Mt Airy Usa
- Assets
- $4.4m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 12
- Location
- Philadelphia, PA
- Founding
- 05/1984
- Data as of
- 06/2022
- EIN
- 22-2526396
Organization Overview
Mt Airy Usa, operating under the name Mt Airy Cdc, is located in Philadelphia, PA. The organization was established in 1984. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Mt Airy Cdc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mt Airy Cdc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Mt Airy Cdc generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $2.0m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVATION, EMPOWERMENT AND ADVANCEMENT OF A VIBRANT MT. AIRY SECTION OF PHILADELPHIA
Describe the Organization's Program Activity:
Part 3 - Line 4a
REAL ESTATE DEVELOPMENT WORK TO REMOVE BLIGHT, PUSH MARKETS, AND ATTRACT PRIVATE INVESTMENT TO COMMERCIAL CORRIDORS AND RESIDENTIAL NEIGHBORHOODS THROUGH SCATTERED-SITE RESIDENTIAL REHAB AND LARGE-SCALE MIXED-USE DEVELOPMENT, AS WELL AS TRANSIT-ORIENTED DEVELOPMENT. IN ADDITION, THE ORGANIZATION SELF-MANAGES ITS REAL ESTATE PORTFOLIO AND PROVIDES AN ARRAY OF PROPERTY MANAGEMENT SERVICES. REGULAR SERVICES INCLUDE LEASE MANAGEMENT AND TENANT NEGOTIATION, PERFORMANCE OF ONGOING MAINTENANCE AND CAPITAL IMPROVEMENT PROJECTS, ANALYSIS OF PORTFOLIO FINANCIAL PERFORMANCE, PREPARATION OF ANNUAL PROPERTY BUDGETS, MAINTENANCE OF LOAN PORTFOLIO COMPLIANCE AND RISK MANAGEMENT.
NEIGHBORHOOD PROGRAMS WORK TO IMPROVE THE QUALITY OF LIFE FOR NEIGHBORS THROUGH SERVICES, HOUSING COUNSELING TO FIRST-TIME HOMEBUYERS AND DISTRESSED HOMEOWNERS.
COMMUNITY PROGRAMS WHICH INCLUDE THE MT. AIRY SCHOOLS COALITION, THE HEALTHY AGING INITIATIVE, LOVETT PARK PROGRAMMING, AND VARIOUS COMMUNITY EVENTS SUCH AS SUPPER SESSIONS ON THE AVENUE, MOONLIGHT MOVIES, MT. AIRY MONDAY MARKETS, AND AUTUMN ON THE AVENUE.
BUSINESS DISTRICT REVITALIZATION WORK TO IMPROVE THE BUSINESS CLIMATE ALONG MT. AIRY'S MAIN STREET, GERMANTOWN AVENUE, THROUGH STREETSCAPE AND PLACE-MAKING IMPROVEMENTS AND THE OPERATION OF A PROGRAM TO PROVIDE BUSINESS OWNERS WITH A HOST OF SERVICES INCLUDING MARKETING, TECHNICAL ASSISTANCE AND EVENT PLANNING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarajane Blair Int Ed Thru 0222 Interim Executive Director | Officer | 40 | $53,885 |
Peggy Zwerver Treasurer | OfficerTrustee | 2 | $0 |
Ashley Via Maass President | OfficerTrustee | 4 | $0 |
Philip Dawson Executive Director | Officer | 40 | $0 |
Howard Treatman Board Member | Trustee | 1 | $0 |
Parris Hall Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $213,027 |
| All other contributions, gifts, grants, and similar amounts not included above | $351,337 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $564,364 |
| Total Program Service Revenue | $778,241 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,347,385 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $67,152 |
| Compensation of current officers, directors, key employees. | $3,516 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $454,603 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $67,712 |
| Payroll taxes | $34,459 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20 |
| Fees for services: Accounting | $103,623 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $298,262 |
| Advertising and promotion | $24,888 |
| Office expenses | $25,552 |
| Information technology | $28,449 |
| Royalties | $0 |
| Occupancy | $125 |
| Travel | $789 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $176,075 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $147,243 |
| Insurance | $50,505 |
| All other expenses | $49,491 |
| Total functional expenses | $1,970,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $672,089 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $211,450 |
| Accounts receivable, net | $72,630 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,199,681 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $262,323 |
| Total assets | $4,418,173 |
| Accounts payable and accrued expenses | $135,356 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,573,263 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $32,926 |
| Total liabilities | $3,741,545 |
| Net assets without donor restrictions | $30,428 |
| Net assets with donor restrictions | $646,200 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,418,173 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Mt Airy Usa has recieved totaling $374,070.
| Awarding Organization | Amount |
|---|---|
William Penn Foundation Philadelphia, PA PURPOSE: LITERACY-RICH NEIGHBORHOOD INITIATIVE | $186,450 |
William Penn Foundation Philadelphia, PA PURPOSE: LITERACY-RICH NEIGHBORHOOD INITIATIVE | $149,550 |
Pidc-Local Development Corporation Philadelphia, PA PURPOSE: ECONOMIC DEVELOPMENT | $33,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $5,070 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Circle Incorporated Cleveland, OH | $134,622,719 | $18,118,457 |
Economic Opportunity Council Of Suffolk Inc Patchogue, NY | $6,210,341 | $18,971,000 |
Usw District 10 Local 286 Welfare Trust Fund Philadelphia, PA | $8,668,111 | $17,307,586 |
Integrated Community Alternatives Network Inc Utica, NY | $14,279,832 | $19,265,883 |
Northern Manhattan Improvement Corp New York, NY | $8,451,430 | $18,004,122 |
Economic And Community Development Institute Inc Columbus, OH | $78,355,876 | $19,971,101 |
Pennreach Allentown, NJ | $5,187,786 | $15,924,501 |
Chautauqua Opportunities Inc Dunkirk, NY | $6,065,142 | $15,802,051 |
Garrett County Maryland Community Action Committee Inc Oakland, MD | $23,823,939 | $14,024,119 |
Commission On Economic Opportunity For The Rensselaer County Area Inc Troy, NY | $18,234,515 | $14,616,169 |
Strong City Baltimore Baltimore, MD | $3,607,626 | $14,803,870 |
Phipps Neighborhoods Inc New York, NY | $46,342,034 | $30,198,997 |