Allies & Ross Management Anddevelopment Corporation
- Assets
- $255.2m
- Revenue
- $26.2m
- Investments
- $12.5m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 08/2007
- Data as of
- 12/2021
- EIN
- 20-8558857
Organization Overview
Allies & Ross Management Anddevelopment Corporation is located in Pittsburgh, PA. The organization was established in 2007. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Allies & Ross Management Anddevelopment Corporation 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, Allies & Ross Management Anddevelopment Corporation generated $26.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $6.6m 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 PROVIDE HOUSING OPPORTUNITIES AND HOUSING RELATED ACTIVITIES BY PARTICPATING IN MIXED FINANCE TRANSACTIONS WITH THE HOUSING AUTHORITY OF THE CITY OF PITTSBURGH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALLIES AND ROSS WAS CREATED BY THE HOUSING AUTHORITY OF THE CITY OF PITTSBURGH (HACP) TO PARTICIPATE IN AND/OR DEVELOP MIXED FINANCING TRANSACTIONS, BY RECEIVING GRANTS FROM THE HACP, AND IN TURN PROVIDE SHORT AND LONG TERM LOANS TO LIMITED PARTNERSHIPS FOR THE CREATION OF LOW-INCOME HOUSING UNITS. ALLIES AND ROSS WAS ALSO CREATED FOR THE PURPOSE OF FURTHERING HACP'S PURPOSE OF PROVIDING SAFE, DECENT, AND AFFORDABLE HOUSING WITHIN THE CITY OF PITTSBURGH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Caster Binion President And CEO | OfficerTrustee | 0.5 | $0 |
Amy Shaffer Secretary | OfficerTrustee | 0.5 | $0 |
Peter Kaplan Through 62020 Vice Chair | OfficerTrustee | 0.5 | $0 |
Bernie Mcginley Treasurer | OfficerTrustee | 0.5 | $0 |
Valerie Mcdonald Roberts Chair | OfficerTrustee | 0.5 | $0 |
Marsha Grayson Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mccormack Baron Salazar Inc Development And Site Prep | 12/30/21 | $4,374,297 |
First American Title Insurance Co Construction | 12/30/21 | $2,677,290 |
Granada Apartments Lp Financing New Granada Square Apartments | 12/30/21 | $501,626 |
Zb National Association Dba Zions Ban Financing For Lemington Senior Developme | 12/30/21 | $1,075,496 |
Pennsylvania Housing Finance Agency Financing For North Negley Residences | 12/30/21 | $306,406 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $23,055,316 |
| Government grants | $1,576,584 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,631,900 |
| Total Program Service Revenue | $1,548,767 |
| Investment income | $12,543 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,193,210 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $181,893 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $57,600 |
| Payroll taxes | $0 |
| Fees for services: Management | $45,000 |
| Fees for services: Legal | $1,467 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $348,856 |
| Advertising and promotion | $0 |
| Office expenses | $49,232 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,677 |
| All other expenses | $0 |
| Total functional expenses | $6,554,468 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,972,617 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $758,700 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $140,520,763 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $605,178 |
| Investments—publicly traded securities | $2,922,099 |
| Investments—other securities | $12,469,647 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $255,249,004 |
| Accounts payable and accrued expenses | $1,780,089 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,780,089 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $253,468,915 |
| Total liabilities and net assets/fund balances | $255,249,004 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Frontline Community Services Inc Beltsville, MD | $6,957,560 | $20,985,182 |
Shared Support South Inc Warrington, PA | $9,549,705 | $20,704,692 |
Viecare Butler Llc Cranberry Township, PA | $15,820,808 | $20,591,438 |
Valley View Haven Inc Belleville, PA | $35,512,325 | $21,268,828 |
Montgomery Housing Partnership Inc Silver Spring, MD | $117,127,971 | $17,924,784 |
The Arc Morris County Chapter Nj Inc Morris Plains, NJ | $23,360,035 | $22,219,596 |
Pathways To Housing Pa Philadelphia, PA | $7,362,789 | $17,371,070 |
Reach Riverside Development Corporation Wilmington, DE | $31,775,413 | $42,220,664 |
Jewish Federation Housing Development Fund Company Buffalo, NY | $0 | $1,951,149 |
Enterprise Community Loan Fund Inc Columbia, MD | $332,804,742 | $25,996,753 |
Habitat For Humanity International Inc Cincinnati, OH | $19,861,311 | $21,403,808 |
Alfa Development Inc Newfoundland, NJ | $12,469,438 | $16,200,874 |