Housing Opportunities Housing Development Fund Corporation

Analysis

Housing Opportunities Housing Development Fund Corporation is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in July 1992, 34 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Housing Opportunities Housing Development Fund Corporation reported income of $282k and spending of $502k, spending 178% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $260k to $282k (+8.4%), an average of +2.0% a year. The sharpest change came in the year to September 2020, when income rose by 97%. Over the whole period it spent 142% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Opportunities Housing Development Fund Corporation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include Trinity Homes for Elderly Inc ($282k), Aster Inc ($282k) and Wilson County Casa Inc ($281k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $1.5m against liabilities of $2.9m, net assets of -$1.4m.

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.