Federation Housing INC: Nonprofit Profile, Financials & Form 990 (EIN 59-2232035)

Revenue by fiscal year
FY2020	$27.4M
FY2021	$49

Expenses by fiscal year
FY2020	$1.1M
FY2021	$178K

Net assets by fiscal year
FY2020	$658K
FY2021	$0

Is it real?

Yes. Never revoked by the IRS. Latest filing we have: FY2020.

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

Where the money goes

82 cents of each dollar spent went to programs.

82%

18%

Program services 82% · $146K Management & general 18% · $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

6 people listed on the 990.

Part VII, Section A · reportable compensation

William Sherman

Vice President

$0Pt VII · Sec A

Michael Balaban

President

$0Pt VII · Sec A

Peter Berg

Vice President

$0Pt VII · Sec A

Bruce Yudewitz

Secretary/Treasurer

$0Pt VII · Sec A

Alan Cohn

President

$0Pt VII · Sec A

Heather Barraza

Secretary/Treasurer

$0Pt VII · Sec A

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 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers housing for low-income families, the elderly, and people with disabilities.

Questions for Federation Housing INC

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1 program · $146K · in their own filed words · FY2020

01

A united states department of housing and urban development project for elderly families and individuals of low or moderate income levels - 123 units.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 59-2232035) · Dispute this line

$146Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs

Year ending May 2020 · $4.4M federal money spent

Supportive Housing for the ElderlyDepartment of Housing and Urban Development · ALN 14.157 · Direct$3.5M

Lower Income Housing Assistance Program_section 8 Moderate RehabilitationDepartment of Housing and Urban Development · ALN 14.856 · Direct$978K

The auditor reported: doubt the group can keep going.

Year ending Sep 2019 · $4.9M federal money spent

Supportive Housing for the ElderlyDepartment of Housing and Urban Development · ALN 14.157 · Direct$3.6M

Lower Income Housing Assistance Program_section 8 Moderate RehabilitationDepartment of Housing and Urban Development · ALN 14.856 · Direct$1.3M

The auditor reported no findings.

Year ending Sep 2018 · $5.2M federal money spent

Supportive Housing for the ElderlyDepartment of Housing and Urban Development · ALN 14.157 · Direct$3.8M

Lower Income Housing Assistance Program_section 8 Moderate RehabilitationDepartment of Housing and Urban Development · ALN 14.856 · Direct$1.5M

The auditor reported no findings.

Year ending Sep 2017 · $5.6M federal money spent

Supportive Housing for the ElderlyDepartment of Housing and Urban Development · ALN 14.157 · Direct$3.9M

Lower Income Housing Assistance Program_section 8 Moderate RehabilitationDepartment of Housing and Urban Development · ALN 14.856 · Direct$1.7M

The auditor reported no findings.

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$49

Ln 12

Other incomeLn 4–11$49

Money outPt IX

$178K

Ln 25

Programscol B$146K

Managementcol C$31K

Owns and owesPt X

$0

net assets · Ln 32

Total assetsLn 16$0

LiabilitiesLn 26$0

PeoplePt VI, VII

6

listed · VII A

PaidVII A0

Voting boardVI 1a4

IndependentVI 1b2

2In more detail

Revenue in detailPt VIII

Other incomeLn 4–11$49

Total revenueLn 12$49

Assets in detailPt X, end of year

Total assetsLn 16$0

LiabilitiesLn 26$0

Net assetsLn 32$0

OperationsPt I, VI

EmployeesI 518

VolunteersI 60

Fiscal year endsHeaderSeptember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$603K	$0
InvestmentsLn 11–13		$0
Land, buildings, equipmentLn 10c		$0
Total assetsLn 16	$691K	$0
LiabilitiesLn 26	$33K	$0
Net assetsLn 32	$658K	$0

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of disqualified personsLn 6	$100K	$100K
Management feesLn 11a	$16K		$16K
Accounting feesLn 11c	$16K		$16K
OccupancyLn 16	$18	$18
InsuranceLn 23	$6K	$6K
Other expenses (24a–d)Ln 24	$41K	$41K
Total functional expensesLn 25	$178K	$146K	$31K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2021 Latest ViewingFiled with the IRS May 16, 2022	$49	$178K	−$178K	$0	990 PDF
FY2020Filed with the IRS Feb 10, 2021	$27.4M	$1.1M	$26.4M	$658K	990 PDF

Schedules filed Part IV

I · Grants O · Explanations

See the full FY2021 990

Part I · Summary $49 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $1,207,185$0

I-9 Program service revenuePrior year $200,069$0

I-10 Investment incomePrior year $25,574,038$0

I-11 Other revenuePrior year $455,172$49

I-12 Total revenuePrior year $27,436,464$49

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 $296,177$99,635

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $759,707$78,140

I-18 Total expensesPrior year $1,055,884$177,775

I-19 Revenue less expensesPrior year $26,380,580−$177,726

Part VI · Governance 2 of 4 board members independent, 2 to look at

VI-1a Voting members of the governing body4

VI-1b Independent voting members2

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $49 across 2 lines filed

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $49$49

VIII-12 Total revenueRelated to mission $49 · Unrelated business $0 · Excluded from tax $0$49

Part IX · Statement of functional expenses $177,775 across 6 lines filed

IX-6 Pay of disqualified personsPrograms $99,635$99,635

IX-11a Management feesManagement $15,768$15,768

IX-11c Accounting feesManagement $15,700$15,700

IX-16 OccupancyPrograms $18$18

IX-23 InsurancePrograms $6,144$6,144

IX-24 Other expenses (24a–d)Programs $40,510$40,510

IX-25 Total functional expensesPrograms $146,307 · Management $31,468 · Fundraising $0$177,775

Part X · Balance sheet $0 assets, 21 lines filed

X-1 Cash, non-interest-bearingStart of year $602,716$0

X-2 Savings and temporary cash investments$0

X-3 Pledges and grants receivable$0

X-4 Accounts receivableStart of year $88,506$0

X-5 Loans to officers and key people$0

X-6 Loans to other insiders$0

X-7 Notes and loans receivable$0

X-8 Inventories for sale or use$0

X-9 Prepaid expenses and deferred charges$0

X-10c Land, buildings and equipment, net$0

X-11 Publicly traded securities$0

X-12 Other securities$0

X-13 Program-related investments$0

X-14 Intangible assets$0

X-15 Other assetsStart of year $82$0

X-16 Total assetsStart of year $691,304$0

X-17 Accounts payable and accrued expensesStart of year $33,316$0

X-26 Total liabilitiesStart of year $33,316$0

X-27 Net assets without donor restrictionsStart of year $657,988$0

X-32 Total net assets or fund balancesStart of year $657,988$0

X-33 Total liabilities and net assetsStart of year $691,304$0

Part XI · Reconciliation of net assets $0 net assets at year end

XI-1 Total revenue$49

XI-2 Total expenses$177,775

XI-3 Revenue less expenses−$177,726

XI-4 Net assets at start of year$657,988

XI-9 Other changes in net assets−$480,262

XI-10 Net assets at end of year$0

Form 990 e-file FY2021 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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Federation Housing INC

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Federation Housing INC

Funders

Federal money

By the numbers

Filing history

Schedules filed Part IV

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