Petra Community Housing

Organization Overview

Petra Community Housing is located in Spring City, PA. The organization was established in 1995. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 09/2023, Petra Community Housing employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Petra Community Housing 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 09/2023, Petra Community Housing generated $304.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (20.4%) each year. All expenses for the organization totaled $164.1k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (11.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

EXPANDING THE AVAILABILITY OF HOUSING TO VERY LOW, LOW & MODERATE INCOME PEOPLE AND FIRST TIME HOME BUYERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EXPANDING THE AVAILABILITY OF HOUSING TO VERY LOW, LOW & MODERATE INCOME PEOPLE AND FIRST TIME HOME BUYERS. WE STRIVE TO COLLABORATE WITH LOCAL AND STATE GOVERNMENT TO ENHANCE THE QUALITY OF LIFE FOR ELIGIBLE RESIDENTS. A RECENT EXAMPLE IS THE 48 APARTMENT STEELTOWN VILLAGE, AN AFFORDABLE WORKFORCE HOUSING COMMUNITY, UTILIZING FEDERAL LOW INCOME HOUSING TAX CREDITS AND OTHER PUBLIC AND PRIVATE FUNDING SOURCES. CONSTRUCTION WAS COMPLETE AS OF DECEMBER 31, 2018.


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Board, Officers & Key Employees

Name (title)Compensation
Jonathan Capeci
Executive Di
$27,500
Catherine Bianco
Director/pre
$0
David Bowman
Director
$0
Cathy Calhoun
Director
$0
Sandra Fry
Director
$0
Marie Rose Gibson
Director/sec
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $30,000
All other contributions, gifts, grants, and similar amounts not included above$5,265
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$35,265
Total Program Service Revenue$236,814
Investment income $19,185
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $7,943
Net Gain/Loss on Asset Sales $5,278
Net Income from Fundraising Events $210
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $304,695

Peer Organizations

Organization NameAssets
Chn Housing Partners
Cleveland, OH
$96,765,615
Aspire Of Western New York Inc
Getzville, NY
$101,152,023
Commission On Economic Opportunity Of Luzerne County
Wilkesbarre, PA
$57,591,408
Emerald Development And Economic
Cleveland, OH
$42,110,677
Highland Park Community Development Corporation
Brooklyn, NY
$32,111,607
Breaking Ground Housing Development Fund Corporation
New York, NY
$31,598,965
Womens Housing And Economic Development Corporation
Bronx, NY
$35,553,699
Springpoint Senior Living Inc
Cherry Hill, NJ
$14,747,303
Bridges Community Action Partnership
Marysville, OH
$14,195,773
Central Ohio Community Land Trust
Columbus, OH
$11,983,199
Affordable Housing Alliance Inc
Neptune, NJ
$12,663,705
Beyond Owners Group Inc
Willow Street, PA
$10,487,485
Housing And Services Inc
New York, NY
$9,413,839
Neighborhood Housing Services Of New York City Inc
New York City, NY
$10,193,207
University Properties Inc
East Stroudsburg, PA
$8,357,189
Willow Gardens Inc
New Rochelle, NY
$8,267,310
Community First Fund
Lancaster, PA
$17,453,841
Michaels Community Services Corporation
Camden, NJ
$7,269,990
Echelon Housing Inc
North Bethesda, MD
$4,416,757
Rebuilding Together Pittsburgh
Pittsburgh, PA
$5,314,491
Pennsylvania Community Real Estate Corporation
Philadelphia, PA
$5,456,918
Foresight Affordable Housing Of Maryland Inc
Ventnor City, NJ
$285
Advance Housing Inc
Paramus, NJ
$5,226,802
Housing Works Services Inc
Brooklyn, NY
$4,448,679
Audubon Mutual Housing Corporation
Audubon Park, NJ
$5,106,318

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