2025-11-13T09:05:03-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 150 S WARNER ROAD SUITE 310 KING OF PRUSSIA PA 19406 990EZ 2024-01-01 233062736 MAYFAIR COMMUNITY DEVELOPMENT CORPORATION MAYF 2675384668 2990 ST VINCENT STREET PHILADELPHIA PA 19149 DANA RUSSIKOFF TREASURER 2675384668 2025-11-11 1 0 WILLIAM A LOUGHERY P01603932 2156433900 2025-11-11 2024 2025-03-06 01:10:19Z X WWW.MAYFAIRCDC.ORG X X 35034 X 35000 34 35034 32437 4710 26505 63652 -28618 76764 0 48146 X 39922 18067 38992 30079 78914 48146 2150 0 76764 48146 X THE EXEMPT PURPOSE OF MAYFAIR COMMUNITY DEVELOPMENT CORPORATION (MCDC) IS TO CULTIVATE GROWTH, DEVELOPMENT, AND COMMUNITY INVESTMENT. CLEANING AND GREENING IN THE MAYFAIR COMMUNITY; STOREFRONT IMPROVEMENT PROGRAM; HOLIDAY VILLAGE AND CHRISTMAS MARKET 0 36040 36040 CHRISTINA LOUGHRIN BOARD CHAIR 10.00 0 0 0 DANA RUSSIKOFF TREASURER 4.00 0 0 0 PETE MCDERMOTT SECRETARY 2.00 0 0 0 LISA GRECO DIRECTOR 2.00 0 0 0 DONNY SMITH DIRECTOR 2.00 0 0 0 MELINDA MULVENNA DIRECTOR 2.00 0 0 0 JERRY RICKUS DIRECTOR 2.00 0 0 0 X 0 1 0 0 0 0 0 0 0 0 0 0 0 0 PA DANA RUSSIKOFF 2990 ST VINCENT STREET PHILADELPHIA PA 19149 2675384668 0 0 0 0 0 0 0 0 0 0 NONE NONE 1 X 19140 62990 47389 72712 35000 237231 19140 62990 47389 72712 35000 237231 237231 51 25 86 30 34 226 337 15812 16149 253606 0.93540 0.91980 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHE REVENUE - 2020 AMOUNT: $ 337. PPP LOAN FORGIVENESS - 2021 AMOUNT: $ 15,812. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME DESCRIPTION: INTEREST INCOME. AMOUNT: 34. FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES DESCRIPTION: INSURANCE. AMOUNT: 10,868. DESCRIPTION: TELEPHONE AND INTERNET. AMOUNT: 2,659. DESCRIPTION: DEPRECIATION. AMOUNT: 8,912. DESCRIPTION: PROGRAM EXPENSES. AMOUNT: 3,603. DESCRIPTION: OFFICE EXPENSES. AMOUNT: 288. DESCRIPTION: CHARITABLE REGISTRATION FEES. AMOUNT: 175. TOTAL TO FORM 990-EZ, LINE 16: 26,505. FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES DESCRIPTION: ACCRUED EXPENSES. BEG. OF YEAR AMOUNT: 2,150. END OF YEAR AMOUNT: 0. FORM 990-EZ, PART V, LINE 34, SIGNIFICANT CHANGES TO GOVERNING DOCUMENTS: THE BYLAWS WERE AMENDED ON JUNE 4, 2024, AS FOLLOWS: - THE MISSION OF THE ORGANIZATION WAS UPDATED TO "CULTIVATE GROWTH, DEVELOPMENT, AND COMMUNITY INVESTMENT." PREVIOUSLY, THE MISSION OF THE ORGANIZATION WAS TO "ENHANCE THE PHYSICAL ENVIRONMENT, INCREASE THE ECONOMIC VITALITY, AND IMPROVE THE QUALITY OF LIFE IN THE MAYFAIR COMMUNITY OF PHILADELPHIA." - THE FOLLOWING DISSOLUTION CLAUSE WAS ADDED: "MAYFAIR COMMUNITY DEVELOPMENT CORPORATION MAY BE DISSOLVED BY A MAJORITY VOTE OF THE BOARD OF DIRECTORS. UPON THE DISSOLUTION OF THE CORPORATION, ASSETS SHALL BE DISTRIBUTED FOR ONE OR MORE EXEMPT PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE, OR SHALL BE DISTRIBUTED TO THE FEDERAL GOVERNMENT, OR TO A STATE OR LOCAL GOVERNMENT, FOR A PUBLIC PURPOSE. ANY SUCH ASSETS NOT SO DISPOSED OF SHALL BE DISPOSED OF BY A COURT OF COMPETENT JURISDICTION OF THE COUNTY IN WHICH THE PRINCIPAL OFFICE OF THE CORPORATION IS THEN LOCATED, EXCLUSIVELY FOR SUCH PURPOSES OR TO SUCH ORGANIZATION OR ORGANIZATIONS, AS SAID COURT SHALL DETERMINE, WHICH ARE ORGANIZED AND OPERATED EXCLUSIVELY FOR SUCH PURPOSES." PREVIOUSLY, THE BYLAWS STATED, "ON LIQUIDATION OR DISSOLUTION, ALL PROPERTIES, ASSETS, AND OBLIGATIONS SHALL BE DISTRIBUTED AND PAID OVER TO AN ORGANIZATION DEDICATED TO CHARITABLE PURPOSES WHICH HAS ESTABLISHED ITS TAX-EXEMPT STATUS UNDER IRS CODE SECTION 501(C)(3)." THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.