Pennsylvania Affordable Housing Corporation
Pennsylvania Affordable Housing Corporation shows significant asset growth but recent operating deficit.
EIN: 10806304 · Pittburgh, PA · NTEE: L20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $997K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $1.1M |
| Transparency Score | 85/100 |
Is Pennsylvania Affordable Housing Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Pennsylvania Affordable Housing Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Pennsylvania Affordable Housing Corporation
Pennsylvania Affordable Housing Corporation (EIN: 10806304) is a nonprofit organization based in Pittburgh, PA, classified under NTEE code L20. The organization reported total revenue of $1.0M and total assets of $4.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pennsylvania Affordable Housing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pennsylvania Affordable Housing Corporation is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $866K |
| Total Expenses | $997K |
| Surplus / Deficit | $-131,424 |
| Total Assets | $2.7M |
| Total Liabilities | $1.6M |
| Net Assets | $1.1M |
| Operating Margin | -15.2% |
| Debt-to-Asset Ratio | 58.4% |
| Months of Reserves | 32.7 months |
Financial Health Grade: C
In 2023, Pennsylvania Affordable Housing Corporation reported a deficit of $131K with expenses exceeding revenue, holds 32.7 months of operating reserves (strong position), has a debt-to-asset ratio of 58.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Pennsylvania Affordable Housing Corporation's revenue has grown at a compound annual growth rate (CAGR) of 11.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -50.9% | +86.4% | +14.9% |
| 2022 | +493.6% | +85.2% | +567.9% |
| 2021 | +0.8% | -2.8% | -19.4% |
| 2020 | +4.7% | -3.1% | +5.1% |
| 2019 | +3.3% | +7.7% | +1.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Pennsylvania Affordable Housing Corporation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Pennsylvania Affordable Housing Corporation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $131K, with expenses exceeding revenue.
- Debt-to-asset ratio: 58.4%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers received compensation, which is highly favorable for a nonprofit of its size with over $1 million in latest revenue and nearly $5 million in assets.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Pennsylvania Affordable Housing Corporation's IRS 990 filings:
- Operating deficit in the most recent filing (202309) where expenses ($997,268) exceeded revenue ($865,844)
- Significant fluctuations in annual revenue and expenses, making financial forecasting potentially challenging
Strengths
The following positive indicators were identified for Pennsylvania Affordable Housing Corporation:
- Consistent 0% officer compensation across all filings, indicating high efficiency in this area
- Substantial growth in assets from $438,843 in 202009 to $2,714,707 in 202309
- Strong program focus implied by the lack of executive compensation and NTEE code L20
- Significant revenue generation in 202209 ($1,763,249) demonstrating capacity for large-scale funding
Frequently Asked Questions about Pennsylvania Affordable Housing Corporation
Is Pennsylvania Affordable Housing Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Pennsylvania Affordable Housing Corporation (EIN: 10806304) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Pennsylvania Affordable Housing Corporation spend its money?
Pennsylvania Affordable Housing Corporation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Pennsylvania Affordable Housing Corporation tax-deductible?
Pennsylvania Affordable Housing Corporation is registered as a tax-exempt nonprofit (EIN: 10806304). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Pennsylvania Affordable Housing Corporation CEO make?
Pennsylvania Affordable Housing Corporation's highest-compensated officer earns $1 annually. The organization reported $1.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Pennsylvania Affordable Housing Corporation's spending goes to programs?
Pennsylvania Affordable Housing Corporation directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Pennsylvania Affordable Housing Corporation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Pennsylvania Affordable Housing Corporation is above average for NTEE category L20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Pennsylvania Affordable Housing Corporation located?
Pennsylvania Affordable Housing Corporation is headquartered in Pittburgh, Pennsylvania and files with the IRS under EIN 10806304. It is classified under NTEE code L20.
How many years of IRS 990 filings does Pennsylvania Affordable Housing Corporation have?
Pennsylvania Affordable Housing Corporation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.0M in total revenue.
Is Pennsylvania Affordable Housing Corporation financially stable?
While the organization has shown significant asset growth to $2,714,707 in 202309, the recent deficit where expenses ($997,268) exceeded revenue ($865,844) in the same period suggests a need to monitor its operational sustainability going forward, despite a large surplus in 202209.
How has the organization's financial health changed over time?
The organization experienced a period of relatively stable, lower revenue and expenses from 2014-2021, followed by a dramatic increase in revenue and assets in 202209 ($1,763,249 revenue, $2,361,929 assets), and continued asset growth into 202309 ($2,714,707 assets) despite a revenue decline and operating deficit in that latest period.
What is the organization's approach to executive compensation?
The organization consistently reports 0% officer compensation across all 13 available filings, indicating a strong commitment to minimizing administrative overhead related to executive salaries.
Filing History
IRS 990 filing history for Pennsylvania Affordable Housing Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Pennsylvania Affordable Housing Corporation's revenue has grown by 259.7%, moving from $241K to $866K. Total assets increased by 326.8% over the same period, from $636K to $2.7M. Total functional expenses rose by 230.6%, from $302K to $997K. In its most recent filing year (2023), Pennsylvania Affordable Housing Corporation reported a deficit of $131K, with expenses exceeding revenue. The organization holds $1.6M in liabilities against $2.7M in assets (debt-to-asset ratio: 58.4%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $866K | $997K | $2.7M | $1.6M | — | View 990 |
| 2022 | $1.8M | $535K | $2.4M | $1.1M | — | — |
| 2021 | $297K | $289K | $354K | $306K | — | View 990 |
| 2020 | $295K | $297K | $439K | $399K | — | View 990 |
| 2019 | $282K | $307K | $417K | $375K | — | View 990 |
| 2018 | $273K | $285K | $412K | $345K | — | View 990 |
| 2017 | $298K | $307K | $425K | $346K | — | View 990 |
| 2016 | $253K | $415K | $440K | $352K | — | View 990 |
| 2015 | $257K | $229K | $632K | $382K | — | View 990 |
| 2014 | $302K | $287K | $614K | $392K | — | View 990 |
| 2013 | $268K | $245K | $623K | $415K | — | View 990 |
| 2012 | $267K | $280K | $640K | $455K | — | View 990 |
| 2011 | $241K | $302K | $636K | $438K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $866K, expenses of $997K, and assets of $2.7M (revenue -50.9% year-over-year).
- 2022: Revenue of $1.8M, expenses of $535K, and assets of $2.4M (revenue +493.6% year-over-year).
- 2021: Revenue of $297K, expenses of $289K, and assets of $354K (revenue +0.8% year-over-year).
- 2020: Revenue of $295K, expenses of $297K, and assets of $439K (revenue +4.7% year-over-year).
- 2019: Revenue of $282K, expenses of $307K, and assets of $417K (revenue +3.3% year-over-year).
- 2018: Revenue of $273K, expenses of $285K, and assets of $412K (revenue -8.6% year-over-year).
- 2017: Revenue of $298K, expenses of $307K, and assets of $425K (revenue +18.1% year-over-year).
- 2016: Revenue of $253K, expenses of $415K, and assets of $440K (revenue -1.7% year-over-year).
- 2015: Revenue of $257K, expenses of $229K, and assets of $632K (revenue -14.9% year-over-year).
- 2014: Revenue of $302K, expenses of $287K, and assets of $614K (revenue +12.8% year-over-year).
- 2013: Revenue of $268K, expenses of $245K, and assets of $623K (revenue +0.1% year-over-year).
- 2012: Revenue of $267K, expenses of $280K, and assets of $640K (revenue +11.0% year-over-year).
- 2011: Revenue of $241K, expenses of $302K, and assets of $636K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pennsylvania Affordable Housing Corporation:
Data Sources and Methodology
This transparency report for Pennsylvania Affordable Housing Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.