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First Shared Housing Corp

Tax-deductible

Philadelphia, PA501(c)(3)Housing EIN 22-2536011Revenue $106K in FY2025Latest return filed Apr 15, 2026

On file with the IRSPhiladelphia, PATax-exempt since Jul 1984Publicly supported — 509(a)(2)

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The corporation owns and manages 6 units of Shared senior Housing for low income senior citizens and the disabled at 540 south 61st street, philadelphia, pennsylvania obtained and coordinated delivery of services to our low income elderly or disabled tenants.

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
Run by 10 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
2 of 6
filings with a surplus
Average deficit $12K a year · 14% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$520K
668% of total assets
Concern: liabilities are 668% of assets; over 80%.
Pt X · Ln 26
Independent board members
1
of 2 voting members
Fine: 1 of 2 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$106K
+38% vs prior year
Spent
$102K
To programs
74%
Net assets
−$442K
By yearFY2020–FY2025
Revenue
$106K
FY2025▲ +38%
Tap a bar for its year
Revenue by fiscal year
FY2020$79K
FY2021$70K
FY2022$75K
FY2023$70K
FY2024$77K
FY2025$106K
Expenses
$102K
FY2025▼ -7%
Tap a bar for its year
Expenses by fiscal year
FY2020$77K
FY2021$72K
FY2022$92K
FY2023$93K
FY2024$110K
FY2025$102K
Net assets
−$442K
FY2025▲ +0.8%
Tap a bar for its year
Net assets by fiscal year
FY2020−$371K
FY2021−$372K
FY2022−$389K
FY2023−$412K
FY2024−$445K
FY2025−$442K

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

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1984.

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

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $76K Management & general 26% · $27K

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

Something off? Claim to add context

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Andrew Anderson
President/Secretary
$0Pt VII · Sec A
Hollister Knowlton
Vice President/Treasurer
$0Pt VII · Sec A
Suzanne Davis
Asst Secretary
$0Pt VII · Sec A
See First Shared Housing Corp executive salaries →

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

Provides shared housing and services for low-income seniors and disabled individuals.

Questions for First Shared Housing Corp

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Your first name shows with your question. First Shared Housing Corp answers here, for everyone.

1 program · $76K · in their own filed words · FY2024
01

Managed and maintained 6 units of shared housing for low income senior citizens

$76Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$106K
Ln 12
Gifts and grantsLn 1h$88K
Fees for servicesLn 2g$18K
Investment incomeLn 3$4
Money outPt IX
$102K
Ln 25
Programscol B$76K
Managementcol C$27K
Owns and owesPt X
−$442K
net assets · Ln 32
Cash and savingsLn 1–2$12K
Total assetsLn 16$78K
LiabilitiesLn 26$520K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a2
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$88K
Government grantsLn 1e$88K
Fees for servicesLn 2g$18K
Investment incomeLn 3$4
Total revenueLn 12$106K
Assets in detailPt X, end of year
CashLn 1$12K
Cash and savings togetherLn 1–2$12K
Prepaid expenses and deferred chargesLn 9$3K
Land, buildings, equipmentLn 10c$48K
Other assetsLn 15$14K
Total assetsLn 16$78K
LiabilitiesLn 26$520K
Net assetsLn 32−$442K
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$6K$12K
Land, buildings, equipmentLn 10c$53K$48K
Total assetsLn 16$77K$78K
LiabilitiesLn 26$522K$520K
Net assetsLn 32−$445K−$442K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$13K$13K
Other employee benefitsLn 9$1K$1K
Payroll taxesLn 10$989$989
Management feesLn 11a$3K$3K
Accounting feesLn 11c$576$576
OccupancyLn 16$63K$63K
InterestLn 20$6K$6K
Depreciation, depletion and amortizationLn 22$4K$4K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$8K$414$8K
Total functional expensesLn 25$102K$76K$27K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Apr 15, 2026 $106K$102K$3K−$442K 990 PDF
FY2024Filed with the IRS Apr 15, 2025 $77K$110K−$34K−$445K 990 PDF
FY2023Filed with the IRS Apr 12, 2024 $70K$93K−$22K−$412K 990 PDF
FY2022Filed with the IRS Apr 17, 2023 $75K$92K−$17K−$389K 990 PDF
FY2021Filed with the IRS Apr 12, 2022 $70K$72K−$1K−$372K 990 PDF
FY2020Filed with the IRS Apr 11, 2021 $79K$77K$2K−$371K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $105,697 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $63,185$88,185
I-9 Program service revenuePrior year $13,429$17,508
I-10 Investment incomePrior year $3$4
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $76,617$105,697
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $12,911$15,176
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $97,534$87,025
I-18 Total expensesPrior year $110,445$102,201
I-19 Revenue less expensesPrior year −$33,828$3,496
Part VI · Governance 1 of 2 board members independent, 1 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members1
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $105,697 across 5 lines filed
VIII-1e Government grants$88,185
VIII-1h Total contributions, gifts and grants$88,185
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $17,508$17,508
VIII-3 Investment incomeExcluded from tax $4$4
VIII-12 Total revenueRelated to mission $17,508 · Unrelated business $0 · Excluded from tax $4$105,697
Part IX · Statement of functional expenses $102,201 across 10 lines filed
IX-7 Other salaries and wagesManagement $12,903$12,903
IX-9 Other employee benefitsManagement $1,284$1,284
IX-10 Payroll taxesManagement $989$989
IX-11a Management feesManagement $2,760$2,760
IX-11c Accounting feesManagement $576$576
IX-16 OccupancyPrograms $62,910$62,910
IX-20 InterestPrograms $6,314$6,314
IX-22 Depreciation, depletion and amortizationPrograms $4,297$4,297
IX-23 InsurancePrograms $1,679$1,679
IX-24 Other expenses (24a–d)Programs $414 · Management $8,075$8,489
IX-25 Total functional expensesPrograms $75,614 · Management $26,587 · Fundraising $0$102,201
Part X · Balance sheet $77,746 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $5,731$12,144
X-4 Accounts receivableStart of year $2,142$0
X-9 Prepaid expenses and deferred chargesStart of year $68$3,249
X-10c Land, buildings and equipment, netStart of year $52,544$48,247
X-15 Other assetsStart of year $16,579$14,106
X-16 Total assetsStart of year $77,064$77,746
X-17 Accounts payable and accrued expensesStart of year $23,446$17,553
X-23 Secured mortgages and notes payableStart of year $117,306$103,619
X-25 Other liabilitiesStart of year $381,712$398,478
X-26 Total liabilitiesStart of year $522,464$519,650
X-27 Net assets without donor restrictionsStart of year −$445,400−$441,904
X-32 Total net assets or fund balancesStart of year −$445,400−$441,904
X-33 Total liabilities and net assetsStart of year $77,064$77,746
Part XI · Reconciliation of net assets −$441,904 net assets at year end
XI-1 Total revenue$105,697
XI-2 Total expenses$102,201
XI-3 Revenue less expenses$3,496
XI-4 Net assets at start of year−$445,400
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$441,904

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

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