Passavant Memorial Homes Housing Initiative No 1 Inc
Only null% goes to programs Strong reserves
Passavant Memorial Homes Housing Initiative No 1 Inc is a 501(c)(3) organization based in Pittsburgh, Pennsylvania, registered in 2002, with $62,448 in FY2023 revenue. CharityIndex grades it C+.
100 Passavant Way, Pittsburgh, PA, 15238 EIN 25-1891795 Since 2002
Revenue (FY2023)
$62K
▼ 0.1% vs prior year
Housing median: $408K
Expenses (FY2023)
$76K
Net assets
$423K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Passavant Memorial Homes Housing Initiative No 1 Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
C+Financial health25% of the rating67 mo reserves · -22% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Passavant Memorial Homes Housing Initiative No 1 Inc: 67 mo reserves · -22% margin earns a C+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Passavant Memorial Homes Housing Initiative No 1 Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Passavant Memorial Homes Housing Initiative No 1 Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 100 Passavant Way, Pittsburgh, PA, 15238
- City
- Pittsburgh
- State
- Pennsylvania
- Category
- Housing & Shelter
- Subcategory
- Housing Development & Management
- Website
- …
Financial trends
Revenue held steady from $62K (FY2019) to $62K (FY2023) across 5 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $4,614Net assets $423K
Operating margin
-22.0%
Spent more than it raised in the latest fiscal year.
Total assets
$428K
Total liabilities
$4,614
Net assets
$423K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $62,448▼0.1% | $76,159▼13.5% | $422,890▼3.1% | $427,504▼2.9% | 990 |
| 2022 | $62,496▲0.1% | $88,003▲48.1% | $436,601▼5.5% | $440,357▼6.7% | 990 |
| 2021 | $62,418▼0.1% | $59,415▲12.9% | $462,108▲0.7% | $472,124▲2.2% | 990 |
| 2020 | $62,509▲0.2% | $52,646▲8.0% | $459,105▲2.2% | $462,161▼0.9% | 990 |
| 2019 | $62,414 | $48,762▲15.5% | $449,242▼5.1% | $466,228▼12.0% | 990 |
| 2012 | — | $42,222▲21.6% | $473,239▼1.8% | $529,722▲0.5% | 990 |
| 2011 | — | $34,724▼19.4% | $481,725▼0.2% | $527,219▼1.8% | 990 |
| 2010 | — | $43,093 | $482,466 | $536,959 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Passavant Memorial Homes Housing Initiative No 1 Inc a legitimate nonprofit?
- Yes. Passavant Memorial Homes Housing Initiative No 1 Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 25-1891795, based in Pittsburgh, Pennsylvania. Donations are tax-deductible.
- What is Passavant Memorial Homes Housing Initiative No 1 Inc's EIN?
- Passavant Memorial Homes Housing Initiative No 1 Inc's Employer Identification Number (EIN) is 25-1891795.
- How much revenue does Passavant Memorial Homes Housing Initiative No 1 Inc report?
- Passavant Memorial Homes Housing Initiative No 1 Inc reported $62,448 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Passavant Memorial Homes Housing Initiative No 1 Inc have?
- CharityIndex grades Passavant Memorial Homes Housing Initiative No 1 Inc C+, based on financial health (reserves and operating margin).
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Data for Passavant Memorial Homes Housing Initiative No 1 Inc (EIN 25-1891795) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.