2025-11-06T11:08:02-06:00 2025-06-30 943108253 NOVOGRADAC & COMPANY LLP 5 GREAT VALLEY PARKWAY SUITE 319 MALVERN PA 19355 990 2024-07-01 462668689 MPOWER DEVELOPMENT CORP MPOW 2152327272 1415 FAIRMOUNT AVE SUITE 241 PHILADELPHIA PA 19130 KEVIN NOEL TREASURER 2153206192 2025-11-06 1 0 DAYLE R DALLING P01695822 6102324810 2024 2025-03-06 01:10:19Z KEVIN NOEL 1415 FAIRMOUNT AVE SUITE 241 PHILADLEPHIA PA 19130 783960 0 X N/A X 2013 PA THE CORPORATION'S MISSION IS TO HOLD TITLE TO PROPERTY, COLLECT RENT THEREFROM AND TURN OVER THE ENTIRE AMOUNT THEREOF, LESS EXPENSES, TO AN ORGANIZATION WHICH ITSELF IS EXEMPT UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. 4 0 0 0 0 0 0 0 216239 378798 416280 405162 0 0 632519 783960 0 0 0 0 0 0 0 0 0 343888 566339 343888 566339 288631 217621 13369348 12984535 95833 99227 13273515 12885308 THE CORPORATION'S MISSION IS TO HOLD TITLE TO PROPERTY, COLLECT RENT THEREFROM AND TURN OVER THE ENTIRE AMOUNT THEREOF, LESS EXPENSES, TO AN ORGANIZATION WHICH ITSELF IS EXEMPT UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. 0 0 471525 OPERATION AND MAINTENANCE OF PROPERTY HELD FOR 501(A) ORGANIZATIONS 605828 DISTRIBUTION OF NET PROFIT TO ORGANIZATION EXEMPT FROM INCOME TAX UNDER SECTION 501(A) 1077353 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 0 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 X PROJECT HOME 2152327272 1415 FAIRMOUNT AVE SUITE 241 PHILADELPHIA PA 19130 DONNA BULLOCK PRESIDENT 0.50 39.50 X X 0 125398 0 KEVIN NOEL TREASURER 0.50 39.50 X X 0 231037 33305 JANET STEARNS SECRETARY 0.50 39.50 X X 0 215712 10345 PROPERTY MANAGER DIRECTOR 10.00 30.00 X 0 0 0 SISTER MARY SCULLION PRESIDENT 0.50 39.50 X 0 342389 63996 0 914536 107646 0 1 1 0 0 RENTAL REVENUE 531120 378798 378798 378798 405162 405162 783960 783960 0 0 85400 85400 9250 9250 160925 160925 84773 84773 163890 163890 OPERATING AND MAINTENAN 61937 61937 MISCELLANEOUS 164 164 566339 471525 94814 0 978592 726234 10164 212563 1793 1418 3466016 1596684 1954105 1869332 10424694 10174988 13369348 12984535 23408 53524 14137 0 58288 45703 95833 99227 X 13273515 12885308 13273515 12885308 13369348 12984535 X 217621 -605828 X 0 1 X 1 0 540800 540800 2106208 785005 1321203 819008 811679 7329 1869332 NET INVESTMENT IN LEASE 9904369 NET INVESTMENT IN LEASE, CURRENT PORTION 270619 10174988 TENANT SECURITY DEPOSIT 45703 45703 X 378798 0 378798 0 378798 566339 0 566339 0 566339 PART X, LINE 2: THE ORGANIZATION IS A NOT FOR PROFIT CORPORATION WHICH IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(2) OF THE INTERNAL REVENUE CODE ("IRC"). THE ORGANIZATION IS NOT TAXED ON INCOME DERIVED FROM ITS EXEMPT FUNCTIONS. HOWEVER, THE ORGANIZATION IS SUBJECT TO TAX ON UNRELATED BUSINESS INCOME, WHICH IS GENERATED FROM THE ORGANIZATION'S INVESTMENT INCOME AND OTHER ACTIVITIES NOT RELATED TO THEIR STATED EXEMPT PURPOSES. THE PREPARATION OF FINANCIAL STATEMENTS IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES THE ORGANIZATION TO REPORT INFORMATION REGARDING ITS EXPOSURE TO VARIOUS TAX POSITIONS TAKEN BY THE ORGANIZATION, INCLUDING CHANGES TO THE ORGANIZATION'S STATUS AS A NOT-FOR-PROFIT ENTITY. MANAGEMENT HAS DETERMINED WHETHER ANY TAX POSITIONS HAVE MET THE RECOGNITION THRESHOLD AND HAS MEASURED THE ORGANIZATION'S EXPOSURE TO THOSE TAX POSITIONS. MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS ADEQUATELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THAT THERE ARE NO UNRECORDED TAX LIABILITIES. FEDERAL AND STATE TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE AND AUDIT THE PREVIOUS THREE YEARS OF TAX RETURNS FILED. ANY INTEREST OR PENALTIES ASSESSED TO THE ORGANIZATION ARE RECORDED IN OPERATING EXPENSES. NO INTEREST OR PENALTIES FROM FEDERAL OR STATE TAX AUTHORITIES WERE RECORDED IN THE ORGANIZATION'S FINANCIAL STATEMENTS. 0 0 0 SISTER MARY SCULLION PRESIDENT 0 319389 0 0 0 23000 0 54454 0 9542 0 406385 0 0 KEVIN NOEL TREASURER 0 231037 0 0 0 0 0 11821 0 21484 0 264342 0 0 JANET STEARNS SECRETARY 0 215712 0 0 0 0 0 10345 0 0 0 226057 0 0 DONNA BULLOCK KEVIN NOEL DIRECTOR AND KEY EMPLOYEE OF PROJECT HOME 85400 MANAGEMENT FEES 0 DONNA BULLOCK KEVIN NOEL DIRECTOR AND KEY EMPLOYEE OF PROJECT HOME 68122 REIMBURSED EXPENSES 0 DONNA BULLOCK KEVIN NOEL DIRECTOR AND KEY EMPLOYEE OF PROJECT HOME 977665 COMMERCIAL RENTAL REVENUE 0 DONNA BULLOCK KEVIN NOEL DIRECTOR AND KEY EMPLOYEE OF PROJECT HOME 605828 DISTRIBUTION TO 501(C)(3) 0 FORM 990, PART VI, SECTION A, LINE 3 THE COMPANY IS MANAGED BY AN AFFILIATE ENTITY, PROJECT HOME, A 501(C)(3) NON PROFIT CORPORATION. FORM 990, PART VI, SECTION A, LINE 8B COMMITTEES DO NOT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS EMAILED TO ALL BOARD MEMBERS FOR REVIEW AND APPROVAL PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C THERE IS ONE BOARD MEETING EACH YEAR IN WHICH THE BOARD MEMBERS ARE ASKED TO SIGN AND SUBMIT THEIR STATEMENT REGARDING EXISTING OR POTENTIAL CONFLICTS. FORM 990, PART VI, SECTION C, LINE 19 A COPY OF FORMS 990 AND 1024 ARE MAINTAINED BY THE MANAGED ENTITIES CONTROLLER AND MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: DISTRIBUTION -605,828. PROJECT HOME 1415 FAIRMOUNT AVE SUITE 241 PHILADELPHIA PA 19130 232555950 AFFRD HSG PA 501C3 7 N/A 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 1 0 1 0 PROJECT HOME M 85400 COST PROJECT HOME J 977665 RENTAL PROJECT HOME P 68122 COST PROJECT HOME R 605828 COST