FEDERATION OF NEIGHBORHOOD CENTERS

EIN: 231630073 501(c)(3) Youth Development

PHILADELPHIA, PA

Total Revenue
$4,761,323
Total Expenses
$4,147,005
Total Assets
$2,261,890
Net Assets
$1,883,493
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1906
Legal Domicile
PA
Principal Officer
MICHAEL HARBISON
Phone
2159822115
Tax Period
2022-07-01 to 2023-06-30

FEDERATION OF NEIGHBORHOOD CENTERS, founded in 1906, is a community nonprofit in the Youth Development sector that reported $4.8M in total revenue in fiscal year 2022. Revenue surged 54% from the prior year, signaling strong growth momentum. Expenses of $4.1M left a modest 13% surplus.

Mission

TO SUPPORT CHILDREN, YOUTH, FAMILIES, AND INDIVIDUALS TOWARDS SELF- SUFFICIENCY.

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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 $4,118,440
Program Service Revenue $496,154
Investment Income $0
Other Revenue $146,729
TOTAL REVENUE $4,761,323

Expense Breakdown

Grants Paid $201,756
Salaries & Benefits $2,124,141
Fundraising Expenses $171,437
Program Expenses $3,663,337
Other Expenses $1,821,108
TOTAL EXPENSES $4,147,005

Year-over-Year Comparison

2022 2021 Change
Revenue $4,761,323 $3,084,929 +0.5%
Expenses $4,147,005 $2,807,654 +0.5%
Net Income $614,318 $277,275 +1.2%
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
12
Independent Members
12
Employees
121
Volunteers
N/A

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
6
$116,865
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JERRY TAPLEY ED TO 6.12.2 35.00
Officer
$92,142 $24,723 $116,865
DAVID REINHARDT BOARD PRESID 2.00
Officer Director
$0 $0 $0
JOSEPH S CIPOLLA BOARD VICE P 2.00
Officer Director
$0 $0 $0
DAVID DEVENNEY BOARD SECRET 2.00
Officer Director
$0 $0 $0
MARC KRASNER BOARD TREASU 1.00
Officer Director
$0 $0 $0
ANDREA M MARSHALL BOARD MEMBER 1.00
Director
$0 $0 $0
NICOLA F SERIANNI ESQ BOARD MEMBER 1.00
Director
$0 $0 $0
DARRYL SANFORD BOARD MEMBER 1.00
Director
$0 $0 $0
LAVERNE SANFORD BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL CERRATO BOARD MEMBER 1.00
Director
$0 $0 $0
DEMIR G MOORE BOARD MEMBER 1.00
Director
$0 $0 $0
JEFFREY FIRST ESQ EX-OFFICIO 1.00
Director
$0 $0 $0
MICHAEL HARBISON EXECUTIVE DI 35.00
Officer
$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
2024 No data No data No data No data
2023 $4,761,323 $4,147,005 $2,261,890 $614,318
2022 $3,084,929 $2,807,654 $1,729,927 $277,275
2021 $2,138,042 $1,265,729 $1,203,058 $872,313
2020 $915,186 $937,324 $277,178 $-22,138
2019 $773,745 $772,546 $176,568 $1,199
2018 $883,960 $972,146 $229,019 $-88,186
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