Federation Housing Inc
- Assets
- $3.3m
- Revenue
- $184.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 03/1975
- Data as of
- 08/2021
- EIN
- 23-1733766
Organization Overview
Federation Housing Inc is located in Philadelphia, PA. The organization was established in 1975. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Federation Housing Inc 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 08/2021, Federation Housing Inc generated $184.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $1.3k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (40.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SAFE, AFFORDABLE AND WELL MANAGED HOUSING TO LOW-INCOME SENIORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NO EXPENSES TO REPORT
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Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $184,768 |
| 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 | $184,768 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $570 |
| Total functional expenses | $1,320 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $37,662 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $135,828 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,092,520 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,266,010 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $3,266,010 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,266,010 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Federation Housing Inc has recieved totaling $3,058,844.
| Awarding Organization | Amount |
|---|---|
The Harry & Jeanette Weinberg Foundation Inc Owings Mills, MD PURPOSE: TO SUPPORT THE DEVELOPMENT OF 54 UNITS OF AFFORDABLE HOUSING FOR OLDER ADULTS IN WILLOW GROVE, PA JUST OUTSIDE PHILADELPHIA WITH COMPREHENSIVE SERVICES AND SUPPORTS. | $2,000,000 |
The Harry & Jeanette Weinberg Foundation Inc Owings Mills, MD PURPOSE: TO SUPPORT THE DEVELOPMENT OF 54 UNITS OF AFFORDABLE HOUSING FOR OLDER ADULTS IN WILLOW GROVE, PA JUST OUTSIDE PHILADELPHIA WITH COMPREHENSIVE SERVICES AND SUPPORTS. | $1,000,000 |
Robert Saligman Charitable Trust Bala Cynwyd, PA PURPOSE: GENERAL FUNDS | $25,000 |
Harry And Esther Brown Charitable Foundation Jenkintown, PA PURPOSE: GENERAL | $20,000 |
Hassel Foundation Philadelphia, PA PURPOSE: SENIOR CONGREGATE MEAL PROGRAM | $5,000 |
Henrietta Tower Wurts Memorial Philadelphia, PA PURPOSE: SENIOR CONGREGATE MEAL PROGRAM | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Coburg Village Inc Rexford, NY | $43,908,610 | $10,396,522 |
Chcc Ccrc Wyckoff, NJ | $147,839,474 | $3,578,488 |
Life Enriching Communities Loveland, OH | $39,920,656 | $8,319,910 |
Landow House Inc Rockville, MD | $22,817,674 | $9,183,243 |
Village At St Barnabas Inc Gibsonia, PA | $12,528,013 | $7,815,800 |
Baptist Home Of South Jersey Riverton, NJ | $5,498,911 | $7,505,909 |
Ring House Corporation Rockville, MD | $29,695,325 | $8,739,893 |
Pressley Ridge-Maryland Pittsburgh, PA | $946,901 | $8,510,499 |
Ohio Living Quaker Heights Waynesville, OH | $10,489,487 | $7,605,494 |
Dock Acres Inc Lansdale, PA | $67,194,960 | $10,315,116 |
Shenango Presbyterian Senior Care New Wilmington, PA | $15,211,749 | $8,374,415 |
Teresian House Housing Corporation Albany, NY | $28,495,026 | $7,463,112 |