Level-Equity Building INC

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Acquisition and redevelopment of blighted properties in and throughout the commonwealth of PA

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 86-2161510) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
27¢ of each $1 spent went to programs.
Run by 4 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
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average surplus $382K a year · 76% of revenue · last 2 filings
A surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
27%
of spending
27% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$92K
to officers and key staff · 51% of spending
Pay to officers and key staff is 51% of spending.
Part VII, Section A
18.8 mo
of spending, in cash
18.8 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $40K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$1K
0.2% of total assets
Liabilities are 0.2% of assets.
Pt X · Ln 26
Independent board members
7
of 7 voting members
7 of 7 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$112K
-87% vs prior year
Spent
$178K
To programs
27%
Net assets
$515K
By yearFY2022–FY2024
Revenue
$112K
FY2024▼ -87%
Tap a bar for its year
Revenue by fiscal year
FY2022$891K
FY2024$112K
Expenses
$178K
FY2024▲ +198%
Tap a bar for its year
Expenses by fiscal year
FY2022$60K
FY2024$178K
Net assets
$515K
FY2024▼ -38%
Tap a bar for its year
Net assets by fiscal year
FY2022$831K
FY2024$515K

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2022.

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

Where the money goes

27 cents of each dollar spent went to programs.

Program services 27% · $49K Management & general 73% · $129K

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

7 people listed on the 990; $92K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
$91,667Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A

Jason Tigano’s $92K as CEO is at the 81st percentile of top reported officer pay among 852 $100K–1M 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.

See Level-Equity Building 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 15aNo

Programs and updates

Acquires and redevelops blighted properties across Pennsylvania.

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1 program · $49K · in their own filed words · FY2024
01

Rehab for Resale Program

Working with communities and local municipalities, level will acquire, fundraise, and facilitate construction activities on single and multi-family housing projects that create home ownership opportunities for residents.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 86-2161510) · Dispute this line
$49Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$40K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$112K
Ln 12
Gifts and grantsLn 1h$348K
Money outPt IX
$178K
Ln 25
Programscol B$49K
Managementcol C$129K
Owns and owesPt X
$515K
net assets · Ln 32
Cash and savingsLn 1–2$279K
Total assetsLn 16$516K
LiabilitiesLn 26$1K
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$348K
Government grantsLn 1e$300K
Fundraising eventsLn 1c$3K
Total revenueLn 12$112K
Assets in detailPt X, end of year
CashLn 1$279K
Cash and savings togetherLn 1–2$279K
Inventories for sale or useLn 8$237K
Total assetsLn 16$516K
LiabilitiesLn 26$1K
Net assetsLn 32$515K
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
Fiscal year endsHeaderDecember
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
LineStart FY24End FY24
Cash and savingsLn 1–2$11K$279K
Total assetsLn 16$586K$516K
LiabilitiesLn 26$23K$1K
Net assetsLn 32$563K$515K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$92K$92K
Payroll taxesLn 10$7K$7K
Legal feesLn 11b$7K$7K
Accounting feesLn 11c$12K$12K
Other fees for servicesLn 11g$42K$41K$900
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$943$943
Information technologyLn 14$232$232
TravelLn 17$74$74
InterestLn 20$48$48
InsuranceLn 23$5K$3K$3K
Other expenses (24a–d)Ln 24$5K$5K$591
All other expensesLn 24e$587$487$100
Total functional expensesLn 25$178K$49K$129K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Aug 11, 2025 $112K$178K−$66K$515K 990 PDF
FY2023 Not on file
FY2022Filed with the IRS Nov 15, 2023 $891K$60K$831K$831K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $111,971 revenue, 12 lines filed
I-8 Contributions and grants$347,916
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue−$235,945
I-12 Total revenue$111,971
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$99,062
I-16a Professional fundraising fees$0
I-17 Other expenses$79,108
I-18 Total expenses$178,170
I-19 Revenue less expenses−$66,199
Part VI · Governance 7 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
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
Part VIII · Statement of revenue $111,971 across 6 lines filed
Lines not itemized here account for −$231,198 of total revenue; see the IRS return.
VIII-1c Fundraising events$2,941
VIII-1e Government grants$300,000
VIII-1f All other contributions, gifts and grants$44,975
VIII-1h Total contributions, gifts and grants$347,916
VIII-8 Net income from fundraising events−$4,747
VIII-12 Total revenueRelated to mission −$231,198$111,971
Part IX · Statement of functional expenses $178,170 across 13 lines filed
IX-7 Other salaries and wagesManagement $91,667$91,667
IX-10 Payroll taxesManagement $7,395$7,395
IX-11b Legal feesManagement $7,232$7,232
IX-11c Accounting feesManagement $12,500$12,500
IX-11g Other fees for servicesPrograms $41,097 · Management $900$41,997
IX-12 Advertising and promotionManagement $4,945$4,945
IX-13 Office expensesManagement $943$943
IX-14 Information technologyManagement $232$232
IX-17 TravelManagement $74$74
IX-20 InterestManagement $48$48
IX-23 InsurancePrograms $2,565 · Management $2,740$5,305
IX-24 Other expenses (24a–d)Programs $4,654 · Management $591$5,245
IX-24e All other expensesPrograms $487 · Management $100$587
IX-25 Total functional expensesPrograms $48,803 · Management $129,367 · Fundraising $0$178,170
Part X · Balance sheet $515,724 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $11,263$278,736
X-8 Inventories for sale or useStart of year $568,941$236,988
X-16 Total assetsStart of year $586,109$515,724
X-25 Other liabilities$1,208
X-26 Total liabilitiesStart of year $22,802$1,208
X-27 Net assets without donor restrictionsStart of year $563,307$514,516
X-32 Total net assets or fund balancesStart of year $563,307$514,516
X-33 Total liabilities and net assetsStart of year $586,109$515,724
Part XI · Reconciliation of net assets $514,516 net assets at year end
XI-1 Total revenue$111,971
XI-2 Total expenses$178,170
XI-3 Revenue less expenses−$66,199
XI-4 Net assets at start of year$563,307
XI-8 Prior period adjustments$17,408
XI-10 Net assets at end of year$514,516

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

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