCOME	Desc
Business	531110	BusinessCd
Total Revenue Column	$4,045,056	TotalRevenueColumnAmt
Related Or Exempt Func Income	$4,045,056	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$4,045,056	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$313	TotalRevenueColumnAmt
Exclusion	$313	ExclusionAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$99,100	RealAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Real	$0	RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$99,100	RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$99,100	TotalRevenueColumnAmt
Exclusion	$99,100	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	ExclusionExclusionAmt
LAUNDRY INCOME	812300	$29,200	$29,200
LATE CHARGES & OTHER	812900	$530	$530

Field	Value	IRS element (for citing)
Other Revenue Total	$29,730	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$4,183,699	TotalRevenueColumnAmt
Related Or Exempt Func Income	$4,045,056	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$129,143	ExclusionAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part IX	Yes (X)	InfoInScheduleOPartIXInd

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$1,634	TotalAmt
Program Services	$1,634	ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$542,563	TotalAmt
Program Services	$542,563	ProgramServicesAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$117,016	TotalAmt
Program Services	$117,016	ProgramServicesAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$41,843	TotalAmt
Program Services	$41,843	ProgramServicesAmt

Fees For Services Management FeesForServicesManagementGrp

Field	Value	IRS element (for citing)
Total	$212,987	TotalAmt
Management And General	$212,987	ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$48,221	TotalAmt
Program Services	$48,221	ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$67,863	TotalAmt
Program Services	$37,014	ProgramServicesAmt
Management And General	$30,849	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$590,267	TotalAmt
Program Services	$590,267	ProgramServicesAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$403	TotalAmt
Program Services	$403	ProgramServicesAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$63,080	TotalAmt
Program Services	$63,080	ProgramServicesAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$356,674	TotalAmt
Program Services	$356,674	ProgramServicesAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$413,921	TotalAmt
Program Services	$413,921	ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$1,048,313	TotalAmt
Program Services	$1,048,313	ProgramServicesAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$161,007	TotalAmt
Program Services	$161,007	ProgramServicesAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt
REPAIRS & MAINTENANCE	$84,640	$84,640
SUPPLIES	$75,460	$75,460
BAD DEBTS	$2,741	$2,741

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$3,828,633	TotalAmt
Program Services	$3,584,797	ProgramServicesAmt
Management And General	$243,836	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$587,110	BOYAmt
EOY	$388,836	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$1,862,885	BOYAmt
EOY	$1,795,939	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$44,316	BOYAmt
EOY	$15,965	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$127,807	BOYAmt
EOY	$132,909	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$27,536,337	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$13,228,969	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$14,087,373	BOYAmt
EOY	$14,307,368	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$118,733	BOYAmt
EOY	$122,258	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$16,828,224	BOYAmt
EOY	$16,763,275	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$366,377	BOYAmt
EOY	$152,482	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$20,697	BOYAmt
EOY	$16,780	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$10,296,102	BOYAmt
EOY	$10,090,374	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$118,733	BOYAmt
EOY	$122,258	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$10,801,909	BOYAmt
EOY	$10,381,894	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$6,026,315	BOYAmt
EOY	$6,381,381	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$6,026,315	BOYAmt
EOY	$6,381,381	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$16,828,224	BOYAmt
EOY	$16,763,275	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$355,066	ReconcilationRevenueExpnssAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org509a2	Yes (X)	PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$4,000	CurrentTaxYearMinus4YearsAmt
Current Tax Year	$9,500	CurrentTaxYearAmt
Total	$13,500	TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$3,771,064	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$3,833,547	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$3,900,579	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$3,957,881	CurrentTaxYearMinus1YearAmt
Current Tax Year	$4,045,056	CurrentTaxYearAmt
Total	$19,508,127	TotalAmt

Gross Receipts Non Unrlt Bus GrossReceiptsNonUnrltBusGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$31,335	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$30,125	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$29,145	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$28,130	CurrentTaxYearMinus1YearAmt
Current Tax Year	$29,200	CurrentTaxYearAmt
Total	$147,935	TotalAmt

Total509 Total509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$3,806,399	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$3,863,672	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$3,929,724	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$3,986,011	CurrentTaxYearMinus1YearAmt
Current Tax Year	$4,083,756	CurrentTaxYearAmt
Total	$19,669,562	TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Field	Value	IRS element (for citing)
Public Support Total509	$19,669,562	PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$121,416	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$121,405	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$123,113	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$114,806	CurrentTaxYearMinus1YearAmt
Current Tax Year	$99,413	CurrentTaxYearAmt
Total	$580,153	TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$121,416	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$121,405	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$123,113	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$114,806	CurrentTaxYearMinus1YearAmt
Current Tax Year	$99,413	CurrentTaxYearAmt
Total	$580,153	TotalAmt

Other Income509 OtherIncome509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus3 Years	$120,484	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$883	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$358	CurrentTaxYearMinus1YearAmt
Current Tax Year	$530	CurrentTaxYearAmt
Total	$122,255	TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$3,927,815	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$4,105,561	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$4,053,720	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$4,101,175	CurrentTaxYearMinus1YearAmt
Current Tax Year	$4,183,699	CurrentTaxYearAmt
Total	$20,371,970	TotalAmt

Field	Value	IRS element (for citing)
Public Support CY509	0.96550	PublicSupportCY509Pct
Public Support PY509	0.96230	PublicSupportPY509Pct
Investment Income CY	0.02850	InvestmentIncomeCYPct
Investment Income PY	0.03140	InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509	Yes (X)	ThirtyThrPctSuprtTestsCY509Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:	FormAndLineReferenceDesc
Explanation	OVERPAYMENT ON RESERVE - 2019 AMOUNT: $ 119,350. LATE CHARGES OTHER - 2019 AMOUNT: $ 1,134. 2020 AMOUNT: $ 883. 2021 AMOUNT: $ 358. 2022 AMOUNT: $ 530.	ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$369,038	OtherCostOrOtherBasisAmt
Book Value	$369,038	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$25,604,572	OtherCostOrOtherBasisAmt
Depreciation	$12,002,091	DepreciationAmt
Book Value	$13,602,481	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,562,727	OtherCostOrOtherBasisAmt
Depreciation	$1,226,878	DepreciationAmt
Book Value	$335,849	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$14,307,368	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	TENANT SECURITY DEPOSITS	Desc
Amt	$122,258	Amt

Field	Value	IRS element (for citing)
Total Liability	$122,258	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$4,188,699	TotalRevEtcAuditedFinclStmtAmt
Other Revenue	$5,000	OtherRevenueAmt
Revenue Not Reported	$5,000	RevenueNotReportedAmt
Revenue Subtotal	$4,183,699	RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$4,183,699	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$3,833,633	TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included	$5,000	OtherExpensesIncludedAmt
Expenses Not Reported	$5,000	ExpensesNotReportedAmt
Expenses Subtotal	$3,828,633	ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$3,828,633	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
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. NO PROVISION FOR INCOME TAXES HAS BEEN INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION UTILIZES THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS. THE APPLICATION OF THIS STANDARD HAD NO IMPACT ON THE FINANCIAL STATEMENTS. THE PROJECT IS ALSO EXEMPT FROM PHILADELPHIA REAL ESTATE TAXES. THE PROJECT'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES.
PART XI, LINE 2D - OTHER ADJUSTMENTS:	REVERSE INTERNAL DONATION 5,000.
PART XII, LINE 2D - OTHER ADJUSTMENTS:	REVERSE INTERNAL DONATION 5,000.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 2	JOSEPH H. JACOVINI, CHAIRMAN, AND DAVID JACOVINI, TREASURER, HAVE A FAMILY RELATIONSHIP.
FORM 990, PART VI, SECTION A, LINE 3	THE ORGANIZATION USES PRD MANAGEMENT, INC., (PRD) TO MANAGE ITS OPERATIONS. PRD'S DUTIES INCLUDE HIRING, SUPERVISING, DIRECTING, DISCHARGING AND DETERMINING THE COMPENSATION OF ALL EMPLOYEES AND MANAGING THE RENTAL AND MAINTENANCE OF UNITS WITHIN THE BUILDING.
FORM 990, PART VI, SECTION B, LINE 11B	THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND THEN REVIEWED AND APPROVED BY THE FINANCE COMMITTEE. THE FINAL VERSION OF THE FORM 990 IS DISTRIBUTED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE.
FORM 990, PART VI, SECTION B, LINE 12C	THE CONFLICT OF INTEREST POLICY APPLIES TO ALL DIRECTORS, OFFICERS, COMMITTEE MEMBERS AND ALL EMPLOYEES OR STAFF MEMBERS OF THE ORGANIZATION THAT HOLD SENIOR MANAGEMENT POSITIONS. A POTENTIAL CONFLICT MUST BE DISCLOSED TO THE DIRECTORS OR ANY OTHER ORGANIZATION PERSONS CONSIDERING A PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE, THE INTERESTED PERSON SHALL NOT PARTICIPATE IN THE DECISION BY THE ORGANIZATION REGARDING THE MATTER UNDER CONSIDERATION. AFTER EXERCISING DUE DILIGENCE, THE ORGANIZATION SHALL DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF NOT, THE BOARD SHALL DETERMINE BY A MAJORITY VOTE OF THE DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION, THE BOARD SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. ANNUAL DISCLOSURE IS REQUIRED, AND THE CONFLICT OF INTEREST POLICY INCLUDES A DUTY TO DISCLOSE ACTUAL OR POTENTIAL CONFLICTS AS THEY ARISE.
FORM 990, PART VI, SECTION B, LINE 15	THE ORGANIZATION DOES NOT COMPENSATE ANY INDIVIDUAL THAT MEETS THE INTERNAL REVENUE SERVICE DEFINITION OF TOP MANAGEMENT OFFICIAL, OFFICER, OR KEY EMPLOYEE.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART IX, LINE 11G	OTHER PURCHASED SERVICES: PROGRAM SERVICE EXPENSES 590,267. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 590,267.