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First Shared Housing Corp FY2021 filing

Tax-deductible

Philadelphia, PA501(c)(3)Housing EIN 22-2536011Revenue $70K in FY2021Latest 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.
60¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
60%
of spending
Worth a look: 60% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.5 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$462K
517% of total assets
Concern: liabilities are 517% of assets; over 80%.
Pt X · Ln 26
Independent board members
2
of 5 voting members
Worth a look: 2 of 5 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$70K
-12% vs prior year
Spent
$72K
To programs
60%
Net assets
−$372K
By yearFY2020–FY2025
Revenue
$70K
FY2021▼ -12%
Tap a bar for its year
Revenue by fiscal year
FY2020$79K
FY2021$70K
FY2022$75K
FY2023$70K
FY2024$77K
FY2025$106K
Expenses
$72K
FY2021▼ -8%
Tap a bar for its year
Expenses by fiscal year
FY2020$77K
FY2021$72K
FY2022$92K
FY2023$93K
FY2024$110K
FY2025$102K
Net assets
−$372K
FY2021-0.4%
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 FY2021 Form 990 (year ending May 2021) · see the original

990 PDF Claim
You’re viewing the FY2021 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

60 cents of each dollar spent went to programs.

Program services 60% · $43K Management & general 40% · $28K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Fred Slifer
Vice President / Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Linell McCurry
Vice President / Treasurer
$0Pt VII · Sec A
Susanne Davis
Asst. Treasurer
$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 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.

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1 program · $43K · in their own filed words · FY2020
01

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

$43Kprogram expense

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$70K
Ln 12
Fees for servicesLn 2g$68K
Gifts and grantsLn 1h$2K
Investment incomeLn 3$4
Money outPt IX
$72K
Ln 25
Programscol B$43K
Managementcol C$28K
Owns and owesPt X
−$372K
net assets · Ln 32
Cash and savingsLn 1–2$3K
Total assetsLn 16$89K
LiabilitiesLn 26$462K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2K
Fees for servicesLn 2g$68K
Investment incomeLn 3$4
Total revenueLn 12$70K
Assets in detailPt X, end of year
CashLn 1$3K
Cash and savings togetherLn 1–2$3K
Accounts receivableLn 4$8K
Prepaid expenses and deferred chargesLn 9$3K
Land, buildings, equipmentLn 10c$67K
Other assetsLn 15$9K
Total assetsLn 16$89K
LiabilitiesLn 26$462K
Net assetsLn 32−$372K
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 FY21End FY21
Cash and savingsLn 1–2$6K$3K
Land, buildings, equipmentLn 10c$72K$67K
Total assetsLn 16$93K$89K
LiabilitiesLn 26$464K$462K
Net assetsLn 32−$371K−$372K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$11K$11K
Other employee benefitsLn 9$657$657
Payroll taxesLn 10$923$923
Management feesLn 11a$3K$3K
Accounting feesLn 11c$10K$10K
Information technologyLn 14$3K$3K
OccupancyLn 16$13K$13K
InterestLn 20$10K$10K
Depreciation, depletion and amortizationLn 22$5K$5K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$9K$9K
All other expensesLn 24e$542$542
Total functional expensesLn 25$72K$43K$28K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled 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
FY2021 ViewingFiled 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 FY2021 990 (6 parts)
Part I · Summary $70,101 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$2,360
I-9 Program service revenuePrior year $79,364$67,737
I-10 Investment incomePrior year $6$4
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $79,370$70,101
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 $15,831$12,305
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $61,658$59,225
I-18 Total expensesPrior year $77,489$71,530
I-19 Revenue less expensesPrior year $1,881−$1,429
Part VI · Governance 2 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members2
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $70,101 across 5 lines filed
VIII-1f All other contributions, gifts and grants$2,360
VIII-1h Total contributions, gifts and grants$2,360
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $67,737$67,737
VIII-3 Investment incomeExcluded from tax $4$4
VIII-12 Total revenueRelated to mission $67,737 · Unrelated business $0 · Excluded from tax $4$70,101
Part IX · Statement of functional expenses $71,530 across 12 lines filed
IX-7 Other salaries and wagesManagement $10,725$10,725
IX-9 Other employee benefitsManagement $657$657
IX-10 Payroll taxesManagement $923$923
IX-11a Management feesManagement $2,760$2,760
IX-11c Accounting feesManagement $10,266$10,266
IX-14 Information technologyManagement $3,146$3,146
IX-16 OccupancyPrograms $13,192$13,192
IX-20 InterestPrograms $10,225$10,225
IX-22 Depreciation, depletion and amortizationPrograms $5,290$5,290
IX-23 InsurancePrograms $4,332$4,332
IX-24 Other expenses (24a–d)Programs $9,472$9,472
IX-24e All other expensesPrograms $542$542
IX-25 Total functional expensesPrograms $43,053 · Management $28,477 · Fundraising $0$71,530
Part X · Balance sheet $89,333 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $5,596$3,032
X-4 Accounts receivableStart of year $3,763$8,011
X-9 Prepaid expenses and deferred chargesStart of year $3,061$2,718
X-10c Land, buildings and equipment, netStart of year $72,316$67,027
X-15 Other assetsStart of year $8,542$8,545
X-16 Total assetsStart of year $93,278$89,333
X-17 Accounts payable and accrued expensesStart of year $94,983$102,065
X-23 Secured mortgages and notes payableStart of year $162,190$152,415
X-25 Other liabilitiesStart of year $206,918$207,095
X-26 Total liabilitiesStart of year $464,091$461,575
X-27 Net assets without donor restrictionsStart of year −$370,813−$372,242
X-32 Total net assets or fund balancesStart of year −$370,813−$372,242
X-33 Total liabilities and net assetsStart of year $93,278$89,333
Part XI · Reconciliation of net assets −$372,242 net assets at year end
XI-1 Total revenue$70,101
XI-2 Total expenses$71,530
XI-3 Revenue less expenses−$1,429
XI-4 Net assets at start of year−$370,813
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$372,242

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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