2016-05-16T08:51:19-05:00 2015-06-30 134008324 PRICEWATERHOUSECOOPERS LLP 2001 MARKET STREET SUITE 1800 PHILADELPHIA PA 19103 990 2014-07-01 464233500 11TH STREET FAMILY HEALTH SERVICES INC 11TH 2158952000 3201 ARCH STREET NO 420 PHILADELPHIA PA 19104 HELEN Y BOWMAN TREASURER 2158952803 2016-05-16 1 ERIC M MCNEIL P00460263 2673303000 2014 2016-08-17 19:52:53Z HELEN Y BOWMAN 3201 ARCH STREET NO 420 PHILADELPHIA PA 19104 27875 0 X N/A X 2013 PA 11TH STREET FAMILY HEALTH SERVICES, INC., A PENNSYLVANIA NONPROFIT ORGANIZATION, IS A SUPPORTING ORGANIZATION TO DREXEL UNIVERSITY, AN ORGANIZATION EXEMPT UNDER SECTION 501(C)3 OF THE INTERNAL REVENUE CODE. THE ORGANIZATION WAS ORGANIZED AND OPERATES AS A REAL ESTATE HOLDING COMPANY IN FURTHERANCE OF THE ACTIVITES OF DREXEL UNIVERSITY'S TAX EXEMPT PURPOSE. 3 0 0 0 0 0 2313170 0 0 0 15694 27875 0 0 2328864 27875 0 0 0 0 0 0 0 0 0 330778 202130 330778 202130 1998086 -174255 12274250 14038760 10276164 12275905 1998086 1762855 THE ORGANIZATION PROVIDES FACILITIES FOR USE BY DREXEL UNIVERSITY AND FOR THE PATIENTS WHO ARE MEMBERS OF THE CHARITABLE CLASS SERVED BY DREXEL UNIVERSITY. 0 0 159595 THE ORGANIZATION PROVIDES FACILITIES FOR USE BY DREXEL UNIVERSITY AND FOR THE PATIENTS WHO ARE MEMBERS OF THE CHARITABLE CLASS SERVED BY DREXEL UNIVERSITY. 159595 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 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 0 0 0 0 0 PA X DREXEL UNIVERSITY 2158951463 3201 ARCH STREET SUITE 420 PHILADELPHIA PA 19104 GLORIA F DONNELLY PHD PRESIDENT 2.00 40.00 X X 0 312627 42060 MICHAEL J EXLER SECRETARY 2.00 40.00 X X 0 404711 45940 HELEN Y BOWMAN TREASURER 2.00 40.00 X X 0 571692 40740 MARGARET DENTON ASSISTANT SECRETARY 2.00 40.00 X 0 146133 25256 0 1435163 153996 0 0 1 0 GILBANE BUILDING COMPANY 100 PENN SQUARE EAST SUITE 1040 PHILADELPHIA PA 19107 CONSTRUCTION 2252552 EWING COLE INC 100 N 6TH STREET PHILADELPHIA PA 19106 ARCHITECT 357820 2 27875 27875 27875 0 0 27875 42535 42535 82349 82349 77231 77231 15 15 202130 159595 42535 0 30323 9023704 3630134 483 10491091 113271 3250546 10377820 12274250 14038760 30804 30804 9500000 9500000 745360 2745101 10276164 12275905 X 1998086 1762855 1998086 1762855 12274250 14038760 -174255 -60976 0 X X 0 1 X 1 0 X X X 1 DREXEL UNIVERSITY 231352630 2 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X 1 1 PART IV, SECTION E, LINE 2A: THE CORPORATION WAS ORGANIZED AND OPERATES IN FURTHERANCE OF THE ACTIVITIES OF DREXEL UNIVERSITY, AN ORGANIZATION EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ON DECEMBER 23, 2013 THE CORPORATION RECEIVED A DONATION OF CERTAIN REAL ESTATE PROPERTY KNOWN AS 850 NORTH 11TH STREET, PHILADELPHIA PENNSYLVANIA (THE "PROPERTY") FROM DREXEL UNIVERSITY. THE PROPERTY IS LOCATED IN A QUALIFIED CENSUS TRACT THAT MEETS CERTAIN INCOME, UNEMPLOYMENT AND POVERTY LEVEL REQUIREMENTS AND QUALIFIES UNDER THE NEW MARKET TAX CREDIT PROGRAM AS A QUALIFIED ACTIVE LOW-INCOME COMMUNITY BUSINESS (A "QALICB") AS DEFINED BY SECTION 45D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, AND SECTION 1.45D-1(D)(4) OF THE CODE OF FEDERAL REGULATIONS. THE CORPORATION ENTERED INTO A CONTRACT WITH GILBANE BUILDING COMPANY ON DECEMBER 23, 2013 TO RENOVATE THE EXISTING STRUCTURE AND EXPAND THE PROPERTY CREATING A LARGER COMPREHENSIVE NURSE-MANAGED COMMUNITY HEALTH CENTER. THE PROJECT IS FUNDED BY A QUALIFIED LOW INCOME COMMUNITY INVESTMENT LOAN THROUGH TRF NEW MARKET TAX CREDIT FUND XXVI, LP. PART IV, SECTION E, LINE 2B: UNDER THE TERMS OF A LEASE AGREEMENT DATED, DECEMBER 23, 2013, THE CORPORATION LEASED THE ENTIRETY OF THE PROPERTY TO DREXEL UNIVERSITY TO CONTINUE TO BE USED AS THE 11TH STREET FAMILY HEALTH SERVICES OF DREXEL UNIVERSITY. THE NEW ADDITION AND RENOVATED SPACE WILL SUBSTANTIALLY INCREASE THE NUMBER OF PATIENTS SERVED, EXPAND SERVICES TO PATIENTS AND ENHANCE UNDERGRADUATE AND GRADUATE HEALTH PROFESSIONS EDUCATIONAL INITIATIVES. THE TERM OF THE LEASE RUNS FROM THE DATE OF THE ISSUANCE OF A CERTIFICATE OF OCCUPANCY OR WHEN DREXEL UNIVERSITY TAKES POSSESSION OF THE NEW ADDITION (THE "RENT COMMENCEMENT DATE") TO DECEMBER 31, 2042. THE QUARTERLY BASE RENT IS ESTABLISHED IN THE LEASE. IN ADDITION TO THE BASE RENT, DREXEL UNIVERSITY WILL BE RESPONSIBLE FOR 100% OF THE OPERATING COSTS OF THE PROPERTY AND 100% OF REAL ESTATE TAXES,ASSESSMENTS,ENCUMBRANCES OR FEES AS WELL AS ANY OTHER TAXES IMPOSED BY ANY GOVERNMENTAL AUTHORITY. PART IV, SECTION D, LINE 3: THE CORPORATION WAS ORGANIZED AND OPERATES IN FURTHERANCE OF THE ACTIVITIES OF DREXEL UNIVERSITY. 280586 280586 2162356 108118 2054238 8048149 5153 8042996 10377820 NET BORROWINGS FROM AFFILIATE 2745101 2745101 X 27875 0 27875 0 27875 202130 0 202130 0 202130 PART X, LINE 2: NO PROVISION OR BENEFIT FOR INCOME TAXES HAS BEEN INCLUDED IN THESE FINANCIAL STATEMENTS. THE CORPORATION IS A NONPROFIT ORGANIZATION THAT RECEIVED AN IRS DETERMINATION LETTER GRANTING TAX EXEMPT STATUS UNDER SECTION 501(C)3 OF THE INTERNAL REVENUE CODE EFFECTIVE DECEMBER 12, 2013. 0 0 0 0 0 0 0 0 0 GLORIA F DONNELLY PHD PRESIDENT 0 312627 0 0 0 0 0 28600 0 13460 0 354687 0 0 MICHAEL J EXLER SECRETARY 0 338711 0 66000 0 0 0 28600 0 17340 0 450651 0 0 HELEN Y BOWMAN TREASURER 0 471692 0 100000 0 0 0 23400 0 17340 0 612432 0 0 MARGARET DENTON ASSISTANT SECRETARY 0 138633 0 7500 0 0 0 16429 0 8827 0 171389 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE ORGANIZATION'S FORM 990 IS PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS FOR REVIEW BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE PURPOSE OF THE CONFLICTS OF INTEREST POLICY IS TO PROTECT THE CORPORATION'S INTEREST WHEN IT IS CONTEMPLATING ENTERING INTO A CONTRACT, TRANSACTION, OR OTHER ARRANGEMENT THAT MIGHT BENEFIT THE PRIVATE INTEREST OF A DIRECTOR, OFFICER, MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS, OR KEY EMPLOYEE OF THE CORPORATION (EACH A "COVERED PERSON"). THIS POLICY IS INTENDED TO SUPPLEMENT THE REQUIREMENTS OF THE ACT WITH RESPECT TO CONFLICTS OF INTEREST. THIS POLICY SHALL APPLY TO ALL CONTRACTS, TRANSACTIONS, OR OTHER ARRANGEMENTS BETWEEN THE CORPORATION AND (A) A COVERED PERSON, (B) A FAMILY MEMBER OF A COVERED PERSON, OR (C) BUSINESSES OR OTHER ENTITIES IN WHICH A COVERED PERSON OR HIS OR HER FAMILY MEMBERS OWN FINANCIAL OR BENEFICIAL INTERESTS. THE FORMAT FOR THE DISCLOSURE IS FOR EACH OFFICER AND DIRECTOR TO COMPLETE A QUESTIONNAIRE ANNUALLY. COMPLETED QUESTIONNAIRES FOR OFFICERS AND DIRECTORS ARE SUBMITTED DIRECTLY TO THE OFFICE OF THE GENERAL COUNSEL FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 15 THERE ARE NO EMPLOYEES OF THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE LOCATED AT THE OFFICE OF THE ORGANIZATION AND MADE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. DREXEL UNIVERSITY 3201 ARCH STREET SUITE 420 PHILADELPHIA PA 19104 231352630 EDUCATIONAL INSTITUTION PA 501(C)3 LINE 2 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0