Philadelphia Housing Development Corporation

Organization Overview

Philadelphia Housing Development Corporation is located in Philadelphia, PA. The organization was established in 1967. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, under the broad grouping of Housing & Shelter and related organizations. As of 06/2021, Philadelphia Housing Development Corporation employed 199 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Philadelphia Housing Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Philadelphia Housing Development Corporation generated $149.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 35.8% each year . All expenses for the organization totaled $137.9m during the year ending 06/2021. While expenses have increased by 33.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE AFFORDABLE HOUSING AND FINANCIAL ASSISTANCE FOR HOME REPAIRS TARGETED TO LOW INCOME RESIDENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE HOME REPAIR ASSISTANCE TO LOW INCOME HOMEOWNERS. PROVIDE RENTAL ASSISTANCE FOR PEOPLE EFFECTED BY THE PANDEMIC


PROVIDE WEATHERIZATION REPAIRS/IMPROVEMENT ASSISTANCE TO LOW INCOME HOMEOWNERS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Adkins Management Inc & Pidc
Home Improvement Contractor
$1,137,834
Dms General Contracting Inc
Roofing Contractor
$1,207,203
Virelli Roofing
Roofing Contractor
$1,494,867
Union Roofing Contractors Inc
Roofing Contractor
$1,298,935
Clark Roofing Co Inc
Roofing Contractor
$1,362,095
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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $148,900,227
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$148,900,227
Total Program Service Revenue$0
Investment income $45,798
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $149,141,044

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Philadelphia Housing Development Corporation has recieved totaling $75,000.

Awarding OrganizationAmount
Independence Public Media Of Philadelphia Inc

Philadelphia, PA

PURPOSE: TO INCREASE THE VISIBILITY AND UNDERSTANDING OF THE DIVERSE ASIAN AMERICAN COMMUNITIES IN PHILADELPHIA AND THEIR STRENGTHS, CHALLENGES AND HISTORIES THROUGH A YEARLONG FEATURE SERIES OF JOURNALISTIC WORK ABOUT POST-COVID REOPENING.

$75,000
View Grant Recipient Profile

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