Civic Intelligence

Robert Saligman House

990 • Fiscal year 2023 • EIN 23-2031321

Sep 01, 2022 to Aug 31, 2023 • Filed on Jul 09, 2024

Organization ProfileWWW.FEDERATIONHOUSING.ORG
8900 Roosevelt BlvdPhiladelphia, PA 19115

(215) 673-6446

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

24th percentile

0.02x

Higher debt load relative to assets than 24% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

40th percentile

0.11x

Higher debt load relative to revenue than 40% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

18th percentile

-14%

Higher net margin than 18% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

86th percentile

$274,943

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 29.5% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

17th percentile

-4.8%

Faster asset growth than 17% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

52nd percentile

7.4%

Faster revenue growth than 52% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets24th percentile

Assets

Flat

$5,535,942

Flat from 2023

Net Assets

Flat

$5,431,858

Flat from 2023

Liabilities

Flat

$104,084

Flat from 2023

Revenue And Expenses
Liabilities / Revenue40th percentileNet Margin18th percentile

Revenue

Flat

$930,946

Flat from 2023

Expenses

Flat

$1,062,435

Flat from 2023

Net Income

Flat

-$131,489

Flat from 2023

Historical Trend

Balance Sheet Trend

Asset Growth17th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2011: $9,723,359Liabilities 2011: $4,037,968Net Assets 2011: $5,685,3912011Assets 2012: $9,232,351Liabilities 2012: $3,874,035Net Assets 2012: $5,358,3162012Assets 2013: $8,863,608Liabilities 2013: $3,945,183Net Assets 2013: $4,918,4252013Assets 2014: $8,358,045Liabilities 2014: $3,749,750Net Assets 2014: $4,608,2952014Assets 2015: $8,740,158Liabilities 2015: $674,136Net Assets 2015: $8,066,0222015Assets 2016: $8,421,411Liabilities 2016: $269,193Net Assets 2016: $8,152,2182016Assets 2017: $8,382,904Liabilities 2017: $252,029Net Assets 2017: $8,130,8752017Assets 2018: $7,607,801Liabilities 2018: $210,751Net Assets 2018: $7,397,0502018Assets 2019: $7,069,156Liabilities 2019: $127,567Net Assets 2019: $6,941,5892019Assets 2020: $6,632,710Liabilities 2020: $92,063Net Assets 2020: $6,540,6472020Assets 2021: $6,357,979Liabilities 2021: $108,483Net Assets 2021: $6,249,4962021Assets 2022: $5,814,555Liabilities 2022: $54,775Net Assets 2022: $5,759,7802022Assets 2023: $5,535,942Liabilities 2023: $104,084Net Assets 2023: $5,431,8582023Assets 2023: $5,535,942Liabilities 2023: $104,084Net Assets 2023: $5,431,8582023Assets 2024: $5,113,498Liabilities 2024: $99,213Net Assets 2024: $5,014,2852024

Highlighted filing

2023

Assets$5,535,942
Liabilities$104,084
Net Assets$5,431,858
Open 2023 Filing

Operations Trend

Revenue Growth52nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2011: $1,826,549Expenses 2011: $2,151,727Net Income 2011: -$325,1782011Revenue 2012: $1,856,057Expenses 2012: $2,176,974Net Income 2012: -$320,9172012Expenses 2013: $2,300,9152013Revenue 2014: $1,974,467Expenses 2014: $2,282,275Net Income 2014: -$307,8082014Revenue 2015: $8,928,038Expenses 2015: $1,284,978Net Income 2015: $7,643,0602015Revenue 2016: $906,196Expenses 2016: $820,000Net Income 2016: $86,1962016Revenue 2017: $901,717Expenses 2017: $923,060Net Income 2017: -$21,3432017Revenue 2018: $896,308Expenses 2018: $930,133Net Income 2018: -$33,8252018Revenue 2019: $893,731Expenses 2019: $894,298Net Income 2019: -$5672019Revenue 2020: $877,522Expenses 2020: $947,385Net Income 2020: -$69,8632020Revenue 2021: $908,213Expenses 2021: $983,268Net Income 2021: -$75,0552021Revenue 2022: $867,178Expenses 2022: $1,036,221Net Income 2022: -$169,0432022Revenue 2023: $930,946Expenses 2023: $1,062,435Net Income 2023: -$131,4892023Revenue 2023: $930,946Expenses 2023: $1,062,435Net Income 2023: -$131,4892023Revenue 2024: $962,834Expenses 2024: $1,080,407Net Income 2024: -$117,5732024

Highlighted filing

2023

Revenue$930,946
Expenses$1,062,435
Net Income-$131,489
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2022 to Aug 31, 2023
Signed
Jul 9, 2024
Return Version
2022v5.0
Gross Receipts
$930,946
Mission and Program Overview

Mission

To provide affordable housing opportunities for low-income seniors who are able to sustain themselves in an independent living environment, to create facilities where our residents can reside and socialize while maintaining a high quality of life and activity, and to have our facilities available to as many seniors as possible by developing additional buildings in philadelphia and the surrounding suburbs.

To provide safe, affordable and well managed housing to low-income seniors.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,254,816$2,993,521▼ $261,295
Other Notes and Loans Receivable, Net$1,891,643$1,759,043▼ $132,600
Investments Program Related$533,269$645,114▲ $111,845
Savings and Temporary Cash Investments$41,584$76,632▲ $35,048
Prepaid Expenses and Deferred Charges$34,097$5,011▼ $29,086
Accounts Receivable$2,944$1,404▼ $1,540
Total Assets$5,814,555$5,535,942▼ $278,613
Other Assets Total$56,202$55,217▼ $985
Liabilities
Accounts Payable and Accrued Expenses$27,800$66,577▲ $38,777
Other Liabilities$26,975$37,507▲ $10,532
Total Liabilities$54,775$104,084▲ $49,309
Net Assets / Fund Balance
Net Assets With Donor Restrictions$7,147,900$7,147,900→ $0
Net Assets Without Donor Restrictions$-1,388,120$-1,716,042▼ $327,922
Total Net Assets Fund Balance$5,759,780$5,431,858▼ $327,922
Total Liabilities and Net Assets / Fund Balance$5,814,555$5,535,942▼ $278,613

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,911,994$6,377,725$9,289,719
Other Land Buildings$81,527$383,130$464,657
Equipment$0$55,833$55,833
Investment Program Related Org$638,236--
Compensation and Service Providers
Top Officer Pay86th percentile

Board Members and Trustees

NameTitle
Jay WeinsteinPresident
Gary RubinVice President
Mitchell GoldenbergVice President
Alan LindyDirector
Ava GoldmanDirector
Avalie SapersteinDirector
Carolyn SaligmanDirector
Deborah Gershen GennelloDirector
Florrie FisherDirector
Francine TabasDirector
Frank PodietzDirector
Jason MorganDirector
Jb ReibsteinDirector
Jennifer TintenfassDirector
Jerome GlickmanDirector
Jerome HellmanDirector
Jerry SokolowDirector
Josh RosenbloomDirector
Mark LevinsonDirector
Michael SteinbergDirector
Rada LisitsaDirector
Richard GreenDirector
Robert CasswayDirector
Roslyn PollackDirector
Ryan SpakDirector
Saul ReibsteinDirector
Scott GoldsteinDirector
Stephen FeldmanDirector
Susan Freedman EsqDirector
Susan WeissDirector
William Landsburg EsqDirector
Eric NaftulinExecutive Director
Karen CohenSecretary
Michael Davidson EsqTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$870,864
Investment Income
$60,082
Other Revenue
$0
Change in Net Assets
$-131,489

Audited Revenue Reconciliation

Revenue per Audited Statements
$930,946
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$930,946
Total Revenue per Form 990
$930,946
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$831,392
Salaries, Compensation, and Employee Benefits$231,043
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$362,910--$362,910
Other Salaries and Wages$176,298--$176,298
Occupancy$164,543--$164,543
Fees for Services Management-$79,457-$79,457
All Other Expenses$48,153--$48,153
Other Employee Benefits$41,338--$41,338
Insurance$40,010--$40,010
Office Expenses$20,546--$20,546
Fees for Services Accounting-$18,228-$18,228
Payroll Taxes$13,407--$13,407
Conferences and Meetings$1,196--$1,196
Advertising$801--$801
Other Expenses$780--$780
Total Functional Expenses$964,750$97,685$0$1,062,435

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,074,368
Expenses per Audited Statements$1,062,435
Total Expenses per Form 990$1,062,435
Expenses Not Reported on Form 990$11,933
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$27,767
Prepaid Revenue$9,740
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Directors saul reibstein and jb reibstein are related.”

Form 990, Part VI, Section A, Line 3

“Federation housing, inc. Is the management company overseeing and performing administrative duties for this entity.”

Form 990, Part VI, Section B, Line 11B

“The tax return is reviewed by the director of finance, executive vice president and the audit/ finance committee of the board. The return is made available to the entire board before it is filed with the irs.”

Form 990, Part VI, Section B, Line 12C

“Conflict of interest statements are signed by the board members upon election to the board and monitored by the executive vice president, director of finance and the audit/finance committee.”

Form 990, Part VI, Section B, Line 15

“The personnel committee reviews and approves the compensation of key employees by taking into consideration cash and noncash compensation, performance evaluation, experience, and market data.”

Form 990, Part VI, Section C, Line 19

“The governing documents, the conflict of interest policy, and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Robert Saligman House
EIN
23-2031321
Phone
2156736446
Address
8900 ROOSEVELT BLVD, PHILADELPHIA, PA 19115

Signing Officer

Name
Jay Weinstein
Title
President
Phone
2156736446
Signed
2024-07-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jay Weinstein
Formed
1985
Legal Domicile
Pa
Voting Board Members
33
Independent Board Members
33
Employees
14
Volunteers
33

Preparer

Firm
Tait Weller & Baker Llp
Address
50 SOUTH 16TH STREET SUITE 2900, PHILADELPHIA, PA 19102
Preparer
Harrison Pereira
Phone
2159798800
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Transfer to federation housing, inc. -184,500.”

Financial Statement Notes

PART X, LINE 2:

“The project is exempt from federal income taxes under section 501(c)(3) of the internal revenue code. The project regularly reviews and evaluates its tax positions taken in previously filed information returns and as reflected in its financial statements, with regard to issues affecting its tax exempt status, unrelated business income and related matters. The project believes that in the event of an examination by taxing authorities, the project's positions would prevail based upon the technical merits of such positions. Therefore, the project has concluded that no tax benefits or liabilities are required to be recognized in accordance with the accounting interpretation. The project's federal information returns are generally subject to examination by the internal revenue service for three years, including the fiscal years ending august 31, 2020, 2021 and 2022, as well as the return to be filed for the year ended august 31, 2023”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Unrealized financial expenses 11,933.”

Raw XML AppendixShowing 400 of 880 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0PROVIDES AFFORDABLE HOUSING OPPORTUNITIES FOR LOW-INCOME SENIORS BY SERVING OVER 140 RESIDENTS IN 107 UNITS, WHO SUSTAIN THEMSELVES IN INDEPENDENT LIVING ENVIRONMENTS.
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IRS990/Form990PartVIISectionAGrp/PersonNm8MICHAEL STEINBERG
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IRS990/Form990PartVIISectionAGrp/PersonNm12JERRY SOKOLOW
IRS990/Form990PartVIISectionAGrp/PersonNm13JASON MORGAN
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IRS990/Form990PartVIISectionAGrp/PersonNm19DEBORAH GERSHEN GENNELLO
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IRS990/Form990PartVIISectionAGrp/PersonNm22ALAN LINDY
IRS990/Form990PartVIISectionAGrp/PersonNm23JEROME GLICKMAN
IRS990/Form990PartVIISectionAGrp/PersonNm24AVALIE SAPERSTEIN
IRS990/Form990PartVIISectionAGrp/PersonNm25JB REIBSTEIN
IRS990/Form990PartVIISectionAGrp/PersonNm26ROBERT CASSWAY
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IRS990/Form990PartVIISectionAGrp/PersonNm28SAUL REIBSTEIN
IRS990/Form990PartVIISectionAGrp/PersonNm29MARK LEVINSON
IRS990/Form990PartVIISectionAGrp/PersonNm30RADA LISITSA
IRS990/Form990PartVIISectionAGrp/PersonNm31RYAN SPAK
IRS990/Form990PartVIISectionAGrp/PersonNm32JENNIFER TINTENFASS
IRS990/Form990PartVIISectionAGrp/PersonNm33ERIC NAFTULIN
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt30DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt31DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt32DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt33EXECUTIVE DIRECTOR
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IRS990/FormerOfcrEmployeesListedInd00
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt033
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/GroupReturnForAffiliatesInd00
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IRS990/MissionDesc0TO PROVIDE AFFORDABLE HOUSING OPPORTUNITIES FOR LOW-INCOME SENIORS WHO ARE ABLE TO SUSTAIN THEMSELVES IN AN INDEPENDENT LIVING ENVIRONMENT, TO CREATE FACILITIES WHERE OUR RESIDENTS CAN RESIDE AND SOCIALIZE WHILE MAINTAINING A HIGH QUALITY OF LIFE AND ACTIVITY, AND TO HAVE OUR FACILITIES AVAILABLE TO AS MANY SENIORS AS POSSIBLE BY DEVELOPING ADDITIONAL BUILDINGS IN PHILADELPHIA AND THE SURROUNDING SUBURBS.
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Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,535,942
Liabilities
$104,084
Net assets
$5,431,858
Revenue
$930,946
Expenses
$1,062,435
Net income
-$131,489
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.11$0.10$5.01$0.96$1.08$0.12
2023Detailed filing. Detailed filing data is available for this year.$5.54$0.10$5.43$0.93$1.06$0.13
2023Summary only. Only limited summary data is available for this year.$5.54$0.10$5.43$0.93$1.06$0.13
2022Summary only. Only limited summary data is available for this year.$5.81$0.05$5.76$0.87$1.04$0.17
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.36$0.11$6.25$0.91$0.98$0.08
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.63$0.09$6.54$0.88$0.95$0.07
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.07$0.13$6.94$0.89$0.89$0.00
2018Summary only. Only limited summary data is available for this year.$7.61$0.21$7.40$0.90$0.93$0.03
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.38$0.25$8.13$0.90$0.92$0.02
2016Detailed filing. Detailed filing data is available for this year.$8.42$0.27$8.15$0.91$0.82$0.09
2015Detailed filing. Detailed filing data is available for this year.$8.74$0.67$8.07$8.93$1.28$7.64
2014Detailed filing. Detailed filing data is available for this year.$8.36$3.75$4.61$1.97$2.28$0.31
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.86$3.95$4.92$2.30
2012Summary only. Only limited summary data is available for this year.$9.23$3.87$5.36$1.86$2.18$0.32
2011Summary only. Only limited summary data is available for this year.$9.72$4.04$5.69$1.83$2.15$0.33