Civic Intelligence

4261 Corporation

EIN 23-3023304 • 501(c)2

Profile

Management of property rented to a charter school and other non-profit organizations, contributing to the economic development of the surrounding community

4261 North 5th StreetSuite19140

n/A

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2014

Liabilities / Revenue

29th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)2 • $1M-$5M nonprofits • Source year 2014

Net Margin

10th percentile

-110%

Higher net margin than 10% of similar nonprofits.

501(c)2 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

89th percentile

$313,907

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 19.2% of source-year revenue.

501(c)2 • $1M-$5M nonprofits • Source year 2014

Asset Growth

4th percentile

-100%

Faster asset growth than 4% of similar nonprofits.

501(c)2 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $20,231,570 (-100%) from 2013

Liabilities

Down

$0

Down $12,197,670 (-100%) from 2013

Net Assets

Down

$0

Down $8,033,900 (-100%) from 2013

Operations
Liabilities / Revenue29th percentileNet Margin10th percentile

Revenue

$1,633,495

No earlier filing loaded for comparison.

Expenses

Up

$3,435,574

Up $1,625,153 (+90%) from 2013

Net Income

-$1,802,079

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset Growth4th percentile

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

$30M$20M$10M$0Assets 2011: $15,844,488Liabilities 2011: $10,915,261Net Assets 2011: $4,929,2272011Assets 2012: $17,710,652Liabilities 2012: $11,854,952Net Assets 2012: $5,855,7002012Assets 2013: $20,231,570Liabilities 2013: $12,197,670Net Assets 2013: $8,033,9002013Assets 2014: $0Liabilities 2014: $0Net Assets 2014: $02014

Highlighted filing

2014

Assets$0
Liabilities$0
Net Assets$0
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$4.0M$2.0M$0-$2.0MExpenses 2011: $2,559,9532011Expenses 2012: $2,058,5872012Expenses 2013: $1,810,4212013Revenue 2014: $1,633,495Expenses 2014: $3,435,574Net Income 2014: -$1,802,0792014

Highlighted filing

2014

Revenue$1,633,495
Expenses$3,435,574
Net Income-$1,802,079
Open 2014 Filing

Filings

Most recent year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$1,633,495
Expenses
$3,435,574
Net income
-$1,802,079
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2014Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$1.63$3.44$1.80
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.2$12.2$8.03$1.81
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.7$11.9$5.86$2.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.8$10.9$4.93$2.56
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Feb 11, 2015
Return Version
2013v4.0
Gross Receipts
$1,633,495
Mission and Program Overview

Mission

Management of property rented to a charter school and other non-profit organizations, contributing to the economic development of the surrounding community

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$15,084,181--
Accounts Receivable$1,102,977$0▼ $1,102,977
Cash and Non-Interest-Bearing Accounts$326,867$0▼ $326,867
Savings and Temporary Cash Investments$25,500$0▼ $25,500
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$20,231,570$0▼ $20,231,570
Other Assets Total$3,692,045$0▼ $3,692,045
Liabilities
Mortgage Notes Payable Secured by Investment Property$10,924,750$0▼ $10,924,750
Other Liabilities$1,228,980$0▼ $1,228,980
Accounts Payable and Accrued Expenses$43,940$0▼ $43,940
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$12,197,670$0▼ $12,197,670
Net Assets / Fund Balance
Unrestricted Net Assets$8,033,900$0▼ $8,033,900
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$8,033,900$0▼ $8,033,900
Total Liabilities and Net Assets / Fund Balance$20,231,570$0▼ $20,231,570
Compensation and Service Providers
Top Officer Pay89th percentile

Board Members and Trustees

NameTitle
Rev Luis a Cortes JrChairperson
Arthur HaywoodSecretary & Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$381,733
Program Service Revenue
$1,225,173
Investment Income
$3,563
Other Revenue
$23,026
Change in Net Assets
$-1,802,079

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,633,495
Total Revenue per Audited Statements
$1,633,495
Total Revenue per Form 990
$1,633,495
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,435,574
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
Other Expenses$2,564,811--$2,564,811
Depreciation Depletion$321,047--$321,047
Interest$278,985--$278,985
Occupancy$137,999--$137,999
Fees for Services Management$1,014$98,933-$99,947
Insurance$29,755--$29,755
Travel$1,648--$1,648
Office Expenses$902--$902
Fees for Services Legal$480--$480
Total Functional Expenses$3,336,641$98,933$0$3,435,574

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,435,574
Total Expenses per Audited Statements$3,435,574
Total Expenses per Form 990$3,435,574
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

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Parties$0
Escrow Deposits$0
Interest Rate Swap at Fmv$0
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990 Part VI Section B Line 11B

“The board of directors reviews the form 990. It is distributed to the board at least 10 days prior to filing.”

Form 990 Part VI Section B Line 12A-C

“All board members are reviewed and monitored on an annual basis - these activities can currently be monitored and evaluated on specific case by case basis.”

Form 990 Part VI Section C Line 19

“All required public notices are made in local newspapers and all public records are on site and available for review.”

Filing and Contact Details

Filer

EIN
23-3023304
In Care Of
% 4261 CORPORATION
Phone
2153240746

Signing Officer

Name
William J Hopkins
Title
SVP of Fin
Phone
2153240746
Signed
2015-02-11
Discuss with paid preparer
Yes

Organization Details

Formed
1999
Legal Domicile
Pa
Voting Board Members
1
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Preparer
Eric M Strauss
Phone
2153240746
Supplemental Narrative

Additional Explanations

Form 990 Pt III, Question 3

“As of december 31, 2013, the operations including all assets and liabilities were transfered to 199 hunting park corporation.”

Financial Statement Notes

Schedule D Part X Line 2

“4261 corp is exempt from federal income taxes under section 501(c)(2) of the internal revenue code. Accordingly, the financial statements do not reflect a provision for federal income taxes. 4261 corp adopted the pronouncement related to income taxes effective july 1, 2009 and there were no uncertain tax positions at the date of adoption or at june 30, 2014. There are no open tax years prior to 2011. In addition, 4261 corp had no income tax related penalties or interest for the year reported in these financial statements.”

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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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt04261 CORP IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(2) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, THE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR FEDERAL INCOME TAXES. 4261 CORP ADOPTED THE PRONOUNCEMENT RELATED TO INCOME TAXES EFFECTIVE JULY 1, 2009 AND THERE WERE NO UNCERTAIN TAX POSITIONS AT THE DATE OF ADOPTION OR AT JUNE 30, 2014. THERE ARE NO OPEN TAX YEARS PRIOR TO 2011. IN ADDITION, 4261 CORP HAD NO INCOME TAX RELATED PENALTIES OR INTEREST FOR THE YEAR REPORTED IN THESE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D PART X LINE 2
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IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleD/TotalRevenuePerForm990Amt01633495
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0REV LUIS A CORTES JR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1ARTHUR HAYWOOD
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1SECRETARY & TREASURER
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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0ALL ASSETS & LIABILITIES OF ORGANIZATION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02013-12-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0264300365
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt06231821
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501(C)(3)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0COST
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm0199 HUNTING PARK
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine104261 NORTH 5TH STREET
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/City0PHILADELPHIA
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/State0PA
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS REVIEWS THE FORM 990. IT IS DISTRIBUTED TO THE BOARD AT LEAST 10 DAYS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL BOARD MEMBERS ARE REVIEWED AND MONITORED ON AN ANNUAL BASIS - THESE ACTIVITIES CAN CURRENTLY BE MONITORED AND EVALUATED ON SPECIFIC CASE BY CASE BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL REQUIRED PUBLIC NOTICES ARE MADE IN LOCAL NEWSPAPERS AND ALL PUBLIC RECORDS ARE ON SITE AND AVAILABLE FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AS OF DECEMBER 31, 2013, THE OPERATIONS INCLUDING ALL ASSETS AND LIABILITIES WERE TRANSFERED TO 199 HUNTING PARK CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 PART VI SECTION B LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990 PART VI SECTION B LINE 12A-C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990 PART VI SECTION C LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990 PT III, QUESTION 3
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10NUEVA ESPERANZA INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine11NUEVA ESPERANZA HOUSING & ECONOMIC DEV
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine12ESPERANZA IMMIGRATION LEGAL SERVICES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine13NUEVA ESPERANZA ACADEMY CHARTER SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine14199 HUNTING PARK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine154530 CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine16ARTISTAS Y MUSICOS LATINO AMERICANOS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine17300 BRISTOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine18ESPERANZA CYBER CHARTER SCHOOL
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