Philadelphia Housing Development Corporation
- Assets
- $69.9m
- Revenue
- $149.1m
- Investments
- $0.0
- Employees
- 199
- Location
- Philadelphia, PA
- Founding
- 04/1967
- Data as of
- 06/2021
- EIN
- 23-1664406
Organization Overview
Philadelphia Housing Development Corporation is located in Philadelphia, PA. The organization was established in 1967. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, under the broad grouping of Housing & Shelter and related organizations. As of 06/2021, Philadelphia Housing Development Corporation employed 199 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Philadelphia Housing Development 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 06/2021, Philadelphia Housing Development Corporation generated $149.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 35.8% each year . All expenses for the organization totaled $137.9m during the year ending 06/2021. While expenses have increased by 33.5% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE AFFORDABLE HOUSING AND FINANCIAL ASSISTANCE FOR HOME REPAIRS TARGETED TO LOW INCOME RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HOME REPAIR ASSISTANCE TO LOW INCOME HOMEOWNERS. PROVIDE RENTAL ASSISTANCE FOR PEOPLE EFFECTED BY THE PANDEMIC
PROVIDE WEATHERIZATION REPAIRS/IMPROVEMENT ASSISTANCE TO LOW INCOME HOMEOWNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Thomas Executive Vice President | Officer | 40 | $150,412 |
Angela Chandler Finance Director | 40 | $150,289 | |
Ryan Harmon General Council | 40 | $146,195 | |
Gregory Heller Executive Director | 40 | $142,616 | |
Judith A Kowalik Asst Director Revenue Bond | 40 | $134,166 | |
Joseph Ziccardi Carpenter Superintendent | 40 | $134,047 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Virelli Roofing Roofing Contractor | 6/29/21 | $1,494,867 |
Dms General Contracting Inc Roofing Contractor | 6/29/21 | $1,207,203 |
Adkins Management Inc & Pidc Home Improvement Contractor | 6/29/21 | $1,137,834 |
Union Roofing Contractors Inc Roofing Contractor | 6/29/21 | $1,298,935 |
Clark Roofing Co Inc Roofing Contractor | 6/29/21 | $1,362,095 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $148,900,227 |
| 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 | $148,900,227 |
| Total Program Service Revenue | $0 |
| Investment income | $45,798 |
| 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 | $149,141,044 |
| 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. | $321,387 |
| Compensation of current officers, directors, key employees. | $96,416 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,820,747 |
| Pension plan accruals and contributions | $932,871 |
| Other employee benefits | $1,651,632 |
| Payroll taxes | $911,894 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,485 |
| Fees for services: Accounting | $243,664 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $82,429,931 |
| Advertising and promotion | $3,928,388 |
| Office expenses | $0 |
| Information technology | $296,764 |
| Royalties | $0 |
| Occupancy | $1,595,646 |
| Travel | $4,185 |
| 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 | $7,141 |
| Insurance | $752,427 |
| All other expenses | $0 |
| Total functional expenses | $137,891,400 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,744,731 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $15,670,498 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $24,165,498 |
| Inventories for sale or use | $97,205 |
| Prepaid expenses and deferred charges | $661,084 |
| Net Land, buildings, and equipment | $85,482 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,484,805 |
| Total assets | $69,909,303 |
| Accounts payable and accrued expenses | $4,759,963 |
| Grants payable | $22,460 |
| Deferred revenue | $20,060,757 |
| 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 | $1,500,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $42,970,467 |
| Total liabilities | $69,313,647 |
| Net assets without donor restrictions | -$24,068,903 |
| Net assets with donor restrictions | $24,664,559 |
| 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 | $69,909,303 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Philadelphia Housing Development Corporation has recieved totaling $75,000.
| Awarding Organization | Amount |
|---|---|
Independence Public Media Of Philadelphia Inc Philadelphia, PA PURPOSE: TO INCREASE THE VISIBILITY AND UNDERSTANDING OF THE DIVERSE ASIAN AMERICAN COMMUNITIES IN PHILADELPHIA AND THEIR STRENGTHS, CHALLENGES AND HISTORIES THROUGH A YEARLONG FEATURE SERIES OF JOURNALISTIC WORK ABOUT POST-COVID REOPENING. | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Philadelphia Housing Development Corporation Philadelphia, PA | $69,909,303 | $149,141,044 |
Praxis Housing Initiatives Inc New York, NY | $17,550,749 | $43,469,449 |
Home Headquarters Inc Syracuse, NY | $61,706,462 | $11,933,384 |
Depaul Properties Inc Rochester, NY | $60,046,501 | $8,018,697 |
Isles Inc Trenton, NJ | $25,476,363 | $9,864,108 |
Beech Interplex Inc Philadelphia, PA | $34,852,112 | $5,583,039 |
Crispus Attucks Association Of York Pennsylvania York, PA | $24,303,531 | $5,790,154 |
Eastern West Virginia Community Action Inc Moorefield, WV | $1,421,827 | $4,960,389 |
Housing Initiative Partnership Inc Hyattsville, MD | $6,736,869 | $3,837,345 |
Troy Rehabilitation And Improvement Program Inc Troy, NY | $4,527,116 | $4,140,655 |
Fairfax Renaissance Development Corporation Cleveland, OH | $25,841,222 | $4,040,938 |
Opportunity Headquarters Inc Syracuse, NY | $931,819 | $3,257,864 |