Academic Properties Inc
Revenue
$8.4m
year to 30 June 2025
Expenses
$5.9m
year to 30 June 2025
Total assets
$37.3m
$1.1m liabilities
Net assets
$36.2m
assets less liabilities
Directors and trustees
9
6.4 years on average
Staff
0
employees, year to 30 June 2025
Chair observed
≥5 yrs
John A Fry
Left since last filing
0
no seats appear to have opened
Academic Properties Inc's network
9 people5 organisationsi9 people and 5 organisations on this map.The large node is the subject of this page. Solid lines are what the register itself records (9). Violet dotted lines (5) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.The board
9 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Time served and departures are observed across annual filings. Observed time served is a lower bound - a member may have joined before the first year on record. The organisation reported 8 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.| Name | Role as filed | Since | On the board |
|---|---|---|---|
| John A FRY Chair | Chairman of the Board | 2018 | 8 yrs |
| Alan Greenberger | President, Chief Operating Officer | 2021 | 5 yrs |
| Carmen Piccolo | Vice President | 2020 | 6 yrs |
| David Rusenko to 423 | Director | 2023 | 3 yrs |
| Don Liberati as of 523 | Director | 2023 | 3 yrs |
| Helen Y Bowman | Vice Chair, Treasurer | 2018 | 8 yrs |
| Patrick S Pasquariello III | Director | 2018 | 8 yrs |
| Rebecca Lacher | Company secretary | 2021 | 5 yrs |
| Robert Buckley | Director | 2018 | 8 yrs |
Under 5 years5 to 6 years6 years or more
Officers and senior leadership
2 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.| Name | Title as filed | On the filings |
|---|---|---|
| Carmen Piccolo | Property Manager | since 2018 |
| Tigist Tesfaye | AVP, Finance and Admin | since 2018 |
Pay and hours
year to 30 June 2025iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| John A Fry | Chairman of the Board (To 9/24) | 2 | $0 | $1.8m | $51k |
| Helen Y Bowman | Vice Chair, Treasurer | 2 | $0 | $731k | $133k |
| Carmen Piccolo | Vice President (To 1/25) | 40 | $0 | $163k | $33k |
| Robert Buckley | Director | 2 | $0 | ||
| Patrick S Pasquariello III | Director | 2 | $0 | ||
| Alan Greenberger | President, Chief Operating Officer | 2 | $0 | $330k | $46k |
| Don Liberati | Director | 2 | $0 | $203k | $28k |
| Rebecca Lacher | Secretary | 2 | $0 | $187k | $18k |
| Denis O'brien | Chairman of the Board (As of 10/24) | 2 | $0 |
About
- Legal name
- Academic Properties Inc
- EIN
- 232411680
- Address
- 3201 Arch St Ste 400, Philadelphia, PA, 19104-2755
- State
- Pennsylvania
- Mission
- Maximizing drexel university real estate holdings to their fullest strategic value with emphasis on serving the university community. (as filed on the Form 990)
- Activity (NTEE)
- L400 Housing and shelter
- IRS classification
- 501(c)03 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Housing & Shelter
- Size band
- 8 (IRS master file code)
- Formed
- 1986
- Principal officer
- Antonio Merlo (as named on the Form 990)
- IRS ruling date
- 1 September 1994
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 6, latest 2023
Most connected
Related organisations (Schedule R)
Longest observed on the filings
≥8years on the filingsJohn A FRY
≥8years on the filingsHelen Y Bowman
≥8years on the filingsPatrick S Pasquariello III
≥8years on the filingsRobert Buckley
Latest return
year to 30 June 2025iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 30 June 2025. US dollars, as filed.- Total assets
- $37.3m
- Total liabilities
- $1.1m
- Net assets or fund balances
- $36.2m
- Contributions and grants received
- $0
- Program service revenue
- $6.7m
- Employees
- 0
State registration
1 entityiBusiness-entity registers published by US states. These records are matched to this organisation by name and state, not by EIN, and are labelled as likely matches. Street addresses are not shown.Academic Properties, Inc. likely matchiMatched by exact name and state (and ZIP where shown). State registers do not publish EINs, so this is not a confirmed match. Source: Pennsylvania Department of State, business entities (data.pa.gov xvd7-5r2c). Licence: public domain. Data last fetched 18 October 2026.
- State
- Pennsylvania
- Entity type
- Domestic Nonprofit Corporation
- Status
- Active
- Formed
- 13 January 1986
- Registered agent
- Not stated
Officers (4)
- Don Liberati President
- Helen Y Bowman Treasurer
- Helen Y Bowman Governor
- Rebecca Lacher Secretary
City and state of officers are not held in this extract.