2024-04-03T06:31:55-05:00 2023-06-30 871353108 EISNER ADVISORY GROUP LLC 130 NORTH 18TH STREET SUITE 3000 PHILADELPHIA PA 191032757 990 2022-07-01 233047862 216 SOMERSET COMPANY 216S 2157638870 216 WEST SOMERSET STREET PHILADELPHIA PA 19133 MARY LYNN ALVARINO CFO-CONGRESO 2157638870 2024-03-15 1 MARY LYNN ALVARINO 999009999 1 HELEN M MARTIN P01330899 2158818800 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MARY LYNN ALVARINO 216 WEST SOMERSET STREET PHILADELPHIA PA 19133 216909 0 X N/A X 2000 PA 216 SOMERSET COMPANY IS ORGANIZED FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF CONGRESO DE LATINOS UNIDOS, INC. 216 SOMERSET COMPANY WILL ENGAGE IN ACTIVITIES THAT CONGRESO WOULD OTHERWISE ENGAGE IN ON ITS OWN BEHALF, SUCH AS HOLDING TITLE TO AND MANAGING REAL PROPERTY FOR THE BENEFIT OF CONGRESO. 3 2 0 2 0 0 0 0 185348 185350 102 60 30582 31499 216032 216909 0 0 0 0 0 0 0 0 0 211217 208765 211217 208765 4815 8144 4530555 4476874 2470403 2408578 2060152 2068296 X 216 SOMERSET COMPANY IS ORGANIZED FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF CONGRESO DE LATINOS UNIDOS, INC. 216 SOMERSET COMPANY WILL ENGAGE IN ACTIVITIES THAT CONGRESO WOULD OTHERWISE ENGAGE IN ON ITS OWN BEHALF, SUCH AS HOLDING TITLE TO AND MANAGING REAL PROPERTY FOR THE BENEFIT OF CONGRESO. 0 0 208765 185350 EXEMPT FUNCTION REAL PROPERTY RENTAL TO AFFILIATED ORGANIZATION. 208765 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 2 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 0 0 0 0 0 X MARY LYNN ALVARINO 2157638870 216 W SOMERSET STREET PHILADELPHIA PA 19133 CAROLINA DIGIORGIO MEMBER (THRU 3/11/23) 1.00 36.50 X 0 228988 32967 LISA AUERBACH TREASURER & VP (THRU 5/5/23) 1.00 36.50 X X 0 138399 17877 RICH DEPIANO JR BOARD CHAIR & PRESIDENT 1.00 3.00 X X 0 0 0 ROBERT AHRENS SECRETARY 1.00 3.00 X X 0 0 0 JANNETTE DIAZ MEMBER (EFF 3/11/23) 1.00 36.50 X 0 157166 12592 0 524553 63436 0 0 1 0 0 RENTAL INCOME 531120 185350 185350 185350 60 60 31499 0 31499 31499 31499 216909 185350 0 31559 90485 90485 118280 118280 208765 208765 0 0 129495 191502 7395410 5749459 1764232 1645951 2636828 2639421 4530555 4476874 7302 7105 2669 2463101 2398804 2470403 2408578 X 2060152 2068296 2060152 2068296 4530555 4476874 8144 0 X 0 1 X 1 0 X X 1 CONGRESO DE LATINOS UNIDOS INC 232051143 7 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 6577619 5563556 1014063 817791 185903 631888 1645951 DUE FROM AFFILIATES - CONGRESO DE LATINOS UNIDOS, INC. 2636828 OTHER 2593 2639421 X PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS CLASSIFIED CONGRESO, 2800 AMERICAN, AND 216 SOMERSET AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("CODE"); AS ORGANIZATIONS, CONTRIBUTIONS TO WHICH ARE DEDUCTIBLE UNDER SECTION 170(C) OF THE CODE; AND AS ORGANIZATIONS THAT ARE NOT PRIVATE FOUNDATIONS AS DEFINED IN SECTION 509(A) OF THE CODE. CBS IS A LIMITED LIABILITY COMPANY WHOSE SOLE MEMBER IS AN EXEMPT ORGANIZATION. U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY, IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY A GOVERNMENT AUTHORITY. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT AS OF JUNE 30, 2023 AND 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION RECOGNIZES ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS, IF ANY. THERE WERE NO INCOME TAX RELATED INTEREST AND PENALTIES RECORDED FOR THE YEAR ENDED JUNE 30, 2023 OR 2022. BECAUSE CONGRESO IS THE SOLE MEMBER OF CBS, THIS LLC IS INCLUDED IN CONGRESO'S TAX RETURN. 0 0 0 0 0 0 0 0 0 CAROLINA DIGIORGIO MEMBER (THRU 3/11/23) 0 208988 0 20000 0 0 0 7084 0 25883 0 261955 0 0 JANNETTE DIAZ MEMBER (EFF 3/11/23) 0 144166 0 13000 0 0 0 2390 0 10202 0 169758 0 0 LISA AUERBACH TREASURER & VP (THRU 5/5/23) 0 125399 0 13000 0 0 0 2141 0 15736 0 156276 0 0 PART I, LINE 3 COMPENSATION PROCEDURES ALL COMPENSATION IS PAID BY A RELATED ORGANIZATION, CONGRESO DE LATINOS UNIDOS, INC. FORM 990, PART VI, SECTION A, LINE 6 CONGRESO DE LATINOS UNIDOS, INC. IS THE SOLE MEMBER OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A CONGRESO DE LATINOS UNIDOS, INC. APPOINTS THE DIRECTORS OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7B THE APPROVAL OF CONGRESO DE LATINOS UNIDOS, INC. IS REQUIRED FOR ANY OF THE FOLLOWING ACTIONS BY THE ORGANIZATION: (A) ANY MERGER, DISSOLUTION, OR LIQUIDATION; (B) ANY AMENDMENTS TO THE ARTICLES OF INCORPORATION OR BYLAWS; (C) THE SALES, PLEDGE, LEASE (BUT ONLY A LEASE FROM THE ORGANIZATION OF SUBSTANTIALLY ALL OF THE CORPORATION'S REAL PROPERTY), OR OTHER TRANSFER OF ASSETS OTHER THAN TRANSACTIONS OCCURRING IN THE ORDINARY COURSE OF BUSINESS; (D) THE ADOPTION OF THE CORPORATION'S ANNUAL CAPITAL AND OPERATING BUDGETS; (E) THE ISSUANCE OR ASSUMPTION OF ANY INDEBTEDNESS IN EXCESS OF FIFTY THOUSAND DOLLARS ($50,000); AND (F) THE EXECUTION OF ANY CONTRACT PROVIDING FOR THE MANAGEMENT OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION HAS NO COMMITTEES WITH AUTHORITY TO ACT ON ITS BEHALF. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED AND APPROVED BY ALL MEMBERS OF THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANY DIRECTORS, PRINCIPAL OFFICER, OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS, WHO HAS DIRECT OR INDIRECT FINANCIAL INTEREST, IS AN INTERESTED PERSON AND COVERED UNDER THE CONFLICT OF INTEREST POLICY. ALL ACTUAL OR POTENTIAL CONFLICTS OF INTEREST MUST BE DISCLOSED TO THE GOVERNING BODY OF THE BOARD. AFTER DISCLOSURE AND DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED ON. IF IT IS DETERMINED THAT A CONFLICT OF INTEREST EXISTS, AND THE COMPANY CANNOT OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST, THE INTERESTED PERSON WILL BE PROHIBITED FROM PARTICIPATING IN THE GOVERNING BODY'S DELIBERATIONS AND DECISIONS IN THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 ALL COMPENSATION IS PAID BY A RELATED ORGANIZATION, CONGRESO DE LATINOS UNIDOS, INC. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, FORM 990, AND 1023 APPLICATION AVAILABLE TO THE PUBLIC UPON REQUEST. CONGRESO DE LATINOS UNIDOS INC 216 WEST SOMERSET STREET PHILADELPHIA PA 19133 232051143 SOCIAL SERVICES PA 501(C)(3) LINE 7 CONGRESO DE LATINOS UNIDOS INC 0 2800 AMERICAN STREET COMPANY 216 WEST SOMERSET STREET PHILADELPHIA PA 19133 542152662 SUPPORTING CONGRESO DE LATINOS UNIDOS PA 501(C)(3) LINE 12B, II CONGRESO DE LATINOS UNIDOS INC 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0