2012-11-14T15:54:47-06:00 2011-12-31 232932984 PARENTEBEARD LLC 320W MARKET STREET 6TH FLOOR PO BOX HARRISBURG PA 17108 990 2011-01-01 231929262 HARRISTOWN DEVELOPMENT CORPORATION HARR 7172365061 PO BOX 1224 HARRISBURG PA 17108 ANDREW S MCCLEAF 7172551044 2012-11-14 1 STEVEN J MASTERSON P00026744 7172361100 2011 2016-02-24 21:20:13Z RUSSELL FORD PO BOX 1224 HARRISBURG PA 17108 18318404 0 9188 X WWW.HARRISTOWN.NET X 1974 PA COMMUNITY DEVELOPMENT 17 14 0 17 0 0 0 0 19189580 16513249 1423874 1296109 142366 81835 20755820 17891193 0 0 0 0 3068937 40295 0 0 0 17266218 18031429 20335155 18071724 420665 -180531 31574283 31816714 28188021 26373214 3386262 5443500 X PROMOTE, PROVIDE & INCREASE SOCIAL, CULTURAL AND ECONOMIC ACTIVITY. EXCEL IN URBAN PLANNING AND DEVELOPMENT. OPERATE AND MANAGE EFFICIENTLY, EFFECTIVELY AND ETHICALLY. PARTNER WITH PUBLIC, PRIVATE AND NON-PROFIT GROUPS AND INDIVIDUALS. LINK THE DOWNTOWN TO HARRISBURG'S REGIONAL COMMUNITY. ENHANCE IN ALL WAYS POSSIBLE DOWNTOWN'S QUALITY AND CHARACTER OF LIFE FOR ALL RESIDENTS, BUSINESSES, EMPLOYEES, CUSTOMERS AND VISITORS. 0 0 15264461 16513249 THE CORPORATION WAS INCORPORATED AS A PENNSYLVANIA NONPROFIT CORPORATION FORMED FOR THE PURPOSE OF COMBATING COMMUNITY DETERIORATION; AMELIORATING THE PROBLEMS OF CRIME AND JUVENILE DELINQUENCY; ENHANCING THE QUALITY OF THE SOCIAL, CULTURAL AND ECONOMIC LIFE OF THE COMMUNITY; AND PROMOTING PARTICIPATION IN COMMUNITY DEVELOPMENT. IN ACCORDANCE WITH THE GOALS SET FORTH ABOVE, THE CORPORATION PROVIDES PLANNING, PROPERTY MANAGEMENT, STUDENT HOUSING AND DIRECT AND INDIRECT PARTICIPATION IN THE REDEVELOPMENT AND REVITALIZATION OF THE CENTRAL BUSINESS DISTRICT IN THE CITY OF HARRISBURG, PENNSYLVANIA. THE RESULTS OF THE DIRECT EFFORTS INCLUDE A HOTEL AND CONVENTION CENTER; A RETAIL MALL; COMMERCIAL OFFICES; RESIDENTIAL AND STUDENT HOUSING; PARKING GARAGES; A RENOVATED TRANSPORTATION CENTER AND BUS TRANSFER STATION; A SCIENCE CENTER; AND SUBSTANTIAL INFRASTRUCTURE IMPROVEMENTS INCLUDING CURBS, SIDEWALKS, STREETLIGHTS AND SUCH AMENITIES AS TREES AND TRAFFIC PULL-OFFS, ALL DESIGNED IN THE BEST INTERESTS OF THE CITIZENS OF THE CITY. THE INDIRECT EFFORTS, PRIMARILY REFINANCING AND PLANNING ASSISTANCE TO PRIVATE DEVELOPERS, HAVE PRODUCED ALMOST TWO HUNDRED HOUSING UNITS AND SEVERAL RENOVATED BUILDINGS CONTAINING STOREFRONTS AND APARTMENTS. THE CORPORATION ACHIEVES ITS OBJECTIVES WITHOUT AWARDING GRANTS OR ALLOCATING FUNDS BEYOND ITS OWN CORPORATE STRUCTURE. 15264461 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 5 0 0 0 0 0 0 0 0 X 17 14 1 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X ANDREW S MCCLEAF VP TREASURER & CFO 7172365061 11 NORTH THIRD STREET HARRISBURG PA 171011702 WILLIAM H ALEXANDER 1.00 X X 0 0 0 ISAAC MISHKIN 1.00 X 0 0 0 BRENT L RICHMOND 1.00 X 0 0 0 THOMAS B SCHMIDT III 1.00 X 0 0 0 DAVID E BLACK 1.00 X 0 0 0 CHRISTOPHER P MARKLEY 1.00 X 0 0 0 RAYMOND B HARRIS III 1.00 X 0 0 0 JOHN O CAMPBELL 1.00 X 0 0 0 KRISTEN OLEWINE MILKE 1.00 X 0 0 0 CAROL P COCHERES 1.00 X 0 0 0 KAREN YARRISH 1.00 X 0 0 0 DANIEL J ALDERMAN 1.00 X 0 0 0 BARBARA SEILER 1.00 X 0 0 0 CAROLYNE L SMITH 1.00 X 0 0 0 MARY WEBBER WESTON 1.00 X X 0 0 0 BLAIR S TROGNER SR 1.00 X 0 0 0 DEAN A WEIDNER 1.00 X 0 0 0 RUSSELL C FORD 40.00 X 0 313504 40267 CAROL GREEN ROSSI 40.00 X 0 112761 4609 NADINE AKIM 40.00 X 0 59921 815 NEAL WEST 40.00 X 0 230340 24423 BRADLEY JONES 40.00 X 0 132372 12501 PATRICIA MCPOYLE 40.00 X 0 41078 6542 ANDREW MCCLEAF 40.00 X 0 121998 11656 WILLIAM KOHL 40.00 X 0 268324 24008 SHARON HASSINGER 40.00 X 0 155810 11954 0 1436108 136775 0 1 1 0 PARENTEBEARD LLC PO BOX 8500 PHILADELPHIA PA 191787831 AUDIT & TAX SERVICES 100365 1 RENTAL INCOME 531120 16513249 16513249 16513249 1367685 1367685 355635 427211 -71576 -71576 -71576 MISCELLANEOUS 900099 81835 81835 81835 17891193 16595084 0 1296109 40295 40295 38623 38623 101127 101127 46923 46923 4476718 2245870 2230848 10168988 10168988 1674412 1674412 558496 558496 99284 99284 OPERATIONS AND MAINTENA 517411 517411 EQUITY IN NET LOSS OF E 369536 369536 MISCELLANEOUS -20089 -20089 18071724 15264461 2807263 0 1350840 2678189 7562543 7872992 2706368 1278625 16595135 15723440 82043 35406 18518689 16027185 3274745 2491504 2609 1736558 31574283 31816714 691293 938922 767533 698378 23606125 21937016 3123070 2798898 28188021 26373214 X 3386262 5443500 3386262 5443500 31574283 31816714 X -180531 2237769 X X 0 1 1 X 0 1 1 1 19464 19464 1513954 1191347 322607 17004735 14835838 2168897 2491504 INVESTMENTS IN AFFILIATES 1736558 1736558 REPLACEMENT RESERVES 1818001 OTHER CURRENT LIABILITIES 980897 2798898 17891193 18071724 -180531 -5423 2243192 2237769 2057238 17885770 -5423 -5423 17891193 0 17891193 18071724 0 18071724 0 18071724 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE CORPORATION ADOPTED THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) NEW ACCOUNTING STANDARD RELATED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AS OF JANUARY 1, 2009. THE CORPORATION HAS EVALUATED ITS TAX POSITIONS AS OF DECEMBER 31, 2011 AND 2010. A TAX POSITION IS RECOGNIZED AS A BENEFIT ONLY IF IT IS "MORE LIKELY THAN NOT" THAT THE TAX POSITION WOULD BE SUSTAINED IN TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX BENEFIT THAT HAS A LIKELIHOOD OF BEING REALIZED ON EXAMINATION OF MORE THAN 50 PERCENT. FOR TAX POSITIONS NOT MEETING THE "MORE LIKELY THAN NOT" TEST, NO TAX BENEFIT IS RECORDED. UNDER THE "MORE LIKELY THAN NOT" THRESHOLD GUIDELINES, THE CORPORATION BELIEVES NO SIGNIFICANT UNCERTAIN TAX POSITIONS EXIST, EITHER INDIVIDUALLY OR IN THE AGGREGATE, THAT WOULD RESULT IN RECOGNITION OF A LIABILITY FOR UNRECOGNIZED TAX BENEFITS OR ACCRUED INTEREST AND PENALTIES AS OF DECEMBER 31, 2011 AND 2010. PART XI, LINE 8 - OTHER ADJUSTMENTS: CAPITAL CONTRIBUTED TO HARRISBURG REALTY IMPROVEMENT COMPANY -425,000. ADJUSTMENT FOR ACCUMULATED INVESTMENT IN HARRISTOWN ENTERPRISES,INC. 2,668,192. TOTAL TO SCHEDULE D, PART XI, LINE 8: 2,243,192. X X X 0 1 1 0 1 0 1 0 0 RUSSELL C FORD 0 311504 0 2000 0 0 0 33183 0 7084 0 353771 0 0 NEAL WEST 0 228340 0 2000 0 0 0 17573 0 6850 0 254763 0 0 WILLIAM KOHL 0 212832 0 55492 0 0 0 15947 0 8061 0 292332 0 0 SHARON HASSINGER 0 153810 0 2000 0 0 0 5360 0 6594 0 167764 0 0 PART I, LINES 4B-C PARTICIPANTS IN 457(F) PLAN: FORD, KOHL, WEST. PART I, LINE 4C: WILLIAM KOHL-PHANTOM STOCK OPTION PLAN BASED ON THE HYPOTHETICAL MARKET VALUE OF PARTNERSHIP UNITS IN HARRISBURG HOTEL ASSOCIATES, LP, AN AFFILIATE OF HARRISTOWN DEVELOPMENT CORPORATION. PART I, LINE 6 WILLIAM KOHL - $55,492 BONUS ACCRUED IN 2010 BASED ON THE NET REVENUES OF VARIOUS MANAGED COMPONENTS OF HARRISBURG HOTEL CORPORATION, AN AFFILIATE OF HARRISTOWN DEVELOPMENT CORPORATION. THIS BONUS WAS PAID IN FULL DURING 2011. MT BANK JOHN CAMPBELL, DIRECTOR, IS AN OFFICER OF M&T BANK 1998674 LOAN PAYMENTS TO M&T BANK OF WHICH MR. CAMPBELL IS AN OFFICER 0 FORM 990, PART VI, SECTION A, LINE 2 CHAIR WILLIAM ALEXANDER IS A DIRECTOR OF PENN NATIONAL INSURANCE WHERE DIRECTOR KAREN YARRISH IS AN OFFICER. DIRECTOR CHRISTOPHER MARKLEY IS AN OFFICER OF PINNACLE HEALTH SYSTEMS. PINNACLE HEALTH SYSTEMS LEASES A PARKING LOT FROM AN AFFILIATE OF HARRISTOWN DEVELOPMENT CORPORATION, HARRISBURG REALTY IMPROVEMENT CORPORATION (HRIC). DIRECTOR CHRISTOPHER MARKLEY IS A SENIOR VICE PRESIDENT FOR PINNACLE HEALTH SYSTEMS WHERE DIRECTOR JOHN CAMPBELL IS A BOARD MEMBER. WILLIAM KOHL, FORMER SENIOR VICE PRESIDENT, IS PRESIDENT OF PENNSYLVANIA PARTNERSHIP FOR CULTURE HEALTH AND EDUCATION WHERE DIRECTORS MARY WEBBER WESTON AND KRISTEN OLEWINE MILKE ARE BOARD MEMBERS. MR. KOHL WAS NOT AN OFFICER OF THE CORPORATION DURING 2011. HE WAS AN OFFICER OF AFFILIATED ORGANIZATIONS IN 2011. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS DISTRIBUTED TO EACH CORPORATE OFFICER COINCIDING WITH THE DISTRIBUTION TO THE BOARD OF DIRECTORS. THE FORM IS METICULOUSLY REVIEWED BY THE VICE PRESIDENT OF FINANCE BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C AN ANNUAL QUESTIONNAIRE IS DISTRIBUTED TO ALL DIRECTORS AND OFFICERS. THIS QUESTIONNAIRE REQUESTS DISCLOSURE OF ALL BUSINESS INTERESTS OF THE INDIVIDUAL AND IMMEDIATE FAMILY MEMBERS. MANAGEMENT REVIEWS THE DISCLOSURES FOR CONFLICTS. PERSONS WITH A CONFLICT RECUSE THEMSELVES FROM ACTING UPON CERTAIN TRANSACTIONS INVOLVING A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE HUMAN RESOURCES COMMITTEE ANNUALLY REVIEWS THE COMPENSATION OF ALL EMPLOYEES OF THE ORGANIZATION AND THE COMPONENTS OF THE ORGANIZATION'S BENEFIT PACKAGE. THE COMMITTEE IS ALSO RESPONSIBLE FOR APPROVING THE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER. THE CHAIR OF THE COMMITTEE SUBSEQUENTLY WRITES A LETTER TO THE CHIEF EXECUTIVE OFFICER DOCUMENTING THE COMMITTEE'S APPROVAL OF THE CHIEF EXECUTIVE OFFICER'S COMPENSATION AND ITS REVIEW OF THE ORGANIZATION'S TOTAL COMPENSATION AND BENEFITS PACKAGE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE FOR REVIEW UPON REQUEST AT ITS CORPORATE OFFICES. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -5,423. CAPITAL CONTRIBUTED TO HARRISBURG REALTY IMPROVEMENT COMPANY -425,000. ADJUSTMENT FOR ACCUMULATED INVESTMENT IN HARRISTOWN ENTERPRISES,INC. 2,668,192. TOTAL TO FORM 990, PART XI, LINE 5: 2,237,769. OVERSIGHT FOR THE ANNUAL AUDIT IS NOW PROVIDED BY HARRISTOWN ENTERPRISES, INC. AFFILIATES NOT INCLUDED IN THIS RETURN PAGE 1, ITEM H(B) HARRISBURG REALTY IMPROVEMENTS CORPORATION IS AN AFFILIATE COVERED BY THIS ORGANIZATION'S GROUP EXEMPTION NUMBER. HARRISBURG REALTY IMPROVEMENTS CORPORATION FILES A SEPARATE FOR 990 SERIES RETURN OF ORGANIZATION EXEMPT FROM FROM INCOME TAX. 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PLEDGED ON LINE OF CREDIT HARRISBURG PROPERTY SERVICES INC O 3196909 PROPERTY MANAGEMNET/SECURITY SVCS HARRISTOWN ENTERPRISES INC B 212903 CONTRIBUTED CAPITAL HARRISTOWN ENTERPRISES INC A 350000 DIVIDEND INCOME HARRISBURG REALTY IMPROVEMENTS CORPORATION B 425000 CONTRIBUTED CAPITAL HARRISTOWN ENTERPRISES INC C 425000 CONTRIBUTED CAPITAL HARRISTOWN ENTERPRISES INC O 2230848 FINANCIAL MANAGEMENT/HR SERVICES