Overview
What is Petra Community Housing?
Petra Community Housing is a nonprofit organization based in Spring City, Pennsylvania, with a focus on expanding housing opportunities for individuals and families with low to moderate incomes and first-time homebuyers. Their mission involves collaborating with local and state governments to enhance the quality of life for eligible residents. As a recent example, they completed construction of Steeltown Village, an affordable workforce housing community, utilizing federal low-income housing tax credits and various public and private funding sources. The organization, with a workforce of 14 employees, aims to make housing more accessible and improve living conditions for their targeted community.
Official website here: www.petrach.org
Is Petra Community Housing legitimate?
Petra Community Housing is a legitimate nonprofit organization registered as a 501(c)(3) entity. Petra Community Housing 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: $91,044
For more financial information, click here
Official website here: www.petrach.org
What is the mission statement of Petra Community Housing?
Petra Community Housing's mission is focused on expanding the accessibility of housing for individuals and families with low to moderate incomes, as well as first-time homebuyers. They strive to collaborate with local and state governments to improve the quality of life for eligible residents. As an example, they successfully completed the construction of SteelTown Village, an affordable workforce housing community, in 2018, utilizing federal low-income housing tax credits and other public and private funding sources.
Official website here: www.petrach.org
Who is the CEO of Petra Community Housing?
Jonathan Capeci is the Executive Di of Petra Community Housing.
Official website here: www.petrach.org
What is the revenue of Petra Community Housing?
Petra Community Housing's revenue in 2023 was $304,695.
Official website here: www.petrach.org
Who are the executives of Petra Community Housing and what are their salaries?
The average compensation at Petra Community Housing during 2023 was $6,503. There are 14 employees and 12 volunteers at Petra Community Housing.
Here are 12 key members and their salaries:
- Compensation: $27,500
- Related: $63,000
- Other: $22,541
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.petrach.org
Where can I find the form 990 for Petra Community Housing?
Petra Community Housing's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.petrach.org
Learn more at the official website: www.petrach.org
Mission Statement of Petra Community Housing
Petra Community Housing, as an organization, is committed to expanding the availability of housing for individuals and families who fall under the categories of very low, low, and moderate income, as well as first-time homebuyers. Their mission is to collaborate with both local and state governments in an effort to enhance the quality of life for eligible residents. As evidence of their dedication, they recently completed the construction of Steeltown Village, an affordable workforce housing community, utilizing federal low-income housing tax credits and various public and private funding sources. This project, completed in 2018, serves as a testament to Petra Community Housing's commitment to providing access to housing for those who need it most.
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Impact
October, 2024
Petra Community Housing significantly impacts the availability of affordable housing for very low, low, and moderate-income individuals and first-time homebuyers. By collaborating with local and state governments, they enhance the quality of life for eligible residents. A prime example of their work is Steeltown Village, a 48-apartment community designed to provide affordable workforce housing. This initiative utilized federal low-income housing tax credits along with various public and private funding sources, culminating in the completion of construction by the end of 2018. Their efforts not only address immediate housing needs but also contribute to broader community stability and economic growth in Spring City, PA.
This information is meant to be a general summary of Petra Community Housing. 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 2023.
- Investment Income: $24,463
- Program Service Revenue: $236,814
- Gross Receipts: $355,428
Assets and Liabilities:
- Total Assets: $2,830,096
- Total Liabilities: $212,381
- Net Assets: $2,617,715
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$174,928
DEVELOPER FEE INCOME
Revenue
$48,872
DEBT FORGIVENESS
Revenue
$6,826
REIMBURSEMENTS
Revenue
$5,724
MISCELLANEOUS
Revenue
$464
Organization Details
Founding Year
1994
Phone
(610) 948-1797Principal Officer
Jonathan Capeci
Main Address
201 S MAIN STREET, SPRING CITY, PA, 19475
Website
www.petrach.orgNTEE Category
Code: L80 - Housing
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