Rome Mall Housing Development Fund Co Inc

Analysis

Rome Mall Housing Development Fund Co Inc 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 June 2023, Rome Mall Housing Development Fund Co Inc reported income of $535k and spending of $534k, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $505k to $535k (+6.0%), an average of +2.0% a year. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rome Mall Housing Development Fund Co Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Columbus RHF Housing Inc ($535k), Creating Opportunities in Neighborhood Environments Inc ($535k) and Union Baptist Community Housing Co ($535k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $115k (22% of expenses). At year end it held assets of $1.6m against liabilities of $1.5m, net assets of $114k.