Alliance For Building Communities
- Assets
- $7.0m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 17
- Location
- Allentown, PA
- Founding
- 12/1977
- Data as of
- 06/2022
- EIN
- 23-2041406
Organization Overview
Alliance For Building Communities is located in Allentown, PA. The organization was established in 1977. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Alliance For Building Communities employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alliance For Building Communities 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 06/2022, Alliance For Building Communities generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $1.3m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE INNOVATIVE LEADERSHIP IN DEVELOPING QUALITY, AFFORDABLE HOUSING AND IN CREATING COMMUNITY PARTNERSHIPS THAT STIMULATE AND SUSTAIN HEALTHY NEIGHBORHOODS WHERE
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION AND RENTAL OF 70 LOW INCOME AND ELDERLY APARTMENTS UNDER THE HUD SECTION 8 PROGRAM GENERATED INCOME OF $217,435. GAIN ON SALE OF ASSETS (VEHICLES), A TOYOTA ON AUGUST 9, 2021 OF $6,866 AND A FORD ON AUGUST 18, 2021 OF $2,518. TOTAL GAIN OF $9,384.
DEVELOPMENT AND MANAGEMENT OF LOW INCOME HOUSING PROJECTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bradley Fatzinger President | Officer | 40 | $106,108 |
James Rotherham Board Chair | Trustee | 5 | $0 |
Altagracia Mercado Board Member | Trustee | 1 | $0 |
Sandy Colon Vice Chair | Trustee | 3 | $0 |
Jospeh Schupp Board Member | Trustee | 1 | $0 |
Jaime Ryan Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $424,735 |
| 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 | $424,735 |
| Total Program Service Revenue | $737,522 |
| Investment income | $117,084 |
| 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 | $1,288,725 |
| 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. | $139,584 |
| Compensation of current officers, directors, key employees. | $69,792 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $601,673 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $32,739 |
| Payroll taxes | $24,058 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,563 |
| Fees for services: Accounting | $11,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,680 |
| Office expenses | $24,213 |
| Information technology | $12,354 |
| 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 | $26,462 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $66,666 |
| Insurance | $64,859 |
| All other expenses | $78,384 |
| Total functional expenses | $1,310,746 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,168 |
| Savings and temporary cash investments | $8,364 |
| Pledges and grants receivable | $43,616 |
| Accounts receivable, net | $2,058,491 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,561,476 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $19,130 |
| Net Land, buildings, and equipment | $866,063 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,460,262 |
| Total assets | $7,041,570 |
| Accounts payable and accrued expenses | $153,062 |
| 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 | $1,329,203 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,113,047 |
| Total liabilities | $3,595,312 |
| Net assets without donor restrictions | $3,446,258 |
| 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 | $7,041,570 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
1260 Housing Development Corporation Philadelphia, PA | $75,955,661 | $16,577,131 |
Services For The Underserved Inc New York, NY | $8,662,192 | $15,624,121 |
Hudson River Housing Poughkeepsie, NY | $27,296,400 | $16,670,773 |
Division Housing Corporation Brooklyn, NY | $37,066,960 | $16,618,579 |
Affordable Housing Alliance Inc Neptune, NJ | $23,008,220 | $15,041,931 |
New Community Corporation Newark, NJ | $92,222,632 | $16,838,314 |
Boston Tremont Housing Development Fund Corporation New York, NY | $28,761,784 | $24,917,100 |
Highbridge Community Housing Development Fund Corporation Bronx, NY | $37,198,979 | $10,077,862 |
Community Housing Network Inc Columbus, OH | $58,364,637 | $14,874,820 |
Harlem West Ii Housing Dev Fund Co Inc New York, NY | $7,149,098 | $1,214,746 |
Housing Development Corporation Midatlantic Lancaster, PA | $24,908,226 | $11,939,671 |
Augustus & James Corporation New York, NY | $14,865,131 | $12,141,215 |