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First Shared Housing Corp FY2020 filing

Tax-deductible

Philadelphia, PA501(c)(3)HousingEIN 22-2536011

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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.
58¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
58%
of spending
Worth a look: 58% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$464K
498% of total assets
Concern: liabilities are 498% of assets; over 80%.
Pt X · Ln 26
Independent board members
2
of 10 voting members
Worth a look: 2 of 10 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$79K
Spent
$77K
To programs
58%
Net assets
−$371K
By yearFY2020–FY2025
Revenue
$79K
FY2020
Revenue by fiscal year
FY2020$79K
FY2021$70K
FY2022$75K
FY2023$70K
FY2024$77K
FY2025$106K
Expenses
$77K
FY2020
Expenses by fiscal year
FY2020$77K
FY2021$72K
FY2022$92K
FY2023$93K
FY2024$110K
FY2025$102K
Net assets
−$371K
FY2020
Net assets by fiscal year
FY2020−$371K
FY2021−$372K
FY2022−$389K
FY2023−$412K
FY2024−$445K
FY2025−$442K

From the FY2020 Form 990 (year ending May 2020) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

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

58 cents of each dollar spent went to programs.

Program services 58% · $45K Management & general 42% · $33K

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

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Doug Pyle
Member
$0Pt VII · Sec A
Fred Slifer
Vice President / Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Linell McCurry
Vice President / Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See First Shared Housing 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 2Yes
  • 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.

Provided by the organization

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1 program · $45K · in their own filed words · FY2019
01

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

$45Kprogram expense

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$79K
Ln 12
Fees for servicesLn 2g$79K
Investment incomeLn 3$6
Money outPt IX
$77K
Ln 25
Programscol B$45K
Managementcol C$33K
Owns and owesPt X
−$371K
net assets · Ln 32
Cash and savingsLn 1–2$6K
Total assetsLn 16$93K
LiabilitiesLn 26$464K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$79K
Investment incomeLn 3$6
Total revenueLn 12$79K
Assets in detailPt X, end of year
CashLn 1$6K
Cash and savings togetherLn 1–2$6K
Land, buildings, equipmentLn 10c$72K
Other assetsLn 15$9K
Total assetsLn 16$93K
LiabilitiesLn 26$464K
Net assetsLn 32−$371K
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 FY20End FY20
Cash and savingsLn 1–2$2K$6K
Land, buildings, equipmentLn 10c$62K$72K
Total assetsLn 16$89K$93K
LiabilitiesLn 26$461K$464K
Net assetsLn 32−$373K−$371K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$13K$13K
Other employee benefitsLn 9$2K$2K
Payroll taxesLn 10$1K$1K
Management feesLn 11a$3K$3K
Accounting feesLn 11c$8K$8K
Information technologyLn 14$5K$5K
OccupancyLn 16$11K$11K
InterestLn 20$11K$11K
Depreciation, depletion and amortizationLn 22$5K$5K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$13K$13K
All other expensesLn 24e$1K$330$1K
Total functional expensesLn 25$77K$45K$33K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $106K$102K$3K−$442K 990 PDF
FY2024 $77K$110K−$34K−$445K 990 PDF
FY2023 $70K$93K−$22K−$412K 990 PDF
FY2022 $75K$92K−$17K−$389K 990 PDF
FY2021 $70K$72K−$1K−$372K 990 PDF
FY2020 Viewing $79K$77K$2K−$371K 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 FY2020 990 (5 parts)
Part I · Summary $79,370 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $96,542$79,364
I-10 Investment incomePrior year $3$6
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $96,545$79,370
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 $25,729$15,831
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $50,806$61,658
I-18 Total expensesPrior year $76,535$77,489
I-19 Revenue less expensesPrior year $20,010$1,881
Part VIII · Statement of revenue $79,370 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $79,364$79,364
VIII-3 Investment incomeExcluded from tax $6$6
VIII-12 Total revenueRelated to mission $79,364 · Unrelated business $0 · Excluded from tax $6$79,370
Part IX · Statement of functional expenses $77,489 across 12 lines filed
IX-7 Other salaries and wagesManagement $12,896$12,896
IX-9 Other employee benefitsManagement $1,859$1,859
IX-10 Payroll taxesManagement $1,076$1,076
IX-11a Management feesManagement $2,760$2,760
IX-11c Accounting feesManagement $8,176$8,176
IX-14 Information technologyManagement $5,034$5,034
IX-16 OccupancyPrograms $11,456$11,456
IX-20 InterestPrograms $11,199$11,199
IX-22 Depreciation, depletion and amortizationPrograms $4,786$4,786
IX-23 InsurancePrograms $3,968$3,968
IX-24 Other expenses (24a–d)Programs $12,852$12,852
IX-24e All other expensesPrograms $330 · Management $1,097$1,427
IX-25 Total functional expensesPrograms $44,591 · Management $32,898 · Fundraising $0$77,489
Part X · Balance sheet $93,278 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $2,198$5,596
X-4 Accounts receivableStart of year $4,268$3,763
X-9 Prepaid expenses and deferred chargesStart of year $2,540$3,061
X-10c Land, buildings and equipment, netStart of year $62,152$72,316
X-15 Other assetsStart of year $17,501$8,542
X-16 Total assetsStart of year $88,659$93,278
X-17 Accounts payable and accrued expensesStart of year $83,783$94,983
X-25 Other liabilitiesStart of year $206,579$206,918
X-26 Total liabilitiesStart of year $461,354$464,091
X-27 Net assets without donor restrictionsStart of year −$372,695−$370,813
X-32 Total net assets or fund balancesStart of year −$372,695−$370,813
X-33 Total liabilities and net assetsStart of year $88,659$93,278
Part XI · Reconciliation of net assets −$370,813 net assets at year end
XI-1 Total revenue$79,370
XI-2 Total expenses$77,489
XI-3 Revenue less expenses$1,881
XI-4 Net assets at start of year−$372,695
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$370,813

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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