4530 Corporation
- Assets
- $6.1m
- Revenue
- $77.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 11/2012
- Data as of
- 06/2023
- EIN
- 23-3085653
Organization Overview
4530 Corporation is located in Philadelphia, PA. The organization was established in 2012. According to its NTEE Classification (P19) the organization is classified as: Support N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 4530 Corporation is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 06/2023, 4530 Corporation generated $77.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.0%) each year. All expenses for the organization totaled $212.5k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE THE HISPANIC COMMUNITY OF NORTH PHILADELPHIA BY ADVANCING ECONOMIC DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SERVE THE HISPANIC COMMUNITY OF NORTH PHILADELPHIA BY ADVANCING ECONOMIC DEVELOPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Luis A Cortes Jr Chair- Member | OfficerTrustee | 2 | $0 |
Rev Danny Cortes Vice Chair - Member | OfficerTrustee | 2 | $0 |
Walter Toliver Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $57,439 |
| Investment income | $19,765 |
| 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 | $77,204 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $4,595 |
| Fees for services: Legal | $5,200 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,423 |
| Advertising and promotion | $0 |
| Office expenses | $38 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,165 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $129,184 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,819 |
| Insurance | $11,063 |
| All other expenses | $0 |
| Total functional expenses | $212,487 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,075 |
| Savings and temporary cash investments | $2,430,052 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $14,315 |
| Net Land, buildings, and equipment | $3,569,949 |
| Investments—publicly traded securities | $2,689 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $100,047 |
| Total assets | $6,133,127 |
| Accounts payable and accrued expenses | $2,402 |
| Grants payable | $0 |
| Deferred revenue | $2,160 |
| 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 | $2,967,237 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $822,016 |
| Total liabilities | $3,793,815 |
| Net assets without donor restrictions | $2,339,312 |
| 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 | $6,133,127 |