Beech Interplex Inc
- Assets
- $34.9m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 12
- Location
- Philadelphia, PA
- Founding
- 08/1990
- Data as of
- 12/2021
- EIN
- 52-1693162
Organization Overview
Beech Interplex Inc is located in Philadelphia, PA. The organization was established in 1990. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Beech Interplex Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beech Interplex Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Beech Interplex Inc generated $5.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $6.4m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SPEARHEAD THE REVITALIZATION OF THE CECIL B MOORE NEIGHBORHOOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENOVATION & DEVELOPMENT - PROGRAM DEVELOPMENT, RENOVATION AND RENTAL OF ABANDONED PROPERTY IN THE CECIL B MOORE AREA OF NORTH PHILADELPHIA. TO DATE, FOUR MULTI-TENANT PROPERTIES HAVE BEEN COMPLETED.
STUDENT HOUSING PROGRAM - OPERATION OF TWO STUDENT HOUSING COMPLEXES AT TEMPLE UNIVERSITY IN PHILADELPHIA, PA THROUGH BEECH LLC & BEECH INTERNATIONAL LLC (SINGLE MEMBER LLCS - TREATED AS DISREGARDED ENTITIES).
COMMUNITY SERVICE ACTIVITIES - FINANCIAL CONTRIBUTIONS TO AFFILIATED AND OTHER ORGANIZATIONS TO FUND COMMUNITY SERVICE ACTIVITIES AND PROMOTE THE REVITALIZATION OF THE CECIL B MOORE AREA AND OTHER COMMUNITIES IN NORTH CENTRAL PHILADELPHIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Scott President/ceo | OfficerTrustee | 40 | $236,058 |
Larry Griffin Treasurer | OfficerTrustee | 40 | $148,050 |
Bernard Savage Secretary | OfficerTrustee | 40 | $85,000 |
Richard Bazelon ESQ Chairman | OfficerTrustee | 2 | $0 |
Rev William B Moore Director | Trustee | 2 | $0 |
Shirley Gregory Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rise Residential Ii Llc Mgmt Services | 12/30/20 | $158,592 |
Washington General Contractor Construction | 12/30/20 | $141,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $213,407 |
| All other contributions, gifts, grants, and similar amounts not included above | $91,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $304,907 |
| Total Program Service Revenue | $5,179,953 |
| Investment income | $4,191 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $62,814 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,583,039 |
| 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. | $500,007 |
| Compensation of current officers, directors, key employees. | $146,172 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $556,726 |
| Pension plan accruals and contributions | $4,549 |
| Other employee benefits | $56,692 |
| Payroll taxes | $91,462 |
| Fees for services: Management | $106,887 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $139,207 |
| Advertising and promotion | $0 |
| Office expenses | $169,142 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $265,150 |
| Travel | $12,583 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,834 |
| Interest | $1,162,146 |
| Payments to affiliates | $426,181 |
| Depreciation, depletion, and amortization | $1,477,020 |
| Insurance | $287,129 |
| All other expenses | $349,973 |
| Total functional expenses | $6,404,960 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,926,168 |
| Savings and temporary cash investments | $1,889,797 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $297,626 |
| 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 | $141,166 |
| Net Land, buildings, and equipment | $27,455,380 |
| Investments—publicly traded securities | $520,986 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $620,989 |
| Total assets | $34,852,112 |
| Accounts payable and accrued expenses | $1,113,224 |
| Grants payable | $0 |
| Deferred revenue | $247,939 |
| Tax-exempt bond liabilities | $14,954,420 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $22,468,912 |
| Unsecured mortgages and notes payable | $150,000 |
| Other liabilities | $749,960 |
| Total liabilities | $39,684,455 |
| Net assets without donor restrictions | -$4,938,253 |
| Net assets with donor restrictions | $105,910 |
| 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 | $34,852,112 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Beech Interplex Inc has recieved totaling $113,000.
| Awarding Organization | Amount |
|---|---|
William Penn Foundation Philadelphia, PA PURPOSE: DOX THRASH HOUSE PRESERVATION & PLANNING | $110,000 |
William Penn Foundation Philadelphia, PA PURPOSE: GENERAL SUPPORT | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Home Headquarters Inc Syracuse, NY | $61,706,462 | $11,933,384 |
Depaul Properties Inc Rochester, NY | $60,046,501 | $8,018,697 |
Isles Inc Trenton, NJ | $25,476,363 | $9,864,108 |
Beech Interplex Inc Philadelphia, PA | $34,852,112 | $5,583,039 |
Crispus Attucks Association Of York Pennsylvania York, PA | $24,303,531 | $5,790,154 |
Eastern West Virginia Community Action Inc Moorefield, WV | $1,421,827 | $4,960,389 |
Housing Initiative Partnership Inc Hyattsville, MD | $6,736,869 | $3,837,345 |
Troy Rehabilitation And Improvement Program Inc Troy, NY | $4,527,116 | $4,140,655 |
Fairfax Renaissance Development Corporation Cleveland, OH | $25,841,222 | $4,040,938 |
Opportunity Headquarters Inc Syracuse, NY | $931,819 | $3,257,864 |
Rebuilding Together-Saratoga County Ballston Spa, NY | $1,364,946 | $2,773,949 |
Neighborhood Housing Services Of Rochester Inc Rochester, NY | $8,905,786 | $3,020,780 |