Rochester Housing Development Fund Corporation

Analysis

Rochester Housing Development Fund Corporation is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in March 2002, 24 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 2024, Rochester Housing Development Fund Corporation reported income of $2.5m and spending of $2.5m, spending 100% of its income. Across the 5 years on record, from March 2020 to March 2024, income fell from $2.9m to $2.5m (-13%), an average of -3.5% a year. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rochester Housing Development Fund Corporation sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Wheda Foundation Inc ($2.5m), BCC Housing Development Corporation ($2.5m) and Bryant Park Management Corp ($2.5m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 7.7% and program service revenue 84% of the total. Other salaries and wages came to $213k. At year end it held assets of $6.7m against liabilities of $6.6m, net assets of $98k. It reported 2 employees.