Canandaigua Housing Development Fund Company Inc

Analysis

Canandaigua Housing Development Fund Company Inc is a registered charity in United States, based in Canandaigua, NY. It received its IRS tax-exemption ruling in November 1982, 44 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, Canandaigua Housing Development Fund Company Inc reported income of $1.2m and spending of $1.2m, spending 102% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.2m to $1.2m (+1.3%), an average of +0.4% 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, Canandaigua Housing Development Fund Company Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Fairbanks Neighborhood Housing Services Inc ($1.2m), Osprey Village Inc ($1.2m) and Big Bend Habitat for Humanity Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $218k. At year end it held assets of $4.9m against liabilities of $6.6m, net assets of -$1.7m.