Onondaga County Housing Development Fund Company
Onondaga County Housing Development Fund Company consistently balances revenue and expenses with no reported officer compensation.
EIN: 161434280 · Syracuse, NY · NTEE: L110 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.3M |
| Total Expenses | $1.3M |
| Program Spending | 90% |
| Net Assets | $0 |
| Transparency Score | 85/100 |
Is Onondaga County Housing Development Fund Company Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Onondaga County Housing Development Fund Company directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Onondaga County Housing Development Fund Company
Onondaga County Housing Development Fund Company (EIN: 161434280) is a nonprofit organization based in Syracuse, NY, classified under NTEE code L110. The organization reported total revenue of $3.3M and total assets of $629K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Onondaga County Housing Development Fund Company's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Onondaga County Housing Development Fund Company is a mid-size nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.3M |
| Surplus / Deficit | +$0 |
| Total Assets | $1.7M |
| Total Liabilities | $1.7M |
| Net Assets | $0 |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 100.0% |
| Months of Reserves | 15.4 months |
Financial Health Grade: B
In 2023, Onondaga County Housing Development Fund Company reported a surplus of $0 with revenue exceeding expenses, holds 15.4 months of operating reserves (strong position), has a debt-to-asset ratio of 100.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Onondaga County Housing Development Fund Company's revenue has declined at a compound annual growth rate (CAGR) of -0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +820.8% | +820.8% | +28.3% |
| 2022 | -82.1% | -82.1% | +247.7% |
| 2021 | -28.3% | -28.3% | -54.5% |
| 2020 | +22.8% | +22.8% | -28.8% |
| 2019 | +167.0% | +167.0% | +106.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Onondaga County Housing Development Fund Company with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Onondaga County Housing Development Fund Company allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $0, with revenue exceeding expenses.
- Debt-to-asset ratio: 100.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid, compensated by a related entity, or that the organization's structure does not involve direct compensation for its officers through these filings. This significantly contributes to a high program spending ratio.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Onondaga County Housing Development Fund Company's IRS 990 filings:
- Lack of detailed functional expense breakdown makes full efficiency assessment difficult
- Consistent matching of assets and liabilities suggests limited unrestricted net assets for future growth or reserves
Strengths
The following positive indicators were identified for Onondaga County Housing Development Fund Company:
- Consistent balancing of revenues and expenses across all periods
- No reported officer compensation, indicating high efficiency in executive costs
- Long filing history (13 filings) demonstrates sustained operation and compliance
- Significant revenue growth in the latest period ($3,319,685) compared to previous years
Frequently Asked Questions about Onondaga County Housing Development Fund Company
Is Onondaga County Housing Development Fund Company a legitimate charity?
Based on AI analysis of IRS 990 filings, Onondaga County Housing Development Fund Company (EIN: 161434280) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Onondaga County Housing Development Fund Company spend its money?
Onondaga County Housing Development Fund Company directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Onondaga County Housing Development Fund Company tax-deductible?
Onondaga County Housing Development Fund Company is registered as a tax-exempt nonprofit (EIN: 161434280). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Onondaga County Housing Development Fund Company compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Onondaga County Housing Development Fund Company is above average for NTEE category L110 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Onondaga County Housing Development Fund Company located?
Onondaga County Housing Development Fund Company is headquartered in Syracuse, New York and files with the IRS under EIN 161434280. It is classified under NTEE code L110.
How many years of IRS 990 filings does Onondaga County Housing Development Fund Company have?
Onondaga County Housing Development Fund Company has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.3M in total revenue.
Is Onondaga County Housing Development Fund Company a good charity?
Based on the available IRS 990 data, the organization appears to be financially sound, consistently balancing its revenues and expenses. The absence of reported officer compensation suggests a highly efficient use of funds, likely directing a significant portion towards its housing development mission. However, without detailed functional expense breakdowns, a complete assessment of 'goodness' is limited.
How does the organization manage its assets and liabilities?
The organization consistently reports matching assets and liabilities across all periods (e.g., $1,668,833 in both for 2023). This indicates a financial model where assets are largely offset by corresponding liabilities, common for housing development funds that manage project-specific funds or borrowed capital.
What is the trend in the organization's revenue?
The organization's revenue has shown significant fluctuations, from $141,506 in 2022 to $1,303,031 in 2023, and a latest reported revenue of $3,319,685. This suggests a project-based funding model rather than a steady stream of income.
Filing History
IRS 990 filing history for Onondaga County Housing Development Fund Company showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Onondaga County Housing Development Fund Company's revenue has declined by 10%, moving from $1.4M to $1.3M. Total assets increased by 150.1% over the same period, from $667K to $1.7M. Total functional expenses fell by 10%, from $1.4M to $1.3M. In its most recent filing year (2023), Onondaga County Housing Development Fund Company reported a surplus of $0, with revenue exceeding expenses. The organization holds $1.7M in liabilities against $1.7M in assets (debt-to-asset ratio: 100.0%), resulting in net assets of $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.3M | $1.7M | $1.7M | — | — |
| 2022 | $142K | $142K | $1.3M | $1.3M | — | View 990 |
| 2021 | $790K | $790K | $374K | $374K | — | — |
| 2020 | $1.1M | $1.1M | $821K | $821K | — | — |
| 2019 | $897K | $897K | $1.2M | $1.2M | — | View 990 |
| 2018 | $336K | $336K | $559K | $559K | — | View 990 |
| 2017 | $733K | $733K | $315K | $315K | — | — |
| 2016 | $861K | $861K | $650K | $650K | — | View 990 |
| 2015 | $1.1M | $1.1M | $637K | $637K | — | View 990 |
| 2014 | $703K | $703K | $891K | $891K | — | View 990 |
| 2013 | $728K | $728K | $550K | $550K | — | View 990 |
| 2012 | $811K | $811K | $431K | $431K | — | View 990 |
| 2011 | $1.4M | $1.4M | $667K | $667K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $1.3M, and assets of $1.7M (revenue +820.8% year-over-year).
- 2022: Revenue of $142K, expenses of $142K, and assets of $1.3M (revenue -82.1% year-over-year).
- 2021: Revenue of $790K, expenses of $790K, and assets of $374K (revenue -28.3% year-over-year).
- 2020: Revenue of $1.1M, expenses of $1.1M, and assets of $821K (revenue +22.8% year-over-year).
- 2019: Revenue of $897K, expenses of $897K, and assets of $1.2M (revenue +167.0% year-over-year).
- 2018: Revenue of $336K, expenses of $336K, and assets of $559K (revenue -54.2% year-over-year).
- 2017: Revenue of $733K, expenses of $733K, and assets of $315K (revenue -14.9% year-over-year).
- 2016: Revenue of $861K, expenses of $861K, and assets of $650K (revenue -18.8% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.1M, and assets of $637K (revenue +50.9% year-over-year).
- 2014: Revenue of $703K, expenses of $703K, and assets of $891K (revenue -3.4% year-over-year).
- 2013: Revenue of $728K, expenses of $728K, and assets of $550K (revenue -10.3% year-over-year).
- 2012: Revenue of $811K, expenses of $811K, and assets of $431K (revenue -44.0% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.4M, and assets of $667K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Onondaga County Housing Development Fund Company:
Data Sources and Methodology
This transparency report for Onondaga County Housing Development Fund Company is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.