Riverview Avenue Apartments Housing Development Fund Company Inc

Analysis

Riverview Avenue Apartments Housing Development Fund Company Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in July 2016, 10 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, Riverview Avenue Apartments Housing Development Fund Company Inc reported income of $310k and spending of $165k, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $305k to $310k (+1.9%), an average of +0.5% a year. Over the whole period it spent 57% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Riverview Avenue Apartments Housing Development Fund Company Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include Ridge Oak III Inc ($310k), 3rd and Goal Foundation ($311k) and River Grove Retirement Community Inc ($310k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% of the total. At year end it held assets of $3.9m against liabilities of $3.2m, net assets of $783k.