2014-08-13T09:37:55-05:00 2013-12-31 222981982 FALLON & LARSEN LLP 1390 STATE ROUTE 36 STE 102 HAZLET NJ 07730 990 2013-01-01 232895377 PROJECT HOME COMMUNITY DEVELOPMENT CORP PROJ 2152327229 1415 FAIRMOUNT AVENUE ROOM/SUITE 241 PHILADELPHIA PA 19130 JOAN MCCONNON TREASURER 2152327229 2014-07-02 true RICHARD M LARSEN P01233142 7328882070 2014-07-31 2013 2015-11-30 17:44:51Z X JOAN MCCONNON 1415 FAIRMOUNT AVE SUITE 241 PHILADELPHIA PA 19130 1102083 false X WWW.PROJECTHOME.ORG X 1997 PA TO PROVIDE AFFORDABLE HOUSING TO LOW-INCOME INDIVIDUALS AND FAMILIES IN THE NORTH PHILADELPHIA AREA. THE CORPORATION ACQUIRES, REHABILITATES AND SELLS PROPERTIES TO QUALIFYING INDIVIDUALS AND OPERATES 112 AFFORDABLE HOUSING UNITS AND COMMERCIAL SPACE. 6 2 0 0 7633174 639207 205990 426441 4990 2698 175405 33737 8019559 1102083 0 0 0 0 0 1287844 1454558 1287844 1454558 6731715 -352475 11373315 12017424 5605237 6601821 5768078 5415603 X TO PROVIDE AFFORDABLE HOUSING TO LOW-INCOME INDIVIDUALS AND FAMILIES IN THE NORTH PHILADELPHIA AREA. THE CORPORATION ACQUIRES, REHABILITATES AND SELLS PROPERTIES TO QUALIFYING INDIVIDUALS AND OPERATES 112 AFFORDABLE HOUSING UNITS AND COMMERCIAL SPACE. false false 1445791 387902 OPERATION OF AFFORDABLE HOUSING UNITS TO LOW-INCOME INDIVIDUALS AND FAMILIES. 1445791 true true false false false false false false false false true false false true true true true false false false false false false false false false false false false true false false false false false false false true false false false false false true false false false true 3 0 true 0 false false false false false false false false false false X 6 2 false true false false false false false true false false false true true true true true true false false false X PROJECT HOME INC 2152327229 1515 FAIRMOUNT AVE PHILADELPHIA PA 19130 JOAN MCCONNON TREASURER 5.00 35.00 X X 0 207322 18470 S MARY SCULLION PRESIDENT 2.00 38.00 X X 0 88093 7165 PRISCILLA BENNETT SECRETARY 0.00 35.00 X X 0 32312 8118 CHARLENE TAYLOR DIRECTOR 0.00 5.00 X 0 3226 0 MIKE BREEN DIRECTOR 0.00 0.00 X 0 0 0 ALICE HERRON DIRECTOR 0.00 0.00 X 0 0 0 330953 33753 false true false 100492 538715 639207 TENANT RENT 531110 220561 220561 PROJECT HOME RENT 532000 136875 136875 PROGRAM RELATED INVEST. INC. 900001 69005 69005 426441 2698 2698 OTHER SERVICE AND RELATED REV 900099 33737 33737 33737 1102083 460178 2698 X 62609 62609 1869 1869 8767 8767 277708 277708 899 899 19735 19735 118282 118282 238859 238859 293842 293842 16985 16985 OPERATING AND MAINTENANCE 241241 241241 PROGRAM EXP'S - GENERAL 130255 130255 REAL ESTATE TAXES 37245 37245 BAD DEBTS 6262 6262 1454558 1445791 8767 0 182564 239127 7075000 59843 58296 9055315 5105063 3310302 3950252 14350 13554 731256 7756195 11373315 12017424 151065 144665 2348527 3113526 3105645 3343630 5605237 6601821 X -1486366 5366414 7254444 49189 5768078 5415603 11373315 12017424 -352475 X false true X true true true X 100000 100000 100000 558174 639207 1497381 100000 100000 100000 558174 639207 1497381 1497381 422 185 83 123814 71703 196207 51591 33737 85328 1778916 460178 0.84170 0.84460 X PART II, LINE 10 MISCELLANEOUS INCOME 85,328 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 117167 117167 8459292 4710700 3748592 478856 394363 84493 3950252 N/R - PROJECT H.O.M.E. INVESTMENT FD 7079116 DEPOSITS AND RESERVES 581401 DUE FROM RELATED PARTY 49189 TENANT SECURITY DEPOSITS 17856 ACCRUED INTEREST 17693 PREPAID EXPENSES 10940 DEPOSITS 7756195 NOTE PAYABLE - PROJECT H.O.M.E. 3306342 PREPAID RENT 19364 TENANT SECURITY DEPOSITS 17924 ACCRUED INTEREST 3343630 X 1102083 1102083 1102083 1454558 1454558 1454558 SCHEDULE D, PAGE 3, PART X 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 CORPORATION HAS EVALUATED ITS TAX POSITIONS FOR ALL OPEN TAX YEARS. CURRENTLY, THE TAX YEARS OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE ARE THE 2010, 2011 AND 2012 TAX YEARS. HOWEVER, THE CORPORATION IS NOT CURRENTLY UNDER AUDIT NOR HAS THE CORPORATION BEEN CONTACTED BY ANY JURISDICTION. BASED ON THE EVALUATION OF THE CORPORATION'S TAX POSITIONS, MANAGEMENT BELIEVES ALL TAX POSITIONS TAKEN WOULD BE UPHELD UNDER EXAMINATION. THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAVE BEEN RECORDED FOR THE FISCAL YEAR ENDED DECEMBER 31, 2013. false false false false false false false false false JOAN MCCONNON TREASURER 207322 4340 14130 225792 S MARY SCULLION JOAN MCCONNON DIRECTORS 338396 MGMT FEES & REIMB EX false FORM 990 - ORGANIZATION'S MISSION TO PROVIDE AFFORDABLE HOUSING TO LOW-INCOME INDIVIDUALS AND FAMILIES IN THE NORTH PHILADELPHIA AREA. THE CORPORATION ACQUIRES, REHABILITATES AND SELLS PROPERTIES TO QUALIFYING INDIVIDUALS AND OPERATES 112 AFFORDABLE HOUSING UNITS AND COMMERCIAL SPACE. FORM 990, PAGE 6, PART VI, LINE 3 THE CORPORATION IS MANAGED BY PROJECT H.O.M.E., INC., AN AFFILIATED 501(C) (3)CORPORATION. FORM 990, PAGE 6, PART VI, LINE 8B THERE ARE NO COMMITTEES OUTSIDE THE GOVERNING BODY. FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS EMAILED TO ALL BOARD MEMBERS FOR REVIEW AND APPROVAL PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C THERE IS ONE BOARD MEETING EACH YEAR AND EACH BOARD MEMBER IS REQUIRED TO SIGN AND SUBMIT THEIR STATEMENT REGARDING ANY POTENTIAL OR ACTUAL CONFLICTS OF INTEREST. FORM 990, PAGE 6, PART VI, LINE 19 A COPY IS MAINTAINED BY THE CONTROLLER FOR PUBLIC INSPECTION UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACTED LABOR 277,708 0 0 PROJECT HOME 1515 FAIRMOUNT AVE PHILADELPHIA PA 19130 232555950 AFFORD HSG PA 501C3 7 NA false false false true true true false false false false true false false true false true true false false false