Partnership For Housing Affordability
- Assets
- $791.6k
- Revenue
- $502.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 05/2006
- Data as of
- 12/2021
- EIN
- 80-0099199
Organization Overview
Partnership For Housing Affordability is located in Richmond, VA. The organization was established in 2006. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Partnership For Housing Affordability 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 12/2021, Partnership For Housing Affordability generated $502.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.5% each year . All expenses for the organization totaled $474.3k during the year ending 12/2021. While expenses have increased by 24.5% per year over the past 7 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
THROUGH COORDINATION, EDUCATION, AND LEADERSHIP, WE WILL PROMOTE AFFORDABLE HOUSING POLICIES THAT MEET THE NEEDS OF ALL OF OUR CITIZENS AND STRENGTHEN THE REGION'S ECONOMIC VITALITY, ATTRACTIVENESS, AND COMPETITIVENESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PHA IMPLEMENTED 4 SOLUTIONS FROM ITS RICHMOND REGIONAL HOUSING FRAMEWORK, WHICH WAS RELEASED IN JANUARY 2020. IT HAS 13 IN PROGRESS AS OF DECEMBER 2021. DURING 2021, PHA MADE 29 PRESENTATIONS TO 633 STAKEHOLDERS ABOUT HOUSING NEEDS IN THE RICHMOND REGION.
THE HRL IS A PHONE-BASED, CENTRALIZED ACCESS POINT THAT CONNECTS RESIDENTS WITH HOUSING SERVICES AND RESOURCES. IT SERVES THE RICHMOND REGION. IN 2021, PHA'S HOUSING RESOURCE LINE TOOK 7850 CALLS FROM AREA RESIDENTS WITH HOUSING NEEDS, AND MADE MORE THAN 15,000 REFERRALS TO PARTNER AGENCIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bernard Harkless Chairman | OfficerTrustee | 2 | $0 |
Thomas Wohlfarth Treasurer | OfficerTrustee | 2 | $0 |
Laura Lafayette Executive Director | Officer | 2 | $0 |
Nathalia Artus Director | Trustee | 2 | $0 |
Daniel Cohen Director | Trustee | 2 | $0 |
Nora Amos Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $58,787 |
| All other contributions, gifts, grants, and similar amounts not included above | $443,197 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $501,984 |
| Total Program Service Revenue | $0 |
| Investment income | $584 |
| 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 | $502,568 |
| 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 | $248,414 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $79 |
| Office expenses | $3,411 |
| Information technology | $585 |
| 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 | $1,478 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,185 |
| Total functional expenses | $474,342 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $569,140 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $222,460 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $791,600 |
| Accounts payable and accrued expenses | $42,979 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,400 |
| Total liabilities | $47,379 |
| Net assets without donor restrictions | $297,049 |
| Net assets with donor restrictions | $447,172 |
| 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 | $791,600 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Partnership For Housing Affordability has recieved totaling $336,660.
| Awarding Organization | Amount |
|---|---|
Virginia Nonproit Housing Coalition Richmond, VA PURPOSE: HOUSING RESOURCE LINE, ADMIN | $140,000 |
Virginia Nonproit Housing Coalition Richmond, VA PURPOSE: HOUSING RESOURCE LINE, ADMIN | $71,660 |
The Community Foundation Inc Richmond, VA PURPOSE: GENERAL PURPOSES | $50,000 |
The Jackson Foundation Richmond, VA PURPOSE: GENERAL PURPOSES | $25,000 |
Dominion Energy Charitable Foundation Richmond, VA PURPOSE: RICHMOND REGIONAL HOUSING RESOURCE LINE 2022 | $25,000 |
Bon Secours Richmond Health System Richmond, VA PURPOSE: MISSION SUPPORT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Seminar Network Inc Arlington, VA | $360,026,954 | $278,674,897 |
West Virginia University Medical Corporation Morgantown, WV | $21,363,966 | $59,205,918 |
Old Dominion Land Conservancy Inc Purcellville, VA | $5,990,691 | $40,101,797 |
Maryland Innovation And Security Institute Inc Baltimore, MD | $10,081,190 | $24,715,450 |
Community Action Council Of Howard County Md Inc Columbia, MD | $15,922,810 | $23,897,066 |
Cal Ripken Sr Foundation Inc Baltimore, MD | $24,973,997 | $16,406,660 |
American Association For Clinical Chemistry Inc Washington, DC | $31,632,986 | $18,150,460 |
Susan B Anthony List Inc Arlington, VA | $6,109,204 | $16,065,131 |
Aids United Washington, DC | $16,240,693 | $19,019,266 |
Media Matters For America Washington, DC | $25,734,430 | $18,794,929 |
Connected Nation Inc Bowling Green, KY | $5,021,239 | $16,572,653 |
Appletree Institute For Education Innovation Inc Washington, DC | $11,136,365 | $16,950,350 |