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1715 Properties Inc

  • Philadelphia, PA
  • Tax-exempt since Sept. 1990
  • EIN: 23-2494907

Organization summary

Type of Nonprofit

Designated as a Corporations created to hold titles for property owned by another nonprofit.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$412k (2023)

Expenses
$913k (2023)

Total Assets
$4.31M (2023)

Total Liabilities
$3.12M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$412,338
Expenses
$912,801
Net Income
-$500,463
Net Assets
$1,192,112
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $412,338
100%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $104,400
11.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,309,412
Total Liabilities $3,117,300
Net Assets $1,192,112
Compensation
Key Employees and Officers Compensation Related Other
Raymond A Pescatore (Ceo) $78,000 $422,493 $27,825
James Kennedy (Cfo) $26,400 $104,990 $2,850
Emilio R Matticoli Edd (Board Chairman) $26,400 $0 $0
Royal Brown (Treasurer) $6,000 $0 $0
Claudia Sherrod (Secretary) $6,000 $0 $0
+ View more people

Document Links

990
Filed on Jan. 16, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$462,046
Expenses
$167,671
Net Income
$294,375
Net Assets
$1,692,575
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $462,046
100%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $142,800
85.2%
Professional Fundraising Fees $0
Other Salaries and Wages $16,500
9.8%
Assets/Debt
Total Assets $4,957,447
Total Liabilities $3,264,872
Net Assets $1,692,575
Compensation
Key Employees and Officers Compensation Related Other
Raymond A Pescatore (Ceo) $78,000 $400,801 $18,280
James Kennedy (Cfo) $26,400 $100,997 $2,730
Emilio R Matticoli Edd (Board Chairman) $26,400 $0 $0
Royal Brown (Treasurer) $6,000 $0 $0
Claudia Sherrod (Secretary) $6,000 $0 $0
+ View more people

Document Links

990
Filed on Feb. 8, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$408,578
Expenses
$567,690
Net Income
-$159,112
Net Assets
$1,398,200
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $408,578
100%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $142,800
25.2%
Professional Fundraising Fees $0
Other Salaries and Wages $16,500
2.9%
Assets/Debt
Total Assets $4,833,925
Total Liabilities $3,435,725
Net Assets $1,398,200
Compensation
Key Employees and Officers Compensation Related Other
Raymond A Pescatore (Ceo) $78,000 $400,355 $18,710
James Kennedy (Cfo) $26,400 $111,080 $3,032
Emilio R Matticoli Edd (Board Chairman) $26,400 $0 $0
Royal Brown (Treasurer) $6,000 $0 $0
Claudia Sherrod (Secretary) $6,000 $0 $0
+ View more people

Document Links

990
Filed on Dec. 7, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$330,575
Expenses
$567,671
Net Income
-$237,096
Net Assets
$1,557,312
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $330,575
100%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $142,800
25.2%
Professional Fundraising Fees $0
Other Salaries and Wages $16,500
2.9%
Assets/Debt
Total Assets $5,157,021
Total Liabilities $3,599,709
Net Assets $1,557,312
Compensation
Key Employees and Officers Compensation Related Other
Raymond A Pescatore (Ceo) $78,000 $355,931 $18,531
James Kennedy (Cfo) $26,400 $89,407 $2,340
Emilio R Matticoli E (Board Chairman) $26,400 $0 $0
Royal Brown (Board Member) $6,000 $0 $0
Claudia Sherrod (Board Member) $6,000 $0 $0
+ View more people

Document Links

990
Filed on Jan. 13, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$281,144
Expenses
$567,828
Net Income
-$286,684
Net Assets
$1,244,408
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $281,144
100%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $142,800
25.1%
Professional Fundraising Fees $0
Other Salaries and Wages $16,500
2.9%
Assets/Debt
Total Assets $5,551,602
Total Liabilities $4,307,194
Net Assets $1,244,408
Compensation
Key Employees and Officers Compensation Related Other
Raymond A Pescatore (Ceo) $78,000 $371,021 $23,695
Emilio R Matticoli Edd (Board Chairman) $26,400 $0 $0
James Kennedy (Cfo) $26,400 $89,200 $2,376
Royal Brown (Board Member) $6,000 $0 $0
Claudia Sherrod (Board Member) $6,000 $0 $0
+ View more people

Document Links

990
Filed on Nov. 27, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$274,965
Expenses
$674,088
Net Income
-$399,123
Net Assets
$1,531,092
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $274,965
100%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $142,800
21.2%
Professional Fundraising Fees $0
Other Salaries and Wages $22,500
3.3%
Assets/Debt
Total Assets $5,995,192
Total Liabilities $4,464,100
Net Assets $1,531,092
Compensation
Key Employees and Officers Compensation Related Other
Raymond A Pescatore (Ceo) $78,000 $351,238 $23,988
Emilio R Matticoli Edd (Chairman) $26,400 $0 $0
James Kennedy (Cfo) $26,400 $88,320 $2,200
John Bumbaca (Mental Health Consultant) $16,500 $135,037 $3,601
Royal Brown (Board Member) $6,000 $0 $0
Claudia Sherrod (Board Member) $6,000 $0 $0
+ View more people

Document Links

990
Filed on Jan. 22, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$263,453
Expenses
$664,011
Net Income
-$400,558
Net Assets
$1,930,215
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $263,453
100%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $142,800
21.5%
Professional Fundraising Fees $0
Other Salaries and Wages $16,500
2.5%
Assets/Debt
Total Assets $6,533,359
Total Liabilities $4,603,144
Net Assets $1,930,215
Compensation
Key Employees and Officers Compensation Related Other
Raymond Pescatore (Ceo) $78,000 $349,345 $23,210
Emilio R Matticoli Ed D (Chairman) $26,400 $0 $0
James Kennedy (Cfo) $26,400 $133,125 $10,452
John Bumbaca (Mental Health Director) $16,500 $147,719 $18,253
Royal Brown (Board Member) $6,000 $0 $0
Claudia Sherrod (Board Member) $6,000 $0 $0
+ View more people

Document Links

990
Filed on Feb. 1, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$259,716
Expenses
$659,300
Net Income
-$399,584
Net Assets
$2,330,773
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $259,716
100%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $142,800
21.7%
Professional Fundraising Fees $0
Other Salaries and Wages $16,500
2.5%
Assets/Debt
Total Assets $7,073,107
Total Liabilities $4,742,334
Net Assets $2,330,773
Compensation
Key Employees and Officers Compensation Related Other
Raymond Pescatore (Ceo) $78,000 $337,151 $24,130
Emilio R Matticoli Ed D (Chairman) $26,400 $0 $0
James Kennedy (Cfo) $26,400 $141,580 $11,388
John Bumbaca (Mental Health Director) $16,500 $145,131 $10,224
Royal Brown (Board Member) $6,000 $0 $0
Claudia Sherrod (Board Member) $6,000 $0 $0
+ View more people

Document Links

990
Filed on Jan. 10, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$255,493
Expenses
$559,300
Net Income
-$303,807
Net Assets
$2,730,357
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $255,493
100%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $142,800
25.5%
Professional Fundraising Fees $0
Other Salaries and Wages $16,500
3.0%
Assets/Debt
Total Assets $7,606,167
Total Liabilities $4,875,810
Net Assets $2,730,357
Compensation
Key Employees and Officers Compensation Related Other
Raymond Pescatore (Ceo) $78,000 $340,745 $24,077
Emilio R Matticoli Ed D (Chairman) $26,400 $0 $0
James Kennedy (Cfo) $26,400 $151,427 $19,690
John Bumbaca (Mental Health Director) $16,500 $148,618 $5,795
Royal Brown (Board Member) $6,000 $0 $0
Claudia Sherrod (Board Member) $6,000 $0 $0
+ View more people

Document Links

990
Filed on Feb. 3, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$249,867
Expenses
$525,800
Net Income
-$275,933
Net Assets
$3,034,164
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $249,867
100%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $142,800
27.2%
Professional Fundraising Fees $0
Other Salaries and Wages $33,000
6.3%
Assets/Debt
Total Assets $8,038,363
Total Liabilities $5,004,199
Net Assets $3,034,164
Compensation
Key Employees and Officers Compensation Related Other
Raymond Pescatore (Ceo) $78,000 $329,568 $23,448
Emilio R Matticoli Ed D (Chairman) $26,400 $0 $0
James Kennedy (Cfo) $26,400 $145,065 $19,154
James Donahue (Residential Director) $16,500 $120,946 $11,103
John Bumbaca (Mental Health Director) $16,500 $143,208 $5,589
Royal Brown (Board Member) $6,000 $0 $0
Claudia Sherrod (Board Member) $6,000 $0 $0
+ View more people

Document Links

990
Filed on March 26, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$232,406
Expenses
$475,800
Net Income
-$243,394
Net Assets
$3,310,097
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $197,461
85.0%
Net Fundraising $0
Sales of Assets $34,945
15.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $142,800
30.0%
Professional Fundraising Fees $0
Other Salaries and Wages $33,000
6.9%
Assets/Debt
Total Assets $8,437,557
Total Liabilities $5,127,460
Net Assets $3,310,097

Document Links

990
Filed on Dec. 30, 2013

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$515,226
Expenses
$451,800
Net Income
$63,426
Net Assets
$3,553,491
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $315,226
61.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $200,000
38.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $201,800
44.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $8,970,690
Total Liabilities $5,417,199
Net Assets $3,553,491

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$367,792
Expenses
$345,070
Net Income
$22,722
Net Assets
$3,490,065
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $367,792
100%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $205,000
59.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $6,519,607
Total Liabilities $3,029,542
Net Assets $3,490,065

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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