Housing Partnership Of Chester County Inc
- Assets
- $3.3m
- Revenue
- $756.3k
- Investments
- $0.0
- Employees
- 5
- Location
- Downingtown, PA
- Founding
- 07/1989
- Data as of
- 12/2023
- EIN
- 23-2550366
Organization Overview
Housing Partnership Of Chester County Inc is located in Downingtown, PA. The organization was established in 1989. 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 12/2023, Housing Partnership Of Chester County Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Partnership Of Chester County 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 12/2023, Housing Partnership Of Chester County Inc generated $756.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $856.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 9 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE QUALITY OF LIFE FOR LOW-TO-MODERATE INCOME PEOPLE OF CHESTER COUNTY, PA, BY PROVIDING THE ABILITY TO ACQUIRE AND MAINTAIN DECENT AFFORDABLE HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FIRST TIME HOME BUYERS PROGRAM - ASSISTS LOW TO MODERATE INCOME INDIVIDUALS AND FAMILIES INTERESTED IN PURCHASING A HOME WITHIN CHESTER COUNTY, PA. PROGRAM PROVIDES PRE- PURCHASE HOME OWNERSHIP COUNSELING AND A MAXIMUM LOAN OF $20,000 FOR DOWN PAYMENT AND CLOSING COSTS TO FIRST TIME HOME BUYERS.
PENNSYLVANIA HOUSING AFFORDABILITY AND REHABILITATION ENHANCEMENT FUND (PHARE) MAY BE USED FOR THE FOLLOWING PURPOSES: TO PROVIDE SAFE AND SANITARY DWELLINGS FOR SALE OR RENT TO LOW INCOME AND MODERATE INCOME INDIVIDUALS; TO INCREASE THE AVAILABILITY OR QUALITY OF HOUSING FOR ELDERLY PERSONS; TO INCREASE THE AVAILABILITY OR QUALITY OF ACCESSIBLE HOUSING FOR PERSONS WITH DISABILITIES; TO PREVENT OR REDUCE HOMELESSNESS; TO PROVIDE MORTGAGE OR RENTAL ASSISTANCE, INCLUDING HOUSING COUNSELING, FORECLOSURE PREVENTION AND REFINANCING PRODUCTS; AND/OR TO PROVIDE LOANS, LOW-INTEREST LOANS OR GRANTS TO LOW-INCOME AND MODERATE-INCOME INDIVIDUALS OR FAMILIES WHO ARE OWNER-OCCUPANTS FOR REPAIRS AND IMPROVEMENT TO SUSTAIN OR INCREASE THE CONDITIONS OF THE HOME.
SENIOR CITIZEN HOME MAINTENANCE PROGRAM - PROVIDES BASIC HOME MAINTENANCE, REPAIRS AND ACCESS MODIFICATIONS FOR RESIDENTS OF CHESTER COUNTY, 65 YEARS OF AGE AND OLDER. COSTS ARE LIMITED TO $4,500 AND ARE CONSIDERED A ONE TIME FULL GRANT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Yurkutat President | OfficerTrustee | 3 | $0 |
Joseph Gangemi Vice President | OfficerTrustee | 3 | $0 |
Christopher M Breslin Treasurer | OfficerTrustee | 3 | $0 |
Roberta Healey Secretary | OfficerTrustee | 3 | $0 |
Anne Cowburn Director | Trustee | 3 | $0 |
Ellen B Koopman ESQ Director | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Schmidt Construction Construction | 12/30/19 | $239,915 |
Ted Lamonaca Construction | 12/30/19 | $120,405 |
Frank Kucera Construction | 12/30/19 | $108,842 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $24,523 |
| Related organizations | $0 |
| Government grants | $104,054 |
| All other contributions, gifts, grants, and similar amounts not included above | $221,827 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $350,404 |
| Total Program Service Revenue | $411,402 |
| Investment income | $7,903 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$13,454 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $756,255 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $306,587 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $104,702 |
| Compensation of current officers, directors, key employees. | $10,470 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $198,429 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $38,988 |
| Payroll taxes | $25,831 |
| Fees for services: Management | $66,020 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,806 |
| 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 | $22,790 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,052 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,024 |
| Interest | $3,389 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,527 |
| Insurance | $10,012 |
| All other expenses | $9,043 |
| Total functional expenses | $856,742 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $842,326 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,833 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,232,469 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,306 |
| Net Land, buildings, and equipment | $124,656 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $134,417 |
| Total assets | $3,345,007 |
| Accounts payable and accrued expenses | $4,614 |
| 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 | $55,067 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,894,529 |
| Total liabilities | $2,954,210 |
| Net assets without donor restrictions | -$3,779 |
| Net assets with donor restrictions | $394,576 |
| 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 | $3,345,007 |