Civic Intelligence

Pennshaw Estates Inc

990 • Fiscal year 2014 • EIN 25-1355177

Nov 01, 2013 to Oct 31, 2014 • Filed on Feb 18, 2015

357 Lincoln Highway15137

(412) 823-9200

Siviq Scores

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

Liabilities / Assets

96th percentile

1.20x

Higher debt load relative to assets than 96% of similar nonprofits.

2014 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

96th percentile

3.63x

Higher debt load relative to revenue than 96% of similar nonprofits.

2014 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2014

Net Margin

23rd percentile

-7.1%

Higher net margin than 23% of similar nonprofits.

2014 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

67th percentile

$0

Higher top officer pay than 67% of similar nonprofits.

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

2014 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2014

Asset Growth

22nd percentile

-4.9%

Faster asset growth than 22% of similar nonprofits.

2014 filings • 501(c)4 • $500k-$1M 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

Assets

Down

$960,266

Down $49,916 (-4.9%) from 2013

Net Assets

Down

-$190,319

Down $22,587 (-13%) from 2013

Liabilities

Down

$1,150,585

Down $27,329 (-2.3%) from 2013

Revenue

$317,166

No earlier filing loaded for comparison.

Expenses

Down

$339,753

Down $6,445 (-1.9%) from 2013

Net Income

-$22,587

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500K-$1.0MAssets 2010: $1,142,967Liabilities 2010: $1,211,464Net Assets 2010: -$68,4972010Assets 2011: $1,094,477Liabilities 2011: $1,198,447Net Assets 2011: -$103,9702011Assets 2012: $1,057,267Liabilities 2012: $1,182,234Net Assets 2012: -$124,9672012Assets 2013: $1,010,182Liabilities 2013: $1,177,914Net Assets 2013: -$167,7322013Assets 2014: $960,266Liabilities 2014: $1,150,585Net Assets 2014: -$190,3192014Assets 2015: $905,083Liabilities 2015: $1,133,309Net Assets 2015: -$228,2262015Assets 2016: $872,036Liabilities 2016: $1,119,853Net Assets 2016: -$247,8172016Assets 2017: $828,606Liabilities 2017: $1,094,358Net Assets 2017: -$265,7522017Assets 2018: $776,960Liabilities 2018: $1,062,727Net Assets 2018: -$285,7672018Assets 2019: $750,572Liabilities 2019: $1,047,321Net Assets 2019: -$296,7492019Assets 2020: $736,490Liabilities 2020: $1,024,932Net Assets 2020: -$288,4422020Assets 2021: $728,753Liabilities 2021: $1,005,554Net Assets 2021: -$276,8012021Assets 2022: $766,511Liabilities 2022: $1,341,008Net Assets 2022: -$574,4972022Assets 2023: $750,572Liabilities 2023: $1,320,033Net Assets 2023: -$569,4612023Assets 2024: $763,198Liabilities 2024: $1,295,435Net Assets 2024: -$532,2372024Assets 2025: $787,704Liabilities 2025: $1,271,031Net Assets 2025: -$483,3272025

Highlighted filing

2014

Assets$960,266
Liabilities$1,150,585
Net Assets-$190,319

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $318,7142010Expenses 2011: $325,4972011Expenses 2012: $321,2872012Expenses 2013: $346,1982013Revenue 2014: $317,166Expenses 2014: $339,753Net Income 2014: -$22,5872014Revenue 2015: $311,046Expenses 2015: $348,953Net Income 2015: -$37,9072015Revenue 2016: $309,915Expenses 2016: $329,506Net Income 2016: -$19,5912016Revenue 2017: $319,243Expenses 2017: $337,178Net Income 2017: -$17,9352017Revenue 2018: $320,321Expenses 2018: $340,336Net Income 2018: -$20,0152018Revenue 2019: $327,351Expenses 2019: $338,333Net Income 2019: -$10,9822019Revenue 2020: $334,216Expenses 2020: $325,909Net Income 2020: $8,3072020Revenue 2021: $332,321Expenses 2021: $320,680Net Income 2021: $11,6412021Revenue 2022: $339,709Expenses 2022: $637,405Net Income 2022: -$297,6962022Revenue 2023: $349,914Expenses 2023: $344,878Net Income 2023: $5,0362023Revenue 2024: $368,471Expenses 2024: $331,247Net Income 2024: $37,2242024Revenue 2025: $387,957Expenses 2025: $339,047Net Income 2025: $48,9102025

Highlighted filing

2014

Revenue$317,166
Expenses$339,753
Net Income-$22,587
Jump To
Filing Snapshot
Filing Period
Nov 1, 2013 to Oct 31, 2014
Signed
Feb 18, 2015
Return Version
2013v4.0
Gross Receipts
$317,166
Mission and Program Overview

Mission

To provide housing for elderly and/or handicapped low and moderate income families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$535,799$502,533▼ $33,266
Savings and Temporary Cash Investments$419,161$401,445▼ $17,716
Prepaid Expenses and Deferred Charges$13,705$14,040▲ $335
Cash and Non-Interest-Bearing Accounts-$4,927-
Accounts Receivable-$1,278-
Total Assets$1,010,182$960,266▼ $49,916
Other Assets Total$41,517$36,043▼ $5,474
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,139,107$1,122,387▼ $16,720
Other Liabilities$20,964$19,659▼ $1,305
Accounts Payable and Accrued Expenses$17,843$8,539▼ $9,304
Total Liabilities$1,177,914$1,150,585▼ $27,329
Net Assets / Fund Balance
Unrestricted Net Assets$-167,732$-190,319▼ $22,587
Total Net Assets Fund Balance$-167,732$-190,319▼ $22,587
Total Liabilities and Net Assets / Fund Balance$1,010,182$960,266▼ $49,916

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$136,486$811,265$947,751
Leasehold Improvements$283,913$142,029$425,942
Equipment$17,923$104,414$122,337
Land$64,211-$64,211
Compensation and Service Providers

Board Members and Trustees

NameTitle
John J Exler JrPresident
Thomas WaiterV. President
Tim JoyceDirector
Joseph JacksonSecretary
Orelio VecchioTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$210,977
Program Service Revenue
$97,653
Investment Income
$214
Other Revenue
$8,322
Change in Net Assets
$-22,587

Audited Revenue Reconciliation

Revenue per Audited Statements
$317,166
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$317,166
Total Revenue per Form 990
$317,166
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$339,753
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
Occupancy$102,703--$102,703
Interest$67,295--$67,295
Depreciation Depletion$57,354--$57,354
Fees for Services Other$51,405--$51,405
Fees for Services Accounting-$24,013-$24,013
Fees for Services Management-$13,639-$13,639
Other Expenses$5,034--$5,034
Office Expenses-$1,785-$1,785
Advertising-$875-$875
Total Functional Expenses$299,441$40,312$0$339,753

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$339,753
Total Expenses per Audited Statements$339,753
Total Expenses per Form 990$339,753
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$10,634
Accrued Interest Payable$5,565
Rental Payments Rec in Advance$3,460
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, Part VI, Section A, Line 3

Brandywine agency, inc. Is the management agent for pennshaw estates, inc. Brandywine is paid a management fee based on residential income collected as outlined in hud form 9839-b, project owner/management agent's certification.

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

There are no separate committees of the governing body.

Form 990, Part VI, Section B, Line 11

A draft of the form 990 was provided to all board members for review prior to final filing with the irs.

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

Each director, principal officer, and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person a) has received a copy of the conflicts of interest policy, b) has read and understands the policy, c) has agreed to comply with the policy, and d) understands the organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. Compliance with the policy is monitored and enforced through board review of the annual statements.

Form 990, Part VI, Section B, Line 15

Form 990 part vi, section b, line 15: the organization does not have a compensated ceo, executive director, or top management official, or any other employees. The organization outsources these functions to a management company.

Form 990, Part VI, Section C, Line 19

The organization's governing documents and financial statements are available upon request.

Filing and Contact Details

Filer

EIN
25-1355177
Phone
4128239200

Signing Officer

Name
John J Exler Jr
Title
President
Phone
4128239200
Signed
2015-02-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John J Exler Jr
Formed
1979
Legal Domicile
Pa
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Preparer
Elizabeth E Krisher
Phone
4124715500
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Maintenance contracts: program service expenses 51,405. Management and general expenses 0. Fundraising expenses 0. Total expenses 51,405.

Raw XML Appendix360 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/PersonNm0JOHN J EXLER JR
IRS990/Form990PartVIISectionAGrp/PersonNm1THOMAS WAITER
IRS990/Form990PartVIISectionAGrp/PersonNm2ORELIO VECCHIO
IRS990/Form990PartVIISectionAGrp/PersonNm3JOSEPH JACKSON
IRS990/Form990PartVIISectionAGrp/PersonNm4TIM JOYCE
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt0502533
IRS990ScheduleD/TotalExpensesPerForm990Amt0339753
IRS990ScheduleD/TotalLiabilityAmt019659
IRS990ScheduleD/TotalRevenuePerForm990Amt0317166
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0317166
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0339753
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BRANDYWINE AGENCY, INC. IS THE MANAGEMENT AGENT FOR PENNSHAW ESTATES, INC. BRANDYWINE IS PAID A MANAGEMENT FEE BASED ON RESIDENTIAL INCOME COLLECTED AS OUTLINED IN HUD FORM 9839-B, PROJECT OWNER/MANAGEMENT AGENT'S CERTIFICATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE ARE NO SEPARATE COMMITTEES OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A DRAFT OF THE FORM 990 WAS PROVIDED TO ALL BOARD MEMBERS FOR REVIEW PRIOR TO FINAL FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EACH DIRECTOR, PRINCIPAL OFFICER, AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON A) HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, B) HAS READ AND UNDERSTANDS THE POLICY, C) HAS AGREED TO COMPLY WITH THE POLICY, AND D) UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. COMPLIANCE WITH THE POLICY IS MONITORED AND ENFORCED THROUGH BOARD REVIEW OF THE ANNUAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990 PART VI, SECTION B, LINE 15: THE ORGANIZATION DOES NOT HAVE A COMPENSATED CEO, EXECUTIVE DIRECTOR, OR TOP MANAGEMENT OFFICIAL, OR ANY OTHER EMPLOYEES. THE ORGANIZATION OUTSOURCES THESE FUNCTIONS TO A MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6MAINTENANCE CONTRACTS: PROGRAM SERVICE EXPENSES 51,405. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 51,405.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01010182
IRS990/TotalAssetsEOYAmt0960266
IRS990/TotalAssetsGrp/BOYAmt01010182
IRS990/TotalAssetsGrp/EOYAmt0960266
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0210977
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt040312
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0299441
IRS990/TotalFunctionalExpensesGrp/TotalAmt0339753
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01177914
IRS990/TotalLiabilitiesEOYAmt01150585
IRS990/TotalLiabilitiesGrp/BOYAmt01177914
IRS990/TotalLiabilitiesGrp/EOYAmt01150585
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-167732
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-190319
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0299441
IRS990/TotalProgramServiceRevenueAmt097653
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0214
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0105975
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0317166
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01010182
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0960266
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-167732
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-190319
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10357 LINCOLN HIGHWAY
IRS990/USAddress/City0NORTH VERSAILLES
IRS990/USAddress/State0PA
IRS990/USAddress/ZIPCode015137
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN J EXLER JR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04128239200
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-02-18
ReturnHeader/Filer/BusinessName/BusinessNameLine10PENNSHAW ESTATES INC
ReturnHeader/Filer/BusinessNameControlTxt0PENN
ReturnHeader/Filer/EIN0251355177
ReturnHeader/Filer/PhoneNum04128239200
ReturnHeader/Filer/USAddress/AddressLine10357 LINCOLN HIGHWAY
ReturnHeader/Filer/USAddress/City0NORTH VERSAILLES
ReturnHeader/Filer/USAddress/State0PA
ReturnHeader/Filer/USAddress/ZIPCode015137
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0251622758
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10MAHER DUESSEL CPA'S
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10503 MARTINDALE STREET SUITE 600
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0PITTSBURGH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode015212
ReturnHeader/PreparerPersonGrp/PhoneNum04124715500
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ELIZABETH E KRISHER
ReturnHeader/ReturnTs02015-02-16T11:39:10-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-11-01
ReturnHeader/TaxPeriodEndDt02014-10-31
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.79$1.27$0.48$0.39$0.34$0.05
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.76$1.30$0.53$0.37$0.33$0.04
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.75$1.32$0.57$0.35$0.34$0.01
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.77$1.34$0.57$0.34$0.64$0.30
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.73$1.01$0.28$0.33$0.32$0.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.74$1.02$0.29$0.33$0.33$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.75$1.05$0.30$0.33$0.34$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.78$1.06$0.29$0.32$0.34$0.02
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.83$1.09$0.27$0.32$0.34$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.87$1.12$0.25$0.31$0.33$0.02
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.91$1.13$0.23$0.31$0.35$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.96$1.15$0.19$0.32$0.34$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.01$1.18$0.17$0.35
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.06$1.18$0.12$0.32
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.09$1.20$0.10$0.33
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.14$1.21$0.07$0.32