Form
990
Under section 501 (c), 527, or 4947( a)(1) of the Internal Revenue Code (except black lung benefit trust or private foundation ) ^ The organization may have to use a copy of this return to satisfy state reporting requirements
Department of the Treasury
Internal Revenue Service
A For the 2006 calendar year, or tax year beginning B
Check of applicable
Please use IRS label or
Address
C
t.n
6-+
Ljchange
print or
Ljcage
`see
Lreturn
Specific
^ retur
InstrucLions
ln
Amended =return
Eip "Cation
OMB No
Return of Organization Exempt From Income Tax
JUL
1
200 6
and ending
JUN
3Q
C Name of organization GONT Z AVENUE REVITALIZATION CORP Number and street (or P.O. box if mail is not delivered to street address)
22-2483318 Room/suite E Telephone number
215-972-6882
, state or country, and ZIP + 4
PHILADELPHIA
Cash ®Accrual
F Accounting method Other
19138
PA
2006 Open to Public Inspection
2007 D Employer identification number
1536 E. HAINES STREET City or town
1545-0047
0 5 ea
^
• Section 501( c)(3) organizations and 4947( a)(1) nonexempt charitable trusts must attach a completed Schedule A (Form 990 or 990 -EZ).
H and I are not applicable to section 527 organizations H(a) Is this a group return for affiliates E::] Yes ® No H(b) If "Yes, enter number of affiliates' N/A Q G Website: N A 501(c)( 3 )4 (insert no) 4947(a)(1)or ED 527 H(c) Are all affiliatesIncluded2 C) J Organization type (check only one) N/A =Yes =No be (If "No; attach a list.) K Check here ^ 0 if the organization is not a 509(a)(3) supporting organization and its gross H(d) Is this a separate return filed by an organization covered by a group ruling9 =Yes receipts are normally not more than $25,000. A return is not required, but if the organization No chooses to file a return, be sure to file a complete return W v, I Grou p Exem p tion Number ^ N/A M Check ^ ® if the organization is not required to attach Q 1
Sch. B (Form 990, 990-EZ, or 990-PF). L Gross receipts: Add lines 6b, 8b, 9b, and 10b to line 12 ^ 6 , 634 , 146. Part I Revenue . Expenses . and Chances in Net Assets or Fund Balances Contributions , gifts, grants , and similar amounts received: a Contributions to donor advised funds b Direct public support ( not included on line 1a ) c Indirect public support ( not included on line 1a ) d Government contributions ( grants ) ( not included on line 1a ) e Total ( add lines la through 1d) (cash $ 5 , 245 1 232 . noncas h $ Program service revenue including government fees and contracts ( from Part VI I, line 2 Membership dues and assessments 3 Interest on savings and temporary cash investments 4 Dividends and interest from securities 5 6 a Gross rents b Less: rental expenses 1
CID 0 0
w z z U U)
c 7 8 a
°C
Net rental income or ( loss). Subtract line 6b from line 6a Other investment income ( describe ^ Gross amount from sales of assets other
9
ran
CL W
W Z,
792 , 137.
ld
4 452 , 754. )
93)
I
n^
g han fu dralsln
p
( A ) Securities
LHA
1 , 026 , 030. 120 ,
569.
( B ) Other
of contributions reported on line lb)
170 , 000 . 201 , 135 .
-31 , 135 . STMT 1
8d
-31 , 135.
9a
9b come or oss) from spec nts. Subtract line 9b from line 9a 10 os saWlf ofiin jntjr@,Q8s r 6 and allowances 10a 00 «L ss. cost of goods sold cc 10b r t-pr ssf-ro tm t,s s i entory ( attach schedule ). Subtract line 10b from line 10a Oth^ rt^bll, line 1 0 ) 11 12 _Tro a -revenue dd lines le 2 3 4 5 6c 7 8d 9c 10c and 11 Program services ( from line 44, column (B)) 13 Management and general ( from line 44, column (C)) 14 Fundraising ( from line 44 , column (D)) 15 Payments to affiliates ( attach schedule) 16 Total exp enses. Add lines 16 and 44 , column ( A ) 17 Excess or ( deficit) for the year. Subtract line 17 from line 12 18 Net assets or fund balances at beginning of year ( from line 73, column (A)) 19 Other changes in net assets or fund balances ( attach explanation ) 20 SEE STATEMENT Net assets or fund balances at end of year Combine lines 18 , 19, and 20 21
oili -o7
5 , 245 , 232.
2 3 4
6a 6b
8a
$
le
5
Less: cost or other basis and sales expenses 8b Gain or ( loss) (attach schedule ) 8c Net gain or (loss ). Combine line 8c, columns ( A) and (B ) Special events and activities ( attach schedule ). If any amount is from gaming , check here ^ 0 Les
V1
341.
1c
6c 7
than inventory b c d
la lb
ex enses
For Privacy Act and Paperwork Reduction Act Notice , see the separate instructions .
9c
10c 11 12
13
3 253 147 .
14 15 16 17
1
18 19
2
72 , 315.
6 433 011 . 415 . 071 .
721 633 . 1 711 378 . 4
765
881 .
- 270 000 .
20 21
32 1 147
2
207 259 . Form 990 (2006)
Form 990 (2006) OGONTZ AVENUE REVITALIZATION CORP 22-2483318 Part II Statement of All organizations must complete column (A) Columns (B), (C), and (D) are required for section 501(c)(3) Functional Expenses and (4) organizations and section 4947(a)(1) nonexempt charitable trusts but optional for others Do not include amounts reported on line 6b, 8b, 9b, 1Ob, or 16 of Part I
(B) Program services
(A) Total
(C) Management and general
Pa g e 2
(D) Fundraising
22a Grants paid from donor advised funds (attach schedule) (cash $
0 . noncash $
0. 1
If this amount includes foreign grants , check here ^ E1
2a
22b Other grants and allocations (attach schedule (cash $
0 . noncash $
If this amount includes foreign grants , check here
0 ^ 0
23 Specific assistance to individuals (attach schedule) 24 Benefits paid to or for members (attach schedule) 25a Compensation of current officers, directors, key employees, etc. listed in Part V-A
22b
23 24
25a
151 , 637.
94 , 918.
42 , 519.
0 •
0 •
0 •
857 , 061.
536 , 477.
240 , 315.
80 , 269.
234 664. 72 , 782.
108 379. 49 , 139.
81 , 932. 16 , 927.
44 , 353. 6 , 716.
89 , 962. 40 , 343.
7 , 070. 1 , 106.
81 , 359. 39 , 237.
1 , 533.
35 Postage and shipping
33 34 35
36 Occupancy
36
37 Equipment rental and maintenance
37
380 476. 5 664.
29
301.
38 Printing and publications
38
653.
9
761.
39 Travel
39
40 Conferences, conventions, and meetings
40
41 Interest
41
42 Depreciation, depletion, etc. (attach schedule) 43 Other expenses not covered above (itemize) a b c d e f
42
385 359. 34 965. 10 , 414. 19 , 574. 15 , 988. 68 , 830. 10 , 734.
b Compensation of former officers, directors, key employees, etc. listed in Part V-B 25b c Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) 26 Salaries and wages of employees not included on lines 25a, b, and c 27 Pension plan contributions not included on lines 25a, b, and c
14 , 200. 0
5c
26 27
28 Employee benefits not included on lines 25a-27
29
Payroll taxes
30 Professional fundraising fees 31 Accounting fees 32 Legal fees 33 Supplies
Telephone
34
g
SEE STATEMENT 3
28 29 30 31 32
16 354. 13 , 322.
13 , 335. 10 , 734.
4 , 883. 3 , 220. 666. 55 , 495. 2
43a 43b 43c 43d 43e 43f
L3g
2 , 015 , 520. .
713 , 800.
44 Total functional expenses . Add lines 22a through 43g. (Organizations completing columns (B)-(D), carry these totals to lines 13-15)
44 147 , 071. 4 , 721 , 633. 3 , 253 , 147. 1 , 321 , 415. Joint Costs . Check ^ LJ if you are following SOP 98.2. Are any joint costs from a combined educational campaign and fundraising solicitation reported in (B) Program services? ^ 0 Yes ® No If "Yes," enter ( i) the aggregate amount of these joint costs $ N/A (ii) the amount allocated to Program services $ N/A ( iii) the amount allocated to Management and general $ 623011 01-23-07
N/A
and ( iv) the amount allocated to Fundraising $
N/A
Form 990 (2006)
Form 990 (2006) OGONTZ AVENUE REVITALIZATION CORP Part III Statement of Program Service Accomplishments (See the instructions)
22-2483318
Page3
Form 990 is available for public inspection and, for some people, serves as the primary or sole source of information about a particular organization How the public perceives an organization in such cases may be determined by the information presented on its return. Therefore, please make sure the return is complete and accurate and fully descnb`es, in Part III, the organization's programs and accomplishments What is the organization's primary exempt purpose9 ^ REVITALIZATION OF WEST OAK LANE
Program Service Expenses (Required for 501(c)(3) and (4) orgs , and 4947(a)(1) trusts, but optional for others.)
NEIGHBORHOOD
All organizations must describe their exempt purpose achievements in a clear and concise manner. State the number of clients served, publications issued, etc Discuss achievements that are not measurable (Section 501(c)(3) and (4) organizations and 4947(a)(1) nonexempt charitable trusts must also enter the amount of grants and allocations to others)
a COMMUNITY DEVELOPMENT PROGRAMS , SCHOOL ,
REAL ESTATE DEVELOPMENT
MANAGEMENT OF CHARTER IN TARGET AREA ,
PROPERTY
MANAGEMENT IN TARGET AREAS
( Grants and allocations
$
If this amount includes foreig n g rants , check here
^
El
(Grants and allocations
$
If this amount includes forei g n g rants , check here
^
Q
Grants and allocations
$
If this amount includes forei g n g rants , check here
^
Grants and allocations $ If this amount includes forei g n g rants , check here e Other program services (attach schedule) Grants and allocations $ If this amount includes forei g n rants check here f Total of Program Service Expenses (should equal line 44, column (B), Program services)
^
3 , 253 , 147.
b
C
d
623021 01-18-07
Q
^ ^
3,253,147. Form 990 (2006)
Form 990 (2006 OGONT Z AVENUE REVITALIZATION CORP Part IV Balance Sheets (See the instructions) Note : Where required, attached schedules and amounts within the description column should be for end-of-year amounts only
(A) Begi nning of year
47a
b Less allowance for doubtful accounts
47b
48 a Pledges receivable b Less allowance for doubtful accounts
48a 48b
1 , 251 , 927.
376 , 565. 47c
Other notes and loans receivable
51a
b Less: allowance for doubtful accounts Inventories for sale or use Prepaid expenses and deferred charges 53 54 a Investments - publicly-traded securities b Investments - other securities
51b
48c
50b 75 , 000. 1
^ ^
b
Cost Cost
251.
4
Investments - other
SEE STATEMENT 5 57a 580 , 958. 57b 6 140 , 213.
55b
2 389 , 982. 0.
423 , 170. 57c
440 , 745.
58
60 , 100.
60 61
4 570 , 619. 59 207 , 652. 60
6 641 , 437. 597 , 490.
62
Deferred revenue
2 648 , 087. 62
)
67
Unrestricted
68 69
Temporarily restricted Permanently restricted
330 , 100.
61
Loans from officers, directors, trustees, and key employees 63 64 a Tax-exempt bond liabilities b Mortgages and other notes payable Other liabilities (describe ^ 65
1 832 , 958.
63 64a
948 , 999. 64b )
2 , 003 , 730.
65
3 , 804 , 738. 66
4 , 434 , 178.
765 , 881. 67
2 1 207 , 259.
and complete lines
Organizations that do not follow SFAS 117, check here ^
LL.
Z
,
22 , 500. 56
284 , 339. 55c
Less accumulated depreciation STMT
Total liabilities . Add lines 60 throu g h 65 66 Organizations that follow SFAS 117, check here ^ 67 through 69 and lines 73 and 74
0 N a
10
53 54a 54b
2 , 389 , 982.
55a
(describe ^ OTHER INVESTMENTS
M
809.
51c 52
Total assets must eq ual line 74 Add lines 45 throu g h 58 Accounts payable and accrued expenses Grants payable
59
n
,
FMV FMV
57 a Land, buildings, and equipment. basis b Less- accumulated depreciation STMT 58 Other assets, including program-related investments
T
51 , 358.
50a
52
55 a Investments - land, buildings, and equipment basis
1 , 251 , 927.
99 , 180. 49
Grants receivable 50 a Receivables from current and former officers, directors, trustees, and key employees b Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3 (B) 49
56
2 , 437 , 074.
46
47 a Accounts receivable
51 a
(B) End of year
2 9 5 7 9 5 6. 45
Cash - non-interest-bearing Savings and temporary cash investments
45 46
Page 4
22-2483318
68 69 and
complete lines 70 through 74
70 71 72 73 74
Capital stock, trust principal, or current funds Paid-in or capital surplus, or land, building, and equipment fund Retained earnings, endowment, accumulated income, or other funds Total net assets or fund balances . Add lines 67 through 69 or lines 70 through 72. (Column (A) must equal line 19 and column ( B) must equal line 21) Total liabilities and net assets/fund balances . Add lines 66 and 73
70 71 72
765 , 881.
4 , 570 , 619.
73 74
, 207 , 259. 6 , 641 , 437. 2
Form 990 (2006)
623031 01-20-07
Form 990(2006 OGONTZ AVENUE REVITALIZATION CORP 22-2483318 Part IV-A Reconciliation of Revenue per Audited Financial Statements With Revenue per Return (See the instructions) a b 1 2 3 4 c d 1 2 e
Page5
Total revenue, gains, and other support per audited financial statements Amounts included on line a but not on Part 6, line 12 Net unrealized gains on investments Donated services and use of facilities Recoveries of prior year grants Other (specify) Add lines b1 through b4 Subtract line b from line a Amounts included on Part I, line 12, but not on line a: Investment expenses not included on Part I, line 6b Other (specify) Add lines d1l and d2 Total revenue (Part I, line 12) Add lines c and d
Part IV- B
^ 1 e 1
a
Total expenses and losses per audited financial statements
b
Amounts included on line a but not on Part I, line 17
a
1 Donated services and use of facilities 2 Prior year adjustments reported on Part I, line 20 3 Losses reported on Part I, line 20 4 Other (specify) Add lines bi through b4 Subtract line b from line a c d Amounts included on Part I, line 17, but not on line a: 1 Investment expenses not included on Part I, line 6b
4 , 721 ,
633.
till b2 b3 b4 b
0.
c
4 , 721 , 633.
d
0.
d1 d2
2 Other (specify) Add lines dl and d2
Part V-A
6 , 433 , 011 .
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
Current Officers, Directors , Trustees , and Key Employees (List each person who was an officer, director, trustee, or kev emolovee at any time durlno the year even if they were not compensated ) (See the Instructions ) (A) Name and address
(B) Title and average hours per week devoted to p osition
(C) Compensation If not %aaid id , enter ( -()-
(D) Contributions to employee benefit 8 deferred compensation plans
(E) Expense account and other allowances
18 , 956.
0.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
SEE STATEMENT 7 -----------------------------------------------------------------
132 681.
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Form 990 (2006) 623041 01-18-07
Form 990 (2006) OGONTZ AVENUE REVITALIZATION CORP Part V-A Current Officers, Directors , Trustees, and Key Employees (continued)
22-2483318
Page 6 Yes No
75 a Enter the total number of officers, directors, and trustees permitted to vote on organization business at board
meetings
^
13
b Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships? If "Yes," attach a statement that identifies the individuals and explains the relationship(s)
75b
X
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization? See the instructions for the definition of "related organization "
75c
X
If "Yes," attach a statement that includes the information described in the instructions Does the org anization have a written conflict of interest polic y ?
75d
X
c
d
Part V- B
Former Officers, Directors , Trustees , and Kev EmDlovees That Received Compensation or Ot her Benefits (if any former officer, director, trustee, or key employee received compensation or other benefits (described below) during the year, list that person below and enter the amount of compensation or other benefits in the appropriate column See the Instructions ) (C) Compensation ( D) Contributions to (E) Expense employee benefit ( B) Loans and Advances (A) Name and address (if not paid, account and Plans 8 deferred enter -0- ) NONE oom ensation laps other allowances
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Part VI 76 77 78 a b 79 80 a b 81 a b
Other Information (See the instructions)
Did the organization make a change in its activities or methods of conducting activities? If "Yes," attach a detailed statement of each change Were any changes made in the organizing or governing documents but not reported to the IRS? If "Yes," attach a conformed copy of the changes Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return? If "Yes," has it filed a tax return on Form 990 - T for this year ? N/A Was there a liquidation , dissolution , termination , or substantial contraction during the year? If "Yes," attach a statement Is the organization related (other than by association with a statewide or nationwide organization ) through common membership , governing bodies, trustees , officers, etc , to any other exempt or nonexempt organization? If "Yes," enter the name of the organization . SEE STATEMENT 8 and check whether it is fl exempt or = nonexempt Enter direct or indirect political expenditures (See line 81 Instructions) 81a 0. Did the org anization file Form 1120-POL for this year?
623161/01-18-07
Yes No 76 77
X X
78a 78b 79
X
80a
X
X
X 1b Form 990 (2006)
Form 990 2006
Part VI 82 a b
83 a b 84 a b 85 b
OGONTZ AVENUE REVITALIZATION CORP
Yes No
Did the organization receive donated services or the use of materials, equipment, or facilities at no charge or at substantially less than fair rental value'] If "Yes," you may indicate the value of these items here Do not include this amount as revenue in Part I or as an expense in Part II (See instructions in Part III) 82b N/A Did the organization comply with the public inspection requirements for returns and exemption applications' Did the organization comply with the disclosure requirements relating to quid pro quo contributions? N/A Did the organization solicit any contributions or gifts that were not tax deductible? If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible? N/A 501(c)(4), (5), or (6) organizations a Were substantially all dues nondeductible by members? N/A Did the organization make only in-house lobbying expenditures of $2,000 or less' N/A If "Yes" was answered to either 85a or 85b, do not complete 85c through 85h below unless the organization received a waiver for proxy tax owed for the prior year Dues, assessments, and similar amounts from members 85c N/A
c d Section 162(e) lobbying and political expenditures 85d N/A e Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices 85e N/A f Taxable amount of lobbying and political expenditures (line 85d less 85e) 85f N/A g Does the organization elect to pay the section 6033(e) tax on the amount on line 85f' N/A h If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount on line 85f to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year? N/A 501(c)(7) organizations Enter a Initiation fees and capital contributions included on 86 line 12 86a N/A b Gross receipts, included on line 12, for public use of club facilities 86b N/A 501(c)(12) organizations Enter. a Gross income from members or shareholders 87 87a N/A b Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them) 87b N/A 88 a At any time during the year, did the organization own a 50% or greater interest in a taxable corporation or partnership, or an entity disregarded as separate from the organization under Regulations sections 301 7701-2 and 301 7701-3? If "Yes," complete Part IX b At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)? If "Yes," complete Part XI 89 a 501(c)(3) organizations Enter Amount of tax imposed on the organization during the year under section 491100 . ; section 4912 ^ 0 . ; section 4955 ^ b 501(c)(3) and 501(c)(4) organizations Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year? c d e f g
90 a b 91 a The books are in care of ^ MANAGEMENT
HAINES STREET,
82a
X
83a 83b 84a
X X
84b 85a 85b
85
85h
^
88a
X
88b
X
0.
If "Yes," attach a statement explaining each transaction Enter: Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958 ^ 0. Enter Amount of tax on line 89c, above, reimbursed by the organization ^ 0. All organizations At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? All organizations Did the organization acquire a direct or indirect interest in any applicable insurance contract? For supporting organizations and sponsoring organizations maintaining donor advised funds. Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year? List the states with which a copy of this return is filed Number of employees employed in the pay period that includes March 12, 2006 90b
Located at ^ 1536 E.
Page 7
22-2483318
Other Information (continued)
89b
X
89e 89f
X
89
X 20
Telephone no. ^ 215 -549-9462
PHILADELPHIA,
PA
b At any time during the calendar year, did the organization have an interest in or a signature or other authority over a financial account in a foreign country (such as a bank account, securities account, or other financial account)? If "Yes," enter the name of the foreign country ^ N/A See the instructions for exceptions and filing requirements for Form TD F 90-22.1, Report of Foreign Bank
ZIP + 4 ^ 1912 6 Yes 91b
No X
and Financial Accounts
Form 990 (2006)
623162 / 01-18-07
Form 990 2006 OGONTZ AVENUE REV ITALI ZATI ON CORP Other Information (continued) Part VI c
22-2483318
At any time during the calendar year, did the organization maintain an office outside of the United States? If "Yes," enter the name of the foreign country ^
91c
and enter the amount of tax - exem p t interest received or accrued durin g the tax y ear
Part Vii
X
N/A
Section 4947(a)(1) nonexempt charitable trusts filing Form 990 in lieu of Form 1041 - Check here
92
Page 8 Yes No
^ El 0, 1 92
N/A
Analysis of Income- Producing Activities (See the instructions) Unrelat ed business income
Note : Enter g ross amounts unless otherwise Indic ated
(A) Business
(B) Amount
code
93 P rogram service revenue a FEE AND RENTAL INCOME b c d e f Medicare/Medicaid payments 9 F ees and contracts from government agencies 94 Membership dues and assessments 95 1 nterest on savings and temporary cash investments 96 D ividends and interest from securities 97 N et rental income or (loss) from real estate
Exclu ded by sect i on 512, 513, or 514
E(^) _ s,on
(D) Amount
(E)
Related or exempt function income
code
1 , 026 , 030.
14
120 , 569.
a d ebt-financed property b n ot debt-financed property 98 N et rental income or (loss) from personal property 99 O ther investment income 100 G ain or (loss) from sales of assets o ther than inventory 101 N et income or (loss) from special events 102 G ross profit or (loss) from sales of inventory 103 O ther revenue a b c
OTHER
-31 , 135.
01
REVENUE
d e 104 S ubtotal (add columns (B) , (D), and (E)) P__4 105 Total (add line 104, columns (B), (D), and (E)) Note: Line 105 plus line le , Part I, should equal the amount on line 12, Part I
Part VI II Line No . V
93A 93A 93A
0.
72 , 315.
192 , 884. 1 ^
Relationship of Activities to the Accomplishment of Exempt Purposes (See the instructions) Explain how each activity for which income is reported in column ( E) of Part VII contributed importantly to the accomplishment of the organization's exempt purposes ( other than by providing funds for such purposes).
CHARGES TO RELATED CORPORATIONS FOR MANAGEMENT FEES , ACCOUNTING SERV. PROPERTY MANAGEMENT SERVICES , REIMBURSEMENT FOR PAYROLL EXPENSES INCURRED ON BEHALF OF THE ORGANIZATIONS.
Part IX I Information Regarcftnq Taxable Subsidiaries and Disregarded Entities (See the instructions) Name, address, and EIN of corporation, partnership, or disregarded entity
Part X
e of
I
Natu
Information Regarding Transfers Associated
(a) Did the organization , during the year , receive any funds, directly or indirectly, (b) Did the organization , during the year , pay premiums, directly or indirectly, on Note : If "Yes" to (b), file Form 8870 and Form 4720 (see instructions)
623163 01-18-07
994 , 895. 1,187,77
Form 990 (2006 OGONTZ AVENUE REVITALIZATION CORP 22-2483318 Information Regarding Transfers To and From Controlled Entities . Complete only if the organization is a Part XI controlling organization as defined in section 512(b)(13)
Page 9
Yes No Did the reporting organization make any transfers to a controlled entity as defined in section 512(b)(13) of the Codes If "Yes,"
106
com p lete the schedule below for each controlled entity
X
(A) Name, address , of each controlled entity
a
(B) Employer Identification Number
(C) Description of transfer
(D) Amount of transfer
-------------------------------------------------------------------------------------------------
b
c
- ---------------------------------------------------------------- --------------------------------
Totals
Yes No Did the reporting organization receive any transfers from a controlled entity as defined in section 512(b)(13) of the Code'? If "Yes," X com p lete the schedule below for each controlled entity . (B) (C) (D) (A) Employer Description of Amount of Name, address , of each Identification transfer transfer controlled entity Number
107
GONTZ_PLAZA ASSOCIATES -------_____ a 6801 N.-16TH-STREET ------------------------23-2717315 SEE PHILADELPHIA PA 19126
STATEMENT
10
36 , 000.
GONTZ HALL INVESTORS GENERAL PARTNE R b 1536 E._HAINES STREET ______________
11-3680712
53 , 451.
ZAG,INC-------------------------c 1536 E.-HAINES STREET______________ 23-2728280 PHILADELPHIA PA 19126
36 , 236.
PHILADELPHIA
PA
19126
125,687.
Totals
Yes No 108
Did the organization have a binding written contra annuities de Ibed in queqLao-QZ a Under penalh
f perfu
and complete
arati
, I declare that 1 h
examined
i ret
effect on Aug st 17, 2006, covering the interest, rents, royalties, and X cluding acc armati
of preparer ( othe tha
anying schedules and statements , and to the best of my knowledge and belief , it is true correct, o which preparer has any knowledge
S i /3!O ca
Please Sign Here
re of offlc '
Paid Pr ep arer ' s Use Only nly
Date
Type or print na
Preparer's signature ^/ ,
title Date
S
self-employed), address , and
ZIP+4
I ? ^^ Q
^^ ^--
yFirm's our s name (o
BLUE BELL
,
Preparer 's SSN or PTIN (See Gen Inst X)
employed ^
EIN ^
ALLEN LLP
' 18 SNTRY PARK WEST,
Check If
SUITE 300
PA 19422-2240
Phoneno. ^ 215-643-3900 Form 990 (2006)
623164/01-26-07
SCHEDULE A (Form 990 or 990-EZ) Department of the Treasury Internal Revenue Service
Name of the organization
Part I
Organization Exempt Under Section 501 (c)(3)
OMB No 1545-0047
(Except Private Foundation) and Section 501(e), 501(f), 501(k), 501(n), or 4947(a)(1) Nonexempt Charitable Trust Supplementary Information-(See separate instructions.) ^ MUST be completed by the above organizations and attached to their Form 990 or 990-EZ Employer identification number
2006
Z Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (See page 2 of the instructions. List each one. If there are none, enter 'None.*) ( b) Title and average hours per week devoted to
aid ( a ) Name and address of each employee paid () more than $50,000
position
105
(d) Contributions to employee benefit
plans & deferred compensation
000.
0.
65 , 721.
14 , 953.
62 , 416.
18 , 675.
65 , 232.
14 , 273.
54 , 808.
6 , 831.
(e) Expense account and other allowances
-
CFO NORMAN BARNUM 35.00 1536 E. HAINES ST. , PHILADELPHIA , PA )IRECTOR DEBORAH CROSS 35.00 1536 E. HAINES ST. , PHILADELPHIA , PA IRECTOR STEVE-KUZMICKI --------------------------------35.00 1536 E. HAINES ST. , PHILADELPHIA , PA LISHA-SUREN------------------------ D IRECTOR 35.00 E. HAINES ST. , PHILADELPHIA , PA CONTROLLER ARLENE-E.-WOODS -------------------------------35.00 PHILADELPHIA , PA 1536 E. HAINES ST.
c Com p ensation ( )
Total number of other employees paid over $50,000
Part II-A
^
8
Compensation of the Five Highest Paid Independent Contractors for Professional Services (See page 2 of the instructions. List each one (whether individuals or firms). If there are none, enter "None.") ( b) Type of service
(a) Name and address of each independent contractor paid more than $50,000
OCTOBER GALLERY________________________ 7175A OGONTZ AVENUE , PHILADELPHIA , PA 19138 LIFELINE MUSIC_COALITION1_INC._________________ P.O. BOX 4277 , PHILADELPHIA , PA 19144
CONSULTANT
CONSULTANT
( c) Compensation
152
789.
83 , 919.
---------------------------------------------------------------------------------------------------------------------------------Total number of others receiving over $50,000 for professional services
Part II-B
^
0
Compensation of the Five Highest Paid Independent Contractors for Other Services (List each contractor who performed services other than professional services, whether individuals or firms. If there are none, enter "None." See page 2 of the instructions.) (b) Type of service
(a) Name and address of each independent contractor paid more than $50,000
A_MK_O_N CONTRACTOR PA 19138 PHILADELPHIA 1627 N. INC^---------------------------------2ND STREET MG-CEMENT CONTRACTOR S_________________________ 19115 CONTRACTOR 5619 N. ROSEHILL STREET , PHILADELPHIA , PA AWBURY LANDSCAPE_SERVICES,_INC._ --------------ANDSCAPOR ONE AWBURY ROAD , PHILADELPHIA , PA 19138 K_J.K ASSOCIATES __ ___________________________ 19144 3006 FOXX LANE , PHILADELPHIA , PA
ANDSCAPOR UNIVERSE SIGNS ----- --------- -----------------------------CONTRACTOR 18974 388 NINA WAY , WARMINSTER , PA Total number of other contractors receiving over $50,000 for other services
623101/01-18-07
^
(c) Compensation
257
997.
133
344.
114
830.
105 957. 103
390.
7
LHA For Paperwork Reduction Act Notice, see the Instructions for Form 990 and Form 990-EZ.
Schedule A (Form 990 or 990-EZ) 2006
Schedule A (Form 990 or 9 90-EZ) 2006 Part III
a b
22-2483318
REV I TALIZATION C
Statements About Activities (See page 2 of the instructions.)
Yes I No
During the year, has the organization attempted to influence national, state, or local legislation, including any attempt to influence public opinion on a legislative matter or referendurs'? If 'Yes,' enter the total expenses paid or incurred in connection with the (Must equal amounts on line 38, Part VI-A, or lobbying activities ^ $ $ line i of Part VI-B.) Organizations that made an election under section 501(h) by filing Form 5768 must complete Part VI-A. Other organizations checking "Yes" must complete Part VI-B AND attach a statement giving a detailed description of the lobbying activities. During the year, has the organization, either directly or indirectly, engaged in any of the following acts with any substantial contributors, trustees, directors, officers, creators, key employees, or members of their families, or with any taxable organization with which any such person is affiliated as an officer, director, trustee, majority owner, or principal beneficiary (If the answer to any question is "Yes, " attach a detailed statement explaining the transactions) Sale, exchange, or leasing of property Lending of money or other extension of credit? Furnishing of goods, services, or facilities? Payment of compensation (or payment or reimbursement of expenses if more than $1,000)
c d e Transfer of any part of its income or assets? 3 a Did the organization make grants for scholarships, fellowships, student loans, etc? (If "Yes," attach an explanation of how the organization determines that recipients qualify to receive payments.) b Dd the organization have a section 403(b) annuity plan for its employees? c Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures? If "Yes," attach a detailed statement d Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services'? 4 a Did the organization maintain any donor advised funds? If "Yes," complete lines 4b through 4g. If "No," complete lines 4f
and 4g Did the organization make any taxable distributions under section 4966'? Did the organization make a distribution to a donor, donor advisor, or related person Enter the total number of donor advised funds owned at the end of the tax year Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year Enter the total number of separate funds or accounts owned at the end of the year (excluding donor advised funds included on line 4d) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts g Enter the aggregate value of assets in all funds or accounts included on line 4f at the end of the tax year
b c d e f
Paget
2b 2c 2d 2e
X X X X
3a 3b
X X
3c 3d
X X
4a
X
4b 4c
N/A N/A 00.
N/A
10.
N/A
^ ^
0. 0.
Schedule A (Form 990 or 990-EZ) 2006
623111 01-18-07
Schedule A (Form 990 or 990-EZ) 2006 OGONTZ AVENUE REVITALIZATION CORP Part IV
22-2483318
Page 3
Reason for Non - Private Foundation Status (See pages 4 through 7 of the instructions.)
I certify that the organization is not a private foundation because it is : ( Please check only ONE applicable box 5 0 A church, convention of churches , or association of churches . Section 170 (b)(1)(A)(i). 6 0 A school . Section 170(b)(1)(A)( u). (Also complete Part V.) 7 0 A hospital or a cooperative hospital service organization . Section 170 ( b)(1)(A)(w). A federal, state, or local government or governmental unit. Section 170 (b)(1)(A)(v). 8 A medical research organization operated in conjunction with a hospital . Section 170 ( b)(1)(A)(iii). Enter the hospital's name, city, 9 10 11a 11b 12
®
13
=
and state ^ An organization operated for the benefit of a college or university owned or operated by a governmental unit. Section 170(b)(1)(A)(iv). (Also complete the Support Schedule in Part IV-A.) An organization that normally receives a substantial part of its support from a governmental unit or from the general public. Section 170(b)(1)(A)(vi). (Also complete the Support Schedule in Part IV-A.) A community trust. Section 170 (b)(1)(A)(vi). ( Also complete the Support Schedule in Part IV-A An organization that normally receives ( 1) more than 33 1/3% of its support from contributions, membership fees, and gross receipts from activities related to its charitable , etc., functions - subject to certain exceptions , and (2 ) no more than 33 1/3% of its support from gross investment income and unrelated business taxable income ( less section 511 tax) from businesses acquired by the organization after June 30 , 1975. See section 509(a )( 2). (Also complete the Support Schedule in Part IV-A.) An organization that is not controlled by any disqualified persons ( other than foundation managers ) and otherwise meets the requirements of section 509(a )( 3). Check the box that describes the type of supporting organization: Type III-Other 0 Type I 0 Type II = Type III- Functionally Integrated Provide the following information about the supported organizations . (See page 7 of the instructions.) (a) Name(s) of supported organization(s)
(b) Employer identification number (EIN)
(c) Type of organization (described in lines 5 through 12 above or IRC section)
(d) Is the supported organization listed in the supporting organization's governing documents? Yes
14
L
(e) Amount of support
No
An organization organized and operated to test for public safety . Section 509(a )( 4). (See page 7 of the instructions.) Schedule A (Form 990 or 990-EZ) 2006
623121 01-18-07
Schedule A (Form 990 or 990-EZ) 2006 OGONTZ AVENUE REVITALIZATION CORP 22-2483318 Part IV-A Support Schedule (Complete only if you checked a box on line 10, 11, or 12) Use cash method of accounting.
Page 4
Note- You may use the worksheet in the instructions for converting from the accrual to the rash method of accnuntino
Calendar year ( or fiscal year beginning in ) ^ Gifts, grants , and contributions 15 received. ( Do not include unusual
grants. See line 28.
( b) 2004
( a ) 2005
( c) 2003
2,788,921.
6 1 92 9 493.
777 , 641.
49 8 , 358.
50 , 221.
685.
(e) Total
( d) 2002
1 , 014 , 024.
924 597.
11 657 041.
345 , 904.
1 , 621 , 903.
1 , 333.
53 , 263.
Membership fees received
16 17
Gross receipts from admissions, merchandise sold or services performed , or furnishing of facilities in any activity that is related to the organization's
charitable, etc., purpose Gross income from interest, dividends, amounts received from payments on securities loans (section 512 ( a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975 Net income from unrelated business activities not included in line 18 Tax revenues levied for the organization ' s benefit and either paid to it or expended on its behalf
18
19 20
1 , 024.
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge
21
22
Other income. Attach a schedule
23 24
Do not include gain or ( loss) from sale of capital assets Total of lines 15 through 22 Line 23 minus line 17 Enter s% ofline 23
25 26 b
SEE
51 3 , 668 2 , 890 36
, , , ,
380. 169. 528. 682.
19 7 1 447 6 , 949 74
, , , ,
361. 897. 539. 479.
STATEME NT
10 1 025 1 , 025 10
, 542. 590. , 590. 256.
11
1 271 834. 925 930. 12 , 718.
Organizations described on lines 10 or 11: a Enter 2% of amount in column ( e), line 24 Prepare a list for your records to show the name of and amount contributed by each person ( other than a governmental unit or publicly supported organization ) whose total gifts for 2002 through 2005 exceeded the amount shown in line 26a.
Do not file this list with your return . Enter the total of all these excess amounts Total support for section 509 ( a)(1) test: Enter line 24 , column ( e) 18 d Add: Amounts from column ( e) for lines: 22 e Public support ( line 26c minus line 26d total )
c
81 , 283. 13 413 490. 11 791 587.
^ 26a
N/A
^ 26b ^ 26c
_N / A N/A
19
_N / A ^ 26e N/A f Public su pp ort p ercenta g e ( line 26e ( numerator ) divided b y line 26c ( denominator )) % ^ 26f N/A 27 Organizations described on line 12 : a For amounts included in lines 15, 16, and 17 that were received from a "disqualified person," prepare a list for your records to show the name of, and total amounts received in each year from, each "disqualified person." Do not file this list with your return . Enter the sum of such amounts for each year (2005) 0 . (2004) 0 . (2003) 0 . (2002) 0. b For any amount included in line 17 that was received from each person (other than "disqualified persons"), prepare a list for your records to show the name of, and amount received for each year, that was more than the larger of (1) the amount on line 25 for the year or (2) $5,000 (Include in the list organizations described in lines 5 through 11b, as well as individuals.) Do not file this list with your return . After computing the difference between the amount received and the larger amount described in (1) or (2), enter the sum of these differences (the excess amounts) for each year: (2005) 0. 0 . (2004) 0 . (2003) 0 . (2002) 16 15 11,657,041. c Add: Amounts from column (e) for lines: 17
1, 621, 903.
26b
^ 26d
21
20
27c 1 13. 278 , 944.
and line 27b total d Add Line 27a total 0. ^ 0. e Public support ( line 27c total minus line 27d total) ^ 127e 1 13,278,944. f Total support for section 509(a )( 2) test: Enter amount on line 23, column (e) ^ 1 27f 13,413, 490. g Public support percentage (line 27e ( numerator ) divided by line 27f ( denominator )) ^ 27 98.9969% h Investment income percentage ( line 18 , column ( e) (numerator ) divided by line 27f ( denominator )) ^ 27h .3971% 28 Unusual Grants: For an organization described in line 10, 11, or 12 that received any unusual grants during 2002 through 2005, prepare a list for your records to show, for each year, the name of the contributor, the date and amount of the grant, and a brief description of the nature of the grant. Do not file this list with your return . Do not include these grants in line 15. 523131 01-18-07
NONE
Schedule A (Form 990 or 990-EZ) 2006
Schedule A (Form 990 or 990-EZ) 2006 OGONTZ AVENUE REVITALIZATION CORP Private School Questionnaire (See page 9 of the instructions.) Part V
22-2483318 N/A
Page 5
(To be completed ONLY by schools that checked the box on line 6 in Part IV) Does the organization have a racial) nondiscriminatory policy toward students by statement in its charter, bylaws, other governing instrument, or in a resolution of its governing body? Does the organization include a statement of its racially nondiscriminatory policy toward students in all its brochures, catalogues, and other written communications with the public dealing with student admissions, programs, and scholarships? Has the organization publicized its racially nondiscriminatory policy through newspaper or broadcast media during the period of solicitation for students, or during the registration period if it has no solicitation program, in a way that makes the policy known
29 30 31
to all parts of the general community it serves? If 'Yes," please describe; if "No; please explain. (If you need more space, attach a separate statement.)
32 a b c
29 30
31
Does the organization maintain the following* Records indicating the racial composition of the student body, faculty, and administrative staff? Records documenting that scholarships and other financial assistance are awarded on a racially nondiscriminatory basis? Copies of all catalogues, brochures, announcements, and other written communications to the public dealing with student
admissions, programs, and scholarships? d Copies of all material used by the organization or on its behalf to solicit contributions? If you answered "No" to any of the above, please explain. (If you need more space, attach a separate statement.)
33 a b c d e f g h
34 a b 35
Does the organization discriminate by race in any way with respect to: Students' rights or privileges? Admissions policies? Employment of faculty or administrative staff? Scholarships or other financial assistance? Educational policies? Use of facilities? Athletic programs? Other extracurricular activities? If you answered "Yes" to any of the above, please explain. (If you need more space, attach a separate statement.)
Does the organization receive any financial aid or assistance from a governmental agency? Has the organization's right to such aid ever been revoked or suspended? If you answered "Yes" to either 34a or b, please explain using an attached statement. Does the organization certify that it has complied with the applicable requirements of sections 4.01 through 4.05 of Rev. Proc 75-50, 1975-2 C.B. 587, covering racial nondiscrimination? If "No," attach an explanation Schedule A (Form 990 or 990-EZ) 2006
623141 01-18-07
Schedule A (Form 990 or 990-EZ ) 2006 OGONTZ AVENUE REVITALIZATION CORP Part VI -A Lobbying Expenditures by Electing Public Charities ( See page 10 of the instructions.)
Page 6 22 -2483318 N/A
(To be completed ONLY by an eligible organization that filed Form 5768) Check ^ a 0 if the or g anization belon g s to an affiliated g rou p .
Check ^ b 0 if you checked "a " and "limited control " p rovisions a pp ly.
Limits on Lobbying Expenditures
Affiliated ) group totals
(The term "expenditures' means amounts paid or incurred.)
To be completed for all electing organizations
N/A 36 37 38 39 40 41
Total lobbying expenditures to influence public opinion (grassroots lobbying) Total lobbying expenditures to influence a legislative body (direct lobbying) Total lobbying expenditures (add lines 36 and 37) Other exempt purpose expenditures Total exempt purpose expenditures (add lines 38 and 39) Lobbying nontaxable amount. Enter the amount from the following table If the amount on line 40 is -
The lobbying nontaxable amount is -
Not over $500,000
20% of the amount on line 40
Over $500,000 but not over $1,000,000
$100,000 plus 15% of the excess over $500,000
Over $1,000,000 but not over $1,500,000
$175,000 plus 10% of the excess over $1,000,000
Over $1,500,000 but not over $17,000,000
$225,000 plus 5% of the excess over $1,500,000
Over $17,000,000
$1,000,000
36 37 38 39 40
41
42 Grassroots nontaxable amount (enter 25% of line 41) 43 Subtract line 42 from line 36. Enter -0- if line 42 is more than line 36 44 Subtract line 41 from line 38. Enter -0- if line 41 is more than line 38
42 43 44
Caution : If there is an amount on either line 43 or line 44, you must file Form 4720
4-Year Averaging Period Under Section 501(h) (Some organizations that made a section 501(h) election do not have to complete all of the five columns below. See the instructions for lines 45 through 50 on page 13 of the instructions.) Lobbying Expenditures During 4 -Year Averaging Period Calendar year ( or fiscal year beginning in)
^
(a) 2006
(b) 2005
(c) 2004
N/A
(d) 2003
(e) Total
45 Lobbying nontaxable
amount
0.
46 Lobbying ceiling amount ( 150% of line 45 ( e )) 47 Total lobbying
0.
exp enditures
0.
48 Grassroots nontaxable
amount
0.
49 Grassroots ceiling amount ( 150% of line 48 ( e ))
0.
50 Grassroots lobbying
ex p enditures Part Vl- B Lobbying Activity by Nonelecting Public Charities
0.
(For reporting only by organizations that did not complete Part VI-A) (See page 13 of the instructions.) During the year, did the organization attempt to influence national, state or local legislation, including any attempt to influence public opinion on a legislative matter or referendum, through the use of. a Volunteers b Paid staff or management (Include compensation in expenses reported on lines c through h.) c Media advertisements d Mailings to members, legislators, or the public e Publications, or published or broadcast statements I Grants to other organizations for lobbying purposes g Direct contact with legislators, their staffs, government officials, or a legislative body h Rallies, demonstrations, seminars, conventions, speeches, lectures, or any other means i Total lobbying expenditures (Add lines c through h.) If "Yes" to any of the above, also attach a statement giving a detailed description of the lobbying activities. 01-1e07
Yes
No
Amount
X X X X X X X X 0. Schedule A (Form 990 or 990 -EZ) 2006
Schedule A (Form 990 or 990-EZ) 2006 OGONTZ AVENUE REVITALIZATION CORP 22-2483318 Part VII Information Regarding Transfers To and Transactions and Relationships With Noncharitable 51
Exempt Organizations ( See oaoe 13 of the instructions.) Did the reporting organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3).orgamzations) or in section 527, relating to political organizations? a Transfers from the reporting organization to a nonchantable exempt organization of: (i) Cash (ii) Other assets b Other transactions: (i) Sales or exchanges of assets with a noncharitable exempt organization (ii) Purchases of assets from a noncharitable exempt organization (iii) Rental of facilities, equipment, or other assets
Yes
(iv) Reimbursement arrangements (v) Loans or loan guarantees (vi) Performance of services or membership or fundraising solicitations c Sharing of facilities, equipment, mailing lists, other assets, or paid employees d If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value of the goods, other assets, or services given by the reporting organization. If the organization received less than fair market value in any
52 a
Page 7
No
51a(i) a(ii)
X X
b(i) b(ii) b(iii)
X X X
b(iv) b(v) b(vi) c
X X X X
Is the organization directly or indirectly affiliated with, or related to, one or more tax-exempt organizations described in section 501 ( c) of the
Code ( other than section 501(c)(3 )) or in section 5279 b If "Yes, complete the following schedule: (b) Type of organization
(a) Name of organization
ROWAN DEVELOPMENT ,
INVESTMENT HOLDING INVESTMENT
INC.
MAIN DEVELOPMENT GROUP ,
1
INC.
0 No
(c) Description of relationship
SEE STATEMENT 12
H OLDING
HAINES EASTBURN STENTON
INVESTMENT
CORPORATION
H OLDING
523152 01-18- 07
® Yes
Schedule A (Form 990 or 990 -EZ) 2006
OGONTZ AVENUE REVITALIZATION CORP
FORM 990
GAIN
(LOSS)
22-2483318
FROM SALE OF OTHER ASSETS
DATE DESCRIPTION
A rnTTTU T.'n
SALE OF 7148 OGONTZ AVENUE
VARIOUS
GROSS COST OR SALES PRICE OTHER BASIS
NATSE OF BUYER
RO1ERT E. LASSWELL FM 990, PART I, LN 8
T'OORM 990
STATEMENT
DATE enr.r-1
METHOD Ae'nT7TV'Pll
10/26/06 EXPENSE OF SALE
PURCHASED NET GAIN OR (LOSS)
DEPREC
170,000.
200,157.
978.
0.
-31,135.
170,000.
200,157.
978.
0.
-31,135.
OTHER CHANGES IN NET ASSETS OR FUND BALANCES
STATEMENT
2
AMOUNT
D :-'- :SCR I PT I ON CHANGE IN BEGINNING NET ASSETS FOR OGONTZ HALL AND ZAG DEVELOPMENT TOTAL TO FORM 990,
PART
I,
LINE
-270,000. -270,000.
20
STATEMENT
OTHER EXPENSES
FFV.M 990
(A) DESCRIPTION
TOTAL
ADVERTISING FYNK CHARGES CG;'>TRI BUT IONS AND OUTREACH CONSULTANTS AND PROFESSIONAL FEES DUES AND SUBSCRIPTIONS FESTIVAL EXPENSES IN =URANCE M%.TNTENANCE F'7:' iJECT EXPENSES
-OTHER OTHER EXPENSES L''-D DEBT EXPENSE TOTAL TO FM 990,
1
LN 43
(B) PROGRAM SERVICES
(C) MANAGEMENT AND GENERAL
362,244. 10,511.
345,366. 2,371.
16,878. 8,140.
286,994.
4,869.
282,125.
528,815.
342,807.
186,008.
7,844. 460,387. 4,049. 318,872. 490,362. 1,054. 99,226. 158,962.
780. 340,348. 299. 292,101. 430,905.
7,064. 120,039. 3,750. 26,771. 59,457. 1,054. 2,514.
2,729,320.
2,015,520.
96,712. 158,962.
3
(D) FUNDRAISING
713,800.
.=mot STATEMENT(S)
1,
2,
3
22-2483318
OGONTZ AVENUE REVITALIZATION CORP
FPM 990
DEPRECIATION OF ASSETS HELD FOR
INVESTMENT
COST OR
OTHER BASIS
D! SCRIPTION E UTLDINGS
'T'r'TTAL TO FORM 990,
PART IV,
LN 55
DEPRECIATION
0.
2,389,982.
2, 389, 982.
0.
2,389,982.
STATEMENT
VALUATION METHOD
S-'V•-.URITY DEPOSITS FOR HOUSING PROPERTIES
COST
BO}M 990
PART
IV,
LINE
56,
COST OR OTHER BASIS
BUILDING EQUIPMENT COMPUTER SOFTWARE FURNITURE & FIXTURES LA D TK'A,AL TO FORM 990,
PART IV,
LN 57
5
AMOUNT 0.
COLUMN B
DEPRECIATION OF ASSETS NOT HELD FOR
DESCRIPTION
BOOK VALUE
2,389,982.
DE`--CRIPTION
-_^.,_TAL TO FORM 990,
4
ACCUMULATED
OTHER INVESTMENTS
FORM 990
.
STATEMENT
0.
INVESTMENT
ACCUMULATED DEPRECIATION
STATEMENT
6
BOOK VALUE
300,000. 139,384. 5,628. 53,036. 82,910.
0. 105,001. 3,856. 31,356. 0.
300,000. 34,383. 1,772. 21,680. 82,910.
580,958.
140,213.
440,745.
STATEMENT(S)
4,
5,
6
22-2483318
OGONTZ AVENUE REVITALIZATION CORP
PART V-A - LIST OF CURRENT OFFICERS, DIRECTORS, TRUSTEES AND KEY EMPLOYEES
FORM 990
NAME AND ADDRESS
TITLE AND AVRG HRS/WK
STATEMENT
7
EMPLOYEE BEN PLAN EXPENSE CONTRIB ACCOUNT
COMPENSATION
Sr,"ARMAIN MATLOCK-TURNER :Y$36 E. HAINES STREET "H^7LADEPHIA, PA 19126
PRESIDENT 1.00
0.
0.
0.
V.\LL ADAMS '536 E. HAINES STREET PHILADEPHIA, PA 19126
BOARD MEMBER 1.00
0.
0.
0.
3-'T;,NIS ALLEN
FINANCE COMMITTEE
0.
0.
0.
0.
0.
0.
0.
0.
0.
0.
0.
0.
0.
0.
0.
1.00
0.
0.
0.
LINDA WATERS-RICHARDSON 15:)6 E. HAINES STREET PH:.LADEPHIA, PA 19126
BOARD MEMBER 1.00
0.
0.
0.
51"''MAN WOODEN `J6 E. HAINES STREET i.TLADEPHIA, PA 19126
VICE PRESIDENT 1.00
0.
0.
0.
r'r-RACE
BOARD MEMBER
0.
0.
0.
1.596 E. HAINES STREET PHILADEPHIA, PA 19126
BOARD MEMBER
PHYLLIS BENSON
1536 E. HAINES STREET PHILADEPHIA,
HAINES STREET
P O':LADEPHIA,
1.00
PA 19126
BP_r,BARA CALLANDS
156 E.
1.00
FINANCE COMMITTEE
1.00
PA 19126
._:F,LENE CALLANDS-CURRY
1x:36 E. HAINES STREET P,TILADEPHIA, PA 19126
BOARD MEMBER
1.00
Y- HERINE CLUPPER 1516 E. HAINES STREET P 'LADEPHIA, PA 19126
TREASURER 1.00
BARBARA SUPER
BOARD MEMBER
1536
E.
HAINES
PHILADEPHIA,
STREET
PA 19126
SMITH
1536 E. HAINES STREET PI'' `LADEPHIA, PA 19126
1.00
STATEMENT(S)
7
22-2483318
OGONTZ AVENUE REVITALIZATION CORP MJ^;AHID NYAHUMN
FINANCE COMMITTEE
1 -:1."'16 E . HAINES STREET PHILADEPHIA , PA 19126
1.00
0.
0.
0.
0.
0.
0.
EXECUTIVE DIRECTOR 35.00 132,681.
18,956.
0.
18,956.
0.
EXECUTIVE
DUDLEY SYKES
1536 E. HAINES STREET PHILADEPHIA , PA 19126 JACK KITCHEN 15;6 E. HAINES STREET P-"."ILADEPHIA, PA 19126
'^.-'ALS INCLUDED ON FORM 990,
FORM 990
COMMITTEE
1.00
PART V-A
132,681.
IDENTIFICATION OF RELATED ORGANIZATIONS PART VI, LINE 80B
NAME OF ORGANIZATION WEST OAK LANE CHARTER SCHOOL ROWAN DEVELOPMENT INC. HAINES EASTBURN STENTON CORPORATION MA-,N DEVELOPMENT GROUP, INC. E?;,'^REPRENEURIAL BUSINESS ASSISTANCE CORPORATION Z°-', INC. C. 6NTZ HALL GENERAL PARTNER, INC. C ))NTZ PLAZA ASSOCIATES
STATEMENT
EXEMPT
8
NONEXEMPT
X X X X X X X X
STATEMENT(S)
7,
8
Y
j
-
J5
22-2483318
V()GONTZ AVENUE REVITALIZATION CORP
PART IX - INFORMATION REGARDING TAXABLE SUBSIDIARIES AND DISREGARDED ENTITIES
FORM 990
NAME OF CORPORATION, OGONTZ
STATEMENT
9
PARTNERSHIP OR DISREGARDED ENTITY
PLAZA ASSOCIATES
ADDRESS 6F'1 N.
16TH STREET ,
`-- LOYER
PERCENT
'•`r`?"'NUMBER
OWNED
i1-2717315
51.00 %
NlIXE OF CORPORATION , ZAG
PHILADELPHIA,
PA
19126
NATURE OF ACTIVITIES
TOTAL INCOME
END-OF-YEAR ASSETS
-51,604.
SHOPPING PLAZA
1,648,038.
PARTNERSHIP OR DISREGARDED ENTITY
INC
ADDRESS
1536 E.
HAINES STREET,
Er,!=LOYER
PHILADELPHIA,
PA
19126
PERCENT
I?^,,. NUMBER -2728280
OWNED
NATURE OF ACTIVITIES REAL ESTATE MANAGEMENT
1.00%
PT."U4E OF CORPORATION,
PARTNERSHIP
TOTAL INCOME
END-OF-YEAR ASSETS
-956.
15,577.
OR DISREGARDED ENTITY
O fNTZ HALL GP INC Afn'RESS 1536 E.
HAINES STREET,
EMPLOYER ID NUMBER
1.'.i`-3680712
PERCENT OWNED 1.00%
PHILADELPHIA,
PA
19126
NATURE OF ACTIVITIES REAL ESTATE MANAGEMENT
END-OF-YEAR ASSETS
TOTAL INCOME
-1,501.
18,590.
STATEMENT(S)
9
22-2483318
-OGONTZ AVENUE REVITALIZATION CORP
F•i
M 990
STATEMENT
DESCRIPTION OF TRANSFER PART XI, LINE 107
NAIIE OF CONTROLLED ENTITY
EMPLOYER ID
r';''-NTZ PLAZA ASSOCIATES
23-2717315
10
DESCRIPTION OF TRANSFER PROPERTY MANAGEMENT FEES PAID TO OGONTZ AVENUE REVITALIZATION CORPORATION
N?
EMPLOYER ID
E OF CONTROLLED ENTITY 7NTZ HALL INVESTORS GENERAL PARTNER,
11-3680712
INC.
DESCRIPTION OF TRANSFER SALARIES AND PROPERTY MANAGEMENT FEES PAID TO OGONTZ AVENUE REVITALIZATION C )RPORATION
NAME OF CONTROLLED ENTITY
EMPLOYER ID
ZAG,
23-2728280
INC.
DESCRIPTION OF TRANSFER
S'•:^fARIES AND PROPERTY MANAGEMENT FEES PAID TO OGONTZ AVENUE REVITALIZATION C ^PPORATION
SCHEDULE A t. L
DL-;CRIPTION OTHER
INCOME
TOTAL TO SCHEDULE A,
STATEMENT
OTHER INCOME
LINE 22
2005
2004
2003
2002
AMOUNT
AMOUNT
AMOUNT
AMOUNT
11
51,380.
19,361.
10,542.
0.
51,380.
19,361.
10,542.
0.
STATEMENT (S)
10,
11
22-2483318
OGONTZ AVENUE REVITALIZATION CORP
SCHEDULE A
AFFILIATION WITH TAX-EXEMPT ORGANIZATIONS PART VII, LINE 52, COLUMN (C)
STATEMENT
12
NAME OF AFFILIATED OR RELATED ORGANIZATION ''WAN DEVELOPMENT,
INC.
DESCRIPTION OF RELATIONSHIP WITH AFFILIATED OR RELATED ORGANIZATION ASSOCIATED WITH THE OGONTZ AVENUE REVITALIZATION CORPORATION THROUGH COMMON ?"1'KBERSHIP .
NAME OF AFFILIATED OR RELATED ORGANIZATION MAIN DEVELOPMENT GROUP,
INC.
Tlv"=SCRIPTION OF RELATIONSHIP WITH AFFILIATED OR RELATED ORGANIZATION A^`COCIATED WITH THE OGONTZ AVENUE REVITALIZATION CORPORATION THROUGH COMMON M MBERSHIP.
NAME OF AFFILIATED OR RELATED ORGANIZATION HAINES
EASTBURN STENTON CORPORATION
DESCRIPTION OF RELATIONSHIP WITH AFFILIATED OR RELATED ORGANIZATION A"7'7-OCIATED WITH THE OGONTZ AVENUE REVITALIZATION CORPORATION THROUGH COMMON MRS IBERSHIP . .. •41.
STATEMENT(S)
12
Form 8868 (Rev. 4-2007)
Page 2
• If you are filing for an Additional ( not automatic ) 3-Month Extension , complete only Part II and check this box Note . Only complete Part II if you have already been granted an automatic 3-month extension on a previously filed Form 8868 • If you are filing for an Automatic 3-Month Extension , complete only Part I (on page 1)
Part II
^
Additional (not automatic) 3-Month Extension of Time. You must file original and one copy Name of Exempt Organization
Employer identification number
Type or
print
GONTZ AVENUE REVITALIZATION CORP
File by the extended
due date for filing the
1536
E.
HAINES
For IRS use only
STREET
City, town or post office , state, and ZIP code For a foreign address, see instructions
return see instructions
22-2483318
Number , street , and room or suite no If a P 0 box, see instructions
PHILADELPHIA ,
PA
19138
Check type of return to be filed ( File a separate application for each return) Form 990-T (sec 401 (a) or 408 (a) trust) Form 990-EZ Form 990 Form 990-PF Form 990-T (trust other than above) Form 990-BL
Form 1041-A Form 4720
Form 5227 Form 6069
Form 8870
STOP! Do not complete Part II if you were not already granted an automatic 3-month extension on a previously filed Form 8868. • The books are in the care of ^ MANAGEMENT FAX No ^ Telephone No ^ 215- 549 - 9 462 ^ 0 • If the organization does not have an office or place of business in the United States, check this box If this is for the whole group, check this • If this is for a Group Return , enter the organization ' s four digit Group Exemption Number (GEN) box ^ E If it is for part of the group , check this box ^ = and attach a list with the names and EINs of all members the extension is for 4 5 6 7
I request an additional 3-month extension of time until , or other tax year beginning For calendar year If this tax year is for less than 12 months, check reason State in detail why you need the extension
ADDITIONAL TIME 8a
c
MAY 15 , 2008 JUL 1, 2006 Initial return
, and ending Final return
JUN 30, 2007 L Change in accounting period
IS NEEDED TO FILE A COMPLETE AND ACCURATE TAX RETURN.
If this application is for Form 990-BL, 990-PF, 990-T, 4720, or 6069, enter the tentative tax, less any nonrefundable credits See Instructions If this application is for Form 990-PF, 990 -T, 4720, or 6069, enter any refundable credits and estimated tax payments made Include any prior year overpayment allowed as a credit and any amount paid with Form 8868 Balance Due. Subtract line 8b from line 8a Include your payment with this form, or, if required, deposit with FTD coupon or, if required, by u sing EFTPS (Electronic Federal Tax Payment System) See Instructs
Signature and Verification Under penalties of perjury, I declare that I have examined this form, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete, and that I am authorized to prepare this form.
;Ignature ^
Title ^ CPA Notice to Applicant . (To Be Completed by the IRS)
Date ^
We have approved this application Please attach this form to the organization's return We have not approved this application However , we have granted a 10-day grace period from the later of the date shown below or the due date of the organization ' s return (including any prior extensions) This grace period is considered to be a valid extension of time for elections otherwise required to be made on a timely return Please attach this form to the organization ' s return We have not approved this application After considering the reasons stated in item 7, we cannot grant your request for an extension of time to file We are not granting a 10-day grace period We cannot consider this application because it was filed after the extended due date of the return for which an extension was requested Other By: Director
Date
Alternate Mailing Address . Enter the address if you want the copy of this application for an additional 3-month extension returned to an address different than the one entered above Name
SONALLEN LLP Type or print osof07
Number and street ( include suite , room , or apt. no.) or a P.O. box number 18 SENTRY PARK WEST, SUITE 300 City or town, province or state , and country ( including postal or ZIP code) BLUE BELL. PA 19422-2240 Form 8868 (Rev 4-2007)