1260 Funding Corporation in Philadelphia, Pennsylvania (PA)

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1260 Funding Corporation
Employer Identification Number (EIN)232861061
Name of Organization1260 Funding Corporation
In Care of NameController Of 1260 Hdc
Address2042-48 Arch Street 2nd Floor, Philadelphia, PA 19103
ActivitiesDescribed in section 509(a)(2) of the Code, Low income housing
SubsectionCharitable Organization
Ruling Date02/1997
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2012
Assets$10,000 to $24,999
Income$0
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$7,078
Amount of Income$1
Form 990 Revenue Amount$0
National Taxonomy of Exempt Entities (NTEE)Housing, Shelter: Housing Development, Construction, Management


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Amount of income in 2012: $1 (it was $0 in 2011)
This organization: 

 $1
Other organizations performing similar types of work: 

 $335,144

Assets in 2012: $7,078 (it was $7,678 in 2011)
1260 Funding Corporation: 

 $7,078
Other organizations performing similar types of work: 

 $1,134,092

Financial snapshot ($)

Analysis of Revenue and Expenses (for 2011)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$0$0$0
Total expenses and disbursements$-1,000$0$0$0
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$-1,000$0$0
Contributions, gifts, grants paid$0
Excess of revenue over expenses and disbursements$1,000
Net investment income$0
Adjusted net income$0
Balance Sheets (for 2011)
Book ValueFair Market Value
Total assets$7,678$7,678
Cash - non-interest-bearing$0
Investments-U.S. and state government obligations$0
Investments-corporate stock$0
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$0
Other$7,678
Total liabilities$16,550
Mortgages and other notes payable$0
Other$16,550
Total liabilities and net assets/fund balances$-8,872
Capital Gains and Losses for Tax on Investment Income (for 2011)
Capital gain net income$0
Net capital loss$0
Excise Tax Based on Investment Income (for 2011)
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$0
Total credits and payments$0
Any penalty for underpayment of estimated tax$0
Tax due$0
Amount to be credited to 2012 estimated tax$0
Statements Regarding Activities (for 2011)
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?No
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011?No
Statements Regarding Activities for Which Form 4720 May Be Required (for 2011)
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?No
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?No
Agree to pay money or property to a government official?No
At the end of tax year 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011?No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?No
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?No
Provide a grant to an individual for travel, study, or other similar purposes?No
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?No
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?No
Minimum Investment Return (for 2011)
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$0
Net value of noncharitable-use assets$0
Minimum investment return$0
Distributable Amount (for 2011)
Distributable amount$0
Undistributed Income (for 2011)
Distributable amount for 2011$0
Undistributed income for 2011. This amount must be distributed in 2012$0
Private Operating Foundations (for 2011)
2011201020092008Total
The lesser of the adjusted net income or the minimum investment return$0$0$0$0$0
Qualifying distributions made directly for active conduct of exempt activities$0$0$0$0$0
Value of all assets$0$0$0$0$0
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$0$0$0$0$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Jefferson County Assisted Housing Corp500 Office Park Dr Ste 300, Mountain Brk, AL 35223-2436AL1990-02$469,131,007
2Presbyterian College503 S Broad St, Clinton, SC 29325-2865SC1944-01$68,191,198
3West Side Federation For Senior Housing Inc2345 Broadway 2nd Fl, New York, NY 10024-3213NY1978-03$27,635,517
4Hope Network, Alternative Community Living Inc70 Lafayette St, Pontiac, MI 48342-2033MI1987-04$23,071,987
5Ahc Inc2230 Fairfax Dr Apt 300, Arlington, VA 22201-6618VA1976-08$15,383,324
6Self Help Enterprises8445 W Elowin Ct, Visalia, CA 93291-9262CA1965-04$13,513,804
7Foundation Communities Inc3036 S 1st Street 200, Austin, TX 78704-6352TX1990-05$12,737,792
8Habitat For Humanity International Inc, New York City Hfh111 John St Fl 23, New York, NY 10038-3109NY1987-01$12,081,898
9Habitat For Humanity International Inc, Greater Des Moines HfhPO BOX 716, Des Moines, IA 50303-0716IA1986-09$11,854,651
10Community Renaissance Alliance Inc5501 Old York Rd Hackenburg Bldg 5t, Philadelphia, PA 19141-3018PA1997-12$507,032
11Community Action Agency Of Delaware County Inc2nd And Orange Streets, Media, PA 19063PA1981-02$11,281,289
12Habitat For Humanity International Inc, Philadelphia Inc Hfh1829 N 19th St, Philadelphia, PA 19121-2205PA1987-01$3,237,560
13Housing And Neighborhood Development Service7 E 7th St, Erie, PA 16501-1105PA1969-02$2,903,807
14Overmont Corp, Overmont House4001 Monument Road, Philadelphia, PA 19131-1623PA1975-01$2,508,390
15Habitat For Humanity International Inc, Bucks Co Inc Hfh Of31 Oak Ave Ste 100, Chalfont, PA 18914-2812PA1987-01$2,128,617
16Cobbs Creek Housing Services IncGovernment Center 201 W Front St, Media, PA 19063PA1994-02$1,975,005
17Housing Development Corporation Of163 Amber Ln, Wilkes Barre, PA 18702-6545PA1989-12$1,904,799
18Jaycee-Hdc Inc439 E King St, Lancaster, PA 17602-3004PA1975-05$1,487,775
19Habitat For Humanity International Inc, Lehigh Valley245 N Graham St, Allentown, PA 18109-2191PA1987-01$1,420,597
20Philadelphia Presbytery Apartments Of Morrisville Inc2000 Joshua Rd, Lafayette Hl, PA 19444-2430PA1986-07$1,350,889
21Habitat For Humanity International Inc, Mongomery County Inc Habitat For Hu533 Foundry Rd, Norristown, PA 19403-3901PA1987-01$989,096
22Opportunities For The Aging Housing Corporation Iii5524-60 Haverford Avenue, Philadelphia, PA 19139-1458PA1971-05$886,675
23Better Homes Inc2605 Durham Rd, Bristol, PA 19007-6925PA1979-12$724,272
24Habitat For Humanity International Inc, Washington County54 W Wheeling St, Washington, PA 15301-6918PA1987-01$685,869
25Habitat For Humanity International Inc, Hfh Of Gtr Harrisburg Area900 S Arlington Ave Suite 131a, Harrisburg, PA 17109-5027PA1987-01$654,370
26Germaine Harbor Inc100 Germaine Lane, Bethel Park, PA 15102-3055PA1990-05$603,293
27Country Manor Inc Of DuncansvillePO BOX 592, Altoona, PA 16603-0592PA1998-07$593,363
28Philadelphia Presbytery Apartments Inc2000 Joshua Rd, Lafayette Hl, PA 19444-2430PA1978-12$523,750
29Northumberland Borough Housing Corporation65 Queen Street, Northumberland, PA 17857-1933PA1984-09$456,332
30Goodwill Villa Inc118 52nd St, Pittsburgh, PA 15201-2593PA1993-02$363,688
Number of organizations performing similar types of work
Alaska3
Alabama26
Arkansas24
Arizona22
California196
Colorado35
Connecticut24
District of Columbia19
Delaware3
Florida83
Georgia43
Hawaii12
Iowa17
Idaho3
Illinois81
Indiana43
Kansas14
Kentucky57
Louisiana26
Massachusetts81
Maryland44
Maine14
Michigan71
Minnesota47
Missouri35
Mississippi13
Montana4
North Carolina87
North Dakota3
Nebraska26
New Hampshire10
New Jersey59
New Mexico9
Nevada3
New York183
Ohio113
Oklahoma15
Oregon11
Pennsylvania106
Rhode Island14
South Carolina36
South Dakota10
Tennessee37
Texas113
Utah6
Virginia49
Vermont10
Washington28
Wisconsin42
West Virginia10
Wyoming3
International6
Total2,029

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