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First Shared Housing Corp FY2024 filing

Tax-deductible

Philadelphia, PA501(c)(3)Housing EIN 22-2536011Revenue $77K in FY2024Latest 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.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 22-2536011) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
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
A surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
72%
of spending
72% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
0.6 mo
of spending, in cash
0.6 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$522K
678% of total assets
Liabilities are 678% of assets.
Pt X · Ln 26
Independent board members
1
of 2 voting members
1 of 2 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$77K
+9% vs prior year
Spent
$110K
To programs
72%
Net assets
−$445K
By yearFY2020–FY2025
Revenue
$77K
FY2024▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2020$79K
FY2021$70K
FY2022$75K
FY2023$70K
FY2024$77K
FY2025$106K
Expenses
$110K
FY2024▲ +19%
Tap a bar for its year
Expenses by fiscal year
FY2020$77K
FY2021$72K
FY2022$92K
FY2023$93K
FY2024$110K
FY2025$102K
Net assets
−$445K
FY2024▼ -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 FY2024 Form 990 (year ending May 2024) · see the original

990 PDF Support Claim
You’re viewing the FY2024 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

72 cents of each dollar spent went to programs.

Program services 72% · $80K Management & general 28% · $31K

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 (FY2023); the FY2024 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.

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1 program · $80K · in their own filed words · FY2023
01

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

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 22-2536011) · Dispute this line
$80Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$77K
Ln 12
Gifts and grantsLn 1h$63K
Fees for servicesLn 2g$13K
Investment incomeLn 3$3
Money outPt IX
$110K
Ln 25
Programscol B$80K
Managementcol C$31K
Owns and owesPt X
−$445K
net assets · Ln 32
Cash and savingsLn 1–2$6K
Total assetsLn 16$77K
LiabilitiesLn 26$522K
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$63K
Government grantsLn 1e$63K
Fees for servicesLn 2g$13K
Investment incomeLn 3$3
Total revenueLn 12$77K
Assets in detailPt X, end of year
CashLn 1$6K
Cash and savings togetherLn 1–2$6K
Accounts receivableLn 4$2K
Prepaid expenses and deferred chargesLn 9$68
Land, buildings, equipmentLn 10c$53K
Other assetsLn 15$17K
Total assetsLn 16$77K
LiabilitiesLn 26$522K
Net assetsLn 32−$445K
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 FY24End FY24
Cash and savingsLn 1–2$2K$6K
Land, buildings, equipmentLn 10c$57K$53K
Total assetsLn 16$112K$77K
LiabilitiesLn 26$524K$522K
Net assetsLn 32−$412K−$445K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$11K$11K
Other employee benefitsLn 9$1K$1K
Payroll taxesLn 10$884$884
Management feesLn 11a$3K$3K
Accounting feesLn 11c$576$576
OccupancyLn 16$48K$48K
InterestLn 20$23K$23K
Depreciation, depletion and amortizationLn 22$5K$5K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$15K$370$14K
Total functional expensesLn 25$110K$80K$31K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Apr 15, 2026 $106K$102K$3K−$442K 990 PDF
FY2024 ViewingFiled 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

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $76,617 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $57,830$63,185
I-9 Program service revenuePrior year $12,601$13,429
I-10 Investment incomePrior year $3$3
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $70,434$76,617
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 $13,192$12,911
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $79,558$97,534
I-18 Total expensesPrior year $92,750$110,445
I-19 Revenue less expensesPrior year −$22,316−$33,828
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 $76,617 across 5 lines filed
VIII-1e Government grants$63,185
VIII-1h Total contributions, gifts and grants$63,185
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $13,429$13,429
VIII-3 Investment incomeExcluded from tax $3$3
VIII-12 Total revenueRelated to mission $13,429 · Unrelated business $0 · Excluded from tax $3$76,617
Part IX · Statement of functional expenses $110,445 across 10 lines filed
IX-7 Other salaries and wagesManagement $10,879$10,879
IX-9 Other employee benefitsManagement $1,148$1,148
IX-10 Payroll taxesManagement $884$884
IX-11a Management feesManagement $2,760$2,760
IX-11c Accounting feesManagement $576$576
IX-16 OccupancyPrograms $48,270$48,270
IX-20 InterestPrograms $22,781$22,781
IX-22 Depreciation, depletion and amortizationPrograms $4,606$4,606
IX-23 InsurancePrograms $3,876$3,876
IX-24 Other expenses (24a–d)Programs $370 · Management $14,295$14,665
IX-25 Total functional expensesPrograms $79,903 · Management $30,542 · Fundraising $0$110,445
Part X · Balance sheet $77,064 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $2,031$5,731
X-4 Accounts receivableStart of year $36,370$2,142
X-9 Prepaid expenses and deferred chargesStart of year $3,856$68
X-10c Land, buildings and equipment, netStart of year $57,150$52,544
X-15 Other assetsStart of year $12,810$16,579
X-16 Total assetsStart of year $112,217$77,064
X-17 Accounts payable and accrued expensesStart of year $29,619$23,446
X-23 Secured mortgages and notes payableStart of year $131,484$117,306
X-25 Other liabilitiesStart of year $362,686$381,712
X-26 Total liabilitiesStart of year $523,789$522,464
X-27 Net assets without donor restrictionsStart of year −$411,572−$445,400
X-32 Total net assets or fund balancesStart of year −$411,572−$445,400
X-33 Total liabilities and net assetsStart of year $112,217$77,064
Part XI · Reconciliation of net assets −$445,400 net assets at year end
XI-1 Total revenue$76,617
XI-2 Total expenses$110,445
XI-3 Revenue less expenses−$33,828
XI-4 Net assets at start of year−$411,572
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$445,400

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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