Centennial Parkside CDC FY2022 filing

Tax-deductible

Philadelphia, PA501(c)(3)Community DevelopmentEIN 47-4815728

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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.
89¢ of each $1 spent went to programs.
$59K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2022 · 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
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$59K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 9.6 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
$274K
26% of total assets
Looks good: liabilities are 26% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$468K
+51% vs prior year
Spent
$506K
To programs
89%
Net assets
$780K
By yearFY2020–FY2024
Revenue
$468K
FY2022▲ +51%
Revenue by fiscal year
FY2020$525K
FY2021$311K
FY2022$468K
FY2023$813K
FY2024$931K
Expenses
$506K
FY2022▲ +5%
Expenses by fiscal year
FY2020$274K
FY2021$480K
FY2022$506K
FY2023$635K
FY2024$888K
Net assets
$780K
FY2022▼ -5%
Net assets by fiscal year
FY2020$988K
FY2021$819K
FY2022$780K
FY2023$958K
FY2024$1.0M

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 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

89 cents of each dollar spent went to programs.

Program services 89% · $450K Management & general 8% · $42K Fundraising 3% · $14K

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

10 people listed on the 990; $59K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$59,202Pt VII · Sec A
Interim President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$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.

Provided by the organization

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3 program services account for $446K of program spending, described in the organization's own filed words · FY2022.
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.

$221Kprogram 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.

$152Kprogram 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.

$73Kprogram expense

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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 FY2022 990, line by line.

1The main four
Money inPt VIII
$468K
Ln 12
Gifts and grantsLn 1h$459K
Investment incomeLn 3$9K
Money outPt IX
$506K
Ln 25
Programscol B$450K
Managementcol C$42K
Fundraisingcol D$14K
Owns and owesPt X
$780K
net assets · Ln 32
Cash and savingsLn 1–2$405K
Total assetsLn 16$1.1M
LiabilitiesLn 26$274K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$459K
Government grantsLn 1e$238K
Investment incomeLn 3$9K
Total revenueLn 12$468K
Assets in detailPt X, end of year
CashLn 1$405K
Cash and savings togetherLn 1–2$405K
Land, buildings, equipmentLn 10c$269K
Other assetsLn 15$222K
Total assetsLn 16$1.1M
LiabilitiesLn 26$274K
Net assetsLn 32$780K
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 FY22End FY22
Cash and savingsLn 1–2$227K$405K
Land, buildings, equipmentLn 10c$154K$269K
Total assetsLn 16$942K$1.1M
LiabilitiesLn 26$124K$274K
Net assetsLn 32$819K$780K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$60K$24K$27K$8K
Other salaries and wagesLn 7$179K$179K$0$0
Other employee benefitsLn 9$6K$5K$692$173
Payroll taxesLn 10$21K$17K$2K$615
Legal feesLn 11b$63$53$8$2
Accounting feesLn 11c$14K$12K$2K$427
Other fees for servicesLn 11g$13K$11K$2K$389
Advertising and promotionLn 12$5K$2K$347$3K
Office expensesLn 13$3K$3K$384$96
Information technologyLn 14$2K$1K$190$294
OccupancyLn 16$22K$19K$3K$656
TravelLn 17$5K$5K$305$76
Conferences, conventions and meetingsLn 19$4K$4K$221$55
InterestLn 20$11K$11K$0$0
Depreciation, depletion and amortizationLn 22$5K$5K$0$0
InsuranceLn 23$17K$14K$2K$490
Other expenses (24a–d)Ln 24$132K$130K$1K$179
All other expensesLn 24e$8K$7K$858$168
Total functional expensesLn 25$506K$450K$42K$14K

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 Viewing $468K$506K−$38K$780K 990 PDF
FY2021 $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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $468,133 across 5 lines filed
VIII-1e Government grants$238,334
VIII-1f All other contributions, gifts and grants$220,515
VIII-1h Total contributions, gifts and grants$458,849
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $8$9,284
VIII-12 Total revenueRelated to mission $9,276 · Unrelated business $0 · Excluded from tax $8$468,133
Part IX · Statement of functional expenses $506,327 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $24,490 · Management $27,476 · Fundraising $7,765$59,731
IX-7 Other salaries and wagesPrograms $179,071 · Management $0 · Fundraising $0$179,071
IX-9 Other employee benefitsPrograms $4,899 · Management $692 · Fundraising $173$5,764
IX-10 Payroll taxesPrograms $17,435 · Management $2,461 · Fundraising $615$20,511
IX-11b Legal feesPrograms $53 · Management $8 · Fundraising $2$63
IX-11c Accounting feesPrograms $12,096 · Management $1,707 · Fundraising $427$14,230
IX-11g Other fees for servicesPrograms $11,012 · Management $1,555 · Fundraising $389$12,956
IX-12 Advertising and promotionPrograms $2,450 · Management $347 · Fundraising $2,651$5,448
IX-13 Office expensesPrograms $2,722 · Management $384 · Fundraising $96$3,202
IX-14 Information technologyPrograms $1,344 · Management $190 · Fundraising $294$1,828
IX-16 OccupancyPrograms $18,597 · Management $2,626 · Fundraising $656$21,879
IX-17 TravelPrograms $5,081 · Management $305 · Fundraising $76$5,462
IX-19 Conferences, conventions and meetingsPrograms $3,670 · Management $221 · Fundraising $55$3,946
IX-20 InterestPrograms $10,924 · Management $0 · Fundraising $0$10,924
IX-22 Depreciation, depletion and amortizationPrograms $4,800 · Management $0 · Fundraising $0$4,800
IX-23 InsurancePrograms $14,133 · Management $1,960 · Fundraising $490$16,583
IX-24 Other expenses (24a–d)Programs $130,405 · Management $1,090 · Fundraising $179$131,674
IX-24e All other expensesPrograms $7,229 · Management $858 · Fundraising $168$8,255
IX-25 Total functional expensesPrograms $450,411 · Management $41,880 · Fundraising $14,036$506,327
Part X · Balance sheet $1,054,159 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $226,916$404,865
X-3 Pledges and grants receivableStart of year $355,136$154,152
X-9 Prepaid expenses and deferred chargesStart of year $8,063$4,260
X-10c Land, buildings and equipment, netStart of year $154,346$268,984
X-15 Other assetsStart of year $197,829$221,898
X-16 Total assetsStart of year $942,290$1,054,159
X-17 Accounts payable and accrued expensesStart of year $14,960$34,389
X-25 Other liabilities$64,896
X-26 Total liabilitiesStart of year $123,701$273,764
X-27 Net assets without donor restrictionsStart of year $594,780$755,395
X-28 Net assets with donor restrictionsStart of year $223,809$25,000
X-32 Total net assets or fund balancesStart of year $818,589$780,395
X-33 Total liabilities and net assetsStart of year $942,290$1,054,159
Part XI · Reconciliation of net assets $780,395 net assets at year end
XI-1 Total revenue$468,133
XI-2 Total expenses$506,327
XI-3 Revenue less expenses−$38,194
XI-4 Net assets at start of year$818,589
XI-10 Net assets at end of year$780,395

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

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