Overview
What is Philadelphia Housing Development Corporation?
The Philadelphia Housing Development Corporation is a nonprofit organization based in Philadelphia, Pennsylvania. Situated at 1234 Market Street, 17th Floor, they dedicate their efforts to providing affordable housing and financial assistance for home repairs, primarily focusing on low-income residents. Through their initiatives, they offer home repair assistance and rental assistance, specifically for individuals impacted by the pandemic. Their mission is to ensure that residents have access to safe and affordable living conditions. With a team of 192 employees, the corporation is committed to enhancing the quality of life for those in need.
Official website here: www.phdchousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Stars)
The Philadelphia Housing Development Corporation has received a Three-Star rating from Charity Navigator, reflecting its solid performance in accountability and finance, with an overall score driven entirely by this beacon. The organization demonstrates strong governance practices, including a fully independent board and thorough financial oversight. Notably, they scored full marks in key areas such as material diversion of assets and the availability of essential documents, showcasing a commitment to transparency.
The organization excels with a high program expense ratio of 79.09%, indicating that a significant portion of its funds is directed toward fulfilling its mission rather than administrative costs. Additionally, the presence of policies related to conflict of interest, whistleblower protections, and document retention further underscores its dedication to ethical management and operational integrity.
However, while the financial aspects are commendable, potential donors and stakeholders may want to explore more about its programs and impact results. The reliance on a single beacon score means that a broader evaluation of effectiveness and mission fulfillment is not reflected in this rating, which could be a consideration for those looking to support the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Philadelphia Housing Development Corporation legitimate?
Philadelphia Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Philadelphia 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: $332,818
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,147,386
For more financial information, click here
Official website here: www.phdchousing.org
What is the mission statement of Philadelphia Housing Development Corporation?
The Philadelphia Housing Development Corporation is dedicated to providing affordable housing options and financial assistance for those in need. Their mission encompasses offering home repair assistance to low-income homeowners and rental assistance for individuals affected by the pandemic. By focusing on these critical areas, they strive to improve living conditions and provide relief to financially challenged residents. Through various programs, they aim to make housing more accessible and ensure homeowners can maintain their properties while those in need of rental assistance can continue to have a stable living situation.
Official website here: www.phdchousing.org
Who is the CEO of Philadelphia Housing Development Corporation?
David Thomas is the Executive Vice President of Philadelphia Housing Development Corporation.
Official website here: www.phdchousing.org
What is the revenue of Philadelphia Housing Development Corporation?
Philadelphia Housing Development Corporation's revenue in 2022 was $247,066,079.
Official website here: www.phdchousing.org
Who are the executives of Philadelphia Housing Development Corporation and what are their salaries?
The average compensation at Philadelphia Housing Development Corporation during 2022 was $12,918. There are 192 employees and 9 volunteers at Philadelphia Housing Development Corporation.
Here are 16 key members and their salaries:
- Compensation: $160,546
- Related: $0
- Other: $25,952
- Compensation: $147,180
- Related: $0
- Other: $0
- Compensation: $141,875
- Related: $0
- Other: $32,719
- Compensation: $135,854
- Related: $0
- Other: $11,244
- Compensation: $131,067
- Related: $0
- Other: $32,719
- Compensation: $118,593
- Related: $0
- Other: $32,719
- Compensation: $116,716
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.phdchousing.org
Where can I find the form 990 for Philadelphia Housing Development Corporation?
Philadelphia Housing Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.phdchousing.org
Learn more at the official website: www.phdchousing.org
Mission Statement of Philadelphia Housing Development Corporation
The Philadelphia Housing Development Corporation, a notable nonprofit organization, is dedicated to providing affordable housing solutions and financial assistance for home repairs aimed at low-income residents. In simple terms, it strives to enhance living conditions for those in financial need.
This esteemed organization takes pride in offering home repair assistance to low-income homeowners. By providing this essential service, it enables homeowners to maintain their residences and improve their living environments. Furthermore, the Philadelphia Housing Development Corporation extends a helping hand to individuals by offering rental assistance for those affected by the pandemic.
The mission of the Philadelphia Housing Development Corporation is a beacon of hope for many. Its unwavering commitment to assisting low-income residents not only ensures they have a safe and decent place to call home but also enables them to focus on other aspects of their lives. By addressing the basic need for housing, the organization paves the way for its clients to thrive and build a better future for themselves and their families.
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Impact
October, 2024
The Philadelphia Housing Development Corporation significantly impacts the community by providing affordable housing and essential financial assistance to low-income residents. Its efforts focus on facilitating home repair assistance, ensuring that homeowners in need can maintain safe and livable conditions in their properties. Additionally, the organization plays a vital role in addressing the challenges faced by individuals affected by the pandemic by offering rental assistance, helping to stabilize housing situations during difficult times. Overall, the corporation contributes to enhancing the quality of life for vulnerable populations in Philadelphia, promoting not just housing stability but also community resilience.
This information is meant to be a general summary of Philadelphia 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $86,021
- Gross Receipts: $247,066,079
Assets and Liabilities:
- Total Assets: $81,202,288
- Total Liabilities: $74,327,988
- Net Assets: $6,874,300
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Organization Details
Founding Year
1965
Phone
(215) 448-3110Principal Officer
David Thomas
Main Address
1234 MARKET STREET - 17TH FLOOR, PHILADELPHIA, PA, 19107
Website
www.phdchousing.orgNTEE Category
Code: L250 - Housing
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