Cayuga County Homsite Development Corp FY2023 filing

Tax-deductible

Auburn, NY501(c)(3)HousingEIN 16-0999976

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To help the underpriviledged by providing counseling, job training, rental assistance and housing rehabilitation services to qualified residents.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $45K a year · 5% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 6.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$69K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 7 voting members
Looks good: 6 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.0M
+13% vs prior year
Spent
$927K
To programs
90%
Net assets
$822K
By yearFY2021–FY2025
Revenue
$1.0M
FY2023▲ +13%
Revenue by fiscal year
FY2021$975K
FY2022$903K
FY2023$1.0M
FY2024$1.1M
FY2025$1.0M
Expenses
$927K
FY2023▲ +15%
Expenses by fiscal year
FY2021$860K
FY2022$804K
FY2023$927K
FY2024$1.2M
FY2025$1.0M
Net assets
$822K
FY2023▲ +12%
Net assets by fiscal year
FY2021$635K
FY2022$733K
FY2023$822K
FY2024$714K
FY2025$747K

From the FY2023 Form 990 (year ending April 2023) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1972.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $837K Management & general 10% · $90K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Erica Ryan’s $70K as Executive Director is at the 13th percentile of top reported officer pay among 2036 $1–10M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Cayuga County Homsite Development Corp executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides counseling, job training, rental help, and housing rehab to qualified residents.

Provided by the organization

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3 program services account for $837K of program spending, described in the organization's own filed words · FY2022.
01

The section 8 program provides assistance for low-income individuals and families in the private rental market through the housing choice voucher program.

$395Kprogram expense
02

Home improvement- to revitalize residential properties through communuty development and neighborhood growth and the redevelopment of blighted structures. Served 17.

$278Kprogram expense
03

Rural Preservation Program

To address community development issues and concerns throughout cayuga county with a focus on housing issues for low-moderate tenants and homeowners.

$163Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2020
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.0M
Ln 12
Gifts and grantsLn 1h$724K
Other incomeLn 4–11$291K
Investment incomeLn 3$212
Money outPt IX
$927K
Ln 25
Programscol B$837K
Managementcol C$90K
Owns and owesPt X
$822K
net assets · Ln 32
Cash and savingsLn 1–2$487K
Total assetsLn 16$891K
LiabilitiesLn 26$69K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$724K
Government grantsLn 1e$724K
Investment incomeLn 3$212
Other incomeLn 4–11$291K
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
CashLn 1$487K
SavingsLn 2$0
Cash and savings togetherLn 1–2$487K
Other assetsLn 15$22K
Total assetsLn 16$891K
LiabilitiesLn 26$69K
Net assetsLn 32$822K
OperationsPt I, VI
EmployeesI 511
VolunteersI 60
Fiscal year endsHeaderApril
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$583K$487K
Total assetsLn 16$778K$891K
LiabilitiesLn 26$44K$69K
Net assetsLn 32$733K$822K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$343K$343K
Pension plan contributionsLn 8$7K$7K
Other employee benefitsLn 9$17K$17K
Payroll taxesLn 10$28K$28K
Accounting feesLn 11c$10K$10K
Other fees for servicesLn 11g$12K$12K
Advertising and promotionLn 12$106$106
Office expensesLn 13$18K$18K
Information technologyLn 14$6K$6K
OccupancyLn 16$33K$33K
TravelLn 17$3K$3K
Conferences, conventions and meetingsLn 19$470$470
InsuranceLn 23$68K$68K
Other expenses (24a–d)Ln 24$373K$283K$90K
All other expensesLn 24e$9K$9K
Total functional expensesLn 25$927K$837K$90K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.0M$1.0M$33K$747K 990 PDF
FY2024 $1.1M$1.2M−$108K$714K 990 PDF
FY2023 Viewing $1.0M$927K$89K$822K 990 PDF
FY2022 $903K$804K$99K$733K 990 PDF
FY2021 $975K$860K$115K$635K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $1,015,466 across 5 lines filed
VIII-1e Government grants$723,851
VIII-1h Total contributions, gifts and grants$723,851
VIII-3 Investment incomeExcluded from tax $212$212
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $291,403$291,403
VIII-12 Total revenueRelated to mission $291,403 · Unrelated business $0 · Excluded from tax $212$1,015,466
Part IX · Statement of functional expenses $926,631 across 15 lines filed
IX-7 Other salaries and wagesPrograms $342,736$342,736
IX-8 Pension plan contributionsPrograms $7,276$7,276
IX-9 Other employee benefitsPrograms $17,395$17,395
IX-10 Payroll taxesPrograms $28,124$28,124
IX-11c Accounting feesPrograms $9,825$9,825
IX-11g Other fees for servicesPrograms $11,828$11,828
IX-12 Advertising and promotionPrograms $106$106
IX-13 Office expensesPrograms $17,923$17,923
IX-14 Information technologyPrograms $5,630$5,630
IX-16 OccupancyPrograms $32,712$32,712
IX-17 TravelPrograms $3,230$3,230
IX-19 Conferences, conventions and meetingsPrograms $470$470
IX-23 InsurancePrograms $67,970$67,970
IX-24 Other expenses (24a–d)Programs $282,683 · Management $90,000$372,683
IX-24e All other expensesPrograms $8,723$8,723
IX-25 Total functional expensesPrograms $836,631 · Management $90,000 · Fundraising $0$926,631
Part X · Balance sheet $891,170 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $578,814$487,208
X-2 Savings and temporary cash investmentsStart of year $3,769$0
X-4 Accounts receivableStart of year $180,639$373,931
X-9 Prepaid expenses and deferred chargesStart of year $11,910$8,475
X-15 Other assetsStart of year $2,457$21,556
X-16 Total assetsStart of year $777,589$891,170
X-17 Accounts payable and accrued expensesStart of year $40,859$37,777
X-19 Deferred revenueStart of year $924$9,653
X-25 Other liabilitiesStart of year $2,457$21,556
X-26 Total liabilitiesStart of year $44,240$68,986
X-27 Net assets without donor restrictionsStart of year $733,349$822,184
X-32 Total net assets or fund balancesStart of year $733,349$822,184
X-33 Total liabilities and net assetsStart of year $777,589$891,170
Part XI · Reconciliation of net assets $822,184 net assets at year end
XI-1 Total revenue$1,015,466
XI-2 Total expenses$926,631
XI-3 Revenue less expenses$88,835
XI-4 Net assets at start of year$733,349
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$822,184

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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