Scioli Turco Inc
- Assets
- $909.5k
- Revenue
- $220.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 04/2014
- Data as of
- 06/2022
- EIN
- 45-3585446
Organization Overview
Scioli Turco Inc is located in Philadelphia, PA. The organization was established in 2014. 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. Scioli Turco Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2022, Scioli Turco Inc generated $220.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $220.0k during the year ending 06/2022. While expenses have increased by 15.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
REHABILITATES DERELICT PROPERTIES. SCIOLI TURCO, INC.S MISSION IS TO PROMOTE THE HEALTH AND SAFETY OF THE GENERAL PUBLIC WITHIN THE CITY AND COUNTY OF PHILADELPHIA, PENNSYLVANIA, BY ALLEVIATING THE CONDITIONS THAT CONSTITUTE BLIGHT IN ABANDONED STRUCTURES AND VACANT LOTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REHABILITATES DERELICT PROPERTIES. SUMMARY OF 2021 SCIOLI TURCO, INC. ACCOMPLISHMENTS:ACT 135 PETITIONS FILED IN THE PHILADELPHIA COURT OF COMMON PLEAS901 SPRING GARDEN STREET1101 N. 40TH STREET25-27-29 E. SCHOOL HOUSE LANE614 MARKLE STREET6500 HEGERMAN STREET749 S. MARVINE STREET4730 LONGSHORE AVENUE5112-5114 GERMANTOWN AVENUEACT 135 PROPERTIES SOLD IN 20217011 EDMUND STREETSOLD ON APRIL 21, 2021SALE PROCEEDS RECEIVED ON OCTOBER 4, 2021COSTS - $33,932.58CONSERVATOR FEE - $26,000.00ACT 135 PROPERTIES THAT RESULTED IN A SETTLEMENT AGREEMENT BETWEEN PARTIESTRIGEN STEAM PLANT 411-419 N. 9TH STREETSETTLED ON APRIL 21, 2021 - $187,000.00SETTLEMENT PROCEEDS RECEIVED: $160,000.00 RECEIVED VIA WIRE TRANSFER ON APRIL 27, 2021 $27,500.00 RECEIVED ON JUNE 9, 20217030 CLEARVIEW STREETSETTLED ON JULY 17, 2020 (PLEASE NOTE SCIOLI TURCO PERMITTED THE RESPONDENT/OWNER TO SELL THE PROPERTY)SETTLEMENT PROCEEDS RECEIVED MARCH 10, 2021:COSTS - $22,750.00CONSERVATOR FEE - $12,000.00ACT 135 FEES RECEIVED IN 20216807 TORRESDALE AVENUEPROPERTY SOLD ON DECEMBER 11, 2020SALE PROCEEDS RECEIVED ON JUNE 27, 2021COSTS - $28,675.00CONSERVATOR FEE - $24,000.00
REHABILITATES DERELICT PROPERTIES. SUMMARY OF ACCOMPLISHMENTS:ACT 135 PETITIONS FILED IN THE PHILADELPHIA COURT OF COMMON PLEAS: --PENDING CASES FILED PRIOR TO 1/1/2022-6/30/2022:401-403-405 E. GIRARD AVENUE COMMERCIAL PROPERTY;712 S. 23RD STREET RESIDENTIAL PROPERTY;901 SPRING GARDEN STREET TRAIN STATION (DEMOLISHED) PENDING IN FEDERAL COURT;3421R WARDEN DRIVE RESIDENTIAL PROPERTY;5110 GERMANTOWN AVENUE - LOT;5112-5114 GERMANTOWN AVENUE COMMERCIAL PROPERTY;6500 HEGERMAN STREET RESIDENTIAL PROPERTY;----CASES FILED 1/1/2022-6/30/2022:5245 WALTON AVENUE 2/14/2022 RESIDENTIAL PROPERTY;1335 S. HICKS STREET 3/20/2022 - LOT;2144 E. NORRIS STREET 1/26/2022 - SETTLEMENT AGREEMENT ON 6/21/2022 - LOT;6703 & 6703R N. 11TH STREET 1/19/2022 RESIDENTIAL PROPERTY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Palmer President | OfficerTrustee | 20 | $0 |
Carmen Paris Board Member | OfficerTrustee | 1 | $0 |
Gerald Macdonald Board Member | OfficerTrustee | 1 | $0 |
Keith Smith Treasurer | OfficerTrustee | 1 | $0 |
Beth Grossman Managing Director | Officer | 18.75 | $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 | $220,044 |
| 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 | $220,044 |
| 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. | $12,500 |
| Compensation of current officers, directors, key employees. | $12,500 |
| 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 | $0 |
| Fees for services: Legal | $12,042 |
| 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 | $345,593 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $12,545 |
| All other expenses | $0 |
| Total functional expenses | $220,044 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $17,613 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $891,929 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $909,542 |
| Accounts payable and accrued expenses | $0 |
| 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 | $374,647 |
| Total liabilities | $374,647 |
| Net assets without donor restrictions | $534,895 |
| 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 | $909,542 |
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