Allegheny West Foundation
- Assets
- $2.9m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 12
- Location
- Philadelphia, PA
- Founding
- 07/1974
- Data as of
- 06/2022
- EIN
- 23-1924667
Organization Overview
Allegheny West Foundation is located in Philadelphia, PA. The organization was established in 1974. 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 06/2022, Allegheny West Foundation employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Allegheny West Foundation 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 06/2022, Allegheny West Foundation generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $981.8k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO RELIEVE THE POOR AND DISTRESSED BY ADVANCING EDUCATION, LESSENING THE BURDENS OF GOVERNMENT, FOSTERING LOW-INCOME HOUSING, AND COMBATING COMMUNITY DETERIORATION AND JUVENILE DELINQUENCY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PURCHASE OF RUN-DOWN HOUSING, REHAB, AND SALE OF THESE UNITS TO LOW-INCOME BUYERS AS SINGLE FAMILY HOMES. MAINTAINS SOME RENTAL UNITS.
COMMUNITY DEVELOPMENT
ECONOMIC DEVELOPMENT PROGRAMS
EDUCATION PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Norma B Carter Chair & Secretary | OfficerTrustee | 1 | $0 |
David R Bright Treasurer | OfficerTrustee | 1 | $0 |
Eugene J Veneziale Vice President | OfficerTrustee | 1 | $0 |
Joyce Smith Assistant Secretary | OfficerTrustee | 1 | $0 |
The Honorable Cindy Bass Director | Trustee | 1 | $0 |
Atif Bostic Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $47,530 |
| All other contributions, gifts, grants, and similar amounts not included above | $109,800 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $157,330 |
| Total Program Service Revenue | $545,193 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$65,801 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $188,196 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,355,545 |
| 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. | $122,297 |
| Compensation of current officers, directors, key employees. | $18,344 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $189,883 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $38,694 |
| Payroll taxes | $30,779 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,975 |
| Fees for services: Accounting | $69,694 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,943 |
| Advertising and promotion | $0 |
| Office expenses | $20,901 |
| 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 | $53,254 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $114,182 |
| Insurance | $58,383 |
| All other expenses | $10,963 |
| Total functional expenses | $981,836 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $156,722 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $56,013 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $135,151 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,241 |
| Net Land, buildings, and equipment | $2,049,840 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $525,746 |
| Total assets | $2,926,713 |
| Accounts payable and accrued expenses | $159,495 |
| 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 | $1,614,899 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,774,394 |
| Net assets without donor restrictions | $1,152,319 |
| 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 | $2,926,713 |