Hawley Winton Housing Dev FND Co Walter Ludovico Apartments

Analysis

Hawley Winton Housing Dev FND Co Walter Ludovico Apartments is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in March 1946, 80 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 September 2023, Hawley Winton Housing Dev FND Co Walter Ludovico Apartments reported income of $355k and spending of $371k, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $335k to $355k (+6.2%), an average of +1.5% a year. Over the whole period it spent 113% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hawley Winton Housing Dev FND Co Walter Ludovico Apartments 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 Beyond 90 Inc ($355k), Southeast Affordable Housing Corporation ($355k) and Christian Village of Eastern Virginia Inc ($355k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $36k. At year end it held assets of $1.0m against liabilities of $1.1m, net assets of -$93k.

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.