FEDERATION HOUSING INC

EIN: 232122054 501(c)(3) Community Improvement

PHILADELPHIA, PA

Total Revenue
$4,087,289
Total Expenses
$2,856,101
Total Assets
$41,346,702
Net Assets
$40,657,472
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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
PA
Principal Officer
AVA GOLDMAN
Phone
2156736446
Tax Period
2023-09-01 to 2024-08-31

FEDERATION HOUSING INC, founded in 1978, is a community nonprofit in the Community Improvement sector that reported $4.1M in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.2M, a strong 30% operating margin.

Mission

OUR MISSION IS TO PROVIDE AFFORDABLE HOUSING OPPORTUNITIES FOR LOW-INCOME SENIORS WHO ARE ABLE TO SUSTAIN THEMSELVES IN AN INDEPENDENT LIVING ENVIRONMENT, TO CREATE FACILITIES WHERE OUR RESIDENTS CAN RESIDE AND SOCIALIZE WHILE MAINTAINING A HIGH QUALITY OF LIFE AND ACTIVITY, AND TO HAVE OUR FACILITIES AVAILABLE TO AS MANY SENIORS AS POSSIBLE BY DEVELOPING ADDITIONAL BUILDINGS IN THE PHILADELPHIA AND SURROUNDING SUBURBS.

Program Service Accomplishments

Program 1
Expenses: $2,157,572 Revenue: $1,725,559

PROPERTY MANAGEMENT AND DEVELOPMENT PROGRAM - THE ORGANIZATION MANAGES AND DEVELOPS AFFORDABLE RENTAL HOUSING COMPLEXES FOR THE ELDERLY IN AND AROUND PHILADELPHIA, PENNSYLVANIA. THERE ARE 11 RENTAL...

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PROPERTY MANAGEMENT AND DEVELOPMENT PROGRAM - THE ORGANIZATION MANAGES AND DEVELOPS AFFORDABLE RENTAL HOUSING COMPLEXES FOR THE ELDERLY IN AND AROUND PHILADELPHIA, PENNSYLVANIA. THERE ARE 11 RENTAL HOUSING COMPLEXES BEING MANAGED FOR THE FISCAL YEAR, SERVING 1680 RESIDENTS IN 1315 APARTMENTS.

Program 2
Expenses: $140,117 Revenue: $18,831

MEAL PROGRAM- THIS PROGRAM WAS STARTED IN MAY 2009 AND IS SUBSIDIZED BY THE JEWISH FEDERATION. RESIDENTS PAY $1 FOR A BOXED LUNCH UP TO THREE TIMES PER WEEK IN EACH OF THE BUILDINGS. THERE WERE...

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MEAL PROGRAM- THIS PROGRAM WAS STARTED IN MAY 2009 AND IS SUBSIDIZED BY THE JEWISH FEDERATION. RESIDENTS PAY $1 FOR A BOXED LUNCH UP TO THREE TIMES PER WEEK IN EACH OF THE BUILDINGS. THERE WERE APPROXIMATELY 19,419 MEALS SERVED DURING THE FISCAL YEAR.

Program 3
Expenses: $118,069 Revenue: $52,922

TRANSPORTATION PROGRAM- 2 MINI-VANS AND A 14 PASSENGER MINI BUS WERE AVAILABLE TO TRANSPORT PASSENGERS AT NO CHARGE TO DOCTOR'S APPOINTMENTS, FOOD SHOPPING, MALLS AND OTHER OUTINGS BY APPOINTMENT...

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TRANSPORTATION PROGRAM- 2 MINI-VANS AND A 14 PASSENGER MINI BUS WERE AVAILABLE TO TRANSPORT PASSENGERS AT NO CHARGE TO DOCTOR'S APPOINTMENTS, FOOD SHOPPING, MALLS AND OTHER OUTINGS BY APPOINTMENT. THESE SERVICES WERE OUTSOURCED IN NOVEMBER 2017 AND THE VEHICLES WERE SOLD, BUT THE RESIDENTS CONTINUE TO RECEIVE TRANSPORTATION SERVICES AT NO CHARGE. THE PROGRAM WAS TEMPORARILY SUSPENDED FROM MARCH 2020 UNTIL JULY 2021 DUE TO COVID-19. THERE WERE 1774 TOTAL RESIDENT RIDES FOR THE FISCAL YEAR.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,763,192
Program Service Revenue $1,797,311
Investment Income $526,786
Other Revenue $0
TOTAL REVENUE $4,087,289

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,373,804
Fundraising Expenses $44,055
Program Expenses $2,458,825
Other Expenses $1,482,297
TOTAL EXPENSES $2,856,101

Year-over-Year Comparison

2023 2022 Change
Revenue $4,087,289 $5,789,633 -0.3%
Expenses $2,856,101 $2,647,997 +0.1%
Net Income $1,231,188 $3,141,636 -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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Governance

Voting Members
33
Independent Members
33
Employees
76
Volunteers
33

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
5
$290,175
Total Directors
33
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL DAVIDSON ESQ TREASURER 5.00
Officer Director
$0 $0 $0
JAY WEINSTEIN PRESIDENT 10.00
Officer Director
$0 $0 $0
MITCHELL GOLDENBERG VICE PRESIDENT 5.00
Director
$0 $0 $0
KAREN COHEN SECRETARY 1.00
Officer Director
$0 $0 $0
GARY RUBIN VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
ROSLYN POLLACK DIRECTOR 1.00
Director
$0 $0 $0
RICHARD GREEN DIRECTOR 1.00
Director
$0 $0 $0
SUSAN FREEDMAN ESQ DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL STEINBERG DIRECTOR 1.00
Director
$0 $0 $0
STEPHEN FELDMAN DIRECTOR 1.00
Director
$0 $0 $0
JEROME HELLMAN DIRECTOR 1.00
Director
$0 $0 $0
JOSH ROSENBLOOM DIRECTOR 1.00
Director
$0 $0 $0
JERRY SOKOLOW DIRECTOR 1.00
Director
$0 $0 $0
JASON MORGAN DIRECTOR 1.00
Director
$0 $0 $0
FRANK PODIETZ DIRECTOR 1.00
Director
$0 $0 $0
FRANCINE TABAS DIRECTOR 1.00
Director
$0 $0 $0
FLORRIE FISHER DIRECTOR 1.00
Director
$0 $0 $0
WILLIAM LANDSBURG ESQ DIRECTOR 1.00
Director
$0 $0 $0
SUSAN WEISS DIRECTOR 1.00
Director
$0 $0 $0
DEBORAH GERSHEN GENNELLO DIRECTOR 1.00
Director
$0 $0 $0
CAROLYN SALIGMAN DIRECTOR 1.00
Director
$0 $0 $0
AVA GOLDMAN DIRECTOR 1.00
Director
$0 $0 $0
ALAN LINDY DIRECTOR 1.00
Director
$0 $0 $0
JEROME GLICKMAN DIRECTOR 1.00
Director
$0 $0 $0
AVALIE SAPERSTEIN DIRECTOR 1.00
Director
$0 $0 $0
JB REIBSTEIN DIRECTOR 1.00
Director
$0 $0 $0
ROBERT CASSWAY DIRECTOR 1.00
Director
$0 $0 $0
SCOTT GOLDSTEIN DIRECTOR 1.00
Director
$0 $0 $0
SAUL REIBSTEIN DIRECTOR 1.00
Director
$0 $0 $0
MARK LEVINSON DIRECTOR 1.00
Director
$0 $0 $0
RADA LASITSA DIRECTOR 1.00
Director
$0 $0 $0
RYAN SPAK DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER TINTENFASS DIRECTOR 1.00
Director
$0 $0 $0
ERIC NAFTULIN EXECUTIVE DIRECTOR 40.00
Officer
$267,037 $23,138 $290,175
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 $4,087,289 $2,856,101 $41,346,702 $1,231,188
2023 $5,789,633 $2,647,997 $32,064,138 $3,141,636
2022 $2,883,569 $2,517,237 $27,482,518 $366,332
2021 $5,543,925 $2,009,718 $27,377,110 $3,534,207
2020 $1,992,676 $2,165,754 $21,756,223 $-173,078
2019 $2,908,479 $2,131,899 $52,896,306 $776,580
2018 $4,669,273 $2,139,772 $50,754,800 $2,529,501
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