Civic Intelligence

Paladin Development

990 • Fiscal year 2023 • EIN 46-4218480

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 14, 2024

351 Chestnut StreetHarrisburg, PA 17101-2785

(717) 232-6781

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$597,600

Down $3,614 (-0.6%) from 2022

Net Assets

Down

$457,826

Down $3,376 (-0.7%) from 2022

Liabilities

Down

$139,774

Down $238 (-0.2%) from 2022

Revenue And Expenses

Revenue

Flat

$0

Flat from 2022

Expenses

Down

$3,376

Down $9,195 (-73%) from 2022

Net Income

Up

-$3,376

Up $9,195 (+73%) from 2022

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 2015: $134,396Liabilities 2015: $107,3722015Assets 2016: $160,640Liabilities 2016: $134,7362016Assets 2017: $1,009,159Liabilities 2017: $145,714Net Assets 2017: $863,4452017Assets 2018: $647,235Liabilities 2018: $119,917Net Assets 2018: $527,3182018Assets 2019: $631,316Liabilities 2019: $119,144Net Assets 2019: $512,1722019Assets 2020: $617,735Liabilities 2020: $119,089Net Assets 2020: $498,6462020Assets 2021: $613,836Liabilities 2021: $140,063Net Assets 2021: $473,7732021Assets 2022: $601,214Liabilities 2022: $140,012Net Assets 2022: $461,2022022Assets 2023: $597,600Liabilities 2023: $139,774Net Assets 2023: $457,8262023

Highlighted filing

2023

Assets$597,600
Liabilities$139,774
Net Assets$457,826

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2015: $51,558Expenses 2015: $35,300Net Income 2015: $16,2582015Revenue 2016: $14,566Expenses 2016: $15,686Net Income 2016: -$1,1202016Revenue 2017: $907,698Expenses 2017: $70,157Net Income 2017: $837,5412017Revenue 2018: $0Expenses 2018: $336,127Net Income 2018: -$336,1272018Revenue 2019: $0Expenses 2019: $15,146Net Income 2019: -$15,1462019Revenue 2020: $0Expenses 2020: $13,526Net Income 2020: -$13,5262020Revenue 2021: $0Expenses 2021: $24,873Net Income 2021: -$24,8732021Revenue 2022: $0Expenses 2022: $12,571Net Income 2022: -$12,5712022Revenue 2023: $0Expenses 2023: $3,376Net Income 2023: -$3,3762023

Highlighted filing

2023

Revenue$0
Expenses$3,376
Net Income-$3,376
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.0
Gross Receipts
$0
Mission and Program Overview

Mission

Development and management of affordable housing in the city of harrisburg pennsylvania, including but not limited to low income housing tax credit projects.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$438,678$435,063▼ $3,615
Accounts Receivable$124,856$124,857▲ $1
Land, Buildings, and Equipment, Net$37,680$37,680→ $0
Total Assets$601,214$597,600▼ $3,614
Liabilities
Accounts Payable and Accrued Expenses$140,012$139,774▼ $238
Total Liabilities$140,012$139,774▼ $238
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$461,202$457,826▼ $3,376
Total Net Assets Fund Balance$461,202$457,826▼ $3,376
Total Liabilities and Net Assets / Fund Balance$601,214$597,600▼ $3,614

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$37,680-$37,680
Compensation and Service Providers

Board Members and Trustees

NameTitle
Darren BurroughsPresident
Senghor MannsDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-3,376
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,376
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
Other Expenses$420--$420
Total Functional Expenses$3,376$0$0$3,376

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,376
Total Expenses per Audited Statements$3,376
Total Expenses per Form 990$3,376
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
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, Page 6, Part VI, Line 6

Harrisburg housing authority is the sole member.

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

The sole member of the organization is the harrisburg housing authority. The harrisburg housing authority, elected the original board of paladin. Paladin bylaws require a majority of board members to be harrisburg housing authority board members. Following the election of then initial board, paladin elects it board members.

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

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

Section c. Disclosure, line 19 the paladin board of commissioners adopted by resolution at a public meeting the governing documents, the conflict of interest policy, and provides copies of the paladin financial statements for review and approval. Pursuant to article 4, section 3 of the paladin bylaws, paladin provides notice of and holds an annual meeting during which the public has the opportunity to engage the baord with any questions, thoughts, or concerns. In addition to the annual meeting, paladin holds quarterly meetings in march, june, and september in accord with the public notice requirements in the aforementioned article of the paladin bylaws.

Form 990, Part VII

The mayor replaced the harrisburg housing authority board in its entirety about a year ago, except for the two individuals listed. During the interim, the authority has been working on getting the current authority board up to speed on many issues, they have yet to identify which board members will sit on the paladin board. As a result, no new actions have been taken by paladin, nor has it engaged in any new business.

Filing and Contact Details

Filer

Filer Name
Paladin Development
EIN
46-4218480
Phone
7172326781
Address
351 CHESTNUT STREET, HARRISBURG, PA 17101-2785

Signing Officer

Name
Darren Burroughs
Title
President
Phone
7172326781
Signed
2024-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Darren Burroughs
Formed
2014
Legal Domicile
Pa
Voting Board Members
2
Independent Board Members
2
Employees
0

Preparer

Firm
Zelenkofske Axelrod LLC
Address
210 TOLLGATE HILL ROAD, GREENSBURG, PA 15601
Preparer
Jared C Ewing
Phone
7248342151
Supplemental Narrative

Additional Explanations

Form 990, Part III

Line 4a continued: hha opted to transfer the reimbursement dollars to paladin in preparation for prospective future affordable housing development projects being applied for this year, among other mission- related objectives set for paladin. The first mulberry project is scheduled to conclude in december of 2018.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LINE 4A CONTINUED: HHA OPTED TO TRANSFER THE REIMBURSEMENT DOLLARS TO PALADIN IN PREPARATION FOR PROSPECTIVE FUTURE AFFORDABLE HOUSING DEVELOPMENT PROJECTS BEING APPLIED FOR THIS YEAR, AMONG OTHER MISSION- RELATED OBJECTIVES SET FOR PALADIN. THE FIRST MULBERRY PROJECT IS SCHEDULED TO CONCLUDE IN DECEMBER OF 2018.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1HARRISBURG HOUSING AUTHORITY IS THE SOLE MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE SOLE MEMBER OF THE ORGANIZATION IS THE HARRISBURG HOUSING AUTHORITY. THE HARRISBURG HOUSING AUTHORITY, ELECTED THE ORIGINAL BOARD OF PALADIN. PALADIN BYLAWS REQUIRE A MAJORITY OF BOARD MEMBERS TO BE HARRISBURG HOUSING AUTHORITY BOARD MEMBERS. FOLLOWING THE ELECTION OF THEN INITIAL BOARD, PALADIN ELECTS IT BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SECTION C. DISCLOSURE, LINE 19 THE PALADIN BOARD OF COMMISSIONERS ADOPTED BY RESOLUTION AT A PUBLIC MEETING THE GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND PROVIDES COPIES OF THE PALADIN FINANCIAL STATEMENTS FOR REVIEW AND APPROVAL. PURSUANT TO ARTICLE 4, SECTION 3 OF THE PALADIN BYLAWS, PALADIN PROVIDES NOTICE OF AND HOLDS AN ANNUAL MEETING DURING WHICH THE PUBLIC HAS THE OPPORTUNITY TO ENGAGE THE BAORD WITH ANY QUESTIONS, THOUGHTS, OR CONCERNS. IN ADDITION TO THE ANNUAL MEETING, PALADIN HOLDS QUARTERLY MEETINGS IN MARCH, JUNE, AND SEPTEMBER IN ACCORD WITH THE PUBLIC NOTICE REQUIREMENTS IN THE AFOREMENTIONED ARTICLE OF THE PALADIN BYLAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE MAYOR REPLACED THE HARRISBURG HOUSING AUTHORITY BOARD IN ITS ENTIRETY ABOUT A YEAR AGO, EXCEPT FOR THE TWO INDIVIDUALS LISTED. DURING THE INTERIM, THE AUTHORITY HAS BEEN WORKING ON GETTING THE CURRENT AUTHORITY BOARD UP TO SPEED ON MANY ISSUES, THEY HAVE YET TO IDENTIFY WHICH BOARD MEMBERS WILL SIT ON THE PALADIN BOARD. AS A RESULT, NO NEW ACTIONS HAVE BEEN TAKEN BY PALADIN, NOR HAS IT ENGAGED IN ANY NEW BUSINESS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III
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 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VII
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ReturnHeader/Filer/BusinessNameControlTxt0PALA
ReturnHeader/Filer/EIN0464218480
ReturnHeader/Filer/PhoneNum07172326781
ReturnHeader/Filer/USAddress/AddressLine1Txt0351 CHESTNUT STREET
ReturnHeader/Filer/USAddress/CityNm0HARRISBURG
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd0171012785
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0233022325
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ZELENKOFSKE AXELROD LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0210 TOLLGATE HILL ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GREENSBURG
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd015601
ReturnHeader/PreparerPersonGrp/PhoneNum07248342151
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JARED C EWING
ReturnHeader/ReturnTs02024-11-15T15:09:57-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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