Housing Opportunities Housing Development Fund Corporation

EIN: 161386456 501(c)(3) Housing & Shelter

Rochester, NY

Total Revenue
$274,875
Total Expenses
$545,675
Total Assets
$1,428,190
Net Assets
$-1,665,653
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
NY
Principal Officer
Ruperto Montero
Phone
5855466340
Tax Period
2023-10-01 to 2024-09-30

Housing Opportunities Housing Development Fund Corporation, founded in 1992, is a small nonprofit in the Housing & Shelter sector that reported $275K in total revenue in fiscal year 2023. Expenses of $546K exceeded revenue, resulting in a 99% operating deficit.

Mission

Developing, maintaining, and operating affordable housing for persons of low income.

Program Service Accomplishments

Program 1
Expenses: $512,222 Revenue: $274,858

The sole program of Housing Opportunities Housing Development Fund Corporation is to maintain affordable housing for low and very low income individuals within the greater Rochester, New York area.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $274,785
Investment Income $17
Other Revenue $73
TOTAL REVENUE $274,875

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $512,222
Other Expenses $545,675
TOTAL EXPENSES $545,675

Year-over-Year Comparison

2023 2022 Change
Revenue $274,875 $281,551 0.0%
Expenses $545,675 $502,085 +0.1%
Net Income $-270,800 $-220,534 +0.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
3
Independent Members
2
Employees
N/A
Volunteers
7

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
5
$1,087,607
Total Directors
3
$272,513
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Alexander D Castro Vice President 0.10
Officer Director
$0 $15,762 $272,513
Dirk Schneider Director 0.10
Director
$0 $0 $0
Jean Lowe Director 0.10
Director
$0 $0 $0
Jason Sackett President 0.10
Officer
$0 $2,614 $142,008
Kathryn Bryan Vice President 0.10
Officer
$0 $12,446 $194,753
Ruperto Montero Vice President and Treasurer 0.10
Officer
$0 $15,863 $267,679
Leslie W Kernan Jr Secretary 0.10
Officer
$0 $6,136 $210,654
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
2024 $274,875 $545,675 $1,428,190 $-270,800
2023 $281,551 $502,085 $1,496,020 $-220,534
2022 $263,437 $484,400 $1,591,105 $-220,963
2021 $256,307 $465,933 $1,675,046 $-209,626
2020 $510,461 $391,337 $1,797,994 $119,124
2019 $259,715 $393,005 $1,848,619 $-133,290
2018 $235,454 $386,451 $1,917,447 $-150,997
Explore More Nonprofits
→Top 100 Nonprofits in New York →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare Housing Opportunities Housing Development Fund Corporation with other nonprofits in New York and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.