2025-03-25T09:10:39-05:00 2024-06-30 231909723 MCKONLY & ASBURY LLP 1601 MARKET STREET STE 2525 PHILADELPHIA PA 19103 990 2023-07-01 222526396 MT AIRY USA MTAI 2158446021 6703 GERMANTOWN AVENUE 200 PHILADELPHIA PA 19119 JOSH PESKIN PRESIDENT 2158446021 2025-02-21 1 1 JENNIFER LAM P03103634 2155678000 2025-02-20 2023 2025-03-06 01:10:19Z MT AIRY CDC JOSH PESKIN 6703 GERMANTOWN AVENUE 200 PHILADELPHIA PA 19119 2382521 0 X WWW.MTAIRYCDC.ORG X 1980 PA PRESERVATION, EMPOWERMENT AND ADVANCEMENT OF A VIBRANT MT. AIRY SECTION OF PHILADELPHIA 12 12 12 12 0 0 806405 672289 841537 1104003 1582 120475 0 5750 1649524 1902517 0 0 0 0 656247 771912 0 0 173758 1115998 1430416 1772245 2202328 -122721 -299811 4862765 4208530 4308858 3954434 553907 254096 X PRESERVATION, EMPOWERMENT AND ADVANCEMENT OF A VIBRANT MT. AIRY SECTION OF PHILADELPHIA BY STIMULATING DEVELOPMENT OF THE COMMUNITY'S NEEDS. 0 0 730684 529010 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. 397617 574993 NEIGHBORHOOD PROGRAMS WORK TO IMPROVE THE QUALITY OF LIFE FOR NEIGHBORS THROUGH SERVICES, HOUSING COUNSELING TO FIRST-TIME HOMEBUYERS AND DISTRESSED HOMEOWNERS. 351225 COMMUNITY PROGRAMS WHICH INCLUDE THE MT. AIRY SCHOOLS COALITION, THE HEALTHY AGING INITIATIVE, LOVETT PARK PROGRAMMING, AND VARIOUS COMMUNITY EVENTS SUCH AS SUPPER SESSIONS ON THE AVENUE, MOONLIGHT MOVIES, MT. AIRY MONDAY MARKETS, AND AUTUMN ON THE AVENUE. 200269 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. 200269 1679795 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 41 0 1 12 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X JOSH PESKIN 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 LESLEY SEITCHIK BOARD MEMBER 1.00 X 0 0 0 ASHLEY VIA MAASS BOARD MEMBER 4.00 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 PRESIDENT 1.00 X X 0 0 0 MORGAN MARKS BOARD MEMBER 1.00 X 0 0 0 RICHARD NEWELL BOARD MEMBER 1.00 X 0 0 0 REINA PROWLER BOARD MEMBER 1.00 X 0 0 0 PHILIP DAWSON EXECUTIVE DIRECTOR 40.00 X 133900 0 6026 133900 0 6026 1 0 0 0 GLITTER 1500 CHESTNUT ST SUITE 2 1501 PHILADELPHIA PA 19102 CLEANING 101422 1 672289 672289 PROGRAM INCOME 624100 574993 574993 RENTAL INCOME 531110 486510 486510 DEVELOPER FEE INCOME 531110 42500 42500 1104003 479 479 600000 480004 119996 119996 119996 OTHER INCOME 900099 5750 5750 5750 1902517 1104003 0 126225 X 140370 132589 7349 432 495408 286815 128211 80382 91923 69883 13241 8799 44211 28481 9896 5834 136 96 40 104785 52836 41028 10921 320845 312329 845 7671 9701 8471 669 561 24135 16156 6221 1758 27568 11908 10739 4921 3001 2511 245 245 13399 12878 269 252 201912 164700 37212 174036 127989 46047 54068 48850 5218 REPAIRS AND MAINT. 148992 147897 1060 35 UTILITIES 94161 82892 10856 413 GRANT EXPENSE 83946 25946 12000 46000 REAL ESTATE TAXES 52874 52874 116857 93694 17629 5534 2202328 1679795 348775 173758 556988 427751 350872 372956 117704 142187 5634844 2626049 3556037 3008795 281164 256841 4862765 4208530 157939 209625 4118913 3712268 32006 32541 4308858 3954434 X -198523 -465055 752430 719151 553907 254096 4862765 4208530 -299811 0 X X 0 1 X 1 0 X 621957 1593469 564364 806405 672289 4258484 621957 1593469 564364 806405 672289 4258484 4258484 1582 479 2061 1250 318 4780 12707 5750 24805 4285350 4209740 0.99370 0.99520 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 162400 162400 5447796 2601401 2846395 24648 24648 0 3008795 CONSTRUCTION IN PROCESS 202957 PREPAID EXPENSES AND OTHER ASSETS 53884 256841 SECURITY DEPOSITS 32541 32541 X 1902517 0 1902517 0 1902517 2202328 0 2202328 0 2202328 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. THE ORGANIZATION HAS DETERMINED THAT THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD ON JUNE 30, 2024, AND 2023. 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. 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. FORM 990, PART IX, LINE 11G CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 291,902. MANAGEMENT AND GENERAL EXPENSES 845. FUNDRAISING EXPENSES 7,671. TOTAL EXPENSES 300,418. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 20,427. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 20,427. FORM 990, PART XII, LINE 2C: PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 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