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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Housing & Shelter 1260 Housing Development Corporation

1260 Housing Development Corporation

Fiscal year ending 2024. Filed on May 12, 2025.

2042-48 Arch Street 2nd Floor
Philadelphia, Pennsylvania 19103

1260 Housing Development Corporation (EIN: 23-2536730) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, 1260 Housing Development Corporation, a 501(c)(3) charitable organization, reported compensation for 4 employees. Among the employees shown here, the average compensation is $250,866. The highest compensated employee at 1260 Housing Development Corporation is Thomas Ak Queenan with fiscal year 2024 compensation of $329,089.

Revenue, expenses, and employee compensation

Revenue

$19,765,476

Expenses

$16,311,468

Employee compensation

$0
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Thomas Ak Queenan
President and Chief Executive Officer
$329,089
$318,971 No related comp$10,118
Robert H Kwait
Vice President and Assistant Secretary
$242,284
$213,447 No related comp$28,837
Mark Deitcher
Vice President and Assistant Treasurer
$221,967
$193,577 No related comp$28,390
Chip Darling
Vice President and Chief Operating Officer
$210,122
$182,087 No related comp$28,035

Benchmark Employee Compensation

Non-Employee Board Members

No board members were reported during this fiscal year.

Contractors

James Walsh
Rent
$459,574
John Muhammad
Rent
$452,840
Ucity Properties LLC
Rent
$438,790
Rcms Properties LLC
Rent
$404,784
Bradham Properties LLC
Rent
$278,502

Mission Statement

1260 HOUSING DEVELOPMENT CORPORATION IS A NOT-FOR-PROFIT CORPORATION ESTABLISHED FOR THE PURPOSE OF DEVELOPING, ACQUIRING, FINANCING, AND MANAGING LOW-INCOME PERMANENT HOUSING FOR INDIVIDUALS WITH BEHAVIORAL HEALTH ISSUES, AS WELL AS INDIVIDUALS IN NEED OF TRANSITIONAL AND EMERGENCY HOUSING IN THE CITY OF PHILADELPHIA, PENNSYLVANIA.

Revisions to this organization profile

May 12, 2025:
2024 1260 Housing Development Corporation 990 filed
May 15, 2024:
2023 1260 Housing Development Corporation 990 filed
May 11, 2023:
2022 1260 Housing Development Corporation 990 filed

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