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Nonprofiteer
← HOUSING PARTNERSHIP OF CHESTER COUNTY INC

Form 990 for tax year 2022

Filed by HOUSING PARTNERSHIP OF CHESTER COUNTY INC.

Totals

Total revenue
$694,632
Total expenses
$660,433
Contributions and grants received
$359,725
Grants paid
$236,348
Program service revenue
$334,751
Investment income
$156
Other revenue
$0
Total assets, end of year
$4,131,703
Total liabilities, end of year
$3,640,419
Net assets or fund balances, end of year
$491,284
Program services expenses (Part IX)
$582,768
Management and general expenses
$59,482
Fundraising expenses
$18,183
Program service expenses (Part III)
$582,768

Program services were 88.2% 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

    $600

  • 1e · Government grants (contributions)

    $177,709

  • 1f · All other contributions, gifts and grants

    $181,416

  • 2a · Program service revenue: Govt Grants Access

    total $83,250 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Govt Grants First Time Home Buyer

    total $115,000 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Govt Grants Home Maintenance

    total $33,718 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: Govt Grants Rehabilitation

    total $0 · unrelated business $0 · excluded $0

  • 2e · Program service revenue: Govt Grants PHARE

    total $111,685 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total -$8,902 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $156 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: contributions included on line 1c

    $600

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $236,348 · program services $236,348

  • 5 · Compensation of officers, directors and key employees

    total $120,354 · program services $96,284 · management and general $12,035 · fundraising $12,035

  • 7 · Other salaries and wages

    total $161,888 · program services $145,699 · management and general $16,189 · fundraising $0

  • 9 · Other employee benefits

    total $30,074 · program services $24,060 · management and general $3,007 · fundraising $3,007

  • 10 · Payroll taxes

    total $22,457 · program services $18,983 · management and general $2,246 · fundraising $1,228

  • 11c · Fees: accounting

    total $12,997 · program services $11,697 · management and general $1,300 · fundraising $0

  • 13 · Office expenses

    total $18,714 · program services $14,972 · management and general $1,871 · fundraising $1,871

  • 17 · Travel

    total $477 · program services $430 · management and general $47 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $3,949 · program services $3,554 · management and general $395 · fundraising $0

  • 20 · Interest

    total $3,910 · program services $3,519 · management and general $391 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $6,810 · program services $6,129 · management and general $681 · fundraising $0

  • 23 · Insurance

    total $5,061 · program services $4,555 · management and general $506 · fundraising $0

  • 24a · Other expenses: Miscellaneous

    total $419 · program services $335 · management and general $42 · fundraising $42

  • 24b · Other expenses: Cleaning & maintenance

    total $6,642 · program services $5,978 · management and general $664 · fundraising $0

  • 24c · Other expenses: Dues and memberships

    total $1,530 · program services $1,377 · management and general $153 · fundraising $0

  • 24d · Other expenses: Directors & Officers Insurance

    total $1,076 · program services $968 · management and general $108 · fundraising $0

  • 24e · All other expenses

    total $27,727 · program services $7,880 · management and general $19,847 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $738,060 · end of year $854,793

  • 3 · Pledges and grants receivable

    beginning of year $990 · end of year $0

  • 4 · Accounts receivable

    beginning of year $14,788 · end of year $9,298

  • 7 · Other notes and loans receivable

    beginning of year $3,033,549 · end of year $3,127,570

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,269 · end of year $4,987

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

    $258,504

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

    $127,321

  • 10c · Land, buildings and equipment, net

    beginning of year $134,897 · end of year $131,183

  • 15 · Other assets

    beginning of year $56,597 · end of year $3,872

  • 17 · Accounts payable and accrued expenses

    beginning of year $309 · end of year $19,984

  • 23 · Secured mortgages and notes payable

    beginning of year $73,987 · end of year $64,788

  • 25 · Other liabilities

    beginning of year $3,456,769 · end of year $3,555,647

  • 27 · Net assets without donor restrictions

    beginning of year $137,059 · end of year $87,638

  • 28 · Net assets with donor restrictions

    beginning of year $320,026 · end of year $403,646

Mission and programs · 2022

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 Buyer's 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 $283,557 · Grants $50,000 · Revenue $115,000

  • 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.

    Revenue $111,685

  • 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 $83,140 · Revenue $33,718

  • 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 $10,800

  • 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 $205,271 · Revenue $83,250

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kenneth R Hutton

    Executive Director

    Total calculated
    $42,280
    From this org
    $42,280
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • 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

  • Steven L Olson

    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

  • Mark P Thompson Esq

    Director

    Total calculated
    $0
    Hours/week
    3

  • Nancy Gibson

    Former Exec. Dir.

    Total calculated
    $33,423
    From this org
    $33,423
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $33,423
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $33,423

  • Kristine A Parkes

    Former Exec. Dir.

    Total calculated
    $25,667
    From this org
    $25,667
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $25,667
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $25,667

  • Kathleen T Purcell

    Former Exec. Dir.

    Total calculated
    $18,984
    From this org
    $18,984
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $18,984
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $18,984

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

  • 2 · Substantiation required before reimbursing expenses

Answered no

  • 1b · Written policy on the line-1a expenses
  • 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.

Provenance

Return type
form_990
Tax year
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202343199349302059

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