Paladin Development EIN 46-4218480

Paladin Development FY2020 filing

EIN  46-4218480 Public charity (501(c)(3)) Harrisburg, PA
Form 990 (PDF)
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Size
<$100K
What they do
Develops and manages affordable housing in Harrisburg, Pennsylvania.
Leadership
Senghor Manns · Director
Money in and out
$0 revenue, $14K expenses
Bottom line
100% program efficiency

Develops and manages affordable housing in Harrisburg, Pennsylvania. For fiscal year 2020 it reported $0 in revenue, $14K in expenses, and $499K in net assets.Pt I

Where the money goes · FY2020
Total revenue
$0
Pt VIII · Ln 12
Total expenses
$14K
Pt IX · Ln 25
Net assets
$499K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$14K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs
Operating runway
338.7mo
months of highly liquid reserves at operating expense rate

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$0
FY2020
Expenses
$14K
FY2020
Total assets
$618K
FY2020
Total liabilities
$119K
FY2020
Total revenue
$0
Pt VIII · Ln 12
Total expenses
$14K
Pt IX · Ln 25
Net assets
$499K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$14K
Total assetsPt X · Ln 16$618K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

1 program service account for $14K of program spending, described in the organization's own filed words · FY2020.
01

During 2017, paladin increased involvement in its mission-stated objective of developing affordable housing. The harrisburg housing authority, operating through paladin as its affiliate, infused paladin with reimbersed funds derived from the first mulberry project currently underway.

$14Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPaladin Development
EINHdr · item D46-4218480
Principal addressHdr · item CHarrisburg, PA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L80)
Ruling yearIRS BMFApr 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$14K
Total functional expensesLn 25$14K

Balance Sheet

Part X · end of year
CashLn 1$382K
Total assetsLn 16$618K
Total liabilitiesLn 26$119K
Total net assetsLn 32$499K
Months of cash on handcomputed338.7

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $382K · Operating expenses/yr $14K
338.7 months
Where the money goes
Program services
Program services $14K · Total expenses $14K
100%
Management & General
Management & general $0 · Total expenses $14K
0%
Fundraising
Fundraising $0 · Total expenses $14K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $0
Government reliance
Government grants — · Total revenue $0
Earned-income share
Program service revenue $0 · Total revenue $0
Investment reliance
Investment income $0 · Total revenue $0
Program self-sufficiency
Program service revenue $0 · Total expenses $14K
0%
Growth & trend
Revenue growth (YoY)
This year $0 · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $499K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $0 · Expenses $14K
Liabilities-to-Assets
Total liabilities — · Total assets $618K
Net-asset ratio
Net assets $499K · Total assets $618K
81%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $618K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Senghor Manns · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $14K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $14K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2023 (Latest)$0 revenue · ⤓ 990 PDF
FY2022$0 revenue · ⤓ 990 PDF
FY2021$0 revenue · ⤓ 990 PDF
FY2020$0 revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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