Federation Housing Foundation INC

Tax-deductible

Philadelphia, PA501(c)(3)Since 2019Foundations & GrantmakersEIN 82-2610739

To benefit and support federation housing, INC., a pennsylvania nonprofit corporation.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Run by 6 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
5 of 5
filings with a surplus
Average surplus $747K a year · 74% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.5M
+36% vs prior year
Spent
$313K
To programs
89%
Net assets
$41.5M
By yearFY2020–FY2024
Revenue
$1.5M
FY2024▲ +36%
Revenue by fiscal year
FY2020$148K
FY2021$558K
FY2022$1.9M
FY2023$1.4M
FY2024$1.1M
FY2024$1.5M
Expenses
$313K
FY2024▲ +11%
Expenses by fiscal year
FY2020$123K
FY2021$313K
FY2022$298K
FY2023$282K
FY2024$281K
FY2024$313K
Net assets
$41.5M
FY2024▲ +14%
Net assets by fiscal year
FY2020$37.0M
FY2021$44.1M
FY2022$36.6M
FY2023$38.6M
FY2024$36.5M
FY2024$41.5M

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 Oct 2019.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $278K Management & general 11% · $35K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Federation Housing Foundation INC 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

Supports Federation Housing, Inc., a Pennsylvania nonprofit corporation.

Provided by the organization

This section is blank until Federation Housing Foundation INC claims this page.

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1 program service account for $278K of program spending, described in the organization's own filed words · FY2024.
01

Federation housing foundation, inc. Supports federation housing inc. By receiving, managing, investing, and distributing funds in furtherance of fhi's charitable purposes of operating a nonprofit management corporation to develop low income housing and providing services to housing facilities for the elderly and handicapped persons to…

$278Kprogram expense

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Funders

Who pays for it.

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

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Investment incomeLn 3$1.5M
Money outPt IX
$313K
Ln 25
Programscol B$278K
Managementcol C$35K
Owns and owesPt X
$41.5M
net assets · Ln 32
Total assetsLn 16$41.5M
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$1.5M
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
InvestmentsLn 11–13$41.4M
Other assetsLn 15$41K
Total assetsLn 16$41.5M
LiabilitiesLn 26$0
Net assetsLn 32$41.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
InvestmentsLn 11–13$36.4M$41.4M
Total assetsLn 16$36.5M$41.5M
LiabilitiesLn 26$0$0
Net assetsLn 32$36.5M$41.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$38K$38K
Pension plan contributionsLn 8$2K$2K
Other employee benefitsLn 9$949$949
Payroll taxesLn 10$3K$3K
Legal feesLn 11b$7K$7K
Accounting feesLn 11c$2K$2K
Investment management feesLn 11f$234K$234K
Office expensesLn 13$5K$5K
OccupancyLn 16$2K$2K
InsuranceLn 23$19K$19K
Total functional expensesLn 25$313K$278K$35K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $1.1M$281K$812K$36.5M 990 PDF
FY2023 $1.4M$282K$1.1M$38.6M 990 PDF
FY2022 $1.9M$298K$1.6M$36.6M 990 PDF
FY2021 $558K$313K$245K$44.1M 990 PDF
FY2020 $148K$123K$25K$37.0M 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 (4 parts)
Part VIII · Statement of revenue $1,488,601 across 2 lines filed
VIII-3 Investment incomeExcluded from tax $1,488,601$1,488,601
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,488,601$1,488,601
Part IX · Statement of functional expenses $312,878 across 10 lines filed
IX-7 Other salaries and wagesPrograms $38,344$38,344
IX-8 Pension plan contributionsPrograms $1,942$1,942
IX-9 Other employee benefitsPrograms $949$949
IX-10 Payroll taxesPrograms $2,946$2,946
IX-11b Legal feesManagement $7,185$7,185
IX-11c Accounting feesManagement $2,000$2,000
IX-11f Investment management feesPrograms $233,925$233,925
IX-13 Office expensesManagement $5,161$5,161
IX-16 OccupancyManagement $1,800$1,800
IX-23 InsuranceManagement $18,626$18,626
IX-25 Total functional expensesPrograms $278,106 · Management $34,772 · Fundraising $0$312,878
Part X · Balance sheet $41,483,602 assets, 7 lines filed
X-13 Program-related investmentsStart of year $36,408,082$41,442,660
X-15 Other assetsStart of year $92,475$40,942
X-16 Total assetsStart of year $36,500,557$41,483,602
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $36,500,557$41,483,602
X-32 Total net assets or fund balancesStart of year $36,500,557$41,483,602
X-33 Total liabilities and net assetsStart of year $36,500,557$41,483,602
Part XI · Reconciliation of net assets $41,483,602 net assets at year end
XI-1 Total revenue$1,488,601
XI-2 Total expenses$312,878
XI-3 Revenue less expenses$1,175,723
XI-4 Net assets at start of year$36,500,557
XI-5 Net unrealized gains (losses) on investments$2,493,774
XI-8 Prior period adjustments$1,313,548
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$41,483,602

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

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