Project H O M E Community Development Corporation
Only null% goes to programs Thin reserves Growing revenue
Project H O M E Community Development Corporation is a 501(c)(3) organization based in Philadelphia, Pennsylvania, registered in 1997, with $1,269,632 in FY2024 revenue. CharityIndex grades it D.
1415 Fairmount Ave Suite 241, Philadelphia, PA, 19130 EIN 23-2895377 Since 1997
Revenue (FY2024)
$1.3M
▲ 8.8% vs prior year
Community median: $184K
Expenses (FY2024)
$2.0M
Net assets
-$6.8M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—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 Project H O M E Community Development Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating0 mo reserves · -56% 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 Project H O M E Community Development Corporation: 0 mo reserves · -56% margin earns a F 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 Project H O M E Community Development Corporation— 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 Project H O M E Community Development Corporation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 1415 Fairmount Ave Suite 241, Philadelphia, PA, 19130
- City
- Philadelphia
- State
- Pennsylvania
- Subcategory
- Community & Neighborhood Development
- Website
- …
Financial trends
Revenue grew from $1.1M (FY2013) to $1.3M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $10.8MNet assets -$6.8M
Operating margin
-56.2%
Spent more than it raised in the latest fiscal year.
Total assets
$4.0M
Total liabilities
$10.8M
Net assets
-$6.8M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,269,632▲8.8% | $1,983,337▲3.8% | -$6,770,146▼11.8% | $4,036,456▼6.0% | 990 |
| 2023 | $1,166,788▲8.1% | $1,910,385▲1.1% | -$6,056,441▼14.0% | $4,293,872▼5.2% | 990 |
| 2022 | $1,079,683▼0.3% | $1,889,088▲3.7% | -$5,312,844▼18.0% | $4,530,187▼5.9% | 990 |
| 2021 | $1,082,662▼93.1% | $1,821,919▼92.2% | -$4,503,439▼19.6% | $4,812,959▼5.9% | 990 |
| 2020 | $15,641,825▲965% | $23,481,856▲1175% | -$3,764,182▼192% | $5,113,055▼59.3% | 990 |
| 2019 | $1,468,652▼0.7% | $1,841,773▲5.1% | $4,075,846▼8.4% | $12,549,611▼1.4% | 990 |
| 2018 | $1,479,418▲40.2% | $1,751,783▲8.2% | $4,448,967▼5.8% | $12,730,035▲2.4% | 990 |
| 2017 | $1,055,286▲4.1% | $1,619,232▼8.5% | $4,721,332▼10.7% | $12,434,767▼2.3% | 990 |
| 2016 | $1,013,579▼21.5% | $1,770,175▲21.3% | $5,285,278▼12.5% | $12,732,860▼3.6% | 990 |
| 2015 | $1,291,962▼40.9% | $1,459,553▲4.8% | $6,041,874▼2.7% | $13,208,237▼1.3% | 990 |
| 2014 | $2,186,311▲98.4% | $1,392,449▼4.3% | $6,209,465▲14.7% | $13,385,274▲11.4% | 990 |
| 2013 | $1,102,083 | $1,454,558▲12.9% | $5,415,603▼6.1% | $12,017,424▲5.7% | 990 |
| 2012 | — | $1,287,844 | $5,768,079 | $11,373,315 | 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.
Grants received · $74K total
5 grants to Project H O M E Community Development Corporation totaling $74K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $35,150 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $12,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $12,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2018 | $6,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2016 | $7,800 |
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Frequently asked questions
- Is Project H O M E Community Development Corporation a legitimate nonprofit?
- Yes. Project H O M E Community Development Corporation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-2895377, based in Philadelphia, Pennsylvania. Donations are tax-deductible.
- What is Project H O M E Community Development Corporation's EIN?
- Project H O M E Community Development Corporation's Employer Identification Number (EIN) is 23-2895377.
- How much revenue does Project H O M E Community Development Corporation report?
- Project H O M E Community Development Corporation reported $1,269,632 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Project H O M E Community Development Corporation have?
- CharityIndex grades Project H O M E Community Development Corporation D, based on financial health (reserves and operating margin).
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Data for Project H O M E Community Development Corporation (EIN 23-2895377) 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.