2023-11-15T07:02:40-08:00 2022-12-31 274435968 Morey Nee Buck & Oswald LLC 2571 Baglyos Cir Ste B20 Bethlehem PA 18020 990 2022-01-01 842453611 KENSINGTON CORRIDOR TRUST KENS 2674286299 3400 J Street Unit G12 PHILADELPHIA PA 19134 Adriana Abizadeh Executive Dir. 2023-11-15 true Adriana Abizadeh 999009999 true WILLIAM C OSWALD P01223342 6108821000 2 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z X Adriana Abizadeh 238939 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. 8 9 3 0 233924 0 0 5015 238939 0 0 251707 0 15014 282952 534659 -295720 1754479 1551111 203368 UTILIZE COLLECTIVE OWNERSHIP TO DIRECT INVESTMENTS ON THE CORRIDOR THAT PRESERVE CULTURE AND AFFORDABILITY WHILE BUILDING NEIGHBORHOOD POWER AND WEALTH IN KENSINGTON. false false 501978 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. 501978 true true false false false false false false false false true false false false true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 6 0 false 3 false false false false false false false false 0 false false false false false false false X 8 9 false false false false false false false true true false false true true false false true true false false false PA X Management 2674286299 3400 J Street Unit G12 PHILADELPHIA PA 19134 X Adriana Abizadeh Executive Director 40.00 0.00 75385 0 0 Jonathan Arrieta Director 2.00 0.00 X 0 0 0 Darlene Burton Director 2.00 0.00 X 0 0 0 Charles Evans Director 2.00 0.00 X 0 0 0 Juan Perez Director 2.00 0.00 X 0 0 0 Tayyib Smith Director 2.00 0.00 X 0 0 0 John Chun Secretary 2.00 0.00 X 0 0 0 Jimmy Duran Treasurer 2.00 0.00 X 0 0 0 Alexander Robles Chairman 2.00 0.00 X 0 0 0 75385 0 false false false 0 233924 233924 0 0 0 0 5015 5015 5015 5015 0 0 0 0 0 238939 5015 0 0 0 0 75384 67846 3769 3769 0 156275 140647 7814 7814 0 0 20048 18044 1002 1002 0 0 0 0 0 0 0 0 0 0 0 0 52 52 0 0 9500 9500 0 32673 32673 12291 11061 615 615 Contract expenses 87248 87248 Legal and Professional 77086 77086 Maintenance and repairs 17986 17986 taxes 16116 14504 806 806 30000 25331 3661 1008 534659 501978 17667 15014 756954 0 0 0 0 0 0 0 0 980198 32673 947525 0 0 0 0 50000 0 1754479 9611 1537500 4000 0 1551111 X 203368 0 203368 0 1754479 X -295720 499088 X false true X true false X 232730 232730 0 0 0 0 232730 232730 0 0 232730 0 0 0 0 232730 232730 X 0.00000 0.00000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 497673 497673 482525 32673 449852 947525 SECURITY DEPOSIT 4000 4000 X 238939 238939 238939 534659 534659 534659 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. Form 990, Part VI, Section B, Line 11b No review was or will be conducted. Form 990, Part VI, Section C, Line 19 No documents available to the public. Form 990, Part XI, Line 9 from transition to independent from fiscal sponsorship = $499088