Skip to content
Nonprofiteer
← AVENUE OF THE ARTS PRESBYTERIAN-PSC APARTMENTS INC

Form 990 for tax year 2024

Filed by AVENUE OF THE ARTS PRESBYTERIAN-PSC APARTMENTS INC.

Totals

Total revenue
$1,102,243
Total expenses
$1,268,784
Contributions and grants received
$657,510
Grants paid
$0
Program service revenue
$426,398
Investment income
$21
Other revenue
$18,314
Total assets, end of year
$4,190,963
Total liabilities, end of year
$8,527,377
Net assets or fund balances, end of year
-$4,336,414
Program services expenses (Part IX)
$1,195,903
Management and general expenses
$72,881
Fundraising expenses
$0
Program service expenses (Part III)
$1,195,903

Program services were 94.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $657,510

  • 2a · Program service revenue: RENTAL INCOME

    total $426,398 · related or exempt $426,398

  • 3 · Investment income

    total $21 · excluded $21

  • 11a · Other revenue: OTHER REVENUE-MISC.

    total $16,841 · excluded $16,841

  • 11b · Other revenue: LAUNDRY & VENDING

    total $1,157 · excluded $1,157

  • 11c · Other revenue: KEY/LOCKS CHANGES

    total $266 · excluded $266

  • 11d · All other revenue

    total $50 · excluded $50

  • 11e · Other revenue, total

    $18,314

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $207,923 · program services $207,923

  • 8 · Pension plan contributions

    total $8,967 · program services $8,967

  • 9 · Other employee benefits

    total $37,987 · program services $37,987

  • 10 · Payroll taxes

    total $17,779 · program services $17,779

  • 11a · Fees: management

    total $61,211 · management and general $61,211

  • 11b · Fees: legal

    total $975 · management and general $975

  • 11c · Fees: accounting

    total $10,695 · management and general $10,695

  • 13 · Office expenses

    total $71,823 · program services $71,823

  • 16 · Occupancy

    total $502,825 · program services $502,825

  • 17 · Travel

    total $742 · program services $742

  • 19 · Conferences, conventions and meetings

    total $1,949 · program services $1,949

  • 22 · Depreciation, depletion and amortization

    total $249,152 · program services $249,152

  • 24a · Other expenses: SOCIAL SERVICES

    total $83,671 · program services $83,671

  • 24b · Other expenses: MANAGER UNIT

    total $11,628 · program services $11,628

  • 24c · Other expenses: SERVICE COORDINATOR EXP

    total $1,451 · program services $1,451

  • 24d · Other expenses: BAD DEBTS

    total $6 · program services $6

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $42,762 · end of year $30,635

  • 4 · Accounts receivable

    beginning of year $7,530 · end of year $161,631

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,469 · end of year $8,872

  • 10a · Land, buildings and equipment: cost or other basis

    $8,905,640

  • 10b · Land, buildings and equipment: accumulated depreciation

    $5,077,911

  • 10c · Land, buildings and equipment, net

    beginning of year $4,020,144 · end of year $3,827,729

  • 15 · Other assets

    beginning of year $209,720 · end of year $162,096

  • 17 · Accounts payable and accrued expenses

    beginning of year $190,866 · end of year $258,234

  • 19 · Deferred revenue

    beginning of year $228 · end of year $932

  • 21 · Escrow or custodial account liability

    beginning of year $26,302 · end of year $27,109

  • 23 · Secured mortgages and notes payable

    beginning of year $7,997,772 · end of year $7,997,772

  • 25 · Other liabilities

    beginning of year $243,330 · end of year $243,330

  • 27 · Net assets without donor restrictions

    beginning of year -$4,169,873 · end of year -$4,336,414

Mission and programs · 2024

Mission

AT HUMANGOOD WE BELIEVE EVERYONE SHOULD HAVE THE OPPORTUNITY TO LIVE WITH ENTHUSIASM, CONFIDENCE, AND SECURITY, REGARDLESS OF PHYSICAL, SOCIAL, OR ECONOMIC CIRCUMSTRANCES. AND WHEN WE SAY EVERYONE, WE MEAN EVERYONE - INCLUDING YOU.

Activities or mission (Part I)

ORGANIZATION OWNS AND OPERATES AN 85 UNIT AFFORDABLE HOUSING COMMUNITY IN PHILADELPHIA, PA.

  • THE ORGANIZATION ENGAGES IN THE OPERATION, MAINTENANCE, AND SUPPORT OF AN 85 UNIT AFFORDABLE HOUSING APARTMENT BUILDING FOR THE ELDERLY AND PHYSICALLY DISABLED, OFFERING SUPPORT SERVICES AND RECREATIONAL ACTIVITIES TO FACILITATE INCREASED SOCIALIZATION AND ENRICHMENT FOR ALL RESIDENTS IN A POSITIVE AND WELCOMING ENVIRONMENT. 84 OF THE 85 UNITS ARE AVAILABLE TO RESIDENTS.

    Expenses $1,195,903 · Revenue $426,398

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mary Ellen Bolden

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Alan Griffith

    BOARD CHAIR

    Total calculated
    $63,000
    From this org
    $0
    From related orgs
    $63,000
    Other
    $0
    Hours/week
    0.1 + 13.3 related

  • Harry Skip Dittmann

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 2.2 related

  • Randall L Stamper

    BOARD MEMBER

    Total calculated
    $73,000
    From this org
    $0
    From related orgs
    $73,000
    Other
    $0
    Hours/week
    0.2 + 17.7 related

  • Rev Randy Barger

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 2.1 related

  • Mr William G Young Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 3.2 related

  • Mr John C Ungar

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Judee Bavaria

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Rev Nancy Muth

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 2.1 related

  • John H Cochrane III

    PRESIDENT AND CEO

    Total calculated
    $1,566,593
    From this org
    $0
    From related orgs
    $1,273,854
    Other
    $292,739
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $721,088 related
    Bonus
    $0 + $518,700 related
    Other
    $0 + $34,066 related
    Deferred
    $0 + $263,800 related
    Nontaxable benefits
    $0 + $28,939 related
    Filer's total
    $0 + $1,566,593 related

  • Daniel Ogus

    CHIEF OPERATING OFFICER

    Total calculated
    $1,147,903
    From this org
    $0
    From related orgs
    $963,841
    Other
    $184,062
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $563,190 related
    Bonus
    $0 + $371,280 related
    Other
    $0 + $29,371 related
    Deferred
    $0 + $163,800 related
    Nontaxable benefits
    $0 + $20,262 related
    Filer's total
    $0 + $1,147,903 related

  • Andrew McDonald

    CHIEF FINANCIAL OFFICER/TR

    Total calculated
    $758,654
    From this org
    $0
    From related orgs
    $674,064
    Other
    $84,590
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $441,536 related
    Bonus
    $0 + $226,590 related
    Other
    $0 + $5,938 related
    Deferred
    $0 + $55,177 related
    Nontaxable benefits
    $0 + $29,413 related
    Filer's total
    $0 + $758,654 related

  • Bethany Ghassemi

    CHIEF LEGAL OFFICER/ASSIST

    Total calculated
    $659,066
    From this org
    $0
    From related orgs
    $587,562
    Other
    $71,504
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $374,729 related
    Bonus
    $0 + $193,830 related
    Other
    $0 + $19,003 related
    Deferred
    $0 + $64,384 related
    Nontaxable benefits
    $0 + $7,120 related
    Filer's total
    $0 + $659,066 related

  • Shacasey Rogers

    VP HUMAN RESOURCES

    Total calculated
    $449,895
    From this org
    $0
    From related orgs
    $420,835
    Other
    $29,060
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $282,353 related
    Bonus
    $0 + $136,080 related
    Other
    $0 + $2,402 related
    Deferred
    $0 + $15,742 related
    Nontaxable benefits
    $0 + $13,318 related
    Filer's total
    $0 + $449,895 related

  • Nick Lindberg

    CHIEF INFORMATION OFFICER

    Total calculated
    $417,053
    From this org
    $0
    From related orgs
    $413,070
    Other
    $3,983
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $286,828 related
    Bonus
    $0 + $116,424 related
    Other
    $0 + $9,818 related
    Deferred
    $0 + $892 related
    Nontaxable benefits
    $0 + $3,091 related
    Filer's total
    $0 + $417,053 related

  • Jennifer Kappen

    SVP - AFFORDABLE HOUSING

    Total calculated
    $451,118
    From this org
    $0
    From related orgs
    $402,820
    Other
    $48,298
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    $0 + $290,412 related
    Bonus
    $0 + $110,405 related
    Other
    $0 + $2,003 related
    Deferred
    $0 + $14,188 related
    Nontaxable benefits
    $0 + $34,110 related
    Filer's total
    $0 + $451,118 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
COMPENSATION OF THE CEO IS DETERMINED BY HUMANGOOD USING THE FOLLOWING METHODS: COMPENSATION COMMITTEE, COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY/STUDY AND APPROVAL BY THE BOARD/COMPENSATION COMMITTEE.
PART I, LINE 4B
SELECT KEY EXECUTIVES ARE ALLOWED TO PARTICIPATE IN AN IRC 457(F) PLAN, WHEREBY (SUBJECT TO PLANAMENDMENT) THE PLAN WILL FUND REGULAR CONTRIBUTIONS AND EARN A RETURN EQUAL TO THE CONSUMERPRICE INDEX RATE PLUS 2.5 PERCENT WITH A CAP OF 6.0 PERCENT. IN ACCORDANCE WITH IRS REQUIREMENTS, WHILE THERE IS ARISK OF FORFEITURE, THE CURRENT YEAR'S UNVESTED CONTRIBUTION TO THE 457F PLAN IS REPORTED IN PART II, COLUMN C.
PART I, LINE 7
INCENTIVE COMPENSATION: EXECUTIVE DIRECTORS, REGIONAL MANAGERS AND SENIOR MANAGEMENT ARE ELIGIBLE FOR INCENTIVE COMPENSATION. IN THE CALENDAR YEAR PRECEDING THE INCENTIVE COMPENSATION PAYMENT, GOALS ARE SET FOR EACH INDIVIDUAL THAT ALIGN WITH THE STRATEGIC AND OPERATIONAL OBJECTIVES OF THE ORGANIZATION. THE GOALS OF THE BOARD. BEFORE ANY PAYMENT IS MADE, THE INCENTIVE COMPENSATION POOL MUST BE OPERATIONAL PERFORMANCE AND NET TURNOVER ENTRANCE FEES, SUBJECT TO A CAP. APPLIED TO THE POTENTIAL PAYMENT FOR EACH TEAM MEMBER'S ATTAINED GOALS. THE CEO AND EXECUTIVE TEAM ARE REVIEWED BY THE COMPENSATION COMMITTEE AND FUNDED BY EXCEEDING BUDGETED NET CASH PRODUCTION ARISING FROM THE SUM OF IF THE INCENTIVE POOL IS PARTIALLY FUNDED, THE PARTIAL PERCENTAGE IS ATTAINMENT OF THE GOALS OF THE CEO AND EXECUTIVE TEAM ARE REVIEWED BY THE COMPENSATION COMMITTEE AND BOARD PRIOR TO PAYMENT. FOR OTHER TEAM MEMBERS, THE ATTAINMENT OF EACH INCENTIVE GOAL IS ASSESSED BY THE INCENTIVE-ELIGIBLE TEAM MEMBER'S SUPERVISOR AND ULTIMATELY REVIEWED BY THE CEO PRIOR TO PAYMENT.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • BENSALEM SENIOR APARTMENTS LP

    LOW INCOME HOUSING FOR SENIOR CITIZENS AND HANDICAPPED · PA

  • CANTRELL PLACE LP

    LOW INCOME HOUSING FOR SENIOR CITIZENS AND HANDICAPPED · PA

  • MAKEMIE COURT LP

    LOW INCOME HOUSING FOR SENIOR CITIZENS AND HANDICAPPED · PA

  • PRESBY'S INSPIRED LIFE APARTMENTS LLC

    LOW INCOME HOUSING FOR SENIOR CITIZENS AND HANDICAPPED · PA

  • RIVERSIDE SENIOR APARTMENTS LP

    LOW INCOME HOUSING FOR SENIOR CITIZENS AND HANDICAPPED · PA

  • WITHERSPOON SENIOR APARTMENTS LP

    LOW INCOME HOUSING FOR SENIOR CITIZENS AND HANDICAPPED · PA

  • WYNNEFIELD PLACE LP

    LOW INCOME HOUSING FOR SENIOR CITIZENS AND HANDICAPPED · PA

  • WYNNEFIELD SENIOR HOUSING LLC

    LOW INCOME HOUSING FOR SENIOR CITIZENS AND HANDICAPPED · PA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CANTRELL HOUSING INC

    C · LOW INCOME HOUSING FOR SENIOR CITIZENS AND HANDICAPPED · PA

  • HUMANGOOD PROPERTIES

    C · PROPERTY HOLDING COMPANY · CA

  • JANNEY HOUSING LLC

    C · AFFORDABLE HOUSING · PA

  • MAKEMIE HOUSING INC

    C · LOW INCOME HOUSING FOR SENIOR CITIZENS AND HANDICAPPED · PA

  • PRESBY HOMES DEVELOPMENT CORP

    C · LOW INCOME HOUSING FOR SENIOR CITIZENS AND HANDICAPPED · PA

  • PRESBY RIVERSIDE HOUSING INC

    C · LOW INCOME HOUSING FOR SENIOR CITIZENS AND HANDICAPPED · PA

  • PRESBYHOUSING INC

    C · LOW INCOME HOUSING FOR SENIOR CITIZENS AND HANDICAPPED · PA

  • WITHERSPOON HOUSING INC

    C · LOW INCOME HOUSING FOR SENIOR CITIZENS AND HANDICAPPED · PA

  • WYNNEFIELD HOUSING CORPORATION

    LOW INCOME HOUSING FOR SENIOR CITIZENS AND HANDICAPPED · PA

Provenance

Return type
form_990
Tax year
2024
Filed
7 November 2025
IRS schema version
2024v5.2
Source object
202543189349309039

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.