Passyunk Avenue Revitalization Corporation
- Assets
- $7.7m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 2
- Location
- Philadelphia, PA
- Founding
- 08/1999
- Data as of
- 12/2021
- EIN
- 23-2973751
Organization Overview
Passyunk Avenue Revitalization Corporation is located in Philadelphia, PA. The organization was established in 1999. 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 12/2021, Passyunk Avenue Revitalization Corporation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Passyunk Avenue Revitalization Corporation 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 12/2021, Passyunk Avenue Revitalization Corporation generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
NON-PROFIT REAL ESTATE DEVELOPMENT/MANAGEMENT COMPANY AND PUBLIC SPACE MAINTENANCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY IMPROVEMENT INITIATIVES: ACQUIRED, RENOVATED, AND REHABILITATED BUILDINGS TO PROMOTE NEIGHBORHOOD BETTERMENT IN THE COMMUNITY. ACQUIRED PROPERTIES WERE BOTH COMMERCIAL AND RESIDENTIAL. PROVIDED COMMUNITY SUPPORT AND CLEANING SERVICES TO MAINTAIN THESE NEIGHBORHOODS IN A CLEAN, SAFE AND HABITABLE CONDITION. THE ORGANIZATION ALSO PARTICIPATES IN A CITY OF PHILADELPHIA PROGRAM WORKING TOWARDS THE GOAL TO REDUCE LITTER AND ILLEGAL DUMPING WITHIN THE SOUTH BROAD STREET AND SNYDER AVENUE AREAS, PROVIDE A CLEAN APPEARANCE FOR BOTH RESIDENTS AND VISITING PUBLIC, AND CREATE EMPLOYMENT OPPORTUNITIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryan Fenstermaker Executive Director (until 02/22) | Officer | 40 | $113,300 |
Sarah Anton Secretary | OfficerTrustee | 1 | $0 |
David Goldfarb Treasurer | OfficerTrustee | 1 | $0 |
Laura Slutsky Vice Chairman | OfficerTrustee | 1 | $0 |
Peter Angelides Chairman | OfficerTrustee | 5 | $0 |
Jason Abel Member (until 10/21) | Trustee | 0.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gab Construction Construction | 12/30/15 | $124,846 |
Abm Atlantic Inc Cleaning Service | 12/30/15 | $312,455 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $27,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $285,680 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $313,380 |
| Total Program Service Revenue | $761,218 |
| Investment income | $9,387 |
| 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 | $1,104,430 |
| 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. | $113,300 |
| Compensation of current officers, directors, key employees. | $16,995 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,129 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,536 |
| Payroll taxes | $11,445 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,160 |
| Fees for services: Accounting | $49,916 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $51,238 |
| Advertising and promotion | $0 |
| Office expenses | $22,180 |
| Information technology | $10,413 |
| Royalties | $0 |
| Occupancy | $6,655 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $102,639 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $217,017 |
| Insurance | $32,087 |
| All other expenses | $0 |
| Total functional expenses | $1,322,067 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,463 |
| Savings and temporary cash investments | $1,227,854 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $75,121 |
| 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 | $13,668 |
| Net Land, buildings, and equipment | $6,009,202 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $205,277 |
| Total assets | $7,663,585 |
| Accounts payable and accrued expenses | $42,471 |
| Grants payable | $0 |
| Deferred revenue | $30,100 |
| 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 | $2,209,338 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $66,975 |
| Total liabilities | $2,348,884 |
| Net assets without donor restrictions | $5,314,701 |
| Net assets with donor restrictions | $0 |
| 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 | $7,663,585 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Passyunk Avenue Revitalization Corporation has recieved totaling $15,251.
| Awarding Organization | Amount |
|---|---|
Pidc-Local Development Corporation Philadelphia, PA PURPOSE: Economic development | $7,751 |
Philadelphia Industrial Development Corp Philadelphia, PA PURPOSE: Economic Development | $7,500 |
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 |