Temple East Real Estate Inc
Nonprofit profile at a glance
- EIN
- 201776524
- IRS 990 coverage
- 2010–2010
- Forms available
- Form 990 2010
- Location
- Philadelphia, PA, USA
- Phone
- 2157073802
- Rating confidence
- Limited
- Sector
- Nonmonetary Support N.E.C.
Reported finances
- Revenue
- $-496,155
- Expenses
- $0
- Assets
- $2,202,711
- Liabilities
- $2,521,566
Source: IRS Form 990. Selected filing: tax year 2010. Amounts in USD.
Leadership & pay
3 people listed
Source: IRS Form 990. Selected filing: tax year 2010. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization is organized and operated for the benefit of, to perform the functions of, or to carry out the purposes of, temple university hospital, inc.
What it reported doing in 2010
Temple east real estate, inc. ("tere") is a subsidiary of temple university health system, inc. In june 2005, tere acquired a 12-acre property, which was the former site of the goldman paper company. Ever since the goldman paper company ceased operations in the late 1990's, this 12-acre property with its 350,000 square foot vacant structure, has been an environmentally challenged eyesore. Fortunately for the community, tere gave this property new life.in 2006, tere removed the vacant, dilapidated structure and began construction on the landscaped parking lot during 2007. The parking lot was completed in 2008 and benefits the community by helping to resolve parking constraints at northeastern hospital while removing an eyesore that has damaged the integrity of port richmond's important allegheny avenue corridor.
Operating model
- Revenue model
- Investment-supported. 100% of the money available for current operations came from recurring investment income.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 70
- Accountability: 42
- Sustainability: 8
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 59th percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 11th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -100%; rating input score 17; 17th percentile among comparable filings
- Total-asset coverage ratio: Limited
- Liabilities to assets ratio: 1.14; rating input score 4; 4th percentile among comparable filings
- Officer compensation ratio: Limited
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 0 of 3 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $547K · 3 people listed · 1 of 6 pay-setting controls reported
- Consistency: 9 of 9 current checks pass
- Schedules: 6 filed schedules · includes executive pay
- Related organizations: 12 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Independent voting board scored 0/100.
- High — Sustainability: Operating margin scored 17/100.
- High — Sustainability: Liabilities to assets ratio scored 4/100.