Nonprofit · EIN 23-1664406
PHILADELPHIA HOUSING DEVELOPMENT CORPORATION
Tax-exempt · PHILADELPHIA, PA 19107
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $196,728,185 | $189,819,745 | $6,908,440 | $172,219,878 | $183,959,488 | -$11,739,610 |
| June 30, 2024 | 990 | $178,214,146 | $168,462,879 | $9,751,267 | $147,331,024 | $121,626,266 | $25,704,758 |
| June 30, 2023 | 990 | $179,724,189 | $160,966,535 | $18,757,654 | $160,832,920 | $135,201,895 | $25,631,025 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $193,409,891
- of which government grants
- $193,409,891
- Program service revenue
- $0
- Investment income
- $372,486
- Other revenue
- $2,945,808
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $395,351
- Other salaries and wages
- $9,356,258
- Salaries, compensation and benefits (total)
- $17,071,909
- Professional fundraising fees
- $0
- Legal fees
- $1,104,529
- Accounting fees
- $105,000
- Occupancy
- $153,797
- Depreciation
- $1,433,555
- Program services (functional)
- $153,740,977
- Management and general (functional)
- $36,078,768
Balance sheet and other
- Total assets, start of year
- $147,331,024
- Total assets, end of year
- $172,219,878
- Total liabilities, end of year
- $183,959,488
- Net assets, end of year
- -$11,739,610
- Land, buildings and equipment
- $10,418,840
- Net assets without donor restrictions
- -$16,898,749
- Net assets with donor restrictions
- $5,159,139
- Gross receipts
- $196,728,185
- Employees
- 194
- Volunteers
- 11
- Year formed
- 1965
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID THOMAS | EXECUTIVE VICE PRESIDENT Officer | 40 | $193,362 | $24,730 |
| ALEX BRADEN | GENERAL COUNSEL Highest-paid employee | 40 | $172,560 | $19,163 |
| SUSAN VARGHESE | GENERAL COUNSEL Highest-paid employee | 40 | $151,491 | $31,533 |
| APRIL SAMUELS | VICE PRESIDENT, FINANCE Officer | 40 | $143,923 | $19,163 |
| DONNA L TRENT | VICE PRESIDENT HUMAN RESOURCE Highest-paid employee | 40 | $137,700 | $24,730 |
| JOSEPH ZICCARDI | CARPENTER SUPERINTENDENT Highest-paid employee | 40 | $161,715 | $0 |
| ANGEL RODRIGUEZ | SENIOR VICE PRESIDENT LAND MANAGEMENT Highest-paid employee | 40 | $144,839 | $10,747 |
| MO RUSHDY | CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| JESSIE LAWRENCE | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| SARAH CHO | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| NORA LICHTASH | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| VIDHI ANDERSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANGELA D BROOKS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TERRINE DATTS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RUE LANDAU | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JACQUELYN LINTON | BOARD MEMBER Trustee or director | 1 | $0 |
| JASON TUCKER | BOARD MEMBER Trustee or director | 1 | $0 |
| FRANCIS VARGAS | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID THOMAS | EXECUTIVE VICE PRESIDENT Officer | 40 | $176,996 | $24,912 |
| ALEX BRADEN | GENERAL COUNSEL Highest-paid employee | 40 | $165,107 | $19,303 |
| SUSAN VARGHESE | DEPUTY GENERAL COUNSEL Highest-paid employee | 40 | $139,884 | $31,765 |
| DARREN WILLIAMS | DIRECTOR OF FINANCE Officer | 40 | $147,736 | $11,244 |
| NICHOLAS JOSEPH DEMA JR | VICE PRESIDENT DESIGN & DEVELOPMENT Highest-paid employee | 40 | $127,798 | $25,599 |
| DONNA L TRENT | VICE PRESIDENT HUMAN RESOURCES Highest-paid employee | 40 | $127,228 | $24,912 |
| JOSEPH ZICCARDI | CARPENTER SUPERINTENDENT Highest-paid employee | 40 | $150,772 | $0 |
| KEN WEINSTEIN | CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| CATHY CALIFANO | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| SABRINA MAYNARD | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| NORA LICHTASH | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| VIDHI ANDERSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JAMES CUORATO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KAREN FEGELY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JACQUELYN LINTON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| FRANCIS VARGAS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID THOMAS | EXECUTIVE VICE PRESIDENT Officer | 40 | $160,546 | $25,952 |
| SUSAN VARGHESE | DIRECTOR, LEGAL Highest-paid employee | 40 | $141,875 | $32,719 |
| DARREN WILLIAMS | DIRECTOR OF FINANCE Officer | 40 | $131,067 | $32,719 |
| STEFANO CUSANO | FINANCE ATTORNEY Highest-paid employee | 40 | $118,599 | $32,719 |
| JOJY VARGHESE | CHIEF OF STAFF Highest-paid employee | 40 | $117,600 | $32,719 |
| JOSEPH ZICCARDI | CARPENTER SUPERINTENDENT Highest-paid employee | 40 | $147,180 | $0 |
| ANGEL RODRIGUEZ | SENIOR VICE PRESIDENT, LAND MANAGEMENT Highest-paid employee | 40 | $135,854 | $11,244 |
| KEN WEINSTEIN | CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| CATHY CALIFANO | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| SABRINA MAYNARD | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| NORA LICHTASH | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| VIDHI ANDERSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JAMES CUORATO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KAREN FEGELY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JACQUELYN LINTON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| FRANCIS VARGAS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1234 MARKET STREET 16TH FLOOR, PHILADELPHIA, PA 19107-3706
- Principal officer (990 for 2024)
- DAVID THOMAS, 1234 MARKET STREET - 17TH FLOOR, PHILADELPHIA, PA 19107
- Signed the 990
- APRIL SAMUELS, VICE PRESIDENT, FINANCE
- Phone
- (215) 448-3110
- Website
- HTTPS://PHDCPHILA.ORG/
- Return prepared by
- MERCADIEN PC
Mission
PROVIDE AFFORDABLE HOUSING AND FINANCIAL ASSISTANCE FOR HOME REPAIRS TARGETED TO LOW INCOME RESIDENTS.
Program accomplishments
- PROVIDE HOME REPAIR ASSISTANCE TO LOW INCOME HOMEOWNERS. PROVIDE RENTAL ASSISTANCE FOR PEOPLE EFFECTED BY THE PANDEMICExpenses $151,801,804 · revenue $2,945,808
- PROVIDE WEATHERIZATION REPAIRS/IMPROVEMENT ASSISTANCE TO LOW INCOME HOMEOWNERS.Expenses $1,939,173
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-1664406
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Governmental unit
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1967
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L250)
- Assets (IRS master file)
- $172,219,878
- Income (IRS master file)
- $196,728,185
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $196,728,185 | $189,819,745 | $172,219,878 | IRS |
| 990 | June 2024 | $178,214,146 | $168,462,879 | $147,331,024 | XML |
| 990 | June 2023 | $179,724,189 | $160,966,535 | $160,832,920 | XML |
| 990 | June 2022 | $247,066,079 | $241,946,229 | $81,202,288 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-1664406).
Questions about PHILADELPHIA HOUSING DEVELOPMENT CORPORATION
- What is the EIN of PHILADELPHIA HOUSING DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of PHILADELPHIA HOUSING DEVELOPMENT CORPORATION is 23-1664406.
- Is PHILADELPHIA HOUSING DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1967.
- Are donations to PHILADELPHIA HOUSING DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PHILADELPHIA HOUSING DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PHILADELPHIA HOUSING DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PHILADELPHIA HOUSING DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of PHILADELPHIA HOUSING DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names DAVID THOMAS.
- Who are the officers and directors of PHILADELPHIA HOUSING DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 18 people; 7 received compensation from the organization, the highest $193,362 (DAVID THOMAS, EXECUTIVE VICE PRESIDENT).
- How much revenue does PHILADELPHIA HOUSING DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $196,728,185, expenses of $189,819,745 and total assets of $172,219,878 at year end.
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