2025-11-06T11:05:02-06:00 2024-12-31 943108253 NOVOGRADAC & COMPANY LLP 5 GREAT VALLEY PARKWAY SUITE 319 MALVERN PA 19355 990 2024-01-01 205575302 1850 NORTH CROSKEY DEVELOPMENT CORPORATION 1850 2152327272 1415 FAIRMOUNT AVENUE 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 PHILADELPHIA PA 19130 585812 0 X N/A X 2006 PA THE MISSION OF THE ORGANIZATION IS TO ACQUIRE AND REHABILITATE REAL PROPERTY IN PHILADELPHIA, PA FOR LOW INCOME PERSONS AND TO OPERATE A 24 SINGLE ROOM RESIDENCE UNDER SECTION 221 OF THE NATIONAL HOUSING ACT. 5 3 0 0 0 0 236354 184191 35305 23170 1817 2265 7156 376186 280632 585812 0 0 0 0 0 0 0 0 0 388138 394236 388138 394236 -107506 191576 1743376 1586471 2431640 2083159 -688264 -496688 THE MISSION OF THE ORGANIZATION IS TO ACQUIRE AND REHABILITATE REAL PROPERTY IN PHILADELPHIA, PA FOR LOW INCOME PERSONS AND TO OPERATE A 24 SINGLE ROOM RESIDENCE UNDER SECTION 221 OF THE NATIONAL HOUSING ACT. 0 0 370584 TO ACQUIRE AND REHABILITATE REAL PROPERTY IN PHILADELPHIA, PA FOR LOW INCOME PERSONS AND TO OPERATE A 24 SINGLE ROOM RESIDENCE UNDER SECTION 221 OF THE NATIONAL HOUSING ACT. 370584 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 4 0 1 0 0 0 0 0 0 0 0 0 0 0 X 5 3 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 S MARY SCULLION PRESIDENT 0.50 39.50 X 0 342389 63996 DONNA BULLOCK PRESIDENT 0.50 39.50 X X 0 125398 0 KEVIN NOEL TREASURER 0.50 39.50 X X 0 231037 33305 MARC GETSON DIRECTOR 0.00 0.00 X 0 0 0 JIM PATERNO SECRETARY 0.00 0.00 X 0 0 0 DAN HIRST DIRECTOR 0.00 0.00 X 0 0 0 PROPERTY MANAGER DIRECTOR 10.00 30.00 X 0 0 0 0 698824 97301 0 1 1 0 0 77691 106500 184191 TENANT RENT 531110 14033 14033 SUPPORTIVE SERVICE INC 624210 9137 9137 23170 2265 2265 FORGIVENESS OF DEBT 900000 369721 369721 OTHER REVENUE 531390 6465 6465 376186 585812 399356 0 2265 7355 7355 2437 2437 10000 10000 34612 34612 103 103 148660 148660 13069 13069 OPERATING AND MAINTENAN 90746 90746 PERSONNEL EXPENSE 75680 75680 SUPPORTIVE SERVICES EXP 7817 7817 MISCELLANEOUS ADMINISTR 3757 3757 394236 370584 23652 0 15707 16680 6133 1952 6749 7560 3664104 2143046 1669718 1521058 45069 39221 1743376 1586471 61686 85677 22032 27428 2240789 1871171 107133 98883 2431640 2083159 X -688264 -496688 -688264 -496688 1743376 1586471 191576 0 X 0 1 X 1 0 X 200265 163104 165977 181558 159485 870389 200265 163104 165977 181558 159485 870389 870389 368 46 129 1817 2265 4625 6809 10206 3054 7156 6465 33690 908704 0.95780 0.96260 X PART II, LINE 10 - OTHER INCOME DETAIL MISCELLANEOUS INCOME $6,465 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 30590 30590 3372527 1928098 1444429 260987 214948 46039 0 1521058 DEVELOPER FEE PAYABLE 98883 98883 X 585812 0 585812 0 585812 394236 0 394236 0 394236 PART X, LINE 2: THE CORPORATION IS A NOT FOR PROFIT CORPORATION WHICH IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC"). THE CORPORATION IS NOT TAXED ON INCOME DERIVED FROM ITS EXEMPT FUNCTIONS. HOWEVER, THE CORPORATION IS SUBJECT TO TAX ON UNRELATED BUSINESS INCOME, WHICH IS GENERATED FROM THE CORPORATION'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 CORPORATION TO REPORT INFORMATION REGARDING ITS EXPOSURE TO VARIOUS TAX POSITIONS TAKEN BY THE CORPORATION, INCLUDING CHANGES TO THE CORPORATION'S STATUS AS A NOT-FOR-PROFIT ENTITY. MANAGEMENT HAS DETERMINED WHETHER ANY TAX POSITIONS HAVE MET THE RECOGNITION THRESHOLD AND HAS MEASURED THE CORPORATION'S EXPOSURE TO THOSE TAX POSITIONS. MANAGEMENT BELIEVES THAT THE CORPORATION 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 CORPORATION ARE RECORDED IN OPERATING EXPENSES. NO INTEREST OR PENALTIES FROM FEDERAL OR STATE TAX AUTHORITIES WERE RECORDED IN THIS RETURN. 0 0 0 0 0 0 0 0 0 S 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 DONNA BULLOCK & KEVIN NOEL DIRECTOR AND KEY EMPLOYEE OF PROJECT HOME 83947 REIMBURSED EXPENSES 0 DONNA BULLOCK & KEVIN NOEL DIRECTOR AND KEY EMPLOYEE OF PROJECT HOME 7355 MANAGEMENT FEES 0 DONNA BULLOCK & KEVIN NOEL DIRECTOR AND KEY EMPLOYEE OF PROJECT HOME 106500 CONTRIBUTION REVENUE FROM PROJECT HOME 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 OF THE BOARD DO NOT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE BOARD. 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. ANY QUESTIONS OR COMMENTS FROM BOARD MEMBERS ARE ADDRESSED PRIOR TO 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. PROJECT HOME 1415 FAIRMOUNT AVE SUITE 241 PHILADELPHIA PA 19130 232555950 SUPRTV HSG PA 501C3 7 N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 PROJECT HOME P 83497 COST PROJECT HOME M 7355 COST PROJECT HOME C 106500 COST