Civic Intelligence

Chestnut Hill Community Fund

990 • Fiscal year 2019 • EIN 23-7182955

Apr 01, 2018 to Mar 31, 2019 • Filed on Dec 12, 2019

8434 Germantown AvenuePhiladelphia, PA 19118

(215) 248-8810

Siviq Scores

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

Liabilities / Assets

40th percentile

0.04x

Higher debt load relative to assets than 40% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

79th percentile

0.48x

Higher debt load relative to revenue than 79% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

79th percentile

22%

Higher net margin than 79% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

43rd percentile

1.0%

Faster asset growth than 43% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

4th percentile

-59%

Faster revenue growth than 4% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$1,243,461

Up $103,228 (+9.1%) from 2017

Net Assets

Up

$1,196,696

Up $88,605 (+8.0%) from 2017

Liabilities

Up

$46,765

Up $14,623 (+45%) from 2017

Revenue

Up

$97,435

Up $44,780 (+85%) from 2017

Expenses

Down

$75,773

Down $104,177 (-58%) from 2017

Net Income

Up

$21,662

Up $148,957 (+117%) from 2017

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2012: $1,058,380Liabilities 2012: $8,791Net Assets 2012: $1,049,5892012Assets 2016: $1,215,783Liabilities 2016: $45,186Net Assets 2016: $1,170,5972016Assets 2017: $1,140,233Liabilities 2017: $32,142Net Assets 2017: $1,108,0912017Assets 2019: $1,243,461Liabilities 2019: $46,765Net Assets 2019: $1,196,6962019Assets 2020: $1,199,163Liabilities 2020: $48,543Net Assets 2020: $1,150,6202020Assets 2021: $1,461,622Liabilities 2021: $78,063Net Assets 2021: $1,383,5592021Assets 2022: $1,380,506Liabilities 2022: $17,478Net Assets 2022: $1,363,0282022Assets 2025: $1,429,340Liabilities 2025: $30,937Net Assets 2025: $1,398,4032025

Highlighted filing

2019

Assets$1,243,461
Liabilities$46,765
Net Assets$1,196,696

Operations Trend

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

$400K$200K$0-$200KExpenses 2012: $174,2052012Revenue 2016: $213,390Expenses 2016: $351,993Net Income 2016: -$138,6032016Revenue 2017: $52,655Expenses 2017: $179,950Net Income 2017: -$127,2952017Revenue 2019: $97,435Expenses 2019: $75,773Net Income 2019: $21,6622019Revenue 2020: $88,175Expenses 2020: $59,201Net Income 2020: $28,9742020Revenue 2021: $112,094Expenses 2021: $136,067Net Income 2021: -$23,9732021Revenue 2022: $90,881Expenses 2022: $139,160Net Income 2022: -$48,2792022Revenue 2025: $247,631Expenses 2025: $322,292Net Income 2025: -$74,6612025

Highlighted filing

2019

Revenue$97,435
Expenses$75,773
Net Income$21,662
Jump To
Filing Snapshot
Filing Period
Apr 1, 2018 to Mar 31, 2019
Signed
Dec 12, 2019
Return Version
2018v3.1
Gross Receipts
$223,520
Mission and Program Overview

Mission

The sole purpose of the organization is to assist in the improvement of the quality of life within the chestnut hill section of philadelphia, pennsylvania.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$758,460$755,522▼ $2,938
Land, Buildings, and Equipment, Net$217,717$219,786▲ $2,069
Cash and Non-Interest-Bearing Accounts$122,120$135,289▲ $13,169
Savings and Temporary Cash Investments$130,341$111,771▼ $18,570
Prepaid Expenses and Deferred Charges$0$11,277▲ $11,277
Pledges and Grants Receivable$2,942$9,816▲ $6,874
Total Assets$1,231,580$1,243,461▲ $11,881
Liabilities
Other Liabilities$45,709$41,265▼ $4,444
Accounts Payable and Accrued Expenses$0$5,500▲ $5,500
Total Liabilities$45,709$46,765▲ $1,056
Net Assets / Fund Balance
Unrestricted Net Assets$1,057,181$1,087,121▲ $29,940
Temporarily Rstr Net Assets$74,843$63,947▼ $10,896
Permanently Rstr Net Assets$53,847$45,628▼ $8,219
Total Net Assets Fund Balance$1,185,871$1,196,696▲ $10,825
Total Liabilities and Net Assets / Fund Balance$1,231,580$1,243,461▲ $11,881

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$215,565$156,238$371,803
Buildings$0$184,629$184,629
Equipment$4,221$16,205$20,426
Other Land Buildings$0--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$53,847-▲ $1,633-$45,628
2017$53,911-▲ $4,020-$53,847
2016$48,000-▲ $5,911-$53,911
2015$50,422-▲ $199-$48,000
2014$50,468-▲ $2,299-$50,422
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,129
Program Service Revenue
$0
Investment Income
$46,800
Other Revenue
$49,506
All Other Contributions
$1,129
Change in Net Assets
$21,662
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$75,773
Total Fundraising Expense$13,031
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management-$28,500-$28,500
Fees for Services Accounting-$7,800-$7,800
Fees for Service Investment Mgmnt Fees-$7,245-$7,245
Fees for Services Legal-$5,500-$5,500
Office Expenses-$352-$352
Other Expenses$134$3,359$13,031$134
Total Functional Expenses$9,986$52,756$13,031$75,773
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

Other Reported Liabilities

LiabilityAmount
Security Deposits$33,119
Due to Affiliate$8,146
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The trustees are divided into three classes, each as equal in number as possible, whose terms of office expire successively each year, so that one new class of trustees shall be elected each year, the trustees elected each year (unless elected to fill a vacancy) to serve for a term of three years and until their successors are elected and qualified. Each new class of trustees shall be elected by the board of directors of the association at its first regular meeting after the annual meeting of the members of the association.

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

Form 990 will be reviewed by the trustees before the form is filed.

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

The organization regularly and consistently monitors and enforces compliance with the policy by an annual disclosure form which is signed by all trustees and members of any committees with governing board delegated powers.

Form 990, Part VI, Section C, Line 19

The fund makes the financial information available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Chestnut Hill Community Fund
EIN
23-7182955
Phone
2152488810
Address
8434 GERMANTOWN AVENUE, PHILADELPHIA, PA 19118

Signing Officer

Name
Ellen Williams
Title
President
Phone
2152488810
Signed
2019-12-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ellen Williams
Formed
1972
Legal Domicile
Pa
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
St Clair Cpas Pc
Address
101 W ELM STREET STE 500, CONSHOHOCKEN, PA 19428
Preparer
Alan B Gubernick CPA
Phone
6108621998
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

Chestnut hill community fund stopped paying grants on behalf of chestnut hill community association and the program services basically stopped.

Financial Statement Notes

PART V, LINE 4:

The purpose of the endowment funds are to improve the quality of life, primarily within the area commonly known as chestnut hill. The past years board restricted funds were lumped in with endowment funds incorrectly. There is only one endowment fund and the revised correct amounts are shown in part v, endowment funds.

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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0197404
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0424214
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0184629
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0184629
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt09852
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt053847
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt045628
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt01633
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt04084
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt053911
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt053847
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt04020
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt048000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt053911
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt05911
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt02621
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt050422
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt048000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0199
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt02345
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt050468
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt050422
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02299
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt04221
IRS990ScheduleD/EquipmentGrp/DepreciationAmt016205
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt020426
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0215565
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0156238
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0371803
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt033119
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt18146
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO AFFILIATE
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE PURPOSE OF THE ENDOWMENT FUNDS ARE TO IMPROVE THE QUALITY OF LIFE, PRIMARILY WITHIN THE AREA COMMONLY KNOWN AS CHESTNUT HILL. THE PAST YEARS BOARD RESTRICTED FUNDS WERE LUMPED IN WITH ENDOWMENT FUNDS INCORRECTLY. THERE IS ONLY ONE ENDOWMENT FUND AND THE REVISED CORRECT AMOUNTS ARE SHOWN IN PART V, ENDOWMENT FUNDS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0219786
IRS990ScheduleD/TotalLiabilityAmt041265
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CHESTNUT HILL COMMUNITY FUND STOPPED PAYING GRANTS ON BEHALF OF CHESTNUT HILL COMMUNITY ASSOCIATION AND THE PROGRAM SERVICES BASICALLY STOPPED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TRUSTEES ARE DIVIDED INTO THREE CLASSES, EACH AS EQUAL IN NUMBER AS POSSIBLE, WHOSE TERMS OF OFFICE EXPIRE SUCCESSIVELY EACH YEAR, SO THAT ONE NEW CLASS OF TRUSTEES SHALL BE ELECTED EACH YEAR, THE TRUSTEES ELECTED EACH YEAR (UNLESS ELECTED TO FILL A VACANCY) TO SERVE FOR A TERM OF THREE YEARS AND UNTIL THEIR SUCCESSORS ARE ELECTED AND QUALIFIED. EACH NEW CLASS OF TRUSTEES SHALL BE ELECTED BY THE BOARD OF DIRECTORS OF THE ASSOCIATION AT ITS FIRST REGULAR MEETING AFTER THE ANNUAL MEETING OF THE MEMBERS OF THE ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 WILL BE REVIEWED BY THE TRUSTEES BEFORE THE FORM IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE POLICY BY AN ANNUAL DISCLOSURE FORM WHICH IS SIGNED BY ALL TRUSTEES AND MEMBERS OF ANY COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FUND MAKES THE FINANCIAL INFORMATION AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0231580703
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0PA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0THE TRUSTEES OF THE FUND ARE ELECTED BY CHCA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0CHESNUT HILL COMMUNITY ASSOCIATION (CHCA)
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt08434 GERMANTOWN AVENUE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0PHILADELPHIA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0PA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd019118
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd01
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd01
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd01
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd01
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0PA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt074843
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt063947
IRS990/TempOrPermanentEndowmentsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01231580
IRS990/TotalAssetsEOYAmt01243461
IRS990/TotalAssetsGrp/BOYAmt01231580
IRS990/TotalAssetsGrp/EOYAmt01243461
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01129
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt013031
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt052756
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt09986
IRS990/TotalFunctionalExpensesGrp/TotalAmt075773
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt045709
IRS990/TotalLiabilitiesEOYAmt046765
IRS990/TotalLiabilitiesGrp/BOYAmt045709
IRS990/TotalLiabilitiesGrp/EOYAmt046765
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01185871
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01196696
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt09986
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt096306
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt097435
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01231580
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01243461
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01057181
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01087121
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt08434 GERMANTOWN AVENUE

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