2024-03-04T15:21:38-06:00 2023-06-30 231909723 MCKONLY & ASBURY LLP 1601 MARKET STREET STE 2525 PHILADELPHIA PA 19103 990 2022-07-01 222526396 MT AIRY USA MTAI 2158446021 6703 GERMANTOWN AVENUE 200 PHILADELPHIA PA 19119 ASHLEY VIA MAASS PRESIDENT 2158446021 2024-02-15 1 ASHLEY VIA MAASS 999009999 0 FRANK CELLUCCI P00634322 2155678000 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z MT AIRY CDC ASHLEY VIA MAASS 6703 GERMANTOWN AVENUE 200 PHILADELPHIA PA 19119 1649524 0 X WWW.MTAIRYCDC.ORG X 1980 PA PRESERVATION, EMPOWERMENT AND ADVANCEMENT OF A VIBRANT MT. AIRY SECTION OF PHILADELPHIA 13 13 14 12 0 0 564364 806405 778241 841537 0 1582 4780 0 1347385 1649524 0 0 0 0 623926 656247 0 0 108087 1346602 1115998 1970528 1772245 -623143 -122721 4418173 4862765 3741545 4308858 676628 553907 X PRESERVATION, EMPOWERMENT AND ADVANCEMENT OF A VIBRANT MT. AIRY SECTION OF PHILADELPHIA BY STIMULATING DEVELOPMENT OF THE COMMUNITY'S NEEDS. 0 0 505194 491180 REAL ESTATE DEVELOPMENT WORK TO REMOVE BLIGHT, PUSH MARKETS, AND ATTRACT PRIVATE INVESTMENT TO COMMERCIAL CORRIDORS AND RESIDENTIAL NEIGHBORHOODS THROUGH SCATTERED-SITE RESIDENTIAL REHAB AND LARGE-SCALE MIXED-USE DEVELOPMENT, AS WELL AS TRANSIT-ORIENTED DEVELOPMENT. IN ADDITION, THE ORGANIZATION SELF-MANAGES ITS REAL ESTATE PORTFOLIO AND PROVIDES AN ARRAY OF PROPERTY MANAGEMENT SERVICES. REGULAR SERVICES INCLUDE LEASE MANAGEMENT AND TENANT NEGOTIATION, PERFORMANCE OF ONGOING MAINTENANCE AND CAPITAL IMPROVEMENT PROJECTS, ANALYSIS OF PORTFOLIO FINANCIAL PERFORMANCE, PREPARATION OF ANNUAL PROPERTY BUDGETS, MAINTENANCE OF LOAN PORTFOLIO COMPLIANCE AND RISK MANAGEMENT. 340892 350357 NEIGHBORHOOD PROGRAMS WORK TO IMPROVE THE QUALITY OF LIFE FOR NEIGHBORS THROUGH SERVICES, HOUSING COUNSELING TO FIRST-TIME HOMEBUYERS AND DISTRESSED HOMEOWNERS. 262444 COMMUNITY PROGRAMS WHICH INCLUDE THE MT. AIRY SCHOOLS COALITION, ADVANCEMENT OF YOUTH LITERACY, AND VARIOUS COMMUNITY EVENTS SUCH AS SUPPER SESSIONS, MOONLIGHT MOVIES, AND AUTUMN ON THE AVENUE. 205599 BUSINESS DISTRICT REVITALIZATION WORK TO IMPROVE THE BUSINESS CLIMATE ALONG MT. AIRY'S MAIN STREET, GERMANTOWN AVENUE, THROUGH STREETSCAPE AND PLACE-MAKING IMPROVEMENTS AND THE OPERATION OF A PROGRAM TO PROVIDE BUSINESS OWNERS WITH A HOST OF SERVICES INCLUDING MARKETING, TECHNICAL ASSISTANCE AND EVENT PLANNING. 205599 1314129 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 38 0 1 14 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X ASHLEY VIA MAASS 2158446021 6703 GERMANTOWN AVENUE PHILADELPHIA PA 19119 HOWARD TREATMAN BOARD MEMBER 1.00 X 0 0 0 PARRIS HALL SECRETARY 1.00 X X 0 0 0 RACHEL FALKOVE BOARD MEMBER 1.00 X 0 0 0 JEROME MITCHELL BOARD MEMBER 1.00 X 0 0 0 LESLEY SEITCHIK BOARD MEMBER 1.00 X 0 0 0 ASHLEY VIA MAASS PRESIDENT 4.00 X X 0 0 0 CATHERINE BRZOZOWSKI BOARD MEMBER 1.00 X 0 0 0 TIA MATHISON BOARD MEMBER 1.00 X 0 0 0 RENAE STENNETT BOARD MEMBER 1.00 X 0 0 0 STEPHANIE BRANCHE BOARD MEMBER 1.00 X 0 0 0 JOSH PESKIN BOARD MEMBER 1.00 X 0 0 0 MORGAN MARKS BOARD MEMBER 1.00 X 0 0 0 PHILIP DAWSON EXECUTIVE DIRECTOR 40.00 X 107658 0 5190 107658 0 5190 1 0 0 0 0 806405 806405 RENTAL INCOME 531110 491180 491180 PROGRAM INCOME 624100 350357 350357 841537 1582 1582 1649524 841537 0 1582 140122 132354 7337 431 404287 223561 122793 57933 73166 68128 4054 984 38672 24271 10758 3643 103966 51931 40514 11521 158403 154935 3468 18680 16876 1299 505 21214 12679 6199 2336 32331 9959 15220 7152 3972 3212 380 380 3205 2377 546 282 202348 165053 37295 172040 124048 47992 59538 46964 12574 UTILITIES 94487 81659 11854 974 REPAIRS AND MAINT. 85461 84803 658 REAL ESTATE TAXES 56809 56809 MISCELLANEOUS EXPENSE 31105 30588 88 429 72439 23922 30468 18049 1772245 1314129 350029 108087 672089 556988 211450 350872 72630 117704 6375791 2819754 3199681 3556037 262323 281164 4418173 4862765 135356 157939 3573263 4118913 32926 32006 3741545 4308858 X 30428 -198523 646200 752430 676628 553907 4418173 4862765 -122721 0 X X 0 1 X 1 0 X 1001099 621957 1593469 564364 806405 4587294 1001099 621957 1593469 564364 806405 4587294 4587294 1582 1582 1335 1250 318 4780 12707 20390 4609266 3924605 0.99520 0.99650 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 162400 162400 6131866 2738229 3393637 81525 81525 0 3556037 CONSTRUCTION IN PROCESS 230857 PREPAID EXPENSES AND OTHER ASSETS 50307 281164 SECURITY DEPOSITS 32006 32006 X 1649524 0 1649524 0 1649524 1772245 0 1772245 0 1772245 PART X, LINE 2: ASC TOPIC 740, INCOME TAXES, CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBES A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. ASC TOPIC 740 ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, AND DISCLOSURE. THE ORGANIZATION'S POLICY IS TO ACCOUNT FOR INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AS A COMPONENT OF INCOME TAX EXPENSE. MANAGEMENT DOES NOT BELIEVE THE FINANCIAL STATEMENTS FOR MT. AIRY USA INCLUDE ANY UNCERTAIN TAX POSITIONS. FORM 990, PART VI, SECTION B, LINE 11B ONCE APPROVED BY THE ORGANIZATION'S EXECUTIVE DIRECTOR AND FINANCE COMMITTEE, THE ORGANIZATION'S FORM 990 IS MADE AVAILABLE FOR REVIEW BY ALL BOARD MEMBERS PRIOR TO BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE MEMBERS OF THE BOARD ARE REQUIRED TO COMPLETE A FORM DISCLOSING ANY CONFLICTS OF INTEREST WITH THE ORGANIZATION ON AN ANNUAL BASIS. THEY RECEIVE A LIST OF FIRMS THAT MT. AIRY USA HAS DONE BUSINESS WITH TO VERIFY WHETHER THEY HAVE ANY CONFLICTS. THE COMPLETED DISCLOSURE FORMS ARE KEPT ON FILE AT MT. AIRY USA'S OFFICE. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS REVIEW THE EXECUTIVE DIRECTOR AND MAKE A RECOMMENDATION TO THE EXECUTIVE COMMITTEE OF THE BOARD OF ANY INCREASES IN THE EXECUTIVE DIRECTOR'S SALARY. THE INCREASE IS VOTED ON BY THE EXECUTIVE COMMITTEE AS PART OF AN EXECUTIVE SESSION OF THE BOARD. THE PROGRAM DIRECTORS' SALARIES ARE SET BY THE EXECUTIVE DIRECTOR IN ACCORDANCE WITH THE INDUSTRY STANDARDS. ANNUAL PERFORMANCE APPRAISALS ESTABLISH CONDITIONS UNDER WHICH ANY MERIT OR COST OF LIVING INCREASES ARE MADE. THE BOARD MAY BE CONSULTED IN SETTING BASE SALARIES FOR NEW HIRES IN PROGRAM DIRECTOR POSITIONS. FORM 990, PART VI, SECTION C, LINE 18 FORM 990 IS AVAILABLE ON THE ORGANIZATION'S WEBSITE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC DURING NORMAL BUSINESS HOURS. WAGON WHEEL LLC 5703 GERMANTOWN AVE PHILADELPHIA PA 19119 233076002 RENTAL PA MT AIRY USA MT AIRY SPECIAL SERVICE DISTRICT LLC 5703 GERMANTOWN AVE PHILADELPHIA PA 19119 010659639 REAL ESTATE PA MT AIRY USA MONTANA LLC 5703 GERMANTOWN AVE PHILADELPHIA PA 19119 710912241 REAL ESTATE PA MT AIRY USA