2011-11-15T10:46:04-06:00 2010-12-31 EISNERAMPER LLP 101 WEST AVENUE PO BOX 458 JENKINTOWN PA 190460458 990 2010-01-01 521693162 BEECH INTERPLEX INC BEEC 2157638824 1510 CECIL B MOORE AVE NO 300 PHILADELPHIA PA 19121 KENNETH SCOTT 2157638824 2011-11-15 1 2158818800 2010 2016-03-07 17:11:31Z KENNETH SCOTT 1510 CECIL BMOORE AVENUE SUITE 300 PHILADELPHIA PA 19121 4496027 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) 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. 6 3 4 0 0 0 245513 26989 4466321 4464653 249520 4385 0 0 4961354 4496027 67003 49429 0 0 729818 742406 0 0 0 3389186 3620739 4186007 4412574 775347 83453 25155839 41183031 24119231 40062970 1036608 1120061 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 1112209 1147792 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. 2994107 3316861 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) 49429 49429 GRANTS TO AFFILIATED COMPANIES:FINANCIAL CONTRIBUTIONS TO AFFILIATED ORGANIZATION TO FUND COMMUNITY SERVICE ACTIVITIES AND PROMOTE THE REVITALIZATION OF THE CECIL B. MOORE AREA AND OTHER COMMUNITIES IN NORTH CENTRAL PHILADELPHIA. 4155745 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 3 0 1 4 1 0 0 0 0 0 0 0 0 0 0 X 6 3 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 1 1 0 0 PA X MANAGEMENT 2157638824 1510 CECIL B MOORE AVE PHILADELPHIA PA 19121 FLOYD ALSTON 1.00 X 0 0 4000 RICHARD BAZELON ESQ 2.00 X 0 0 0 REV WILLIAM B MOORE 2.00 X 0 0 0 DR BERNARD C WATSON 1.00 X 0 0 0 SHIRLEY GREGORY 2.00 X 0 0 0 DR FLOYD BAKER 1.00 X 0 0 0 MR JAMES S WHITE 1.00 X 0 0 0 KENNETH SCOTT 40.00 X X 120000 0 25707 ROBERT SMITH 40.00 X 89537 0 12972 LARRY GRIFFIN 40.00 X 95000 0 3582 304537 0 46261 1 0 0 0 0 26989 26989 BEECH LLC RENTAL AND O 532000 3316861 3316861 RENTAL INCOME 532000 786198 786198 DEVELOPER, MGMT & ADMI 561000 361594 361594 4464653 4385 4385 4496027 4464653 0 4385 49429 49429 355338 228819 126519 252747 252747 4099 4099 83129 83129 47093 39018 8075 164268 164268 33018 33018 49378 49378 188821 188821 24769 24769 73583 46786 26797 464977 464977 2647 2647 154840 154840 789132 789132 87799 82337 5462 BOND INTEREST EXPENSE 919779 919779 REPAIRS & MAINTENANCE 370064 370064 UNIT TELEPHONE MONITORI 123522 123522 LEASE PARTICIPATION FEE 74889 74889 OUTSIDE SERVICES 38410 38410 60843 53263 7580 4412574 4155745 256829 0 946047 1138902 2978887 16033110 35615 230618 35580 34737 26986625 5173884 19501617 21812741 1658093 1932923 25155839 41183031 236813 372671 1542142 1428981 16945000 33880000 4517526 3767513 877750 613805 24119231 40062970 X 1036608 1120061 1036608 1120061 25155839 41183031 83453 0 X X 0 1 1 X 0 X 163343 342262 111500 245513 26989 889607 3664816 3902126 4113282 4466321 4464653 20611198 3828159 4244388 4224782 4711834 4491642 21500805 0 373718 508205 520731 444813 1847467 373718 508205 520731 444813 1847467 19653338 106349 136165 50387 249520 4385 546806 106349 136165 50387 249520 4385 546806 3934508 4380553 4275169 4961354 4496027 22047611 0.89140 0.87250 0.02480 0.03130 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1624069 1624069 24311858 4222149 20089709 1043698 951735 91963 7000 7000 21812741 SECURITY DEPOSITS 10106 SECURITY DEPOSITS, STUDENT HOUSING 92847 UNAMORTIZED BOND PREMIUM/DISCOUNT -50634 ACCRUED BOND INTEREST PAYABLE 460011 PREPAID RENT 101475 613805 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: BEECH IS A TAX-EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THEREFORE, THE COMBINED FINANCIAL STATEMENTS DO NOT INCLUDE A PROVISION FOR INCOME TAXES. PURSUANT TO THE NEW ACCOUNTING GUIDANCE CONCERNING PROVISIONS FOR UNCERTAIN INCOME TAX POSITIONS, THERE ARE NO UNCERTAIN INCOME TAX POSITIONS. THE FEDERAL AND STATE TAX RETURNS OF THE ORGANIZATION FOR THE YEARS ENDED AFTER DECEMBER 31, 2006 ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND OTHER VARIOUS TAXING AUTHORITIES. THE ORGANIZATION RECOGNIZES ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS, IF ANY, AS A MISCELLANEOUS EXPENSE. THERE WAS NO INCOME TAX RELATED INTEREST AND PENALTIES RECORDED FOR THE YEAR ENDED DECEMBER 31, 2010 AND 2009, RESPECTIVELY. 0 BEECH COMMUNITY SERVICES 1510 CECIL B MOORE AVENUE PHILADELPHIA PA 19121 204968928 501(C)(3) 46995 CASH FINANCIAL CONTRIBUTIONS TO AFFILIATED ORGANIZATION TO FUND COMMUNITY SERVICE ACTIVITIES AND PROMOTE THE REVITALIZATION OF THE CECIL B. MOORE AREA AND OTHER COMMUNITIES IN NORTH CENTRAL PHILADELPHIA. BEECH CAPITAL VENTURE CORPORATION 1510 CECIL B MOORE AVENUE PHILADELPHIA PA 19121 233100744 501(C)(3) 1856 CASH FINANCIAL CONTRIBUTIONS TO AFFILIATED ORGANIZATION TO PROMOTE THE REVITALIZATION OF THE CECIL B. MOORE AREA AND OTHER COMMUNITIES IN NORTH CENTRAL PHILADELPHIA. REDEVELOPMENT AUTHORITY OF THE CITY OF PHILADELPHIA 236005062 717868CB7 2003-09-30 17882983 CONSTRUCTION OF STUDENT HOUSING FOR TEMPLE UNIVERSITY IN PHILADELPHIA, PA 0 0 0 PHILADELPHIA AUTHORITY FOR INDUSTRIAL DEVELOPMENT 232237287 7178185C8 2010-09-08 17029650 CONSTRUCTION OF INTERNATIONAL STUDENT HOUSING FOR TEMPLE UNIVERSITY IN PHILA 0 0 0 17882983 1220563 357660 1162222 15142538 2004 0 0 1 1 17029650 665438 339700 16024512 2011 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 XI, 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. BEECH LLC (SINGLE MEMBER LLC DISREGARDED ENTITY) 1510 CECIL B MOORE AVE PHILADELPHIA PA 19121 760740165 OPERATION OF STUDENT HOUSING FOR TEMPLE UNIVERSITY IN PHILADELPHIA, PA PA 3319508 17182527 N/A BEECH INTERNATIONAL LLC (SINGLE MEMBER LLC DISREGARDED ENTITY) 1510 CECIL B MOORE AVE PHILADELPHIA PA 19121 272967019 OPERATION OF INTERNATIONAL STUDENT HOUSING FOR TEMPLE UNIVERSITY IN PHILA PA PA 0 17065803 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 AREAS PA 501(C)(3) 170(B)(1)(A)(VI) 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) 170(B)(1)(A)(VI) 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) 509(A)(3) N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 BEECH COMMUNITY SERVICES B 46995 CASH BEECH CAPITAL VENTURE CORPORATION B 1856 CASH