Allegheny West Foundation
- Assets
- $3.2m
- Revenue
- $908.7k
- Investments
- $0.0
- Employees
- 14
- Location
- Philadelphia, PA
- Founding
- 07/1974
- Data as of
- 06/2021
- EIN
- 23-1924667
Organization Overview
Allegheny West Foundation is located in Philadelphia, PA. The organization was established in 1974. 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, Allegheny West Foundation employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Allegheny West Foundation 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, Allegheny West Foundation generated $908.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $922.8k during the year ending 06/2021. 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 RELIEVE THE POOR AND DISTRESSED BY ADVANCING EDUCATION, LESSENING THE BURDENS OF GOVERNMENT, FOSTERING LOW-INCOME HOUSING, AND COMBATING COMMUNITY DETERIORATION AND JUVENILE DELINQUENCY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PURCHASE OF RUN-DOWN HOUSING, REHAB, AND SALE OF THESE UNITS TO LOW-INCOME BUYERS AS SINGLE FAMILY HOMES. MAINTAINS SOME RENTAL UNITS.
ECONOMIC DEVELOPMENT PROGRAMS
EDUCATION PROGRAMS
COMMUNITY DEVELOPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Hinton President/exec Dir | OfficerTrustee | 40 | $124,295 |
Norma B Carter Chair & Secretary | OfficerTrustee | 1 | $0 |
Billy Sconiers Assistant Treasurer | OfficerTrustee | 1 | $0 |
Eugene J Veneziale Vice President & Asst Secretary | OfficerTrustee | 1 | $0 |
David R Bright Treasurer | OfficerTrustee | 1 | $0 |
The Honorable Cindy Bass Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $86,007 |
| All other contributions, gifts, grants, and similar amounts not included above | $105,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $191,007 |
| Total Program Service Revenue | $605,632 |
| Investment income | $0 |
| 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 | $65,987 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $908,725 |
| 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. | $124,295 |
| Compensation of current officers, directors, key employees. | $18,644 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $207,600 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,053 |
| Payroll taxes | $33,858 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $83,460 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,107 |
| Advertising and promotion | $0 |
| Office expenses | $38,509 |
| 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 | $44,400 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $75,684 |
| Insurance | $25,610 |
| All other expenses | $20,728 |
| Total functional expenses | $922,838 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,696 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $87,174 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,255 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,677 |
| Net Land, buildings, and equipment | $1,267,384 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,805,475 |
| Total assets | $3,241,661 |
| Accounts payable and accrued expenses | $105,755 |
| 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 | $2,276,138 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $81,158 |
| Total liabilities | $2,463,051 |
| Net assets without donor restrictions | $778,610 |
| 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 | $3,241,661 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Allegheny West Foundation has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: SOCIAL | | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Praxis Housing Initiatives Inc New York, NY | $17,550,749 | $43,469,449 |
Home Headquarters Inc Syracuse, NY | $61,706,462 | $11,933,384 |
Depaul Properties Inc Rochester, NY | $60,046,501 | $8,018,697 |
Isles Inc Trenton, NJ | $25,476,363 | $9,864,108 |
Beech Interplex Inc Philadelphia, PA | $34,852,112 | $5,583,039 |
Crispus Attucks Association Of York Pennsylvania York, PA | $24,303,531 | $5,790,154 |
Eastern West Virginia Community Action Inc Moorefield, WV | $1,421,827 | $4,960,389 |
Housing Initiative Partnership Inc Hyattsville, MD | $6,736,869 | $3,837,345 |
Troy Rehabilitation And Improvement Program Inc Troy, NY | $4,527,116 | $4,140,655 |
Fairfax Renaissance Development Corporation Cleveland, OH | $25,841,222 | $4,040,938 |
Opportunity Headquarters Inc Syracuse, NY | $931,819 | $3,257,864 |
Rebuilding Together-Saratoga County Ballston Spa, NY | $1,364,946 | $2,773,949 |