2024-03-07T15:10:39-06:00 2023-06-30 202153727 SB & COMPANY LLC 10200 GRAND CENTRAL AVENUE SUITE 250 OWINGS MILLS MD 21117 990 2022-07-01 770673126 PARK HEIGHTS RENAISSANCE INC PARK 4106644890 3939 REISTERSTOWN RD 2ND FL 268 BALTIMORE MD 21215 WILL PASS CHIEF FINANCIAL OFFICER 4106644890 2024-03-07 1 WILL PASS 999009999 0 PAMELA GRAY P01237506 4105840060 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z WILL PASS 3939 REISTERSTOWN RD 2ND FL 268 BALTIMORE MD 21215 4253902 0 X WWW.BOLDNEWHEIGHTS.ORG X 2007 MD THE MISSION OF PARK HEIGHTS RENAISSANCE (PHR) IS TO IMPLEMENT THE BALTIMORE CITY PARK HEIGHTS MASTER PLAN WHERE LAND AND ECONOMIC DEVELOPMENT, ALONGSIDE HUMAN DEVELOPMENT, ARE TRANSFORMATIVE INFLUENCES IN THE REVIVAL OF A THRIVING AND SUSTAINABLE COMMUNITY. 15 14 41 15 0 0 4073290 4125673 13319 125729 0 0 182041 2500 4268650 4253902 0 0 0 0 1706804 1862997 0 0 107479 1940723 1859040 3647527 3722037 621123 531865 3192533 3591779 892830 762144 2299703 2829635 THE MISSION OF PARK HEIGHTS RENAISSANCE (PHR) IS TO IMPLEMENT THE BALTIMORE CITY PARK HEIGHTS MASTER PLAN WHERE LAND AND ECONOMIC DEVELOPMENT, ALONGSIDE HUMAN DEVELOPMENT, ARE TRANSFORMATIVE INFLUENCES IN THE REVIVAL OF A THRIVING AND SUSTAINABLE COMMUNITY. 0 0 2443472 125729 PARK HEIGHTS RENAISSANCE, INC IS ORGANIZED TO PROVIDE HOUSING AND COMMERCIAL DEVELOPMENT, RESOURCE DEVELOPMENT, WORKFORCE DEVELOPMENT, HUMAN DEVELOPMENT AND ENVIRONMENTAL DEVELOPMENT. 2443472 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 16 0 1 41 1 0 0 0 0 0 0 0 0 0 0 X 15 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X X YOLANDA JIGGETTS 4106644890 3939 REISTERSTOWN RD 2ND FL STE268 BALTIMORE MD 21215 KEVIN SEAWRIGHT BOARD CHAIR 20.00 X X 0 0 0 ELLEN PARKER VICE CHAIR 20.00 X X 0 0 0 VACARRO M WATSON SECRETARY 20.00 X X 0 0 0 JOHN MUCHAI TREASURER 20.00 X X 0 0 0 SHARON GREEN-MIDDLETON EX-OFFICIO 5.00 X 0 0 0 ARTHUR HILL III BOARD MEMBER 5.00 X 0 0 0 DEBORAH WOOLFORD BOARD MEMBER 5.00 X 0 0 0 OLIVIA DFARROW ESQ BOARD MEMBER 5.00 X 0 0 0 TEREINA GALLOWAY BOARD MEMBER 5.00 X 0 0 0 SABRINA TAPP-HARPER BOARD MEMBER 5.00 X 0 0 0 JEFF CHERRY BOARD MEMBER 5.00 X 0 0 0 VENROY JULY BOARD MEMBER 5.00 X 0 0 0 PETER LEE BOARD MEMBER 5.00 X 0 0 0 LUCINDA WARE BOARD MEMBER 5.00 X 0 0 0 SAM HARRIS BOARD MEMBER 5.00 X 0 0 0 YOLANDA JIGGETTS CEO 40.00 X X 154155 0 0 DEDRA LAYNE CHIEF OPERATING OFFICER 40.00 X 132697 0 0 WILL PASS CHIEF FINANCIAL OFFICER 40.00 X 14731 0 0 301583 0 0 2 0 1 0 0 3454559 671114 4125673 DEVELOPER FEES 900099 85474 85474 SPECIAL EVENT 900099 40255 40255 125729 OTHER INCOME 900099 2500 2500 2500 4253902 128229 0 0 X 301584 201053 94167 6364 1305950 870624 407771 27555 111731 74486 34887 2358 143732 95820 44879 3033 8677 4357 3473 847 45409 22801 18177 4431 552761 277554 221269 53938 26202 26202 55968 722 52301 2945 77774 11509 63663 2602 42259 10393 31866 14817 6753 8064 62786 21582 40198 1006 26568 19828 6740 44439 20145 24294 PROGRAM EXPENSES 766001 763601 2400 STRATEGIC PLANNING 105046 105046 REPAIRS 20605 14787 5818 9728 1255 8473 3722037 2443472 1171086 107479 1525389 2446482 1186280 641878 16029 21524 344225 256174 73136 88051 391699 393844 3192533 3591779 156472 142818 128625 736358 490701 892830 762144 X 2299703 2829635 2299703 2829635 3192533 3591779 531865 -1933 0 X X 0 1 X 1 0 X 1797223 1813061 3457906 4073290 4125673 15267153 1797223 1813061 3457906 4073290 4125673 15267153 15267153 5815 5815 24949 66074 154458 182041 2500 430022 15702990 17946 0.97220 0.96730 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 344225 256174 88051 88051 LOANS RECEIVABLE - DEEDS 56346 ROA- OPERATING LEASE 337498 393844 UNEARNED REVENUE - DEEDS 56346 COMMUNITY GRANTS FUNDS 92656 LEASE - LIABILITY - ROU 341699 490701 X 4253902 0 4253902 0 4253902 3722037 0 3722037 0 3722037 PART X, LINE 2: PARK HEIGHTS IS EXEMPT FROM THE PAYMENT OF INCOME TAXES ON INCOME OTHER THAN NET UNRELATED BUSINESS INCOME UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. PHR STABILIZATION I, LLC IS A DISREGARDED ENTITY OF PARK HEIGHTS AS IS THE SOLE MEMBER OF THE SINGLE MEMBER LLC. THE PROVISIONS INCLUDED IN ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. PHR PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2023, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. AS OF JUNE 30, 2023, THE STATUTE OF LIMITATIONS FOR FISCAL YEARS 2020 THROUGH 2023 REMAIN OPEN WITH THE U.S. FEDERAL JURISDICTION OR THE STATE AND LOCAL JURISDICTION IN WHICH PHR FILES TAX RETURNS. IT IS PHR'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, AS INCOME TAX EXPENSE. 0 0 0 0 0 0 0 0 0 YOLANDA JIGGETTS CEO 154155 0 0 0 0 0 0 0 0 0 154155 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE 990 WAS REVIEWED BY THE FINANCE COMMITTEE AND APPROVED BY THE FINANCE COMMITTEE PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C PARK HEIGHTS RENAISSANCE, INC USES AN OPEN DOOR POLICY TO MONITOR AND ENFORCE IT'S WRITTEN CONFLICT OF INTEREST POLICY. THE CONFLICT OF INTEREST POLICY IS ALSO INCLUDED IN THE ACCOUNTING POLICIES AND PROCEDURES MANUAL. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS VOTE TO DETERMINE THE COMPENSATION OF EXECUTIVE DIRECTOR BASED UPON PAST PERFORMANCE AND NEEDS OF THE COMPANY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FORM 990 AND FINANCIAL STATEMENTS ARE AVAILABE ON THE GUIDESTAR WEBSITE. FORM 990, PART IX, LINE 11G OTHER: PROGRAM SERVICE EXPENSES 277,554. MANAGEMENT AND GENERAL EXPENSES 221,269. FUNDRAISING EXPENSES 53,938. TOTAL EXPENSES 552,761. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. PHR STABILIZATION I LLC 3939 REISTERSTOWN ROAD BALTIMORE MD 21215 465243592 HOLD THE PHR'S DEVELOPMENT REAL ESTATE MD PARK HEIGHTS RENAISSANCE INC 1 1