Centennial Parkside CDC FY2021 filing

Tax-deductible

Philadelphia, PA501(c)(3)Community DevelopmentEIN 47-4815728Revenue $311K in FY2021

On file with the IRScentennialparkside.orgPo Box 28050, 19131-8050 · Philadelphia, PATax-exempt since Jan 2016Publicly supported charity — 170(b)(1)(A)(vi)

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Our mission is to preserve, promote and revitalize east Parkside through partnerships with businesses and institutions and programs that engage residents, increase opportunity, and grow a diverse, thriving community.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$67K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $53K a year · 9% 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
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$67K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $58K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$124K
13% of total assets
Looks good: liabilities are 13% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$311K
-41% vs prior year
Spent
$480K
To programs
85%
Net assets
$819K
By yearFY2020–FY2024
Revenue
$311K
FY2021▼ -41%
Tap a bar for its year
Revenue by fiscal year
FY2020$525K
FY2021$311K
FY2022$468K
FY2023$813K
FY2024$931K
Expenses
$480K
FY2021▲ +75%
Tap a bar for its year
Expenses by fiscal year
FY2020$274K
FY2021$480K
FY2022$506K
FY2023$635K
FY2024$888K
Net assets
$819K
FY2021▼ -17%
Tap a bar for its year
Net assets by fiscal year
FY2020$988K
FY2021$819K
FY2022$780K
FY2023$958K
FY2024$1.0M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2016.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $409K Management & general 13% · $64K Fundraising 2% · $8K

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

9 people listed on the 990; $67K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$58,178Pt VII · Sec A
$8,738Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Financial Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A

Jessi Ray Koch’s $77K as Executive Director is at the 53rd percentile of top reported officer pay among 1709 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Jessi Ray Koch$77,289————
Chris Spahr$17,860$64,417$59,202$58,178$58,000
Alexandra McFadden———$8,738—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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

Revitalizes East Parkside by engaging residents and growing a diverse, thriving community.

Questions for Centennial Parkside CDC

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Provided by the organization

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3 programs · $384K · in their own filed words · FY2021
01

The Clean and Green / Ambassador Program

Provides supplemental clean up to city services. We hold block clean ups, sweep sidewalks, remove bill posting and attend to vacant lot maintenance. We also provide a living wage job to residents and workforce development opportunities to build new skills.

$198Kprogram expense
02

Arts and Culture Programs

Neighborhood programming related to health and the arts. This includes financial literacy workshops for youth and their parents, spoken word and poetry workshops for youth, and spaces for youth to express their challenges and victories through table talks.

$142Kprogram expense
03

Real Estate

Works to acquire and renovate properties in the neighborhood to provide affordable housing and commercial space for residents. Educates residents in real estate acquisition, development, and management.

$44Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$58K
See all 3 funders →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$311K
Ln 12
Gifts and grantsLn 1h$309K
Investment incomeLn 3$1K
Money outPt IX
$480K
Ln 25
Programscol B$409K
Managementcol C$64K
Fundraisingcol D$8K
Owns and owesPt X
$819K
net assets · Ln 32
Cash and savingsLn 1–2$227K
Total assetsLn 16$942K
LiabilitiesLn 26$124K
PeoplePt VI, VII
9
listed · VII A
PaidVII A2
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$309K
Government grantsLn 1e$227K
Investment incomeLn 3$1K
Total revenueLn 12$311K
Assets in detailPt X, end of year
CashLn 1$227K
Cash and savings togetherLn 1–2$227K
Land, buildings, equipmentLn 10c$154K
Other assetsLn 15$198K
Total assetsLn 16$942K
LiabilitiesLn 26$124K
Net assetsLn 32$819K
OperationsPt I, VI
EmployeesI 519
VolunteersI 6100
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$290K$227K
Land, buildings, equipmentLn 10c$115K$154K
Total assetsLn 16$1.1M$942K
LiabilitiesLn 26$129K$124K
Net assetsLn 32$988K$819K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$67K$22K$42K$3K
Other salaries and wagesLn 7$150K$150K$0$0
Other employee benefitsLn 9$3K$2K$583$29
Payroll taxesLn 10$19K$15K$4K$186
Legal feesLn 11b$5K$4K$1K$50
Accounting feesLn 11c$6K$5K$1K$64
Other fees for servicesLn 11g$15K$12K$3K$149
Advertising and promotionLn 12$7K$0$3K$4K
Office expensesLn 13$3K$3K$667$32
Information technologyLn 14$1K$1K$0$0
OccupancyLn 16$3K$3K$696$35
TravelLn 17$1K$826$209$10
InterestLn 20$9K$9K$0$0
Depreciation, depletion and amortizationLn 22$5K$5K$0$0
InsuranceLn 23$8K$6K$2K$77
Other expenses (24a–d)Ln 24$84K$83K$998$50
All other expensesLn 24e$95K$90K$5K$123
Total functional expensesLn 25$480K$409K$64K$8K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $931K$888K$43K$1.0M 990 PDF
FY2023 $813K$635K$178K$958K 990 PDF
FY2022 $468K$506K−$38K$780K 990 PDF
FY2021 Viewing $311K$480K−$169K$819K 990 PDF
FY2020 $525K$274K$250K$988K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $310,858 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $524,671$309,374
I-9 Program service revenue$0
I-10 Investment incomePrior year $40$1,484
I-11 Other revenue$0
I-12 Total revenuePrior year $524,711$310,858
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $147,996$238,067
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $126,463$241,917
I-18 Total expensesPrior year $274,459$479,984
I-19 Revenue less expensesPrior year $250,252−$169,126
Part VI · Governance 8 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $310,858 across 5 lines filed
VIII-1e Government grants$226,942
VIII-1f All other contributions, gifts and grants$82,432
VIII-1h Total contributions, gifts and grants$309,374
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $29$1,484
VIII-12 Total revenueRelated to mission $1,455 · Unrelated business $0 · Excluded from tax $29$310,858
Part IX · Statement of functional expenses $479,984 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $21,537 · Management $42,470 · Fundraising $2,909$66,916
IX-7 Other salaries and wagesPrograms $149,615 · Management $0 · Fundraising $0$149,615
IX-9 Other employee benefitsPrograms $2,303 · Management $583 · Fundraising $29$2,915
IX-10 Payroll taxesPrograms $14,711 · Management $3,724 · Fundraising $186$18,621
IX-11b Legal feesPrograms $3,950 · Management $1,000 · Fundraising $50$5,000
IX-11c Accounting feesPrograms $5,036 · Management $1,275 · Fundraising $64$6,375
IX-11g Other fees for servicesPrograms $11,758 · Management $2,977 · Fundraising $149$14,884
IX-12 Advertising and promotionPrograms $0 · Management $2,761 · Fundraising $3,787$6,548
IX-13 Office expensesPrograms $2,634 · Management $667 · Fundraising $32$3,333
IX-14 Information technologyPrograms $1,250 · Management $0 · Fundraising $0$1,250
IX-16 OccupancyPrograms $2,747 · Management $696 · Fundraising $35$3,478
IX-17 TravelPrograms $826 · Management $209 · Fundraising $10$1,045
IX-20 InterestPrograms $8,649 · Management $0 · Fundraising $0$8,649
IX-22 Depreciation, depletion and amortizationPrograms $4,800 · Management $0 · Fundraising $0$4,800
IX-23 InsurancePrograms $6,051 · Management $1,532 · Fundraising $77$7,660
IX-24 Other expenses (24a–d)Programs $83,141 · Management $998 · Fundraising $50$84,189
IX-24e All other expensesPrograms $89,902 · Management $4,681 · Fundraising $123$94,706
IX-25 Total functional expensesPrograms $408,910 · Management $63,573 · Fundraising $7,501$479,984
Part X · Balance sheet $942,290 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $289,529$226,916
X-3 Pledges and grants receivableStart of year $491,842$355,136
X-9 Prepaid expenses and deferred charges$8,063
X-10c Land, buildings and equipment, netStart of year $115,200$154,346
X-15 Other assetsStart of year $220,000$197,829
X-16 Total assetsStart of year $1,116,571$942,290
X-17 Accounts payable and accrued expensesStart of year $11,028$14,960
X-26 Total liabilitiesStart of year $128,856$123,701
X-27 Net assets without donor restrictionsStart of year $508,623$594,780
X-28 Net assets with donor restrictionsStart of year $479,092$223,809
X-32 Total net assets or fund balancesStart of year $987,715$818,589
X-33 Total liabilities and net assetsStart of year $1,116,571$942,290
Part XI · Reconciliation of net assets $818,589 net assets at year end
XI-1 Total revenue$310,858
XI-2 Total expenses$479,984
XI-3 Revenue less expenses−$169,126
XI-4 Net assets at start of year$987,715
XI-10 Net assets at end of year$818,589

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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