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1260 Housing Development Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 232536730 ✦ Philadelphia, PA ✦ Designated as a 501(c)(3)

Overview

What is 1260 Housing Development Corporation?

1260 Housing Development Corporation is a Pennsylvania-based nonprofit organization situated in Philadelphia. Their mission is to develop, acquire, finance, and manage affordable permanent housing for individuals dealing with behavioral health issues, as well as those in need of transitional and emergency housing within the city. Established to address the housing needs of vulnerable populations, this corporation plays a significant role in providing essential housing solutions for individuals in the City of Philadelphia.


Official website here: www.missionfirsthousing.org

Is 1260 Housing Development Corporation legitimate?

1260 Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. 1260 Housing Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.missionfirsthousing.org

What is the mission statement of 1260 Housing Development Corporation?

The 1260 Housing Development Corporation is a not-for-profit organization dedicated to providing housing solutions for individuals with behavioral health issues and those in need of transitional and emergency housing. Through developing, acquiring, financing, and managing low-income permanent housing, the corporation aims to make a positive impact on the community. Specifically, their program offers affordable housing to low-income individuals, including vulnerable populations and those with physical and mental disabilities. The corporation's mission is to improve the lives of these individuals by providing them with a stable living environment. Their commitment extends beyond housing, as they also strive to ensure their residents have access to essential resources and support services to help them thrive.


Official website here: www.missionfirsthousing.org

Who is the CEO of 1260 Housing Development Corporation?

Thomas Ak Queenan is the President & Ceo, Since June 2022 of 1260 Housing Development Corporation. The CEO's salary of 1260 Housing Development Corporation is $0 and their total compensation is $0.


Official website here: www.missionfirsthousing.org

What is the revenue of 1260 Housing Development Corporation?

1260 Housing Development Corporation's revenue in 2022 was $16,943,789.


Official website here: www.missionfirsthousing.org

Who are the executives of 1260 Housing Development Corporation and what are their salaries?

Here are 11 key members and their salaries (1260 Housing Development Corporation's CEO's salary is $0 and their total compensation is $0):

    Robert Kwait (Assistant Secretary, Vp)
  • Compensation: $0
  • Related: $215,076
  • Other: $20,395

    • Mark Deitcher (Assistant Treasurer, Vp)
  • Compensation: $0
  • Related: $197,715
  • Other: $20,779

    • Mark Duffy (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Simmons (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Davidson Esq (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Russel Johnson (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Harry G Dittmann (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James Kilcoyne (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gina Muldrow (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marva Williams (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Thomas Ak Queenan (President & Ceo, Since June 2022)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.missionfirsthousing.org

    Where can I find the form 990 for 1260 Housing Development Corporation?

    The 1260 Housing Development Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.missionfirsthousing.org

    Learn more at the official website: www.missionfirsthousing.org

    Mission Statement of 1260 Housing Development Corporation

    1260 Housing Development Corporation, a not-for-profit organization, is dedicated to developing, acquiring, financing, and managing low-income permanent housing for individuals dealing with behavioral health issues and those in need of transitional and emergency housing in various communities. By offering this essential service, the Corporation aims to address the housing needs of vulnerable populations, including those who are physically and mentally disabled.

    The mission of 1260 Housing Development Corporation extends beyond merely providing permanent housing solutions. The organization is committed to improving the lives of those it serves by creating a supportive environment where individuals can focus on their well-being and recovery. Through this effort, the Corporation is making a significant contribution to the overall health and stability of the communities it serves.

    In practice, the Affordable Housing Program initiated by 1260 Housing Development Corporation is designed to provide shelter and a sense of belonging to low-income individuals who might otherwise struggle to find a stable living situation. The program's emphasis on inclusivity ensures that it caters to a wide range of people, providing them with the opportunity to build a better future for themselves and their families. By addressing the critical need for affordable housing, 1260 Housing Development Corporation is actively working to create more vibrant, resilient communities where everyone can thrive.

    Impact

    This information is meant to be a general summary of 1260 Housing Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    1260 Housing Development Corporation's impact lies in providing essential housing support to low-income individuals, including vulnerable populations, physically and mentally disabled individuals in Philadelphia, Pennsylvania. By developing, acquiring, financing, and managing low-income permanent housing for individuals with behavioral health issues, as well as those in need of transitional and emergency housing, this organization plays a crucial role in addressing homelessness and providing a stable living environment for those in need. Their affordable housing program significantly improves the quality of life for these individuals and contributes to building a more inclusive and supportive community in Philadelphia.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,759,421
  • Program Service Revenue: $15,103,003
  • Gross Receipts: $16,943,789

    • Assets and Liabilities:
  • Total Assets: $77,316,707
  • Total Liabilities: $32,274,710
  • Net Assets: $45,041,997
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    GOVERNMENT CONTRACT INCOME

    Revenue

    $11,032,033

    RENTAL INCOME FROM TENANTS

    Revenue

    $2,863,444

    SECTION 8 - HUD

    Revenue

    $845,789

    GRANT INCOME

    Revenue

    $245,246

    REAL ESTATE SERVICES

    Revenue

    $116,491

    Organization Details

    Founding Year

    1988

    Principal Officer

    Thomas Ak Queenan

    Main Address

    2042-48 ARCH STREET 2ND FLOOR, PHILADELPHIA, PA, 191031412

    NTEE Category

    Code: L210 - Housing

    If you are a representative of 1260 Housing Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.