Cicero Commons Senior Housing Development Fund Company Inc

Analysis

Cicero Commons Senior Housing Development Fund Company Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in March 2005, 21 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, Cicero Commons Senior Housing Development Fund Company Inc reported income of $209k and spending of $270k, spending 129% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $196k to $209k (+6.6%), an average of +2.2% a year. The sharpest change came in the year to June 2021, when income rose by 60%. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cicero Commons Senior Housing Development Fund Company Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include Ennead ($209k), Mac Housing Development Fund Company Inc ($209k) and Jubilee Senior Homes Inc ($209k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $51k. At year end it held assets of $1.4m against liabilities of $25k, net assets of $1.4m.