2012-03-29T12:26:45-05:00 2011-06-30 EISNERAMPER LLP 101 WEST AVENUE PO BOX 458 JENKINTOWN PA 190460458 990 2010-07-01 232555950 PROJECT HOME PROJ 2152327229 1515 FAIRMOUNT AVENUE PHILADELPHIA PA 19130 JOAN DAWSON MCCONNON 2152327229 2012-03-23 1 THOMAS SULPIZIO 2158818800 2010 2016-02-24 21:20:13Z S MARY SCULLION 1515 FAIRMOUNT AVENUE PHILADELPHIA PA 19130 24709458 0 X WWW.PROJECTHOME.ORG X 1989 PA THE MISSION OF THE PROJECT H.O.M.E. COMMUNITY IS TO EMPOWER ADULTS, CHILDREN, AND FAMILIES TO BREAK THE CYCLE OF HOMELESSNESS AND POVERTY, TO ALLEVIATE THE UNDERLYING CAUSES OF POVERTY, AND TO ENABLE ALL OF US TO ATTAIN OUR FULLEST POTENTIAL AS INDIVIDUALS AND AS MEMBERS OF THE BROADER SOCIETY. WE STRIVE TO CREATE A SAFE AND RESPECTFUL ENVIRONMENT WHERE WE SUPPORT EACH OTHER IN OUR STRUGGLES FOR SELF-ESTEEM, RECOVERY, AND THE CONFIDENCE TO MOVE TOWARD SELF-ACTUALIZATION. 27 22 327 482 -977 -977 12509924 12531838 1328675 2313061 812346 1441448 1132976 -126449 15783921 16159898 46147 43117 0 0 7824299 8417782 0 0 656611 6703385 4470979 14573831 12931878 1210090 3228020 39004959 45206986 2423703 5656221 36581256 39550765 X THE MISSION OF THE PROJECT H.O.M.E. COMMUNITY IS TO EMPOWER ADULTS, CHILDREN, AND FAMILIES TO BREAK THE CYCLE OF HOMELESSNESS AND POVERTY, TO ALLEVIATE THE UNDERLYING CAUSES OF POVERTY, AND TO ENABLE ALL OF US TO ATTAIN OUR FULLEST POTENTIAL AS INDIVIDUALS AND AS MEMBERS OF THE BROADER SOCIETY. WE STRIVE TO CREATE A SAFE AND RESPECTFUL ENVIRONMENT WHERE WE SUPPORT EACH OTHER IN OUR STRUGGLES FOR SELF-ESTEEM, RECOVERY, AND THE CONFIDENCE TO MOVE TOWARD SELF-ACTUALIZATION. 0 0 7577943 1731661 PROVIDE HOUSING AND SUPPORT SERVICES FOR FORMERLY HOMELESS INDIVIDUALS AND FAMILIES AS WELL AS OUTREACH EFFORTS FOR INDIVIDUALS LIVING ON THE STREETS. SEE ATTACHED WRITE-UP FOR A DETAILED DESCRIPTION OF THE PROGRAMS AND NUMBERS SERVED. 2552443 881170 PROVIDE COMMUNITY SERVICES TO ADDRESS EMPLOYMENT OPPORTUNITIES, EDUCATIONAL NEEDS, MEDICAL CARE AND ECONOMIC DEVELOPMENT. SEE ATTACHED WRITE-UP FOR A DETAILED DESCRIPTION OF THE PROGRAMS AND NUMBERS SERVED. 10130386 1 1 0 1 0 0 0 0 1 1 1 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 1 40 0 1 327 1 0 0 0 0 0 0 0 0 0 0 0 X 27 22 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA FL NJ NY X MARIANNE SCHUSTER CONTROLLER 2152327272 2101 BRANDYWINE STREET SUITE 100 PHILADELPHIA PA 19130 LYNNE HONICKMAN 1.00 X X 0 0 0 HYACINTH KING 40.00 X 21892 0 0 CHRISTINA T WEBBER 1.00 X 0 0 0 D WALTER COHEN 1.00 X 0 0 0 LOUIS MAYER 1.00 X 0 0 0 DONNA BOSCIA 1.00 X 0 0 0 STEPHEN J D'ANGELO 1.00 X 0 0 0 JOYCE MILLER CPA 1.00 X 0 0 0 DEBORAH FRETZ 1.00 X 0 0 0 SUSAN SHERMAN 1.00 X 0 0 0 LEIGH MIDDLETON 1.00 X X 0 0 0 KAREN BENEDETTI 1.00 X 0 0 0 CHARLENE TAYLOR 13.00 X 6497 0 0 PEDRO RAMOS 1.00 X X 0 0 0 BARBARA SPIRO RYAN 1.00 X 0 0 0 JAMES WEBSTER 1.00 X 0 0 0 LOREE JONES 1.00 X 0 0 0 STEVE MCKENNA 1.00 X 0 0 0 JOAN DAWSON-MCCONNON CPA 40.00 X X 161829 0 8786 MARY SCULLION RSM 40.00 X X 0 0 0 JAMES PATERNO 1.00 X 0 0 0 J PATRICK O'GRADY 1.00 X 0 0 0 EMILY RILEY 1.00 X 0 0 0 FRANK PORRAZZA 1.00 X 0 0 0 WALTER BROADNAX 15.00 X 2661 0 0 KATHLEEN OWENS PH D 1.00 X X 0 0 0 DENNIS GRIFFIN 1.00 X 0 0 0 EILEEN HANEIKO 40.00 X 102588 0 450 PATRICIA HOLLAND 40.00 X 102084 0 6254 397551 0 15490 3 0 1 0 JJ DELUCA CONSTRUCTION MANAGEMENT CO LLC 1301 S BETHLEHEM PIKE AMBLER PA 19002 CONSTRUCTION 6164438 TN WARD COMPANY PO BOX 191 129 COULTER AVE ARDMORE PA 19003 CONSTRUCTION 808821 K & A ARCHITECTURAL SERVICES 756 HADDON AVENUE COLLINGSWOOD NJ 08108 ARCHITECTURAL 313796 CDW DIRECT LLC PO BOX 75723 CHICAGO IL 60675 TECHNOLOGY PRODUCTS 264704 SISTERS OF MERCY 515 MONTGOMERY AVENUE MERION PA 19066 PERSONNEL 176570 11 26049 6314897 6190892 177080 12531838 MANAGEMENT AND MAINTEN 624100 1049988 1049988 DEVELOPER FEES 624100 841107 841107 SUPPORTIVE SERVICES/HO 624100 249360 249360 CAFE SALES 624100 107448 107448 FOOD/CLOTHING 624100 65158 65158 2313061 882588 -977 883565 291108 426219 -135111 -135111 -135111 8682201 8123341 558860 558860 558860 SALES OF HOLIDAY CARDS 624100 8662 8662 8662 16159898 2177950 -977 1451087 43117 43117 173840 133428 30637 9775 6632579 5091156 1179872 361551 42986 32996 7649 2341 1066807 842031 161340 63436 501570 385005 89202 27363 8070 5884 2137 49 85702 62487 22696 519 89723 70048 15254 4421 386117 281531 102250 2336 1195848 1025225 142235 28388 423078 375621 46989 468 137136 52458 77675 7003 PROGRAM EXPENSES 1261558 1042754 94893 123911 HOUSING DEVELOPMENT EXP 322250 322250 GENERAL EXPENSES 274597 126319 131415 16863 SUPPLIES 133326 121901 7706 3719 COMMUNICATION 87713 67485 16851 3377 65861 48690 16080 1091 12931878 10130386 2144881 656611 475239 456505 515455 1339306 2570835 2144920 2115060 2401378 61526 95743 17535361 6013104 8068229 11522257 18091614 20030761 7107001 7216116 39004959 45206986 892237 2072756 10817 48086 1340733 3282689 179916 252690 2423703 5656221 X 17688495 18976127 12194553 13856467 6698208 6718171 36581256 39550765 39004959 45206986 X 3228020 -258511 X X 0 1 1 X 1 1 X 10772653 13326319 12613391 13051158 12531838 62295359 10772653 13326319 12613391 13051158 12531838 62295359 850405 61444954 870938 663523 707365 812346 1173696 4227868 10277 82101 3100 852382 8662 956522 67479749 9052160 0.91060 0.91210 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 0 0 1 2369 2369 0 EXPLANATION OF OTHER LOBBYING ACTIVITIES: PART II-B, LINE 1I: PRESENTED AND TESTIFIED AT BUDGET HEARINGS AND SUPPORTED CONSTITUENTS IN DOING THE SAME. MET INDIVIDUALLY WITH LEGISLATORS AND APPOINTED OFFICIALS BOTH TO EDUCATE THEM ABOUT THE ISSUES OF HOMELESSNESS AND TO SOLICIT THEIR SUPPORT FOR SPECIFIC IDEAS AND PROGRAMS. SPOKE AT AND FACILITATED PARTICIPATION IN RALLIES, PUBLIC HEARINGS AND OTHER ACTIONS PERTAINING TO SPECIFIC LEGISLATION. WORKED AS A MEMBER OF LOCAL, STATE AND NATIONAL COALITIONS ADVOCATING FOR POLICY CHANGES. 10027172 196963 1100538 228613 11096060 9163566 787013 667517 590924 10027172 9635448 512094 -569613 414363 9163566 0.58000 0.42000 0 0 398306 398306 9466435 2321961 7144474 1091519 988663 102856 2351281 2092406 258875 4227820 610074 3617746 11522257 CASH AND EQUIVALENTS 2049145 F COMMON STOCKS 160994 F CORPORATE BONDS 3422864 F GOV'T BONDS AND NOTES 973329 F MORTGAGE BACKED SECURITIES 3304344 F MUTUAL FUNDS 9707631 F OTHER 412454 F 20030761 DEPOSITS AND ADVANCES 7478 REPLACEMENT RESERVES 1519699 LOANS RECEIVABLE - RELATED ENTITIES 5688939 7216116 ACCOUNTS PAYABLE - RELATED PARTIES 252690 252690 16159898 12931878 3228020 576960 -835471 -258511 2969509 17154661 576960 265542 481846 1324348 15830313 89723 239862 329585 16159898 13267293 265542 481846 747388 12519905 89723 322250 411973 12931878 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ENDOWMENT FUNDS ARE TO BE USED TO SUPPORT THE EDUCATIONAL WORK OF THE PROGRAMS AT THE HONICKMAN LEARING CENTER/COMCAST TECHNOLOGY LABS AS WELL AS TO SUPPORT THE SERVICES PROVIDED BY OUR HOMELESS PROGRAMS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE INTERNAL REVENUE SERVICE HAS CLASSIFIED PROJECT H.O.M.E. AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("CODE"); AS AN ORGANIZATION, CONTRIBUTIONS TO WHICH ARE DEDUCTIBLE UNDER SECTION 170(C) OF THE CODE; AND AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION AS DEFINED IN SECTION 509(A) OF THE CODE. THE ORGANIZATION RECOGNIZES ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS, IF ANY, AS PART OF THE INCOME TAX PROVISION. THERE WAS NO INCOME TAX RELATED INTEREST AND PENALTIES RECORDED FOR THE YEARS ENDED JUNE 30, 2011 AND 2010. THE INCOME TAX RETURNS OF THE ORGANIZATION FOR THE YEARS ENDED JUNE 30, 2008, 2009 AND 2010 ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND OTHER VARIOUS TAXING AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. PART XI, LINE 8 - OTHER ADJUSTMENTS: WRITE-OFF OF UNCOLLECTIBLE NOTES RECEIVABLE -835,471. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOAN FORGIVENESS 55,627. DIRECT RENTAL EXPENSES 426,219. PART XII, LINE 4B - OTHER ADJUSTMENTS: REVENUE AND SUPPORT FOR CAPITAL ACQUISITION AND FINANCING 239,862. PART XIII, LINE 2D - OTHER ADJUSTMENTS: LOAN FORGIVENESS 55,627. DIRECT RENTAL EXPENSES 426,219. PART XIII, LINE 4B - OTHER ADJUSTMENTS: HOUSING DEVELOPMENT EXPENSES 322,250. 0 TUITION ASSISTANCE/SCHOLARSHIPS 11 12129 FAIR MARKET VALUE RENTAL ASSISTANCE 3 30988 FAIR MARKET VALUE OTHER INFORMATION: PART IV: RENTAL ASSISTANCE IS DETERMINED BASED UPON INCOME AND OTHER ELIGIBILTY FACTORS. PAYMENTS ARE MADE DIRECTLY TO THE RENTED PROPERTY AND NO OTHER MONITORING IS DEEMED NECESSARY. TUITION ASSISTANCE IS GIVEN BASED ON NEED. THERE IS AN APPLICATION AND REVIEW PROCESS TO DETERMINE WHO WILL RECEIVE THE AWARDS. AWARDS ARE GENERALLY PAID DIRECTLY TO THE SCHOOLS. X 1 1 X X 0 0 0 0 0 0 0 0 0 JOAN DAWSON-MCCONNON CPA 161829 0 0 0 0 0 2471 0 6315 0 170615 0 0 0 PART I, LINE 1A THE SISTERS OF MERCY WERE REIMBURSED $18,000 FOR EXPENSES RELATED TO FUNDRAISING ACTIVITIES PERFORMED BY SISTER MARY SCULLION, THE EXECUTIVE DIRECTOR OF PROJECT HOME. X 6 18154 FAIR MARKET VALUE X LOAN FORGIVENESS 1 55627 FAIR MARKET VALUE X AC UNITS & WATER HEATERS 1 177080 FAIR MARKET VALUE 0 1 0 ORGANIZATION MISSION STATEMENT PROJECT H.O.M.E. ACCOMPLISHMENTS - 1989 - 2011 SINCE 1989, WHEN SISTER MARY SCULLION AND JOAN DAWSON MCCONNON FOUNDED OUR ORGANIZATION, PROJECT H.O.M.E. HAS HELPED MORE THAN 8,000 PEOPLE BREAK THE CYCLE OF HOMELESSNESS AND POVERTY BY PROVIDING A CONTINUUM OF CARE THAT INCLUDES STREET OUTREACH, SUPPORTIVE HOUSING AND COMPREHENSIVE SERVICES THAT FOCUS ON HEALTH CARE, EDUCATION AND EMPLOYMENT. WE ALSO WORK TO PREVENT HOMELESSNESS AND POVERTY THROUGH NEIGHBORHOOD REVITALIZATION IN NORTH PHILADELPHIA. HOUSING - SINCE 1989, PROJECT H.O.M.E. HAS LEVERAGED $106 MILLION FOR HOUSING AND ECONOMIC DEVELOPMENT. - OUR PUBLIC POLICY, EDUCATION & ADVOCACY TEAM WON A LANDMARK CASE IN THE THIRD CIRCUIT FEDERAL APPEALS COURT, WHICH ESTABLISHED A LEGAL PRECEDENT ENSURING FAIR HOUSING PRACTICES FOR HOMELESS PERSONS WITH SPECIAL NEEDS. FOR THE PAST 20 YEARS, PROJECT H.O.M.E. HAS WORKED WITH A VARIETY OF COALITIONS ON THE CITY, STATE, AND NATIONAL LEVELS TO IMPACT PUBLIC POLICIES, EDUCATE ELECTED OFFICIALS AND MAXIMIZE RESOURCES FOR HOUSING AND SERVICES. - TEAMS FROM OUR OUTREACH COORDINATION CENTER, IN PARTNERSHIP WITH THE CITY OF PHILADELPHIA, HALL MERCER, HORIZON HOUSE, THE MENTAL HEATH ASSOCIATION OF SEPA, SELF INC, AND SEPTA, CANVASS THE STREETS OF CENTER CITY AND SURROUNDING AREAS AROUND THE CLOCK TO LINK HOMELESS INDIVIDUALS WITH SHELTER, SUPPORTIVE HOUSING, MEDICAL CARE, MENTAL HEALTH CARE AND SUBSTANCE ABUSE TREATMENT. IN ADDITION, OUR LIBRARY RESTROOM ATTENDANT PROGRAM PROVIDES INFORMATION ABOUT HOMELESS SERVICES TO ANYONE IN NEED. - PROJECT H.O.M.E. PROVIDES 480 UNITS OF HOUSING IN PHILADELPHIA, INCLUDING 308 UNITS OF SUPPORTIVE HOUSING FOR FORMERLY HOMELESS MEN, WOMEN AND FAMILIES. - OUR MOST RECENT PERMANENT, AFFORDABLE HOUSING PROJECT, CONNELLY HOUSE, OPENED IN EARLY 2011: A NEW CONSTRUCTION, LEED-CERTIFIED, EIGHT-STORY, 79 UNIT BUILDING IN CENTER CITY PHILADELPHIA, DEVELOPED IN COLLABORATION WITH BETHESDA PROJECT. OUR NEXT PROJECT IS DUE TO OPEN IN FALL OF 2012: 53 UNITS OF PERMANENT, AFFORDABLE HOUSING IN A REHABBED FACTORY. - AS PART OF OUR EFFORTS TO REVITALIZE NORTH CENTRAL PHILADELPHIA, WE HAVE REHABBED AND SOLD 43 HOUSES TO FIRST-TIME HOMEBUYERS. IN THE COMING YEAR, WE WILL RENOVATE AND SELL SIX MORE HOMES AS PART OF PHASE VI OF OUR AFFORDABLE HOMEOWNERSHIP PROGRAM. OPPORTUNITIES FOR EMPLOYMENT - OUR EMPLOYMENT SERVICES PROGRAM WORKS WITH OVER 200 RESIDENTS AND ALUMNI EACH YEAR ON EDUCATIONAL ASSISTANCE, JOB SEARCH, JOB COACHING, RESUME WRITING AND BUDGETING. WE MAKE EMPLOYMENT REFERRALS AND MAINTAIN RELATIONSHIPS WITH COMMUNITY PARTNERS INCLUDING ARAMARK, THE FRESH GROCER, LOEWS HOTEL, PA CAREERLINK, PHILADELPHIA MUSEUM OF ART AND SHOPRITE. - WE OPERATE THREE NON-PROFIT SOCIAL ENTERPRISES THAT PROVIDE EMPLOYMENT OPPORTUNITIES AND WORKPLACE SKILL DEVELOPMENT FOR FORMERLY HOMELESS INDIVIDUALS: THE H.O.M.E. PAGE CAFE AND THE LIBRARY RESTROOM ATTENDANT PROGRAM IN PARTNERSHIP WITH THE FREE LIBRARY OF PHILADELPHIA AND OUR DAILY THREADS THRIFT STORE, IN PARTNERSHIP WITH STARBUCKS AND METROPOLITAN BAKERY. - OUR ADULT LEARNING AND WORKFORCE DEVELOPMENT PROGRAM AT THE HONICKMAN LEARNING CENTER AND COMCAST TECHNOLOGY LABS, SERVES MORE THAN 1,200 ANNUALLY. THE PROGRAM PROVIDES EMPLOYMENT SERVICES TO FORMERLY HOMELESS RESIDENTS AND COMMUNITY MEMBERS, INCLUDING: ADULT BASIC EDUCATION/GED PREPARATION; COMPUTERS AND TECHNOLOGY; JOB READINESS; RESUME WORKSHOPS; CAREER TRACKS PROGRAMS; WORKFORCE DEVELOPMENT WORKSHOPS; AND CAREER FAIRS. WE ALSO PARTNER WITH THE URBAN LEAGUE OF PHILADELPHIA TO PROVIDE FREE CUSTOMER SERVICE TRAINING AND PLACEMENT SUPPORT. - THE HAROLD A. HONICKMAN YOUNG ENTREPRENEUR PROGRAM PROVIDES TEENS THE OPPORTUNITY TO CREATE AND RUN SMALL BUSINESSES. THIS COMPETITIVE PROGRAM PROVIDES STUDENTS WITH BUSINESS MENTORS, WORKSHOPS AND START-UP FUNDING FOR BUSINESS PROJECTS PROPOSED BY THEM. - IN PARTNERSHIP WITH THE EXELON VETERANS TRAINING & EMPLOYMENT PROGRAM, WE PLACE FORMERLY HOMELESS VETERANS IN PAID INTERNSHIP POSITIONS AT PECO. THROUGH THIS INITIATIVE, FORMERLY HOMELESS VETERANS HAVE ACCESS TO PAID WORK EXPERIENCE FOR A PERIOD OF THREE TO SIX MONTHS. MEDICAL CARE - OUR COMMUNITY HEALTH INITIATIVE, A PARTNERSHIP WITH THE THOMAS JEFFERSON UNIVERSITY DEPARTMENT OF FAMILY & COMMUNITY MEDICINE, MAKES APPROXIMATELY 2,000 CONTACTS WITH PATIENTS ANNUALLY, PROVIDING COMMUNITY-BASED, HIGH-QUALITY HEALTH CARE AND HEALTH EDUCATION SERVICES TO THE ST. ELIZABETHS/DIAMOND STREET NEIGHBORHOOD IN NORTH PHILADELPHIA. WE WORK TO ENSURE OUR FORMERLY HOMELESS RESIDENTS OBTAIN HEALTH INSURANCE AND WE LINK OUR RESIDENTS TO PREVENTIVE HEALTH CARE SERVICES. - PARTNERSHIPS WITH COUNCIL FOR RELATIONSHIPS AND HOUSE OF HOPE AND PEACE ENABLE NEIGHBORS TO ACCESS BEHAVIORAL HEALTH SERVICES - INCLUDING INDIVIDUAL, CHILD, COUPLE AND FAMILY THERAPY, AS WELL AS WORKSHOPS ON STRESS MANAGEMENT, ANGER MANAGEMENT, PARENTING, BUILDING FAMILY AND COMMUNITY RESILIENCE, COPING WITH ANXIETY AND DEPRESSION, AND EMPOWERING THE SELF AND OTHERS TO ADDRESS VIOLENCE IN THE COMMUNITY. - WE ARE CURRENTLY DEVELOPING PLANS FOR A 30,000-SQUARE-FOOT WELLNESS CENTER, A FACILITY WHERE PROJECT H.O.M.E., THOMAS JEFFERSON UNIVERSITY AND OTHER PARTNERS WILL PROVIDE COMMUNITY-BASED, UNIQUELY INTEGRATED HEALTH AND WELLNESS SERVICES TARGETED TO THE NEEDS OF THE NORTH CENTRAL PHILADELPHIA COMMUNITY. EDUCATION - OUR HONICKMAN LEARNING CENTER AND COMCAST TECHNOLOGY LABS (HLCCTL), A STATE-OF-THE-ART, 38,000-SQUARE-FOOT TECHNOLOGY CENTER IN NORTH CENTRAL PHILADELPHIA, PROVIDES CRITICAL EDUCATIONAL AND WORKFORCE DEVELOPMENT PROGRAMS FOR NEIGHBORHOOD CHILDREN AND THEIR FAMILIES. TEEN AFTER SCHOOL, SATURDAY & SUMMER PROGRAMS, INCLUDING A COLLEGE ACCESS PROGRAM, ARE OFFERED. THE NORTH PHILLY FOOTSTOMPERS DRILL TEAM ALLOWS 25 YOUTH TO COMPETE IN LOCAL AND NATIONAL COMPETITIONS, AND OFFERS OPPORTUNITIES THAT CHANGE AND ENLARGE THEIR WORLD PERSPECTIVE WHILE BUILDING THEIR SELF-ESTEEM, LEADERSHIP AND DISCIPLINE. - A COLLABORATIVE EFFORT BETWEEN PROJECT H.O.M.E. AND GERMANTOWN ACADEMY RESULTED IN THE COMMUNITY PARTNERSHIP SCHOOL (CPS) AT THE HLCCTL. THIS INNOVATIVE, INDEPENDENT K-5 ELEMENTARY SCHOOL OFFERS A UNIQUE EDUCATIONAL OPPORTUNITY THAT COMBINES A RIGOROUS ACADEMIC CURRICULUM WITH TRAINING IN SOCIAL RESPONSIBILITY AND COMPREHENSIVE SERVICES FOR THE TALENTED, UNDERSERVED YOUNG CHILDREN IN NORTH PHILADELPHIA. AWARDS AND RECOGNITIONS - SISTER MARY SCULLION AND JOAN DAWSON MCCONNON RECEIVE THE NOTRE DAME LAETARE AWARD (2011) - SISTER MARY SCULLION IS SELECTED BY MORE MAGAZINE AS ONE OF THE "50 STRONGEST WOMEN" (2011) - SISTER MARY SCULLION IS SELECTED BY TIME MAGAZINE AS ONE OF THE "WORLD'S MOST INFLUENTIAL PEOPLE IN 2009" (2009) - SISTER MARY SCULLION AND JOAN DAWSON MCCONNON ARE SELECTED BY DUNKIN' DONUTS AND THE PHILADELPHIA EAGLES AS TWO OF THE "75 GREATEST LIVING PHILADELPHIANS" (2007) - PROJECT H.O.M.E. RECEIVES THE NATIONAL ALLIANCE TO END HOMELESSNESS NONPROFIT SECTOR ACHIEVEMENT AWARD (2005) - PROJECT H.O.M.E. RECEIVES THE NATIONAL LAW CENTER ON HOMELESSNESS AND POVERTY'S STAR AWARD FOR CONSTRUCTIVE, CREATIVE, INNOVATIVE AND REPLICABLE APPROACHES TO ENDING HOMELESSNESS (2004) - PROJECT H.O.M.E. RECEIVES THE CHARITY NAVIGATOR 4-STAR RATING FOR SOUND FISCAL MANAGEMENT (2004-2008) - PROJECT H.O.M.E. RECOGNIZED BY CBS NATIONAL NEWS AS A NATIONAL MODEL TO END HOMELESSNESS (2006) - PROJECT H.O.M.E. RECOGNIZED BY THE SAN FRANCISCO CHRONICLE AS A NATIONAL MODEL TO END HOMELESSNESS (2004) - PROJECT H.O.M.E. RECOGNIZED BY THE DENVER POST AS A NATIONAL MODEL TO END HOMELESSNESS (2004) - PROJECT H.O.M.E. RECOGNIZED BY THE NEW YORK TIMES AS A NATIONAL MODEL TO END HOMELESSNESS (2003) - PROJECT H.O.M.E. RECEIVES THE FORD FOUNDATION'S NATIONAL "LEADERSHIP FOR A CHANGING WORLD AWARD" (2002) - PROJECT H.O.M.E. RECOGNIZED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT AS ONE OF THE "100 BEST PRACTICES" (2000) - PROJECT H.O.M.E. RECOGNIZED BY PHILANTHROPY ROUNDTABLE AS ONE OF THE "16 MOST EFFICIENT AND INNOVATIVE CHARITIES WE KNOW OF ANYWHERE" (2000) FORM 990, PART VI, SECTION A, LINE 2 D. WALTER COHEN'S GRANDDAUGHTER, LAUREN MILLNER, IS AN EMPLOYEE OF PROJECT H.O.M.E. CLAIRE REICHLIN (FORMER BOARD MEMBER) AND LYNNE HONICKMAN (CURRENT BOARD MEMBER) ARE SISTER-IN-LAWS. PEDRO RAMOS AND SUSAN SHERMAN (BOTH PROJECT HOME BOARD MEMBERS) ARE BOTH ON THE BOARD OF TRUSTEES FOR THE INDEPENDENCE FOUNDATION WHO DONATES TO PROJECT H.O.M.E. CHARLENE TAYLOR, WALTER BROADNAX, HYACINTH KING, SISTER MARY SCULLION AND JOAN MCCONNON ARE ALL PAID EMPLOYEES OF PROJECT H.O.M.E. AND ALSO SERVE ON THE BOARD. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PRESENTED TO THE FINANCE AND AUDIT COMMITTEE BY THE OUTSIDE TAX ACCOUNTANTS AT THE JANUARY MEETING. ONCE APPROVED BY THIS COMMIITTEE, IT IS SENT ELECTRONICALLY TO ALL BOARD MEMBERS FOR THEIR REVIEW. THE BOARD MEMBERS SEND ANY COMMENTS/QUESTIONS TO THE CONTROLLER TO ADDRESS BEFORE THE FINAL FORM IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ALL KEY EMPLOYEES AND BOARD MEMBERS ARE REQUIRED TO COMPLETE AND SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY. THE FORMS ARE REVIEWED AND ANY CONFLICTS ARE SUMMARIZED AND REPORTED TO THE EXECUTIVE DIRECTOR, THE CHIEF FINANCIAL OFFICER AND THE CONTROLLER. FORM 990, PART VI, SECTION B, LINE 15 THE DIRECTOR OF HUMAN RESOURCES OBTAINED SURVEY DATA OF SALARY INFORMATION FOR COMPARABLE ORGANIZATIONS. SHE PREPARED A WRITE-UP OF THE INFORMATION AND IT WAS PRESENTED TO THE EXECUTIVE COMMITTEE OF THE BOARD FOR THEIR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 PROJECT H.O.M.E. MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. REQUESTS CAN BE PLACED VIA TELEPHONE, EMAIL OR IN WRITING. COPIES OF REQUESTED DOCUMENTS ARE SENT TO THE PUBLIC VIA EMAIL OR REGULAR MAIL. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 576,960. WRITE-OFF OF UNCOLLECTIBLE NOTES RECEIVABLE -835,471. TOTAL TO FORM 990, PART XI, LINE 5: -258,511. FORM 990, PART XI, LINE 2C; THE BOARD OF DIRECTORS ASSUMES THE RESPONSIBILITY OF APPOINTING AN INDEPENDENT ACCOUNTANT AS WELL AS OVERSEEING THE AUDIT OF PROJECT H.O.M.E.'S FINANCIAL STATEMENTS. THIS PROCESS IS UNCHANGED FROM THE PRIOR YEAR. 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