Forward Housing Corporation
Nonprofit profile at a glance
- EIN
- 251337059
- IRS 990 coverage
- 2010–2025
- Forms available
- Form 990 2025
- Location
- Pittsburgh, PA, USA
- Phone
- 4125213065
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Senior Citizens' Housing/Retirement Communities
Reported finances
- Revenue
- $1,893,551
- Expenses
- $1,172,209
- Assets
- $5,670,508
- Liabilities
- $91,761
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- Nicholas Picarsic (Director and President)
People named in this filing
- Harold Caplan (Director)
- Terry Lerman (Director and Treasurer)
- Yana Warshafsky (Director (Resigned July 2025))
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide HUD subsidized affordable housing with supportive services for low income seniors who meet the income eligibility requirements of the HUD 202 Section 8 program. SeniorCare Network manages this community and provides or assists in the provision of services to meet individual resident needs. Typically, even though this community is a supportive housing facility, between 50-70% of our residents are considered frail or at risk. To address these issues and the needs of those residing in this community, we employ a Service Coordinator to work with each resident as appropriate. The Service Coordinator assesses the needs of each resident and makes referrals to appropriate resources, such as families, senior centers, churches and other community groups.
What it reported doing in 2025
The community provides affordable supportive housing for seniors who meet the income eligibility requirements of the HUD 202 Section 8 program. 100% of the approximate 115 residents served daily meet these guidelines. The three most common areas where residents need assistance are transportation, housekeeping, and meals. Other services include social service coordination and other supportive and preventative programs to assist residents to age with choice, such as medication management, bathing, and IDL support. In addition, there is also a focus on prevention through education, health screenings, and wellness and activity programs to support the health of the community.
Operating model
- Revenue model
- Grant-funded. 72% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 63
- Transparency & Controls: 90
- Accountability: 100
- Sustainability: 81
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 59%; rating input score 59
- Program expense ratio: 92.2%; rating input score 92
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 7 of 7 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 38.1%; rating input score 86; 86th percentile among comparable filings
- Total-asset coverage ratio: 4.84; rating input score 84; 84th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 55; 55th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 78; 78th percentile among comparable filings
Growth
- Program expense growth: 1.2% per year; rating input score 100; 19th percentile among comparable filings
- Revenue growth: 3.7% per year; rating input score 100; 30th percentile among comparable filings
- Asset growth: 3.4% per year; rating input score 100; 28th percentile among comparable filings
Details
- Where the money goes: 59% of revenue deployed · 92.2% of spending went to programs
- Governance: 15 of 15 board members independent · 7 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $1.1M in reported program spending
- Leadership: top reported pay $0 · 16 people listed
- Consistency: 32 of 32 current checks pass
- Schedules: 3 filed schedules
- Filing history: 11 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 59/100.
- Review — Sustainability: Liabilities to assets ratio scored 55/100.