2025-10-16T15:43:27-05:00 2023-06-30 871353108 EISNER ADVISORY GROUP LLC 130 NORTH 18TH STREET SUITE 3000 PHILADELPHIA PA 191032757 990 2022-07-01 232851068 THE PEC FOUNDATION PECF 2153827523 325 N 39TH STREET PHILADELPHIA PA 19104 KATHLEEN DESMOND PRESIDENT 2153827523 2025-10-16 1 0 HELEN M MARTIN P01330899 2158818800 2022 2025-03-06 01:10:19Z X KATHLEEN DESMOND 325 N 39TH STREET PHILADELPHIA PA 19104 625722 0 X WWW.HOPEPHL.ORG X 1996 PA THE MISSION OF THE PEC FOUNDATION IS TO OVERSEE, INVEST, AND MAKE QUALIFYING GRANTS TO THE FOLLOWING PENNSYLVANIA NONPROFIT CORPORATIONS: HOPEPHL AND HOPEPHL COMMUNITY DEVELOPMENT CORPORATION. 6 6 0 6 0 0 0 0 0 24000 356608 179812 0 0 356608 203812 0 0 0 0 0 0 0 0 0 16711 28081 16711 28081 339897 175731 6447398 7364774 416461 805001 6030937 6559773 THE MISSION OF PEC FOUNDATION IS TO OVERSEE, INVEST, AND MAKE QUALIFYING GRANTS TO THE FOLLOWING PENNSYLVANIA NONPROFIT CORPORATIONS: HOPEPHL AND HOPEPHL COMMUNITY DEVELOPMENT CORPORATION. 0 0 10000 24000 THE FOUNDATION IS A SUPPORTING ORGANIZATION AND IS ORGANIZED AND OPERATED TO RAISE AND MANAGE FUNDS FOR THE BENEFIT AND SUPPORT OF HOPEPHL AND THE HOPEPHL COMMUNITY DEVELOPMENT CORPORATION. 10000 1 0 0 0 0 0 0 0 0 1 0 1 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 X 6 6 0 1 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X KATHLEEN DESMOND PRESIDENT - HOPEPHL 2677775815 325 N 39TH STREET PHILADELPHIA PA 19104 ELLEN BROTMAN BOARD CHAIR 2.00 2.00 X X 0 0 0 PAM HANSEN DIRECTOR 2.00 2.00 X 0 0 0 STEVE FAHRINGER DIRECTOR 2.00 2.00 X 0 0 0 STEVE SCADUTO DIRECTOR 2.00 2.00 X 0 0 0 CHRISTINE JACOBS TREASURER 2.00 2.00 X 0 0 0 TRINA SMITH DIRECTOR 2.00 2.00 X 0 0 0 BLAIR BOROCH DIRECTOR 2.00 2.00 X 0 0 0 KATHLEEN DESMOND PRESIDENT - HOPEPHL 2.00 38.00 X 0 168806 11844 0 168806 11844 0 0 1 0 0 RELATED ENTITY INTERES 900099 24000 24000 24000 95597 95597 506125 421910 84215 84215 84215 203812 24000 0 179812 10000 10000 18081 18081 28081 10000 18081 0 40810 210620 3581717 3739825 1156448 1350125 1668423 2064204 6447398 7364774 31537 805001 384924 0 416461 805001 X 5745832 6274668 285105 285105 6030937 6559773 6447398 7364774 175731 353105 0 X 0 1 X 1 0 X X 2 HOPEPHL 232017882 7 1 0 0 HOPEPHL COMMUNITY DEVELOPMENT CORPORATION 232687223 7 1 0 0 2 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 X 1 1 PART IV, SECTION E, LINE 2A: THE ONLY NON-INVESTMENT RELATED ACTIVITY AT THE PEC FOUNDATION WAS A MANAGEMENT FEE PAID TO PEOPLE'S EMERGENCY CENTER, A SUPPORTED ORGANIZATION. THERE WERE NO GRANT REQUESTS FROM THE SUPPORTED ORGANIZATIONS DURING THE YEAR. PEOPLE'S EMERGENCY CENTER UTILIZED THE FEE AS PART OF ITS HOUSING PROGRAM TO PROVIDE SUPPORT OPERATIONS AT AN AFFORDABLE RENTAL PROPERTY, ROWAN HOUSE. PART IV, SECTION E, LINE 2B: PEOPLE'S EMERGENCY CENTER OPERATES ROWAN HOUSE AS AN AFFORDABLE HOUSING PROJECT AND WOULD CONTINUE TO FUND OPERATIONS AT THE PROJECT THROUGH OTHER REVENUE SOURCES IN THE ABSENCE OF FUNDING FROM THE PEC FOUNDATION. 285105 285105 285105 285105 285105 285105 285105 285105 285105 285105 1.00000 0 0 0 LOOMIS SAYLES GROWTH FUND 421404 F ISHARES S&P 100 ETF 440003 F COLUMBIA SELECT LARGE CAP VALUE FUND CL INSTL3 488718 F 1350125 DUE FROM RELATED PARTY 602611 LOANS TO RELATED PARTY 1461593 2064204 X PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS ARE USED FOR THE PRESERVATION OF PRINCIPAL FOR THE BENEFIT OF HOPEPHL. PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS CLASSIFIED HOPEPHL, CDC, THE FOUNDATION AND BIG DAISY 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. SPLP, IHLP, 4050 APARTMENTS, AND CLOISTERS III ARE CLASSIFIED AS LIMITED PARTNERSHIPS AND ARE NOT SUBJECT TO INCOME TAXES. ONLY THE PARTNERS REPORT THE INCOME OR LOSS ON THEIR INCOME TAX RETURNS. IGP, SPGP, RH, GA AND TM ARE CLASSIFIED AS CORPORATIONS SUBJECT TO TAX AT THE CORPORATE LEVEL. PENNROSE PEC, LLC IS CLASSIFIED AS A LIMITED LIABILITY COMPANY THAT HAS ELECTED TO BE TAXED AS A PARTNERSHIP AND IS NOT SUBJECT TO INCOME TAXES. ONLY THE MEMBERS REPORT THE INCOME OR LOSS ON THEIR INCOME TAX RETURNS. 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 OR PENALTIES RECORDED FOR EITHER OF THE YEARS ENDED JUNE 30, 2023 OR 2022. 1 PART I, LINE 2: GRANT FUNDING IS APPROVED AND MONITORED BY THE BOARD OF DIRECTORS. 0 0 0 0 0 0 0 0 0 KATHLEEN DESMOND PRESIDENT - HOPEPHL 0 168806 0 0 0 0 0 8227 0 3617 0 180650 0 0 PART I, LINE 3 THE EXECUTIVE COMMITTEE OF PEOPLE'S EMERGENCY CENTER, USING COMPARABLE MARKET DATA OF SALARIES AT SIMLAR ORGANIZATIONS, APPROVES THE COMPENSATION AMOUNT OF THE PRESIDENT'S POSITION. FORM 990, PAGE 1 THE RETURN IS BEING AMENDED DUE TO THE ORGANIZATION'S AUDIT BEING COMPLETED SUBSEQUENT TO THE FILING OF THE FORM 990 ON MAY 15, 2024. CHANGES HAVE BEEN MADE THROUGHOUT THE RETURN AND RELATED SCHEDULES. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS AN ESTABLISHED CONTRACT WITH A RELATED PARTY, HOPEPHL, FOR THE ADMINISTRATION AND MANAGEMENT OF THE ORGANIZATION. ALL POSITIONS AND STAFF ARE SUPPLIED AND SHARED BY HOPEPHL. FORM 990, PART VI, SECTION A, LINE 7A HOPEPHL AND HOPEPHL COMMUNITY DEVELOPMENT CORPORATION EACH HAVE THE ABILITY TO APPOINT 5 MEMBERS OF THE FOUNDATION'S 10 MEMBER BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED AND APPROVED BY THE PRESIDENT AND THE VP FINANCE OF HOPEPHL. AFTER IT HAS BEEN APPROVED, A COPY OF THE RETURN IS PROVIDED TO THE COMPLETE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS REVIEWS THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 ALL COMPENSATION IS PAID THROUGH HOPEPHL, A RELATED ENTITY LISTED ON SCHEDULE R. THE BOARD OF DIRECTORS OF HOPEPHL REVIEWS ANNUAL COMPENSATION FOR MANAGEMENT TO DETERMINE THAT IT IS COMPARABLE TO SIMILAR NONPROFIT ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST AND WHISTLE BLOWER POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. HOPEPHL 325 N 39TH STREET PHILADELPHIA PA 19104 232017882 PROVIDE EMERGENCY SERVICES INCLUDING FOOD AND SHELTER TO WOMEN AND CHILDREN PA 501(C)(3) LINE 7 N/A 0 HOPEPHL COMMUNITY DEVELOPMENT CORP 325 N 39TH STREET PHILADELPHIA PA 19104 232687223 REAL ESTATE ARM OF THE RELATED ORGANIZATION - PEOPLE'S EMERGENCY CENTER PA 501(C)(3) LINE 7 N/A 0 BIG DAISY CORPORATION 325 N 39TH STREET PHILADELPHIA PA 19104 271010116 AFFORDABLE HOUSING PROJECT FOR FORMERLY HOMELESS INDIVIDUALS PA 501(C)(3) LINE 7 PEOPLE'S EMERGENCY CENTER 0 ROWAN HOUSE 325 N 39TH STREET PHILADELPHIA PA 19104 222735410 HOLDS INTERESTS IN AFFORDABLE HOUSING PA 501(C)(3) LINE 12C, III-FI N/A 0 IMANI HOMES LP 325 N 39TH STREET PHILADELPHIA PA 19104 232803609 RENTAL OF AFFORDABLE HOUSING PA PEOPLE'S EMERGENCY CENTER RELATED 0 0 SAUNDERS PARK LP 325 N 39TH STREET PHILADELPHIA PA 19104 232832235 RENTAL OF AFFORDABLE HOUSING PA PEOPLE'S EMERGENCY CENTER RELATED 0 0 4050 APARTMENTS LP 325 N 39TH STREET PHILADELPHIA PA 19104 371763854 RENTAL OF AFFORDABLE HOUSING PA PEOPLE'S EMERGENCY CENTER RELATED 0 0 PENNROSE - PEC LLC C/O PENNROSE PROPERTIES LLC ONE BRE PHILADELPHIA PA 19121 522413223 CORPORATE GENERAL PARTNER PA N/A RELATED 0 0 CLOISTERS III HOUSING PARTNERSHIP LP 3900 HAVERFORD AVENUE PHILADELPHIA PA 19104 202530985 RENTAL OF AFFORDABLE HOUSING PA PENNROSE - PEC LLC RELATED 0 0 IMANI GP INC 325 N 39TH STREET PHILADELPHIA PA 19104 232822853 CORPORATE GENERAL PARTNER PA PEOPLE'S EMERGENCY CENTER C 0 SAUNDERS PARK GENERAL PARTNER INC 325 N 39TH STREET PHILADELPHIA PA 19104 232687223 CORPORATE GENERAL PARTNER PA PEOPLE'S EMERGENCY CENTER C 0 GUARD ASSOCIATES 325 N 39TH STREET PHILADELPHIA PA 19104 271953977 CORPORATE GENERAL PARTNER PA PEOPLE'S EMERGENCY CENTER C 0 TWO MARKS INC 325 N 39TH STREET PHILADELPHIA PA 19104 823110992 CORPORATE GENERAL PARTNER PA PEOPLE'S EMERGENCY CENTER C 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0