2025-10-16T15:43:27-05:00 2023-06-30 871353108 EISNER ADVISORY GROUP LLC 130 NORTH 18TH STREET SUITE 3000 PHILADELPHIA PA 191032757 990 2022-07-01 232687223 HOPEPHL COMMUNITY DEVELOPMENT CORPORATION HOPE 2153827523 325 N 39TH STREET PHILADELPHIA PA 19104 KATHLEEN DESMOND PRESIDENT 2153827523 2025-10-16 1 0 HELEN M MARTIN P01330899 2158818800 2022 2025-03-06 01:10:19Z X KATHLEEN DESMOND 325 N 39TH STREET PHILADELPHIA PA 19104 1173912 0 X WWW.HOPEPHL.ORG X 1992 PA HOPEPHL CDC IS THE REAL ESTATE ARM OF RELATED ORGANIZATION HOPEPHL. ON ITS OWN OR THROUGH CONTRACTUAL RELATIONSHIPS, HOPEPHL CDC ACQUIRES, SELLS, RENTS, REHABILITATES AND MANAGES PROPERTIES IN THE WEST PHILADELPHIA COMMUNITY WHERE HOPEPHL CARRIES OUT ITS PROGRAMS. 7 7 17 7 0 0 1360580 999661 181367 154632 5045 15375 4943 4244 1551935 1173912 0 0 0 0 623656 384315 0 0 5680 1254179 952439 1877835 1336754 -325900 -162842 18642427 18883160 22366710 22770285 -3724283 -3887125 X HOPEPHL COMMUNITY DEVELOPMENT CORPORATION (HOPEPHL CDC) IS THE REAL ESTATE ARM OF HOPEPHL. ON ITS OWN, OR THROUGH CONTRACTUAL RELATIONSHIPS, HOPEPHL CDC ACQUIRES, SELLS, RENTS, REHABILITATES, AND MANAGES PROPERTIES IN THE WEST PHILADELPHIA COMMUNITY WHERE HOPEPHL CARRIES OUT ITS PROGRAMS. 0 0 1160391 158876 THIS PAST YEAR MOST OF THE CDC'S WORK CONTINUED TO FOCUS ON PROVIDING ECONOMIC AND FOOD RELIEF. WE CONTINUED TO ENGAGE YOUTH IN COMMUNITY ENGAGEMENT WORK WHICH FOCUSED ON OUTREACH, FOOD JUSTICE, SOCIAL JUSTICE, AND THE ARTS. OUR COMMERCIAL CORRIDOR WORK FOCUSED ON ENHANCING SAFETY AND OUR REAL ESTATE TEAM BEGAN PREDEVELOPMENT WORK WITH OUR PARTNER MT VERNON MANOR ON THE 40TH STREET PROJECT, A MIXED USE DEVELOPMENT PROJECT OFFERING AFFORDABLE HOUSING AND COMMERCIAL SPACE. 1160391 1 1 0 0 0 0 0 0 0 1 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 0 1 0 0 0 1 X 17 0 1 17 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 PA X KATHLEEN DESMOND PRESIDENT-HOPEPHL 2677775819 325 N 39TH STREET PHILADELPHIA PA 19104 BERNADINE HAWES BOARD CHAIR 3.00 2.00 X X 0 0 0 DEVON CAUDLE SECRETARY 2.00 X X 0 0 0 THERESA CLARK DIRECTOR 2.00 X 0 0 0 MARY HALL DIRECTOR 2.00 X 0 0 0 BLANCA RAMIREZ DIRECTOR 2.00 2.00 X 0 0 0 BRANDON WEBER DIRECTOR 2.00 2.00 X 0 0 0 NEVA WHITE VICE-CHAIR 2.00 X X 0 0 0 KATHY DESMOND PRESIDENT OF PEC 14.50 25.50 X 168806 0 11844 SCOTT CANNON VP ASSET & PROPERTY MANAGEMENT 24.00 16.00 X 105191 0 14890 273997 0 26734 2 0 1 0 0 228250 771411 999661 RENTAL INCOME 532000 154632 154632 154632 15375 15375 MISCELLANOUS REVENUE 531390 4244 4244 4244 1173912 158876 0 15375 307002 288409 12913 5680 7184 6608 576 46929 46929 23200 19867 3333 80000 80000 1248 1248 18333 809 17524 8072 8072 9611 7436 2175 23632 3065 20567 94538 93977 561 12433 12433 24000 24000 546102 538316 7786 24114 24114 CONTRACTED SERVICES 88137 88137 CLIENT ASSISTANCE 21719 21719 FEES AND LICENSES 500 500 1336754 1160391 170683 5680 5397 55999 235654 102018 14675 805807 816307 19460751 10180048 9366118 9280703 8718 9030 8206058 8619103 18642427 18883160 317736 478696 282155 231325 12747230 12743897 9019589 9316367 22366710 22770285 X -3733183 -3898456 8900 11331 -3724283 -3887125 18642427 18883160 -162842 0 X 0 1 X 1 0 X 1722212 1396015 806917 1249920 916910 6091974 1722212 1396015 806917 1249920 916910 6091974 1877682 4214292 11672 10257 10155 5045 15375 52504 135097 11045 75171 4943 4244 230500 6374978 887770 0.66110 0.73150 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 285105 285105 285105 285105 285105 285105 285105 285105 285105 285105 0 1 1 5000 5000 19360911 10085208 9275703 60096 60096 0 34744 34744 0 9280703 DUE FROM RELATED PARTY 7254568 CONSTRUCTION IN PROGRESS 1364535 8619103 DUE TO RELATED PARTY 8644541 LOAN PAYABLE, RELATED PARTY 661593 OTHER LIABILITIES 10233 9316367 X PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS CLASSIFIED HOPEPHL, CDC, THE FOUNDATION AND BIG DAISY AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("CODE"); AS ORGANIZATIONS, CONTRIBUTIONS TO WHICH ARE DEDUCTIBLE UNDER SECTION 170(C) OF THE CODE; AND AS ORGANIZATIONS THAT ARE NOT PRIVATE FOUNDATIONS AS DEFINED IN SECTION 509(A) OF THE CODE. SPLP, IHLP, 4050 APARTMENTS, AND CLOISTERS III ARE CLASSIFIED AS LIMITED PARTNERSHIPS AND ARE NOT SUBJECT TO INCOME TAXES. ONLY THE PARTNERS REPORT THE INCOME OR LOSS ON THEIR INCOME TAX RETURNS. IGP, SPGP, RH, GA AND TM ARE CLASSIFIED AS CORPORATIONS SUBJECT TO TAX AT THE CORPORATE LEVEL. PENNROSE-PEC, LLC IS CLASSIFIED AS A LIMITED LIABILITY COMPANY THAT HAS ELECTED TO BE TAXED AS A PARTNERSHIP AND IS NOT SUBJECT TO INCOME TAXES. ONLY THE MEMBERS REPORT THE INCOME OR LOSS ON THEIR INCOME TAX RETURNS. U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY A GOVERNMENT AUTHORITY. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT AS OF JUNE 30, 2023 AND 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION RECOGNIZES ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS, IF ANY. THERE WERE NO INCOME TAX RELATED INTEREST OR PENALTIES RECORDED FOR EITHER OF THE YEARS ENDED JUNE 30, 2023 OR 2022. 0 0 0 0 0 0 0 0 0 KATHY DESMOND PRESIDENT OF PEC 168806 0 0 0 0 0 8227 0 3617 0 180650 0 0 0 PART I, LINE 3 THE EXECUTIVE COMMITTEE OF HOPEPHL, USING COMPARABLE MARKET DATA OF SALARIES AT SIMILAR ORGANIZATIONS, APPROVES THE COMPENSATION AMOUNT FOR THE PRESIDENT'S POSITION. AMENDED FORM 990 THE RETURN IS BEING AMENDED DUE TO THE ORGANIZATION'S AUDIT BEING COMPLETED SUBSEQUENT TO THE FILING OF THE FORM 990 ON MAY 15, 2024. CHANGES HAVE BEEN MADE THROUGHOUT THE RETURN AND RELATED SCHEDULES. FORM 990, PART V, LINE 2B: ALL PAYROLL AND BENEFITS ARE PAID THROUGH RELATED ORGANIZATION HOPEPHL AND ALL PAYROLL TAX FILINGS ARE ALSO COMPLETED BY HOPEPHL. THE NUMBER OF EMPLOYEES SHOWN REPRESENTS THOSE ALLOCATED TO HOPEPHL COMMUNITY DEVELOPMENT CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED AND APPROVED BY THE PRESIDENT OF HOPEPHL. AFTER IT HAS BEEN APPROVED, A COPY OF THE RETURN IS PROVIDED TO THE COMPLETE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST POLICY AT THE ANNUAL BOARD MEETING. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. HOPEPHL 325 N 39TH STREET PHILADELPHIA PA 19104 232017882 PROVIDE EMERGENCY SERVICES INCLUDING FOOD AND SHELTER TO WOMEN AND CHILDREN PA 501(C)(3) LINE 7 0 THE PEC FOUNDATION 325 N 39TH STREET PHILADELPHIA PA 19104 232851068 INVEST FUNDS AND MAKE GRANTS TO PEC AND PEC CDC PA 501(C)(3) LINE 12C, III-FI 0 BIG DAISY CORPORATION 325 N 39TH STREET PHILADELPHIA PA 19104 271010116 AFFORDABLE HOUSING PROJECT FOR FORMERLY HOMELESS INDIVIDUALS PA 501(C)(3) LINE 7 PEOPLE'S EMERGENCY CENTER 0 ROWAN HOUSE 325 N 39TH STREET PHILADELPHIA PA 19104 222735410 HOLDS INTERESTS IN AFFORDABLE HOUSING PA 501(C)(3) LINE 12C, III-FI 0 IMANI HOMES LP 325 N 39TH STREET PHILADELPHIA PA 19104 232803609 RENTAL OF AFFORDABLE HOUSING PA PEOPLE'S EMERGENCY CENTER RELATED 0 0 0.98990 SAUNDERS PARK LP 325 N 39TH STREET PHILADELPHIA PA 19104 232832235 RENTAL OF AFFORDABLE HOUSING PA PEOPLE'S EMERGENCY CENTER RELATED 0 0 4050 APARTMENTS LP 325 N 39TH STREET PHILADELPHIA PA 19104 371763854 RENTAL OF AFFORDABLE HOUSING PA PEOPLE'S EMERGENCY CENTER RELATED 0 0 PENNROSE - PEC LLC C/O PENNROSE PROPERTIES LLC ONE BRE PHILADELPHIA PA 19121 522413223 CORPORATE GENERAL PARTNER PA N/A RELATED 0 0 CLOISTERS III HOUSING PARTNERSHIP LP 3900 HAVERFORD AVENUE PHILADELPHIA PA 19104 202530985 RENTAL OF AFFORDABLE HOUSING PA PENNROSE - PEC LLC RELATED 0 0 SAUNDERS PARK GENERAL PARTNER INC 325 N 39TH STREET PHILADELPHIA PA 19104 232687223 CORPORATE GENERAL PARTNER PA PEOPLE'S EMERGENCY CENTER C 0 IMANI GP INC 325 N 39TH STREET PHILADELPHIA PA 19104 232822853 CORPORATE GENERAL PARTNER PA PEOPLE'S EMERGENCY CENTER C 0 GUARD ASSOCIATES INC 325 N 39TH STREET PHILADELPHIA PA 19104 271953977 CORPORATE GENERAL PARTNER PA PEOPLE'S EMERGENCY CENTER C 0 TWO MARKS INC 325 N 39TH STREET PHILADELPHIA PA 19104 823110992 CORPORATE GENERAL PARTNER PA PEOPLE'S EMERGENCY CENTER C 0 0 0 0 1 1 0 0 0 0 1 0 1 1 1 1 0 0 0 0 SAUNDERS PARK LP D ENDING BALANCE IMANI HOMES LP D ENDING BALANCE 4050 APARTMENTS LP D ENDING BALANCE