Liberty Housing Development Corp

Tax-deductible

Philadelphia, PA501(c)(3)HousingEIN 20-8951029

Hud housing project that creates affordable accessible integrated housing for people with disabilities.

501(c)(3) charity; gifts are tax-deductible.
46¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $16K a year · 7% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
46%
of spending
Concern: 46% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
14 mo
of spending, in cash
Looks good: 14.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.8M
95% of total assets
Concern: liabilities are 95% of assets; over 80%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$202K
+23% vs prior year
Spent
$265K
To programs
46%
Net assets
$143K
By yearFY2020–FY2025
Revenue
$202K
FY2025▲ +23%
Revenue by fiscal year
FY2020$109K
FY2021$351K
FY2022$479K
FY2023$114K
FY2024$164K
FY2025$202K
Expenses
$265K
FY2025▼ -12%
Expenses by fiscal year
FY2020$107K
FY2021$233K
FY2022$187K
FY2023$232K
FY2024$300K
FY2025$265K
Net assets
$143K
FY2025▼ -31%
Net assets by fiscal year
FY2020$161K
FY2021$279K
FY2022$461K
FY2023$343K
FY2024$207K
FY2025$143K

From the FY2025 Form 990 (year ending June 2025) · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2008.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

46 cents of each dollar spent went to programs.

Program services 46% · $122K Management & general 54% · $143K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
See Liberty Housing Development Corp executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Develops affordable, accessible housing for people with disabilities.

Provided by the organization

This section is blank until Liberty Housing Development Corp claims this page.

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1 program service account for $122K of program spending, described in the organization's own filed words · FY2024.
01

Hud housing project that creates affordable accessible integrated housing for people with disabilities.

$122Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$25K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$202K
Ln 12
Fees for servicesLn 2g$147K
Other incomeLn 4–11$55K
Gifts and grantsLn 1h$400
Money outPt IX
$265K
Ln 25
Programscol B$122K
Managementcol C$143K
Owns and owesPt X
$143K
net assets · Ln 32
Cash and savingsLn 1–2$316K
Total assetsLn 16$3.0M
LiabilitiesLn 26$2.8M
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$400
Fees for servicesLn 2g$147K
Other incomeLn 4–11$55K
Total revenueLn 12$202K
Assets in detailPt X, end of year
CashLn 1$316K
Cash and savings togetherLn 1–2$316K
Land, buildings, equipmentLn 10c$886K
Other assetsLn 15$1.8M
Total assetsLn 16$3.0M
LiabilitiesLn 26$2.8M
Net assetsLn 32$143K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$72K$316K
Land, buildings, equipmentLn 10c$834K$886K
Total assetsLn 16$2.4M$3.0M
LiabilitiesLn 26$2.2M$2.8M
Net assetsLn 32$207K$143K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$55K$55K
Other employee benefitsLn 9$9K$9K
Payroll taxesLn 10$4K$4K
Legal feesLn 11b$26K$26K
Other fees for servicesLn 11g$61K$55K$7K
Office expensesLn 13$5K$5K
TravelLn 17$5K$5K
Depreciation, depletion and amortizationLn 22$5K$5K
InsuranceLn 23$20K$20K
Other expenses (24a–d)Ln 24$71K$63K$9K
All other expensesLn 24e$4K$4K
Total functional expensesLn 25$265K$122K$143K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $202K$265K−$64K$143K 990 PDF
FY2024 $164K$300K−$136K$207K 990 PDF
FY2023 $114K$232K−$118K$343K 990 PDF
FY2022 $479K$187K$292K$461K 990 PDF
FY2021 $351K$233K$118K$279K 990 PDF
FY2020 $109K$107K$2K$161K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $201,959 across 5 lines filed
VIII-1f All other contributions, gifts and grants$400
VIII-1h Total contributions, gifts and grants$400
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $146,827$146,827
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $54,732$54,732
VIII-12 Total revenueRelated to mission $201,559 · Unrelated business $0 · Excluded from tax $0$201,959
Part IX · Statement of functional expenses $265,471 across 11 lines filed
IX-7 Other salaries and wagesManagement $54,689$54,689
IX-9 Other employee benefitsManagement $9,080$9,080
IX-10 Payroll taxesManagement $3,545$3,545
IX-11b Legal feesManagement $25,765$25,765
IX-11g Other fees for servicesPrograms $54,564 · Management $6,650$61,214
IX-13 Office expensesManagement $5,142$5,142
IX-17 TravelManagement $5,435$5,435
IX-22 Depreciation, depletion and amortizationPrograms $5,052$5,052
IX-23 InsuranceManagement $19,941$19,941
IX-24 Other expenses (24a–d)Programs $62,773 · Management $8,586$71,359
IX-24e All other expensesManagement $4,249$4,249
IX-25 Total functional expensesPrograms $122,389 · Management $143,082 · Fundraising $0$265,471
Part X · Balance sheet $2,976,113 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $71,842$315,558
X-4 Accounts receivableStart of year $39,911$21,173
X-9 Prepaid expenses and deferred charges$85
X-10c Land, buildings and equipment, netStart of year $833,661$885,609
X-15 Other assetsStart of year $1,471,887$1,753,688
X-16 Total assetsStart of year $2,417,301$2,976,113
X-17 Accounts payable and accrued expensesStart of year $2,193,834$2,313,021
X-25 Other liabilitiesStart of year $16,683$292,803
X-26 Total liabilitiesStart of year $2,210,517$2,832,841
X-27 Net assets without donor restrictionsStart of year $206,784$143,272
X-32 Total net assets or fund balancesStart of year $206,784$143,272
X-33 Total liabilities and net assetsStart of year $2,417,301$2,976,113
Part XI · Reconciliation of net assets $143,272 net assets at year end
XI-1 Total revenue$201,959
XI-2 Total expenses$265,471
XI-3 Revenue less expenses−$63,512
XI-4 Net assets at start of year$206,784
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$143,272

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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