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Nonprofiteer
← 199 HUNTING PARK

Form 990 for tax year 2022

Filed by 199 HUNTING PARK.

Totals

Total revenue
$8,274,933
Total expenses
$5,893,677
Contributions and grants received
$2,508,443
Grants paid
$0
Program service revenue
$5,628,106
Investment income
$136,775
Other revenue
$1,609
Total assets, end of year
$48,234,121
Total liabilities, end of year
$37,108,089
Net assets or fund balances, end of year
$11,126,032
Program services expenses (Part IX)
$5,426,978
Management and general expenses
$466,699
Fundraising expenses
$0
Program service expenses (Part III)
$5,426,978

Program services were 92.1% 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.

  • 1d · Related organizations

    $799,500

  • 1e · Government grants (contributions)

    $1,708,943

  • 1f · All other contributions, gifts and grants

    $0

  • 2a · Program service revenue: RENTAL INCOME

    total $5,628,106 · related or exempt $5,628,106

  • 3 · Investment income

    total $136,775 · excluded $136,775

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $1,609 · related or exempt $1,609

  • 11e · Other revenue, total

    $1,609

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $345,982 · program services $345,982

  • 8 · Pension plan contributions

    total $6,366 · program services $6,366

  • 9 · Other employee benefits

    total $74,161 · program services $74,161

  • 10 · Payroll taxes

    total $31,122 · program services $31,122

  • 11a · Fees: management

    total $458,977 · management and general $458,977

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $416 · program services $416

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $10,140 · program services $10,140

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $42,480 · program services $34,758 · management and general $7,722

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $726,223 · program services $726,223

  • 17 · Travel

    total $1,708 · program services $1,708

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $2,441,804 · program services $2,441,804

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $1,610,090 · program services $1,610,090

  • 23 · Insurance

    total $144,208 · program services $144,208

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,367,037 · end of year $155,072

  • 2 · Savings and temporary cash investments

    beginning of year $468,156 · end of year $471,489

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $50,004 · end of year $20,874

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,475 · end of year $25,592

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

    $53,612,244

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

    $18,754,293

  • 10c · Land, buildings and equipment, net

    beginning of year $31,226,330 · end of year $34,857,951

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $9,109,599 · end of year $12,703,143

  • 17 · Accounts payable and accrued expenses

    beginning of year $703,350 · end of year $749,690

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $32,024,798 · end of year $31,646,370

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $751,681 · end of year $4,712,029

  • 27 · Net assets without donor restrictions

    beginning of year $8,744,772 · end of year $11,126,032

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

199 HUNTING PARK CORPORATION (THE "CORPORATION") IS A NOT-FOR-PROFIT CORPORATION SERVING THE HISPANIC COMMUNITY OF NORTH PHILADELPHIA AS A COMPONENT OF BROADER COMMUNITY DEVELOPMENT WORK. THE CORPORATION OWNS A CAMPUS BORDERED BY 5TH STREET, WEST BRISTOL STREET, 3RD STREET AND WEST HUNTING PARK AVENUE. THE CAMPUS HAS TWO BUILDINGS WHICH ARE LEASED TO NUEVA ESPERANZA, INC., ESPERANZA ACADEMY CHARTER SCHOOL, EASTERN NORTH PHILADELPHIA WORKFORCE DEVELOPMENT CORPORATION AND OTHER TENANTS FOR SERVICE BUSINESSES.

Activities or mission (Part I)

The Corporation owns and operates rental real estate which is leased primarily to non profits in the community.

  • 199 HP SERVES THE HISPANIC COMMUNITY OF NORTH PHILADELPHIA AS A COMPONENT OF BROADER COMMUNITY DEVELOPMENT WORK. THE CORPORATION OWNS A 8.01 ACRE COMPLEX AT 4261 NORTH 5TH STREET THAT WAS PURCHASED IN DECEMBER 1999. AS OF JUNE 30, 2020, THE CAMPUS CONTAINED 301,678 SQUARE FEET OF RENTABLE SPACE OF WHICH 252,642 IS RENTED AND OCCUPIED. ALL TENANTS ARE NON-PROFIT CORPORATIONS AND INCLUDE: NUEVA ESPERANZA, INC., ESPERANZA ACADEMY CHARTER SCHOOL, ESPERANZA COLLEGE, ARTISTAS Y MUSICOS LATINO AMERICANOS, PHILADELPHIA WORKS, INC. AND ESPERANZA CYBER CHARTER SCHOOL. PORTIONS OF THE FACILITY ARE STILL UNDER CONSTRUCTION INCLUDING THE FIT OUT OF A THEATRE, LIBRARY, ART GALLERY, CHAPEL AND COMMUNITY MEETING SPACE.

    Expenses $5,426,978 · Revenue $5,629,715

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Rev Luis A Cortes Jr

    BOARD VICE CHAIR

    Total calculated
    $412,101
    From this org
    $0
    From related orgs
    $334,132
    Other
    $77,969
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $334,132 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $54,164 related
    Nontaxable benefits
    $0 + $23,805 related
    Filer's total
    $0 + $412,101 related

  • Rev Danny Cortes

    BOARD CHAIR

    Total calculated
    $288,123
    From this org
    $0
    From related orgs
    $237,897
    Other
    $50,226
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $237,897 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $29,144 related
    Nontaxable benefits
    $0 + $21,082 related
    Filer's total
    $0 + $288,123 related

  • Walter Toliver

    BOARD MEMBER

    Total calculated
    $210,297
    From this org
    $0
    From related orgs
    $183,327
    Other
    $26,970
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $183,327 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $26,970 related
    Filer's total
    $0 + $210,297 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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3
COMPENSATION OF OFFICERS IS DETERMINED BY RELATED PARTY, NUEVA ESPERANZA, INC. THROUGH THE USE OF FORM 990S OF COMPARABLE ORGANIZATIONS, COMPENSATION SURVEYS AND APPROVAL BY BOARD.

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.

  • ROBERTO CLEMENTE HOMES LP

    Housing · PA

    Directly controlled by NUEVA ESPERANZA

Related corporations and trusts

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

  • 3921 CORPORATION

    C CORP · Housing · PA

    Directly controlled by Nueva Esperanza

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202421169349300417

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