Upper South Street Housing Development Fund Company Inc

Analysis

Upper South Street Housing Development Fund Company Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in May 1983, 43 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Upper South Street Housing Development Fund Company Inc reported income of $363k and spending of $296k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $329k to $363k (+10%), an average of +2.5% a year. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Upper South Street Housing Development Fund Company Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Meadows Housing Corporation ($363k), Centennial Square ($363k) and Grand Ravine Senior Housing Inc ($363k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $52k. At year end it held assets of $826k against liabilities of $1.2m, net assets of -$422k.