CENTER SOUTH HOUSING DEVELOPMENT CORPORATION

EIN: 020677705 501(c)(3) Mental Health

PHILADELPHIA, PA

Total Revenue
$349,189
Total Expenses
$154,161
Total Assets
$2,081,634
Net Assets
$1,718,892
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
PA
Principal Officer
THOMAS AK QUEENAN
Phone
2155578484
Tax Period
2022-07-01 to 2023-06-30

CENTER SOUTH HOUSING DEVELOPMENT CORPORATION, founded in 2003, is a small nonprofit in the Mental Health sector that reported $349K in total revenue in fiscal year 2022. Revenue fell 44% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $195K, a strong 56% operating margin.

Mission

ORGANIZED TO ACQUIRE, REHABILITATE, CONSTRUCT, OWN AND OPERATE AN AFFORDABLE HOUSING PROJECT IN PHILADELPHIA FOR THE PURPOSES OF PROVIDING LOW INCOME, SAFE, AFFORDABLE AND PERMANENT HOUSING FOR THE DISABLED AS MAY BE IDENTIFIED BY FEDERAL, STATE OR COUNTY OFFICIALS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $48,300
Investment Income $15
Other Revenue $300,874
TOTAL REVENUE $349,189

Expense Breakdown

Grants Paid $0
Salaries & Benefits $21,821
Fundraising Expenses $0
Program Expenses $140,590
Other Expenses $132,340
TOTAL EXPENSES $154,161

Year-over-Year Comparison

2022 2021 Change
Revenue $349,189 $625,113 -0.4%
Expenses $154,161 $131,057 +0.2%
Net Income $195,028 $494,056 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
3
Employees
N/A
Volunteers
3

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$830,585
Total Directors
7
$0
Key Employees
2
$431,763
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL DAVIDSON ESQ CHAIR 0.30
Officer Director
$0 $0 $0
RUSSEL JOHNSON VICE CHAIR 0.30
Officer Director
$0 $0 $0
MARK DUFFY TREASURER 0.30
Officer Director
$0 $0 $0
MICHAEL SIMMONS SECRETARY 0.30
Officer Director
$0 $0 $0
HARRY G DITTMANN BOARD MEMBER 0.30
Director
$0 $0 $0
JAMES KILCOYNE BOARD MEMBER 1.00
Director
$0 $0 $0
MARVA WILLIAMS BOARD MEMBER 0.30
Director
$0 $0 $0
ROBERT H KWAIT ASSISTANT SECRETARY, VP 1.00
Officer
$0 $28,619 $223,212
MARK DEITCHER ASSISTANT TREASURER, VP 1.00
Officer
$0 $28,271 $226,472
CHIP DARLING VICE PRESIDENT & COO 1.00
Officer
$0 $28,017 $210,516
THOMAS AK QUEENAN PRESIDENT & CEO 1.00
Officer
$0 $759 $170,385
SUSAN MCPHEDREN DIRECTOR OF DEVELOPMENT - PHILADELPHIA 37.50
Key Emp
$0 $24,148 $187,360
SARAH CONSTANT SENIOR VP, REAL ESTATE DEVELOPMENT 37.50
Key Emp
$0 $26,635 $244,403
CHARISE WALKER DIRECTOR OF COMPLIANCE 37.50
Highest
$0 $25,772 $158,093
PATRICK SNOKE DIRECTOR OF CONSTRUCTION 37.50
Highest
$0 $13,787 $147,927
SUSAN MCMICHAEL DIRECTOR OF INFORMATION SYSTEMS 37.50
Highest
$0 $25,499 $146,639
MICHON CONNELL VICE PRESIDENT OF ACCOUNTING AND REPORTING 37.50
Highest
$0 $13,640 $141,914
ELIZABETH EVERHART SENIOR DEVELOPMENT MANAGER 37.50
Highest
$0 $4,473 $152,327
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $349,189 $154,161 $2,081,634 $195,028
2023 $48,315 $154,161 $2,081,634 $-105,846
2022 $625,113 $131,057 $1,845,190 $494,056
2021 $1,014,813 $120,399 $1,489,414 $894,414
2020 $91,759 $577,299 $393,868 $-485,540
2019 $143,886 $100,048 $795,196 $43,838
2018 $66,898 $101,534 $727,399 $-34,636
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