Civic Intelligence

199 Hunting Park Corporation

EIN 26-4300365 • 501(c)3 • Philadelphia, PA

Profile

199 hunting park corporation (the "corporation") is a not-for-profit corporation serving the hispanic community of north philadelphia as a component of broader community development work. The corporation owns a campus bordered by 5th street, west bristol street, 3rd street and west hunting park avenue. The campus has two buildings which are leased to nueva esperanza, inc., esperanza academy charter school, eastern north philadelphia workforce development corporation and other tenants for service businesses.

4261 North 5th StreetPhiladelphia, PA 19140

n/A

Siviq Scores

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

Liabilities / Assets

88th percentile

0.86x

Higher debt load relative to assets than 88% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

97th percentile

10.44x

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

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

73rd percentile

17%

Higher net margin than 73% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

66th percentile

$482,037

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 6.4% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

98th percentile

89%

Faster asset growth than 98% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

17th percentile

-8.6%

Faster revenue growth than 17% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Up

$91,366,126

Up $43,132,005 (+89%) from 2023

Liabilities

Up

$78,982,964

Up $41,874,875 (+113%) from 2023

Net Assets

Up

$12,383,162

Up $1,257,130 (+11%) from 2023

Revenue

Down

$7,563,921

Down $711,012 (-8.6%) from 2023

Expenses

Up

$6,306,791

Up $413,114 (+7.0%) from 2023

Net Income

Down

$1,257,130

Down $1,124,126 (-47%) from 2023

Trend Graphs

Balance Sheet Trend

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

$100M$50M$0-$50MAssets 2011: $1,272,684Liabilities 2011: $1,427,399Net Assets 2011: -$154,7152011Assets 2012: $1,395,832Liabilities 2012: $1,646,422Net Assets 2012: -$250,5902012Assets 2013: $1,355,224Liabilities 2013: $1,606,497Net Assets 2013: -$251,2732013Assets 2014: $43,105,408Liabilities 2014: $37,768,802Net Assets 2014: $5,336,6062014Assets 2015: $38,076,147Liabilities 2015: $32,471,099Net Assets 2015: $5,605,0482015Assets 2016: $41,780,756Liabilities 2016: $32,110,417Net Assets 2016: $9,670,3392016Assets 2017: $41,532,852Liabilities 2017: $31,736,660Net Assets 2017: $9,796,1922017Assets 2018: $41,561,840Liabilities 2018: $31,582,812Net Assets 2018: $9,979,0282018Assets 2019: $40,726,897Liabilities 2019: $31,094,960Net Assets 2019: $9,631,9372019Assets 2020: $40,678,613Liabilities 2020: $31,310,536Net Assets 2020: $9,368,0772020Assets 2021: $41,105,325Liabilities 2021: $32,436,891Net Assets 2021: $8,668,4342021Assets 2022: $42,224,601Liabilities 2022: $33,479,829Net Assets 2022: $8,744,7722022Assets 2023: $48,234,121Liabilities 2023: $37,108,089Net Assets 2023: $11,126,0322023Assets 2024: $91,366,126Liabilities 2024: $78,982,964Net Assets 2024: $12,383,1622024

Highlighted filing

2024

Assets$91,366,126
Liabilities$78,982,964
Net Assets$12,383,162

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2011: $142,3932011Expenses 2012: $212,7422012Expenses 2013: $166,3982013Revenue 2014: $1,801,714Expenses 2014: $2,320,854Net Income 2014: -$519,1402014Revenue 2015: $4,772,604Expenses 2015: $4,612,849Net Income 2015: $159,7552015Revenue 2016: $9,072,747Expenses 2016: $5,007,456Net Income 2016: $4,065,2912016Revenue 2017: $5,477,035Expenses 2017: $5,351,182Net Income 2017: $125,8532017Revenue 2018: $5,536,886Expenses 2018: $5,354,050Net Income 2018: $182,8362018Revenue 2019: $5,081,706Expenses 2019: $5,428,797Net Income 2019: -$347,0912019Revenue 2020: $5,375,957Expenses 2020: $5,639,817Net Income 2020: -$263,8602020Revenue 2021: $5,349,841Expenses 2021: $6,049,484Net Income 2021: -$699,6432021Revenue 2022: $5,665,914Expenses 2022: $5,589,589Net Income 2022: $76,3252022Revenue 2023: $8,274,933Expenses 2023: $5,893,677Net Income 2023: $2,381,2562023Revenue 2024: $7,563,921Expenses 2024: $6,306,791Net Income 2024: $1,257,1302024

Highlighted filing

2024

Revenue$7,563,921
Expenses$6,306,791
Net Income$1,257,130

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$91.4$79.0$12.4$7.56$6.31$1.26
2023Detailed filing. Detailed filing data is available for this year.$48.2$37.1$11.1$8.27$5.89$2.38
2022Detailed filing. Detailed filing data is available for this year.$42.2$33.5$8.74$5.67$5.59$0.08
2021Detailed filing. Detailed filing data is available for this year.$41.1$32.4$8.67$5.35$6.05$0.70
2020Detailed filing. Detailed filing data is available for this year.$40.7$31.3$9.37$5.38$5.64$0.26
2019Detailed filing. Detailed filing data is available for this year.$40.7$31.1$9.63$5.08$5.43$0.35
2018Detailed filing. Detailed filing data is available for this year.$41.6$31.6$9.98$5.54$5.35$0.18
2017Detailed filing. Detailed filing data is available for this year.$41.5$31.7$9.80$5.48$5.35$0.13
2016Detailed filing. Detailed filing data is available for this year.$41.8$32.1$9.67$9.07$5.01$4.07
2015Detailed filing. Detailed filing data is available for this year.$38.1$32.5$5.61$4.77$4.61$0.16
2014Detailed filing. Detailed filing data is available for this year.$43.1$37.8$5.34$1.80$2.32$0.52
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.36$1.61$0.25$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.40$1.65$0.25$0.21
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.27$1.43$0.15$0.14
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$7,563,921
Mission and Program Overview

Mission

199 hunting park corporation (the "corporation") is a not-for-profit corporation serving the hispanic community of north philadelphia as a component of broader community development work. The corporation owns a campus bordered by 5th street, west bristol street, 3rd street and west hunting park avenue. The campus has two buildings which are leased to nueva esperanza, inc., esperanza academy charter school, eastern north philadelphia workforce development corporation and other tenants for service businesses.

The Corporation owns and operates rental real estate which is leased primarily to non profits in the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$34,857,951$47,501,869▲ $12,643,918
Cash and Non-Interest-Bearing Accounts$155,072$730,629▲ $575,557
Savings and Temporary Cash Investments$471,489$485,607▲ $14,118
Accounts Receivable$20,874$81,596▲ $60,722
Prepaid Expenses and Deferred Charges$25,592$475▼ $25,117
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
Total Assets$48,234,121$91,366,126▲ $43,132,005
Other Assets Total$12,703,143$42,565,950▲ $29,862,807
Liabilities
Tax Exempt Bond Liabilities$31,646,370$59,054,232▲ $27,407,862
Mortgage Notes Payable Secured by Investment Property$0$11,760,000▲ $11,760,000
Other Liabilities$4,712,029$8,037,118▲ $3,325,089
Accounts Payable and Accrued Expenses$749,690$131,614▼ $618,076
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$37,108,089$78,982,964▲ $41,874,875
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$11,126,032$12,383,162▲ $1,257,130
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$11,126,032$12,383,162▲ $1,257,130
Total Liabilities and Net Assets / Fund Balance$48,234,121$91,366,126▲ $43,132,005

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$45,579,398$20,379,078$65,958,476
Land$1,875,704-$1,875,704
Equipment$0$90,117$90,117
Other Land Buildings$46,767$0$46,767
Other Assets Org$6,848,568--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Rev Danny CortesBoard Chair
Rev Luis a Cortes JrBoard Vice Chair
Walter ToliverBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$837,077
Program Service Revenue
$5,865,546
Investment Income
$860,357
Other Revenue
$941
Change in Net Assets
$1,257,130

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,563,921
Revenue Not Reported on Form 990
$367,596
Total Revenue per Audited Statements
$7,931,517
Total Revenue per Form 990
$7,563,921
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,830,743
Salaries, Compensation, and Employee Benefits$476,048
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$2,548,662--$2,548,662
Depreciation Depletion$1,714,902--$1,714,902
Occupancy$800,767--$800,767
Fees for Services Management-$492,439-$492,439
Other Salaries and Wages$361,225--$361,225
Insurance$134,352--$134,352
Fees for Services Other$77,681--$77,681
Other Employee Benefits$75,356--$75,356
Office Expenses$20,753$18,981-$39,734
Payroll Taxes$29,923--$29,923
Fees for Services Legal$15,175--$15,175
Pension Plan Contributions$9,544--$9,544
Fees for Services Accounting$5,832--$5,832
Travel$1,199--$1,199
Total Functional Expenses$5,795,371$511,420$0$6,306,791

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,674,387
Expenses per Audited Statements$6,306,791
Total Expenses per Form 990$6,306,791
Expenses Not Reported on Form 990$367,596
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying 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 Affilaites$7,992,200
Security Deposits$44,918

Bond Issues

BondIssuerIssuedIssue PricePurpose
BPhiladelphia Auhority for Industrial Development2020-12-22$35,610,000Esperanza academy charter school p
CPhiladelphia Authority for Industrial Development2023-08-15$29,990,000Esperanza academy charter school p
APhiladelphia Authority for Industrial Development2020-12-22$2,625,000Esperanza academy charter school p

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
B$40,413,910$100,623$0$710,838
C$29,990,000$0$0$971,426
A$2,625,000$0$1,285,000$436,555

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
No
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Question 2

The chairperson of the organization (danny cortes) has a familiy relationship with the vice chairperson (luis cortes).

Form 990, Part VI, Section B, Question 11A

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, Question 12A-C

ALL BOARD MEMBERS & Officers ARE REVIEWED AND MONITORED ON AN ANNUAL BASIS - DUE TO THE LIMITED NUMBER OF board and officers THESE ACTIVITIES CAN CURRENTLY BE MONITORED AND EVALUATED ON SPECIFIC CASE BY CASE BASIS.

Form 990, Part VI, Section C, Question 19

All required public notices are made in local newspapers and all public records are on site and available upon request.

Form 990, Part VI, Section A, Question 3

Nueva esperanza, inc., a related party, provides management services to the organization.

Form 990, Part VI, Section B, Question 15A & 15B

The board of directors is charged with the responsibility of approving compensation of key employees. The committee reviews data on the compensation of other comparable positions in similar nonprofit organizations.

Filing and Contact Details

Filer

Filer Name
199 Hunting Park Corporation
EIN
26-4300365
In Care Of
% ARTEMIO RODRIGUEZ
Phone
2153240746
Address
4261 North 5th Street, Philadelphia, PA 19140

Signing Officer

Name
Artemio Rodriguez
Title
Controller
Phone
2153240746
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Artemio Rodriguez
Formed
2008
Legal Domicile
Pa
Voting Board Members
3
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Withumsmithbrown Pc
Address
1835 MARKET STREET SUITE 1710, PHILADELPHIA, PA 19103-2945
Preparer
Eric M Strauss
Phone
2155462140
Supplemental Narrative

Financial Statement Notes

FORM 990 PART X, LINE 2:

The corporation is exempt from federal income taxes under 501(c)(3) of the internal revenue service code. Accordingly, the financial statements do not reflect a provision for federal income taxes. There were no uncertain tax positions at the date of adoption or at june 30, 2024. In addition, the corporation had no income tax related penalties or interest for the years reported in these financial statements.

Raw XML AppendixShowing 400 of 848 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/Desc0199 HP SERVES THE HISPANIC COMMUNITY OF NORTH PHILADELPHIA AS A COMPONENT OF BROADER COMMUNITY DEVELOPMENT WORK. THE CORPORATION OWNS A 8.01 ACRE COMPLEX AT 4261 NORTH 5TH STREET THAT WAS PURCHASED IN DECEMBER 1999. AS OF JUNE 30, 2020, THE CAMPUS CONTAINED 301,678 SQUARE FEET OF RENTABLE SPACE OF WHICH 252,642 IS RENTED AND OCCUPIED. ALL TENANTS ARE NON-PROFIT CORPORATIONS AND INCLUDE: NUEVA ESPERANZA, INC., ESPERANZA ACADEMY CHARTER SCHOOL, ESPERANZA COLLEGE, ARTISTAS Y MUSICOS LATINO AMERICANOS, PHILADELPHIA WORKS, INC. AND ESPERANZA CYBER CHARTER SCHOOL. PORTIONS OF THE FACILITY ARE STILL UNDER CONSTRUCTION INCLUDING THE FIT OUT OF A THEATRE, LIBRARY, ART GALLERY, CHAPEL AND COMMUNITY MEETING SPACE.
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IRS990/MissionDesc0199 HUNTING PARK CORPORATION (THE "CORPORATION") IS A NOT-FOR-PROFIT CORPORATION SERVING THE HISPANIC COMMUNITY OF NORTH PHILADELPHIA AS A COMPONENT OF BROADER COMMUNITY DEVELOPMENT WORK. THE CORPORATION OWNS A CAMPUS BORDERED BY 5TH STREET, WEST BRISTOL STREET, 3RD STREET AND WEST HUNTING PARK AVENUE. THE CAMPUS HAS TWO BUILDINGS WHICH ARE LEASED TO NUEVA ESPERANZA, INC., ESPERANZA ACADEMY CHARTER SCHOOL, EASTERN NORTH PHILADELPHIA WORKFORCE DEVELOPMENT CORPORATION AND OTHER TENANTS FOR SERVICE BUSINESSES.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER 501(C)(3) OF THE INTERNAL REVENUE SERVICE CODE. ACCORDINGLY, THE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR FEDERAL INCOME TAXES. THERE WERE NO UNCERTAIN TAX POSITIONS AT THE DATE OF ADOPTION OR AT JUNE 30, 2024. IN ADDITION, THE CORPORATION HAD NO INCOME TAX RELATED PENALTIES OR INTEREST FOR THE YEARS REPORTED IN THESE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 PART X, LINE 2:
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