WEST PHILADELPHIA FINANCIAL SERVICES INSTITUTION

Philadelphia, PA | Philadelphia County
Revitalization/Stabilization

Overview

WEST PHILADELPHIA FINANCIAL SERVICES INSTITUTION
23-2855262
5200 WARREN ST
Philadelphia, PA 19131
Philadelphia County
(215) 452-0100

Mission Statement info

WPFSI MISSION IS TO FACILITATE ECONOMIC EMPOWERMENT AND INCREASED EMPLOYMENT OPPORTUNITIES WITHIN THE WEST PHILADELPHIA EMPOWERMENT ZONE.

Founded info
1996
Total Employees info
21
Total Volunteers info
19
CRA Category info
  • Revitalization/Stabilization
Nonprofit location info
  • LMI Census Tract
  • Majority Minority Census Tract
  • Opportunity Zone
Awards & Certifications info
  • CDFI Organization
  • CDFI Award Recipient
Nonprofit Classification (NTEE Code) info
L80

L - Housing, Shelter

Housing Support

Organizations that provide supportive services which help people obtain and remain in suitable housing. Use this code for organizations that provide multiple supportive services or for supportive services specified below.

IRS Activity Codes info
-
Not reported
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
624229
Other Community Housing Services

CRA Alignment

CRA Category info
Revitalization/Stabilization
Community and economic development in distressed, underserved or disadvantaged areas.
CRA Certification info
Has not applied.
Awards & Certifications info
Community Development Financial Institution info
Date Certified info
Not Available
Native American CDFI info
N
Financial Institution Type info
Loan Fund
Community Development Financial Institution Award Recipient info
Most Recent CDFI Award info
2000
$50,000
CDFI Technical Assistance
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$622.5K
Revenue
$611.3K
Assets
$6.3M
Exempt Ruling Date info
1999-03
Deductibility Status info
Deductible
Tax Filing Year info
2018
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
States Where Tax Return is Filed info
Not reported
Basis for Foundation/Public Charity Status info
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
IRS Reported Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

Nonprofit Location

Physical Address info
5200 WARREN ST
Philadelphia, PA 19131
Philadelphia County
FIPS Geocoded Address info
37980
MSA/CBSA info
42
State info
101
County info
0111.00
Tract info
Moderate
Income Level info
Core-Based Statistical Area info
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Combined Statistical Area info
Philadelphia-Reading-Camden, PA-NJ-DE-MD
Metropolitan Division info
Philadelphia, PA
Area Type info
Metropolitan Statistical Area
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 94.49%
Designated Distressed Census Tract info
Underserved Census Tract info

Market Data

Census Tract County
0111.00 Philadelphia County
Population
Total Population 3,264 1,579,075
Total Households 1,293 601,337
Income
Median Family Income (Census*) $30,603 $45,927
Median Family Income (2019 FFIEC) $62,800 N/A
Tract Income Percentage 54.25% N/A
Below Poverty Level 49.1% 24.3%
Unemployment Level 24.4% 9.2%
Housing
Total Housing Units 1,786 685,956
Total Owner-Occupied Units 32.3% 53%
Total Renter-Occupied Units 40.1% 47%
Total Vacant Units 27.6% 8%
* Census tract income based on 2019 Census estimated data; County income based on 2019 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

11
Total Voting Members
in Governing Body
info
11
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
James R Burnett
Executive Director
(215) 452-0100
Principal Officer info
James Burnett
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Wistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.

This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit www.learncra.com.