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Nonprofiteer
← PENNSYLVANIA AFFORDABLE HOUSING CORPORATION

Form 990 for tax year 2023

Filed by PENNSYLVANIA AFFORDABLE HOUSING CORPORATION.

Totals

Total revenue
$899,171
Total expenses
$999,366
Contributions and grants received
$431,331
Grants paid
$0
Program service revenue
$302,865
Investment income
$164,975
Other revenue
$0
Total assets, end of year
$4,880,054
Total liabilities, end of year
$3,851,128
Net assets or fund balances, end of year
$1,028,926
Program services expenses (Part IX)
$999,366
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$999,366

Program services were 100.0% 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

    $431,331

  • 1g · Noncash contributions included above

    $431,331

  • 2a · Program service revenue: MADIERA PROGRAM SERVICE REVEN

    total $272,754 · related or exempt $272,754

  • 2b · Program service revenue: PAHC PROGRAM SERVICE REVENUE

    total $30,111 · related or exempt $30,111

  • 3 · Investment income

    total $280 · excluded $280

  • 7a · Gross sales of assets other than inventory

    other assets $280,000

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

    other assets $115,305

  • 7c · Gain or loss

    other assets $164,695

  • 7d · Net gain or loss

    total $164,695 · related or exempt $164,695

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $10,000 · program services $10,000

  • 11b · Fees: legal

    total $70,956 · program services $70,956

  • 11c · Fees: accounting

    total $30,426 · program services $30,426

  • 13 · Office expenses

    total $9,111 · program services $9,111

  • 16 · Occupancy

    total $690,404 · program services $690,404

  • 20 · Interest

    total $49,689 · program services $49,689

  • 22 · Depreciation, depletion and amortization

    total $35,086 · program services $35,086

  • 24a · Other expenses: MANAGEMENT CONSULTANTS

    total $68,375 · program services $68,375

  • 24b · Other expenses: PROFESSIONAL FEES

    total $20,393 · program services $20,393

  • 24c · Other expenses: PAHC RENTALS - PROFESSION

    total $11,550 · program services $11,550

  • 24d · Other expenses: PROFESSIONAL FEES - PAHC

    total $2,000 · program services $2,000

  • 24e · All other expenses

    total $1,376 · program services $1,376

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,101,704 · end of year $632,788

  • 2 · Savings and temporary cash investments

    beginning of year $7,080 · end of year $21,158

  • 4 · Accounts receivable

    beginning of year $25,249 · end of year $358,200

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

    $1,457,196

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

    $75,468

  • 10c · Land, buildings and equipment, net

    beginning of year $1,527,465 · end of year $1,381,728

  • 14 · Intangible assets

    beginning of year $23,177 · end of year $22,187

  • 15 · Other assets

    beginning of year $30,032 · end of year $2,463,993

  • 17 · Accounts payable and accrued expenses

    end of year $217,993

  • 19 · Deferred revenue

    end of year $650,000

  • 23 · Secured mortgages and notes payable

    beginning of year $1,563,381 · end of year $2,968,651

  • 25 · Other liabilities

    beginning of year $22,205 · end of year $14,484

  • 27 · Net assets without donor restrictions

    beginning of year $1,129,121 · end of year $1,028,926

Mission and programs · 2023

Mission

PROMOTING THE DEVELOPMENT AND PRESERVATION OF DECENT, SAFE AND AFFORDABLE LOW INCOME HOUSING

  • TO PROMOTING THE DEVELOPMENT AND PRESERVATION OF AND OPERATE DECENT, SAFE AND AFFORDABLE LOW INCOME HOUSING.

    Expenses $761,472 · Revenue $30,111

  • OPERATION OF MADIERA TOWNHOUSES, A HUD SUBSIDZED ASSISTED HOUSING.

    Expenses $237,894 · Revenue $272,754

As filed on the 2023 return.

Listed in Part VII

  • Shawn Taylor

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Mayela Taylor

    TREASURER

    Total calculated
    $0
    Hours/week
    2

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.

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.

Related corporations and trusts

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

  • TAYLOR CONSTRUCTION

    CONSTRCTN · PA

  • ADVENT MANAGEMENT

    RE MGMT · PA

Provenance

Return type
form_990
Tax year
2023
Filed
15 August 2024
IRS schema version
2023v6.0
Source object
202522279349303392

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