Civic Intelligence

South Eastern Economic Development Company of Pennsylvania

990 • Fiscal year 2015 • EIN 22-2490679

Oct 01, 2014 to Sep 30, 2015 • Filed on Jan 11, 2016

Organization ProfileWWW.SEEDCOPA.COM
737 Constitution DriveExton, PA 19341

(610) 458-5700

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

52nd percentile

0.20x

Higher debt load relative to assets than 52% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

50th percentile

0.18x

Higher debt load relative to revenue than 50% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Net Margin

76th percentile

11%

Higher net margin than 76% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Asset Growth

1st percentile

-99%

Faster asset growth than 1% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

78th percentile

13%

Faster revenue growth than 78% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets52nd percentile

Assets

Down

$1,812,486

Down $158,549,984 (-99%) from 2014

Net Assets

Up

$1,449,905

Up $215,179 (+17%) from 2014

Liabilities

Down

$362,581

Down $158,765,163 (-100%) from 2014

Revenue And Expenses
Liabilities / Revenue50th percentileNet Margin76th percentile

Revenue

Up

$1,981,772

Up $234,455 (+13%) from 2014

Expenses

Up

$1,766,593

Up $336,537 (+24%) from 2014

Net Income

Down

$215,179

Down $102,082 (-32%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200M$150M$100M$50M$0Assets 2011: $135,135,608Liabilities 2011: $134,984,570Net Assets 2011: $151,0382011Assets 2012: $149,586,039Liabilities 2012: $149,260,990Net Assets 2012: $325,0492012Assets 2013: $153,174,157Liabilities 2013: $152,256,692Net Assets 2013: $917,4652013Assets 2014: $160,362,470Liabilities 2014: $159,127,744Net Assets 2014: $1,234,7262014Assets 2015: $1,812,486Liabilities 2015: $362,581Net Assets 2015: $1,449,9052015Assets 2016: $2,475,442Liabilities 2016: $1,043,104Net Assets 2016: $1,432,3382016Assets 2017: $2,253,654Liabilities 2017: $539,071Net Assets 2017: $1,714,5832017Assets 2018: $2,280,033Liabilities 2018: $219,744Net Assets 2018: $2,060,2892018Assets 2019: $2,316,988Liabilities 2019: $265,941Net Assets 2019: $2,051,0472019Assets 2020: $2,885,740Liabilities 2020: $353,457Net Assets 2020: $2,532,2832020Assets 2021: $3,531,785Liabilities 2021: $771,990Net Assets 2021: $2,759,7952021Assets 2022: $4,125,560Liabilities 2022: $1,153,022Net Assets 2022: $2,972,5382022Assets 2023: $4,280,310Liabilities 2023: $1,325,155Net Assets 2023: $2,955,1552023

Highlighted filing

2015

Assets$1,812,486
Liabilities$362,581
Net Assets$1,449,905
Open 2015 Filing

Operations Trend

Revenue Growth78th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2011: $1,703,128Expenses 2011: $1,659,423Net Income 2011: $43,7052011Expenses 2012: $1,818,4022012Expenses 2013: $1,489,4482013Revenue 2014: $1,747,317Expenses 2014: $1,430,056Net Income 2014: $317,2612014Revenue 2015: $1,981,772Expenses 2015: $1,766,593Net Income 2015: $215,1792015Revenue 2016: $1,396,752Expenses 2016: $1,414,319Net Income 2016: -$17,5672016Revenue 2017: $1,646,309Expenses 2017: $1,364,064Net Income 2017: $282,2452017Revenue 2018: $1,733,461Expenses 2018: $1,387,755Net Income 2018: $345,7062018Revenue 2019: $1,320,527Expenses 2019: $1,329,769Net Income 2019: -$9,2422019Revenue 2020: $1,830,848Expenses 2020: $1,349,612Net Income 2020: $481,2362020Revenue 2021: $1,614,452Expenses 2021: $1,386,940Net Income 2021: $227,5122021Revenue 2022: $1,651,017Expenses 2022: $1,438,274Net Income 2022: $212,7432022Revenue 2023: $1,638,016Expenses 2023: $1,655,399Net Income 2023: -$17,3832023

Highlighted filing

2015

Revenue$1,981,772
Expenses$1,766,593
Net Income$215,179
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Jan 11, 2016
Return Version
2014v6.0
Gross Receipts
$1,981,772
Mission and Program Overview

Mission

Foster the industrial and commercial growth of southeastern pennsylvania by providing financing available through the u.s. Small business administration loan programs to new, expanded and rehabilitated industrial and commercial projects.

Foster the industrial and commercial growth of southeastern pa

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,068,606$1,150,283▼ $918,323
Other Notes and Loans Receivable, Net$158,199,899$587,853▼ $157,612,046
Accounts Receivable$61,841$49,856▼ $11,985
Prepaid Expenses and Deferred Charges$12,379$11,173▼ $1,206
Land, Buildings, and Equipment, Net$11,620$6,350▼ $5,270
Total Assets$160,362,470$1,812,486▼ $158,549,984
Other Assets Total$8,125$6,971▼ $1,154
Liabilities
Mortgage Notes Payable Secured by Investment Property$157,498,696$0▼ $157,498,696
Escrow Account Liability$690,092$230,962▼ $459,130
Other Liabilities$871,991$88,751▼ $783,240
Accounts Payable and Accrued Expenses$66,965$42,868▼ $24,097
Total Liabilities$159,127,744$362,581▼ $158,765,163
Net Assets / Fund Balance
Temporarily Rstr Net Assets$658,839$983,949▲ $325,110
Unrestricted Net Assets$575,887$465,956▼ $109,931
Total Net Assets Fund Balance$1,234,726$1,449,905▲ $215,179
Total Liabilities and Net Assets / Fund Balance$160,362,470$1,812,486▼ $158,549,984

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,350$36,678$43,028
Compensation and Service Providers
Top Officer Pay21st percentile

Board Members and Trustees

NameTitle
Roger N Huggins EsqChairman
F William BogleFirst Vice Chairman
Edward J BreinerSecond Vice Chairman
Bill StedmanBoard Member
Charles KochkaBoard Member
Craig a Styer EsqBoard Member
Deborah Spranger EsqBoard Member
Denny L Howell Ii PeBoard Member
Diane M Disney PhdBoard Member
James G ReadingBoard Member
Julie SommeseBoard Member
Kenneth GodduBoard Member
Kristen LadowBoard Member
Mark RupsisBoard Member
Michael J HankinBoard Member
Patricia C BrennancfsBoard Member
Paul LamparskiBoard Member
Ray H OttBoard Member
Richard SarfertBoard Member
Michael GrigalonisCOO/assistant Director
Gary SmithExecutive Director
Sherwood RobbinsManaging Director
John BuckheitCFO
Marian D MoskowitzSecretary
Daniel G OstienTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,976,959
Investment Income
$4,813
Other Revenue
$0
Change in Net Assets
$215,179

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,981,772
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,981,772
Total Revenue per Form 990
$1,981,772
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,691,593
Grants and Similar Amounts Paid$75,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses---$137,086
Grants to Domestic Orgs---$75,000
Other Expenses---$31,200
Fees for Services Accounting---$14,705
Fees for Services Legal---$14,081
Travel---$11,749
Office Expenses---$9,808
Depreciation Depletion---$5,270
Occupancy---$2,475
Interest---$1,875
Total Functional Expenses$0$0$0$1,766,593

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,766,593
Expenses per Audited Statements$1,362,303
Total Expenses per Audited Statements$1,362,303
Expenses Not Reported on Financial Statements$404,290
Other Expense Adjustments$404,290
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Chester County Economic Development CouncilExton, PA501(c)6Economic Development in Chester County, Pa$75,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Roger N HugginsesqBoard MemberFees Were Paid to the Lawfirm of Gawthrop Greenwood Pc (of Which Roger N. Huggins,esq Is a Partner) for General Legal Expenses.No$29,514
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Unearned Deposits$43,551
Unearned Revenues - Pa Ssbci Funds$38,200
Unearned Revenues - Other$7,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The organization at all times has at least 20 individual members.”

Form 990, Part VI, Section A, Line 7A

“Each member is entitled to cast one vote at any election of the directors of the organization.”

Form 990, Part VI, Section B, Line 11

“Final 990 is reviewed by cfo to ensure accuracy and consistency with audited financial statements. Subsequently it is distributed to the executive committee of the board of directors and is reviewed with and approved by them at one of their monthly meetings prior to filing.”

Form 990, Part VI, Section B, Line 12C

“Conflict of interest policy is reviewed annually by the executive committee and approved by the board.”

Form 990, Part VI, Section C, Line 19

“These documents are made available to the public only upon direct request to the organization”

Filing and Contact Details

Filer

Filer Name
South Eastern Economic Development
EIN
22-2490679
Phone
6104585700
Address
737 CONSTITUTION DRIVE, EXTON, PA 19341

Signing Officer

Name
John Buckheit
Title
CFO
Phone
6104585700
Signed
2016-01-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gary Smith
Formed
1983
Legal Domicile
Pa
Voting Board Members
21
Independent Board Members
21
Employees
0
Volunteers
0

Preparer

Firm
Maillie Llp
Address
624 WILLOWBROOK LANE, WEST CHESTER, PA 19382
Preparer
Craig S Springer CPA
Phone
6106964353
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2

“The board of directors oversees the audit and is involved in the selection of the independent auditors.”

Financial Statement Notes

PART IV, LINE 2B:

“Funds held in escrow include insurance proceeds as stipulated by escrow and loan agreements. Funds will be released at the discretion of the sba.”

PART X, LINE 2:

“The organization's present policy is to evaluate all tax positions based on either having substantial authority for a tax position taken on a return or where substantial authority does not exist, then the organization discloses the tax treatment of the item and ensures that there is a reasonable basis for the treatment. The organization has not taken tax positions for any years open under the various statutes of limitations that required disclosure because they were not supported by substantial authority. As of september 30, 2015 the organization believes that all tax positions taken on open years are supported by substantial authority and has not recognized tax positions under fin 48 which would require measurement and disclosure.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Adjustment for reclass of restricted net assets 404,290.”

Raw XML AppendixShowing 400 of 581 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1FIRST VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECOND VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21COO/ASSISTANT DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt23EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24MANAGING DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01983
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt021
IRS990/GrantAmt075000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt075000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01981772
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt021
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InterestGrp/TotalAmt01875
IRS990/InvestmentIncomeGrp/ExclusionAmt04813
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt04813
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt016
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt036678
IRS990/LandBldgEquipBasisNetGrp/BOYAmt011620
IRS990/LandBldgEquipBasisNetGrp/EOYAmt06350
IRS990/LandBldgEquipCostOrOtherBssAmt043028
IRS990/LegalDomicileStateCd0PA
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0FOSTER THE INDUSTRIAL AND COMMERCIAL GROWTH OF SOUTHEASTERN PENNSYLVANIA BY PROVIDING FINANCING AVAILABLE THROUGH THE U.S. SMALL BUSINESS ADMINISTRATION LOAN PROGRAMS TO NEW, EXPANDED AND REHABILITATED INDUSTRIAL AND COMMERCIAL PROJECTS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0157498696
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt01234726
IRS990/NetAssetsOrFundBalancesEOYAmt01449905
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt02475
IRS990/OfficeExpensesGrp/TotalAmt09808
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt08125
IRS990/OtherAssetsTotalGrp/EOYAmt06971
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0ADMINISTRATIVE FEES
IRS990/OtherExpensesGrp/Desc1LOAN LOSS PROVISION
IRS990/OtherExpensesGrp/Desc2MARKETING
IRS990/OtherExpensesGrp/Desc3COMPUTER SERVICES
IRS990/OtherExpensesGrp/TotalAmt01020345
IRS990/OtherExpensesGrp/TotalAmt1400000
IRS990/OtherExpensesGrp/TotalAmt242999
IRS990/OtherExpensesGrp/TotalAmt331200
IRS990/OtherLiabilitiesGrp/BOYAmt0871991
IRS990/OtherLiabilitiesGrp/EOYAmt088751
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0158199899
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0587853
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt012379
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011173
IRS990/PrincipalOfficerNm0GARY SMITH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0561000
IRS990/ProgramServiceRevenueGrp/BusinessCd1561000
IRS990/ProgramServiceRevenueGrp/BusinessCd2561000
IRS990/ProgramServiceRevenueGrp/BusinessCd3561000
IRS990/ProgramServiceRevenueGrp/BusinessCd4561000
IRS990/ProgramServiceRevenueGrp/Desc0SERVICE FEES
IRS990/ProgramServiceRevenueGrp/Desc1SSBCI LOAN REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2PROCESSING FEES
IRS990/ProgramServiceRevenueGrp/Desc3SBA PROGRAM FEES/INT
IRS990/ProgramServiceRevenueGrp/Desc4CONSULTING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01063791
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1729400
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2144682
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt333086
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt46000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01063791
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1729400
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2144682
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt333086
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt46000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt0100000
IRS990/PYInvestmentIncomeAmt013877
IRS990/PYOtherExpensesAmt01330056
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01733440
IRS990/PYRevenuesLessExpensesAmt0317261
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01430056
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01747317
IRS990/ReconcilationRevenueExpnssAmt0215179
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01976959
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt06350
IRS990ScheduleD/EquipmentGrp/DepreciationAmt036678
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt043028
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0404290
IRS990ScheduleD/ExpensesSubtotalAmt01362303
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/OtherExpensesNotIncludedAmt0404290
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt043551
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt138200
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt27000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0UNEARNED DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1UNEARNED REVENUES - PA SSBCI FUNDS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2UNEARNED REVENUES - OTHER
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01981772
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FUNDS HELD IN ESCROW INCLUDE INSURANCE PROCEEDS AS STIPULATED BY ESCROW AND LOAN AGREEMENTS. FUNDS WILL BE RELEASED AT THE DISCRETION OF THE SBA.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S PRESENT POLICY IS TO EVALUATE ALL TAX POSITIONS BASED ON EITHER HAVING SUBSTANTIAL AUTHORITY FOR A TAX POSITION TAKEN ON A RETURN OR WHERE SUBSTANTIAL AUTHORITY DOES NOT EXIST, THEN THE ORGANIZATION DISCLOSES THE TAX TREATMENT OF THE ITEM AND ENSURES THAT THERE IS A REASONABLE BASIS FOR THE TREATMENT. THE ORGANIZATION HAS NOT TAKEN TAX POSITIONS FOR ANY YEARS OPEN UNDER THE VARIOUS STATUTES OF LIMITATIONS THAT REQUIRED DISCLOSURE BECAUSE THEY WERE NOT SUPPORTED BY SUBSTANTIAL AUTHORITY. AS OF SEPTEMBER 30, 2015 THE ORGANIZATION BELIEVES THAT ALL TAX POSITIONS TAKEN ON OPEN YEARS ARE SUPPORTED BY SUBSTANTIAL AUTHORITY AND HAS NOT RECOGNIZED TAX POSITIONS UNDER FIN 48 WHICH WOULD REQUIRE MEASUREMENT AND DISCLOSURE.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2ADJUSTMENT FOR RECLASS OF RESTRICTED NET ASSETS 404,290.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06350
IRS990ScheduleD/TotalExpensesPerForm990Amt01766593
IRS990ScheduleD/TotalLiabilityAmt088751
IRS990ScheduleD/TotalRevenuePerForm990Amt01981772
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01981772

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,812,486
Liabilities
$362,581
Net assets
$1,449,905
Revenue
$1,981,772
Expenses
$1,766,593
Net income
$215,179
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$4.28$1.33$2.96$1.64$1.66$0.02
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.13$1.15$2.97$1.65$1.44$0.21
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.53$0.77$2.76$1.61$1.39$0.23
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.89$0.35$2.53$1.83$1.35$0.48
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.32$0.27$2.05$1.32$1.33$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.28$0.22$2.06$1.73$1.39$0.35
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.25$0.54$1.71$1.65$1.36$0.28
2016Detailed filing. Detailed filing data is available for this year.$2.48$1.04$1.43$1.40$1.41$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.81$0.36$1.45$1.98$1.77$0.22
2014Summary only. Only limited summary data is available for this year.$160$159$1.23$1.75$1.43$0.32
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$153$152$0.92$1.49
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$150$149$0.33$1.82
2011Summary only. Only limited summary data is available for this year.$135$135$0.15$1.70$1.66$0.04