2025-07-22T20:17:45-05:00 2024-12-31 510229493 BARBACANE THORNTON & COMPANY LLP 503 CARR ROAD SUITE 100 WILMINGTON DE 198092863 990 2024-01-01 232110269 MARCUS HOOK COMMUNITY DEVELOPMENT CORPORATION MARC 2674384161 1111 MARKET STREET MARCUS HOOK PA 190614699 ROBERT KERSEY CHAIRMAN 2674384161 2025-07-22 1 1 JEFFREY A KOWALCZYK CPA P01563311 3024788940 2025-07-22 2024 2025-03-06 01:10:19Z ROBERT KERSEY 1111 MARKET STREET MARCUS HOOK PA 190614699 126489 0 X N/A X 1979 PA THE CORPORATION FOSTERS THE DEVELOPMENT OF COMMUNITY ACTIVITIES AND FACILITATES THE PROMOTION OF CIVIC, EDUCATIONAL, SOCIAL, AND ECONOMIC IMPROVEMENTS FOR ALL MARCUS HOOK CITIZENS. 17 16 0 0 0 0 0 0 0 0 0 17777 127338 108712 127338 126489 3328 1000 0 0 12000 12000 0 0 0 79479 74587 94807 87587 32531 38902 913504 943420 13986 5000 899518 938420 THE CORPORATION FOSTERS THE DEVELOPMENT OF COMMUNITY ACTIVITIES AND FACILITATES THE PROMOTION OF CIVIC, EDUCATIONAL, SOCIAL, AND ECONOMIC IMPROVEMENTS FOR ALL MARCUS HOOK CITIZENS. 0 0 66225 1000 98572 THE ORGANIZATION CONTRIBUTES TO THE GROWTH AND DEVELOPMENT OF THE BOROUGH OF MARCUS HOOK THROUGH VARIOUS COMMUNITY DEVELOPMENT AND REVITALIZATION INITIATIVES. THE ORGANIZATION WORKS TO IMPROVE HOUSING CONDITIONS AND PROMOTES HOMEOWNERSHIP OPPORTUNITIES. SUBSTANDARD RENTAL PROPERTIES ARE PURCHASED, RENOVATED, AND RESOLD TO OWNER-OCCUPANTS. THE MHCDC ALSO CONTRIBUTED FUNDING TO LOCAL ORGANIZATIONS WHO SHARE SIMILAR VISIONS OF COMMUNITY BETTERMENT. 66225 1 0 0 0 0 0 0 0 0 0 1 0 0 0 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 0 0 0 0 0 0 1 7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 17 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 PA X X ANNAMARIA GLISSON 6104851877 1015 GREEN STREET MARCUS HOOK PA 19061 ROBERT KERSEY CHAIRMAN 2.00 X X 0 0 0 RONALD BEACHBOARD VICE CHAIRMAN 2.00 X X 0 0 0 ANNAMARIA GLISSON SECRETRARY/TREASURER 6.00 X X 12000 0 0 CHERYL EVERNGHAM BOARD MEMBER 2.00 X 0 0 0 LARRY KILLINEN BOARD MEMBER 2.00 X 0 0 0 JOSEPHINE LAIRD BOARD MEMBER 2.00 X 0 0 0 JOHN JOHNSON BOARD MEMBER 2.00 X 0 0 0 WILLIAM COX BOARD MEMBER 2.00 X 0 0 0 GENE TAYLOR BOARD MEMBER 2.00 X 0 0 0 ADAM GATTUSO BOARD MEMBER 2.00 X 0 0 0 JOSEPH MASSARO BOARD MEMBER 2.00 X 0 0 0 BILL FORTUNA BOARD MEMBER 2.00 X 0 0 0 MICHAEL ANGELICO BOARD MEMBER 2.00 X 0 0 0 MICHAEL MANERCHIA BOARD MEMBER 2.00 X 0 0 0 ANDY PADILLA SR BOARD MEMBER 2.00 X 0 0 0 BRUCE DORBIAN BOARD MEMBER 2.00 X 0 0 0 RICHARD BAKER BOARD MEMBER 2.00 X 0 0 0 JOSEPH FLYNN BOARD MEMBER 2.00 X 0 0 0 PAUL GREVY BOARD MEMBER 2.00 X 0 0 0 12000 0 0 0 0 0 0 0 17777 17777 98572 0 98572 98572 98572 MORTGAGE INCOME 900099 7116 7116 MISCELLANEOUS 900099 3024 3024 10140 126489 108712 0 17777 X 1000 1000 12000 12000 17345 9895 7450 141 141 15 15 31825 31825 19584 17858 1726 HOUSING MAINTENANCE 2601 2601 CHURCH MAINTENANCE 2161 2161 UTILITIES 885 885 BANK FEES 30 0 30 87587 66225 21362 0 32367 27672 362607 358200 1329408 771860 518530 557548 913504 943420 1000 0 12986 5000 13986 5000 X 899518 938420 899518 938420 913504 943420 38902 0 X X 0 1 X 1 0 X 89972 92625 80655 99720 98572 461544 89972 92625 80655 99720 98572 461544 0 0 0 461544 4173 9638 12475 12986 5000 44272 94145 102263 93130 112706 103572 505816 0.91250 0.90680 0.00000 X 0 0 144445 144445 1179245 766650 412595 5718 5210 508 557548 SECURITY DEPOSITS 5000 5000 X 126489 0 126489 0 126489 87587 0 87587 0 87587 PART X, LINE 2: THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE CORPORATION'S TAX-EXEMPT PURPOSE MAY BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES PRESCRIBE RULES FOR THE RECOGNITION, MEASUREMENT, CLASSIFICATION AND DISCLOSURE IN THE FINANCIAL STATEMENTS OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE CORPORATION'S TAX RETURNS. MANAGEMENT HAS DETERMINED THAT THE CORPORATION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS OR ASSOCIATED UNRECOGNIZED BENEFITS THAT MATERIALLY IMPACT THE FINANCIAL STATEMENTS OR RELATED DISCLOSURES. SINCE TAX MATTERS ARE SUBJECT TO SOME DEGREE OF UNCERTAINTY, THERE CAN BE NO ASSURANCE THAT THE CORPORATION'S TAX RETURNS WILL NOT BE CHALLENGED BY THE TAXING AUTHORITIES AND THAT THE CORPORATION WILL NOT BE SUBJECT TO ADDITIONAL TAX, PENALTIES AND INTEREST AS A RESULT OF SUCH CHALLENGE. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON SALE OF PROPERTY FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 HAS BEEN PROVIDED TO EACH VOTING MEMBER OF THE GOVERNING BODY FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CHIEF EMPLOYED EXECUTIVE AND CHIEF EMPLOYED FINANCE EXECUTIVE AND/OR CONTRACTED MANAGER MONITOR PROPOSED OR ONGOING TRANSACTIONS FOR CONFLICTS OF INTEREST AND DISCLOSE ANY TO THE CHAIRMAN OF THE BOARD OF DIRECTORS IN ORDER TO DEAL WITH POTENTIAL OR ACTUAL CONFLICTS, WHETHER DISCOVERED BEFORE OR AFTER THE TRANSACTIONS HAVE OCCURRED. WHEN A CONFLICT IS DISCLOSED TO THE CHAIRMAN, HE OR SHE THEN DETERMINES WHETHER TO TAKE NO ACTION, DISCLOSE THE CONFLICT TO ALL BOARD MEMBERS, ASK THE INTERESTED PERSON TO RECUSE FROM PARTICIPATION IN RELATED DISCUSSIONS, OR ASK THE INTERESTED PERSON TO RESIGN FROM HIS OR HER POSITION. FORM 990, PART VI, SECTION B, LINE 15A THE PROCESS FOR DETERMINING COMPENSATION OF THE CHIEF EMPLOYED EXECUTIVE IS AS FOLLOWS: 1)THE COMPENSATION IS REVIEWED AND APPROVED BY THE GOVERNING BOARD OR COMPENSATION COMMITTEE, PROVIDED THAT PERSONS WITH CONFLICTS OF INTEREST WITH RESPECT TO SUCH COMPENSATION ARE NOT INVOLVED IN THIS REVIEW AND APPROVAL, 2)THE COMPENSATION IS REVIEWED AND APPROVED USING DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS, AND 3)THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. FORM 990, PART VI, SECTION C, LINE 18 FORM 990 AND FORM 1023 ARE AVAILABLE UPON REQUEST. ADDITIONALLY, FORM 990 IS AVAILABLE ON GUIDESTAR.ORG. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G PROPERTY MANAGEMENT FEES: PROGRAM SERVICE EXPENSES 9,895. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,895. MISCELLANEOUS PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 7,450. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,450. FORM 990, PART XI, LINE 2C THE FINANCE COMMITTEE, CHAIRED BY THE TREASURER, HAS RESPONSBILITY FOR SUPERVISING THE PROPER ADMINISTRATION AND EXPENDITURE OF ALL FUNDS, AS WELL AS ARRANGING FOR AN ANNUAL AUDIT OF THE FINANCIAL RECORDS. THE PROCESS GOVERNING OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT AUDITOR HAS NOT CHANGED FROM THE PRIOR YEAR.