Form 990 for tax year 2023
Filed by HOUSING PARTNERSHIP OF CHESTER COUNTY INC.
Totals
- Total revenue
- $756,255
- Total expenses
- $856,742
- Contributions and grants received
- $350,404
- Grants paid
- $306,587
- Program service revenue
- $411,402
- Investment income
- $7,903
- Other revenue
- -$13,454
- Total assets, end of year
- $3,345,007
- Total liabilities, end of year
- $2,954,210
- Net assets or fund balances, end of year
- $390,797
- Program services expenses (Part IX)
- $734,648
- Management and general expenses
- $79,387
- Fundraising expenses
- $42,707
- Program service expenses (Part III)
- $734,648
Program services were 85.7% 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.
-
1c · Fundraising events
$24,523
-
1e · Government grants (contributions)
$104,054
-
1f · All other contributions, gifts and grants
$221,827
-
2a · Program service revenue: Govt Grants Access
total $141,050 · unrelated business $0 · excluded $0
-
2b · Program service revenue: Govt Grants First Time Home Buyer
total $40,000 · unrelated business $0 · excluded $0
-
2c · Program service revenue: Govt Grants Home Maintenance
total $96,102 · unrelated business $0 · excluded $0
-
2d · Program service revenue: Govt Grants Rehabilitation
total $61,483 · unrelated business $0 · excluded $0
-
2e · Program service revenue: Govt Grants PHARE
total $21,136 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $51,631 · unrelated business $0 · excluded $0
-
3 · Investment income
total $7,903 · unrelated business $0 · excluded $0
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$24,523
-
8b · Fundraising events: direct expenses
$13,454
-
8c · Net income from fundraising events
total -$13,454 · unrelated business $0 · excluded -$13,454
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $306,587 · program services $306,587
-
5 · Compensation of officers, directors and key employees
total $104,702 · program services $83,762 · management and general $10,470 · fundraising $10,470
-
7 · Other salaries and wages
total $198,429 · program services $181,773 · management and general $16,656 · fundraising $0
-
9 · Other employee benefits
total $38,988 · program services $31,191 · management and general $3,898 · fundraising $3,899
-
10 · Payroll taxes
total $25,831 · program services $22,447 · management and general $2,583 · fundraising $801
-
11a · Fees: management
total $66,020 · program services $6,733 · management and general $34,161 · fundraising $25,126
-
11c · Fees: accounting
total $8,806 · program services $7,925 · management and general $881 · fundraising $0
-
13 · Office expenses
total $22,790 · program services $18,232 · management and general $2,279 · fundraising $2,279
-
17 · Travel
total $2,052 · program services $1,847 · management and general $205 · fundraising $0
-
19 · Conferences, conventions and meetings
total $1,024 · program services $921 · management and general $103 · fundraising $0
-
20 · Interest
total $3,389 · program services $3,050 · management and general $339 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $6,527 · program services $5,874 · management and general $653 · fundraising $0
-
23 · Insurance
total $10,012 · program services $9,011 · management and general $1,001 · fundraising $0
-
24a · Other expenses: Miscellaneous
total $1,323 · program services $1,059 · management and general $132 · fundraising $132
-
24b · Other expenses: Cleaning & maintenance
total $46,939 · program services $42,245 · management and general $4,694 · fundraising $0
-
24c · Other expenses: Dues and memberships
total $2,129 · program services $1,916 · management and general $213 · fundraising $0
-
24d · Other expenses: Directors & Officers Insurance
total $2,151 · program services $1,936 · management and general $215 · fundraising $0
-
24e · All other expenses
total $9,043 · program services $8,139 · management and general $904 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $854,793 · end of year $842,326
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $9,298 · end of year $5,833
-
7 · Other notes and loans receivable
beginning of year $3,127,570 · end of year $2,232,469
-
9 · Prepaid expenses and deferred charges
beginning of year $4,987 · end of year $5,306
-
10a · Land, buildings and equipment: cost or other basis
$258,504
-
10b · Land, buildings and equipment: accumulated depreciation
$133,848
-
10c · Land, buildings and equipment, net
beginning of year $131,183 · end of year $124,656
-
15 · Other assets
beginning of year $71,355 · end of year $134,417
-
17 · Accounts payable and accrued expenses
beginning of year $19,984 · end of year $4,614
-
23 · Secured mortgages and notes payable
beginning of year $64,788 · end of year $55,067
-
25 · Other liabilities
beginning of year $3,623,130 · end of year $2,894,529
-
27 · Net assets without donor restrictions
beginning of year $87,638 · end of year -$3,779
-
28 · Net assets with donor restrictions
beginning of year $403,646 · end of year $394,576
Mission and programs · 2023
Mission
To improve the quality of life for low-to-moderate income people of Chester County, PA, by providing the ability to acquire and maintain decent affordable housing.
-
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 $20,000 for down payment and closing costs to first time home buyers.
Expenses $83,076 · Grants $25,000 · Revenue $40,000
-
Pennsylvania Housing Affordability and Rehabilitation Enhancement Fund (PHARE) may be used for the following purposes: to provide safe and sanitary dwellings for sale or rent to low income and moderate income individuals; to increase the availability or quality of housing for elderly persons; to increase the availability or quality of accessible housing for persons with disabilities; to prevent or reduce homelessness; to provide mortgage or rental assistance, including housing counseling, foreclosure prevention and refinancing products; and/or to provide loans, low-interest loans or grants to low-income and moderate-income individuals or families who are owner-occupants for repairs and improvement to sustain or increase the conditions of the home.
Expenses $22,762 · Revenue $21,136
-
Senior Citizen Home Maintenance Program - provides basic home maintenance, repairs and access modifications for residents of Chester County, 65 years of age and older. Costs are limited to $4,500 and are considered a one time full grant.
Expenses $219,232 · Revenue $96,102
-
Credit Counseling / Foreclosure Prevention Provides, free of charge, counseling to individuals who are having credit problems. Individual and group counseling sessions are available. Provides information for families in danger of losing their homes to foreclosure.
Expenses $19,594 · Revenue $18,194
-
Chester County Home Modification Program - funds are used to provide assistance to low and moderate- income residents of Chester County with permanent disabilities in making their current residences more accessible. Program allows for wide range of adaptive modifications.
Expenses $280,277 · Revenue $141,050
-
Rehab - Funds received from a contract with DCD are used to administer the program helping low to moderate income home owners correct violations of the BOCA Property Maintenance Code, Local and State Codes, and the Section 8 Housing Quality Standards. Typical violations include, but are not limited to: structural, plumbing, heating, electrical, and lead based paint problems. Handicap accessible modifications are also included in the program.
Expenses $69,162 · Revenue $61,483
-
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 used for home reconstruction and emergency home repairs.
Expenses $40,545 · Grants $19,522
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
John Yurkutat
President
- Total calculated
- $0
- Hours/week
- 3
-
Joseph Gangemi
Vice President
- Total calculated
- $0
- Hours/week
- 3
-
Christopher M Breslin
Treasurer
- Total calculated
- $0
- Hours/week
- 3
-
Roberta Healey
Secretary
- Total calculated
- $0
- Hours/week
- 3
-
Anne Cowburn
Director
- Total calculated
- $0
- Hours/week
- 3
-
Ellen B Koopman Esq
Director
- Total calculated
- $0
- Hours/week
- 3
-
Gina Mazzulla
Director
- Total calculated
- $0
- Hours/week
- 3
-
Denise L Michel
Director
- Total calculated
- $0
- Hours/week
- 3
-
Diane O'Dwyer
Director
- Total calculated
- $0
- Hours/week
- 3
-
Andrew H Stump
Director
- Total calculated
- $0
- Hours/week
- 3
-
David Sweet
Director
- Total calculated
- $0
- Hours/week
- 3
-
Kenneth R Hutton
Executive Director
- Total calculated
- $104,703
- From this org
- $104,703
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 2 May 2023
- IRS schema version
- 2023v5.1
- Source object
- 202432719349300913
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