2020-05-15T11:09:23-07:00 2019-06-30 990 2018-07-01 232734102 NEWCOURTLAND ELDER SERVICE NEWC 2159514290 6970 Germantown Ave Philadelphia PA 19119 Michael DeMarco CFO 2159514290 2020-05-15 50.230.14.170 2018 2020-11-19 02:30:22Z Michael P DeMarco 6970 Germantown Avenue Philadelphia PA 19119 4650021 0 X newcourtland.org X 1993 PA The corporation is organized and operated for the benefit of, to perform the functions of, or to carry out the purpose of The Presbyterian Foundation for Philadelphia (FID#22-2524368), a Pennsylvania nonprofit corporation exempt from federal income tax under section 501(c)(3)of the Code. The corporation primary purpose is to carry out the purposes of the Foundation which are dedicated to directly or indirectly providing for the needs of persons who are sick, disabled, aged or disadvantaged, regardless of their race, color or creed. 3 0 42 0 0 0 2081487 125100 6718559 3031258 505327 702042 0 791621 9305373 4650021 0 0 0 0 5189261 4415017 0 0 0 7857049 12832243 13046310 17247260 -3740937 -12597239 87286185 113919337 112336170 114816215 -25049985 -896878 The corporation is organized and operated for the benefit of, to perform the functions of, or to carry out the purpose of The Presbyterian Foundation for Philadelphia (FID#22-2524368), a Pennsylvania nonprofit corporation exempt from federal income tax under section 501(c)(3)of the Code. The corporation primary purpose is to carry out the purposes of the Foundation which are dedicated to directly or indirectly providing for the needs of persons who are sick, disabled, aged or disadvantaged, regardless of their race, color or creed. 0 0 6522671 3031257 Provides management, administrative and financial services to organizations that care for the elderly - nursing home, assisted and independent living facilities, skilled nursing care and other elder care organizations. As of June 30, 2019 NewCourtland Elder Services is the supporting organization for 15 affiliates that provide services and housing to the elderly in Philadelphia. 0 0 0 6522671 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 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 39 0 1 42 1 0 0 0 0 0 0 0 0 X 3 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X Michael P DeMarco 2159514242 6970 Germantown Ave Philadelphia PA 19119 Joseph Duffey Chairman of the Board 39.00 1.00 X X 34615 0 5263 Steve Mullin Treasurer 39.00 1.00 X X 10000 0 0 Mary Naylor Secretary 35.00 5.00 X X 10000 0 0 Andrew Seibert Assist. Secretary and Treasurer (Chief Financial Officer) 35.00 5.00 X 0 0 16362 Robert Kent VP Operations & Plans 39.00 1.00 X 315259 0 58465 Michael DeMarco VP Finance 39.00 1.00 X 337238 0 78714 Paul Funaro Asst. VP 39.00 1.00 X 240930 0 41992 Kevin Stump Assistant VP of Human Resources 35.00 5.00 X 119666 0 20893 Pam Mammarella VP Communication 35.00 2.00 X X 364628 0 70547 Kevin Stewart Director of IT 35 5.00 X 139385 0 0 Stephen Grim Controller 30.0 10.00 X 114892 0 0 Brenda Jackson Controller 39.00 1.00 X 114653 0 0 Gary Wojchichowski Director of Facilities 10.00 30.00 X 114297 0 0 John Ungar Director/Project Management 30.00 10.00 X 107984 0 0 Gail Kass President 35.00 5.00 X 0 1688487 60368 2023547 1688487 352604 10 1 1 0 Veritas Health Systems Inc PO Box 20 Flourtown PA 19031 Executive Management 873564 PMA INSURANCE GROUP 1232917 PO BOX 824857 Philadelphia PA 19182 Workers Compensation 529311 Blank Rome LLP 130 NORTH 18TH STREET Philadelphia PA 19103 Legal Services 197753 NETZERO MICROGRID SOLUTIONS LLC 4960 S 12TH STREET Philadlephia PA 19112 Consulting Services 104485 Stone Sherick Consulting 230 North 2nd Street Philadelphia PA 19106 Project consulting - Low Income Housing 102581 5 0 0 0 0 0 125100 0 125100 Management Fees - Affliated Organization 623000 1933776 1933776 0 0 Developer Fee 623312 1086503 1086503 0 0 Non Affiliated Management Fee 624000 10979 10979 0 0 0 0 0 0 3031258 702042 702042 0 0 0 0 0 0 0 0 0 0 664145 0 0 0 664145 0 664145 664145 0 0 0 0 0 0 0 0 0 0 0 0 0 127476 127476 0 0 127476 4650021 4524921 0 0 0 0 0 0 0 0 0 0 1080958 0 1080958 0 0 0 0 0 2334894 0 2334894 0 236763 0 236763 0 556299 0 556299 0 206103 0 206103 0 1296729 0 1296729 0 410913 0 410913 0 77051 0 77051 0 0 0 0 0 0 0 0 0 52751 0 52751 0 13841 0 13841 0 357229 0 357229 0 0 0 0 0 920589 0 920589 0 0 0 0 0 0 0 0 0 51543 0 51543 0 2649975 0 2649975 0 6327815 6327815 0 0 241036 0 241036 0 84605 0 84605 0 Consulting - Affordable Housing 194856 194856 0 0 Employee Relations/Training 66833 0 66833 0 Bank Charges & Payroll Service Fees 42637 0 42637 0 Property Taxes 43840 0 43840 0 0 0 0 0 17247260 6522671 10724589 0 3895655 4097117 1511611 0 2185567 6254127 9512229 22340098 210000 287755 11861601 3951356 8768747 7910245 1011056 2573848 60191320 70456147 87286185 113919337 1954144 1339202 77019780 97695100 33362246 15781913 112336170 114816215 X -25049985 -896878 0 0 0 0 -25049985 -896878 87286185 113919337 X -12597239 0 0 0 0 36750346 X 0 1 X 1 0 X X 19 Germantown Home 232310085 7 1 1525163 0 NewCourtland LIFE at Saint Bartholomew 812461553 7 1 744774 0 NC Properties 264193468 7 1 190416 0 Apartments at Saint Bartholomew 812580760 7 0 146363 0 Apartments at Henry Avenue Inc 822801763 7 1 123894 0 Apartments at Allegheny 463510381 7 1 79317 0 Germantown Section 202 752976363 7 1 2527 0 Philadelphia Senior Center 231619019 7 1 0 0 Apartments at Allegheny II 474579730 7 1 0 0 9 2812454 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 Schedule A, Part IV, Section A, Line 5a NewCourtland LIFE Program EIN #14-1949431 was sold on August 7, 2018. 7303786 0 7303786 0 0 0 0 0 0 0 0 4557815 0 3951356 606459 0 0 0 0 7910245 NMTC Loans 36026940 Restricted Fund - Affiliates 30737056 Pre Development Costs on Construction Projects for Affiliates 2791698 Escrow Bank Accounts Related to Affiliated Financing 718669 St. Barts Reserve 97244 PMA Insurance - Escrow 75000 Security Deposits - PA Unemployment Escrow 9540 70456147 0 Intercompany 15781913 15781913 4650021 0 0 0 0 0 4650021 0 0 0 4650021 17247260 0 0 0 0 0 17247260 0 0 0 17247260 0 0 0 0 0 0 0 0 0 Michael DeMarco VP Finance 226002 0 111236 0 0 0 8777 0 69937 0 415952 0 0 0 Robert Kent VP Operations & Plans 197979 0 117281 0 0 0 7115 0 51349 0 373724 0 0 Pam Mammarella VP Communication 244169 0 120459 0 0 0 9181 0 61366 0 435175 0 0 0 Paul Funaro Asst. VP 162023 0 78907 0 0 0 0 0 41992 0 282922 0 0 0 Gail Kass President 0 1456787 0 0 0 231700 0 0 0 60368 0 1748855 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 healthcare providers in the area is prepared for this review. Independent compensation consultants are asked to assist in the review. In regards to top 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. Veritas Health System Assistant Treasurer and CFO 873564 Fee for Management Services provided 0 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" issues 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 healthcare providers in the area is prepared for this review. Independent compensation consultants are asked to assist in the review. In regards to top 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 Due to the sale of the NewCourtland LIFE Program in August 2018, NewCourtland realized a gain on discontinued operations of $36,750,346 Germantown Home 6950 Germantown Avenue Philadelphia PA 19119 232310085 Skilled Nursing Facility PA 501(c)(3) 170(b)(1)(A)(vi) NewCourtland Elder Services 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 NewCourtland Life Program 6970 Germantown Avenue Philadelphia PA 19119 141949431 Comprehensive Health care for the elderly PA 501(c)(3) 170(b)(1)(A)(vi) NewCourtland Elder Services 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 Elder Services 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 Elder Services 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 6970 Germantown Avenue Philadelphia PA 19119 460812150 Corporaton holding title to property PA 501 (c)(2) NewCourtland Elder Services 0 NewCourtland Properties 6970 Germantown Avenue Philadelphia PA 19119 264194368 Corporation holding title to property PA 501(C)(2) NewCourtland Elder Services 0 NewCourtland LIFE at Saint Bartholomew Condo 1 6970 Germantown Avenue Philadelphia PA 19119 812461553 Hold Land and Property PA 501(c)(3) 509(a)(3) NewCourtland Elder Services NewCourtland Primary Care 6970 Germantown Avenue Philadelphia PA 19119 472491709 Physican and Clinical care PA 501(c)(3) 509(a)(2) NewCourtland Elder Services Frankford Senior Housing Associates (Meadow House) 4649 Paul St Philadelphia PA 19124 232718494 Low Income Senior Housing PA 501(c)(3) NewCourtland Elder Services Evangelical Senior Housing (Manor Glenn) 8403 Roosevelt Blvd Philadelphia PA 19152 232648022 Low Income Senior Housing PA 501(c)(3) NewCourtland Elder Services Cliveden Properties Inc 301-305 West Johnson Street Philadelphia PA 19144 271085598 Affordable Housing for the Elderly PA NewCourtland Elder Services 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 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 Elder Services Related 1 0.0001 Apartments at Allegheny II 6970 Germantown Avenue Philadelphia PA 19119 474579730 Affordable Housing for the Elderly PA NewCourtland Elder Services 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 Phase I 6970 Germantown Avenue Philadelphia PA 19119 812580760 Affordable Housing - Low Income Seniors PA NewCourtland Elder Services Related 0 1 0.0001 NewCourtland Apartments at Saint Bartholomew Phase I 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 Elder Services 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 Elder Service Related 0 1 0.00009 NewCourtland at Henry Avenue LLC 6970 Germantown Avenue Philadelphia PA 19119 824516028 Hold Land and Property PA NewCourtland Elder Service Related 0 1 0.9 NewCourtland at Pennypack LLC 6970 Germantown Avenue Philadelphia PA 19119 832580766 Hold Land and Property PA NewCourtland Elder Service Related 0 1 0.9 0 0 0 1 0 0 0 0 0 0 1 1 0 0 1 0 0 1 1 Schedule R, Part V, Line 2 See Schedule R, Part VII, Statement 3 Extension and Approved by IRS on 11/12/2019