Onondaga Apartments Housing Development Fund Company Inc

Analysis

Onondaga Apartments Housing Development Fund Company Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in March 1978, 48 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 June 2023, Onondaga Apartments Housing Development Fund Company Inc reported income of $878k and spending of $989k, spending 113% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $836k to $878k (+5.1%), an average of +1.7% a year. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Onondaga Apartments Housing Development Fund Company Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Community Development Projects Inc ($878k), Empowering and Strengthening Ohios People ($880k) and Brightland Homes Inc ($878k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $222k. At year end it held assets of $3.0m against liabilities of $1.8m, net assets of $1.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.