Bustleton Housing Development Corporation EIN 20-0870429 Form 990 (PDF) Claim this org

Bustleton Housing Development Corporation FY2024 filing

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Provides safe, affordable, permanent housing for disabled individuals in Philadelphia. For fiscal year 2024 it reported $79K in revenue, $128K in expenses, and $427K in net assets.Pt I

Founded
2004
Type
Public charity (501(c)(3)) · Human Services
Location
Philadelphia, PA
Website
missionfirsthousing.org
Filings
5 on file (2020–2024)
Revenue
$79KFY2024
Expenses
$128K
Net assets
$427K
People
11
Filings
5
Updates
0
More identity details & actions ⌄
EIN  20-0870429 Public charity (501(c)(3)) Philadelphia, PA Founded 2004
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides safe, affordable, permanent housing for disabled individuals in Philadelphia.
Leadership
Money in and out
$79K revenue, $128K expenses
Bottom line
92% program efficiency
Where the money goes · FY2024
Total revenue
$79K
Pt VIII · Ln 12
Total expenses
$128K
Pt IX · Ln 25
Net assets
$427K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$49K
Where spending went · Part IX cols B–D
Program services $0.92 Management & general $0.08
Program efficiency
92%
of spending reaches programs
Operating runway
0.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
-61%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$79K
FY2024▲ +5%
Expenses
$128K
FY2024▼ -21%
Total assets
$818K
FY2024▲ +0.8%
Total liabilities
$391K
FY2024▲ +16%
Total revenue
$79K
Pt VIII · Ln 12
Total expenses
$128K
Pt IX · Ln 25
Net assets
$427K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$49K
Total assetsPt X · Ln 16$818K
Program-expense ratioPt IX · col B92%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

1 program service account for $118K of program spending, described in the organization's own filed words · FY2023.
01

Established to provide disabled persons with housing facilities and services designed to meet their physical, social and psychological needs. During the year ended 06/30/2023, the organization provided 11 housing units to disabled persons.

$118Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBustleton Housing Development Corporation
EINHdr · item D20-0870429
Principal addressHdr · item CPhiladelphia, PA
WebsiteHdr · item Jmissionfirsthousing.org
Year of formationHdr · item L2004
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P74)
Ruling yearIRS BMFApr 2004

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President & CEO
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue$73K · 92%
Other revenue$6K · 8%
Program service revenue92%$73K
Other revenue8%$6K
Investment income$44
Total revenueLn 12$79K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.92 Management & general $0.08
Program services92%$118K
Management & general8%$10K
Total functional expensesLn 25$128K

Balance Sheet

Part X · end of year
CashLn 1$4K
Total assetsLn 16$818K
Total liabilitiesLn 26$391K
Total net assetsLn 32$427K
Months of cash on handcomputed0.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $4K · Operating expenses/yr $128K
0.4 months
Where the money goes
Program services
Program services $118K · Total expenses $128K
92%
Management & General
Management & general $10K · Total expenses $128K
8%
Fundraising
Fundraising $0 · Total expenses $128K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $79K
0%
Government reliance
Government grants — · Total revenue $79K
Earned-income share
Program service revenue $73K · Total revenue $79K
92%
Investment reliance
Investment income $44 · Total revenue $79K
+0.06%
Program self-sufficiency
Program service revenue $73K · Total expenses $128K
57%
Growth & trend
Revenue growth (YoY)
This year $79K · Prior year $76K
+5%
Revenue CAGR
FY2019 $216K · FY2023 $79K
-22%
Net-asset trend (YoY)
End of year $427K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $79K · Expenses $128K
-61%
Liabilities-to-Assets
Total liabilities — · Total assets $818K
Net-asset ratio
Net assets $427K · Total assets $818K
52%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $818K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Michael Davidson ESQ · Reported title CHAIR · Highest reported compensation $0 · Total expenses $128K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $27K · Total expenses $128K
21%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 92%
Overhead ratio 8%
Revenue growth 5%
Legal fee ratio 0.9%
Accounting fee ratio 7%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$79K revenue · viewing · ⤓ 990 PDF
FY2023$76K revenue · ⤓ 990 PDF
FY2022$76K revenue · ⤓ 990 PDF
FY2021$75K revenue · ⤓ 990 PDF
FY2020$216K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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