Redemption Housing Inc
- Assets
- $328.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 12/2016
- Data as of
- 12/2023
- EIN
- 81-2811516
Organization Overview
Redemption Housing Inc is located in Philadelphia, PA. The organization was established in 2016. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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. Redemption 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 12/2023, Redemption Housing Inc generated $91.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.7% each year . All expenses for the organization totaled $113.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROVIDE SAFE, STABLE, STRUCTURED, AND SOBER LIVING ARRANGEMENTS TO PHILADELPHIANS COMING OUT OF INCARCERATION. WE PROVIDE SAFE SPACE WHERE THEY CAN CONNECT WITH SOCIAL SERVICES, FIND EMPLOYMENT AND LOCATE LONG-TERM HOUSING. IN 2021 WE SERVED 5 INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Kuehl President | 2 | $0 | |
Lori Banfield Executive Director | 20 | $12,980 | |
Timothy Johnson Treasurer | 3 | $0 | |
Scott Buchanan Secretary | 2 | $0 | |
Robert Solomon Director | 1 | $0 | |
Karol Mason Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $84,623 |
| Total Program Service Revenue | $7,200 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $91,823 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $22,116 |
| Professional fees and other payments to independent contractors | $3,500 |
| Occupancy, rent, utilities, and maintenance | $27,733 |
| Printing, publications, postage, and shipping | $910 |
| Other expenses | $59,651 |
| Total expenses | $113,910 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $66,093 |
| Other assets | $0 |
| Total assets | $328,009 |
| Total liabilities | $178,414 |
| Net assets or fund balances | $149,595 |