1260 HOUSING DEVELOPMENT CORPORATION

EIN: 232536730 501(c)(3) Housing & Shelter

PHILADELPHIA, PA

Total Revenue
$19,765,476
Total Expenses
$16,311,468
Total Assets
$83,915,544
Net Assets
$49,281,820
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
PA
Principal Officer
THOMAS AK QUEENAN
Phone
2155778414
Tax Period
2023-07-01 to 2024-06-30

1260 HOUSING DEVELOPMENT CORPORATION, founded in 1988, is a mid-sized nonprofit in the Housing & Shelter sector that reported $19.8M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.5M, a strong 17% operating margin.

Mission

ESTABLISHED FOR THE PURPOSES OF DEVELOPING, ACQUIRING, FINANCING AND MANAGING LOW INCOME PERMANENT HOUSING FOR INDIVIDUALS WITH BEHAVIORAL HEALTH ISSUES AS WELL AS INDIVIDUALS IN NEED OF TRANSITIONAL AND EMERGENCY HOUSING IN THE CITY OF PHILADELPHIA, PENNSYLVANIA.

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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 $188
Program Service Revenue $16,911,249
Investment Income $2,599,855
Other Revenue $254,184
TOTAL REVENUE $19,765,476

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $13,796,507
Other Expenses $16,311,468
TOTAL EXPENSES $16,311,468

Year-over-Year Comparison

2023 2022 Change
Revenue $19,765,476 $15,658,972 +0.3%
Expenses $16,311,468 $16,034,802 +0.0%
Net Income $3,454,008 $-375,830 -10.2%
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

Financial Distress Indicator

Liquidity & Cash Position

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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
10

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
$1,003,462
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS AK QUEENAN PRESIDENT & CEO 1.00
Officer
$318,971 $10,118 $329,089
ROBERT H KWAIT ASSISTANT SECRETARY, VP 1.00
Officer
$213,447 $28,837 $242,284
MARK DEITCHER ASSISTANT TREASURER, VP 1.00
Officer
$193,577 $28,390 $221,967
CHIP DARLING VICE PRESIDENT & COO 1.00
Officer
$182,087 $28,035 $210,122
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 $19,765,476 $16,311,468 $83,915,544 $3,454,008
2023 $15,658,972 $16,034,802 $83,745,840 $-375,830
2022 $16,943,789 $16,383,534 $77,316,707 $560,255
2021 $16,577,131 $15,918,854 $75,955,661 $658,277
2020 $14,204,821 $15,518,496 $67,593,380 $-1,313,675
2019 $14,927,032 $15,599,559 $72,872,127 $-672,527
2018 $13,519,495 $15,080,061 $69,944,177 $-1,560,566
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