York Area Development Corporation

Tax-deductible

York, PA501(c)(3)Since 1976HousingEIN 23-2022702

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We enhance the quality of lives and communities by advocating for, creating and sustaining affordable housing options.

501(c)(3) charity; gifts are tax-deductible.
54¢ of each $1 spent went to programs.
Run by 26 volunteers and 6 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $39K a year · 3% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
54%
of spending
Worth a look: 54% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$89K
to officers and key staff · 6% of spending
Top officer’s pay lower than 76% of similar orgs
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
16 mo
of spending, in cash
Looks good: 16.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $61K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4.5M
105% of total assets
Concern: liabilities are 105% of assets; over 80%.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
+16% vs prior year
Spent
$1.5M
To programs
54%
Net assets
−$204K
By yearFY2020–FY2024
Revenue
$1.6M
FY2024▲ +16%
Revenue by fiscal year
FY2020$1.3M
FY2021$1.0M
FY2022$1.3M
FY2023$1.6M
FY2024$1.3M
FY2024$1.6M
Expenses
$1.5M
FY2024▲ +7%
Expenses by fiscal year
FY2020$896K
FY2021$1.1M
FY2022$1.3M
FY2023$1.8M
FY2024$1.4M
FY2024$1.5M
Net assets
−$204K
FY2024▲ +36%
Net assets by fiscal year
FY2020−$539K
FY2021−$585K
FY2022−$538K
FY2023−$738K
FY2024−$317K
FY2024−$204K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2008.

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

Where the money goes

54 cents of each dollar spent went to programs.

Program services 54% · $785K Management & general 46% · $666K

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

21 people listed on the 990; $89K paid to officers and key staff.

Part VII, Section A · reportable compensation
$88,547Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary & Immediate Past President
$0Pt VII · Sec A
$0Pt VII · Sec A
Assistant Treasurer
$0Pt VII · Sec A
President-Elect
$0Pt VII · Sec A
Member
$0Pt VII · Sec A
$0Pt VII · Sec A

Joyce Santiago’s $89K as CEO is at the 24th percentile of top reported officer pay among 2036 $1–10M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Joyce Santiago$88,547$86,550$84,476$79,887$77,395$71,818

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See York Area Development Corporation 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 15aYes

Programs and updates

Builds and supports affordable housing to improve lives and communities in York, PA.

Provided by the organization

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2 programs · $785K · in their own filed words · FY2024
01

The organization develops, owns, and manages affordable housing for low- and moderate-income individuals and families, including seniors, persons with disabilities, and individuals experieing homelessness.

$617Kprogram expense
02

The organization undertakes housing development activities including planning, site control, securing financing, overseeing construction or rehabilitation, and ensuring compliance with applicable program regulations and affordability requirements.

$169Kprogram expense

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 2 funders$61K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Fees for servicesLn 2g$1.0M
Gifts and grantsLn 1h$501K
Investment incomeLn 3$51K
Money outPt IX
$1.5M
Ln 25
Programscol B$785K
Managementcol C$666K
Owns and owesPt X
−$204K
net assets · Ln 32
Cash and savingsLn 1–2$2.0M
Total assetsLn 16$4.3M
LiabilitiesLn 26$4.5M
PeoplePt VI, VII
21
listed · VII A
PaidVII A1
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$501K
Government grantsLn 1e$123K
Noncash giftsLn 1g$312K
Fees for servicesLn 2g$1.0M
Investment incomeLn 3$51K
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$100
SavingsLn 2$2.0M
Cash and savings togetherLn 1–2$2.0M
Land, buildings, equipmentLn 10c$1.8M
Other assetsLn 15$396K
Total assetsLn 16$4.3M
LiabilitiesLn 26$4.5M
Net assetsLn 32−$204K
OperationsPt I, VI
EmployeesI 56
VolunteersI 626
Fiscal year endsHeaderDecember
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$1.4M$2.0M
Land, buildings, equipmentLn 10c$1.9M$1.8M
Total assetsLn 16$3.6M$4.3M
LiabilitiesLn 26$3.9M$4.5M
Net assetsLn 32−$317K−$204K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$103K$38K$66K
Other salaries and wagesLn 7$268K$104K$164K
Other employee benefitsLn 9$32K$6K$25K
Payroll taxesLn 10$32K$13K$18K
Management feesLn 11a$76K$76K
Legal feesLn 11b$8K$8K
Accounting feesLn 11c$34K$4K$31K
Advertising and promotionLn 12$21K$18K$3K
Office expensesLn 13$50K$21K$29K
OccupancyLn 16$246K$226K$20K
InterestLn 20$51K$51K
Depreciation, depletion and amortizationLn 22$128K$128K
InsuranceLn 23$84K$53K$31K
Other expenses (24a–d)Ln 24$318K$123K$195K
Total functional expensesLn 25$1.5M$785K$666K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $1.3M$1.4M−$11K−$317K 990 PDF
FY2023 $1.6M$1.8M−$200K−$738K 990 PDF
FY2022 $1.3M$1.3M$47K−$538K 990 PDF
FY2021 $1.0M$1.1M−$46K−$585K 990 PDF
FY2020 $1.3M$896K$407K−$539K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $1,563,522 across 7 lines filed
VIII-1e Government grants$123,439
VIII-1f All other contributions, gifts and grants$377,477
VIII-1g Noncash contributions (included above)$312,235
VIII-1h Total contributions, gifts and grants$500,916
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,011,932$1,011,932
VIII-3 Investment incomeExcluded from tax $50,674$50,674
VIII-12 Total revenueRelated to mission $1,011,932 · Unrelated business $0 · Excluded from tax $50,674$1,563,522
Part IX · Statement of functional expenses $1,450,975 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $37,615 · Management $65,669$103,284
IX-7 Other salaries and wagesPrograms $104,380 · Management $163,866$268,246
IX-9 Other employee benefitsPrograms $6,262 · Management $25,454$31,716
IX-10 Payroll taxesPrograms $13,388 · Management $18,258$31,646
IX-11a Management feesManagement $75,797$75,797
IX-11b Legal feesManagement $8,451$8,451
IX-11c Accounting feesPrograms $3,800 · Management $30,619$34,419
IX-12 Advertising and promotionPrograms $18,335 · Management $2,806$21,141
IX-13 Office expensesPrograms $20,992 · Management $29,260$50,252
IX-16 OccupancyPrograms $226,214 · Management $19,975$246,189
IX-20 InterestPrograms $50,685$50,685
IX-22 Depreciation, depletion and amortizationPrograms $127,803$127,803
IX-23 InsurancePrograms $52,921 · Management $30,611$83,532
IX-24 Other expenses (24a–d)Programs $122,985 · Management $194,829$317,814
IX-25 Total functional expensesPrograms $785,380 · Management $665,595 · Fundraising $0$1,450,975
Part X · Balance sheet $4,307,625 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $100$100
X-2 Savings and temporary cash investmentsStart of year $1,431,346$1,959,283
X-4 Accounts receivableStart of year $192,296$148,989
X-9 Prepaid expenses and deferred chargesStart of year $30,118$22,562
X-10c Land, buildings and equipment, netStart of year $1,903,959$1,780,324
X-15 Other assetsStart of year $0$396,367
X-16 Total assetsStart of year $3,557,819$4,307,625
X-17 Accounts payable and accrued expensesStart of year $241,876$434,296
X-19 Deferred revenueStart of year $4,101$4,023
X-25 Other liabilitiesStart of year $124,764$604,502
X-26 Total liabilitiesStart of year $3,874,390$4,511,649
X-27 Net assets without donor restrictionsStart of year −$316,571−$204,024
X-32 Total net assets or fund balancesStart of year −$316,571−$204,024
X-33 Total liabilities and net assetsStart of year $3,557,819$4,307,625
Part XI · Reconciliation of net assets −$204,024 net assets at year end
XI-1 Total revenue$1,563,522
XI-2 Total expenses$1,450,975
XI-3 Revenue less expenses$112,547
XI-4 Net assets at start of year−$316,571
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$204,024

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

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