Philadelphia Hospitality Investment Levy

EIN: 822062953 Community Improvement

PHILADELPHIA, PA

Total Revenue
$7,729,837
Total Expenses
$6,608,972
Total Assets
$25,323,866
Net Assets
$25,323,866
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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
2017
Legal Domicile
PA
Principal Officer
JOSHUA RUEKHEIM
Phone
2155571992
Tax Period
2025-01-01 to 2025-12-31

Philadelphia Hospitality Investment Levy, founded in 2017, is a community nonprofit in the Community Improvement sector that reported $7.7M in total revenue in fiscal year 2025. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $6.6M left a modest 15% surplus.

Mission

TO PROMOTE THE COMMON INTERESTS OF, AND IMPROVE BUSINESS CONDITIONS FOR, PHILADELPHIA HOTELS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $6,302,906
Investment Income $1,426,931
Other Revenue $0
TOTAL REVENUE $7,729,837

Expense Breakdown

Grants Paid $5,957,899
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $651,073
TOTAL EXPENSES $6,608,972

Year-over-Year Comparison

2025 2024 Change
Revenue $7,729,837 $7,083,260 +0.1%
Expenses $6,608,972 $3,943,526 +0.7%
Net Income $1,120,865 $3,139,734 -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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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
15
Independent Members
15
Employees
N/A
Volunteers
31

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
2
$0
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDWARD GROSE PRESIDENT & CEO - NON VOTING 1.0
Officer Director
$0 $0 $0
LEONARD BUCKLEY BOARD MEMBER 1.0
Director
$0 $0 $0
Angela val BOARD MEMBER - NON VOTING 1.0
Director
$0 $0 $0
REGINALD ARCHAMBAULT BOARD MEMBER 1.0
Director
$0 $0 $0
JAMES ADAMSON BOARD MEMBER 1.0
Director
$0 $0 $0
JO ANN BONGART BOARD MEMBER 1.0
Director
$0 $0 $0
SEBASTIEN PLOSS BOARD MEMBER 1.0
Director
$0 $0 $0
MATT NELSON BOARD MEMBER 1.0
Director
$0 $0 $0
DARRYLL ADAMS BOARD MEMBER 1.0
Director
$0 $0 $0
KEN REED BOARD MEMBER 1.0
Director
$0 $0 $0
DEREK BECKMAN BOARD MEMBER 1.0
Director
$0 $0 $0
KEN LANIGAN BOARD MEMBER 1.0
Director
$0 $0 $0
JIM SALVO BOARD MEMBER 1.0
Director
$0 $0 $0
CHARLES GOLDBERG Board Member 1.0
Director
$0 $0 $0
ALBA MARTINEZ Board Member 1.0
Director
$0 $0 $0
GREGG CAREN board member - NON VOTING 1.0
Director
$0 $0 $0
John J Mcnichol board member - NON VOTING 1.0
Director
$0 $0 $0
GEORGE ADEL LIMON BOARD MEMBER (Eff. 11/22/2025) 1.0
Director
$0 $0 $0
MICHEAL CAMASSA BOARD MEMBER (EFF. 11/12/2025) 1.0
Director
$0 $0 $0
ED BATEN BOARD MEMBER (THRU 09/05/2025) 1.0
Director
$0 $0 $0
MICHAEL RYAN BOARD MEMBER (THRU 05/30/2025) 1.0
Director
$0 $0 $0
JOSHUA RUECKHEIM FINANCE DIRECTOR 1.0
Officer
$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 $7,729,837 $6,608,972 $25,323,866 $1,120,865
2024 No data No data No data No data
2023 $6,478,962 $1,189,722 $19,159,245 $5,289,240
2022 $5,441,846 $2,180,151 $12,786,846 $3,261,695
2021 $3,390,979 $3,694,182 $11,013,026 $-303,203
2020 $2,318,815 $1,028,786 $10,804,169 $1,290,029
2019 $6,074,016 $1,719,372 $8,949,518 $4,354,644
2018 $5,260,559 $938,506 $4,219,757 $4,322,053
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