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Pha Housing Development Ltd

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 020481882 ✦ Portsmouth, NH ✦ Designated as a 501(c)(3)

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Overview

What is Pha Housing Development Ltd?

Pha Housing Development Ltd, located in Portsmouth, New Hampshire, is a nonprofit organization that was established by the Portsmouth Housing Authority (Federal ID# 02-0232672). Their primary mission is to support affordable housing in the community. Specifically, they provide and advocate for affordable housing solutions within Portsmouth, contributing to the overall goal of the Housing Authority. The organization operates under this mandate, working diligently to meet the needs of the local population.

Is Pha Housing Development Ltd legitimate?

Pha Housing Development Ltd is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pha Housing Development Ltd submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Pha Housing Development Ltd?

Pha Housing Development Ltd was established by the Portsmouth Housing Authority with the federal ID number 02-0232672, with the primary objective of contributing to the purposes of the Housing Authority. The organization's main mission is to provide and support affordable housing, demonstrating a commitment to making housing accessible for various individuals. By doing so, Pha Housing Development Ltd aims to contribute positively to the community, aligning with the broader objectives of the Portsmouth Housing Authority. The organization's activities are focused on addressing housing affordability, with an emphasis on providing suitable living arrangements for individuals in need.

Who is the CEO of Pha Housing Development Ltd?

Craig Welch is the Director of Pha Housing Development Ltd.

What is the revenue of Pha Housing Development Ltd?

Pha Housing Development Ltd's revenue in 2022 was $1,674,693.

Who are the executives of Pha Housing Development Ltd and what are their salaries?


Here are 6 key members and their salaries:


John Bohenko (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathleen Bergeron (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ernie Carrier (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Ferrini (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Adam Ruedig (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Katherine Kane (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Pha Housing Development Ltd?

Pha Housing Development Ltd's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Pha Housing Development Ltd

Pha Housing Development Ltd, established by the Portsmouth Housing Authority with the Federal ID number 02-0232672, was founded with a mission to support the broader objectives of the Housing Authority. In essence, this organization is dedicated to providing and supporting affordable housing within its capacity. By doing so, Pha Housing Development Ltd aims to contribute to the overall housing landscape, ensuring that a wide range of individuals have access to reasonably priced housing solutions.

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Impact




October, 2024

Pha Housing Development Ltd plays a crucial role in providing and supporting affordable housing in Portsmouth, New Hampshire. By facilitating access to housing, the organization helps to address the needs of the community, ensuring that individuals and families have safe and stable living conditions. This support not only enhances the quality of life for residents but also contributes to the overall stability and economic vitality of the area. Through its efforts, Pha Housing Development Ltd significantly impacts the accessibility of housing, enabling more people to find homes that fit their budget and needs, and fostering a sense of community in Portsmouth.




This information is meant to be a general summary of Pha Housing Development Ltd. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,674,693 (2022)
Expenses
$602,303 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $98,038
  • Program Service Revenue: $476,958
  • Gross Receipts: $1,689,337

Assets and Liabilities:

  • Total Assets: $10,418,843
  • Total Liabilities: $838,800
  • Net Assets: $9,580,043

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

DEVELOPMENT FEES

Revenue

$225,354

TENANT RENT

Revenue

$184,757

LAUNDRY/VENDING & MISC

Revenue

$66,861

PARTNERHSIP PASS-THROU

Revenue

-$14

Organization Details

Founding Year

1998

Principal Officer

Craig Welch

Main Address

245 MIDDLE STREET, PORTSMOUTH, NH, 03801

NTEE Category

Code: L20 - Housing

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