Rising Tide Partners advances the revitalization of distressed neighborhoods in the Pittsburgh region by preserving and improving affordable housing, preventing the displacement of existing residents and addressing blighted properties.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
$120K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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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 $637K a year · 30% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$120K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
5 mo
of spending, in cash
Looks good: 4.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $1.2M
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$23.7M
89% of total assets
Concern: liabilities are 89% of assets; over 80%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.8M
+77% vs prior year
Spent
$3.0M
To programs
83%
Net assets
$3.1M
By yearFY2020–FY2024
Revenue
$3.8M
FY2024▲ +77%
Tap a bar for its year
Revenue by fiscal year
FY2020$539K
FY2021$848K
FY2022$3.4M
FY2023$2.1M
FY2024$3.8M
Expenses
$3.0M
FY2024▲ +19%
Tap a bar for its year
Expenses by fiscal year
FY2020$164K
FY2021$510K
FY2022$1.3M
FY2023$2.5M
FY2024$3.0M
Net assets
$3.1M
FY2024▲ +32%
Tap a bar for its year
Net assets by fiscal year
FY2020$375K
FY2021$714K
FY2022$2.7M
FY2023$2.3M
FY2024$3.1M

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

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2021.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $2.5M Management & general 15% · $464K Fundraising 1% · $33K

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

9 people listed on the 990; $120K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$120,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Kendall Pelling’s $120K as Executive Director is at the 52nd percentile of top reported officer pay among 2036 $1–10M 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Kendall Pelling$120,000$120,000$90,000$90,000$52,500

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 Rising Tide Partners 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 15aYes

Programs and updates

Revitalizes distressed Pittsburgh neighborhoods by improving housing, preventing displacement, and clearing blighted properties.

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Provided by the organization

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1 program · $2.5M · in their own filed words · FY2024
01

Rising tide partners collaborates with neighborhood organizations and residents to implement their community vision by employing restorative real estate practices, laying the groundwork for wealth building and stability of residents who have suffered from systemic injustices in land use decisions.

$2.5Mprogram 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 · FY2024
Total grants receivedfrom 3 funders$1.2M
See all 3 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$3.8M
Ln 12
Gifts and grantsLn 1h$3.4M
Other incomeLn 4–11$173K
Fees for servicesLn 2g$163K
Money outPt IX
$3.0M
Ln 25
Programscol B$2.5M
Managementcol C$464K
Fundraisingcol D$33K
Owns and owesPt X
$3.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$26.8M
LiabilitiesLn 26$23.7M
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.4M
Government grantsLn 1e$514K
Fees for servicesLn 2g$163K
Investment incomeLn 3$12K
Other incomeLn 4–11$173K
Gains on assetsLn 7−$166K
Total revenueLn 12$3.8M
Assets in detailPt X, end of year
CashLn 1$547K
SavingsLn 2$603K
Cash and savings togetherLn 1–2$1.2M
Land, buildings, equipmentLn 10c$16.2M
Other assetsLn 15$8.8M
Total assetsLn 16$26.8M
LiabilitiesLn 26$23.7M
Net assetsLn 32$3.1M
OperationsPt I, VI
EmployeesI 54
VolunteersI 60
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$1.2M$1.2M
Land, buildings, equipmentLn 10c$9.3M$16.2M
Total assetsLn 16$18.4M$26.8M
LiabilitiesLn 26$16.1M$23.7M
Net assetsLn 32$2.3M$3.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of disqualified personsLn 6$122K$73K$24K$24K
Other salaries and wagesLn 7$759K$574K$186K$179
Other employee benefitsLn 9$112K$82K$27K$3K
Payroll taxesLn 10$76K$56K$18K$2K
Legal feesLn 11b$4K$3K$1K
Accounting feesLn 11c$23K$23K
Other fees for servicesLn 11g$141K$43K$95K$2K
Advertising and promotionLn 12$6K$6K
Office expensesLn 13$37K$27K$9K$980
Information technologyLn 14$26K$6K$20K
OccupancyLn 16$9K$7K$2K$257
TravelLn 17$23K$17K$5K$623
InterestLn 20$516K$511K$6K
Depreciation, depletion and amortizationLn 22$438K$435K$2K$263
InsuranceLn 23$156K$151K$5K
Other expenses (24a–d)Ln 24$550K$527K$23K$0
All other expensesLn 24e$18K$18K
Total functional expensesLn 25$3.0M$2.5M$464K$33K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $3.8M$3.0M$744K$3.1M 990 PDF
FY2023 $2.1M$2.5M−$401K$2.3M 990 PDF
FY2022 $3.4M$1.3M$2.1M$2.7M 990 PDF
FY2021 $848K$510K$339K$714K 990 PDF
FY2020 $539K$164K$375K$375K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $3,759,625 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,748,926$3,423,829
I-9 Program service revenuePrior year $440,730$162,642
I-10 Investment incomePrior year $4,022−$154,687
I-11 Other revenuePrior year −$70,852$327,841
I-12 Total revenuePrior year $2,122,826$3,759,625
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 $809,116$1,069,443
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,714,626$1,946,236
I-18 Total expensesPrior year $2,523,742$3,015,679
I-19 Revenue less expensesPrior year −$400,916$743,946
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,759,625 across 9 lines filed
VIII-1e Government grants$514,480
VIII-1f All other contributions, gifts and grants$2,909,349
VIII-1h Total contributions, gifts and grants$3,423,829
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $162,642$162,642
VIII-3 Investment incomeExcluded from tax $11,786$11,786
VIII-6 Net rental income or lossRelated to mission $279,925$279,925
VIII-7 Net gain or loss on sales of assetsRelated to mission −$166,473−$166,473
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $47,916$47,916
VIII-12 Total revenueRelated to mission $324,010 · Unrelated business $0 · Excluded from tax $11,786$3,759,625
Part IX · Statement of functional expenses $3,015,679 across 17 lines filed
IX-6 Pay of disqualified personsPrograms $73,350 · Management $24,450 · Fundraising $24,450$122,250
IX-7 Other salaries and wagesPrograms $573,500 · Management $185,800 · Fundraising $179$759,479
IX-9 Other employee benefitsPrograms $82,274 · Management $26,729 · Fundraising $2,682$111,685
IX-10 Payroll taxesPrograms $55,802 · Management $18,137 · Fundraising $2,090$76,029
IX-11b Legal feesPrograms $3,166 · Management $1,080$4,246
IX-11c Accounting feesManagement $22,541$22,541
IX-11g Other fees for servicesPrograms $43,447 · Management $95,439 · Fundraising $1,706$140,592
IX-12 Advertising and promotionPrograms $6,472$6,472
IX-13 Office expensesPrograms $27,008 · Management $9,064 · Fundraising $980$37,052
IX-14 Information technologyPrograms $5,852 · Management $19,965$25,817
IX-16 OccupancyPrograms $6,860 · Management $2,230 · Fundraising $257$9,347
IX-17 TravelPrograms $16,624 · Management $5,403 · Fundraising $623$22,650
IX-20 InterestPrograms $510,789 · Management $5,573$516,362
IX-22 Depreciation, depletion and amortizationPrograms $435,102 · Management $2,278 · Fundraising $263$437,643
IX-23 InsurancePrograms $150,912 · Management $4,766$155,678
IX-24 Other expenses (24a–d)Programs $526,868 · Management $23,359 · Fundraising $0$550,227
IX-24e All other expensesManagement $17,609$17,609
IX-25 Total functional expensesPrograms $2,518,026 · Management $464,423 · Fundraising $33,230$3,015,679
Part X · Balance sheet $26,805,660 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $1,195,726$547,031
X-2 Savings and temporary cash investments$602,999
X-3 Pledges and grants receivableStart of year $300,000$200,000
X-4 Accounts receivableStart of year $608,030$431,469
X-10c Land, buildings and equipment, netStart of year $9,319,035$16,241,399
X-15 Other assetsStart of year $6,986,527$8,782,762
X-16 Total assetsStart of year $18,409,318$26,805,660
X-17 Accounts payable and accrued expensesStart of year $190,332$152,479
X-24 Unsecured notes and loans payable$2,500
X-25 Other liabilitiesStart of year $57,260$555,870
X-26 Total liabilitiesStart of year $16,072,615$23,725,011
X-27 Net assets without donor restrictionsStart of year $2,209,203$2,194,232
X-28 Net assets with donor restrictionsStart of year $127,500$886,417
X-32 Total net assets or fund balancesStart of year $2,336,703$3,080,649
X-33 Total liabilities and net assetsStart of year $18,409,318$26,805,660
Part XI · Reconciliation of net assets $3,080,649 net assets at year end
XI-1 Total revenue$3,759,625
XI-2 Total expenses$3,015,679
XI-3 Revenue less expenses$743,946
XI-4 Net assets at start of year$2,336,703
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,080,649

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

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