Pennsylvania · Nonprofit
PHILADELPHIA HOUSING DEVELOPMENT CORPORATION
PHILADELPHIA HOUSING DEVELOPMENT CORPORATION (Pennsylvania) receives grants from 8 organizations whose IRS filings report $2,762,421 to it, the largest being THE WILLIAM PENN FOUNDATION ($2,100,000). 2 of them have funded it in more than one year.
- Revenue FY2025
- $197M
- Funders on record
- 8
- Grants received
- $2.8M
- Net assets
- $-11739610
What Philadelphia Housing Development Corporation does
Mission
Provide affordable housing and financial assistance for home repairs targeted to low income residents.
As stated on its FY2025 Form 990.
Programs
Provide home repair assistance to low income homeowners. Provide rental assistance for people effected by the pandemic
$151,801,804 spent$2,945,808 earned by the program99% of program spendingProvide weatherization repairs/improvement assistance to low income homeowners.
$1,939,173 spent1% of program spending
The 2 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $153,740,977.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $81M to $161M (+98%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 100% · 2018 100% · 2019 99% · 2020 97% · 2021 100% · 2022 99% · 2023 95% · 2024 97% · 2025 98%. Grants only. Government contracts and fees sit inside program revenue.
98% of PHILADELPHIA HOUSING DEVELOPMENT CORPORATION’s revenue is contributions — more reliant on donations than three-quarters of its peers (15% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
Mo Rushdy
Chair
As listed on its FY2025 Form 990.
Who funds it, year by year
2018 → 2023: the base held at 1 funder, grant income rose $175k → $1.3M.
1 of 8 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 5% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of PHILADELPHIA HOUSING DEVELOPMENT CORPORATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
PHILADELPHIA HOUSING DEVELOPMENT CORPORATION leans on a few funders — its largest provides 76% of grant income and the top three 91%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
Largest funder’s share by year: 2018 100% · 2020 98% · 2021 100% · 2022 74% · 2023 100% — broadly stable.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
0% of PHILADELPHIA HOUSING DEVELOPMENT CORPORATION's funders are still giving 2 years after their first grant; 25% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
93% of PHILADELPHIA HOUSING DEVELOPMENT CORPORATION's grant income comes from Pennsylvania funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $125k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
PHILADELPHIA HOUSING DEVELOPMENT CORPORATION has grown faster than three-quarters of the 18 housing & shelter nonprofits its size.
this organization peer median middle 50% of peers· 18 housing & shelter nonprofits over $100M, FY2025
Organizations like PHILADELPHIA HOUSING DEVELOPMENT CORPORATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Pennsylvania
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
81% of spending goes to programs.
Governance
Screen this organization
A dated, signed PDF of the compliance screen for PHILADELPHIA HOUSING DEVELOPMENT CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds PHILADELPHIA HOUSING DEVELOPMENT CORPORATION?
- PHILADELPHIA HOUSING DEVELOPMENT CORPORATION (Pennsylvania) receives grants from 8 organizations whose IRS filings report $2,762,421 to it, the largest being THE WILLIAM PENN FOUNDATION ($2,100,000). 2 of them have funded it in more than one year.
- How many funders does PHILADELPHIA HOUSING DEVELOPMENT CORPORATION have?
- IRS filings report 8 organizations giving $2,762,421 in grants to PHILADELPHIA HOUSING DEVELOPMENT CORPORATION, 2 of which have funded it in more than one year.
- Who is the largest funder of PHILADELPHIA HOUSING DEVELOPMENT CORPORATION?
- THE WILLIAM PENN FOUNDATION is the largest funder on record, with $2,100,000 in grants. The full list of funders is on this page.
- How can an organization like PHILADELPHIA HOUSING DEVELOPMENT CORPORATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Pennsylvania. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Philadelphia Housing Development →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 8 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing