Beech Interplex Inc
- Assets
- $32.7m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 11
- Location
- Philadelphia, PA
- Founding
- 08/1990
- Data as of
- 12/2022
- EIN
- 52-1693162
Organization Overview
Beech Interplex Inc is located in Philadelphia, PA. The organization was established in 1990. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Beech Interplex Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beech Interplex Inc 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 12/2022, Beech Interplex Inc generated $4.3m 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 (3.6%) each year. All expenses for the organization totaled $4.1m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.8%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SPEARHEAD THE REVITALIZATION OF THE CECIL B MOORE NEIGHBORHOOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENOVATION & DEVELOPMENT - PROGRAM DEVELOPMENT, RENOVATION AND RENTAL OF ABANDONED PROPERTY IN THE CECIL B MOORE AREA OF NORTH PHILADELPHIA, TO DATE, FOUR MULTI-TENANT PROPERTIES HAVE BEEN COMPLETED.
RENOVATION & DEVELOPMENT - PROGRAM DEVELOPMENT, RENOVATION AND RENTAL OF ABANDONED PROPERTY IN THE CECIL B MOORE AREA OF NORTH PHILADELPHIA, TO DATE, FOUR MULTI-TENANT PROPERTIES HAVE BEEN COMPLETED.
STUDENT HOUSING PROGRAM - OPERATION OF TWO STUDENT HOUSING COMPLEXES AT TEMPLE UNIVERSITY IN PHILADELPHIA, PA THROUGH BEECH LLC & BEECH INTERNATIONAL LLC (SINGLE MEMBER LLCS - TREATED AS DISREGARDED ENTITIES).
STUDENT HOUSING PROGRAM - OPERATION OF TWO STUDENT HOUSING COMPLEXES AT TEMPLE UNIVERSITY IN PHILADELPHIA, PA THROUGH BEECH LLC & BEECH INTERNATIONAL LLC (SINGLE MEMBER LLCS - TREATED AS DISREGARDED ENTITIES).
COMMUNITY SERVICES ACTIVITIES - FINANCIAL CONTRIBUTIONS TO AFFILIATED AND OTHER ORGANIZATIONS TO FUND COMMUNITY SERVICE ACTIVITIES AND PROMOTE THE REVITALIZATION OF THE CECIL B MOORE AREA AND OTHER COMMUNITIES IN NORTH CENTRAL PHILADELPHIA.
COMMUNITY SERVICES ACTIVITIES - FINANCIAL CONTRIBUTIONS TO AFFILIATED AND OTHER ORGANIZATIONS TO FUND COMMUNITY SERVICE ACTIVITIES AND PROMOTE THE REVITALIZATION OF THE CECIL B MOORE AREA AND OTHER COMMUNITIES IN NORTH CENTRAL PHILADELPHIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Scott President/ce | OfficerTrustee | 40 | $260,058 |
Larry Griffin Treasurer | OfficerTrustee | 40 | $128,433 |
Bernard Savage Secretary | OfficerTrustee | 40 | $93,500 |
Richard Bazelon ESQ Chairman | OfficerTrustee | 2 | $0 |
Shirley Gregory Director | Trustee | 2 | $0 |
Rev William B Moore Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rise Residential Ii Llc Mgmt Services | 12/30/20 | $158,592 |
Washington General Contractor Construction | 12/30/20 | $141,000 |
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 | $237,021 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $237,021 |
| Total Program Service Revenue | $4,074,124 |
| Investment income | $14,895 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$30,778 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,308,234 |
| 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. | $510,551 |
| Compensation of current officers, directors, key employees. | $148,060 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $571,410 |
| Pension plan accruals and contributions | $1,664 |
| Other employee benefits | $95,986 |
| Payroll taxes | $97,833 |
| Fees for services: Management | $101,104 |
| Fees for services: Legal | $114,996 |
| Fees for services: Accounting | $47,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,177 |
| Fees for services: Other | $212,398 |
| Advertising and promotion | $125,572 |
| Office expenses | $9,506 |
| Information technology | $27,837 |
| Royalties | $0 |
| Occupancy | $597,969 |
| Travel | $2,228 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,773 |
| Interest | $202,228 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $428,800 |
| Insurance | $353,194 |
| All other expenses | $283,421 |
| Total functional expenses | $4,050,710 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,006,920 |
| Savings and temporary cash investments | $459,031 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $243,222 |
| 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 | $56,347 |
| Net Land, buildings, and equipment | $28,238,102 |
| Investments—publicly traded securities | $461,193 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,331 |
| Other assets | $278,010 |
| Total assets | $32,742,825 |
| Accounts payable and accrued expenses | $1,128,291 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $14,609,549 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $22,726,632 |
| Unsecured mortgages and notes payable | $150,000 |
| Other liabilities | $649,916 |
| Total liabilities | $39,114,388 |
| Net assets without donor restrictions | -$6,586,293 |
| Net assets with donor restrictions | $214,730 |
| 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 | $32,742,825 |