2025-11-07T07:28:51-08:00 2024-12-31 274435968 Morey Nee Buck & Oswald LLC 2571 Baglyos Cir Ste B20 Bethlehem PA 18020 990 2024-01-01 842453611 KENSINGTON CORRIDOR TRUST KENS 2674286299 3400 J Street Unit G12 PHILADELPHIA PA 19134 Adriana Abizadeh-Barbour Executive Dir. 2025-11-07 true true WILLIAM C OSWALD P01223342 6108821000 2024 2025-03-06 01:10:19Z Adriana Abizadeh-Barbour 984530 false X https://kctphilly.org/ X 2022 PA THE KENSINGTON CORRIDOR TRUST WORKS CLOSELY WITH COMMUNITY STAKEHOLDERS AND RESIDENTS TO DEVELOP A NEW MODEL FOR INCREASING NEIGHBORHOOD CONTROL, FOCUSING ON FUELING THE KENSINGTON AVENUE CORRIDOR AS AN ECONOMIC ENGINE THAT CAN DRIVE STABILITY AND ECONOMIC PROSPERITY IN THE NEIGHBORHOOD. THE ORGANIZATION RECOGNIZES HOW CRITICAL THE DEVELOPMENT OF PHYSICAL SPACE IS TO OVERCOMING POVERTY AND WILL LEVERAGE THE AREAS PHYSICAL ASSETS (TRANSPORTATION INFRASTRUCTURE, WALKABILITY, AVAILABILITY OF PROPERTIES) AND NEIGHBORHOOD STRENGTHS (MOBILIZED RESIDENTS, STRONG NEIGHBORHOOD-BASED ORGANIZATION) TO CREATE LASTING CHANGE. 11 12 8 0 1136492 743409 15767 94273 44797 122703 1181289 976152 0 0 354104 441955 0 34438 549075 656812 903179 1098767 278110 -122615 6060165 11263009 5673931 10999390 386234 263619 UTILIZE COLLECTIVE OWNERSHIP TO DIRECT INVESTMENTS ON THE CORRIDOR THAT PRESERVE CULTURE AND AFFORDABILITY WHILE BUILDING NEIGHBORHOOD POWER AND WEALTH IN KENSINGTON. false false 979452 824421 The program expenses are allocated towards driving stability and economic prosperity in the Kensington neighborhood involving the development of physical space to preserve affordability in the neighborhood and advance collective ownership. 979452 true true false false false false false false false false true false false false true true true false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false true 20 0 false 8 false false false false false false false false 0 false false false false false false false X 11 12 false false false false false false false true true false false true true true true true true false false false PA X Management 2674286299 3400 J Street Unit G12 PHILADELPHIA PA 19134 X Adriana Abizadeh-Barbour Executive Director 40.00 0.00 149212 0 0 Damon Bain Director 2.00 0.00 X 0 0 0 Jonathan Arrieta Director 2.00 0.00 X 0 0 0 Darlene Burton Director 2.00 0.00 X 0 0 0 John Chun Secretary 2.00 0.00 X X 0 0 0 Jimmy Duran Treasurer 2.00 0.00 X X 0 0 0 Tess Donie Director 2.00 0.00 X 0 0 0 Zor Montes Director 2.00 0.00 X 0 0 0 Alexander Robles Chairman 2.00 0.00 X X 0 0 0 Tayyib Smith Director 2.00 0.00 X 0 0 0 Sarah St Clair Director 2.00 0.00 X 0 0 0 Brenda Mosley Director 2.00 0.00 X 0 0 0 149212 1 false false false 0 3761 739648 743409 Program Revenue 15767 15767 15767 94273 94273 0 0 84773 84773 84773 84773 0 45608 3761 8378 37230 0 0 Other income 700 700 700 976152 195513 0 0 0 0 149212 134290 7461 7461 0 242266 218040 12113 12113 0 17121 17121 33356 30020 1668 1668 0 0 15180 15180 0 0 0 78431 65528 12903 9635 9635 20526 20526 0 0 0 9749 9749 0 0 45743 45743 0 54347 54347 101299 91169 5065 5065 Contract expenses 127610 127610 sponsorships 31355 28219 1568 1568 utilities 31155 31155 program 29925 29925 101857 83496 11798 6563 1098767 979452 84877 34438 414962 236252 3255494 3634768 0 160000 0 0 0 0 50984 50000 7261546 88553 2329729 7172993 0 0 0 0 8996 8996 6060165 11263009 67156 116465 5600000 10876000 6775 6925 5673931 10999390 X 119859 -67238 266375 330857 386234 263619 6060165 11263009 -122615 X false true X true false X 232730 1136492 739648 2108870 0 0 0 0 232730 1136492 739648 2108870 0 0 2108870 94273 94273 0 94273 94273 0 0 232730 1136492 833921 2203143 X 0.00000 0.00000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1384371 1384371 5368810 86865 5281945 508365 1688 506677 7172993 SECURITY DEPOSIT 6925 6925 X 984530 8378 8378 976152 976152 1107145 8378 8378 1098767 1098767 Part X : FIN48 Footnote The preparation of the financial statements in conformity with the accrual of accounting requires the Organization to report information regarding its exposure to various tax positions taken. Management has performed their evaluation and believes there are no unrecognized tax positions that are required to be disclosed.The Organizations policy is to classify income tax related interest and penalties, if any, in interest expense and other expenses, respectively. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 event expenses netted against revenue on $8378 Part XII, Line 2d: Other expenses and losses per audited F/S event expenses netted against revenue on $8378 false Special Events 49369 3761 45608 5818 1200 1360 49369 3761 45608 5818 1200 1360 8378 37230 Form 990, Part VI, Section B, Line 11b THE BOARD OF DIRECTORS REVIEWS A DRAFT OF THE 990 BEFORE APPROVAL Form 990, Part VI, Section B, Line 12c Directors, officers, and key employees fill out an annual disclosure of Family and Financial Interests form. If a director, officer, or other person with substantial influence in the Organization is found to have a conflict of interest, they must recuse themselves while the Board or relevant Committee receiving that info votes on the transaction. Form 990, Part VI, Section C, Line 19 No documents available to the public.