Affordable Housing Centers Of Pennsylvania
- Assets
- $2.8m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 17
- Location
- Philadelphia, PA
- Founding
- 05/1986
- Data as of
- 06/2024
- EIN
- 22-2702301
Organization Overview
Affordable Housing Centers Of Pennsylvania is located in Philadelphia, PA. The organization was established in 1986. 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. As of 06/2024, Affordable Housing Centers Of Pennsylvania employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Affordable Housing Centers Of Pennsylvania 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 06/2024, Affordable Housing Centers Of Pennsylvania generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 24.7% each year . All expenses for the organization totaled $1.6m during the year ending 06/2024. While expenses have increased by 23.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
AFFORDABLE HOUSING CENTERS OF PENNSYLVANIA IS A HUD APPROVED HOUSING COUNSELING AGENCY WHOSE MISSION IS TO INCREASE AND PRESERVE HOMEOWNERSHIP OPPORTUNITIES FOR LOW AND MODERATE-INCOME HOUSEHOLDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSE AND LOAN COUNSELING SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Bigos Executive Di | Officer | 40 | $93,039 |
Paul Johnson President | OfficerTrustee | 2 | $0 |
Kanisha Parrish Vice Preside | OfficerTrustee | 2 | $0 |
Bruce Dorpalen Treasurer | OfficerTrustee | 2 | $0 |
Jeff Ryckbost Secretary | OfficerTrustee | 2 | $0 |
Yvonne Munyan Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,649,089 |
| All other contributions, gifts, grants, and similar amounts not included above | $766,969 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,416,058 |
| Total Program Service Revenue | $0 |
| Investment income | $36,443 |
| 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 | $2,506,351 |
| 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. | $98,992 |
| Compensation of current officers, directors, key employees. | $19,798 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $853,026 |
| Pension plan accruals and contributions | $8,800 |
| Other employee benefits | $93,479 |
| Payroll taxes | $82,757 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $52,800 |
| Fees for services: Accounting | $8,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,336 |
| Advertising and promotion | $15,998 |
| Office expenses | $51,164 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $66,395 |
| Travel | $24,956 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,689 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,470 |
| Insurance | $8,370 |
| All other expenses | $6,721 |
| Total functional expenses | $1,564,748 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $748,871 |
| Savings and temporary cash investments | $1,364,100 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $461,121 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $19,533 |
| Net Land, buildings, and equipment | $144,911 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $73,128 |
| Total assets | $2,811,664 |
| Accounts payable and accrued expenses | $46,168 |
| 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 | $71,504 |
| Total liabilities | $117,672 |
| Net assets without donor restrictions | $2,693,992 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,811,664 |