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Ph Affordable Housing Fund Inc

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

EIN: 823550963 ✦ New york, NY ✦ Designated as a 501(c)(3)

Overview

What is Ph Affordable Housing Fund Inc?

The PH Affordable Housing Fund Inc is a nonprofit organization dedicated to fostering affordable housing, low-income, and supportive housing projects, as well as community development initiatives. They offer financial aid, advisory support, and legal assistance to organizations involved in these projects. During the pre-development stage of an affordable housing project, the fund generates income from existing rental sources while revitalizing the area. Moreover, PH Affordable Housing Fund Inc provides financial assistance for low-income housing activities.


Is Ph Affordable Housing Fund Inc legitimate?

Ph Affordable Housing Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ph Affordable Housing Fund Inc 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


What is the mission statement of Ph Affordable Housing Fund Inc?
Who is the CEO of Ph Affordable Housing Fund Inc?
What is the revenue of Ph Affordable Housing Fund Inc?
Who are the executives of Ph Affordable Housing Fund Inc and what are their salaries?
Where can I find the form 990 for Ph Affordable Housing Fund Inc?

Mission Statement of Ph Affordable Housing Fund Inc

The Philadelphia Affordable Housing Fund Inc, in its mission, works towards supporting and promoting affordable housing, low-income, and supportive housing projects. This nonprofit organization provides loans, grants, and advisory support to organizations involved in such endeavors. During the initial stages of an affordable housing project, the Fund generates rental income from existing sources, contributing to the revitalization of the area. Furthermore, the Fund offers financial backing for low-income housing activities. By engaging in these initiatives, the Philadelphia Affordable Housing Fund Inc plays a pivotal role in fostering community development.

Impact

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




Wednesday, July 24, 2024

Ph Affordable Housing Fund Inc's impact is significant in the realm of affordable housing and community development initiatives. By supporting and promoting affordable housing, low-income, and supportive housing projects, the organization plays a crucial role in addressing housing challenges and improving living conditions for individuals and families in need. Through its provision of loans, grants, advisory support, and other lawful assistance, the fund enables organizations to undertake projects that contribute to the creation of safe, affordable, and sustainable housing options.

Additionally, the fund's activities during the pre-development stage of affordable housing projects, such as receiving rent from pre-existing rental income sources while revitalizing the area, demonstrate a proactive approach to addressing housing needs. By providing financial support for low-income housing activities, Ph Affordable Housing Fund Inc contributes to the overall well-being of communities and helps to ensure that individuals have access to suitable housing options. Overall, the organization's efforts have a positive impact on the lives of those facing housing challenges and contribute to the overall stability and development of communities.





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: $0
  • Program Service Revenue: $342,716
  • Gross Receipts: $568,716

    • Assets and Liabilities:
  • Total Assets: $53,401,359
  • Total Liabilities: $53,002,531
  • Net Assets: $398,828
  • Programs

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

    RENTAL INCOME

    Revenue

    $342,716

    Organization Details

    Founding Year

    2017

    Principal Officer

    Adam Weinstein

    Main Address

    902 BROADWAY 13TH FLOOR, NEW YORK, NY, 10010

    NTEE Category

    Code: L21 - Housing

    If you are a representative of Ph Affordable Housing Fund Inc 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.