2017-08-23T15:06:07-05:00 2016-12-31 943108253 NOVOGRADAC & COMPANY LLP 5 GREAT VALLEY PARKWAY MALVERN PA 19355 990 2016-01-01 232895377 PROJECT HOME COMMUNITY DEVELOPMENT CORPORATION PROJ 2152327229 1415 FAIRMOUNT AVE SUITE 241 PHILADELPHIA PA 19130 JOAN MCCONNON TREASURER 2153206192 2017-08-23 1 BENTLEY STANTON P00369094 6102324810 168.215.156.202 2017-08-23 12:58:23 PD P D4607E9CE3E6470050B86596CC38DA370C881901 D4607E9CE3E6470050B86596CC38DA370C881901 2016 2021-01-29 14:40:06Z JOAN DAWSON MCCONNON 1415 FAIRMOUNT AVE SUITE 241 PHILADELPHIA PA 19130 1013579 0 X NONE X 1997 PA TO PROVIDE AFFORDABLE HOUSING FOR LOW-INCOME INDIVIDUALS AND FAMILIES IN PHILADELPHIA, PA. THE CORPORATION ACQUIRES, REHABILITATES AND SELLS PROPERTIES TO QUALIFYING INDIVIDUALS AND OPERATES 112 AFFORDABLE HOUSING UNITS AND COMMERCIAL SPACE. 5 3 0 0 0 0 738389 555322 436530 444424 413 569 116630 13264 1291962 1013579 0 0 0 0 0 0 0 0 0 1459553 1770175 1459553 1770175 -167591 -756596 13208237 12732860 7166363 7447582 6041874 5285278 TO PROVIDE AFFORDABLE HOUSING FOR LOW-INCOME INDIVIDUALS AND FAMILIES IN PHILADELPHIA, PA. THE CORPORATION ACQUIRES, REHABILITATES AND SELLS PROPERTIES TO QUALIFYING INDIVIDUALS AND OPERATES 112 AFFORDABLE HOUSING UNITS AND COMMERCIAL SPACE. 0 0 1762177 OPERATION OF AFFORDABLE HOUSING UNITS RENTED TO LOW-INCOME INDIVIDUALS AND COMMERCIAL SPACE TO NON-PROFIT ORGANIZATIONS. 1762177 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 10 0 1 0 0 0 0 0 0 0 0 0 0 0 X 5 3 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 X PROJECT HOME INC 2152327229 1415 FAIRMOUNT AVE SUITE 241 PHILADELPHIA PA 19130 JOAN DAWSON MCCONNON TREASURER 5.00 35.00 X X 0 203857 40884 S MARY SCULLION PRESIDENT 2.00 38.00 X X 0 103455 26182 JIM PATERNO SECRETARY 0.00 0.00 X X 0 0 0 ROBERT DOWNING DIRECTOR 0.00 0.00 X 0 0 0 MIKE BREEN DIRECTOR 0.00 0.00 X 0 0 0 0 307312 67066 0 0 1 0 0 555322 555322 TENANT RENT 531110 373654 373654 PROGRAM RELATED INVEST 532000 70770 70770 444424 569 569 OTHER SERVICE AND RELA 900099 13264 13264 13264 1013579 457688 0 569 X 74091 74091 3379 3379 7998 7998 554 554 8622 8622 119119 119119 302186 302186 397535 397535 25253 25253 PERSONNEL EXPENSE 338448 338448 OTHER EXPENSE 265845 265845 OPERATING AND MAINTENAN 204853 204853 GENERAL AND ADMIN 22292 22292 1770175 1762177 7998 0 512158 542613 116810 26317 9722 10251 10890042 6205500 5056916 4684542 10989 0 7501642 7469137 13208237 12732860 173852 58337 19262 103017 3183526 3188658 3789723 4097570 7166363 7447582 X 5992685 5279209 49189 6069 6041874 5285278 13208237 12732860 -756596 0 X 0 1 X 1 0 X 558174 639207 1874212 738389 555322 4365304 558174 639207 1874212 738389 555322 4365304 4365304 123814 71703 2646 413 569 199145 51591 33737 20991 116630 13264 236213 4800662 0.90930 0.90270 X PART II, LINE 10 - OTHER INCOME DETAIL MISCELLANEOUS INCOME $236,213 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 148192 148192 10258233 5763005 4495228 483617 442495 41122 4684542 N/R-PROJECT HOME INVESTMENT FD 7077000 DEPOSITS AND RESERVES 329418 DUE FROM RELATED PARTY 6069 TENANT SECURITY DEPOSITS 38957 ACCRUED INTEREST 17693 7469137 NOTE PAYABLE-PROJECT HOME 3984910 TENANT SECURITY DEPOSITS 38897 ACCRUED INTEREST 73763 4097570 X 1013579 0 1013579 0 1013579 1770175 0 1770175 0 1770175 PART X, LINE 2: THE CORPORATION IS A NOT FOR PROFIT CORPORATION WHICH IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC"). THE CORPORATION IS NOT TAXED ON INCOME DERIVED FROM ITS EXEMPT FUNCTIONS. HOWEVER, THE CORPORATION IS SUBJECT TO TAX ON UNRELATED BUSINESS INCOME, WHICH IS GENERATED FROM THE CORPORATION'S INVESTMENT INCOME AND OTHER ACTIVITIES NOT RELATED TO THEIR STATED EXEMPT PURPOSES. THE PREPARATION OF FINANCIAL STATEMENTS IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES THE CORPORATION TO REPORT INFORMATION REGARDING ITS EXPOSURE TO VARIOUS TAX POSITIONS TAKEN BY THE CORPORATION, INCLUDING CHANGES TO THE CORPORATION'S STATUS AS A NOT-FOR-PROFIT ENTITY. MANAGEMENT HAS DETERMINED WHETHER ANY TAX POSITIONS HAVE MET THE RECOGNITION THRESHOLD AND HAS MEASURED THE CORPORATION'S EXPOSURE TO THOSE TAX POSITIONS. MANAGEMENT BELIEVES THAT THE CORPORATION HAS ADEQUATELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THAT THERE ARE NO UNRECORDED TAX LIABILITIES. FEDERAL AND STATE TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE AND AUDIT THE PREVIOUS THREE YEARS OF TAX RETURNS FILED. ANY INTEREST OR PENALTIES ASSESSED TO THE CORPORATION ARE RECORDED IN OPERATING EXPENSES. NO INTEREST OR PENALTIES FROM FEDERAL OR STATE TAX AUTHORITIES WERE RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. 0 0 0 0 0 0 0 0 0 JOAN DAWSON MCCONNON TREASURER 0 203857 0 0 0 0 0 14697 0 26187 0 244741 0 0 S MARY SCULLION & JOAN D MCCONNON DIRECTORS OF PROJECT HOME 74091 MANAGEMENT FEES 0 S MARY SCULLION & JOAN D MCCONNON DIRECTORS OF PROJECT HOME 338448 REIMBURSED EXPENSES 0 FORM 990, PART VI, SECTION A, LINE 3 THE COMPANY IS MANAGED BY AN AFFILIATE ENTITY, PROJECT HOME, A 501(C)(3) NON PROFIT CORPORATION. FORM 990, PART VI, SECTION A, LINE 8B COMMITTEES OF THE BOARD DO NOT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS EMAILED TO ALL BOARD MEMBERS FOR REVIEW AND APPROVAL PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C THERE IS ONE BOARD MEETING EACH YEAR IN WHICH THE BOARD MEMBERS ARE ASKED TO SIGN AND SUBMIT THEIR STATEMENT REGARDING EXISTING OR POTENTIAL CONFLICTS. FORM 990, PART VI, SECTION C, LINE 19 A COPY OF FORMS 990 AND 1024 ARE MAINTAINED BY THE MANAGED ENTITIES CONTROLLER AND MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL FEES-OTHER: PROGRAM SERVICE EXPENSES 554. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 554. PROJECT HOME 1415 FARMOUNT AVE SUITE 241 PHILADELPHIA PA 19130 232555950 SUPRTV HSG PA 501C3 7 N/A 0 0 0 1 0 1 0 0 0 0 1 0 0 1 0 0 1 0 0 0