PHILADELPHIA HOUSING DEVELOPMENT C… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1965

Legal Domicile

Principal Officer

DAVID THOMAS

Phone

2154483000

Tax Period

2023-07-01 to 2024-06-30

PHILADELPHIA HOUSING DEVELOPMENT CORPORA, founded in 1965, is a major nonprofit in the Housing & Shelter sector that reported $178.2M in total revenue in fiscal year 2023. Expenses of $168.5M left a modest 5% surplus.

Mission

PROVIDE AFFORDABLE HOUSING AND FINANCIAL ASSISTANCE FOR HOME REPAIRS TARGETED TO LOW INCOME RESIDENTS.

Program Service Accomplishments

Program 1

Expenses: $139,233,015 Revenue: $4,093,902

PROVIDE HOME REPAIR ASSISTANCE TO LOW INCOME HOMEOWNERS. PROVIDE RENTAL ASSISTANCE FOR PEOPLE AFFECTED BY THE PANDEMIC

Program 2

Expenses: $3,153,775

PROVIDE WEATHERIZATION REPAIRS/IMPROVEMENT ASSISTANCE TO LOW INCOME HOMEOWNERS.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $173,633,118

Program Service Revenue $0

Investment Income $487,126

Other Revenue $4,093,902

TOTAL REVENUE $178,214,146

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,518,938

Fundraising Expenses $0

Program Expenses $142,386,790

Other Expenses $152,943,941

TOTAL EXPENSES $168,462,879

Year-over-Year Comparison

	2023	2022	Change
Revenue	$178,214,146	$179,724,189	0.0%
Expenses	$168,462,879	$160,966,535	+0.0%
Net Income	$9,751,267	$18,757,654	-0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

187

Volunteers

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

$360,888

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID THOMAS	EXECUTIVE VICE PRESIDENT	40.00	Officer	$176,996	$24,912	$201,908
DARREN WILLIAMS	DIRECTOR OF FINANCE	40.00	Officer	$147,736	$11,244	$158,980
NICHOLAS JOSEPH DEMA JR	VICE PRESIDENT DESIGN & DEVELOPMENT	40.00	Highest	$127,798	$25,599	$153,397
SUSAN VARGHESE	DEPUTY GENERAL COUNSEL	40.00	Highest	$139,884	$31,765	$171,649
DONNA L TRENT	VICE PRESIDENT HUMAN RESOURCES	40.00	Highest	$127,228	$24,912	$152,140
JOSEPH ZICCARDI	CARPENTER SUPERINTENDENT	40.00	Highest	$150,772	$0	$150,772
ALEX BRADEN	GENERAL COUNSEL	40.00	Highest	$165,107	$19,303	$184,410
KEN WEINSTEIN	CHAIR	5.00	Officer Director	$0	$0	$0
CATHY CALIFANO	VICE CHAIR	1.00	Officer Director	$0	$0	$0
SABRINA MAYNARD	TREASURER	1.00	Officer Director	$0	$0	$0
NORA LICHTASH	SECRETARY	1.00	Officer Director	$0	$0	$0
VIDHI ANDERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES CUORATO	BOARD MEMBER	1.00	Director	$0	$0	$0
KAREN FEGELY	BOARD MEMBER	1.00	Director	$0	$0	$0
JACQUELYN LINTON	BOARD MEMBER	1.00	Director	$0	$0	$0
FRANCIS VARGAS	BOARD MEMBER	1.00	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	No data	No data	No data	No data
2024	$178,214,146	$168,462,879	$147,331,024	$9,751,267
2023	$179,724,189	$160,966,535	$160,832,920	$18,757,654
2022	$247,066,079	$241,946,229	$81,202,288	$5,119,850
2021	$149,141,044	$137,891,400	$69,909,303	$11,249,644
2020	$78,243,959	$77,469,469	$48,929,218	$774,490
2019	$43,246,929	$41,807,275	$8,923,140	$1,439,654
2018	$36,984,065	$38,904,742	$9,576,716	$-1,920,677

PHILADELPHIA HOUSING DEVELOPMENT CORPORA