Germantown Interfaith Housing Inc
- Assets
- $5.0m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 3
- Location
- Lafayette Hill, PA
- Founding
- 07/1982
- Data as of
- 12/2022
- EIN
- 23-2211053
Organization Overview
Germantown Interfaith Housing Inc is located in Lafayette Hill, PA. The organization was established in 1982. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Germantown Interfaith Housing Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Germantown Interfaith Housing Inc 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 12/2022, Germantown Interfaith Housing Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. While expenses have increased by 1.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZATION OWNS AND OPERATES A 96-UNIT AFFORDABLE HOUSING PROJECT IN PHILADELPHIA, PA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION ENGAGES IN THE OPERATION, MAINTENANCE, AND SUPPORT OF A 96 UNIT AFFORDABLE HOUSING APARTMENT BUILDING FOR THE ELDERLY AND PHYSICALLY DISABLED, OFFERING SUPPORT SERVICES AND RECREATIONAL ACTIVITIES TO FACILITATE INCREASED SOCIALIZATION AND ENRICHMENT FOR ALL RESIDENTS IN A POSITIVE AND WELCOMING ENVIRONMENT. 95 OF THE 96 UNITS ARE AVAILABLE TO RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randall Stamper Chair | OfficerTrustee | 0.2 | $0 |
Alan Griffith Vice Chair | OfficerTrustee | 0.1 | $0 |
H Declan Brown Secretary | OfficerTrustee | 0.1 | $0 |
Rev Michelle Holmes Board Member | Trustee | 0.1 | $0 |
Rev Randy L Barge Board Member | Trustee | 0.1 | $0 |
Harry G Dittmann Board Member | Trustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Flatiron Building Co Inc Construction Services | 12/30/20 | $515,878 |
Kone Inc Elevator Services | 12/30/20 | $111,235 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,139,424 |
| 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 | $1,139,424 |
| Total Program Service Revenue | $389,976 |
| Investment income | $19,353 |
| 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 | $1,570,475 |
| 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 | $167,640 |
| Pension plan accruals and contributions | $7,667 |
| Other employee benefits | $23,825 |
| Payroll taxes | $11,979 |
| Fees for services: Management | $60,805 |
| Fees for services: Legal | $2,232 |
| Fees for services: Accounting | $12,170 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $49,133 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $962,479 |
| Travel | $1,722 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $985 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $302,666 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,680,973 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,215 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,269 |
| 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 | $21,932 |
| Net Land, buildings, and equipment | $3,597,922 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $221,584 |
| Other assets | $1,152,068 |
| Total assets | $5,027,990 |
| Accounts payable and accrued expenses | $131,954 |
| Grants payable | $0 |
| Deferred revenue | $4,806 |
| Tax-exempt bond liabilities | $5,334,868 |
| Escrow or custodial account liability | $27,494 |
| 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 | $326 |
| Total liabilities | $5,499,448 |
| Net assets without donor restrictions | -$471,458 |
| 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 | $5,027,990 |