2024-11-14T00:33:08-06:00 2023-12-31 232108173 RKL LLP 102 PICKERING WAY STE 300 EXTON PA 19341 990 2023-01-01 231929262 HARRISTOWN DEVELOPMENT CORPORATION HARR 7172365061 320 MARKET STREET 273 E HARRISBURG PA 17101 ANDREW S MCCLEAF VP, TREASURER & CFO 7172551044 2024-11-11 1 0 STEPHANIE E KANE CPA P01275157 4848742200 2024-11-06 2023 2024-10-15 13:58:12Z BRADLEY JONES 320 MARKET STREET 273 E HARRISBURG PA 17101 26190361 0 9188 X WWW.HARRISTOWN.NET X 1974 PA COMBAT URBAN DETERIORATION AND ENHANCE THE QUALITY OF THE SOCIAL, CULTURAL, AND ECONOMIC LIFE OF THE COMMUNITY. 18 16 10 18 0 0 0 0 17449762 17559970 55858 327649 1117915 815429 18623535 18703048 0 0 0 0 1466247 1323341 0 0 0 16547641 16876764 18013888 18200105 609647 502943 35734091 36935825 13626385 14236603 22107706 22699222 X PROMOTE, PROVIDE & INCREASE SOCIAL, CULTURAL AND ECONOMIC ACTIVITY. EXCEL IN URBAN PLANNING AND DEVELOPMENT. OPERATE AND MANAGE EFFICIENTLY, EFFECTIVELY AND ETHICALLY. PARTNER WITH PUBLIC, PRIVATE AND NON-PROFIT GROUPS AND INDIVIDUALS. LINK THE DOWNTOWN TO HARRISBURG'S REGIONAL COMMUNITY. ENHANCE IN ALL WAYS POSSIBLE DOWNTOWN'S QUALITY AND CHARACTER OF LIFE FOR ALL RESIDENTS, BUSINESSES, EMPLOYEES, CUSTOMERS AND VISITORS. 0 0 16659893 17559970 THE CORPORATION WAS INCORPORATED AS A PENNSYLVANIA NONPROFIT CORPORATION FORMED FOR THE PURPOSE OF COMBATING COMMUNITY DETERIORATION; AMELIORATING THE PROBLEMS OF CRIME AND JUVENILE DELINQUENCY; ENHANCING THE QUALITY OF THE SOCIAL, CULTURAL AND ECONOMIC LIFE OF THE COMMUNITY; AND PROMOTING PARTICIPATION IN COMMUNITY DEVELOPMENT. IN ACCORDANCE WITH THE GOALS SET FORTH ABOVE, THE CORPORATION PROVIDES PLANNING, PROPERTY MANAGEMENT, DIRECT AND INDIRECT PARTICIPATION IN THE REDEVELOPMENT AND REVITALIZATION OF THE CENTRAL BUSINESS DISTRICT IN THE CITY OF HARRISBURG, PENNSYLVANIA. THE RESULTS OF THE DIRECT EFFORTS INCLUDE A HOTEL AND CONVENTION CENTER; A RETAIL MALL; COMMERCIAL OFFICES; RESIDENTIAL HOUSING; PARKING GARAGES; A RENOVATED TRANSPORTATION CENTER AND BUS TRANSFER STATION; A SCIENCE CENTER; AND SUBSTANTIAL INFRASTRUCTURE IMPROVEMENTS INCLUDING CURBS, SIDEWALKS, STREETLIGHTS AND SUCH AMENITIES AS TREES AND TRAFFIC PULL-OFFS, ALL DESIGNED TO FURTHER THE BEST INTERESTS OF THE CITIZENS OF THE CITY. THE INDIRECT EFFORTS, PRIMARILY REFINANCING AND PLANNING ASSISTANCE TO PRIVATE DEVELOPERS, HAVE PRODUCED ALMOST TWO HUNDRED HOUSING UNITS AND SEVERAL RENOVATED BUILDINGS CONTAINING STOREFRONTS AND APARTMENTS. THE CORPORATION ACHIEVES ITS OBJECTIVES WITHOUT AWARDING GRANTS OR ALLOCATING FUNDS BEYOND ITS OWN CORPORATE STRUCTURE. 16659893 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 10 0 1 10 1 0 0 0 0 0 0 0 0 X 18 16 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X ANDREW S MCCLEAF VP TREASURER & CFO 7172551044 320 MARKET STREET SUITE 273 E HARRISBURG PA 17101 DAVID E BLACK CHAIRMAN 1.00 X X 0 0 0 J MARC KUROWSKI VICE CHAIR 1.00 1.00 X X 0 0 0 DANIEL J ALDERMAN DIRECTOR 1.00 1.00 X 0 0 0 CRYSTAL BROWN DIRECTOR 1.00 X 0 0 0 JOHN O CAMPBELL DIRECTOR 1.00 X 0 0 0 CAROL P COCHERES ESQUIRE DIRECTOR 1.00 X 0 0 0 JULIA COELHO ESQUIRE DIRECTOR 1.00 1.00 X 0 0 0 KAREN GUNNISON ESQUIRE DIRECTOR 1.00 1.00 X 0 0 0 RAYMOND B HARRIS III DIRECTOR 1.00 X 0 0 0 KURT KNAUS DIRECTOR 1.00 1.00 X 0 0 0 JOHN MOREFIELD DIRECTOR 1.00 1.00 X 0 0 0 JESSICA RITCHIE DIRECTOR 1.00 1.00 X 0 0 0 THOMAS B SCHMIDT III ESQUIRE DIRECTOR 1.00 1.00 X 0 0 0 JOHN SIDER DIRECTOR 1.00 1.00 X 0 0 0 MICHELE WASHKO DIRECTOR 1.00 1.00 X 0 0 0 JUSTIN WEBER DIRECTOR 1.00 1.00 X 0 0 0 MARY WEBBER WESTON DIRECTOR 1.00 X 0 0 0 KAREN C YARRISH ESQUIRE DIRECTOR 1.00 X 0 0 0 BRADLEY R JONES PRESIDENT & CEO 30.00 10.00 X 0 292377 33673 HANNAH DOWD MCPHELIN START 11822 VP & GENERAL COUNSEL 30.00 10.00 X 0 209603 12921 JULIEN GAUDION VICE PRESIDENT 10.00 30.00 X 0 186142 14400 ANDREW S MCCLEAF VP, TREASURER, CFO 30.00 10.00 X 0 177100 25825 CAROL G ROSSI VICE- PRESIDENT 10.00 30.00 X 0 167370 5656 JULIE SHADE ASST SECRETARY 30.00 10.00 X 0 65570 10659 ASHLEY JAMES ASST SECRETARY 30.00 10.00 X 0 52852 10360 DENISE TREASTER ASST SECRETARY 10.00 30.00 X 0 48626 10208 NEAL S WEST SENIOR VP & GENERAL COUNSE 30.00 10.00 X 0 146335 8019 0 1345975 131721 0 1 1 0 0 RENTAL INCOME 531120 17559970 17559970 17559970 275543 275543 7539419 7487313 52106 52106 52106 EQUITY IN NET INCOME OF ENTERPRIS 900099 634024 634024 DEVELOPMENT AND PLANNING 900099 274951 274951 GAIN ON SWAP CONTRACT 900099 -93546 -93546 815429 18703048 17559970 0 1143078 1323341 1323341 351463 276540 74923 3240 3240 35933 35933 31800 31800 63451 63451 15122427 15122427 1791 1791 110060 110060 193476 193476 126042 126042 OPERATIONS & MAINTENANC 829557 829557 MISCELLANEOUS 7524 7524 18200105 16659893 1540212 0 1417638 2736266 2676274 2981046 211510 143226 178582 23438785 20252183 3013350 3186602 6978528 6923516 21293565 20929813 35734091 36935825 1018688 1449181 710321 1117700 3159820 3017047 8737556 8652675 13626385 14236603 X 22107706 22699222 22107706 22699222 35734091 36935825 X 502943 198573 -110000 X X 1 X 0 0 0 26331 26331 21271191 19827251 1443940 1662242 315449 1346793 38823 30412 8411 440198 79071 361127 3186602 INVESTMENTS IN AFFILIATES 15242960 DUE FROM RELATED PARTIES 57137 OPERATING LEASE ROU ASSETS 5458943 SWAP CONTRACT 170773 20929813 REPLACEMENT RESERVES 2981046 OPERATING LEASE LIABILITIES 5671629 8652675 X PART X, LINE 2: THE GROUP HAS EVALUATED ITS TAX POSITIONS AS OF DECEMBER 31, 2022 AND 2021. A TAX POSITION IS RECOGNIZED AS A BENEFIT ONLY IF IT IS MORE-LIKELY-THAN-NOT THAT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX BENEFIT THAT HAS A LIKELIHOOD OF BEING REALIZED ON EXAMINATION OF MORE THAN 50%. FOR TAX POSITIONS NOT MEETING THE MORE-LIKELY-THAN-NOT TEST, NO TAX BENEFIT IS RECORDED. UNDER THE MORE-LIKELY-THAN-NOT THRESHOLD GUIDELINES, THE GROUP BELIEVES NO SIGNIFICANT UNCERTAIN TAX POSITIONS EXIST, EITHER INDIVIDUALLY OR IN THE AGGREGATE, THAT WOULD RESULT IN RECOGNITION OF A LIABILITY FOR UNRECOGNIZED TAX BENEFIT OR ACCRUED INTEREST AND PENALTIES AS OF DECEMBER 31, 2022 AND 2021. THE FEDERAL AND STATE INCOME TAX RETURNS OF THE GROUP FOR THE YEARS ENDED DECEMBER 31, 2020, 2021, AND 2022 ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND THE PENNSYLVANIA DEPARTMENT OF REVENUE, GENERALLY FOR THREE YEARS AFTER THE TIME PERIOD IN WHICH THEY HAVE BEEN FILED. X X X X 0 1 0 0 0 0 0 0 0 BRADLEY R JONES PRESIDENT & CEO 0 287377 0 5000 0 0 0 13721 0 19952 0 326050 0 0 HANNAH DOWD MCPHELIN START 11822 VP & GENERAL COUNSEL 0 204296 0 5307 0 0 0 4826 0 8095 0 222524 0 0 ANDREW S MCCLEAF VP, TREASURER, CFO 0 172100 0 5000 0 0 0 7025 0 18800 0 202925 0 0 JULIEN GAUDION VICE PRESIDENT 0 180950 0 5192 0 0 0 6305 0 8095 0 200542 0 0 CAROL G ROSSI VICE- PRESIDENT 0 161615 0 5755 0 0 0 5656 0 0 0 173026 0 0 NEAL S WEST SENIOR VP & GENERAL COUNSE 0 3375 0 142960 0 0 0 8019 0 0 0 154354 0 0 PART I, LINE 4B SHARON HASSINGER RECEIVED PAYMENT FROM THE HARRISTOWN DEVELOPMENT CORPORATION 457(B) PLAN. FORM 990, PART VI, SECTION A, LINE 1A ENTERPRISES' COMMITTEES CAN RECOMMEND ITEMS TO THE BOARD BUT NOT ACT ON BEHALF OF THE BOARD WITH BROAD AUTHORITY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS DISTRIBUTED TO EACH CORPORATE OFFICER COINCIDING WITH THE DISTRIBUTION TO THE BOARD OF DIRECTORS. THE FORM IS METICULOUSLY REVIEWED BY THE VICE PRESIDENT OF FINANCE BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C AN ANNUAL QUESTIONNAIRE IS DISTRIBUTED TO ALL DIRECTORS AND OFFICERS. THIS QUESTIONNAIRE REQUESTS DISCLOSURE OF ALL BUSINESS INTERESTS OF THE INDIVIDUAL AND IMMEDIATE FAMILY MEMBERS. MANAGEMENT REVIEWS THE DISCLOSURES FOR CONFLICTS. PERSONS WITH A CONFLICT RECUSE THEMSELVES FROM ACTING UPON CERTAIN TRANSACTIONS INVOLVING A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE HUMAN RESOURCES COMMITTEE ANNUALLY REVIEWS THE COMPENSATION OF ALL EMPLOYEES OF THE ORGANIZATION AND THE COMPONENTS OF THE ORGANIZATION'S BENEFIT PACKAGE. THE COMMITTEE IS ALSO RESPONSIBLE FOR APPROVING THE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER. THE CHAIR OF THE COMMITTEE SUBSEQUENTLY WRITES A LETTER TO THE CHIEF EXECUTIVE OFFICER DOCUMENTING THE COMMITTEE'S APPROVAL OF THE CHIEF EXECUTIVE OFFICER'S COMPENSATION AND ITS REVIEW OF THE ORGANIZATION'S TOTAL COMPENSATION AND BENEFITS PACKAGE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE FOR REVIEW UPON REQUEST AT ITS CORPORATE OFFICES. FORM 990, PART XI, LINE 9: INTERCOMPANY TRANSFER -110,000. ROUNDING PART XI, LINE 2C THE ORGANIZATION'S PROCESS FOR SELECTING AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THAT OF PRIOR YEARS. PAGE 1, ITEM H(B) HARRISBURG REALTY IMPROVEMENTS CORPORATION IS AN AFFILIATE COVERED BY THIS ORGANIZATION'S GROUP EXEMPTION NUMBER. HARRISBURG REALTY IMPROVEMENTS CORPORATION FILES A SEPARATE FORM 990 SERIES RETURN OF ORGANIZATION EXEMPT FROM FROM INCOME TAX. 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