2024-05-10T14:53:31-05:00 2023-06-30 PWC US TAX LLP 2001 MARKET ST SUITE 1800 PHILADELPHIA PA 19103 990 2022-07-01 232351015 PGH Development Corporation % MAZARS USA LLP PGHD 2155901000 426 CURIE BLVD PHILADELPHIA PA 19104 DOUGLAS HOCK VICE PRESIDENT 2155901000 2024-05-07 true DOUGLAS HOCK 999009999 ERICA R MCREYNOLDS P00977806 2673303000 2024-05-01 2 2022 2023-04-26 12:10:37Z CRAIG CARNAROLI 426 CURIE BLVD PHILADELPHIA PA 19104 740821 false X N/A X 1985 PA SEE SCHEDULE O 4 0 0 0 0 0 0 0 905037 737349 0 1628 481 1844 905518 740821 0 0 0 0 0 0 0 0 0 1461807 1316665 1461807 1316665 -556289 -575844 8745713 8283281 346141 145553 8399572 8137728 X SEE SCHEDULE O false false 575851 739193 PGH DEVELOPMENT CORPORATION (PGHDC) IS A PENNSYLVANIA NON PROFIT CORPORATION THAT SUPPORTS THE HEALTH AND EDUCATIONAL ACTIVITIES OF THE UNIVERSITY OF PENNSYLVANIA AND THE CHILDREN'S HOSPITAL OF PHILADELPHIA. PGHDC PROVIDES SUPPORT TO THESE ACTIVITIES BY DEVELOPING, MAINTAINING AND IMPROVING ACCESS, PARKING, OPEN AREAS AND FACILITIES UTILIZED IN COMMON BY THESE ORGANIZATIONS. 575851 true false false false false false false false false true false false false false false true true false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 0 0 0 false false false false false false false false false false false false false X 4 0 false false true false true false false true false false false true true true true true true false false false PA X MAZARS USA LLP 2152591000 501 OFFICE CENTER DRIVE FORT WASHINGTON PA 19034 CRAIG CARNAROLI PRESIDENT 1.0 45.0 X X 0 2388093 417478 DOUGLAS HOCK VICE PRESIDENT 1.0 45.0 X X 0 1963004 67020 JEFFREY KAHN FORMER TREASURER 0.0 45.0 X 0 1400069 63102 LEE DOBKIN ESQ FORMER SECRETARY 0.0 45.0 X 0 936652 48877 ANNE PAPAGEORGE SECRETARY 1.0 45.0 X X 0 758705 67699 DONALD MOORE TREASURER 1.0 45.0 X X 0 605579 25052 0 8052102 689228 0 true true false 0 0 PARTICIPANT LEASE PERMIT REVENUE 900099 737349 737349 0 0 737349 1628 1628 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ELECTRIC CAR CHARGING 900099 1844 1844 0 0 1844 740821 739193 0 1628 0 0 0 0 0 0 0 0 0 0 558439 558439 0 101768 101768 0 0 0 0 0 0 0 24 24 0 0 0 0 0 0 0 0 575851 575851 38998 38998 UTILITIES 39842 39842 FACILITY IMPROVEMENT EXPENSE 1264 1264 BANK FEES 479 479 1316665 575851 740814 0 191304 150153 0 0 0 0 225550 197213 0 0 0 0 0 0 0 0 12377 13672 20580786 13006564 7887459 7574222 0 0 0 0 0 0 0 0 429023 348021 8745713 8283281 346141 145553 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 346141 145553 X 8399572 8137728 0 0 8399572 8137728 8745713 8283281 X -575844 314000 X false true X true false X X X 2 TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA 231352685 2 true 0 0 THE CHILDREN'S HOSPITAL OF PHILADELPHIA 231352166 3 true 0 0 2 0 0 true false false false false false false false false false false false false false false true false 1717000 1717000 18728024 12921220 5806804 135762 85344 50418 7574222 740821 740821 740821 1316665 1316665 1316665 false true false false false false false false false CRAIG CARNAROLI PRESIDENT 0 887498 0 1000000 0 500595 0 389700 0 27778 0 2805571 0 384000 DOUGLAS HOCK VICE PRESIDENT 0 1051366 0 726000 0 185638 0 21350 0 45670 0 2030024 0 0 ANNE PAPAGEORGE SECRETARY 0 549378 0 138000 0 71327 0 49950 0 17749 0 826404 0 56160 DONALD MOORE TREASURER 0 377971 0 201880 0 25728 0 21350 0 3702 0 630631 0 0 LEE DOBKIN ESQ FORMER SECRETARY 0 724553 0 179250 0 32849 0 27450 0 21427 0 985529 0 0 JEFFREY KAHN FORMER TREASURER 0 739638 0 505754 0 154677 0 30610 0 32492 0 1463171 0 FORM 990, SCHEDULE J, PART I, LINE 4B DOUGLAS HOCK - 166,397 JEFFREY KAHN - 100,835 ANNE PAPAGEORGE - 91,847 DONALD MOORE - 19,242 SCHEDULE J, PART II, COLUMN (C) THE AMOUNT REPORTED HERE MAY INCLUDE CHANGES IN ACTUARIAL VALUES OF SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN ("SERP") AS REQUIRED TO BE REPORTED BY THE IRS. SCHEDULE J, PART II THE INDIVIDUALS LISTED IN PART VII ARE W-2 EMPLOYEES OF EITHER THE UNIVERSITY OF PENNSYLVANIA OR THE CHILDREN'S HOSPITAL OF PHILADELPHIA, BOTH OF WHICH ARE RELATED ORGANIZATIONS. COMPENSATION REPORTED MAY INCLUDE COMPENSATION FOR SERVICES TO OTHER RELATED ORGANIZATIONS. SEE FORM 990, PART VII FOR INFORMATION REGARDING THE AVERAGE HOURS PER WEEK DEVOTED TO RELATED ORGANIZATIONS. FORM 990, PART I, LINE 1 & FORM 990, PART III, LINE 1 THE ORGANIZATION WAS FORMED FOR THE PURPOSE OF DEVELOPING AND SERVICING CERTAIN ACCESS AREAS, COMMON GROUNDS, AND PARKING FACILITIES FOR HEALTHCARE AND RESEARCH FACILITIES. FORM 990, PART VI, SECTION A, LINE 4 PGHDC AMENDED ITS BYLAWS AND ARTICLES OF INCORPORATION IN MAY OF 2023 TO CLARIFY ITS POWERS TO ACQUIRE AND DEVELOP CERTAIN REAL ESTATE HOLDINGS. FORM 990, PART VI, SECTION A, LINE 6 THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA AND THE CHILDREN'S HOSPITAL OF PHILADELPHIA ARE THE MEMBERS OF PGH DEVELOPMENT CORPORATION. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO ITS FILING, A COPY OF THIS RETURN WAS REVIEWED WITH THE AUDIT, COMPLIANCE, AND RISK COMMITTEE OF THE BOARD OF THE CHILDREN'S HOSPITAL OF PHILADELPHIA AND MADE AVAILABLE TO ALL MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE CHILDREN'S HOSPITAL OF PHILADELPHIA MAINTAINS A CONFLICTS OF INTEREST PROGRAM PURSUANT TO ITS WRITTEN CONFLICTS OF INTEREST (COI) POLICY APPLICABLE TO THE HOSPITAL AND ITS AFFILIATES. THE POLICY REQUIRES SUBMISSION OF ANNUAL CONFLICT OF INTEREST DISCLOSURES BY TRUSTEES, OFFICERS, MEMBERS OF SENIOR MANAGEMENT, MEMBERS OF THE MEDICAL STAFF, RESEARCHERS, AND CERTAIN OTHERS EMPLOYED BY OR AFFILIATED WITH THE HOSPITAL AND ITS AFFILIATES TO THE HOSPITAL'S OFFICE OF COMPLIANCE AND PRIVACY (OCP). THE DISCLOSURES COVER GIFTS, OUTSIDE INTERESTS, OUTSIDE ACTIVITIES AND OTHER MATTERS THAT MAY CONSTITUTE A POTENTIAL OR ACTUAL CONFLICT OF INTEREST. DISCLOSURES SUBMITTED BY TRUSTEES, OFFICERS, AND MEMBERS OF SENIOR MANAGEMENT (INCLUDING KEY EMPLOYEES) ARE REVIEWED BY THE OCP AND THE OFFICE OF GENERAL COUNSEL AND SUMMARIES ARE REVIEWED BY THE AUDIT, COMPLIANCE AND RISK COMMITTEE OF THE BOARD. WHERE APPROPRIATE, WRITTEN COI MANAGEMENT PLANS ARE PUT IN PLACE AND MONITORED FOR COMPLIANCE BY THE OCP. FORM 990, PART VI, SECTION B, LINE 15 ALL INDIVIDUALS REPORTED ON PART VII ARE PAID BY RELATED ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 FORM 990 AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. THE CONFLICTS ON INTEREST POLICY IS AVAILABLE ON THE CHILDREN'S HOSPITAL OF PHILADELPHIA'S WEBSITE. Form 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS OR FUND BALANCES TRANSFER TO/FROM AFFILIATES: 314,000 TOTAL 314,000 TRUSTEES OF UNIVERSITY OF PENNSYLVANIA 3451 WALNUT STREET PHILADELPHIA PA 19104 231352685 EDUCATION PA 501(c)(3) 2 NA false THE CHILDREN'S HOSPITAL OF PHILADELPHIA 3401 CIVIC CENTER BLVD PHILADELPHIA PA 19104 231352166 HEALTHCARE PA 501(c)(3) 3 CHOP FND false false false false false false false false false false false false false false true true false false false true