Housing Partnership of Chester Cou… - Form 990 Financial Data

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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

Principal Officer

Jeff Spencer

Phone

6105181522

Tax Period

2024-01-01 to 2024-12-31

Housing Partnership of Chester County Inc, founded in 1988, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 72% from the prior year, signaling strong growth momentum.

Mission

The Housing Partnership of Chester County (HPCC) assists low-to-moderate income individuals and families in the acquisition and retention of long-term attainable housing in Chester County, helping to create and grow safe, stable communities.

Program Service Accomplishments

Program 1

Expenses: $276,584 Revenue: $168,000

First Time Home Buyers Program - assists low to moderate income individuals and families interested in purchasing a home within Chester County, PA. Program provides pre- purchase home ownership...

First Time Home Buyers Program - assists low to moderate income individuals and families interested in purchasing a home within Chester County, PA. Program provides pre- purchase home ownership counseling and a maximum loan of $40,000 for down payment and closing costs to first time home buyers.

Program 2

Expenses: $260,740 Revenue: $124,987

American Rescue Plan Act - funds received from the Federal stimulus bill to aid public health and economic recovery from the COVID-19 pandemic. Proceeds are administered by Chester County and may be...

Program 3

Expenses: $154,591 Revenue: $44,082

Senior Citizen Home Maintenance Program - Funds received from a contract with the Office of Housing and Community Development are used to provide basic home maintenance, repairs and access...

Senior Citizen Home Maintenance Program - Funds received from a contract with the Office of Housing and Community Development are used to provide basic home maintenance, repairs and access modifications for residents of Chester County, 65 years of age and older. The costs are limited to $6,000 and are considered a one-time full grant. A senior household recipient can apply a second time for assistance after a two-year waiting period.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $562,070

Program Service Revenue $720,608

Investment Income $20,891

Other Revenue $-4,991

TOTAL REVENUE $1,298,578

Expense Breakdown

Grants Paid $707,453

Salaries & Benefits $425,050

Fundraising Expenses $43,970

Program Expenses $1,202,791

Other Expenses $165,828

TOTAL EXPENSES $1,298,331

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,298,578	$756,255	+0.7%
Expenses	$1,298,331	$856,742	+0.5%
Net Income	$247	$-100,487	-1.0%

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

Governance

Voting Members

Independent Members

Employees

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

$100,800

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Yurkutat	President	3.00	Officer Director	$0	$0	$0
Joseph Gangemi	Vice President	3.00	Officer Director	$0	$0	$0
Christopher M Breslin	Treasurer	3.00	Officer Director	$0	$0	$0
Roberta Healey	Secretary	3.00	Officer Director	$0	$0	$0
Anne Cowburn	Director	3.00	Director	$0	$0	$0
Ellen B Koopman Esq	Director	3.00	Director	$0	$0	$0
Gina Mazzulla	Director	3.00	Director	$0	$0	$0
Diane O'Dwyer	Director	3.00	Director	$0	$0	$0
Andrew H Stump	Director	3.00	Director	$0	$0	$0
David Sweet	Director	3.00	Director	$0	$0	$0
Kenneth R Hutton	Executive Director	40.00	Officer	$100,800	$0	$100,800

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	$1,298,578	$1,298,331	$1,619,890	$247
2023	$756,255	$856,742	$3,345,007	$-100,487
2022	$694,632	$660,433	$4,131,703	$34,199
2021	$1,216,230	$1,158,515	$3,988,150	$57,715
2020	$981,020	$992,241	$3,860,606	$-11,221
2019	$1,525,832	$1,447,128	$3,921,065	$78,704
2018	$1,024,685	$1,025,944	$3,612,327	$-1,259

Housing Partnership of Chester County Inc