Nonprofit · EIN 23-2494907
1715 PROPERTIES INC
Tax-exempt · PHILADELPHIA, PA 19146
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $453,578 | $712,758 | -$259,180 | $3,853,571 | $3,117,300 | $736,271 |
| June 30, 2024 | 990 | $416,119 | $612,780 | -$196,661 | $4,112,751 | $3,117,300 | $995,451 |
| June 30, 2023 | 990 | $412,338 | $912,801 | -$500,463 | $4,309,412 | $3,117,300 | $1,192,112 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $0
- Net rental income
- $453,578
- Other revenue
- $453,578
Expenses
- Grants and similar amounts paid
- $600,000
- Compensation of officers, directors and key employees
- $104,400
- Salaries, compensation and benefits (total)
- $112,758
- Professional fundraising fees
- $0
- Program services (functional)
- $712,758
Balance sheet and other
- Total assets, start of year
- $4,112,751
- Total assets, end of year
- $3,853,571
- Total liabilities, end of year
- $3,117,300
- Net assets, end of year
- $736,271
- Land, buildings and equipment
- $3,213,197
- Net assets without donor restrictions
- $186,271
- Net assets with donor restrictions
- $550,000
- Gross receipts
- $834,516
- Employees
- 2
- Volunteers
- 0
- Year formed
- 1983
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| RAYMOND A PESCATORE | CEO Officer | 10 | $78,000 | $471,751 | $75,370 |
| JAMES KENNEDY | CFO Officer | 24 | $26,400 | $75,512 | $6,551 |
| ROYAL BROWN | TREASURER Trustee or director, Officer | 1 | $6,000 | $0 | $0 |
| CLAUDIA SHERROD | SECRETARY Trustee or director, Officer | 1 | $6,000 | $0 | $0 |
| ANGELA PALMIERI | BOARD CHAIRPERSON Trustee or director, Officer | 1 | $3,000 | $0 | $0 |
| JOHN PAONE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| RAYMOND A PESCATORE | CEO Officer | 5 | $78,000 | $443,513 | $65,585 |
| JAMES KENNEDY | CFO Officer | 5 | $26,400 | $100,240 | $2,708 |
| EMILIO R MATTICOLI EDD | BOARD CHAIRMAN Trustee or director, Officer | 5 | $26,400 | $0 | $0 |
| ROYAL BROWN | TREASURER Trustee or director | 1 | $6,000 | $0 | $0 |
| CLAUDIA SHERROD | SECRETARY Trustee or director | 1 | $6,000 | $0 | $0 |
990 for the year ended June 30, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| RAYMOND A PESCATORE | CEO Officer | 5 | $78,000 | $422,493 | $27,825 |
| JAMES KENNEDY | CFO Officer | 5 | $26,400 | $104,990 | $2,850 |
| EMILIO R MATTICOLI EDD | Board Chairman Trustee or director, Officer | 5 | $26,400 | $0 | $0 |
| ROYAL BROWN | Treasurer Trustee or director | 1 | $6,000 | $0 | $0 |
| CLAUDIA SHERROD | Secretary Trustee or director | 1 | $6,000 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1409 LOMBARD ST, PHILADELPHIA, PA 19146-1656
- In care of
- % JAMES KENNEDY
- Principal officer (990 for 2024)
- RAYMOND A PESCATORE, 1409 LOMBARD STREET, PHILADELPHIA, PA 19146
- Signed the 990
- RAYMOND A PESCATORE, CEO
- Phone
- (215) 735-7422
- Return prepared by
- STEPHANO SLACK LLC
Mission
TO HOLD TITLE TO PROPERTY, TO COLLECT THE INCOME THEREFROM, AND TURNOVER THE ENTIRE AMOUNT THEREOF, LESS EXPENSES, TO CITIZENS ACTINGTOGETHER CAN HELP, INC., AND ANY OTHER QUALIFIED ORGANIZATIONS WHOARE EXEMPT FROM TAXATION UNDER 501(A) OF INTERNAL REVENUE CODE ANDWHO CONFORM TO REQUIREMENTS TO BE ESTABLISHED BY THE BOARD OFDIRECTORS FOR ELIGIBILITY TO RECEIVE SAID INCOME.
Program accomplishments
- ACQUISITION OF AND LEASING OF REAL ESTATE FOR CATCH, INC.Expenses $712,758 · grants $600,000 · revenue $453,578
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-2494907
- Tax-exempt status
- 501(c)(2): Title-holding corporation
- Donations deductible
- No
- Exempt since
- 1990
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $3,853,571
- Income (IRS master file)
- $834,516
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $453,578 | $712,758 | $3,853,571 | IRS |
| 990 | June 2024 | $416,119 | $612,780 | $4,112,751 | XML |
| 990 | June 2023 | $412,338 | $912,801 | $4,309,412 | XML |
| 990 | June 2022 | $462,046 | $167,671 | $4,957,447 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-2494907).
Questions about 1715 PROPERTIES INC
- What is the EIN of 1715 PROPERTIES INC?
- The employer identification number (EIN) of 1715 PROPERTIES INC is 23-2494907.
- Is 1715 PROPERTIES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(2) since 1990.
- Are donations to 1715 PROPERTIES INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does 1715 PROPERTIES INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of 1715 PROPERTIES INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did 1715 PROPERTIES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of 1715 PROPERTIES INC?
- The 990 for the year ended June 30, 2025 names RAYMOND A PESCATORE.
- Who are the officers and directors of 1715 PROPERTIES INC?
- The 990 for the year ended June 30, 2025 lists 6 people; 5 received compensation from the organization, the highest $78,000 (RAYMOND A PESCATORE, CEO).
- How much revenue does 1715 PROPERTIES INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $453,578, expenses of $712,758 and total assets of $3,853,571 at year end.
Other nonprofits in PHILADELPHIA
- TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA EIN 23-1352685 · last filed 990 for 2025
- THE CHILDRENS HOSPITAL OF PHILADELPHIA EIN 23-1352166 · last filed 990 for 2025
- THOMAS JEFFERSON UNIVERSITY HOSPITAL EIN 23-2829095 · last filed 990 for 2025
- TEMPLE UNIVERSITY HOSPITAL INC EIN 23-2825878 · last filed 990 for 2025
- HEALTH PARTNERS PLANS INC EIN 23-2379751 · last filed 990 for 2024
- TEMPLE UNIVERSITY-OF THE COMMONWEALTH SYSTEM OF HIGHER EDUC EIN 23-1365971 · last filed 990 for 2025
- THOMAS JEFFERSON UNIVERSITY EIN 23-1352651 · last filed 990 for 2025
- DREXEL UNIVERSITY EIN 23-1352630 · last filed 990 for 2025