REBUILD METRO INC: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- REBUILD METRO INC (EIN 23-2671667)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-04-05
- IRS object ID
- 201140959349300514
- Schema version
- 2009v1.4
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-04-05T16:17:34-05:00 | Timestamp |
| Tax Period End Date | 2010-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RSM McGladrey Inc | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 512 Township Line Rd On Valley Sq 2 | AddressLine1 |
| City | Blue Bell | City |
| State | PA | State |
| ZIP Code | 19422 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 232671667 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | trf Development Partners inc | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | TRFD | NameControl |
| Phone | 2155745800 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Cast Iron Building 718 Arch Street | AddressLine1 |
| Address Line2 | No 300N | AddressLine2 |
| City | Philadelphia | City |
| State | PA | State |
| ZIP Code | 191061591 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MICHAEL M CRIST | Name |
| Title | PRESIDENT | Title |
| Phone | 2155745800 | Phone |
| Date Signed | 2011-03-30 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | CHRISTOPHER M PEKULA | Name |
| Phone | 2156418600 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | C Sean Closkey | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Cast Iron Building 718 Arch Street | AddressLine1 |
| Address Line2 | No 300N | AddressLine2 |
| City | Philadelphia | City |
| State | PA | State |
| ZIP Code | 191061591 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 851203 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.TRFDEVELOPMEMTPARTNERS.COM | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1991 | YearFormation |
| State Legal Domicile | PA | StateLegalDomicile |
| Activity Or Mission Description | TRF Development Partners assembles land, participates in real estate transactions and builds affordable homes in communities throughout the Mid-Atlantic, concentrating in areas where it can create opportunities for working families. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 6 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 4 | NbrIndependentVotingMembers |
| Total Nbr Employees | 5 | TotalNbrEmployees |
| Total Nbr Volunteers | 6 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 868956 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 441322 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 198791 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 373777 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 94427 | InvestmentIncomePriorYear |
| Investment Income Current Year | 36104 | InvestmentIncomeCurrentYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 1162174 | TotalRevenuePriorYear |
| Total Revenue Current Year | 851203 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 1259302 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 883639 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 801554 | OtherExpensePriorYear |
| Other Expenses Current Year | 1184230 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 2060856 | TotalExpensesPriorYear |
| Total Expenses Current Year | 2067869 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -898682 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -1216666 | RevenuesLessExpensesCY |
| Total Assets BOY | 15095165 | TotalAssetsBOY |
| Total Assets EOY | 15815694 | TotalAssetsEOY |
| Total Liabilities BOY | 15963308 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 17900503 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | -868143 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | -2084809 | NetAssetsOrFundBalancesEOY |
| Mission Description | TRF Development Partners assembles land, participates in real estate transactions and builds affordable homes in communities throughout the Mid-Atlantic, concentrating in areas where it can create opportunities for working families. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 1832823 | Expense |
| Revenue | 373777 | Revenue |
| Description | PARTICIPATE IN REAL ESTATE TRANSACTIONS TO CREATE OPPORTUNITY FOR DISADVANTAGED FAMILIES BY DIRECTING CAPITAL INTO DISTRESSED URBAN NEIGHBORHOODS. | Description |
| Total Program Service Expense | 1832823 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | 1 | BalanceSheetAmountsReported |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 1 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 25 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 5 | NumberOfEmployees |
| Employment Tax Returns Filed | 0 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Nbr Voting Governing Body Members | 6 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 4 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 0 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 0 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | PA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MD | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MICHAEL M CRIST | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 2155745800 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 718 ARCH STREET | AddressLine1 |
| City | PHILADELPHIA | City |
| State | PA | State |
| ZIP Code | 191061591 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (10 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|
| JEREMY NOWAK | ||||||||
| CHAIRman, BRD MMBR/PRES | 8.00 | X | X | 0 | 553313 | 33821 | ||
| JOHN BALL | ||||||||
| VICE CHAIRMAN OF BOARD | 8.00 | X | X | 0 | 0 | 0 | ||
| Arnie Graf | ||||||||
| Board MEMBER | 8.00 | X | 0 | 0 | 0 | |||
| Tad Glenn | ||||||||
| BoaRD MEMBER | 8.00 | X | 0 | 0 | 0 | |||
| LEE CASPER | ||||||||
| TREASURER | 8.00 | X | X | 0 | 0 | 0 | ||
| DONALD HINKLE-BROWN | ||||||||
| SECRETARY | 8.00 | X | X | 0 | 222372 | 29169 | ||
| C SEAN CLOSKEY | ||||||||
| PRESIDENT | 40.00 | X | 140345 | 0 | 21506 | |||
| graciela p cavicchia-kr | ||||||||
| officer | 40.00 | X | 112164 | 0 | 2883 | |||
| thomas c league | ||||||||
| employee | 40.00 | 102946 | 0 | 3356 | X | |||
| robert rosenthal | ||||||||
| officer | 40.00 | 160446 | 0 | 19840 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 515901 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 775685 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 110575 | TotalOtherCompensation |
| Number Individuals GT100 K | 4 | NumberIndividualsGT100K |
| Formers Listed | 1 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation
Name Of Contractor NameOfContractor
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | custom building systems | BusinessNameLine1 |
Address Of Contractor AddressOfContractor
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 custom avenue | AddressLine1 |
| City | middleburg | City |
| State | PA | State |
| ZIP Code | 17842 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Services | construction services | DescriptionOfServices |
| Compensation | 772381 | Compensation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 1 | NumberOfContractorsGT100K |
| Related Organizations | 366322 | RelatedOrganizations |
| All Other Contributions | 75000 | AllOtherContributions |
| Total Contributions | 441322 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | real estate revenue | Description |
| Business Code | 531390 | BusinessCode |
| Total Revenue Column | 373777 | TotalRevenueColumn |
| Related Or Exempt Function Income | 373777 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 373777 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 36104 | TotalRevenueColumn |
| Exclusion | $36,104 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 851203 | TotalRevenueColumn |
| Related Or Exempt Function Income | 373777 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $36,104 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 323726 | Total |
| Program Services | 323726 | ProgramServices |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 439854 | Total |
| Program Services | 322039 | ProgramServices |
| Management And General | 117815 | ManagementAndGeneral |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9059 | Total |
| Program Services | 6076 | ProgramServices |
| Management And General | 2983 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 54316 | Total |
| Program Services | 38189 | ProgramServices |
| Management And General | 16127 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 56684 | Total |
| Program Services | 47498 | ProgramServices |
| Management And General | 9186 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18215 | Total |
| Program Services | 15732 | ProgramServices |
| Management And General | 2483 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 26150 | Total |
| Program Services | 26150 | ProgramServices |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 214181 | Total |
| Program Services | 162322 | ProgramServices |
| Management And General | 51859 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7501 | Total |
| Program Services | 7077 | ProgramServices |
| Management And General | 424 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 93288 | Total |
| Program Services | 83289 | ProgramServices |
| Management And General | 9999 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 158 | Total |
| Program Services | 73 | ProgramServices |
| Management And General | 85 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 60696 | Total |
| Program Services | 48915 | ProgramServices |
| Management And General | 11781 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 35902 | Total |
| Program Services | 33839 | ProgramServices |
| Management And General | 2063 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7429 | Total |
| Program Services | 3623 | ProgramServices |
| Management And General | 3806 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 156291 | Total |
| Program Services | 156291 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12991 | Total |
| Program Services | 12991 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6744 | Total |
| Program Services | 4373 | ProgramServices |
| Management And General | 2371 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| INVENTORY VALUATION | 446604 | 446604 | |
| PRE-DEVELOPMENT COSTS | 72973 | 72973 | |
| STAFF costs | 10708 | 6644 | 4064 |
| dues, publications & su | 8191 | 8191 | |
| REGISTRATION FEES | 4409 | 4409 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1799 | Total |
| Program Services | 1799 | ProgramServices |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2067869 | Total |
| Program Services | 1832823 | ProgramServices |
| Management And General | 235046 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3181415 | BOY |
| EOY | 1655949 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 75000 | BOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 222229 | BOY |
| EOY | 471950 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 17293 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4516892 | BOY |
| EOY | 8124796 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7099629 | BOY |
| EOY | 5545706 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15095165 | BOY |
| EOY | 15815694 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 151219 | BOY |
| EOY | 174317 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19494 | BOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2595055 | BOY |
| EOY | 2371344 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9676666 | BOY |
| EOY | 10729914 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3520874 | BOY |
| EOY | 4624928 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15963308 | BOY |
| EOY | 17900503 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -943143 | BOY |
| EOY | -2084809 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 75000 | BOY |
| EOY | 0 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -868143 | BOY |
| EOY | -2084809 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15095165 | BOY |
| EOY | 15815694 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | X | SupportingOrganization509a3 |
| Supporting Org509a3 Type1 | X | SupportingOrg509a3Type1 |
| Certification Checkbox | X | CertificationCheckbox |
| Written IRS Determination | X | WrittenIRSDetermination |
| Contrib By Controlling Individual | 0 | ContribByControllingIndividual |
| Contribution By Related Party | 0 | ContributionByRelatedParty |
| Contrib By35 Controlled Entity | 0 | ContribBy35ControlledEntity |
Supported Org Information SupportedOrgInformation
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | the reinvestment fund inc | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 232331946 | EIN |
| Type Of Organization | 11A | TypeOfOrganization |
| Listed In Governing Doc | 1 | ListedInGoverningDoc |
| Supported Organization Notified | 1 | SupportedOrganizationNotified |
| Organized In US | 1 | OrganizedInUS |
| Amount | $0 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of Supported Orgs | 1 | TotalNumberOfSupportedOrgs |
| Sum Of Amounts | 0 | SumOfAmounts |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 0 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | marketable securities | Description |
| Book Value | 8124796 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 8124796 | TotalOfBookValueSecurities |
Other Assets OtherAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | property held for development or sale | Description |
| Book Value | 5545706 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 5545706 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| DUE TO AFFILIATES - trf | $3,066,410 |
| LOANS PAYABLE - TRF | $1,453,333 |
| interest payable | $105,185 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 4624928 | TotalOfAmounts |
| Total Revenue | 851203 | TotalRevenue |
| Total Expenses | 2067869 | TotalExpenses |
| Excess Or Deficit For Year | -1216666 | ExcessOrDeficitForYear |
| Excess Or Deficit Per FS | -1216666 | ExcessOrDeficitPerFS |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | FORM 990, SCHEDULE D, PART X, LINE 2: Accounting for Uncertainty in Income Taxes: The Organization is generally exempt from federal income taxes under the provisions of Section 501(c)(3) of the Internal Revenue Code. In addition, the Organization qualifies for charitable contribution deductions and has been classified as an organization that is not a private foundation. Income which is not related to exempt purposes, less applicable deductions, is subject to federal and state corporate income taxes. The Organization had no net unrelated business income tax for the years ended June 30, 2010 and 2009, respectively. On July 1, 2009, the Organization adopted the accounting guidance on accounting for uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded on the financial statements. Under this guidance, the Organization may recognize the tax benefit from an uncertain tax position only if it is more-likely-than-not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The guidance on accounting for uncertainty in income taxes also addresses de-recognition, classification, interest and penalties on income taxes, and accounting in interim periods. Management evaluated the Organization's tax positions and concluded that the Organization had taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of this guidance. Consequently, no accrual for interest and penalties was deemed necessary for the year ended June 30, 2010. The Organization files income tax returns in the U.S. federal jurisdiction. With few exceptions, the Organization is no longer subject to income tax examinations by the U.S. federal, state or local tax authorities for years before 2006. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 1 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (4 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JEREMY NOWAK | |||||||||||||
| 0 | 252263 | 0 | 300000 | 0 | 1050 | 0 | 0 | 0 | 33821 | 0 | 587134 | 0 | 0 |
| DONALD HINKLE-BROWN | |||||||||||||
| 0 | 220020 | 0 | 0 | 0 | 2352 | 0 | 0 | 0 | 29169 | 0 | 251541 | 0 | 0 |
| C SEAN CLOSKEY | |||||||||||||
| 139721 | 0 | 0 | 0 | 624 | 0 | 0 | 0 | 21506 | 0 | 161851 | 0 | 0 | 0 |
| robert rosenthal | |||||||||||||
| 108034 | 0 | 0 | 0 | 52412 | 0 | 0 | 0 | 19840 | 0 | 180286 | 0 | 0 | 0 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Form 990, Part VI, Section B, line 11 | The Organization has engaged an independent firm (RSM McGladrey, Inc.) to prepare Form 990 in accordance with our audited consolidated financial statements. The Form 990 is then reviewed by management and TRF's Audit and Finance Committee which is a sub-committee of the full board with fiscal and fiduciary oversight. |
| Form 990, Part VI, Section B, line 12c | Comprehensive conflict of interest questionnaire is distributed annually to all board and committee members. Upon receipt of the questionnaire, all board and committee members have 60 days to return the completed questionnaire to the organization's human resource department. The completed questionnaires are reviewed and monitored by the human resource department and any potential conflicts are communicated to the Organization's management and board. |
| Form 990, Part VI, Section B, line 15 | The executive committee of the Board of Directors determines the compensation of the organization's CEO through a variety of sources, including competitor data and surveys. Additionally, the organization has engaged the services of an independent consultant to provide an opinion on the reasonableness of the compensation plan for the CEO and three top management officials using comparative data and survey data. The opinion letter for the CEO compensation is sent directly to the Chairman of the Board. The opinion letter for the three top management officials is sent directly to the CEO. |
| Form 990, Part VI, Section C, line 19 | THE ORGANIZATION MAKES IT'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST STATEMENT, FORM(S) 1023, 990 AND FINANCIAL STATEMENT AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST THROUGH ITS OFFICES AT 718 ARCH STREET, SUITE 300N, PHILADELPHIA, PA 19106. GOVERNING DOCUMENT REQUESTS ARE EVALUATED AND PROVIDED ON A CASE BY CASE BASIS. The Organization's consolidated financial statements are also available on The Reinvestment Fund's website. |
| Form 990, Part Xi, Line 2c: the process has not changed from the prior year. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI (7 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Total IncomeTotalIncome | EOY AssetsEOYAssets | Business Name Line1DirectControllingEntityName/BusinessNameLine1 |
|---|---|---|---|---|---|---|---|---|---|
| TRF DEVELOPMENT PARTNERS - PHILADELPHIA LLC | |||||||||
| 718 ARCH STREET | PHILADELPHIA | PA | 19106 | 208007552 | rEAL ESTATE investment for disadvantaged communities | DE | 31226 | 316787 | TRF Development Partners Inc |
| TRF DP RIDGE AVENUE LLC | |||||||||
| 718 ARCH STREET | PHILADELPHIA | PA | 19106 | 208323524 | REAL ESTATE investment for disadvantaged communities | NJ | 101663 | 3828458 | TRF Development Partners Inc |
| TRF DEVELOPMENT PARTNERS - CHESTER LLC | |||||||||
| 718 ARCH STREET | PHILADELPHIA | PA | 19106 | 263885238 | REAL ESTATE investment for disadvantaged communities | DE | 5989 | 988951 | TRF Development Partners Inc |
| TRF DEVELOPMENT PARTNERS - BALTIMORE LLC | |||||||||
| 718 ARCH STREET | PHILADELPHIA | PA | 19106 | 204974859 | rEAL ESTATE investment for disadvantaged communities | DE | -268580 | 8718720 | TRF Development Partners Inc |
| TRF DEVELOPMENT PARTNERS - OLIVER LLC | |||||||||
| 718 ARCH STREET | PHILADELPHIA | PA | 19106 | 260620985 | rEAL ESTATE investment for disadvantaged communities | DE | 1052198 | 2640923 | TRF Development Parterns - BALTIMORE LLC |
| trf - dp 1500 llc | |||||||||
| 718 ARCH STREET | pHILADELPHIA | PA | 19106 | 264788224 | REAL ESTATE investment for disadvantaged communities | DE | 78250 | 58173 | TRF Development Parterns - BALTIMORE LLC |
| trf - dp 8 llc | |||||||||
| 718 ARCH STREET | pHILADELPHIA | PA | 19106 | 270881428 | rEAL ESTATE investment for disadvantaged communities | DE | 0 | 43609 | TRF Development Parterns - BALTIMORE LLC |
Form990 Schedule R Part II Form990ScheduleRPartII (4 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Business Name Line1DirectControllingEntityName/BusinessNameLine1 |
|---|---|---|---|---|---|---|---|---|---|
| THE REINVESTMENT FUND INC | |||||||||
| 718 ARCH STREET | PHILADELPHIA | PA | 19106 | 232331946 | reinvestment into low-wealth communities | PA | 501(C)(3) | 9 | |
| TRF ENTERPRISE FUND INC | |||||||||
| 718 ARCH STREET | PHILADELPHIA | PA | 19106 | 233010796 | financial investment into under-served communities | PA | 501(C)(3) | 11 | THE REINVESTMENT FUND INC |
| TRF PRIVATE EQUITY INC | |||||||||
| 718 ARCH STREET | PHILADELPHIA | PA | 19106 | 311481669 | business development for disadvantage communities | PA | 501(C)(3) | 11 | THE REINVESTMENT FUND INC |
| TRF COLLABORATIVE LENDING INITIATIVE | |||||||||
| 718 ARCH STREET | PHILADELPHIA | PA | 19106 | 232765410 | REAL ESTATE investment for disadvantaged communities | PA | 501(C)(3) | 11 | THE REINVESTMENT FUND INC |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 1 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 1 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 1 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (5 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved |
|---|---|
| TRF DEVELOPMENT PARTNERS - BALTIMORE LLC | |
| P | 210000 |
| TRF DEVELOPMENT PARTNERS - PHILADELPHIA LLC | |
| B | 41338 |
| TRF DEVELOPMENT PARTNERS - PHILADELPHIA LLC | |
| P | 150000 |
| TRF DEVELOPMENT PARTNERS - RIDGE AVE LLC | |
| O | 187373 |
| TRF DEVELOPMENT PARTNERS - RIDGE AVE LLC | |
| P | 150000 |
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