47 Phila Inc is located in Saratoga Springs, NY. The organization was established in 1999. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 47 Phila Inc is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 12/2023, 47 Phila Inc generated $105.1k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 31.3% each year . All expenses for the organization totaled $92.8k during the year ending 12/2023. While expenses have increased by 35.2% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
HOLD AND MANAGE THE REAL ESTATE USED BY A RELATED 501(C)(3) ORGANIZATION CAFFE LENA, INC. 14-1726194.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kevin Veitch Director | 1 | $0 | |
Pam Abrams Director | 1 | $0 | |
Joseph Conlon Director | 3 | $0 | |
Sarah Craig Ex Officio - Non-Voting | 2 | $0 | |
Eric Gordon Secretary | 1 | $0 | |
Peter R Martin Treasurer | 3 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $37,200 |
Membership dues | $0 |
Investment income | $67,881 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $105,081 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $0 |
Occupancy, rent, utilities, and maintenance | $5,617 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $87,193 |
Total expenses | $92,810 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $21,705 |
Other assets | $0 |
Total assets | $378,189 |
Total liabilities | $238,836 |
Net assets or fund balances | $139,353 |