2025-05-15T09:03:20-05:00 2024-12-31 510229493 BARBACANE THORNTON & COMPANY LLP 503 CARR ROAD SUITE 100 WILMINGTON DE 19809 990 2024-01-01 884228143 TRI-STATE COMMUNITY PARTNERS INC TRI- 3028889152 1007 NORTH ORANGE STREET FL 4 WILMINGTON DE 19801 WILL HORROCKS PRESIDENT AND DIRECTOR 2679907632 2025-05-15 1 JEFFREY A KOWALCZYK CPA P01563311 3024788940 2024 2025-03-06 01:10:19Z WILL HORROCKS 1007 N ORANGE STREET WILMINGTON DE 19801 3701807 0 X N/A X 2022 DE TRI-STATE COMMUNITY PARTNERS, INC. (TSCP) WILL LESSEN THE BURDENS OF GOVERNMENT AND PROMOTE THE GENERAL WELFARE OF THE COMMUNITY BY ASSISTING THE CITY OF SEAFORD, DELAWARE (CITY), AND THE STATE OF DELAWARE (STATE) IN ELIMINATING A BLIGHTED AREA IN THE COMMUNITY. 5 5 0 5 0 0 617246 3659364 0 0 38882 42443 0 0 656128 3701807 16909 10500 0 0 0 0 0 0 0 22534 31012 39443 41512 616685 3660295 5989943 12995830 296831 3642423 5693112 9353407 X TRI-STATE COMMUNITY PARTNERS, INC. (TSCP) WILL LESSEN THE BURDENS OF GOVERNMENT AND PROMOTE THE GENERAL WELFARE OF THE COMMUNITY BY ASSISTING THE CITY OF SEAFORD, DELAWARE (CITY), AND THE STATE OF DELAWARE (STATE) IN ELIMINATING A BLIGHTED AREA IN THE COMMUNITY. 0 0 24774 10500 40000 FUNDS RECEIVED IN 2024 WERE USED IN FURTHERANCE OF TSCP'S NYLON CAPITAL SHOPPING CENTOR REVITALIZATION PROJECT. IT BROKE GROUND IN 2024, WITH BOTH EXISTING TENANTS AND NEW ONES HAVE BEEN ANNOUNCED . THE SITE WILL EVENTUALLY BE HOME TO A HEALTHCARE INCUBATOR, DELAWARE TECH CAMPUS AND OTHER STATE OF THE ART ENTERPRISES. THE CITY HAS RECOGNIZED NYLON CAPITAL SHOPPING CENTER AS A BLIGHTED SITE. THE SITE CONSISTS OF APPROXIMATELY 22 ACRES OF MOSTLY VACANT DILAPIDATED BUILDINGS. THE SHOPPING CENTER, ONCE A SYMBOL OF PRIDE AND PROGRESS FOR THE CITY, IS CURRENTLY 86 PERCENT VACANT AND HAS BEEN PREDOMINANTLY VACANT FOR OVER A DECADE. MOST OF THE SHOPPING CENTER HAS DECAYED INTO A DILAPIDATED SHELL (DELAWARE BUSINESS TIMES, 2019). SUBSTANTIAL PORTIONS OF THE BUILDINGS ARE UNINHABITABLE DUE TO ASBESTOS AND DECAY FROM LACK OF USE AND SIGNIFICANT DEFERRED MAINTENANCE. IMPROVEMENT OF THE SITE WILL REQUIRE ENVIRONMENTAL EXPENDITURES FOR ASBESTOS, REMOVAL OF UNDERGROUND TANKS AND REMOVAL OF CONTAMINATED SOIL. WESTERN SUSSEX COUNTY, DELAWARE, WHERE THE BLIGHTED AREA IS LOCATED, HAS A HOST OF ECONOMIC, SOCIOECONOMIC AND HEALTHCARE ISSUES THAT HAVE BEEN EXACERBATED BY THE COVID-19 PANDEMIC. THE COMMUNITIES THERE EXPERIENCE A POVERTY RATE THAT IS DOUBLE OR TRIPLE THAT STATEWIDE POVERTY RATE OF 12 PERCENT. THIS POVERTY IS BEING EXPERIENCED DISPROPORTIONALLY BY MINORITY POPULATIONS AND SINGLE WOMEN. THE CITY HAS PARTICULARLY STRUGGLED AFTER AN IMPORTANT MANUFACTURING FACILITY CLOSED. THE REDEVELOPMENT OF THE BLIGHTED SITE WILL AID COMBATTING THESE CONDITIONS. THE REDEVELOPMENT OF THE SITE WILL HELP IMPLEMENT THE CITY'S GOAL TO REPLACE THE BLIGHTED SITE, WHICH WAS ONCE THE EPICENTER OF TOWN, AND ENTICE TENANTS WHO WILL BENEFIT THE COMMUNITY AS WELL AS PROVIDING MUCH NEEDED EMPLOYMENT. 24774 0 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 X THE ORGANIZATION 3028889152 1007 NORTH ORANGE STREET FL 4 WILMINGTON DE 19801 X WILL HORROCKS PRESIDENT AND DIRECTOR 0.00 X X 0 0 0 VINCENT GARMAN SECRETARY AND DIRECTOR 0.00 X X 0 0 0 ANDREW LEVIN DIRECTOR 0.00 X 0 0 0 DAVID RINNIER DIRECTOR 0.00 X 0 0 0 TAYLOR SANTORO DIRECTOR 0.00 X 0 0 0 0 0 0 0 0 0 0 0 3659364 3659364 42443 40000 2443 3701807 40000 0 2443 X 10500 10500 283 283 15565 15565 14274 14274 890 890 41512 24774 16738 0 322697 3669220 5667246 9326610 5989943 12995830 25 5264 296806 3637159 296831 3642423 X 5693112 9353407 5693112 9353407 5989943 12995830 3660295 0 X 0 1 X 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 SEAFORD HOLDING COMPANY 9326610 C 9326610 X 3701807 0 3701807 0 3701807 41512 0 41512 0 41512 PART X, LINE 2: NO PROVISION HAS BEEN MADE FOR INCOME TAXES SINCE THE ORGANIZATION HAS QUALIFIED AS A TAX-EXEMPT ORGANIZATION UNDER THE INTERNAL REVENUE CODE, SECTION 501(C)(4), AND ITS ACTIVITIES DO NOT RESULT IN ANY INCOME TAX LIABILITY. IN ACCORDANCE WITH THE SECTION OF THE FASB ASC REGARDING ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, THE ORGANIZATION IS REQUIRED TO RECOGNIZE THE FINANCIAL STATEMENT EFFECTS OF A TAX POSITION IF IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL NOT BE SUSTAINED UPON EXAMINATION. THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION IN THE FINANCIAL STATEMENTS. SINCE TAX MATTERS ARE SUBJECT TO SOME DEGREE OF UNCERTAINTY, THERE CAN BE NO ASSURANCE THAT THE ORGANIZATION'S TAX RETURNS WILL NOT BE CHALLENGED BY THE TAXING AUTHORITIES AND THAT THE ORGANIZATION WILL NOT BE SUBJECT TO ADDITIONAL TAX PENALTIES AND INTEREST AS A RESULT OF SUCH CHALLENGE. 0 FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PROVIDED TO ALL MEMBERS OF THE BOARD PRIOR TO SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY REQUIRES BOARD MEMBERS TO READ THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 1024 AND FORM 990 AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC EXCEPT AS PART OF FORM 1024, WHICH IS AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 14,274. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 14,274.