Friendship Manor Housing Development Fund Company Inc

Analysis

Friendship Manor Housing Development Fund Company Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in June 1989, 37 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 March 2023, Friendship Manor Housing Development Fund Company Inc reported income of $531k and spending of $524k, spending 99% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $499k to $531k (+6.4%), an average of +1.6% a year. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Friendship Manor Housing Development Fund Company 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 Nysd Forsyth Housing Development Fund Company Inc ($530k), 218-220-222 West 141 Street Housing Corp ($531k) and Holy Redeemer Senior Citizens Facility ($530k).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $96k. At year end it held assets of $1.8m against liabilities of $2.3m, net assets of -$461k. It reported 3 employees.