Partnership for Housing Affordability

Tax-deductible

Richmond, VA501(c)(3)EducationEIN 80-0099199Revenue $1.1M in FY2024

On file with the IRSpharva.com8975 Three Chopt Road, 23229-4644 · Richmond, VATax-exempt since May 2006Publicly supported charity — 170(b)(1)(A)(vi)

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In response to housing needs in our communities, we champion policies, developments, and programs for quality affordable housing in the Richmond region.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Run by 19 volunteers.
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
4 of 5
filings with a surplus
Average surplus $222K a year · 26% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
24 mo
of spending, in cash
Looks good: 24.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $110K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$310K
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
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
$1.1M
-23% vs prior year
Spent
$1.0M
To programs
85%
Net assets
$1.9M
By yearFY2020–FY2024
Revenue
$1.1M
FY2024▼ -23%
Tap a bar for its year
Revenue by fiscal year
FY2020$288K
FY2021$503K
FY2022$922K
FY2023$1.4M
FY2024$1.1M
Expenses
$1.0M
FY2024▲ +35%
Tap a bar for its year
Expenses by fiscal year
FY2020$373K
FY2021$474K
FY2022$501K
FY2023$766K
FY2024$1.0M
Net assets
$1.9M
FY2024▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$716K
FY2021$744K
FY2022$1.2M
FY2023$1.8M
FY2024$1.9M

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

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2006.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $877K Management & general 14% · $142K Fundraising 1% · $15K

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

20 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Partnership for Housing Affordability 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 15aNo

Programs and updates

Advocates for affordable housing policies, developments, and programs in the Richmond region.

Questions for Partnership for Housing Affordability

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Provided by the organization

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2 programs · $877K · in their own filed words · FY2024
01

In 2024, PHA advanced regional housing solutions by partnering with Henrico County to establish and administer its $60M Affordable Housing Trust Fund, supporting hundreds of future affordable units.

$858Kprogram expense
02

PHA's Housing Resource Line responded to more than 6,300 calls, resulting in 5,927 referrals, and $300,000 in financial assistance provided to local residents for housing needs.

$18Kprogram 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 · FY2025
New Profit INCFY2025$110K
Total grants receivedfrom 1 funder$110K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Gifts and grantsLn 1h$1.0M
Investment incomeLn 3$64K
Money outPt IX
$1.0M
Ln 25
Programscol B$877K
Managementcol C$142K
Fundraisingcol D$15K
Owns and owesPt X
$1.9M
net assets · Ln 32
Cash and savingsLn 1–2$2.1M
Total assetsLn 16$2.2M
LiabilitiesLn 26$310K
PeoplePt VI, VII
20
listed · VII A
PaidVII A0
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.0M
Government grantsLn 1e$260K
Investment incomeLn 3$64K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$2.1M
Cash and savings togetherLn 1–2$2.1M
Total assetsLn 16$2.2M
LiabilitiesLn 26$310K
Net assetsLn 32$1.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 619
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$1.6M$2.1M
Total assetsLn 16$2.0M$2.2M
LiabilitiesLn 26$180K$310K
Net assetsLn 32$1.8M$1.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$632K$601K$32K
Accounting feesLn 11c$12K$12K
Advertising and promotionLn 12$605$605
Office expensesLn 13$16K$120$16K
Information technologyLn 14$14K$10K$3K
Conferences, conventions and meetingsLn 19$5K$5K
Other expenses (24a–d)Ln 24$304K$246K$58K
All other expensesLn 24e$50K$19K$17K$15K
Total functional expensesLn 25$1.0M$877K$142K$15K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.1M$1.0M$79K$1.9M 990 PDF
FY2023 $1.4M$766K$669K$1.8M 990 PDF
FY2022 $922K$501K$421K$1.2M 990 PDF
FY2021 $503K$474K$28K$744K 990 PDF
FY2020 $288K$373K−$85K$716K 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 (6 parts)
Part I · Summary $1,111,987 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,396,717$1,048,172
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $38,251$63,815
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,434,968$1,111,987
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 $373,164$632,457
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $393,151$400,875
I-18 Total expensesPrior year $766,315$1,033,332
I-19 Revenue less expensesPrior year $668,653$78,655
Part VI · Governance 19 of 19 board members independent, 1 to look at
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,111,987 across 5 lines filed
VIII-1e Government grants$259,500
VIII-1f All other contributions, gifts and grants$788,672
VIII-1h Total contributions, gifts and grants$1,048,172
VIII-3 Investment incomeExcluded from tax $63,815$63,815
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $63,815$1,111,987
Part IX · Statement of functional expenses $1,033,332 across 8 lines filed
IX-7 Other salaries and wagesPrograms $600,833 · Management $31,624$632,457
IX-11c Accounting feesManagement $11,500$11,500
IX-12 Advertising and promotionPrograms $605$605
IX-13 Office expensesPrograms $120 · Management $15,625$15,745
IX-14 Information technologyPrograms $10,380 · Management $3,461$13,841
IX-19 Conferences, conventions and meetingsManagement $4,914$4,914
IX-24 Other expenses (24a–d)Programs $246,128 · Management $57,912$304,040
IX-24e All other expensesPrograms $18,530 · Management $16,531 · Fundraising $15,169$50,230
IX-25 Total functional expensesPrograms $876,596 · Management $141,567 · Fundraising $15,169$1,033,332
Part X · Balance sheet $2,221,967 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $1,616,935$2,082,887
X-3 Pledges and grants receivableStart of year $376,901$76,851
X-4 Accounts receivableStart of year $19,899$41,020
X-9 Prepaid expenses and deferred charges$21,209
X-16 Total assetsStart of year $2,013,735$2,221,967
X-17 Accounts payable and accrued expensesStart of year $18,187$25,838
X-19 Deferred revenue$2,500
X-25 Other liabilitiesStart of year $161,928$281,354
X-26 Total liabilitiesStart of year $180,115$309,692
X-27 Net assets without donor restrictionsStart of year $811,815$1,166,771
X-28 Net assets with donor restrictionsStart of year $1,021,805$745,504
X-32 Total net assets or fund balancesStart of year $1,833,620$1,912,275
X-33 Total liabilities and net assetsStart of year $2,013,735$2,221,967
Part XI · Reconciliation of net assets $1,912,275 net assets at year end
XI-1 Total revenue$1,111,987
XI-2 Total expenses$1,033,332
XI-3 Revenue less expenses$78,655
XI-4 Net assets at start of year$1,833,620
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,912,275

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

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