Loretto Obrien Road Housing Development Fund Company Inc

Analysis

Loretto Obrien Road Housing Development Fund Company Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in July 2014, 12 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 March 2023, Loretto Obrien Road Housing Development Fund Company Inc reported income of $242k and spending of $372k, spending 153% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income grew from $232k to $242k (+4.6%), an average of +1.5% a year. Over the whole period it spent 145% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Loretto Obrien Road Housing Development Fund Company Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Guest House Inc ($242k), Madison Street Housing Development Fund Corporation ($242k) and NWC Corporation ($242k).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $39k. At year end it held assets of $2.8m against liabilities of $41k, net assets of $2.8m.

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.