Mohawk Valley Community College Dormitory Corp

Analysis

Mohawk Valley Community College Dormitory Corp is a registered charity in United States, based in Utica, NY. It received its IRS tax-exemption ruling in May 1985, 41 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Mohawk Valley Community College Dormitory Corp reported income of $2.6m and spending of $2.4m, spending 92% of its income. Across the 5 years on record, from July 2019 to July 2023, income fell from $2.8m to $2.6m (-6.8%), an average of -1.8% a year. The sharpest change came in the year to July 2022, when income rose by 64%. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mohawk Valley Community College Dormitory Corp sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Keystone Opportunity Center Inc ($2.6m), Coalition for Nonprofit Housing and Economic Development ($2.6m) and Georgia Infirmary Non Profit Housing Corporation ($2.6m).

On its Form 990 for the period ending July 2023, revenue came from program service revenue 95% of the total. Other salaries and wages came to $415k. At year end it held assets of $10.8m against liabilities of $5.9m, net assets of $4.9m. It reported 17 employees.