2024-11-15T14:05:33-05:00 2023-12-31 201589727 SCHINA AND ASSOCIATES CPA 101 N WASHINGTON AVE SUITE 2A-1 MARGATE CITY NJ 08402 990 2023-01-01 474759908 PHILADELPHIA COMMUNITY DEVELOPMENT COALITION PHIL 349 PELHAM ROAD PHILADELPHIA PA 19119 DAVID CHAMPAGNE PRESIDENT 2024-11-15 true true MICHELE SCHINA P01380167 2153153969 2024-11-15 2023 2024-10-15 13:58:12Z DAVID CHAMPAGNE 349 PELHAM ROAD PHILADELPHIA PA 19119 543986 false X X 2015 PA REHABILITATION OF BLIGHTED REAL ESTATE AND CONSERVANCY. 3 0 3 20 0 14640 0 519627 543986 0 300 0 534567 543986 0 0 26159 31304 0 0 211734 245201 237893 276505 296674 267481 729275 1019559 877808 900611 -148533 118948 REHABILITATION OF BLIGHTED REAL ESTATE AND CONSERVANCY. false false 217342 543986 REHABILITATION OF BLIGHTED REAL ESTATE AND CONSERVANCY. 217342 true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false true false false false false false true true true false false true 6 0 3 true false false false false false false false false false false false false false false X 3 0 false false false false false false false true true false false true true true true false false false false false X DAVID CHAMPAGNE 2157711378 349 PELHAM ROAD PHILADELPHIA PA 19119 DAVID CHAMPAGNE PRESIDENT 10.00 X 15000 0 0 BENJAMIN LETTER VICE PRESIDE 5.00 X 6000 0 0 DUSTIN HOUCK BOARD MEMBER 5.00 X X 6000 0 0 27000 false false false CONSERVATORSHIP PROGRAMS 543986 543986 543986 543986 543986 27000 27000 4304 4304 51524 50029 1495 19540 19540 7514 6989 525 11933 6125 5808 76 76 40376 40376 4046 4046 COST OF CONSERVATORSHIP 102346 102346 RESEARCH 6296 6296 TITLE SEARCH FEES 1135 1135 BANK CHARGES AND FEES 415 415 276505 217342 59163 0 35303 9937 693972 1009412 210 729275 1019559 355500 385730 522308 514881 877808 900611 X 2180 -85152 -150713 204100 -148533 118948 729275 1019559 267481 X false false false X 3000 11044 14640 28684 491334 242461 392921 519927 543986 2190629 491334 245461 403965 534567 543986 2219313 2219313 491334 245461 403965 534567 543986 2219313 1.00000 1.00000 0.00000 0.00000 X DUE TO FIRESIDE CAPITAL RELATED PARTY PROPERTY DEVELOPMENT LENDING X 385730 385730 false true true 385730 FIRESTONE CAPITAL RELATED PARTY 148500 LOAN PRINCIPAL REPAY false FIRESTONE CAPITAL RELATED PARTY 27158 LOAN INTEREST PAID false SCHEDULE L, PART V THE ORGANIZATION OBTAINS FUNDING FOR ITS PROGRAM SERVICES, TO PAY THE EXPENSES NEEDED FOR CONSERVATORSHIP AND REHABILITATION FOR THE BLIGHTED PROPERTIES, FROM A LENDING INSTITUTION FOR WHICH TWO OF THE ORGANIZATION'S DIRECTORS HAVE AN OWNERSHIP INTEREST. IN ADDITION, A FAMILY MEMBER OF A DIRECTOR ALSO HAS AN OWNERSHIP INTEREST IN FIRESIDE CAPITAL (SUM OF TOTAL OWNERSHIP BY THE THREE INDIVIDUALS IS 55%), RESULTING IN A 35% CONTROLLED ENTITY. EACH LOAN IS PROPERLY DOCUMENTED AND FORMALLY APPROVED. INTEREST ON THE LOANS ARE PAID BACK IN FULL WITH PRINCIPAL IN A BALLOON PAYMENT. INTEREST IS CHARGED TO THE ORGANIZATION AT RATES CONSISTENT WITH THOSE OF PRIVATE LENDING INSTITUTIONS. THE LOAN IS REPORTED ON SCHEDULE L, PART II, AND THE PRINCIPAL REPAYMENT AMOUNT AND INTEREST EXPENSE PAID ARE REPORTED ON SCHEDULE L, PART IV. ADDITIONALLY, THE RELATED ENTITY IS REPORTED AS REQUIRED ON SCHEDULE R. FORM 990, PAGE 6, PART VI, LINE 11B DIRECTORS REVIEW THE RETURN BEFORE SUBMISSION FORM 990, PAGE 6, PART VI, LINE 12C EMPLOYEES ARE TO COMMUNICATE CONFLICTS OF INTEREST THAT MAY ARISE FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST FIRESTONE CAPITAL LLC 1516 FAIRMOUNT AVE PHILADELPHIA PA 19130 813271605 LOANS PA N/A false false 0.55000 false false false false true false false false false false false false false false false false false false false FIRESTONE CAPITAL LLC FIRESTONE CAPITAL LLC E 385730 LOAN AGREEMENTS SCHEDULE R THE ORGANIZATION OBTAINS FUNDING FOR ITS PROGRAM SERVICES, TO PAY THE EXPENSES NEEDED FOR CONSERVATORSHIP AND REHABILITATION FOR THE BLIGHTED PROPERTIES, FROM A LENDING INSTITUTION FOR WHICH TWO OF THE ORGANIZATION'S DIRECTORS HAVE AN OWNERSHIP INTEREST. IN ADDITION, A FAMILY MEMBER OF A DIRECTOR ALSO HAS AN OWNERSHIP INTEREST IN FIRESIDE CAPITAL (SUM OF TOTAL OWNERSHIP BY THE THREE INDIVIDUALS IS 55%), RESULTING IN A 35% CONTROLLED ENTITY. EACH LOAN IS PROPERLY DOCUMENTED AND FORMALLY APPROVED. INTEREST ON THE LOANS ARE PAID BACK IN FULL WITH PRINCIPAL IN A BALLOON PAYMENT. INTEREST IS CHARGED TO THE ORGANIZATION AT RATES CONSISTENT WITH THOSE OF PRIVATE LENDING INSTITUTIONS. FURTHER TRANSACTION REPORTING CAN BE FOUND ON SCHEDULE L.