Passavant Memorial Homes Housing Initiative No 2 Inc
Only null% goes to programs Strong reserves
Passavant Memorial Homes Housing Initiative No 2 Inc is a 501(c)(3) organization based in Pittsburgh, Pennsylvania, registered in 2002, with $63,242 in FY2023 revenue. CharityIndex grades it B.
100 Passavant Way, Pittsburgh, PA, 15238 EIN 25-1891797 Since 2002
Revenue (FY2023)
$63K
▲ 0.9% vs prior year
Human Services median: $293K
Expenses (FY2023)
$65K
Net assets
$438K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—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 2 Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating81 mo reserves · -2% 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 2 Inc: 81 mo reserves · -2% margin earns a B+ 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 2 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 2 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
- Human Services
- Subcategory
- Residential Care
- Website
- …
Financial trends
Revenue held steady from $62K (FY2019) to $63K (FY2023) across 5 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $5,030Net assets $438K
Operating margin
-2.0%
Spent more than it raised in the latest fiscal year.
Total assets
$443K
Total liabilities
$5,030
Net assets
$438K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $63,242▲0.9% | $64,510▼36.4% | $437,555▼0.3% | $442,585▼1.3% | 990 |
| 2022 | $62,682▲6.2% | $101,420▲27.4% | $438,823▼8.1% | $448,335▼8.3% | 990 |
| 2021 | $59,017▼5.1% | $79,637▲59.9% | $477,561▼4.1% | $488,797▼2.6% | 990 |
| 2020 | $62,183▼0.5% | $49,803▼8.8% | $498,181▲2.5% | $501,946▲1.9% | 990 |
| 2019 | $62,489 | $54,634▲51.4% | $485,801▼1.9% | $492,599▼9.0% | 990 |
| 2012 | — | $36,079▼11.8% | $495,420▼0.3% | $541,326▲0.3% | 990 |
| 2011 | — | $40,909▼3.7% | $497,075▼1.2% | $539,881▼2.1% | 990 |
| 2010 | — | $42,462 | $502,916 | $551,555 | 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 2 Inc a legitimate nonprofit?
- Yes. Passavant Memorial Homes Housing Initiative No 2 Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 25-1891797, based in Pittsburgh, Pennsylvania. Donations are tax-deductible.
- What is Passavant Memorial Homes Housing Initiative No 2 Inc's EIN?
- Passavant Memorial Homes Housing Initiative No 2 Inc's Employer Identification Number (EIN) is 25-1891797.
- How much revenue does Passavant Memorial Homes Housing Initiative No 2 Inc report?
- Passavant Memorial Homes Housing Initiative No 2 Inc reported $63,242 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Passavant Memorial Homes Housing Initiative No 2 Inc have?
- CharityIndex grades Passavant Memorial Homes Housing Initiative No 2 Inc B, based on financial health (reserves and operating margin).
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Data for Passavant Memorial Homes Housing Initiative No 2 Inc (EIN 25-1891797) 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.