Park Way Commons Housing Development Fund Company Inc

Analysis

Park Way Commons Housing Development Fund Company Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in November 1991, 35 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 December 2023, Park Way Commons Housing Development Fund Company Inc reported income of $342k and spending of $448k, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $365k to $342k (-6.2%), an average of -1.6% a year. Over the whole period it spent 111% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Park Way Commons Housing Development Fund Company Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Fish of Albany Incorporated ($342k), Greater Hope Community Development Organization Inc ($343k) and Greeley Senior Housing Corporation ($342k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 93% of the total. Other salaries and wages came to $51k. At year end it held assets of $1.4m against liabilities of $2.5m, net assets of -$1.1m. It reported 3 employees.

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.