Cortland Housing Assistance Council Inc

Analysis

Cortland Housing Assistance Council Inc is a registered charity in United States, based in Cortland, NY. It received its IRS tax-exemption ruling in April 1981, 45 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 June 2023, Cortland Housing Assistance Council Inc reported income of $536k and spending of $458k, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $633k to $536k (-15%), an average of -4.1% a year. The sharpest change came in the year to June 2022, when income dropped by 17%. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cortland Housing Assistance Council Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Local Community Housing Corporation ($536k), Loveland RHF Housing Inc ($536k) and Habitat for Humanity International Inc ($536k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 56% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $50k (11% of expenses). Other salaries and wages came to $117k. At year end it held assets of $774k against liabilities of $3.3m, net assets of -$2.6m. It reported 5 employees.