Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2001.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
What each dollar paid for.
Form 990 Part IX, line 25. 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; $112K paid to officers and key staff.
Philip J Kennedy’s $75K as President and CEO is at the 66th percentile of top reported officer pay among 851 $100K–1M 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 · 5 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Philip J Kennedy | $75,000 | $100,000 | $277,000 | $250,000 | $25,000 |
| Kathryn T Walker | $37,500 | $37,500 | $150,000 | $40,000 | $30,000 |
| William W Hirsch | — | — | $4,000 | — | $2,000 |
| Vasilios Salamandrakis | — | — | $4,000 | — | $2,000 |
| William J Todd | — | — | $4,000 | — | $2,000 |
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 Provident Housing Resources 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 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Provides safe, decent, and affordable housing to reduce poverty, discrimination, and neighborhood tensions.
Questions for Provident Housing Resources INC
Your first name shows with your question. Provident Housing Resources INC answers here, for everyone.
Consulting and developer services provided to organizations related to the acquisition, rehabilitation, and construction of various multifamily affordable housing complexes to be rented to or used by low income or very low income residents.
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $251K | $178K |
| InvestmentsLn 11–13 | $3.0M | $2.3M |
| Total assetsLn 16 | $4.9M | $5.1M |
| LiabilitiesLn 26 | $107K | $107K |
| Net assetsLn 32 | $4.8M | $5.0M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $112K | $112K | ||
| Investment management feesLn 11f | $18K | $18K | ||
| Other fees for servicesLn 11g | $20K | $20K | ||
| TravelLn 17 | $4K | $4K | ||
| Other expenses (24a–d)Ln 24 | $8K | $8K | ||
| Total functional expensesLn 25 | $162K | $0 | $162K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest ViewingFiled with the IRS Nov 17, 2025 | $213K | $162K | $51K | $5.0M | 990 PDF |
| FY2023Filed with the IRS Nov 15, 2024 | $4K | $176K | −$172K | $4.8M | 990 PDF |
| FY2022Filed with the IRS Nov 15, 2023 | −$73K | $211K | −$284K | $4.4M | 990 PDF |
| FY2021Filed with the IRS Nov 15, 2022 | $87K | $671K | −$584K | $5.4M | 990 PDF |
| FY2020Filed with the IRS Nov 11, 2021 | $128.5M | $10.4M | $118.1M | $5.6M | 990 PDF |
Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $213,319 revenue, 12 lines filed
Part VI · Governance 5 of 5 board members independent, 1 to look at
Part VIII · Statement of revenue $213,319 across 4 lines filed
Part IX · Statement of functional expenses $162,032 across 5 lines filed
Part X · Balance sheet $5,088,097 assets, 10 lines filed
Part XI · Reconciliation of net assets $4,981,097 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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