ONONDAGA COUNTY HOUSING DEVELOPMENT FUND COMPANY INC

EIN: 161434280 501(c)(3) Housing & Shelter

SYRACUSE, NY

Total Revenue
$3,319,685
Total Expenses
$3,319,685
Total Assets
$629,247
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
NY
Principal Officer
WILLARD MAHOOD
Phone
3154353558
Tax Period
2024-01-01 to 2024-12-31

ONONDAGA COUNTY HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1992, is a community nonprofit in the Housing & Shelter sector that reported $3.3M in total revenue in fiscal year 2024. Revenue surged 155% from the prior year, signaling strong growth momentum.

Mission

THE ONONDAGA COUNTY HOUSING DEVELOPMENT FUND COMPANY INC. (THE COMPANY) WAS FORMED IN 1992 TO DEVELOP THE ONONDAGA COUNTY HOME OWNERSHIP PROGRAM CONSISTING OF CONSTRUCTION OR ACQUISITION AND REHABILITATION OF HOUSING FOR SALE TO FIRST-TIME HOME BUYERS OF LOW AND MODERATE INCOME IN THE COUNTY OF ONONDAGA, NEW YORK. UNDER THE HOME OWNERSHIP PROGRAM, THE COMPANY WILL COMPLETE THE REHABILITATION OR CONSTRUCTION OF APPROXIMATELY TEN TO FIFTEEN HOMES PER YEAR FOR SALE TO QUALIFYING HOME BUYERS.

Program Service Accomplishments

Program 1
Expenses: $3,305,985 Revenue: $1,479,772

THE ORGANIZATION'S PROGRAM SERVICE INVOLVES THE ACQUISITION AND REHABILITATION OR NEW CONSTRUCTION OF HOUSING FOR FIRST-TIME, LOW-INCOME HOME BUYERS. 10 HOMES WERE SOLD IN 2024.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,839,913
Program Service Revenue $1,479,772
Investment Income $0
Other Revenue $0
TOTAL REVENUE $3,319,685

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,305,985
Other Expenses $3,319,685
TOTAL EXPENSES $3,319,685

Year-over-Year Comparison

2024 2023 Change
Revenue $3,319,685 $1,303,031 +1.5%
Expenses $3,319,685 $1,303,031 +1.5%
Net Income $0 $0 N/A
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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Governance

Voting Members
6
Independent Members
4
Employees
N/A
Volunteers
6

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
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID KNAPP VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
ISABELLE HARRIS DIRECTOR 1.00
Director
$0 $0 $0
MELANIE VILARDI SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
SUSAN BOYLE DIRECTOR 1.00
Director
$0 $0 $0
WILLARD MAHOOD PRESIDENT 2.00
Officer Director
$0 $0 $0
WILLIAM MEYER JR DIRECTOR 1.00
Director
$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
2024 $3,319,685 $3,319,685 $629,247 No data
2023 $1,303,031 $1,303,031 $1,668,833 No data
2022 $141,506 $141,506 $1,300,640 No data
2021 $790,098 $790,098 $374,082 No data
2020 $1,101,686 $1,101,686 $821,330 No data
2019 $896,872 $896,872 $1,152,957 No data
2018 $335,917 $335,917 $558,899 No data
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