Oswego Housing Development Council Inc
- Assets
- $257.5k
- Revenue
- $375.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Fulton, NY
- Founding
- 08/1988
- Data as of
- 06/2023
- EIN
- 16-1164184
Organization Overview
Oswego Housing Development Council Inc is located in Fulton, NY. The organization was established in 1988. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 06/2023, Oswego Housing Development Council Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oswego Housing Development Council Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Oswego Housing Development Council Inc generated $375.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $342.4k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOUSING ASSISTANCE TO LOW AND MODERATE INCOME PEOPLE IN OSWEGO COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Baxter Director | Trustee | 2 | $0 |
Martin Webster Director | Trustee | 2 | $0 |
Russell Partrick Staff Member | Trustee | 1 | $0 |
Donna Scanlon Member | Trustee | 3 | $0 |
Christine Ward Director | Trustee | 3 | $0 |
James Hotchkiss Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $41,617 |
| Investment income | $147 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $375,888 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $165,076 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $82,212 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,999 |
| Fees for services: Management | $1,663 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,840 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,468 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,014 |
| Travel | $1,073 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,559 |
| Insurance | $9,006 |
| All other expenses | $0 |
| Total functional expenses | $342,437 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $113,077 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $46,722 |
| Accounts receivable, net | $43,018 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,419 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $290 |
| Net Land, buildings, and equipment | $43,892 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,086 |
| Total assets | $257,504 |
| Accounts payable and accrued expenses | $2,131 |
| Grants payable | $0 |
| Deferred revenue | $6,600 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,700 |
| Total liabilities | $11,431 |
| Net assets without donor restrictions | $246,073 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $257,504 |