Fernclif Housing Development Fund Company Inc

Analysis

Fernclif Housing Development Fund Company Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in December 1992, 34 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 December 2023, Fernclif Housing Development Fund Company Inc reported income of $163k and spending of $192k, spending 118% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $178k to $163k (-8.3%), an average of -2.8% a year. Over the whole period it spent 107% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Fernclif Housing Development Fund Company Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NY. Charities of a similar size with the same main cause include Concord Housing Development Corp ($163k), Mesa Supportive Housing Inc ($163k) and Elderwood Inc ($163k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 95% of the total. At year end it held assets of $487k against liabilities of $37k, net assets of $451k.