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Pitcher Hill Housing Development Fund Co INC

Tax-deductible

Syracuse, NY501(c)(3)Housing EIN 22-2320985Revenue $988K in FY2024

On file with the IRSchristopher-community.org990 James Street, 13203-2879 · Syracuse, NYTax-exempt since Mar 1946Hospital or medical research org — 170(b)(1)(A)(iii)

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Low income Housing

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $8K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.5 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.7M
115% of total assets
Concern: liabilities are 115% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 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
$988K
+3% vs prior year
Spent
$968K
To programs
86%
Net assets
−$343K
By yearFY2020–FY2024
Revenue
$988K
FY2024▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$883K
FY2021$892K
FY2022$905K
FY2023$955K
FY2024$988K
Expenses
$968K
FY2024▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$876K
FY2021$936K
FY2022$945K
FY2023$940K
FY2024$968K
Net assets
−$343K
FY2024▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020−$294K
FY2021−$338K
FY2022−$377K
FY2023−$363K
FY2024−$343K

From the FY2024 Form 990 (year ending September 2024) · 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: FY2024. IRS ruling in Mar 1946.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $830K Management & general 14% · $139K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Ron Cole
President
$0Pt VII · Sec A
Scott a Lacik
Treasurer
$0Pt VII · Sec A
Emily Lacik
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Joe Rizzo
Board Member
$0Pt VII · Sec A
See Pitcher Hill Housing Development Fund Co INC 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

Pitcher Hill Housing Development Fund Co INC is a hospital based in Syracuse, NY.

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Provided by the organization

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1 program · $830K · in their own filed words · FY2023
01

To provide low income housing for the elderly under code section 202 of the national housing act.

$830Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$988K
Ln 12
Fees for servicesLn 2g$962K
Other incomeLn 4–11$23K
Investment incomeLn 3$2K
Money outPt IX
$968K
Ln 25
Programscol B$830K
Managementcol C$139K
Owns and owesPt X
−$343K
net assets · Ln 32
Cash and savingsLn 1–2$43K
Total assetsLn 16$2.3M
LiabilitiesLn 26$2.7M
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$962K
Investment incomeLn 3$2K
Other incomeLn 4–11$23K
Total revenueLn 12$988K
Assets in detailPt X, end of year
CashLn 1$43K
Cash and savings togetherLn 1–2$43K
Land, buildings, equipmentLn 10c$1.5M
Other assetsLn 15$738K
Total assetsLn 16$2.3M
LiabilitiesLn 26$2.7M
Net assetsLn 32−$343K
OperationsPt I, VI
EmployeesI 56
VolunteersI 60
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$7K$43K
Land, buildings, equipmentLn 10c$1.6M$1.5M
Total assetsLn 16$2.4M$2.3M
LiabilitiesLn 26$2.7M$2.7M
Net assetsLn 32−$363K−$343K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$205K$205K
Other employee benefitsLn 9$43K$43K
Payroll taxesLn 10$16K$16K
Management feesLn 11a$78K$78K
Legal feesLn 11b$913$913
Accounting feesLn 11c$20K$20K
Advertising and promotionLn 12$922$922
Office expensesLn 13$82K$41K$40K
OccupancyLn 16$31K$31K
InterestLn 20$108K$108K
Depreciation, depletion and amortizationLn 22$162K$162K
InsuranceLn 23$50K$50K
Other expenses (24a–d)Ln 24$161K$161K
All other expensesLn 24e$12K$12K
Total functional expensesLn 25$968K$830K$139K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $988K$968K$20K−$343K 990 PDF
FY2023 $955K$940K$14K−$363K 990 PDF
FY2022 $905K$945K−$39K−$377K 990 PDF
FY2021 $892K$936K−$44K−$338K 990 PDF
FY2020 $883K$876K$7K−$294K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $987,707 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $919,910$962,415
I-10 Investment incomePrior year $1,738$1,917
I-11 Other revenuePrior year $33,055$23,375
I-12 Total revenuePrior year $954,703$987,707
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $248,657$263,383
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $691,839$704,709
I-18 Total expensesPrior year $940,496$968,092
I-19 Revenue less expensesPrior year $14,207$19,615
Part VI · Governance 7 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $987,707 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $962,415$962,415
VIII-3 Investment incomeExcluded from tax $1,917$1,917
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $23,375$23,375
VIII-12 Total revenueRelated to mission $962,415 · Unrelated business $0 · Excluded from tax $25,292$987,707
Part IX · Statement of functional expenses $968,092 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $204,573$204,573
IX-9 Other employee benefitsPrograms $42,823$42,823
IX-10 Payroll taxesPrograms $15,987$15,987
IX-11a Management feesManagement $77,722$77,722
IX-11b Legal feesPrograms $913$913
IX-11c Accounting feesManagement $19,520$19,520
IX-12 Advertising and promotionManagement $922$922
IX-13 Office expensesPrograms $41,470 · Management $40,422$81,892
IX-16 OccupancyPrograms $31,125$31,125
IX-20 InterestPrograms $108,393$108,393
IX-22 Depreciation, depletion and amortizationPrograms $161,784$161,784
IX-23 InsurancePrograms $49,641$49,641
IX-24 Other expenses (24a–d)Programs $160,732$160,732
IX-24e All other expensesPrograms $12,065$12,065
IX-25 Total functional expensesPrograms $829,506 · Management $138,586 · Fundraising $0$968,092
Part X · Balance sheet $2,308,074 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $6,609$43,162
X-4 Accounts receivableStart of year $13,685$4,026
X-9 Prepaid expenses and deferred chargesStart of year $37,389$37,506
X-10c Land, buildings and equipment, netStart of year $1,563,523$1,484,990
X-15 Other assetsStart of year $753,646$738,390
X-16 Total assetsStart of year $2,374,852$2,308,074
X-17 Accounts payable and accrued expensesStart of year $41,363$32,549
X-25 Other liabilitiesStart of year $42,950$43,725
X-26 Total liabilitiesStart of year $2,737,716$2,651,323
X-27 Net assets without donor restrictionsStart of year −$362,864−$343,249
X-32 Total net assets or fund balancesStart of year −$362,864−$343,249
X-33 Total liabilities and net assetsStart of year $2,374,852$2,308,074
Part XI · Reconciliation of net assets −$343,249 net assets at year end
XI-1 Total revenue$987,707
XI-2 Total expenses$968,092
XI-3 Revenue less expenses$19,615
XI-4 Net assets at start of year−$362,864
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$343,249

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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