Civic Intelligence

Penn Villa Corp

990 • Fiscal year 2014 • EIN 30-0579613

Jul 01, 2013 to Jun 30, 2014 • Filed on Feb 11, 2015

807 Lawn Avenue18960

(215) 453-5163

Siviq Scores

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

Liabilities / Assets

47th percentile

0.09x

Higher debt load relative to assets than 47% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

88th percentile

1.53x

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

8th percentile

-37%

Higher net margin than 8% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

92nd percentile

$227,571

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 88.6% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

18th percentile

-5.8%

Faster asset growth than 18% of similar nonprofits.

2014 filings • 501(c)3 • $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

Assets

Down

$4,304,473

Down $263,649 (-5.8%) from 2013

Net Assets

Down

$3,912,325

Down $94,907 (-2.4%) from 2013

Liabilities

Down

$392,148

Down $168,742 (-30%) from 2013

Revenue

$256,949

No earlier filing loaded for comparison.

Expenses

Up

$351,856

Up $162,187 (+86%) from 2013

Net Income

-$94,907

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.

$6.0M$4.0M$2.0M$0Assets 2011: $4,940,026Liabilities 2011: $550,576Net Assets 2011: $4,389,4502011Assets 2012: $4,708,232Liabilities 2012: $640,409Net Assets 2012: $4,067,8232012Assets 2013: $4,568,122Liabilities 2013: $560,890Net Assets 2013: $4,007,2322013Assets 2014: $4,304,473Liabilities 2014: $392,148Net Assets 2014: $3,912,3252014Assets 2015: $4,205,542Liabilities 2015: $392,230Net Assets 2015: $3,813,3122015Assets 2016: $4,107,907Liabilities 2016: $392,261Net Assets 2016: $3,715,6462016Assets 2017: $4,030,735Liabilities 2017: $392,363Net Assets 2017: $3,638,3722017Assets 2018: $3,961,276Liabilities 2018: $395,308Net Assets 2018: $3,565,9682018Assets 2019: $3,892,990Liabilities 2019: $393,483Net Assets 2019: $3,499,5072019Assets 2020: $3,850,732Liabilities 2020: $392,402Net Assets 2020: $3,458,3302020Assets 2021: $3,806,788Liabilities 2021: $399,716Net Assets 2021: $3,407,0722021Assets 2022: $1,158,586Liabilities 2022: $421,930Net Assets 2022: $736,6562022Assets 2023: $1,999,169Liabilities 2023: $1,274,118Net Assets 2023: $725,0512023Assets 2024: $2,029,461Liabilities 2024: $1,343,993Net Assets 2024: $685,4682024

Highlighted filing

2014

Assets$4,304,473
Liabilities$392,148
Net Assets$3,912,325

Operations Trend

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

$400K$200K$0-$200KExpenses 2011: $162,0912011Expenses 2012: $343,7572012Expenses 2013: $189,6692013Revenue 2014: $256,949Expenses 2014: $351,856Net Income 2014: -$94,9072014Revenue 2015: $111,502Expenses 2015: $210,515Net Income 2015: -$99,0132015Revenue 2016: $105,582Expenses 2016: $203,248Net Income 2016: -$97,6662016Revenue 2017: $121,443Expenses 2017: $198,717Net Income 2017: -$77,2742017Revenue 2018: $127,988Expenses 2018: $200,392Net Income 2018: -$72,4042018Revenue 2019: $125,809Expenses 2019: $192,270Net Income 2019: -$66,4612019Revenue 2020: $141,818Expenses 2020: $182,995Net Income 2020: -$41,1772020Revenue 2021: $141,447Expenses 2021: $192,705Net Income 2021: -$51,2582021Revenue 2022: $121,060Expenses 2022: $184,404Net Income 2022: -$63,3442022Revenue 2023: $121,434Expenses 2023: $172,565Net Income 2023: -$51,1312023Revenue 2024: $131,641Expenses 2024: $171,224Net Income 2024: -$39,5832024

Highlighted filing

2014

Revenue$256,949
Expenses$351,856
Net Income-$94,907
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Feb 11, 2015
Return Version
2013v4.0
Gross Receipts
$256,949
Mission and Program Overview

Mission

To foster low-income housing and develop and manage affordable housing for low and very low income residents and households. The population served includes persons with major mental illness or co-occurring mental illness and substance use disorders.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,222,643$4,130,533▼ $92,110
Savings and Temporary Cash Investments$342,915$169,895▼ $173,020
Accounts Receivable$2,063$3,504▲ $1,441
Prepaid Expenses and Deferred Charges$501$541▲ $40
Total Assets$4,568,122$4,304,473▼ $263,649
Liabilities
Mortgage Notes Payable Secured by Investment Property$390,000$390,000→ $0
Deferred Revenue$149,430--
Other Liabilities$18,321--
Accounts Payable and Accrued Expenses$3,139$2,148▼ $991
Total Liabilities$560,890$392,148▼ $168,742
Net Assets / Fund Balance
Temporarily Rstr Net Assets$2,785,126$2,711,422▼ $73,704
Permanently Rstr Net Assets$780,000$780,000→ $0
Unrestricted Net Assets$442,106$420,903▼ $21,203
Total Net Assets Fund Balance$4,007,232$3,912,325▼ $94,907
Total Liabilities and Net Assets / Fund Balance$4,568,122$4,304,473▼ $263,649

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,737,181$237,721$3,974,902
Land$360,000-$360,000
Other Land Buildings$23,842$35,710$59,552
Leasehold Improvements$9,510$770$10,280
Compensation and Service Providers

Employees

NameTitleOtherTotal
Francine MellottCFO$118,124$118,124

Board Members and Trustees

NameTitle
Bruce DetweilerPresident
Wayne MugrauerCEO
Marvin AndersSecy/treasur
Thomas LeidyVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$149,430
Program Service Revenue
$107,464
Investment Income
$43
Other Revenue
$12
Change in Net Assets
$-94,907

Audited Revenue Reconciliation

Revenue per Audited Statements
$256,949
Total Revenue per Audited Statements
$256,949
Total Revenue per Form 990
$256,949
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$322,004
Salaries, Compensation, and Employee Benefits$29,852
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$92,110--$92,110
Occupancy$48,371--$48,371
Other Salaries and Wages$22,667--$22,667
Fees for Services Accounting-$9,850-$9,850
Insurance$7,072--$7,072
Fees for Services Management-$6,181-$6,181
Other Employee Benefits$5,482--$5,482
Payroll Taxes$1,703--$1,703
Other Expenses$250$149,430-$250
Total Functional Expenses$186,395$165,461$0$351,856

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$351,856
Total Expenses per Audited Statements$351,856
Total Expenses per Form 990$351,856
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
Penn Foundation IncOwnerManagement FeesNo$44,209
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
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
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Penn villa corp's stock is wholly owned by penn foundation inc

Form 990, Page 6, Part VI, Line 7A

The board of directors of penn villa corp is appointed by penn foundation inc.

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

Full copy of form 990, along with a narrative summary of the return, is distributed to each of penn villa corps board of directors for individual review. Questions, comments or concerns are addressed with the cfo and/or ceo. Board members approve the tax return for filing based upon their review and resolution of any outstanding issues or questions.

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

The board reviews expenses and if there was a conflict of interest it woul d be disclosed in the minutes and the board member would abstain from the discussion and voting on any issues where a conflict of interest arises. The conflict of interest statements are reviewed and signed off on by each of the board members annually.

Form 990, Page 6, Part VI, Line 15A

The ceo and the cfo are compensated by penn foundation, inc. Therefore, pe nn foundation's compensation policy is followed.

Form 990, Page 6, Part VI, Line 15B

The ceo and the cfo are compensated by penn foundation, inc. Therefore, penn foundation's compensation policy is followed.

Form 990, Page 6, Part VI, Line 19

Governing documents, policies, and financial statements are available upon request.

Filing and Contact Details

Filer

EIN
30-0579613
Phone
2154535163

Signing Officer

Name
Francine Mellott
Title
CFO
Phone
2154535163
Signed
2015-02-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wayne Mugrauer CEO
Formed
2009
Legal Domicile
Pa
Voting Board Members
5
Independent Board Members
3
Employees
0

Preparer

Preparer
Cynthia R Bergvall CPA
Phone
2153432727
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To foster low-income housing and develop and manage affordable housing for low and very low income residents and households. The population served includes persons with major mental illness or co-occurring mental illness and substance use disorders.

Financial Statement Notes

Schedule D, Page 3, Part X

Penn villa corp follows the accounting guidance for uncertainty in income taxes using the financial accounting standards board (fasb) asc 740, income taxes. Using that guidance, tax positions initially need to be recognized in the financial statements when it is more likely than not the position will be sustained upon examination of the tax authorities. The organization believes it has support for the income tax positions taken on its tax returns. The organization's open tax audit periods are june 30, 2011 to 2013. As of june 30, 2014, the organization had no uncertain tax positions that qualify for either recognition or disclosure in the financial statements.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PENN VILLA CORP FOLLOWS THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES USING THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ASC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE LIKELY THAN NOT THE POSITION WILL BE SUSTAINED UPON EXAMINATION OF THE TAX AUTHORITIES. THE ORGANIZATION BELIEVES IT HAS SUPPORT FOR THE INCOME TAX POSITIONS TAKEN ON ITS TAX RETURNS. THE ORGANIZATION'S OPEN TAX AUDIT PERIODS ARE JUNE 30, 2011 TO 2013. AS OF JUNE 30, 2014, THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0MANAGEMENT FEES
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0BOARD MEMBERS OF PENN VILLA CORP ARE ALSO BOARD MEMBERS OF PENN FOUNDATION. PENN VILLA CORP PAYS PENN FOUNDATION A MANAGEMENT FEE.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO FOSTER LOW-INCOME HOUSING AND DEVELOP AND MANAGE AFFORDABLE HOUSING FOR LOW AND VERY LOW INCOME RESIDENTS AND HOUSEHOLDS. THE POPULATION SERVED INCLUDES PERSONS WITH MAJOR MENTAL ILLNESS OR CO-OCCURRING MENTAL ILLNESS AND SUBSTANCE USE DISORDERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PENN VILLA CORP'S STOCK IS WHOLLY OWNED BY PENN FOUNDATION INC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS OF PENN VILLA CORP IS APPOINTED BY PENN FOUNDATION INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FULL COPY OF FORM 990, ALONG WITH A NARRATIVE SUMMARY OF THE RETURN, IS DISTRIBUTED TO EACH OF PENN VILLA CORPS BOARD OF DIRECTORS FOR INDIVIDUAL REVIEW. QUESTIONS, COMMENTS OR CONCERNS ARE ADDRESSED WITH THE CFO AND/OR CEO. BOARD MEMBERS APPROVE THE TAX RETURN FOR FILING BASED UPON THEIR REVIEW AND RESOLUTION OF ANY OUTSTANDING ISSUES OR QUESTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD REVIEWS EXPENSES AND IF THERE WAS A CONFLICT OF INTEREST IT WOUL D BE DISCLOSED IN THE MINUTES AND THE BOARD MEMBER WOULD ABSTAIN FROM THE DISCUSSION AND VOTING ON ANY ISSUES WHERE A CONFLICT OF INTEREST ARISES. THE CONFLICT OF INTEREST STATEMENTS ARE REVIEWED AND SIGNED OFF ON BY EACH OF THE BOARD MEMBERS ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE CEO AND THE CFO ARE COMPENSATED BY PENN FOUNDATION, INC. THEREFORE, PE NN FOUNDATION'S COMPENSATION POLICY IS FOLLOWED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE CEO AND THE CFO ARE COMPENSATED BY PENN FOUNDATION, INC. THEREFORE, PENN FOUNDATION'S COMPENSATION POLICY IS FOLLOWED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.03$1.34$0.69$0.13$0.17$0.04
2023Detailed filing. Detailed filing data is available for this year.$2.00$1.27$0.73$0.12$0.17$0.05
2022Detailed filing. Detailed filing data is available for this year.$1.16$0.42$0.74$0.12$0.18$0.06
2021Detailed filing. Detailed filing data is available for this year.$3.81$0.40$3.41$0.14$0.19$0.05
2020Detailed filing. Detailed filing data is available for this year.$3.85$0.39$3.46$0.14$0.18$0.04
2019Detailed filing. Detailed filing data is available for this year.$3.89$0.39$3.50$0.13$0.19$0.07
2018Detailed filing. Detailed filing data is available for this year.$3.96$0.40$3.57$0.13$0.20$0.07
2017Detailed filing. Detailed filing data is available for this year.$4.03$0.39$3.64$0.12$0.20$0.08
2016Detailed filing. Detailed filing data is available for this year.$4.11$0.39$3.72$0.11$0.20$0.10
2015Detailed filing. Detailed filing data is available for this year.$4.21$0.39$3.81$0.11$0.21$0.10
2014Detailed filing. Detailed filing data is available for this year.$4.30$0.39$3.91$0.26$0.35$0.09
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.57$0.56$4.01$0.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.71$0.64$4.07$0.34
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.94$0.55$4.39$0.16