Redemption Housing Inc

Nonprofit profile at a glance

EIN
812811516
IRS 990-EZ coverage
2021–2025
Forms available
Form 990-EZ 2025, Form 990-N 2019
Location
Philadelphia, PA, USA
Phone
2679086850
Rating
62
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Housing Development, Construction, Management

Official website

Reported finances

Revenue
$175,787
Expenses
$102,129
Assets
$367,410
Liabilities
$166,904

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • Lori Banfield (Executive Director)
  • Scott Buchanan (President/Secretary)

People named in this filing

  • Lori Banfield (Executive Director)
  • Timothy Johnson (Treasurer)
  • Scott Buchanan (President/Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Provide safe, stable, structured and sober living arrangements to Philadelphians coming out of incarceration. We provide safe space where they can connect with social services, find employment and locate long-term housing.

What it reported doing in 2025

Provide safe, stable, structured, and sober living arrangements to Philadelphians coming out of incarceration. We provide safe space where they can connect with social services, find employment and locate long-term housing. In 2025 we served 9 individuals.

Operating model

Revenue model
Donor-supported. 93% of the money available for current operations came from contributions and gifts.
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

SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 27
  • Transparency & Controls: 100
  • Sustainability: 72
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 20.8%; rating input score 21
  • Program expense ratio: 35.9%; rating input score 36

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 41.9%; rating input score 89; 89th percentile among comparable filings
  • Total-asset coverage ratio: 3.6; rating input score 92; 92nd percentile among comparable filings
  • Liabilities to assets ratio: 0.45; rating input score 10; 10th percentile among comparable filings
  • Officer compensation ratio: 16.5%; rating input score 19; 19th percentile among comparable filings

Growth

  • Program expense growth: 7.9% per year; rating input score 100; 53rd percentile among comparable filings
  • Revenue growth: 21.7% per year; rating input score 100; 84th percentile among comparable filings
  • Asset growth: 11.1% per year; rating input score 100; 62nd percentile among comparable filings

Details

  • Where the money goes: 20.8% of revenue deployed · 35.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $37K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 5 filing years from 2021 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • 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.

  • High — Financial Efficiency: Mission deployment rate scored 21/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 36/100.
  • High — Sustainability: Liabilities to assets ratio scored 10/100.
  • High — Sustainability: Officer compensation ratio scored 19/100.