2026-09-21T13:21:55-05:00 2025-12-31 410746749 CLIFTONLARSONALLEN LLP 4 BATTERYMARCH PARK SUITE 100 QUINCY MA 02169 990 2025-01-01 231668087 CASA FARNESE INC CASA 2157353858 1300 LOMBARD STREET PHILADELPHIA PA 19147 DAVID JACOVINI TREASURER 2157353858 2026-09-17 1 DANIELLE NIHILL P01350943 7819821001 2026-09-17 2025 JOSEPH H JACOVINI 1300 LOMBARD STREET PHILADELPHIA PA 19147 4753769 0 X N/A X 1962 DE PROVIDE LOW AND MODERATE INCOME HOUSING TO 288 SENIOR CITIZENS, THROUGH APARTMENT RENTALS 17 15 13 17 0 0 0 0 4432793 4623474 7135 778 496287 129517 4936215 4753769 0 0 0 0 943897 823112 0 0 0 3460850 3893126 4404747 4716238 531468 37531 17670950 17844420 10503193 10639132 7167757 7205288 APARTMENT RENTAL - TO PROVIDE LOW TO MODERATE INCOME HOUSING TO SENIOR CITIZENS IN ACCORDANCE WITH HUD GUIDELINES 0 0 4284981 4662704 THE ORGANIZATION PROVIDES LOW TO MODERATE INCOME HOUSING TO 288 SENIOR CITIZENS IN ACCORDANCE WITH HUD GUIDELINES. 102140 THE ORGANIZATION PROVIDES A COORDINATOR OF SERVICES TO PROVIDE VARIOUS SOCIAL SERVICES TO RESIDENTS. 4387121 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 13 0 1 13 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 15 1 1 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 PA X X PRD MANAGEMENT 8564861990 587 HADDON AVE COLLINGSWOOD NJ 08108 X ANNETTE RIZZO PRESIDENT 3.00 X X 0 0 0 JOSEPH H JACOVINI ESQUIRE CHAIRMAN 3.00 X X 0 0 0 DAVID JACOVINI TREASURER 0.30 X X 0 0 0 DAVID P DALESANDRO ESQUIRE SECRETARY 0.30 X X 0 0 0 EILEEN M COGGINS BOARD MEMBER 0.30 X 0 0 0 DINA DELLA DUCATA BOARD MEMBER 0.30 X 0 0 0 TONY EWING BOARD MEMBER 0.30 X 0 0 0 LAWRENCE FARNESE JR BOARD MEMBER 0.30 X 0 0 0 DR ALFRED IEZZI BOARD MEMBER 0.30 X 0 0 0 DAVID KIMMEL BOARD MEMBER 0.30 X 0 0 0 DOMINIC S LIBERI ESQUIRE BOARD MEMBER 0.30 X 0 0 0 DIANE MENIO BOARD MEMBER 0.30 X 0 0 0 CAROL A TAMBURINO BOARD MEMBER 0.30 X 0 0 0 LAURA VALENTI BOARD MEMBER 0.30 X 0 0 0 MICHAEL VALUCCI BOARD MEMBER 0.30 X 0 0 0 JEAN WANG BOARD MEMBER 0.30 X 0 0 0 VITTORIA ZASLAVASKY BOARD MEMBER 0.30 X 0 0 0 0 0 0 0 0 0 0 COSTA SECURITY LL OPS SECURITY GROUP 424 EAST ELM STREET SUITE 200 CONSHOHOCKEN PA 19428 SECURITY 304211 TOM BARNEBEI GENERAL CONTRACTING 717 BRIGHTON TERR SECANE PA 19018 GENERAL CONTRACTING SERVICES 166746 ELECTRONIC SECURITY SOLUTIONS 5115 CAMPUS DRIVE PLYMOUTH MEETING PA 19462 IT SERVICES 101512 3 RENTAL INCOME 531110 4623474 4623474 4623474 778 778 85581 0 85581 85581 85581 LAUNDRY INCOME 812300 39230 39230 LATE CHARGES & OTHER 812900 4706 4706 43936 4753769 4662704 0 91065 X 613759 613759 156998 156998 52355 52355 251133 251133 16063 16063 77984 77984 793267 793267 4629 4629 73337 73337 484114 484114 2335 2335 385687 385687 1234635 1234635 425879 425879 REPAIRS & MAINTENANCE 89948 89948 SUPPLIES 54061 54061 BAD DEBTS 54 54 4716238 4387121 329117 0 639079 678507 2142888 1572065 23249 40452 249276 272893 31805579 16658970 14483745 15146609 132713 133894 17670950 17844420 711160 1073484 7875 14270 9651445 9417484 132713 133894 10503193 10639132 X 7167757 7205288 7167757 7205288 17670950 17844420 37531 0 X 0 1 X 1 1 1 X 9500 9500 3957881 4045056 4268467 4432793 4623474 21327671 28130 29200 35220 35213 39230 166993 3986011 4083756 4303687 4468006 4662704 21504164 0 0 0 21504164 114806 99413 93511 96720 86359 490809 114806 99413 93511 96720 86359 490809 358 530 4530 371489 4706 381613 4101175 4183699 4401728 4936215 4753769 22376586 0.96100 0.95820 0.02190 0.02430 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OVERPAYMENT ON RESERVE - LATE CHARGES OTHER - 2021 AMOUNT: $ 358. 2022 AMOUNT: $ 530. 2023 AMOUNT: $ 4,530. 2024 AMOUNT: $ 10,589. 2025 AMOUNT: $ 4,706. OTHER COMPREHENSIVE INCOME LOSS - 2024 AMOUNT: $ 327,500. SYMPOSIUM - 2024 AMOUNT: $ 33,400. 369038 369038 28610735 15296205 13314530 1598533 1362765 235768 1227273 1227273 15146609 TENANT SECURITY DEPOSITS 133894 133894 X 4753769 0 4753769 0 4753769 4716238 0 4716238 0 4716238 PART X, LINE 2: THE PROJECT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND IS EXEMPT FROM PENNSYLVANIA AND PHILADELPHIA LOCAL INCOME TAXES. NO PROVISION FOR INCOME TAXES HAS BEEN INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION UTILIZES THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS. THE APPLICATION OF THIS STANDARD HAD NO IMPACT ON THE FINANCIAL STATEMENTS. THE PROJECT IS ALSO EXEMPT FROM PHILADELPHIA REAL ESTATE TAXES. THE PROJECT'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. FORM 990, PART VI, SECTION A, LINE 1A THE ORGANIZATION HAS A FINANCE COMMITTEE THAT HAS THE ABILITY TO ACT ON BEHALF OF THE GOVERNING BODY. THE FINANCE COMMITTEE IS MADE UP OF JOSEPH JACOVINI, DAVID JACOVINI AND DAVID KIMMEL. THESE THREE INDIVIDUALS ARE THE CHAIRMAN OF THE BOARD, THE TREASURER OF THE BOARD, AND A BOARD MEMBER RESPECTIVELY. THEY ARE RESPONSIBLE FOR THE REPORTING OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 2 JOSEPH JACOVINI, CHAIR PERSON, AND DAVID JACOVINI, TREASURER, HAVE A FAMILY RELATIONSHIP FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION USES PRD MANAGEMENT, INC., (PRD) TO MANAGE ITS OPERATIONS. PRD'S DUTIES INCLUDE HIRING, SUPERVISING, DIRECTING, DISCHARGING AND DETERMINING THE COMPENSATION OF ALL EMPLOYEES AND MANAGING THE RENTAL AND MAINTENANCE OF UNITS WITHIN THE BUILDING. FORM 990, PART VI, SECTION A, LINE 8B THE COMMITTEES DO NOT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE 990 WILL BE SENT TO THE BOARD ("GOVERNING BODY ") FOR REVIEW AND APPROVAL. ONCE THE BOARD "GOVERNING BODY" HAS REVIEWED THE 990 AND NO CORRECTIONS ARE REQUIRED THEY WILL VOTE ON THE APPROVAL OF THE 990 TO BE FILED APPROPRIATELY. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY APPLIES TO ALL DIRECTORS, OFFICERS, COMMITTEE MEMBERS AND ALL EMPLOYEES OR STAFF MEMBERS OF THE ORGANIZATION THAT HOLD SENIOR MANAGEMENT POSITIONS AND THE PRESIDENT IS RESPONSIBLE FOR OVERSEEING THIS PROCESS. A POTENTIAL CONFLICT MUST BE DISCLOSED TO THE DIRECTORS OR ANY OTHER ORGANIZATION PERSONS CONSIDERING A PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE, THE INTERESTED PERSON SHALL NOT PARTICIPATE IN THE DECISION BY THE ORGANIZATION REGARDING THE MATTER UNDER CONSIDERATION. AFTER EXERCISING DUE DILIGENCE, THE ORGANIZATION SHALL DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF NOT, THE BOARD SHALL DETERMINE BY A MAJORITY VOTE OF THE DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION, THE BOARD SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. ANNUAL DISCLOSURE IS REQUIRED, AND THE CONFLICT OF INTEREST POLICY INCLUDES A DUTY TO DISCLOSE ACTUAL OR POTENTIAL CONFLICTS AS THEY ARISE. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DOES NOT COMPENSATE ANY INDIVIDUAL THAT MEETS THE INTERNAL REVENUE SERVICE DEFINITION OF TOP MANAGEMENT OFFICIAL, OFFICER, OR KEY EMPLOYEE. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2025. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PURCHASED SERVICES: PROGRAM SERVICE EXPENSES 793,267. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 793,267.