PASADENA INTERFAITH HOUSING FOUNDATION INC

EIN: 741999427 501(c)(3) Housing & Shelter

PASADENA, TX

Total Revenue
$1,980,852
Total Expenses
$1,884,935
Total Assets
$2,723,337
Net Assets
$-3,153,472
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
TX
Principal Officer
MICHAEL PELTZMAN
Phone
7134752880
Tax Period
2023-07-01 to 2024-06-30

PASADENA INTERFAITH HOUSING FOUNDATION INC, founded in 1979, is a community nonprofit in the Housing & Shelter sector that reported $2.0M in total revenue in fiscal year 2023. Expenses of $1.9M left a modest 5% surplus.

Mission

PASADENA INTERFAITH HOUSING FOUNDATION, INC. (A TEXAS NOT-FOR-PROFIT CORPORATION) WAS ORGANIZED TO OWN AND OPERATE A 176 UNIT APARTMENT COMMUNITY IN PASADENA, TEXAS, KNOWN AS PASADENA INTERFAITH MANOR (THE "COMMUNITY"). THE CORPORATION HAS ENTERED INTO AND IS GOVERNED BY A REGULATORY AGREEMENT WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD). THE PROJECT, THROUGH A HOUSING ASSISTANCE PAYMENTS CONTRACT WITH HUD, PROVIDES A SAFE, ADEQUATE HOUSING FACILITY TO ELIGIBLE LOW INCOME TENANTS.

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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 $1,280,980
Program Service Revenue $659,027
Investment Income $1,513
Other Revenue $39,332
TOTAL REVENUE $1,980,852

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,630,338
Other Expenses $1,884,935
TOTAL EXPENSES $1,884,935

Year-over-Year Comparison

2023 2022 Change
Revenue $1,980,852 $1,922,409 +0.0%
Expenses $1,884,935 $1,781,238 +0.1%
Net Income $95,917 $141,171 -0.3%
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

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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
12
Independent Members
12
Employees
N/A
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
0
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RAYMOND WILKERSON BOARD MEMBER 1.00
Director
$0 $0 $0
ANDREW FARKAS ALTERNATE 1.00
Director
$0 $0 $0
LAVINIA BROWN VICE PRESIDENT 1.00
Director
$0 $0 $0
MIKE MERKIN TREASURER 1.00
Director
$0 $0 $0
AMY MERKIN BOARD MEMBER 1.00
Director
$0 $0 $0
BRIAN DAVIS BOARD MEMBER 1.00
Director
$0 $0 $0
EUGENE RHODEN BOARD MEMBER 1.00
Director
$0 $0 $0
MILO WHARRY BOARD MEMBER 1.00
Director
$0 $0 $0
BOB WOOD SECRETARY 1.00
Director
$0 $0 $0
SARAH BROWN ALTERNATE 1.00
Director
$0 $0 $0
MICHAEL PELTZMAN PRESIDENT 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 $1,980,852 $1,884,935 $2,723,337 $95,917
2023 $1,922,409 $1,781,238 $2,776,358 $141,171
2022 $1,864,470 $1,836,257 $2,737,451 $28,213
2021 $1,872,167 $2,041,659 $2,783,279 $-169,492
2020 $1,801,857 $1,937,803 $2,705,194 $-135,946
2019 $1,789,172 $1,802,204 $2,992,005 $-13,032
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