Civic Intelligence

2700 Diamond Development Corp

EIN 23-3041374 • 501(c)3 • Philadelphia, PA

Profile

The purpose of the organization is to acquire and rehabilitate real property in philadelphia, pa and operate an 8 unit residence under section 221 of the national housing act.

1415 Fairmount Avenue Rm/Ste 241Philadelphia, PA 19130
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 2021

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2021

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2021

Top Officer Pay

100th percentile

$360,646

Higher top officer pay than 100% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

3rd percentile

-100%

Faster revenue growth than 3% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $182,725 (-100%) from 2020

Liabilities

Down

$0

Down $18,517 (-100%) from 2020

Net Assets

Down

$0

Down $164,208 (-100%) from 2020

Operations
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Down

$0

Down $1,059,123 (-100%) from 2020

Expenses

Down

$164,208

Down $26,671 (-14%) from 2020

Net Income

Down

-$164,208

Down $1,032,452 (-119%) from 2020

Trend Graphs

Balance Sheet Trend

Asset Growth10th percentile

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

$2.0M$1.0M$0-$1.0MAssets 2011: $1,233,515Liabilities 2011: $1,581,623Net Assets 2011: -$348,1082011Assets 2012: $1,163,836Liabilities 2012: $1,579,460Net Assets 2012: -$415,6242012Assets 2013: $1,114,831Liabilities 2013: $1,570,239Net Assets 2013: -$455,4082013Assets 2014: $1,092,651Liabilities 2014: $1,587,260Net Assets 2014: -$494,6092014Assets 2015: $1,030,624Liabilities 2015: $1,570,231Net Assets 2015: -$539,6072015Assets 2016: $1,012,719Liabilities 2016: $1,523,824Net Assets 2016: -$511,1052016Assets 2017: $951,512Liabilities 2017: $1,530,189Net Assets 2017: -$578,6772017Assets 2018: $857,178Liabilities 2018: $1,498,286Net Assets 2018: -$641,1082018Assets 2019: $798,481Liabilities 2019: $1,502,517Net Assets 2019: -$704,0362019Assets 2020: $182,725Liabilities 2020: $18,517Net Assets 2020: $164,2082020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2021

Assets$0
Liabilities$0
Net Assets$0
Open 2021 Filing

Operations Trend

Revenue Growth3rd percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $181,3822011Expenses 2012: $184,0832012Revenue 2013: $131,255Expenses 2013: $171,039Net Income 2013: -$39,7842013Revenue 2014: $146,968Expenses 2014: $186,169Net Income 2014: -$39,2012014Revenue 2015: $146,728Expenses 2015: $191,726Net Income 2015: -$44,9982015Revenue 2016: $233,718Expenses 2016: $205,216Net Income 2016: $28,5022016Revenue 2017: $151,357Expenses 2017: $218,929Net Income 2017: -$67,5722017Revenue 2018: $148,346Expenses 2018: $210,777Net Income 2018: -$62,4312018Revenue 2019: $160,104Expenses 2019: $223,032Net Income 2019: -$62,9282019Revenue 2020: $1,059,123Expenses 2020: $190,879Net Income 2020: $868,2442020Revenue 2021: $0Expenses 2021: $164,208Net Income 2021: -$164,2082021

Highlighted filing

2021

Revenue$0
Expenses$164,208
Net Income-$164,208
Open 2021 Filing

Filings

Most recent year

2021 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$0
Expenses
$164,208
Net income
-$164,208
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.00$0.16$0.16
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.18$0.02$0.16$1.06$0.19$0.87
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.80$1.50$0.70$0.16$0.22$0.06
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.86$1.50$0.64$0.15$0.21$0.06
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.95$1.53$0.58$0.15$0.22$0.07
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.01$1.52$0.51$0.23$0.21$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.03$1.57$0.54$0.15$0.19$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.09$1.59$0.49$0.15$0.19$0.04
2013Detailed filing. Detailed filing data is available for this year.$1.11$1.57$0.46$0.13$0.17$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.16$1.58$0.42$0.18
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.23$1.58$0.35$0.18
Latest Detailed Filing

The latest 2021 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2015 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 7, 2016
Return Version
2015v2.1
Gross Receipts
$146,728
Mission and Program Overview

Mission

The purpose of the organization is to acquire and rehabilitate real property in philadelphia, pa and operate an 8 unit residence under section 221 of the national housing act.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$941,608$886,536▼ $55,072
Cash and Non-Interest-Bearing Accounts$89,692$77,019▼ $12,673
Savings and Temporary Cash Investments$5,117$5,118▲ $1
Prepaid Expenses and Deferred Charges$2,479$1,967▼ $512
Accounts Receivable$195$1,864▲ $1,669
Total Assets$1,092,651$1,030,624▼ $62,027
Other Assets Total$53,560$58,120▲ $4,560
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,550,668$1,550,668→ $0
Accounts Payable and Accrued Expenses$25,464$10,898▼ $14,566
Other Liabilities$8,210$8,663▲ $453
Deferred Revenue$2,918$2▼ $2,916
Total Liabilities$1,587,260$1,570,231▼ $17,029
Net Assets / Fund Balance
Unrestricted Net Assets$-494,609$-539,607▼ $44,998
Total Net Assets Fund Balance$-494,609$-539,607▼ $44,998
Total Liabilities and Net Assets / Fund Balance$1,092,651$1,030,624▼ $62,027

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$865,892$923,907$1,789,799
Other Land Buildings$11,505$27,305$38,810
Equipment$7,662$1,802$9,464
Land$1,477-$1,477
Other Assets Org$7,689--
Compensation and Service Providers
Top Officer Pay100th percentile

Employees

NameTitleOtherTotal
S Mary ScullionVice Preside$96,510$96,510
Charlene TaylorTreasurer$7,061$7,061
Robert DowningSecretary$1$1

Board Members and Trustees

NameTitle
Joan McconnonPresident
Alice HerronDirector
Mike BreenDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$140,692
Program Service Revenue
$4,339
Investment Income
$23
Other Revenue
$1,674
Change in Net Assets
$-44,998

Audited Revenue Reconciliation

Revenue per Audited Statements
$146,728
Total Revenue per Audited Statements
$146,728
Total Revenue per Form 990
$146,728
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$191,726
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$67,566--$67,566
Fees for Services Other$55,245--$55,245
Occupancy$14,045--$14,045
Fees for Services Management$11,077--$11,077
Fees for Services Accounting-$5,000-$5,000
Insurance$3,617--$3,617
Office Expenses$1,766--$1,766
Fees for Services Legal$320--$320
Other Expenses$207--$207
All Other Expenses$50--$50
Advertising$22--$22
Total Functional Expenses$186,726$5,000$0$191,726

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$191,726
Total Expenses per Audited Statements$191,726
Total Expenses per Form 990$191,726
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
S Mary Scullion Joan McconnonDirectorsManagement Fees &No$66,322
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$8,663
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
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
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

“The organization is managed by an affiliate entity, project h.o.m.e., inc., a 501(c)(3) non-profit corporation.”

Form 990, Page 6, Part VI, Line 8B

“Committees of the board do not have the authority to take action on behalf of the board.”

Form 990, Page 6, Part VI, Line 11B

“The form 990 is sent to all board members for their review. Any questions or comments from board members are addressed prior to filing.”

Form 990, Page 6, Part VI, Line 12C

“There is one board meeting each year at which time the board members are required to sign and their statements of any potential or actual conflicts of interest.”

Form 990, Page 6, Part VI, Line 19

“A copy is maintained by the controller for public inspection when requested.”

Filing and Contact Details

Filer

Filer Name
2700 Diamond Development Corp
EIN
23-3041374
Phone
2152327229
Address
1415 FAIRMOUNT AVENUE RM/STE 241, PHILADELPHIA, PA 19130

Signing Officer

Name
Joan Mcconnon
Title
President
Phone
2153206192
Signed
2016-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joan Mcconnon
Formed
2000
Legal Domicile
Pa
Voting Board Members
6
Independent Board Members
3
Employees
0

Preparer

Firm
Fallon & Larsen Llp
Address
1390 STATE ROUTE 36 STE 102, HAZLET, NJ 07730
Preparer
Richard M Larsen
Phone
7328882070
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Contracted labor 55,245 0 0”

Financial Statement Notes

Schedule D, Page 3, Part X

“The corporation is a not-for-profit corporation which is exempt from income taxes under section 501(c)(3) of the internal revenue code (irc). The corporation is not taxed on income derived from its exempt functions. However, the corporation is subject to tax on unrelated business income, which is generated from the corporation's investment income and other activities not related to their stated exempt purposes. The preparation of financial statements in conformity with accounting principles generally accepted in the united states of america requires the corporation to report information regarding its exposure to various tax positions taken by the corporation, including changes to the corporations status as a not-for-profit entity. Federal and state tax authorities generally have the right to examine and audit the previous three years of tax returns filed. The corporation has evaluated its tax positions for all open tax years. Currently, the tax years open and subject to examination by the internal revenue service are the 2012, 2013 and 2014 tax years. The corporation has determined whether any tax positions have met the recognition threshold and have measured the corporation's exposure to those tax positions. Management believes that the corporation has met the requirements to maintain its tax-exempt status, has adequately addressed all relevant tax positions and that there are no unrecorded tax liabilities. Any interest or penalties assessed to the corporation are recorded in operating expenses. No interest or penalties from federal or state tax authorities were recorded in the accompanying financial statements.”

Raw XML AppendixShowing 400 of 456 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
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IRS990/BooksInCareOfDetail/USAddress/CityNm0PHILADELPHIA
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PA
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IRS990/DescribedInSection501c3Ind0true
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IRS990/FeesForServicesOtherGrp/TotalAmt055245
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
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IRS990/Form990PartVIISectionAGrp/PersonNm0JOAN MCCONNON
IRS990/Form990PartVIISectionAGrp/PersonNm1S MARY SCULLION
IRS990/Form990PartVIISectionAGrp/PersonNm2CHARLENE TAYLOR
IRS990/Form990PartVIISectionAGrp/PersonNm3ROBERT DOWNING
IRS990/Form990PartVIISectionAGrp/PersonNm4MIKE BREEN
IRS990/Form990PartVIISectionAGrp/PersonNm5ALICE HERRON
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS INCOME 11,430
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESTRICTED RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2INSURANCE RESERVES
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS A NOT-FOR-PROFIT CORPORATION WHICH IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). THE CORPORATION IS NOT TAXED ON INCOME DERIVED FROM ITS EXEMPT FUNCTIONS. HOWEVER, THE CORPORATION IS SUBJECT TO TAX ON UNRELATED BUSINESS INCOME, WHICH IS GENERATED FROM THE CORPORATION'S INVESTMENT INCOME AND OTHER ACTIVITIES NOT RELATED TO THEIR STATED EXEMPT PURPOSES. THE PREPARATION OF FINANCIAL STATEMENTS IN CONFORMITY WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES THE CORPORATION TO REPORT INFORMATION REGARDING ITS EXPOSURE TO VARIOUS TAX POSITIONS TAKEN BY THE CORPORATION, INCLUDING CHANGES TO THE CORPORATIONS STATUS AS A NOT-FOR-PROFIT ENTITY. FEDERAL AND STATE TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE AND AUDIT THE PREVIOUS THREE YEARS OF TAX RETURNS FILED. THE CORPORATION HAS EVALUATED ITS TAX POSITIONS FOR ALL OPEN TAX YEARS. CURRENTLY, THE TAX YEARS OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE ARE THE 2012, 2013 AND 2014 TAX YEARS. THE CORPORATION HAS DETERMINED WHETHER ANY TAX POSITIONS HAVE MET THE RECOGNITION THRESHOLD AND HAVE MEASURED THE CORPORATION'S EXPOSURE TO THOSE TAX POSITIONS. MANAGEMENT BELIEVES THAT THE CORPORATION HAS MET THE REQUIREMENTS TO MAINTAIN ITS TAX-EXEMPT STATUS, HAS ADEQUATELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THAT THERE ARE NO UNRECORDED TAX LIABILITIES. ANY INTEREST OR PENALTIES ASSESSED TO THE CORPORATION ARE RECORDED IN OPERATING EXPENSES. NO INTEREST OR PENALTIES FROM FEDERAL OR STATE TAX AUTHORITIES WERE RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JOAN MCCONNON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0S MARY SCULLION JOAN MCCONNON
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0DIRECTORS
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0MANAGEMENT FEES &
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1& REIMB EXPENSES
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS MANAGED BY AN AFFILIATE ENTITY, PROJECT H.O.M.E., INC., A 501(C)(3) NON-PROFIT CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COMMITTEES OF THE BOARD DO NOT HAVE THE AUTHORITY TO TAKE ACTION ON BEHALF OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS SENT TO ALL BOARD MEMBERS FOR THEIR REVIEW. ANY QUESTIONS OR COMMENTS FROM BOARD MEMBERS ARE ADDRESSED PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THERE IS ONE BOARD MEETING EACH YEAR AT WHICH TIME THE BOARD MEMBERS ARE REQUIRED TO SIGN AND THEIR STATEMENTS OF ANY POTENTIAL OR ACTUAL CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A COPY IS MAINTAINED BY THE CONTROLLER FOR PUBLIC INSPECTION WHEN REQUESTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CONTRACTED LABOR 55,245 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
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