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← FEDERATION HOUSING INC

Form 990 for tax year 2023

Filed by FEDERATION HOUSING INC.

Totals

Total revenue
$4,087,289
Total expenses
$2,856,101
Contributions and grants received
$1,763,192
Grants paid
$0
Program service revenue
$1,797,311
Investment income
$526,786
Other revenue
$0
Total assets, end of year
$41,346,702
Total liabilities, end of year
$689,230
Net assets or fund balances, end of year
$40,657,472
Program services expenses (Part IX)
$2,458,825
Management and general expenses
$353,221
Fundraising expenses
$44,055
Program service expenses (Part III)
$2,458,825

Program services were 86.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,763,192

  • 2a · Program service revenue: MANAGEMENT FEES

    total $1,088,575 · related or exempt $1,088,575

  • 2b · Program service revenue: PROJECT DEVELOPMENT FEES

    total $525,000 · related or exempt $525,000

  • 2c · Program service revenue: BOOKKEEPING FEES

    total $111,983 · related or exempt $111,983

  • 2d · Program service revenue: VAN TRANSPORTATION FEES

    total $52,922 · related or exempt $52,922

  • 2e · Program service revenue: OTHER PROGRAM SERVICES

    total $18,831 · related or exempt $18,831

  • 3 · Investment income

    total $526,124 · excluded $526,124

  • 7a · Gross sales of assets other than inventory

    securities $3,674,362

  • 7b · Less cost or other basis and sales expenses

    securities $3,673,700

  • 7c · Gain or loss

    securities $662

  • 7d · Net gain or loss

    total $662 · excluded $662

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $311,010 · program services $311,010

  • 7 · Other salaries and wages

    total $883,884 · program services $708,558 · management and general $140,555 · fundraising $34,771

  • 8 · Pension plan contributions

    total $36,993 · program services $36,993

  • 9 · Other employee benefits

    total $54,594 · program services $54,594

  • 10 · Payroll taxes

    total $87,323 · program services $85,601 · fundraising $1,722

  • 11b · Fees: legal

    total $9,007 · management and general $9,007

  • 11c · Fees: accounting

    total $8,500 · management and general $8,500

  • 11g · Fees: other

    total $3,600 · management and general $3,600

  • 13 · Office expenses

    total $57,891 · management and general $54,591 · fundraising $3,300

  • 16 · Occupancy

    total $16,200 · management and general $16,200

  • 19 · Conferences, conventions and meetings

    total $10,279 · management and general $10,279

  • 22 · Depreciation, depletion and amortization

    total $49,162 · program services $27,988 · management and general $21,174

  • 23 · Insurance

    total $17,312 · management and general $17,312

  • 24a · Other expenses: PROJECT DEVELOPMENT

    total $329,996 · program services $329,996

  • 24b · Other expenses: RENTAL SUBSIDY

    total $204,959 · program services $204,959

  • 24c · Other expenses: MEAL PROGRAM

    total $140,117 · program services $140,117

  • 24d · Other expenses: TRANSPORTATION

    total $131,624 · program services $118,069 · management and general $13,555

  • 24e · All other expenses

    total $503,650 · program services $440,940 · management and general $58,448 · fundraising $4,262

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,500 · end of year $1,500

  • 2 · Savings and temporary cash investments

    beginning of year $1,700,873 · end of year $7,029,904

  • 3 · Pledges and grants receivable

    beginning of year $1,921,302 · end of year $1,060,896

  • 7 · Other notes and loans receivable

    beginning of year $14,286,695 · end of year $17,066,477

  • 9 · Prepaid expenses and deferred charges

    beginning of year $25,148 · end of year $30,244

  • 10a · Land, buildings and equipment: cost or other basis

    $1,146,542

  • 10b · Land, buildings and equipment: accumulated depreciation

    $607,545

  • 10c · Land, buildings and equipment, net

    beginning of year $588,159 · end of year $538,997

  • 13 · Investments: program-related

    beginning of year $6,095,854 · end of year $5,768,678

  • 15 · Other assets

    beginning of year $7,444,607 · end of year $9,850,006

  • 17 · Accounts payable and accrued expenses

    beginning of year $265,211 · end of year $513,067

  • 25 · Other liabilities

    beginning of year $196,391 · end of year $176,163

  • 27 · Net assets without donor restrictions

    beginning of year $28,723,901 · end of year $37,157,576

  • 28 · Net assets with donor restrictions

    beginning of year $2,878,635 · end of year $3,499,896

Mission and programs · 2023

Mission

OUR MISSION IS TO PROVIDE AFFORDABLE HOUSING OPPORTUNITIES FOR LOW-INCOME SENIORS WHO ARE ABLE TO SUSTAIN THEMSELVES IN AN INDEPENDENT LIVING ENVIRONMENT, TO CREATE FACILITIES WHERE OUR RESIDENTS CAN RESIDE AND SOCIALIZE WHILE MAINTAINING A HIGH QUALITY OF LIFE AND ACTIVITY, AND TO HAVE OUR FACILITIES AVAILABLE TO AS MANY SENIORS AS POSSIBLE BY DEVELOPING ADDITIONAL BUILDINGS IN THE PHILADELPHIA AND SURROUNDING SUBURBS.

Activities or mission (Part I)

MANAGEMENT AND DEVELOPMENT OF FEDERALLY SUBSIDIZED HOUSING PROJECTS FOR THE ELDERLY.

  • PROPERTY MANAGEMENT AND DEVELOPMENT PROGRAM - THE ORGANIZATION MANAGES AND DEVELOPS AFFORDABLE RENTAL HOUSING COMPLEXES FOR THE ELDERLY IN AND AROUND PHILADELPHIA, PENNSYLVANIA. THERE ARE 11 RENTAL HOUSING COMPLEXES BEING MANAGED FOR THE FISCAL YEAR, SERVING 1680 RESIDENTS IN 1315 APARTMENTS.

    Expenses $2,157,572 · Revenue $1,725,559

  • MEAL PROGRAM- THIS PROGRAM WAS STARTED IN MAY 2009 AND IS SUBSIDIZED BY THE JEWISH FEDERATION. RESIDENTS PAY $1 FOR A BOXED LUNCH UP TO THREE TIMES PER WEEK IN EACH OF THE BUILDINGS. THERE WERE APPROXIMATELY 19,419 MEALS SERVED DURING THE FISCAL YEAR.

    Expenses $140,117 · Revenue $18,831

  • TRANSPORTATION PROGRAM- 2 MINI-VANS AND A 14 PASSENGER MINI BUS WERE AVAILABLE TO TRANSPORT PASSENGERS AT NO CHARGE TO DOCTOR'S APPOINTMENTS, FOOD SHOPPING, MALLS AND OTHER OUTINGS BY APPOINTMENT. THESE SERVICES WERE OUTSOURCED IN NOVEMBER 2017 AND THE VEHICLES WERE SOLD, BUT THE RESIDENTS CONTINUE TO RECEIVE TRANSPORTATION SERVICES AT NO CHARGE. THE PROGRAM WAS TEMPORARILY SUSPENDED FROM MARCH 2020 UNTIL JULY 2021 DUE TO COVID-19. THERE WERE 1774 TOTAL RESIDENT RIDES FOR THE FISCAL YEAR.

    Expenses $118,069 · Revenue $52,922

  • FRIENDS PROGRAM- THIS PROGRAM REPRESENTS FUNDS COMMITTED TO ASSIST RESIDENTS WITH OUT OF POCKET MEDICAL EXPENSES AND FOR ACTIVITIES TO HELP IMPROVE THE QUALITY OF LIFE OF THE RESIDENTS. THERE WERE OVER 1,000 RESIDENTS THAT BENEFITED FROM THIS PROGRAM FOR THE FISCAL YEAR.

    Expenses $35,692

  • CHAPLAINCY IS A SERVICE WHERE A RABBI PROVIDES AN INVALUABLE LINK TO JEWISH RITUAL AND COMMUNAL LIFE BY ORGANIZING SHABBAT PROGRAMS AND HIGH HOLIDAY SERVICES. THE RABBI IS AVAILABLE TO FEDERATION HOUSING'S ROUGHLY 1,700 RESIDENTS. CURRENTLY THERE ARE OVER 270 FEDERATION HOUSING RESIDENTS WHO ACTIVELY PARTICIPATE IN AT LEAST ONE ASPECT OF THE JEWISH CHAPLAINCY PROGRAM.

    Expenses $7,375

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Michael Davidson Esq

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Jay Weinstein

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Mitchell Goldenberg

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Karen Cohen

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Gary Rubin

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Roslyn Pollack

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Green

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Susan Freedman Esq

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Steinberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stephen Feldman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jerome Hellman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Josh Rosenbloom

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jerry Sokolow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jason Morgan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Frank Podietz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Francine Tabas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Florrie Fisher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • William Landsburg Esq

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Susan Weiss

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Deborah Gershen Gennello

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Carolyn Saligman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ava Goldman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Alan Lindy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jerome Glickman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Avalie Saperstein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jb Reibstein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert Cassway

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Scott Goldstein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Saul Reibstein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mark Levinson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rada Lasitsa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ryan Spak

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Tintenfass

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eric Naftulin

    EXECUTIVE DIRECTOR

    Total calculated
    $290,175
    From this org
    $267,037
    From related orgs
    $0
    Other
    $23,138
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $267,037
    Bonus
    $0
    Other
    $0
    Deferred
    $13,406
    Nontaxable benefits
    $9,732
    Filer's total
    $290,175

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • FHI TREVOSE GP LLC

    HOUSING · PA · income $0 · assets $0

    Directly controlled by FEDERATION HOUSING INC

  • DAVISVILLE SENIOR APARTMENTS MM LLC

    HOUSING · PA · income $0 · assets $0

    Directly controlled by FEDERATION HOUSING INC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • BYBERRY ELDERLY ASSOC LP

    UNRELATED · LOW-INCOME HOUSING · PA · 0.1% owned · share of assets $190

    Directly controlled by FEDERATION HOUSING INC

  • 509 ASHBOURNE ROAD LP

    UNRELATED · LOW-INCOME HOUSING · PA · 0.01% owned

    Directly controlled by FEDERATION HOUSING INC

  • CENTER PARK AFFORDABLE HOUSING LP

    UNRELATED · LOW-INCOME HOUSING · PA · 0.01% owned

    Directly controlled by FEDERATION HOUSING INC

  • SOMERTON COURT RESIDENCES LP

    UNRELATED · LOW-INCOME HOUSING · PA · 0.1% owned

    Directly controlled by FEDERATION HOUSING INC

  • DAVISVILLE SENIOR APARTMENTS LLC

    UNRELATED · LOW-INCOME HOUSING · PA · 0.01% owned

    Directly controlled by FEDERATION HOUSING INC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CENTER PARK GP INC

    C · MANAGEMENT OF FEDERALLY SUBSIDIZED HOUSING PROJECTS. · PA · 100% owned · share of income -$19

    Directly controlled by FEDERATION HOUSING INC

  • EPHRAIM GOLDSTEIN HOUSE

    C · MANAGEMENT OF FEDERALLY SUBSIDIZED HOUSING PROJECTS. · PA · 100% owned · share of income -$176 · share of assets $189,876

    Directly controlled by FEDERATION HOUSING INC

  • 509 ASHBOURNE ROAD GP LLC

    C · MANAGEMENT OF FEDERALLY SUBSIDIZED HOUSING PROJECTS. · PA · 100% owned · share of income -$500,218 · share of assets $2,352,233

    Directly controlled by FEDERATION HOUSING INC

Provenance

Return type
form_990
Tax year
2023
Filed
10 July 2025
IRS schema version
2023v6.0
Source object
202501919349302020

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