2015-11-16T09:06:42-06:00 2014-12-31 131639826 EISNERAMPER LLP 130 NORTH 18TH STREET - SUITE 3000 PHILADELPHIA PA 191032757 990 2014-01-01 521693162 BEECH INTERPLEX INC BEEC 2157638824 1510 CECIL B MOORE AVE NO 300 PHILADELPHIA PA 19121 KENNETH SCOTT PRESIDENT 2157638824 2015-11-12 1 HELEN M MARTIN P01330899 2158818800 2014 2016-02-25 16:41:14Z KENNETH SCOTT 1510 CECIL B MOORE AVE NO 300 PHILADELPHIA PA 19121 5651365 0 X WWW.BEECHINTERPLEX.COM X 1990 PA TO SPEARHEAD THE REVITALIZATION OF THE CECIL B. MOORE NEIGHBORHOOD (A 26 SQUARE BLOCK AREA IN NORTH CENTRAL PHILADELPHIA). 5 3 10 0 0 0 85455 0 5751142 5385967 254324 247827 593 0 6091514 5633794 0 0 0 0 895340 876722 0 0 0 5282214 5437022 6177554 6313744 -86040 -679950 40925309 39448036 38633670 37836347 2291639 1611689 X TO SPEARHEAD THE REVITALIZATION OF THE CECIL B. MOORE NEIGHBORHOOD (A 26 SQUARE BLOCK AREA IN NORTH CENTRAL PHILADELPHIA) THROUGH COORDINATION OF THE EFFORTS AND SERVICES OF ORGANIZATIONS, FINANCIAL PARTICIPATION IN PROJECTS, LEVERAGING OF FUNDS AND THROUGH MONITORING AND FACILITATING APPROPRIATE ADJUSTMENTS IN THE IMPROVEMENT PROCESS. 0 0 1052246 1007337 RENOVATION & DEVELOPMENT PROGRAM:DEVELOPMENT, RENOVATION AND RENTAL OF ABANDONED PROPERTY IN THE CECIL B. MOORE AREA OF NORTH PHILADELPHIA. TO DATE, FOUR MULTI-TENANT PROPERTIES HAVE BEEN COMPLETED. 4759432 4625646 STUDENT HOUSING PROGRAM:OPERATION OF TWO STUDENT HOUSING COMPLEXES AT TEMPLE UNIVERSITY IN PHILADELPHIA, PA THROUGH BEECH LLC & BEECH INTERNATIONAL LLC (SINGLE MEMBER LLCS - TREATED AS DISREGARDED ENTITIES). 237105 COMMUNITY SERVICE ACTIVITIES:FINANCIAL CONTRIBUTIONS TO AFFILIATED AND OTHER ORGANIZATIONS TO FUND COMMUNITY SERVICE ACTIVITIES AND PROMOTE THE REVITALIZATION OF THE CECIL B. MOORE AREA AND OTHER COMMUNITIES IN NORTH CENTRAL PHILADELPHIA. 6048783 1 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 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 5 0 1 10 1 0 0 0 0 0 0 0 0 0 0 X 5 3 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 1 1 0 0 PA X LARRY GRIFFIN TREASURER 2157638824 1510 CECIL B MOORE AVE PHILADELPHIA PA 19121 SHIRLEY GREGORY DIRECTOR 2.00 X 0 0 0 RICHARD BAZELON ESQ CHAIRMAN 2.00 X 0 0 0 REV WILLIAM B MOORE DIRECTOR 2.00 X 0 0 0 KENNETH SCOTT PRESIDENT/CEO 40.00 5.00 X 127050 0 18235 LARRY GRIFFIN SECRETARY / TREASURER 40.00 5.00 X 98175 0 5370 225225 0 23605 1 0 0 0 0 BEECH LLC RENTALS 532000 2651446 2651446 BEECH INTERNATIONAL LL 532000 1959508 1959508 RENTAL INCOME 532000 760321 760321 LAUNDRY REVENUES 532000 14692 14692 5385967 811 811 264587 17571 247016 247016 247016 5633794 5632983 0 811 248830 124415 124415 506822 506822 1716 1716 44327 44327 75027 75027 173014 173014 4227 4227 75995 75995 182922 182922 62148 62148 104878 48567 56311 708597 708597 14585 14585 21421 21421 1896944 1896944 1250277 1250277 145785 141772 4013 PROGRAM SERVICES 237105 237105 REPAIRS & MAINTENANCE 198880 198880 OUTSIDE SERVICES 165530 165530 BAD DEBT EXPENSE 49359 49359 145355 145355 6313744 6048783 264961 0 1522713 1088002 4495421 4559070 129063 144273 145528 65126 41408126 9428346 32945312 31979780 1687272 1611785 40925309 39448036 709699 829801 1258390 1103484 31947519 31412796 4539557 4360745 178505 129521 38633670 37836347 X 2137301 1488726 154338 122963 2291639 1611689 40925309 39448036 -679950 0 X X 0 1 X 1 0 X 26989 199472 2316614 85455 2628530 4464653 4444181 5106419 5751142 5385967 25152362 4491642 4643653 7423033 5836597 5385967 27780892 0 472120 517533 457559 410947 279976 2138135 472120 517533 457559 410947 279976 2138135 25642757 4385 1991 1359 1211 811 9757 4385 1991 1359 1211 811 9757 593 593 4496027 4645644 7424392 5838401 5386778 27791242 0.92270 0.90720 0.00040 0.00940 X 1766932 1766932 37298847 8406372 28892475 2342347 1021974 1320373 31979780 SECURITY DEPOSITS 129521 129521 X PART X, LINE 2: THE INTERNAL REVENUE SERVICE ("IRS") HAS CLASSIFIED BEECH INTERPLEX, INC. AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; THEREFORE, THE CONSOLIDATED FINANCIAL STATEMENTS DO NOT INCLUDE A PROVISION FOR INCOME TAXES. ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY BEECH INTERPLEX, INC., AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2014, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION RECOGNIZES ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS, IF ANY. THERE WAS NO INCOME TAX RELATED INTEREST OR PENALTIES RECORDED FOR THE YEARS ENDED DECEMBER 31, 2014. X X 0 0 0 0 0 0 0 0 0 A REDEVELOPMENT AUTHORITY OF THE CITY OF PHILADELPHIA 236005062 717868CB7 2003-09-30 17882983 CONSTRUCTION OF STUDENT HOUSING 0 0 0 B PHILADELPHIA AUTHORITY FOR INDUSTRIAL DEVELOPMENT 232237287 7178185C8 2010-09-08 17029650 CONSTRUCTION OF INTERNATIONAL STUDENT HOUSING 0 0 0 A 17882983 1220563 357660 1162222 15142538 2004 0 0 1 1 B 17029650 665438 339700 16024512 2011 0 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 A 0 B 0 FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES OF THE GOVERNING BODY THAT WOULD HAVE MINUTES TO DOCUMENT. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS INITIALLY REVIEWED BY THE TREASURER OF THE BOARD OF DIRECTORS. ALL COMMENTS AND QUESTIONS ARE THEN DIRECTED TO PRESIDENT OF BEECH INTERPLEX, INC. THE PRESIDENT REVIEWS THE COMMENTS & QUESTIONS ALONG WITH THE ENTIRE RETURN BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C SINCE DEVELOPMENT ACTIVITIES HAVE THE MOST EXPOSURE FOR CONFLICTS, ALL NEW DEVELOPMENT ACTIVITIES ARE REVIEWED FOR CONFLICTS PRIOR TO MAKING ANY COMMITMENTS. THERE IS NO OTHER COMPLIANCE MONITORING. FORM 990, PART VI, SECTION B, LINE 15A ALL INCREASES IN SALARIES ARE PRESENTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL. BEECH USES INFORMATION FROM VARIOUS SOURCES TO COMPARE BEECH STAFF SALARIES TO OUR PEERS IN THE NON-PROFIT INDUSTRY. STUDIES USED ARE PREPARED BY GROUPS SUCH AS THE PHILA. FOUNDATION, PEW FOUNDATION AND GUIDESTAR. FORM 990, PART VI, SECTION C, LINE 19 BEECH INTERPLEX MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC FOR VIEWING UPON REQUEST AT ITS CORPORATE OFFICES. THE 990 IS ALSO AVAILABLE ON GUIDESTAR.ORG FORM 990, PART XII, LINE 2C THE BOARD OF DIRECTORS IS RESPONSIBLE FOR AUDIT OVERSIGHT AND SELECTION OF INDEPENDENT AUDITORS, AS NO SEPARATE COMMITTEES OF THE BOARD OF DIRECTORS EXIST. THIS PROCESS REMAINS UNCHANGED FROM THE PRIOR YEAR. BEECH LLC (SINGLE MEMBER LLC) 1510 CECIL B MOORE AVE PHILADELPHIA PA 19121 760740165 STUDENT HOUSING PA 2651728 15619439 N/A BEECH INTERNATIONAL LLC (SINGLE MEMBER LLC) 1510 CECIL B MOORE AVE PHILADELPHIA PA 19121 272967019 STUDENT HOUSING PA 1959594 15957754 N/A BEECH CAPITAL VENTURE CORPORATION 1510 CECIL B MOORE AVENUE PHILADELPHIA PA 19121 233100744 PROMOTE ECONOMIC AND COMMUNITY DEVELOPMENT IN LOW TO MODERATE INCOME AREA PA 501(C)(3) LINE 7 N/A 0 BEECH COMMUNITY SERVICES 1510 CECIL B MOORE AVENUE PHILADELPHIA PA 19121 204968928 PROMOTE AND STRENGTHEN THE QUALITY OF LIFE FOR RESIDENTS PA 501(C)(3) LINE 7 N/A 0 ALSTON BEECH FOUNDATION 1510 CECIL B MOORE AVENUE PHILADELPHIA PA 19121 204968831 PROVIDE GRANTS TO COMMUNITY ORGANIZATIONS IN THE CECIL B MOORE CORRIDOR PA 501(C)(3) LINE 11A, I N/A 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0