2025-03-31T15:09:16-05:00 2024-06-30 223271712 MERCADIEN PC PO BOX 7648 PRINCETON NJ 085437648 990 2023-07-01 231664406 PHILADELPHIA HOUSING DEVELOPMENT CORPORA PHIL 2154483000 1234 MARKET STREET 17TH FLOOR PHILADELPHIA PA 19107 APRIL SAMUELS DIRECTOR OF FINANCE 2154483000 2025-03-31 1 1 RAPHAEL J CARLETTI CPA P01747794 6096899700 2025-04-02 2023 2025-03-06 01:10:19Z DAVID THOMAS 1234 MARKET STREET 17TH FLOOR PHILADELPHIA PA 19107 178214146 0 X WWW.PHDCHOUSING.ORG X 1965 PA PROVIDE AFFORDABLE HOUSING AND FINANCIAL ASSISTANCE FOR HOME REPAIRS TARGETED TO LOW INCOME RESIDENTS. 9 9 187 9 0 0 171432155 173633118 0 0 352986 487126 7939048 4093902 179724189 178214146 0 0 0 0 14064086 15518938 0 0 0 146902449 152943941 160966535 168462879 18757654 9751267 160832920 147331024 135201895 121626266 25631025 25704758 PROVIDE AFFORDABLE HOUSING AND FINANCIAL ASSISTANCE FOR HOME REPAIRS TARGETED TO LOW INCOME RESIDENTS. 0 0 139233015 4093902 PROVIDE HOME REPAIR ASSISTANCE TO LOW INCOME HOMEOWNERS. PROVIDE RENTAL ASSISTANCE FOR PEOPLE AFFECTED BY THE PANDEMIC 3153775 PROVIDE WEATHERIZATION REPAIRS/IMPROVEMENT ASSISTANCE TO LOW INCOME HOMEOWNERS. 142386790 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 63 0 187 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X DARREN WILLIAMS DIRECTOR OF FINANC 2154483110 1234 MARKET ST 17TH FLOOR PHILADELPHIA PA 19107 DAVID THOMAS EXECUTIVE VICE PRESIDENT 40.00 X 176996 0 24912 DARREN WILLIAMS DIRECTOR OF FINANCE 40.00 X 147736 0 11244 NICHOLAS JOSEPH DEMA JR VICE PRESIDENT DESIGN & DEVELOPMENT 40.00 X 127798 0 25599 SUSAN VARGHESE DEPUTY GENERAL COUNSEL 40.00 X 139884 0 31765 DONNA L TRENT VICE PRESIDENT HUMAN RESOURCES 40.00 X 127228 0 24912 JOSEPH ZICCARDI CARPENTER SUPERINTENDENT 40.00 X 150772 0 0 ALEX BRADEN GENERAL COUNSEL 40.00 X 165107 0 19303 KEN WEINSTEIN CHAIR 5.00 X X 0 0 0 CATHY CALIFANO VICE CHAIR 1.00 X X 0 0 0 SABRINA MAYNARD TREASURER 1.00 X X 0 0 0 NORA LICHTASH SECRETARY 1.00 X X 0 0 0 VIDHI ANDERSON BOARD MEMBER 1.00 X 0 0 0 JAMES CUORATO BOARD MEMBER 1.00 X 0 0 0 KAREN FEGELY BOARD MEMBER 1.00 X 0 0 0 JACQUELYN LINTON BOARD MEMBER 1.00 X 0 0 0 FRANCIS VARGAS BOARD MEMBER 1.00 X 0 0 0 1035521 0 137735 22 0 1 0 3200 GERMANTOWN ASSOCIATES LP 676 E SWEDEDFORD ROAD WAYNE PA 19087 ROOFING CONTRACTOR 2794179 801 RESIDENCE LP 200 VESEY STREET 24TH FLR NEW YORK NM 10281 CONSTRUCTION CONTRACTOR 2719072 RED LINE CONSTRUCTION LLC 25 S MAIN ST YARDLEY PA 19067 PLUMBING CONTRACTOR 1937969 MC GILLIAN & DONNELLY LLP 3818 SHARP STREET PHILADELPHIA PA 19127 CONSTRUCTION CONTRACTOR 1499582 REAL ESTATE FOR HUMANITY LLC PO BOX 46713 PHILADELPHIA PA 19129 CONSTRUCTION CONTRACTOR 1452982 38 173633118 173633118 487126 487126 OTHER 812900 3801116 3801116 LAND BANK SUBSIDY 812900 292786 292786 4093902 178214146 4093902 0 487126 X 416743 320892 95851 9004904 6933776 2071128 2816851 2168975 647876 2585396 1990755 594641 695044 535184 159860 781823 602004 179819 272770 210033 62737 92744360 71413158 21331202 38922 29970 8952 910965 701443 209522 187875 144664 43211 31997 24638 7359 56 43 13 410444 316042 94402 1327584 1022240 305344 969206 746289 222917 HOUSING CONSTRUCTION 55088568 55088568 OTHER 179371 138116 41255 168462879 142386790 26076089 0 52749673 55129745 49568931 20300633 34222148 46827644 97268 97268 921671 1610728 18255002 6618040 12628139 11636962 10645090 11728044 160832920 147331024 30231193 27142309 60532047 50197707 44438655 44286250 135201895 121626266 X -17702532 -15810698 43333557 41515456 25631025 25704758 160832920 147331024 9751267 -9677534 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16543855 5364981 11178874 1318883 865477 453406 392264 387582 4682 11636962 DEFERRED PENSION EXPENSE 10717823 OTHER POST EMPLOYEE BENEFITS 1010221 11728044 NET PENSION LIABILITY 18792563 NET OTHER POST EMPLOYMENT BENEFITS LIABILITY 6130180 PENSION DEFERRED INFLOW 676947 ADVANCES PAYABLE 5374538 OTHER POST-EMPLOYEE BENEFITS 1320341 LEASE LIABILITY 11991681 44286250 178214146 0 178214146 0 178214146 168462879 0 168462879 0 168462879 X 0 0 0 0 0 0 0 0 0 DAVID THOMAS EXECUTIVE VICE PRESIDENT 176996 0 0 0 0 0 0 0 24912 0 201908 0 0 0 NICHOLAS JOSEPH DEMA JR VICE PRESIDENT DESIGN & DEVELOPMENT 127798 0 0 0 0 0 0 0 25599 0 153397 0 0 0 SUSAN VARGHESE DEPUTY GENERAL COUNSEL 139884 0 0 0 0 0 0 0 31765 0 171649 0 0 0 DONNA L TRENT VICE PRESIDENT HUMAN RESOURCES 127228 0 0 0 0 0 0 0 24912 0 152140 0 0 0 DARREN WILLIAMS DIRECTOR OF FINANCE 147736 0 0 0 0 0 0 0 11244 0 158980 0 0 0 JOSEPH ZICCARDI CARPENTER SUPERINTENDENT 150772 0 0 0 0 0 0 0 0 0 150772 0 0 0 ALEX BRADEN GENERAL COUNSEL 165107 0 0 0 0 0 0 0 19303 0 184410 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE INFORMATION REPORTED ON THIS RETURN IS BASED ON THE ANNUAL AUDITED FINANCIAL STATEMENTS, WHICH ARE AUDITED BY AN INDEPENDENT PUBLIC ACCOUNTING FIRM. THE 990 RETURN IS PREPARED BY THE SAME ACCOUNTING FIRM AND IS REVIEWED BY THE DIRECTOR OF FINANCE AND THE DHDC (DIVISION OF HOUSING AND COMMUNITY DEVELOPMENT) FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST FORM IS REQUIRED TO BE COMPLETED BY EVERY EMPLOYEE, OFFICER AND BOARD MEMBER OF PHDC ANNUALLY. EACH PERSON IS RESPONSIBLE FOR DISCLOSING ANY CONFLICT(S) OF INTEREST. EACH INDIVIDUAL MATTER AND/OR POTENTIAL CONFLICT IS DISCUSSED WITH LEGAL COUNSEL AND IF NECESSARY WITH THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD). FORM 990, PART VI, SECTION B, LINE 15 THE CEO/ED'S POSITION IS APPOINTED BY THE MAYOR AND THE MAYOR SETS THE SALARY FOR THE POSITION. THERE IS ALSO AN INDEPENDENT CITY EMPLOYEE THAT OVERSEES ALL CITY HOUSING AGENCIES. THIS INDIVIDUAL REVIEWS THE COMPENSATION OF OFFICERS AND KEY EMPLOYEES ACROSS ALL THE CITY HOUSING AGENCIES TO ENSURE THEY ARE COMPARABLE BETWEEN EACH AGENCY. FORM 990, PART VI, SECTION C, LINE 19 PHDC'S GOVERNING DOUMENTS AND CONFLICTS OF INTEREST POLICY ARE BOTH AVAILABLE UPON REQUEST. THE ANNUAL AUDITED FINANCIAL STATEMENTS ARE ALSO AVAILABLE UPON REQUEST. THE ANNUAL REPORT IS POSTED ON PHDC'S WEBSITE AND THE CITY OF PHILADELPHIA'S WEBSITE WHICH INCLUDED DETAILED OPERATING AND FINANCIAL INFORMATION. FORM 990, PART IX, LINE 11G PAYROLL FEES: PROGRAM SERVICE EXPENSES 27,367. MANAGEMENT AND GENERAL EXPENSES 8,174. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 35,541. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 71,385,791. MANAGEMENT AND GENERAL EXPENSES 21,323,028. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 92,708,819. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.