Lower Merion Development Corporation in Bryn Mawr, Pennsylvania (PA)
Table of contents:
| Lower Merion Development Corporation | |
| Employer Identification Number (EIN) | 232611591 |
| Name of Organization | Lower Merion Development Corporation |
| Address | 9 S Bryn Mawr Ave, Bryn Mawr, PA 19010-3406 |
| Activities | Low and moderate income housing |
| Subsection | Charitable Organization |
| Ruling Date | 03/1991 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2014 |
| Assets | $25,000 to $99,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $94,231 |
| Amount of Income | $97 |
| Form 990 Revenue Amount | $97 |
| National Taxonomy of Exempt Entities (NTEE) | Housing, Shelter: Housing Development, Construction, Management |
Non-representatives - add comments:
Amount of income in 2014: $97 (it was $145 in 2013)
| This organization: | $97 |
| Other organizations performing similar types of work: | $141,278 |
Assets in 2014: $94,231 (it was $95,034 in 2013)
| Lower Merion Development Corporation: | $94,231 |
| Other organizations performing similar types of work: | $740,093 |
Expenses in 2014: $900
| Lower Merion Development Corporation: | $900 |
| Other organizations performing similar types of work: | $124,074 |
Income to expenses ratio in 2014: 0.1
| This organization: | 0.1 |
| Other organizations performing similar types of work: | 0.7 |
Grants share in income in 2014: 0.0%
| Lower Merion Development Corporation: | 0.0% |
| Other organizations performing similar types of work: | 3.7% |
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total revenue | $301 | $219 | $145 | $97 |
| Contributions, gifts, grants, and similar amounts received | $0 | $0 | $0 | $0 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $301 | $219 | $145 | $97 |
| Total expenses | $2,015 | $1,000 | $4,038 | $900 |
| Total net assets | $99,708 | $98,927 | $95,034 | $94,231 |
| Excess/Deficit for the year | $-1,714 | $-781 | $-3,893 | $-803 |
| Net assets or fund balances at beginning of year | $101,422 | $99,708 | $98,927 | $95,034 |
| Other changes in net assets or fund balances | $0 | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $95,034 | $94,231 | ||
| Balance Sheets | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total assets | $99,708 | $98,927 | $95,034 | $94,231 |
| Total liabilities | $0 | $0 | $0 | $0 |
| Net assets or fund balances | $99,708 | $98,927 | $95,034 | $94,231 |
| Other Information | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | ||
| Were any significant changes made to the organizing or governing documents? | No | No | ||
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | ||
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | ||
| Amount of political expenditures, direct or indirect | $0 | $0 | ||
| Did the organization file Form 1120-POL for this year? | No | No | ||
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | ||
| Total amount involved | $0 | $0 | ||
| Initiation fees and capital contributions | $0 | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | ||
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | ||
| Reason for Public Charity Status (for 2014) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public Support | $15,221 |
| Subtotal Support | $15,221 |
| Gifts, grants, contributions, and membership fees received | $15,221 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $16,885 |
| Public Support | $15,221 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $1,664 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Vf Affordable Housing Inc | 448 Depot St Ne, Christiansbrg, VA 24073-2050 | VA | 2000-11 | $716,864 |
| 2 | Vine Street Manor Housing Corp | 2300 Flora, Kansas City, MO 64108 | MO | 2004-03 | $366,819 |
| 3 | Viecare Beaver Llc, David J Fenoglietto Mbr | 1323 Freedom Rd, Cranberry Twp, PA 16066-5001 | PA | 2008-06 | $30,426,307 |
| 4 | Housing Enrichment Renaissance Board Community Development Corpor | 1510 Cecil B Moore Ave Ste 300, Philadelphia, PA 19121-3407 | PA | 2005-02 | $28,760,536 |
| 5 | Housing Opportunities Program Philadelphia Inc | 1234 Market St Fl 16, Philadelphia, PA 19107-3706 | PA | 2014-02 | $15,000,000 |
| 6 | Pathways To Housing Pa | 5201 Old York Road, Philadelphia, PA 19141-2985 | PA | 2012-11 | $8,382,647 |
| 7 | Viecare Butler Llc, David J Fenoglietto Mbr | 1323 Freedom Rd, Cranberry Twp, PA 16066-5001 | PA | 2008-06 | $7,873,359 |
| 8 | Mars Holdings Inc | 1323 Freedom Rd, Cranberry Twp, PA 16066-5001 | PA | 2009-06 | $2,271,748 |
| 9 | Wrc Health Care Support Services | 985 Route 28, Brookville, PA 15825-7213 | PA | 1991-09 | $2,270,560 |
| 10 | Won By One To Jamaica | 296 Treasure Lk, Dubois, PA 15801-9007 | PA | 2002-08 | $1,509,693 |
| 11 | Weaverland Mennonite Homes | 140 Chapel View Dr, Lititz, PA 17543 | PA | 2008-10 | $1,416,534 |
| 12 | Bethel Point Foundation | 200 Kauffman Rd, Annville, PA 17003-9748 | PA | 2010-06 | $1,408,094 |
| 13 | Scc Care | 326 Adams Ave, Scranton, PA 18503-1604 | PA | 2011-06 | $946,155 |
| 14 | Sarah Allen Senior Housing Inc | 704 706 W Girard Ave, Philadelphia, PA 19123 | PA | 1995-06 | $941,637 |
| 15 | Westmoreland Non-Profit Housing Corporation | 154 S Greengate Rd, Greensburg, PA 15601-6392 | PA | 1998-06 | $720,388 |
| 16 | Susquehanna County Housing Development Corporation Inc | 61 Church St Ste 103, Montrose, PA 18801-1298 | PA | 1996-09 | $680,974 |
| 17 | Sharon Reed Development Corporation | 1152 N 63rd St, Philadelphia, PA 19151-3208 | PA | 1999-01 | $623,253 |
| 18 | Spring City Elderly Housing Corp | 201 S Main St, Spring City, PA 19475-2014 | PA | 1997-05 | $551,286 |
| 19 | Valley Community Housing Corp | 436 W Washington St, Chambersburg, PA 17201-2458 | PA | 2002-11 | $476,444 |
| 20 | Accessible Dreams | 69 E Beau St, Washington, PA 15301-4711 | PA | 2011-07 | $459,768 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 5,080 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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