Chestnut Hill Community Fund
- Assets
- $1.5m
- Revenue
- $112.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 06/1999
- Data as of
- 03/2021
- EIN
- 23-7182955
Organization Overview
Chestnut Hill Community Fund 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chestnut Hill Community Fund 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 03/2021, Chestnut Hill Community Fund generated $112.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.2%) each year. All expenses for the organization totaled $136.1k during the year ending 03/2021. As we would expect to see with falling revenues, expenses have declined by (14.7%) per year over the past 6 years. 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
THE SOLE PURPOSE OF THE ORGANIZATION IS TO ASSIST IN THE IMPROVEMENT OF THE QUALITY OF LIFE WITHIN THE CHESTNUT HILL SECTION OF PHILADELPHIA, PENNSYLVANIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION CREATED AN EMERGENCY FUND FOR THE CHESTNUT HILL LOCAL. ALL DONATIONS MADE TO THE "CHCF LOCAL EMERGENCY FUND" WERE REMITTED TO LOCAL. A COVID SMALL BUSINESS MICRO GRANT PROGRAM WAS FORMED TO SUPPORT LOCAL BUSINESSES IN THE CHESTNUT HILL AREA. APPLICANTS WERE AWARDED GRANTS BASED ON ANNUAL REVENUE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Mcniff Secretary | OfficerTrustee | 2.5 | $0 |
Richard Berkman Treasurer | OfficerTrustee | 2.5 | $0 |
Kathi Clayton President | OfficerTrustee | 2.5 | $0 |
Tony Banks Vice Preside | OfficerTrustee | 2.5 | $0 |
Susan Bray MD Mbe Trustee | Trustee | 2.5 | $0 |
Andrew Glendinning Trustee | Trustee | 2.5 | $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 | $63,816 |
| Noncash contributions included in lines 1a–1f | $24,413 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $63,816 |
| Total Program Service Revenue | $0 |
| Investment income | $4,672 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $18,745 |
| Net Gain/Loss on Asset Sales | $24,861 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $112,094 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $83,326 |
| 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 | $28,500 |
| Fees for services: Legal | $4,250 |
| Fees for services: Accounting | $7,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,509 |
| Fees for services: Other | $2,681 |
| Advertising and promotion | $0 |
| Office expenses | $1,001 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $136,067 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $117,497 |
| Savings and temporary cash investments | $127,405 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $55,632 |
| 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 | $15,027 |
| Net Land, buildings, and equipment | $189,857 |
| Investments—publicly traded securities | $956,204 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,461,622 |
| Accounts payable and accrued expenses | $4,752 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $73,311 |
| Total liabilities | $78,063 |
| Net assets without donor restrictions | $1,383,559 |
| 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 | $1,461,622 |
Grants Awarded
Over the last fiscal year, Chestnut Hill Community Fund has awarded $68,280 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CHESTNUT HILL COMMUNITY ASSOCIATION PURPOSE: TO IMPROVE THE QUALITY OF LIFE IN THE CHESTNUT HILL AREA. | $58,280 |
TEENAGERS INC PURPOSE: TO PROVIDE GENERAL OPERATING SUPPORT TO OFFER A VARIETY OF SOCIAL, SERVICE, AND LEADERSHIP PROGRAMS FOR YOUNG PEOPLE AGES 12-18 YEARS IN THE CHESTNUT HILL AND NEIGHBORING COMMUNITIES. | $5,000 |
Philadelphia, PA PURPOSE: TO PROVIDE GENERAL OPERATING SUPPORT FOR THE CLASSES, WORKSHOPS, TRIPS, SERVICES AND OTHER ACTIVITIES OFFERED TO RESIDENTS OVER 50 YEARS OLD IN THE CHESTNUT HILL AND NEIGHBORING COMMUNITIES. | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Chestnut Hill Community Fund has recieved totaling $1,700.
| Awarding Organization | Amount |
|---|---|
Lida Foundation Philadelphia, PA PURPOSE: GENERAL SUPPORT | $1,500 |
William Penn Foundation Philadelphia, PA PURPOSE: GENERAL SUPPORT | $200 |
Endowment Analysis
| Beg. Balance | $41,747 |
| Admin Expense | $41,747 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Urban Affairs Coalition Philadelphia, PA | $25,704,306 | $97,554,481 |
Brooklyn Navy Yard Development Corporation Brooklyn, NY | $543,633,704 | $68,378,369 |
Cent For Urban Community Svcs New York, NY | $78,734,129 | $72,768,234 |
4mycity Inc Taneytown, MD | $269,763 | $70,588,044 |
The Community Preservation Corporation New York, NY | $1,407,109,282 | $65,839,600 |
Columbia Association Inc Columbia, MD | $168,635,825 | $73,239,829 |
Impact Community Action Columbus, OH | $17,964,278 | $51,062,093 |
Kennedy Krieger Education And Community Services Inc Baltimore, MD | $14,340,565 | $48,121,720 |
Mosaic Community Services Inc Timonium, MD | $34,184,592 | $47,201,258 |
Westchester Community Opportunity Program Inc Elmsford, NY | $7,932,264 | $37,716,573 |
Reinvestment Fund Inc Philadelphia, PA | $609,259,384 | $44,624,452 |
St Nicks Alliance Corp Brooklyn, NY | $44,353,994 | $35,596,992 |