Civic Intelligence

Overmont Corp

EIN 23-1922689 • 501(c)3 • Philadelphia, PA

Profile

Housing for the elderly and physically disabled individuals

4001 Monument RoadPhiladelphia, PA 19131

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

94th percentile

1.00x

Higher debt load relative to assets than 94% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Liabilities / Revenue

97th percentile

9.98x

Higher debt load relative to revenue than 97% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Net Margin

6th percentile

-45%

Higher net margin than 6% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

15th percentile

-4.5%

Faster asset growth than 15% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Revenue Growth

44th percentile

4.7%

Faster revenue growth than 44% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Assets

Down

$35,485,411

Down $1,675,231 (-4.5%) from 2024

Liabilities

Down

$35,656,446

Down $84,168 (-0.2%) from 2024

Net Assets

Down

-$171,035

Down $1,591,063 (-112%) from 2024

Revenue

Up

$3,573,017

Up $161,492 (+4.7%) from 2024

Expenses

Up

$5,164,080

Up $111,861 (+2.2%) from 2024

Net Income

Up

-$1,591,063

Up $49,631 (+3.0%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0-$20MAssets 2011: $3,375,688Liabilities 2011: $1,402,942Net Assets 2011: $1,972,7462011Assets 2012: $3,585,789Liabilities 2012: $1,103,520Net Assets 2012: $2,482,2692012Assets 2013: $3,889,190Liabilities 2013: $905,985Net Assets 2013: $2,983,2052013Assets 2014: $4,023,802Liabilities 2014: $616,517Net Assets 2014: $3,407,2852014Assets 2015: $4,325,878Liabilities 2015: $341,055Net Assets 2015: $3,984,8232015Assets 2016: $4,661,819Liabilities 2016: $216,709Net Assets 2016: $4,445,1102016Assets 2017: $4,341,664Liabilities 2017: $174,664Net Assets 2017: $4,167,0002017Assets 2018: $3,349,321Liabilities 2018: $256,993Net Assets 2018: $3,092,3282018Assets 2019: $36,794,037Liabilities 2019: $24,577,549Net Assets 2019: $12,216,4882019Assets 2020: $37,520,060Liabilities 2020: $26,467,681Net Assets 2020: $11,052,3792020Assets 2021: $44,098,466Liabilities 2021: $35,133,491Net Assets 2021: $8,964,9752021Assets 2022: $42,281,372Liabilities 2022: $36,685,716Net Assets 2022: $5,595,6562022Assets 2023: $39,985,664Liabilities 2023: $36,924,942Net Assets 2023: $3,060,7222023Assets 2024: $37,160,642Liabilities 2024: $35,740,614Net Assets 2024: $1,420,0282024Assets 2025: $35,485,411Liabilities 2025: $35,656,446Net Assets 2025: -$171,0352025

Highlighted filing

2025

Assets$35,485,411
Liabilities$35,656,446
Net Assets-$171,035

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2011: $2,144,4782011Expenses 2012: $1,998,8672012Expenses 2013: $2,049,0932013Revenue 2014: $2,592,851Expenses 2014: $2,168,771Net Income 2014: $424,0802014Revenue 2015: $2,632,830Expenses 2015: $2,055,292Net Income 2015: $577,5382015Revenue 2016: $2,516,733Expenses 2016: $2,056,446Net Income 2016: $460,2872016Revenue 2017: $1,962,826Expenses 2017: $2,240,936Net Income 2017: -$278,1102017Revenue 2018: $100,692Expenses 2018: $1,175,364Net Income 2018: -$1,074,6722018Revenue 2019: $316,258Expenses 2019: $1,787,390Net Income 2019: -$1,471,1322019Revenue 2020: $222,321Expenses 2020: $1,429,036Net Income 2020: -$1,206,7152020Revenue 2021: $56,199Expenses 2021: $2,143,603Net Income 2021: -$2,087,4042021Revenue 2022: $1,214,645Expenses 2022: $4,583,964Net Income 2022: -$3,369,3192022Revenue 2023: $2,237,351Expenses 2023: $4,772,285Net Income 2023: -$2,534,9342023Revenue 2024: $3,411,525Expenses 2024: $5,052,219Net Income 2024: -$1,640,6942024Revenue 2025: $3,573,017Expenses 2025: $5,164,080Net Income 2025: -$1,591,0632025

Highlighted filing

2025

Revenue$3,573,017
Expenses$5,164,080
Net Income-$1,591,063

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$35.5$35.7$0.17$3.57$5.16$1.59
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.2$35.7$1.42$3.41$5.05$1.64
2023Summary only. Only limited summary data is available for this year.$40.0$36.9$3.06$2.24$4.77$2.53
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$42.3$36.7$5.60$1.21$4.58$3.37
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$44.1$35.1$8.96$0.06$2.14$2.09
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$37.5$26.5$11.1$0.22$1.43$1.21
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$36.8$24.6$12.2$0.32$1.79$1.47
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.35$0.26$3.09$0.10$1.18$1.07
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.34$0.17$4.17$1.96$2.24$0.28
2016Detailed filing. Detailed filing data is available for this year.$4.66$0.22$4.45$2.52$2.06$0.46
2015Summary only. Only limited summary data is available for this year.$4.33$0.34$3.98$2.63$2.06$0.58
2014Summary only. Only limited summary data is available for this year.$4.02$0.62$3.41$2.59$2.17$0.42
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.89$0.91$2.98$2.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.59$1.10$2.48$2.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.38$1.40$1.97$2.14
Latest Detailed Filing

The latest 2025 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2024 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 12, 2025
Return Version
2023v6.0
Gross Receipts
$3,411,525
Mission and Program Overview

Mission

Housing for the elderly and physically disabled individuals

Provides housing for students attending philadelphia college of osteopathic medicine (pcom).

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$38,899,626$36,396,461▼ $2,503,165
Cash and Non-Interest-Bearing Accounts$916,050$593,482▼ $322,568
Prepaid Expenses and Deferred Charges$168,306$149,901▼ $18,405
Accounts Receivable$1,625$20,569▲ $18,944
Savings and Temporary Cash Investments$57$229▲ $172
Total Assets$39,985,664$37,160,642▼ $2,825,022
Liabilities
Tax Exempt Bond Liabilities$22,424,250$21,880,687▼ $543,563
Accounts Payable and Accrued Expenses$14,434,592$13,831,494▼ $603,098
Deferred Revenue$66,100$28,433▼ $37,667
Total Liabilities$36,924,942$35,740,614▼ $1,184,328
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,060,722$1,420,028▼ $1,640,694
Total Net Assets Fund Balance$3,060,722$1,420,028▼ $1,640,694
Total Liabilities and Net Assets / Fund Balance$39,985,664$37,160,642▼ $2,825,022

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$22,074,678$13,263,920$35,338,598
Equipment$11,511,588$4,149,212$15,660,800
Land$2,750,000-$2,750,000
Other Land Buildings$60,195$37,362$97,557
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kenneth J Veit DoPresident
Peter Doulis CPAExecutive VP and CFO (until 06/24)
David F SimonSecretary (until 06/24)
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,381,632
Investment Income
$27,166
Other Revenue
$2,727
Change in Net Assets
$-1,640,694
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,052,219
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$2,534,474--$2,534,474
Occupancy-$1,377,540-$1,377,540
Interest$822,319--$822,319
Fees for Services Management-$144,373-$144,373
Insurance-$111,176-$111,176
Advertising-$22,162-$22,162
Travel-$21,006-$21,006
Office Expenses-$11,669-$11,669
Fees for Services Accounting-$5,996-$5,996
Fees for Services Legal-$1,504-$1,504
Total Functional Expenses$3,356,793$1,695,426$0$5,052,219
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
APhiladelphia Authority for Industrial Development2018-08-29$24,924,239Renovate, repurpose and convert building into student housing

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$24,924,239-$2,994,989$344,249

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
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
Yes
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 2

All compensated officers have a business relationship with each other because they are all employed by a related organization of which they also serve as officers.

Form 990, Part VI, Section A, Line 3

Delegation of control over management duties: overmont corporation is managed by pcom providing certain advisory, consulting, administrative, and other necessary services needed in order to support the business operations.

Form 990, Part VI, Section A, Line 6

Members or stockholders: overmont corporation is a wholly owned subsidiary of pcom, its sole member.

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

Powers of sole member: overmont's sole member, pcom, has the power to appoint members of overmont's governing body. Pcom has the authority to make governance decisions for overmont since overmont board of directors is comprised entirely of directors and officers of pcom.

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

See description for form 990, part vi, line 7a

Form 990, Part VI, Section A, Line 8B

Documentation of meetings: the organization does not have any committees with the authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11B

The form 990 is prepared by an independent tax consultant with information provided by management. The form 990 is provided to the entire board of directors for review and approval.

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

Conflict of interest policy: an annual questionnaire and disclosure form was developed by pcom's external legal counsel. The questionnaire is sent out to all officers and directors every july 1. After they are all signed and returned, the questionnaires are reviewed by pcom's ceo and cfo. Any reportable conflicts are then sent to pcom audit committee for resolution.

Form 990, Part VI, Section C, Line 19

How documents are made available to the public: the organization makes its governing documents and financial statements available to the public by completing form sf-sac and submitting a single audit reporting package in the internet data entry system of the federal audit clearinghouse. All input data is provided to the public through a data dissemination/query system at the federal audit clearinghouse website.

Filing and Contact Details

Filer

Filer Name
Overmont Corporation
EIN
23-1922689
Phone
2158716901
Address
4001 MONUMENT ROAD, PHILADELPHIA, PA 19131
Doing Business As
Meta Christy House

Signing Officer

Name
Dallas a Grundy
Title
VP Finance/CFO/treasurer
Phone
2158716901
Signed
2025-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dallas a Grundy
Formed
1965
Legal Domicile
Pa
Voting Board Members
3
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Cliftonlarsonallen Llp
Address
TWO INTERNATIONAL PLACE 22ND FLOOR, BOSTON, MA 02110
Preparer
Laura J Kenney
Phone
6177170831
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Fin 48 overmont corporation is a not-for-profit corporation as described in section 501(c)(3) of the internal revenue code and is exempt from federal income taxes on related income pursuant to section 501(a) of the internal revenue code. The statute of limitations on the organization's u.s. Federal information returns remains open for three years following the year they are filed. U.s. Gaap requires that a tax position be recognized or derecognized based on a "more-likely-than-not" threshold. This applies to positions taken or expected to be taken in a tax return. The organization does not believe its consolidated financial statements include any uncertain tax positions.

Raw XML AppendixShowing 400 of 579 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
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IRS990/ActivityOrMissionDesc0PROVIDES HOUSING FOR STUDENTS ATTENDING PHILADELPHIA COLLEGE OF OSTEOPATHIC MEDICINE (PCOM).
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1EXECUTIVE VP AND CFO (UNTIL 06/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY (UNTIL 06/24)
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IRS990/ReportOtherLiabilitiesInd00
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME - 2019 AMOUNT: $ 301. 2020 AMOUNT: $ 30. 2021 AMOUNT: $ 2,721. 2022 AMOUNT: $ 13,887. 2023 AMOUNT: $ 2,727.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1OTHER INCOME CONSISTS OF LEASE CANCELLATION FEES, APPLICATION FEES, LATE FEES, DAMAGE FEES, SHORT TERM RENTAL FEES, AND OTHER MISCELLANEOUS FEE INCOME.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1SCHEDULE A, PART III, LINE 12
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt056199
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0222321
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt07142041
IRS990/ScheduleBRequiredInd00
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt013263920
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt035338598
IRS990ScheduleD/EquipmentGrp/BookValueAmt011511588
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04149212
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02750000
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt037362
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt097557
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FIN 48 OVERMONT CORPORATION IS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE INTERNAL REVENUE CODE. THE STATUTE OF LIMITATIONS ON THE ORGANIZATION'S U.S. FEDERAL INFORMATION RETURNS REMAINS OPEN FOR THREE YEARS FOLLOWING THE YEAR THEY ARE FILED. U.S. GAAP REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE-LIKELY-THAN-NOT" THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION DOES NOT BELIEVE ITS CONSOLIDATED FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt036396461
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt1100000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt295000
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1514163
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2389757
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt20
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KENNETH J VEIT DO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1PETER DOULIS CPA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2DAVID F SIMON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1EXECUTIVE VP AND CFO (UNTIL 06/24)
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2SECRETARY (UNTIL 06/24)
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
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IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE OFFICERS OF OVERMONT WERE COMPENSATED BY A RELATED ORGANIZATION. THE RELATED ORGANIZATION USED THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE COMPENSATION COMMITTEE.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd01
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0RELATED TAX EXEMPT ENTITIES PHILADELPHIA COLLEGE OF OSTEOPATHIC MEDICINE AND PHILADELPHIA COLLEGE OF OSTEOPATHIC MEDICINE FOUNDATION ARE CO-BORROWERS ON THIS OBLIGATION.
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE K, PART I
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IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd01
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02018-08-29
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum071781XFFS
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0PHILADELPHIA AUTHORITY FOR INDUSTRIAL DEVELOPMENT
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd01
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0RENOVATE, REPURPOSE AND CONVERT BUILDING INTO STUDENT HOUSING
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd00
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IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL COMPENSATED OFFICERS HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER BECAUSE THEY ARE ALL EMPLOYED BY A RELATED ORGANIZATION OF WHICH THEY ALSO SERVE AS OFFICERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DELEGATION OF CONTROL OVER MANAGEMENT DUTIES: OVERMONT CORPORATION IS MANAGED BY PCOM PROVIDING CERTAIN ADVISORY, CONSULTING, ADMINISTRATIVE, AND OTHER NECESSARY SERVICES NEEDED IN ORDER TO SUPPORT THE BUSINESS OPERATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS OR STOCKHOLDERS: OVERMONT CORPORATION IS A WHOLLY OWNED SUBSIDIARY OF PCOM, ITS SOLE MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3POWERS OF SOLE MEMBER: OVERMONT'S SOLE MEMBER, PCOM, HAS THE POWER TO APPOINT MEMBERS OF OVERMONT'S GOVERNING BODY. PCOM HAS THE AUTHORITY TO MAKE GOVERNANCE DECISIONS FOR OVERMONT SINCE OVERMONT BOARD OF DIRECTORS IS COMPRISED ENTIRELY OF DIRECTORS AND OFFICERS OF PCOM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SEE DESCRIPTION FOR FORM 990, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DOCUMENTATION OF MEETINGS: THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE FORM 990 IS PREPARED BY AN INDEPENDENT TAX CONSULTANT WITH INFORMATION PROVIDED BY MANAGEMENT. THE FORM 990 IS PROVIDED TO THE ENTIRE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7CONFLICT OF INTEREST POLICY: AN ANNUAL QUESTIONNAIRE AND DISCLOSURE FORM WAS DEVELOPED BY PCOM'S EXTERNAL LEGAL COUNSEL. THE QUESTIONNAIRE IS SENT OUT TO ALL OFFICERS AND DIRECTORS EVERY JULY 1. AFTER THEY ARE ALL SIGNED AND RETURNED, THE QUESTIONNAIRES ARE REVIEWED BY PCOM'S CEO AND CFO. ANY REPORTABLE CONFLICTS ARE THEN SENT TO PCOM AUDIT COMMITTEE FOR RESOLUTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8HOW DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC: THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY COMPLETING FORM SF-SAC AND SUBMITTING A SINGLE AUDIT REPORTING PACKAGE IN THE INTERNET DATA ENTRY SYSTEM OF THE FEDERAL AUDIT CLEARINGHOUSE. ALL INPUT DATA IS PROVIDED TO THE PUBLIC THROUGH A DATA DISSEMINATION/QUERY SYSTEM AT THE FEDERAL AUDIT CLEARINGHOUSE WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2

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