Partnership for Housing Affordability

EIN: 800099199 501(c)(3) Education

Richmond, VA

Total Revenue
$1,434,968
Total Expenses
$766,315
Total Assets
$2,013,735
Net Assets
$1,833,620
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
VA
Principal Officer
Jovan Burton
Phone
8044225057
Tax Period
2023-01-01 to 2023-12-31

Partnership for Housing Affordability, founded in 2004, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 56% from the prior year, signaling strong growth momentum. The organization ran a surplus of $669K, a strong 47% operating margin.

Mission

In response to housing needs in our communities, we champion policies, developments, and programs for quality affordable housing in the Richmond region.

Program Service Accomplishments

Program 1
Expenses: $611,347

In 2023, the Partnership for Housing Affordability was successful in significantly bolstering its focus and impact on housing policy and education. PHA Developed its first ever regonal policy agenda...

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In 2023, the Partnership for Housing Affordability was successful in significantly bolstering its focus and impact on housing policy and education. PHA Developed its first ever regonal policy agenda, hired its first policy director, and contracted with a public relations firm to enhance our messaging in the community. Additionally, the organization underwent a rebrand and new website development. PHA also began what will be a 3-year research project on the preservation of Black wealth in the region. All of these accomplishments were supported by historic funding for our policy and education work.

Program 2
Expenses: $24,229

PHA's Housing Resource Line responded to more than 6,300 calls, resulting in 5,927 referrals, and $300,000 in financial assistance provided to local residents for housing needs.

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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 $1,396,717
Program Service Revenue $0
Investment Income $38,251
Other Revenue $0
TOTAL REVENUE $1,434,968

Expense Breakdown

Grants Paid $0
Salaries & Benefits $373,164
Fundraising Expenses $30,009
Program Expenses $635,576
Other Expenses $393,151
TOTAL EXPENSES $766,315

Year-over-Year Comparison

2023 2022 Change
Revenue $1,434,968 $921,605 +0.6%
Expenses $766,315 $500,859 +0.5%
Net Income $668,653 $420,746 +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
18
Independent Members
18
Employees
N/A
Volunteers
18

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
$110,659
Total Directors
18
$110,659
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Nathalia Artus Chairman 2.00
Officer Director
$0 $0 $0
Thomas Wohlfarth Treasurer 2.00
Officer Director
$0 $0 $0
Martha Shickle Vice Chair 2.00
Officer Director
$0 $0 $0
Dan Cohen Director 2.00
Director
$0 $0 $0
Nora Amos Director 2.00
Director
$0 $0 $0
Alana Gonzalez Director 2.00
Director
$0 $0 $0
Carolyn Loftin Director 2.00
Director
$0 $0 $0
Laura Lafayette Director 2.00
Director
$0 $0 $0
Jo Ann Hunter Director 2.00
Director
$0 $0 $0
Eric Leabough Director 2.00
Director
$0 $0 $0
Preston Lloyd Director 2.00
Director
$0 $0 $0
David Maloney Director 2.00
Director
$0 $0 $0
Sherrill Hampton Director 2.00
Director
$0 $0 $0
Sean O'Brien Director 2.00
Director
$0 $0 $0
LeQuan Hylton Director 2.00
Director
$0 $0 $0
Michael Urban Director 2.00
Director
$0 $0 $0
Jovan Burton Executive Director 2.00
Officer Director
$0 $0 $110,659
Bernard Harkless Immediate Past Chair 2.00
Officer 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
2024 No data No data No data No data
2023 $1,434,968 $766,315 $2,013,735 $668,653
2022 $921,605 $500,859 $1,308,065 $420,746
2021 $502,568 $474,342 $791,600 $28,226
2020 $287,940 $372,523 $768,042 $-84,583
2019 $952,718 $457,586 $856,877 $495,132
2018 $263,460 $83,101 $308,861 $180,359
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