Chestnut Hill Development Group INC FY2022 filing

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The Association is organized for the purpose of coordinating various commercial activities among the merchants and business members of the Chestnut Hill area of Philadelphia. These include, community development programs, advertising, security and community festivals.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
34¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $493 a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
34%
of spending
Concern: 34% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
5 mo
of spending, in cash
Looks good: 4.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$155K
124% of total assets
Concern: liabilities are 124% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 18 voting members
Concern: none of 18 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$307K
+101% vs prior year
Spent
$287K
To programs
34%
Net assets
−$30K
By yearFY2020–FY2025
Revenue
$307K
FY2022▲ +101%
Tap a bar for its year
Revenue by fiscal year
FY2020$234K
FY2021$153K
FY2022$307K
FY2023$260K
FY2024$250K
FY2025$253K
Expenses
$287K
FY2022▲ +0.6%
Tap a bar for its year
Expenses by fiscal year
FY2020$285K
FY2021Not on file
FY2022$287K
FY2023$263K
FY2024$222K
FY2025$250K
Net assets
−$30K
FY2022▲ +41%
Tap a bar for its year
Net assets by fiscal year
FY2020$1K
FY2021−$51K
FY2022−$30K
FY2023−$33K
FY2024−$5K
FY2025−$2K

From the FY2022 Form 990 (year ending May 2022) · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1991.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

34 cents of each dollar spent went to programs.

Program services 34% · $97K Management & general 66% · $189K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Executive Dir.
$0Pt VII · Sec A
See Chestnut Hill Development Group INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes local business and community events in Chestnut Hill, Philadelphia.

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Provided by the organization

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1 program · $97K · in their own filed words · FY2021
01

Advertising and festivals to promote the members' businesses and community development within the Chestnut Hill area of Philadelphia.

$97Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$307K
Ln 12
Gifts and grantsLn 1h$205K
Fees for servicesLn 2g$103K
Investment incomeLn 3$3
Money outPt IX
$287K
Ln 25
Programscol B$97K
Managementcol C$189K
Owns and owesPt X
−$30K
net assets · Ln 32
Cash and savingsLn 1–2$115K
Total assetsLn 16$125K
LiabilitiesLn 26$155K
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a18
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$205K
Government grantsLn 1e$85K
Fees for servicesLn 2g$103K
Investment incomeLn 3$3
Gains on assetsLn 7$0
Total revenueLn 12$307K
Assets in detailPt X, end of year
CashLn 1$110K
SavingsLn 2$5K
Cash and savings togetherLn 1–2$115K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$125K
LiabilitiesLn 26$155K
Net assetsLn 32−$30K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$125K$115K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$152K$125K
LiabilitiesLn 26$202K$155K
Net assetsLn 32−$51K−$30K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$115K$115K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$4K$4K
Payroll taxesLn 10$10K$10K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$3K$3K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$982$982
Advertising and promotionLn 12$15K$15K
Office expensesLn 13$22K$22K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$11K$11K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$3K$3K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$14K$14K
Other expenses (24a–d)Ln 24$87K$81K$6K
All other expensesLn 24e$2K$2K$515
Total functional expensesLn 25$287K$97K$189K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $253K$250K$3K−$2K 990 PDF
FY2024 $250K$222K$28K−$5K 990 PDF
FY2023 $260K$263K−$3K−$33K 990 PDF
FY2022 Viewing $307K$287K$21K−$30K 990 PDF
FY2021 $153K−$51K 990 PDF
FY2020 $234K$285K−$51K$1K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $307,430 revenue, 12 lines filed
I-8 Contributions and grants$204,908
I-9 Program service revenue$102,519
I-10 Investment income$3
I-11 Other revenue$0
I-12 Total revenue$307,430
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$129,230
I-16a Professional fundraising fees$0
I-17 Other expenses$157,648
I-18 Total expenses$286,878
I-19 Revenue less expenses$20,552
Part VI · Governance 0 of 18 board members independent, 4 to look at
VI-1a Voting members of the governing body18
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $307,430 across 11 lines filed
VIII-1b Membership dues$106,417
VIII-1e Government grants$84,770
VIII-1f All other contributions, gifts and grants$13,721
VIII-1h Total contributions, gifts and grants$204,908
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $102,519$102,519
VIII-3 Investment incomeRelated to mission $3$3
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $102,522$307,430
Part IX · Statement of functional expenses $286,878 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesManagement $115,351$115,351
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsManagement $4,343$4,343
IX-10 Payroll taxesManagement $9,536$9,536
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $2,550$2,550
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $982$982
IX-12 Advertising and promotionPrograms $14,789$14,789
IX-13 Office expensesManagement $21,910$21,910
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyManagement $11,000$11,000
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestManagement $3,169$3,169
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $14,330$14,330
IX-24 Other expenses (24a–d)Programs $80,797 · Management $5,763$86,560
IX-24e All other expensesPrograms $1,843 · Management $515$2,358
IX-25 Total functional expensesPrograms $97,429 · Management $189,449 · Fundraising $0$286,878
Part X · Balance sheet $124,623 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $124,813$109,931
X-2 Savings and temporary cash investments$5,103
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $26,912$9,589
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $151,725$124,623
X-17 Accounts payable and accrued expensesStart of year $6,127$7,314
X-25 Other liabilitiesStart of year $196,141$147,300
X-26 Total liabilitiesStart of year $202,268$154,614
X-27 Net assets without donor restrictionsStart of year −$50,543−$29,991
X-32 Total net assets or fund balancesStart of year −$50,543−$29,991
X-33 Total liabilities and net assetsStart of year $151,725$124,623
Part XI · Reconciliation of net assets −$29,991 net assets at year end
XI-1 Total revenue$307,430
XI-2 Total expenses$286,878
XI-3 Revenue less expenses$20,552
XI-4 Net assets at start of year−$50,543
XI-10 Net assets at end of year−$29,991

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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