Civic Intelligence

Federation Housing Inc.

990 • Fiscal year 2024 • EIN 23-2122054

Sep 01, 2023 to Aug 31, 2024 • Filed on Jul 10, 2025

Organization ProfileWWW.FEDERATIONHOUSING.ORG

View Organization Page

8900 Roosevelt BlvdPhiladelphia, PA 19115-5060

(215) 673-6446

Siviq Scores

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

Liabilities / Assets

16th percentile

0.02x

Higher debt load relative to assets than 16% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

36th percentile

0.17x

Higher debt load relative to revenue than 36% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

82nd percentile

30%

Higher net margin than 82% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

57th percentile

$290,175

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 7.1% of source-year revenue.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

89th percentile

29%

Faster asset growth than 89% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

8th percentile

-29%

Faster revenue growth than 8% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets16th percentile

Assets

Up

$41,346,702

Up $9,282,564 (+29%) from 2023

Net Assets

Up

$40,657,472

Up $9,054,936 (+29%) from 2023

Liabilities

Up

$689,230

Up $227,628 (+49%) from 2023

Revenue And Expenses
Liabilities / Revenue36th percentileNet Margin82nd percentile

Revenue

Down

$4,087,289

Down $1,702,344 (-29%) from 2023

Expenses

Up

$2,856,101

Up $208,104 (+7.9%) from 2023

Net Income

Down

$1,231,188

Down $1,910,448 (-61%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth89th percentile

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

$60M$40M$20M$0Assets 2011: $10,980,228Liabilities 2011: $74,502Net Assets 2011: $10,905,7262011Assets 2012: $12,246,988Liabilities 2012: $126,336Net Assets 2012: $12,120,6522012Assets 2013: $12,108,408Liabilities 2013: $169,094Net Assets 2013: $11,939,3142013Assets 2014: $23,441,144Liabilities 2014: $232,120Net Assets 2014: $23,209,0242014Assets 2015: $36,966,609Liabilities 2015: $341,531Net Assets 2015: $36,625,0782015Assets 2016: $42,924,481Liabilities 2016: $255,254Net Assets 2016: $42,669,2272016Assets 2017: $45,080,723Liabilities 2017: $134,055Net Assets 2017: $44,946,6682017Assets 2018: $50,754,800Liabilities 2018: $108,078Net Assets 2018: $50,646,7222018Assets 2019: $52,896,306Liabilities 2019: $167,670Net Assets 2019: $52,728,6362019Assets 2020: $21,756,223Liabilities 2020: $183,855Net Assets 2020: $21,572,3682020Assets 2021: $27,377,110Liabilities 2021: $88,987Net Assets 2021: $27,288,1232021Assets 2022: $27,482,518Liabilities 2022: $163,476Net Assets 2022: $27,319,0422022Assets 2023: $32,064,138Liabilities 2023: $461,602Net Assets 2023: $31,602,5362023Assets 2024: $41,346,702Liabilities 2024: $689,230Net Assets 2024: $40,657,4722024

Highlighted filing

2024

Assets$41,346,702
Liabilities$689,230
Net Assets$40,657,472
Open 2024 Filing

Operations Trend

Revenue Growth8th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $1,045,6162011Expenses 2012: $1,164,3372012Expenses 2013: $1,492,8302013Revenue 2014: $1,666,826Expenses 2014: $1,792,975Net Income 2014: -$126,1492014Revenue 2015: $3,940,570Expenses 2015: $2,202,238Net Income 2015: $1,738,3322015Revenue 2016: $5,820,193Expenses 2016: $2,030,200Net Income 2016: $3,789,9932016Revenue 2017: $2,919,048Expenses 2017: $2,121,449Net Income 2017: $797,5992017Revenue 2018: $4,669,273Expenses 2018: $2,139,772Net Income 2018: $2,529,5012018Revenue 2019: $2,908,479Expenses 2019: $2,131,899Net Income 2019: $776,5802019Revenue 2020: $1,992,676Expenses 2020: $2,165,754Net Income 2020: -$173,0782020Revenue 2021: $5,543,925Expenses 2021: $2,009,718Net Income 2021: $3,534,2072021Revenue 2022: $2,883,569Expenses 2022: $2,517,237Net Income 2022: $366,3322022Revenue 2023: $5,789,633Expenses 2023: $2,647,997Net Income 2023: $3,141,6362023Revenue 2024: $4,087,289Expenses 2024: $2,856,101Net Income 2024: $1,231,1882024

Highlighted filing

2024

Revenue$4,087,289
Expenses$2,856,101
Net Income$1,231,188
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2023 to Aug 31, 2024
Signed
Jul 10, 2025
Return Version
2023v6.0
Gross Receipts
$7,760,989
Mission and Program Overview

Mission

Our mission is 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 the philadelphia and surrounding suburbs.

Management and development of federally subsidized housing projects for the elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$14,286,695$17,066,477▲ $2,779,782
Savings and Temporary Cash Investments$1,700,873$7,029,904▲ $5,329,031
Investments Program Related$6,095,854$5,768,678▼ $327,176
Pledges and Grants Receivable$1,921,302$1,060,896▼ $860,406
Land, Buildings, and Equipment, Net$588,159$538,997▼ $49,162
Prepaid Expenses and Deferred Charges$25,148$30,244▲ $5,096
Cash and Non-Interest-Bearing Accounts$1,500$1,500→ $0
Total Assets$32,064,138$41,346,702▲ $9,282,564
Other Assets Total$7,444,607$9,850,006▲ $2,405,399
Liabilities
Accounts Payable and Accrued Expenses$265,211$513,067▲ $247,856
Other Liabilities$196,391$176,163▼ $20,228
Total Liabilities$461,602$689,230▲ $227,628
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$28,723,901$37,157,576▲ $8,433,675
Net Assets With Donor Restrictions$2,878,635$3,499,896▲ $621,261
Total Net Assets Fund Balance$31,602,536$40,657,472▲ $9,054,936
Total Liabilities and Net Assets / Fund Balance$32,064,138$41,346,702▲ $9,282,564

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$519,503$450,925$970,428
Equipment$19,494$156,620$176,114
Investment Program Related Org$5,768,678--
Other Assets Org$176,163--
Compensation and Service Providers
Top Officer Pay57th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Eric NaftulinExecutive DirectorFT$267,037$23,138$290,175

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 LasitsaDirector
Richard GreenDirector
Robert CasswayDirector
Roslyn PollackDirector
Ryan SpakDirector
Saul ReibsteinDirector
Scott GoldsteinDirector
Stephen FeldmanDirector
Susan Freedman EsqDirector
Susan WeissDirector
William Landsburg EsqDirector
Karen CohenSecretary
Michael Davidson EsqTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,763,192
Program Service Revenue
$1,797,311
Investment Income
$526,786
Other Revenue
$0
All Other Contributions
$1,763,192
Change in Net Assets
$1,231,188

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,087,289
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$529,548
Total Revenue per Audited Statements
$4,616,837
Total Revenue per Form 990
$4,087,289
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,482,297
Salaries, Compensation, and Employee Benefits$1,373,804
Total Fundraising Expense$44,055
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$708,558$140,555$34,771$883,884
All Other Expenses$440,940$58,448$4,262$503,650
Current Officers, Directors, Trustees, and Key Employees$311,010--$311,010
Other Expenses$118,069$13,555-$131,624
Payroll Taxes$85,601-$1,722$87,323
Office Expenses-$54,591$3,300$57,891
Other Employee Benefits$54,594--$54,594
Depreciation Depletion$27,988$21,174-$49,162
Pension Plan Contributions$36,993--$36,993
Insurance-$17,312-$17,312
Occupancy-$16,200-$16,200
Conferences and Meetings-$10,279-$10,279
Fees for Services Legal-$9,007-$9,007
Fees for Services Accounting-$8,500-$8,500
Fees for Services Other-$3,600-$3,600
Total Functional Expenses$2,458,825$353,221$44,055$2,856,101

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,856,101
Total Expenses per Audited Statements$2,856,101
Total Expenses per Form 990$2,856,101
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
Lease Liability$176,163
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Directors saul reibstein and jb reibstein are related.”

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

“Any member of the board of directors or staff who is an officer, owner, board member or employee of a contracting party, vendor, consultant or other provider of services to fhi is covered under the policy. Determinations of a conflict are made at every level and competitive bids are sought to ensure the best outcome for fhi. Any individual with a conflict shall not participate in connection with any committee or board action specifically related to the transaction unless the full board of directors approves the participation of the individual or third party.”

Form 990, Part VI, Section B, Line 15A

“The compensation for the executive vice president is reviewed annually by the board president and the personnel committee. Various sources are used as a basis for comparison like the annual wage scale published by panpha. The chairperson of the personnel committee documents the meetings and when a decision is reached, the director of finance is given instructions to change the rate of compensation through the payroll company.”

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
Federation Housing Inc
EIN
23-2122054
Phone
2156736446
Address
8900 ROOSEVELT BLVD, PHILADELPHIA, PA 19115-5060

Signing Officer

Name
Ava Goldman
Title
President
Phone
2156736446
Signed
2025-07-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ava Goldman
Formed
1978
Legal Domicile
Pa
Voting Board Members
33
Independent Board Members
33
Employees
76
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 from federation apartments, inc. 704,000. Transfer from shalom apartments of federation housing, inc. 84,000. Transfer from arbor house, inc. 72,000. Transfer from robert saligman house, inc. 300,000. Transfer from miriam and robert m. Rieder house, inc. 21,200. Transfer from federation housing foundation, inc. 6,113,000.”

Financial Statement Notes

PART X, LINE 2:

“The organization 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 organization's federal information returns are generally subject to examination by the internal revenue service for three years, including the fiscal years ended august 31, 2021, 2022 and 2023, as well as the return to be filed for the year ended august 31,2024.”

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IRS990/Form990PartVIISectionAGrp/PersonNm28SAUL REIBSTEIN
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IRS990/Form990PartVIISectionAGrp/PersonNm30RADA LASITSA
IRS990/Form990PartVIISectionAGrp/PersonNm31RYAN SPAK
IRS990/Form990PartVIISectionAGrp/PersonNm32JENNIFER TINTENFASS
IRS990/Form990PartVIISectionAGrp/PersonNm33ERIC NAFTULIN
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt280
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IRS990/Form990PartVIISectionAGrp/TitleTxt0TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
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/OtherExpensesGrp/Desc1RENTAL SUBSIDY
IRS990/OtherExpensesGrp/Desc2MEAL PROGRAM

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$41,346,702
Liabilities
$689,230
Net assets
$40,657,472
Revenue
$4,087,289
Expenses
$2,856,101
Net income
$1,231,188
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$41.3$0.69$40.7$4.09$2.86$1.23
2023Summary only. Only limited summary data is available for this year.$32.1$0.46$31.6$5.79$2.65$3.14
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.5$0.16$27.3$2.88$2.52$0.37
2021Summary only. Only limited summary data is available for this year.$27.4$0.09$27.3$5.54$2.01$3.53
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.8$0.18$21.6$1.99$2.17$0.17
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$52.9$0.17$52.7$2.91$2.13$0.78
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$50.8$0.11$50.6$4.67$2.14$2.53
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$45.1$0.13$44.9$2.92$2.12$0.80
2016Detailed filing. Detailed filing data is available for this year.$42.9$0.26$42.7$5.82$2.03$3.79
2015Detailed filing. Detailed filing data is available for this year.$37.0$0.34$36.6$3.94$2.20$1.74
2014Detailed filing. Detailed filing data is available for this year.$23.4$0.23$23.2$1.67$1.79$0.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.1$0.17$11.9$1.49
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.2$0.13$12.1$1.16
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.0$0.07$10.9$1.05
Peer Organizations

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