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Walnut Housing Development Corporation

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

EIN: 223864570 ✦ Philadelphia, PA ✦ Designated as a 501(c)(3)

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Overview

What is Walnut Housing Development Corporation?

Walnut Housing Development Corporation is a nonprofit organization situated in Philadelphia, Pennsylvania. Its primary mission is to provide affordable and permanent housing for disabled individuals, catering to their physical, social, and psychological needs. Established to address the housing needs of the elderly and handicapped, the organization successfully provided 12 housing units during the fiscal year ending June 30, 2022. The corporation's activities include acquiring, rehabilitating, constructing, owning, and operating affordable housing projects in Philadelphia, guided by federal, state, or county officials' identifications of eligible individuals.


Official website here: www.missionfirsthousing.org

Is Walnut Housing Development Corporation legitimate?

Walnut Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Walnut Housing Development Corporation 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: $23,380

For more financial information, click here


Official website here: www.missionfirsthousing.org

What is the mission statement of Walnut Housing Development Corporation?

Walnut Housing Development Corporation is committed to acquiring, rehabilitating, constructing, owning, and operating affordable housing projects. The primary aim of this organization is to provide safe, affordable, and permanent housing for individuals with disabilities, as identified by federal, state, or county officials. The corporation's mission is to enhance the living conditions of disabled persons by offering housing facilities and services tailored to meet their physical, social, and psychological needs. During the year ending June 30, 2022, the organization successfully provided 12 housing units for elderly and handicapped individuals.


Official website here: www.missionfirsthousing.org

Who is the CEO of Walnut Housing Development Corporation?

Thomas Ak Queenan is the President of Walnut Housing Development Corporation.


Official website here: www.missionfirsthousing.org

What is the revenue of Walnut Housing Development Corporation?

Walnut Housing Development Corporation's revenue in 2022 was $88,249.


Official website here: www.missionfirsthousing.org

Who are the executives of Walnut Housing Development Corporation and what are their salaries?

There 5 volunteers at Walnut Housing Development Corporation.


Here are 7 key members and their salaries:


Ted Weerts (Chair/Vp)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Unger Esq (Co-Chair/Vp)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Kilcoyne (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Kwait Esq (Secretary)
  • Compensation: $0
  • Related: $215,076
  • Other: $20,395
Mark Dietcher (Treasurer)
  • Compensation: $0
  • Related: $197,715
  • Other: $20,779
Chip Darling (Vice President)
  • Compensation: $0
  • Related: $185,000
  • Other: $20,395
Thomas Ak Queenan (President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.missionfirsthousing.org

Where can I find the form 990 for Walnut Housing Development Corporation?

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


Official website here: www.missionfirsthousing.org

Learn more at the official website: www.missionfirsthousing.org

Mission Statement of Walnut Housing Development Corporation

Walnut Housing Development Corporation is an organization with a mission to acquire, rehabilitate, construct, own, and operate affordable housing projects. Their primary objective is to provide safe, affordable, and permanent housing for individuals identified as disabled by federal, state, or county officials. This nonprofit is dedicated to addressing the physical, social, and psychological needs of these disabled individuals, ensuring they have access to suitable housing facilities. As of the year ending June 30, 2022, Walnut Housing Development Corporation had provided 12 housing units specifically for the elderly and handicapped persons.

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Impact




October, 2024

Walnut Housing Development Corporation significantly contributes to the Philadelphia community by focusing on affordable housing solutions for low-income individuals, particularly those with disabilities. By acquiring, rehabilitating, constructing, and operating housing projects, the organization addresses the critical need for safe and permanent living spaces tailored to the unique physical, social, and psychological requirements of disabled persons.

In the year ending June 30, 2022, Walnut Housing successfully provided 12 housing units specifically designed for elderly and handicapped individuals. This initiative not only enhances the accessibility of housing options but also fosters a supportive environment that empowers residents to lead more independent lives. By prioritizing the development of affordable housing, the organization plays a vital role in improving the quality of life for some of the most vulnerable members of the community in Philadelphia.




This information is meant to be a general summary of Walnut Housing Development Corporation. 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
$88,249 (2022)
Expenses
$155,169 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $12
  • Program Service Revenue: $88,237
  • Gross Receipts: $88,249

Assets and Liabilities:

  • Total Assets: $892,563
  • Total Liabilities: $368,698
  • Net Assets: $523,865

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Programs

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

TENANT ASSISTANCE PAYM

Revenue

$52,655

RENT REVENUE

Revenue

$35,582

Organization Details

Founding Year

2002

Principal Officer

Thomas Ak Queenan

Main Address

2042-48 ARCH STREET 2ND FLOOR, PHILADELPHIA, PA, 191031412

NTEE Category

Code: L21 - Housing

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