Loretto-Malta Manor Housing Development Fund Company Inc

Organization Overview

Loretto-Malta Manor Housing Development Fund Company Inc is located in Syracuse, NY. The organization was established in 1999. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Loretto-Malta Manor Housing Development Fund Company 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 12/2022, Loretto-Malta Manor Housing Development Fund Company Inc generated $281.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $391.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

LOW INCOME HOUSING PROJECT

Describe the Organization's Program Activity:

Part 3 - Line 4a

OPERATION OF A 39-UNIT LOW-INCOME HOUSING PROJECT ON A NONPROFIT BASIS PERSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT.


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Board, Officers & Key Employees

Name (title)Compensation
Kim Townsend
Chairperson
$0
John Murray
Member
$0
Sister Linda Ann Palmisano
Member
$0
Sister Jane Bourne
Member
$0
John Brennan
Secretary
$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$277,352
Investment income $1,634
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 $281,217

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