THE VILLAGE OF ARTS AND HUMANITIES

EIN: 223045318 501(c)(3) Human Services

PHILADELPHIA, PA

Total Revenue
$1,422,213
Total Expenses
$3,528,371
Total Assets
$6,244,458
Net Assets
$5,967,864
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
PA
Principal Officer
Alan Jacobson
Phone
2152257830
Tax Period
2024-07-01 to 2025-06-30

THE VILLAGE OF ARTS AND HUMANITIES, founded in 1986, is a community nonprofit in the Human Services sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 63% from the prior year, signaling strong growth momentum. Expenses of $3.5M exceeded revenue, resulting in a 148% operating deficit.

Mission

To amplify the voices and aspirations of the community by providing arts-based opportunities for self-expression and personal success that engage our North Philadelphia community, revitalize physical space, and preserve black heritage.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,260,882
Program Service Revenue $4,750
Investment Income $134,934
Other Revenue $21,647
TOTAL REVENUE $1,422,213

Expense Breakdown

Grants Paid $416,247
Salaries & Benefits $1,235,553
Fundraising Expenses $94,955
Program Expenses $2,541,785
Other Expenses $1,876,571
TOTAL EXPENSES $3,528,371

Year-over-Year Comparison

2024 2023 Change
Revenue $1,422,213 $873,280 +0.6%
Expenses $3,528,371 $3,222,362 +0.1%
Net Income $-2,106,158 $-2,349,082 -0.1%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
29
Volunteers
8

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
4
$152,403
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ineda Elmore Stratton Executive Director thru 7/11/24 19.00
Officer
$119,539 $32,864 $152,403
Melody Keim Executive Director 1/6/25 - present 32.00
Officer
$0 $0 $0
Melissa Kim Board Member, acting ED 7/12/24-1/5/25 6.00
Officer Director
$0 $0 $0
Alan Jacobson Board President 3.00
Officer Director
$0 $0 $0
Curtis Parchment Board Member 0.50
Director
$0 $0 $0
Saul Behar Board Member 0.50
Director
$0 $0 $0
Melinda Watts Board Member 4.00
Director
$0 $0 $0
Sally Harrison Board Member 0.50
Director
$0 $0 $0
Peter Cilio Board Member 0.50
Director
$0 $0 $0
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 $1,422,213 $3,528,371 $6,244,458 $-2,106,158
2024 $873,280 $3,222,362 $9,224,946 $-2,349,082
2023 $5,130,521 $2,919,213 $11,508,628 $2,211,308
2022 $6,607,935 $2,460,475 $9,195,750 $4,147,460
2021 $3,107,927 $2,333,896 $5,314,083 $774,031
2020 $3,434,315 $2,090,693 $4,309,666 $1,343,622
2019 $2,444,401 $1,471,332 $2,874,750 $973,069
2018 $2,050,067 $1,390,232 $1,850,729 $659,835
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