Scioli Turco Inc
- Assets
- $415.8k
- Revenue
- $626.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 04/2014
- Data as of
- 06/2023
- EIN
- 45-3585446
Organization Overview
Scioli Turco Inc is located in Philadelphia, PA. The organization was established in 2014. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, 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. Scioli Turco Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2023, Scioli Turco Inc generated $626.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 22.1% each year . All expenses for the organization totaled $626.9k during the year ending 06/2023. While expenses have increased by 29.0% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
REHABILITATES DERELICT PROPERTIES. SCIOLI TURCO, INC.S MISSION IS TO PROMOTE THE HEALTH AND SAFETY OF THE GENERAL PUBLIC WITHIN THE CITY AND COUNTY OF PHILADELPHIA, PENNSYLVANIA, BY ALLEVIATING THE CONDITIONS THAT CONSTITUTE BLIGHT IN ABANDONED STRUCTURES AND VACANT LOTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW ACT 135 FILINGS: PROPERTY/DATE OF FILING/PROPERTY TYPE: 2420 S. WATTS STREET -- 8/3/2022 -- RESIDENTIAL; 5316 GERMANTOWN AVENUE -- 8/12/2022 -- MIXED COMMERCIAL USE; 2600 ORTHODOX STREET -- 9/7/2022 -- MIXED COMMERCIAL USE; 843 ALMOND STREET -- 11/18/2022 -- RESIDENTIAL; 845-847 ALMOND STREET -- 11/28/2022 -- RESIDENTIAL AND LOT; 10938 MODENA PLACE -- 12/23/2022 -- RESIDENTIAL; 249 E. GIRARD AVENUE -- 1/25/2023 -- MIXED COMMERCIAL USE; 3231 CLIFFORD STREET -- 1/30/2023 -- RESIDENTIAL; 437 MEMPHIS STREET -- 2/10/2023 -- RESIDENTIAL; 2910 S. SMEDLEY STREET -- 5/12/2023 -- RESIDENTIAL; 2912 S. SMEDLEY STREET -- 5/23/2023 -- RESIDENTIAL; 3937 WARREN STREET -- 6/2/2023 -- RESIDENTIAL AND LOT; 5104 E. ROOSEVELT BOULEVARD -- 6/6/2023 -- RESIDENTIAL; 12008 ELMORE ROAD -- 6/6/2023 -- RESIDENTIAL; 1528 SNYDER AVENUE -- 6/9/2023 -- MIXED COMMERCIAL USE; 204 S. 41ST STREET -- 6/15/2023 -- RESIDENTIAL COMPLETED CASES: PROPERTY -- DISPOSITION -- DATE -- AMOUNT: 712 S. 23RD STREET -- PROPERTY SOLD -- 8/30/2022 -- $400,000; 3421R WARDEN DRIVE -- PROPERTY SOLD -- 11/7/2023 -- $362,551; 401-405 E. GIRARD AVENUE -- PROPERTY SOLD -- 1/17/2023 -- $726,000; 109238 MODENA PLACE -- SETTLED -- 2/24/2023 -- $3,091.97; 843, 845, 847 ALMOND STREET -- SETTLED -- 4/14/2023 -- $10,000; 5245 WALTON STREET -- PROPERTY SOLD -- 5/22/2023 -- $120,000; 6500 HEGERMAN STREET -- SETTLEMENT -- 5/31/2023 -- $51,611.81. *ALL PROPERTIES EXCEPT FOR 401-405 E. GIRARD AVENUE, ARE RESIDENTIAL. GIRARD PROPERTIES ARE MIXED COMMERCIAL USE. PENDING CASES FILED PRIOR TO 7/1/2022: PROPERTY -- DATE OF FILING -- PROPERTY TYPE: 5110 GERMANTOWN AVENUE -- 11/20/2020 -- COMMERCIAL LOT; 901 SPRING GARDEN -- 1/21/2021 -- INDUSTRIAL/RAILROAD; 5112-14 GERMANTOWN AVENUE -- 12/30/2021 -- COMMERCIAL; 6703 N. 11TH STREET AND 6703R N. 11TH STREET -- 1/19/2022 --
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arlene Bell Board Member | Trustee | 1 | $0 |
Keith Smith Board Member | OfficerTrustee | 1 | $0 |
Carmen Paris Board Member | OfficerTrustee | 1 | $0 |
Tanya Steinberg Board Memeber | OfficerTrustee | 1 | $0 |
Gerald Macdonald Board Member | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $626,907 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $626,907 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $55,000 |
| Compensation of current officers, directors, key employees. | $55,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $190,190 |
| Fees for services: Accounting | $2,678 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $995 |
| Office expenses | $80 |
| Information technology | $96 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $38,589 |
| All other expenses | $0 |
| Total functional expenses | $626,907 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $198,256 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $217,511 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $415,767 |
| Accounts payable and accrued expenses | $32,025 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $351,806 |
| Total liabilities | $383,831 |
| Net assets without donor restrictions | $31,936 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $415,767 |