Nonprofit · EIN 23-2536730
1260 HOUSING DEVELOPMENT CORPORATION
Tax-exempt · PHILADELPHIA, PA 19103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $27,249,948 | $16,842,640 | $10,407,308 | $84,558,813 | $24,622,989 | $59,935,824 |
| June 30, 2024 | 990 | $19,765,476 | $16,311,468 | $3,454,008 | $83,915,544 | $34,633,724 | $49,281,820 |
| June 30, 2023 | 990 | $15,658,972 | $16,034,802 | -$375,830 | $83,745,840 | $38,277,700 | $45,468,140 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $478,256
- of which government grants
- $478,256
- Program service revenue
- $14,526,736
- Investment income
- $12,293,471
- Net gain from sales of assets
- $11,392,915
- Other revenue
- -$48,515
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $72,257
- Occupancy
- $6,548,833
- Depreciation
- $390,806
- Program services (functional)
- $14,684,822
- Management and general (functional)
- $2,157,818
Balance sheet and other
- Total assets, start of year
- $83,915,544
- Total assets, end of year
- $84,558,813
- Total liabilities, end of year
- $24,622,989
- Net assets, end of year
- $59,935,824
- Land, buildings and equipment
- $7,932,435
- Publicly traded securities
- $5,022,972
- Net assets without donor restrictions
- $58,281,290
- Net assets with donor restrictions
- $1,654,534
- Gross receipts
- $32,957,033
- Employees
- 0
- Volunteers
- 11
- Year formed
- 1988
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| THOMAS AK QUEENAN | PRESIDENT & CEO Officer | 1 | $0 | $328,568 | $10,365 |
| SARAH S CONSTANT | SENIOR VP, REAL ESTATE DEV Key employee | 37.5 | $0 | $250,426 | $32,490 |
| MARK DEITCHER | VICE PRESIDENT & CFO Officer | 1 | $0 | $219,534 | $33,814 |
| ROBERT KWAIT | ASSISTANT SECRETARY, VP Officer | 1 | $0 | $220,088 | $31,710 |
| CHIP DARLING | VICE PRESIDENT & COO Officer | 1 | $0 | $203,203 | $31,255 |
| MIKE DAVIDSON | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LIANNA PETROSKI | VICE CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 | $0 |
| TERRY BOOKER | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MICHAEL SIMMONS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| EDWARD BARNETT | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SHAY DUGAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CAITLIN GOSSEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JAMES KILCOYNE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JOHN MANEVAL | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| LEIGH WHITAKER ESP | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BEVERLY WOODS | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 4 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| THOMAS AK QUEENAN | PRESIDENT & CEO Officer | 1 | $318,971 | $10,118 |
| ROBERT H KWAIT | ASSISTANT SECRETARY, VP Officer | 1 | $213,447 | $28,837 |
| MARK DEITCHER | ASSISTANT TREASURER, VP Officer | 1 | $193,577 | $28,390 |
| CHIP DARLING | VICE PRESIDENT & COO Officer | 1 | $182,087 | $28,035 |
990 for the year ended June 30, 2023: 18 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SARAH CONSTANT | SENIOR VP, REAL ESTATE DEVELOPMENT Key employee | 0 | $0 | $217,768 | $26,635 |
| MARK DEITCHER | ASSISTANT TREASURER, VP Officer | 1 | $0 | $198,201 | $28,271 |
| ROBERT H KWAIT | ASSISTANT SECRETARY, VP Officer | 1 | $0 | $194,593 | $28,619 |
| CHIP DARLING | VICE PRESIDENT & COO Officer | 1 | $0 | $182,499 | $28,017 |
| SUSAN MCPHEDREN | DIRECTOR OF DEVELOPMENT - PHILADELPHIA Key employee | 0 | $0 | $163,212 | $24,148 |
| THOMAS AK QUEENAN | PRESIDENT & CEO Officer | 1 | $0 | $169,626 | $759 |
| CHARISE WALKER | DIRECTOR OF COMPLIANCE Highest-paid employee | 0 | $0 | $132,321 | $25,772 |
| ELIZABETH EVERHART | SENIOR DEVELOPMENT MANAGER Highest-paid employee | 0 | $0 | $147,854 | $4,473 |
| PATRICK SNOKE | DIRECTOR OF CONSTRUCTION Highest-paid employee | 0 | $0 | $134,140 | $13,787 |
| SUSAN MCMICHAEL | DIRECTOR OF INFORMATION SYSTEMS Highest-paid employee | 0 | $0 | $121,140 | $25,499 |
| MICHON CONNELL | VICE PRESIDENT OF ACCOUNTING AND REPORTING Highest-paid employee | 0 | $0 | $128,274 | $13,640 |
| MARK DUFFY | TREASURER Trustee or director, Officer | 0.3 | $0 | $0 | $0 |
| MICHAEL SIMMONS | SECRETARY Trustee or director, Officer | 0.3 | $0 | $0 | $0 |
| MICHAEL DAVIDSON ESQ | CHAIR Trustee or director, Officer | 0.3 | $0 | $0 | $0 |
| RUSSEL JOHNSON | VICE CHAIR Trustee or director, Officer | 0.3 | $0 | $0 | $0 |
| HARRY G DITTMANN | BOARD MEMBER Trustee or director | 0.3 | $0 | $0 | $0 |
| JAMES KILCOYNE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MARVA WILLIAMS | BOARD MEMBER Trustee or director | 0.3 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2042-48 ARCH STREET 2ND FLOOR, PHILADELPHIA, PA 19103-0000
- In care of
- % CECILIA LOOSE
- Principal officer (990 for 2024)
- THOMAS AK QUEENAN, 2042-48 ARCH STREET 2ND FLOOR, PHILADELPHIA, PA 191031412
- Signed the 990
- MARK DEITCHER, CFO
- Phone
- (215) 577-8414
- Website
- MISSIONFIRSTHOUSING.ORG
- Return prepared by
- MCKONLY & ASBURY LLP
Mission
1260 HOUSING DEVELOPMENT CORPORATION IS A NOT-FOR-PROFIT CORPORATION ESTABLISHED FOR THE PURPOSE OF DEVELOPING, ACQUIRING, FINANCING, AND MANAGING LOW-INCOME PERMANENT HOUSING FOR INDIVIDUALS WITH BEHAVIORAL HEALTH ISSUES, AS WELL AS INDIVIDUALS IN NEED OF TRANSITIONAL AND EMERGENCY HOUSING IN THE CITY OF PHILADELPHIA, PENNSYLVANIA.
Program accomplishments
- AFFORDABLE HOUSING PROGRAM: PROGRAM PROVIDES HOUSING TO LOW INCOME INDIVIDUALS INCLUDING VULNERABLE POPULATIONS, PHYSICALLY AND MENTALLY DISABLED IN THE CITY OF PHILADELPHIA.Expenses $14,684,822 · revenue $14,478,221
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
- 23-2536730
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1989
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L210)
- Assets (IRS master file)
- $84,558,813
- Income (IRS master file)
- $32,957,033
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $27,249,948 | $16,842,640 | $84,558,813 | IRS |
| 990 | June 2024 | $19,765,476 | $16,311,468 | $83,915,544 | IRS |
| 990 | June 2023 | $15,658,972 | $16,034,802 | $83,745,840 | XML |
| 990 | June 2022 | $16,943,789 | $16,383,534 | $77,316,707 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 23-2536730).
Questions about 1260 HOUSING DEVELOPMENT CORPORATION
- What is the EIN of 1260 HOUSING DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of 1260 HOUSING DEVELOPMENT CORPORATION is 23-2536730.
- Is 1260 HOUSING DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
- Are donations to 1260 HOUSING DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does 1260 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 1260 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 1260 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 1260 HOUSING DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names THOMAS AK QUEENAN.
- Who are the officers and directors of 1260 HOUSING DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 16 people; 0 received compensation from the organization.
- How much revenue does 1260 HOUSING DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $27,249,948, expenses of $16,842,640 and total assets of $84,558,813 at year end.
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All nonprofits in PHILADELPHIA · Pennsylvania · Housing and shelter