OSWEGO HOUSING DEVELOPMENT COUNCIL… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1979

Legal Domicile

Principal Officer

MARION NARAMORE

Phone

3156254520

Tax Period

2023-07-01 to 2024-06-30

OSWEGO HOUSING DEVELOPMENT COUNCIL INC, founded in 1979, is a small nonprofit in the Housing & Shelter sector that reported $526K in total revenue in fiscal year 2023. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $295K, a strong 56% operating margin.

Mission

TO PROVIDE HOUSING ASSISTANCE TO LOW TO MODERATE INCOME INDIVIDUALS IN OSWEGO COUNTY

Program Service Accomplishments

Program 1

Expenses: $185,692 Revenue: $36,969

HOUSING ASSISTANCE TO LOW TO MODERATE INCOME INDIVIDUALS IN OSWEGO COUNTY. APPROXIMATELY 30 INDIVIDUALS OR FAMILIES WERE ASSISTED DURING THE FISCAL YEAR.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $36,969

Investment Income $98

Other Revenue $489,088

TOTAL REVENUE $526,155

Expense Breakdown

Grants Paid $75,370

Salaries & Benefits $73,444

Fundraising Expenses $0

Program Expenses $185,692

Other Expenses $82,178

TOTAL EXPENSES $230,992

Year-over-Year Comparison

	2023	2022	Change
Revenue	$526,155	$375,888	+0.4%
Expenses	$230,992	$342,437	-0.3%
Net Income	$295,163	$33,451	+7.8%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL BAXTER	DIRECTOR	2.00	Director	$0	$0	$0
STEVEN GAFFNEY	DIRECTOR	2.00	Director	$0	$0	$0
MARTIN WEBSTER	DIRECTOR	2.00	Director	$0	$0	$0
DENNIS MERLINO	DIRECTOR	2.00	Director	$0	$0	$0
ELIZABETH THOMPSON	MEMBER	1.00	Director	$0	$0	$0
DARREN FULLER	MEMBER	1.00	Director	$0	$0	$0
RUSSELL PARTRICK	STAFF MEMBER	1.00	Director	$0	$0	$0
JAMES HOTCHKISS	DIRECTOR	3.00	Director	$0	$0	$0
SCOTT PECOY	MEMBER	2.00	Director	$0	$0	$0
PATRICK WAITE	VICE PRESIDENT	2.00	Officer	$0	$0	$0
DONNA SCANLON	SECRETARY	3.00	Officer	$0	$0	$0
CHRISTINE WARD	TREASURER	3.00	Officer	$0	$0	$0
TAMMIE NIPPER	PRESIDENT	4.00	Officer	$0	$0	$0
MARION NARAMORE	EXCUTIVE DIRECTOR	40.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2024	$526,155	$230,992	$571,615	$295,163
2023	$375,888	$342,437	$257,504	$33,451
2022	$192,222	$219,583	$225,364	$-27,361
2021	$182,993	$158,677	$253,783	$24,316
2020	$159,475	$147,043	$236,524	$12,432
2019	$286,015	$270,875	$229,587	$15,140
2018	$359,386	$362,162	$218,886	$-2,776

OSWEGO HOUSING DEVELOPMENT COUNCIL INC