Mission First Housing Group Inc
- Assets
- $2.3m
- Revenue
- $537.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 06/2013
- Data as of
- 06/2022
- EIN
- 45-5470563
Organization Overview
Mission First Housing Group Inc is located in Philadelphia, PA. The organization was established in 2013. According to its NTEE Classification (L11) the organization is classified as: Single Organization Support, 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. Mission First Housing Group 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 06/2022, Mission First Housing Group Inc generated $537.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.9% each year . All expenses for the organization totaled $521.5k during the year ending 06/2022. While expenses have increased by 0.6% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOPS AFFORDABLE, SAFE AND SUSTAINABLE HOUSING FOR THE VULNERABLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH CORPORATE, FOUNDATION AND INDIVIDUAL GIVING, MFHG FINANCES RENTAL SUBSIDIES IN ADDITION TO COST ASSOCIATED WITH COMMUNITY AND RESIDENT SERVICES PROVIDED WITH MFHG'S RESIDENTIAL PORTFOLIO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Duffy Treasurer | OfficerTrustee | 0.3 | $0 |
Michael Simmons Secretary | OfficerTrustee | 0.3 | $0 |
Michael Davidson ESQ Chair | OfficerTrustee | 0.3 | $0 |
Russel Johnson Vice Chair | OfficerTrustee | 0.3 | $0 |
Harry G Dittmann Board Member | Trustee | 0.3 | $0 |
James Kilcoyne Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $240,322 |
| Related organizations | $0 |
| Government grants | $314,788 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,160 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $561,270 |
| Total Program Service Revenue | $0 |
| Investment income | $119 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$23,920 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $537,554 |
| 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 | $328,170 |
| Pension plan accruals and contributions | $3,905 |
| Other employee benefits | $64,190 |
| Payroll taxes | $24,138 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,475 |
| Fees for services: Accounting | $0 |
| 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 | $97 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,675 |
| Interest | $17,609 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $2,713 |
| Total functional expenses | $521,492 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,382 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,009,352 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| 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 | $285,892 |
| Total assets | $2,338,626 |
| Accounts payable and accrued expenses | $26,638 |
| 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 | $3,605,539 |
| Total liabilities | $3,632,177 |
| Net assets without donor restrictions | -$2,040,937 |
| Net assets with donor restrictions | $747,386 |
| 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 | $2,338,626 |