Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2019.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
75 cents of each dollar spent went to programs.
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
44 people listed on the 990; $212K paid to officers and key staff.
Eric Naftulin’s $276K as Executive Director is at the 83rd percentile of top reported officer pay among 2832 $1–10M community development 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
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Eric Naftulin | $276,152 | $267,037 | $252,587 | $251,408 | $223,292 | $211,817 |
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 Federation Housing INC 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 15aYes
Programs and updates
Manages and develops federally subsidized housing for seniors.
Questions for Federation Housing INC
Your first name shows with your question. Federation Housing INC answers here, for everyone.
Property Management and Development Program
The organization manages and develops affordable rental housing complexes for the elderly in and around philadelphia, pennsylvania. There are 11 rental housing complexes being managed for the fiscal year, serving 1617 residents in 1261 apartments.
Meal program- this program was started in may 2009 and is subsidized by the jewish federation. Residents pay $1 for a boxed lunch up to three times per week in each of the buildings. There were approximately 31,279 meals served during the fiscal year. The $1 fee was waived in march 2020 due to the pandemic.
Transportation program- 2 mini-vans and a 14 passenger mini bus were available to transport passengers at no charge to doctor's appointments, food shopping, malls and other outings by appointment.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.0M | $1.4M |
| InvestmentsLn 11–13 | $38.2M | $6.5M |
| Land, buildings, equipmentLn 10c | $783K | $725K |
| Total assetsLn 16 | $52.9M | $21.8M |
| LiabilitiesLn 26 | $168K | $184K |
| Net assetsLn 32 | $52.7M | $21.6M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $247K | $247K | ||
| Other salaries and wagesLn 7 | $833K | $653K | $131K | $49K |
| Pension plan contributionsLn 8 | $34K | $34K | ||
| Other employee benefitsLn 9 | $97K | $97K | ||
| Payroll taxesLn 10 | $83K | $78K | $5K | |
| Legal feesLn 11b | $24K | $24K | ||
| Accounting feesLn 11c | $8K | $8K | ||
| Investment management feesLn 11f | $155K | $155K | ||
| Other fees for servicesLn 11g | $14K | $14K | ||
| Office expensesLn 13 | $44K | $43K | $1K | |
| OccupancyLn 16 | $16K | $16K | ||
| TravelLn 17 | $7K | $7K | ||
| Conferences, conventions and meetingsLn 19 | $10K | $10K | ||
| Depreciation, depletion and amortizationLn 22 | $58K | $35K | $23K | |
| InsuranceLn 23 | $13K | $13K | ||
| Other expenses (24a–d)Ln 24 | $393K | $381K | $11K | |
| All other expensesLn 24e | $129K | $97K | $25K | $7K |
| Total functional expensesLn 25 | $2.2M | $1.6M | $474K | $63K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS Jul 15, 2026 | $4.1M | $2.9M | $1.2M | $43.7M | 990 PDF |
| FY2024Filed with the IRS Jul 10, 2025 | $4.1M | $2.9M | $1.2M | $40.7M | 990 PDF |
| FY2023Filed with the IRS Jul 9, 2024 | $5.8M | $2.6M | $3.1M | $31.6M | 990 PDF |
| FY2022Filed with the IRS Jul 6, 2023 | $2.9M | $2.5M | $366K | $27.3M | 990 PDF |
| FY2021Filed with the IRS Jun 29, 2022 | $5.5M | $2.0M | $3.5M | $27.3M | 990 PDF |
| FY2020 ViewingFiled with the IRS Jul 9, 2021 | $2.0M | $2.2M | −$173K | $21.6M | 990 PDF |
Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $1,992,676 revenue, 12 lines filed
Part VI · Governance 43 of 43 board members independent, 1 to look at
Part VIII · Statement of revenue $1,992,676 across 6 lines filed
Part IX · Statement of functional expenses $2,165,754 across 17 lines filed
Part X · Balance sheet $21,756,223 assets, 14 lines filed
Part XI · Reconciliation of net assets $21,572,368 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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