Civic Intelligence

Philadelphia Accelerator Fund

EIN 84-3332182 • 501(c)3 • Philadelphia, PA

Pub. 78 EligibleNTEE S31

View Organization Page

Profile

Making low cost loans in affordable housing projects throughout the city of philadelphia to increase the availability and quality of affordable housing to city residents.

100 East Penn Square Suite 409Philadelphia, PA 19107

n/A

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$16,942,836

Up $2,779,864 (+20%) from 2023

Liabilities

Up

$14,050,574

Up $1,537,444 (+12%) from 2023

Net Assets

Up

$2,892,262

Up $1,242,420 (+75%) from 2023

Operations

Revenue

Up

$1,898,965

Up $1,499,860 (+376%) from 2023

Expenses

Up

$656,545

Up $247,359 (+60%) from 2023

Net Income

Up

$1,242,420

Up $1,252,501 (+12424%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0Assets 2021: $10,937,730Liabilities 2021: $9,000,000Net Assets 2021: $1,937,7302021Assets 2022: $10,681,998Liabilities 2022: $9,022,075Net Assets 2022: $1,659,9232022Assets 2023: $14,162,972Liabilities 2023: $12,513,130Net Assets 2023: $1,649,8422023Assets 2024: $16,942,836Liabilities 2024: $14,050,574Net Assets 2024: $2,892,2622024

Highlighted filing

2024

Assets$16,942,836
Liabilities$14,050,574
Net Assets$2,892,262
Open 2024 Filing

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2021: $54,762Expenses 2021: $76,169Net Income 2021: -$21,4072021Revenue 2022: $45,143Expenses 2022: $322,950Net Income 2022: -$277,8072022Revenue 2023: $399,105Expenses 2023: $409,186Net Income 2023: -$10,0812023Revenue 2024: $1,898,965Expenses 2024: $656,545Net Income 2024: $1,242,4202024

Highlighted filing

2024

Revenue$1,898,965
Expenses$656,545
Net Income$1,242,420
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$16,942,836
Liabilities
$14,050,574
Net assets
$2,892,262
Revenue
$1,898,965
Expenses
$656,545
Net income
$1,242,420
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$16.9$14.1$2.89$1.90$0.66$1.24
2023Detailed filing. Detailed filing data is available for this year.$14.2$12.5$1.65$0.40$0.41$0.01
2022Detailed filing. Detailed filing data is available for this year.$10.7$9.02$1.66$0.05$0.32$0.28
2021Detailed filing. Detailed filing data is available for this year.$10.9$9.00$1.94$0.05$0.08$0.02
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 20, 2025
Return Version
2024v5.0
Gross Receipts
$1,898,965
Mission and Program Overview

Mission

Making low cost loans in affordable housing projects throughout the city of philadelphia to increase the availability and quality of affordable housing to city residents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$3,430,928$4,427,398▲ $996,470
Investments Other Securities$3,000,000$3,769,568▲ $769,568
Cash and Non-Interest-Bearing Accounts$676,234$2,450,951▲ $1,774,717
Prepaid Expenses and Deferred Charges$750--
Total Assets$14,162,972$16,942,836▲ $2,779,864
Other Assets Total$7,055,060$6,294,919▼ $760,141
Liabilities
Mortgage Notes Payable Secured by Investment Property$12,455,928$13,955,928▲ $1,500,000
Deferred Revenue$46,675$52,364▲ $5,689
Other Liabilities$10,527$22,687▲ $12,160
Accounts Payable and Accrued Expenses-$19,595-
Total Liabilities$12,513,130$14,050,574▲ $1,537,444
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,649,842$1,992,262▲ $342,420
Net Assets With Donor Restrictions-$900,000-
Total Net Assets Fund Balance$1,649,842$2,892,262▲ $1,242,420
Total Liabilities and Net Assets / Fund Balance$14,162,972$16,942,836▲ $2,779,864

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$1,800--
Other Securities$3,769,568--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
-Executive DiFT$140,000$140,000

Board Members and Trustees

NameTitle
Mo RushdyChair
Anne FadullonDirector
David ThomasDirector
James SandersDirector
Jennifer Lucas CrowtherDirector
Jessie LawrenceDirector
Karen FegelyDirector
Katya NoreikaDirector
Matthew StittDirector
Michael JohnsDirector
Paul BadgerDirector
Suzanne S MayesDirector
Vidhi AndersonDirector
Jennifer BellotSecretary
Charles LomaxTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,241,250
Program Service Revenue
$240,343
Investment Income
$417,329
Other Revenue
$43
All Other Contributions
$241,250
Change in Net Assets
$1,242,420

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,898,965
Total Revenue per Audited Statements
$1,898,965
Total Revenue per Form 990
$1,898,965
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$395,573
Salaries, Compensation, and Employee Benefits$260,972
Total Fundraising Expense$24,353
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$105,000$35,000-$140,000
Fees for Services Legal-$115,509-$115,509
Interest$93,126--$93,126
Other Salaries and Wages$67,586$22,529-$90,115
Fees for Services Other$69,702--$69,702
Insurance$32,609--$32,609
Payroll Taxes$21,830$7,277-$29,107
Advertising--$24,353$24,353
Fees for Services Accounting-$23,284-$23,284
Office Expenses-$17,462-$17,462
Occupancy$9,750--$9,750
Other Expenses$3,333--$3,333
Other Employee Benefits$1,312$438-$1,750
Fees for Service Investment Mgmnt Fees$500--$500
Total Functional Expenses$410,693$221,499$24,353$656,545

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$656,545
Total Expenses per Audited Statements$656,545
Total Expenses per Form 990$656,545
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$22,687
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
No
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, Page 6, Part VI, Line 11B

“A draft copy is circulated to all members prior to filing”

Form 990, Page 6, Part VI, Line 12C

“The board reviews the conflict of interest policy on an annual basis”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Philadelphia Accelerator Fund
EIN
84-3332182
Phone
2154969373
Address
100 EAST PENN SQUARE SUITE 409, PHILADELPHIA, PA 19107

Signing Officer

Name
David Langlieb
Title
Executive Director
Phone
2154969373
Signed
2025-03-20
Discuss with paid preparer
Yes

Organization Details

Formed
2019
Legal Domicile
Pa
Voting Board Members
15
Independent Board Members
15
Employees
2

Preparer

Firm
Baratz & Associates Pa
Address
4B EVES DR STE 100, MARLTON, NJ 08053
Preparer
Ryan Dowdell CPA
Phone
8569855688
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Credit analysis 64,856 0 0 servicing 750 0 0 other professional fees 4,096 0 0 total 69,702 0 0”

Financial Statement Notes

Schedule D, Page 3, Part X

“Fasb asc 740-10-65-1 requires financial statement recognition of the impact of a tax position, if that position is more than likely than not to be sustained on examination, based on the technical merits of the position. The benefit is calculated as the largest amount that is more thpn 50 percent likely to be realized upon resolution of the benefit. The organization has evaluated its tax positions and believes all could be sustained upon examination. With few exceptions, the organization is no longer subject to income tax examinations by federal authorities for years before 2021.”

Raw XML AppendixShowing 400 of 447 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt019595
IRS990/AccountsReceivableGrp/BOYAmt03430928
IRS990/AccountsReceivableGrp/EOYAmt04427398
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0MAKING LOW COST LOANS IN AFFORDABLE HOUSING PROJECTS THROUGHOUT THE CITY OF PHILADELPHIA TO INCREASE THE AVAILABILITY AND QUALITY OF AFFORDABLE HOUSING TO CITY RESIDENTS.
IRS990/AdvertisingGrp/FundraisingAmt024353
IRS990/AdvertisingGrp/TotalAmt024353
IRS990/AllOtherContributionsAmt0241250
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0DAVID LANGLIEB
IRS990/BooksInCareOfDetail/PhoneNum02154969373
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0100 EAST PENN SQUARE SUITE 409
IRS990/BooksInCareOfDetail/USAddress/CityNm0PHILADELPHIA
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd019107
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0676234
IRS990/CashNonInterestBearingGrp/EOYAmt02450951
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt035000
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0105000
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0140000
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01241250
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0417329
IRS990/CYOtherExpensesAmt0395573
IRS990/CYOtherRevenueAmt043
IRS990/CYProgramServiceRevenueAmt0240343
IRS990/CYRevenuesLessExpensesAmt01242420
IRS990/CYSalariesCompEmpBnftPaidAmt0260972
IRS990/CYTotalExpensesAmt0656545
IRS990/CYTotalFundraisingExpenseAmt024353
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01898965
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt046675
IRS990/DeferredRevenueGrp/EOYAmt052364
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0MAKING LOW COST LOANS IN AFFORDABLE HOUSING PROJECTS THROUGHOUT THE CITY OF PHILADELPHIA TO INCREASE THE AVAILABILITY AND QUALITY OF AFFORDABLE HOUSING TO CITY RESIDENTS.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt0900000
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt02
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0410693
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt023284
IRS990/FeesForServicesAccountingGrp/TotalAmt023284
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0115509
IRS990/FeesForServicesLegalGrp/TotalAmt0115509
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt069702
IRS990/FeesForServicesOtherGrp/TotalAmt069702
IRS990/FeesForSrvcInvstMgmntFeesGrp/ProgramServicesAmt0500
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt0500
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt04.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt131.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt141.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1540.00
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt0DAVID LANGLIEB
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/PersonNm0MO RUSHDY
IRS990/Form990PartVIISectionAGrp/PersonNm1CHARLES LOMAX
IRS990/Form990PartVIISectionAGrp/PersonNm2JENNIFER BELLOT
IRS990/Form990PartVIISectionAGrp/PersonNm3ANNE FADULLON
IRS990/Form990PartVIISectionAGrp/PersonNm4PAUL BADGER
IRS990/Form990PartVIISectionAGrp/PersonNm5JAMES SANDERS
IRS990/Form990PartVIISectionAGrp/PersonNm6VIDHI ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm7SUZANNE S MAYES
IRS990/Form990PartVIISectionAGrp/PersonNm8MATTHEW STITT
IRS990/Form990PartVIISectionAGrp/PersonNm9JESSIE LAWRENCE
IRS990/Form990PartVIISectionAGrp/PersonNm10KAREN FEGELY
IRS990/Form990PartVIISectionAGrp/PersonNm11DAVID THOMAS
IRS990/Form990PartVIISectionAGrp/PersonNm12JENNIFER LUCAS CROWTHER
IRS990/Form990PartVIISectionAGrp/PersonNm13MICHAEL JOHNS
IRS990/Form990PartVIISectionAGrp/PersonNm14KATYA NOREIKA
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15140000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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/TitleTxt15EXECUTIVE DI
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02019
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GovernmentGrantsAmt01000000
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01898965
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt032609
IRS990/InsuranceGrp/TotalAmt032609
IRS990/InterestGrp/ProgramServicesAmt093126
IRS990/InterestGrp/TotalAmt093126
IRS990/InvestmentIncomeGrp/ExclusionAmt0417329
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0417329
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt03000000
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt03769568
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0PA
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0MAKING LOW COST LOANS IN AFFORDABLE HOUSING PROJECTS THROUGHOUT THE CITY OF PHILADELPHIA TO INCREASE THE AVAILABILITY AND QUALITY OF AFFORDABLE HOUSING TO CITY RESIDENTS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt012455928
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt013955928
IRS990/NetAssetsOrFundBalancesBOYAmt01649842
IRS990/NetAssetsOrFundBalancesEOYAmt02892262
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01649842
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01992262
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt09750
IRS990/OccupancyGrp/TotalAmt09750
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt017462
IRS990/OfficeExpensesGrp/TotalAmt017462
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt07055060
IRS990/OtherAssetsTotalGrp/EOYAmt06294919
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0438
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01312
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01750
IRS990/OtherExpensesGrp/Desc0CONTRIBUTIONS
IRS990/OtherExpensesGrp/Desc1AMORT OF LOAN FEES
IRS990/OtherExpensesGrp/ProgramServicesAmt05945
IRS990/OtherExpensesGrp/ProgramServicesAmt13333
IRS990/OtherExpensesGrp/TotalAmt05945
IRS990/OtherExpensesGrp/TotalAmt13333
IRS990/OtherLiabilitiesGrp/BOYAmt010527
IRS990/OtherLiabilitiesGrp/EOYAmt022687
IRS990/OtherRevenueMiscGrp/BusinessCd0999999
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt043
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt043
IRS990/OtherRevenueTotalAmt043
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt022529
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt067586
IRS990/OtherSalariesAndWagesGrp/TotalAmt090115
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07277
IRS990/PayrollTaxesGrp/ProgramServicesAmt021830
IRS990/PayrollTaxesGrp/TotalAmt029107
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0750
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0DAVID LANGLIEB
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0525990
IRS990/ProgramServiceRevenueGrp/BusinessCd1525990
IRS990/ProgramServiceRevenueGrp/Desc0INTREST FROM CUSTOMER LOANS
IRS990/ProgramServiceRevenueGrp/Desc1FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0224115
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt116228
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0224115
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt116228
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0314782
IRS990/PYOtherExpensesAmt0266859
IRS990/PYOtherRevenueAmt0207
IRS990/PYProgramServiceRevenueAmt084116
IRS990/PYRevenuesLessExpensesAmt0-10081
IRS990/PYSalariesCompEmpBnftPaidAmt0142327
IRS990/PYTotalExpensesAmt0409186
IRS990/PYTotalRevenueAmt0399105
IRS990/ReconcilationRevenueExpnssAmt01242420
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0240343
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01241250
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02000000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03241250
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0417329
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0314782
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt044986
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt054762
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0831859
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0324709
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.79580
IRS990ScheduleA/PublicSupportTotal170Amt03241250
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01241250
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02000000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03241250
IRS990ScheduleA/TotalSupportAmt04073109
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesSubtotalAmt0656545
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt06230432
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt140000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt222687
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt31800
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESTRICTED CASH
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1LOAN ORIGINATION FEES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RIGHT OF USE ASSET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3SECURITY DEPOSIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt022687
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LEASE LIABILITY
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt03769568
IRS990ScheduleD/OtherSecuritiesGrp/Desc0CERTIFICATE OF DEPOSIT
IRS990ScheduleD/RevenueSubtotalAmt01898965
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FASB ASC 740-10-65-1 REQUIRES FINANCIAL STATEMENT RECOGNITION OF THE IMPACT OF A TAX POSITION, IF THAT POSITION IS MORE THAN LIKELY THAN NOT TO BE SUSTAINED ON EXAMINATION, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE BENEFIT IS CALCULATED AS THE LARGEST AMOUNT THAT IS MORE THPN 50 PERCENT LIKELY TO BE REALIZED UPON RESOLUTION OF THE BENEFIT. THE ORGANIZATION HAS EVALUATED ITS TAX POSITIONS AND BELIEVES ALL COULD BE SUSTAINED UPON EXAMINATION. WITH FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY FEDERAL AUTHORITIES FOR YEARS BEFORE 2021.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueOtherAssetsAmt06294919
IRS990ScheduleD/TotalBookValueSecuritiesAmt03769568
IRS990ScheduleD/TotalExpensesPerForm990Amt0656545
IRS990ScheduleD/TotalLiabilityAmt022687
IRS990ScheduleD/TotalRevenuePerForm990Amt01898965
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01898965
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0656545
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT COPY IS CIRCULATED TO ALL MEMBERS PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD REVIEWS THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CREDIT ANALYSIS 64,856 0 0 SERVICING 750 0 0 OTHER PROFESSIONAL FEES 4,096 0 0 TOTAL 69,702 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt014162972
IRS990/TotalAssetsEOYAmt016942836
IRS990/TotalAssetsGrp/BOYAmt014162972
IRS990/TotalAssetsGrp/EOYAmt016942836
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01241250
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt024353
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0221499
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0410693
IRS990/TotalFunctionalExpensesGrp/TotalAmt0656545
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt012513130
IRS990/TotalLiabilitiesEOYAmt014050574
IRS990/TotalLiabilitiesGrp/BOYAmt012513130
IRS990/TotalLiabilitiesGrp/EOYAmt014050574
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01649842
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02892262
IRS990/TotalProgramServiceExpensesAmt0410693
IRS990/TotalProgramServiceRevenueAmt0240343

Document Assets

No mirrored PDF or thumbnail assets are attached yet.