RIVERVIEW AVENUE APARTMENTS HOUSING DEVELOPMENT FUND COMPANY INC

SYRACUSE, NY, 13203-2879 (315) 424-1821 Est. 2015 EIN 47-4955846
L20— Housing & Shelter Form 990 501(c)(3)

Mission

THE CORPORATION WAS ORGANIZED TO DEVELOP A HOUSING PROJECT FOR PERSONS OF LOW INCOME WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH PERSONS, WHICH PROJECT IS TO BE ASSISTED BY A "MUNICIPALLY-AIDED MORTGAGE" AS DEFINED IN SECTION 572(13) OF THE PRIVATE HOUSING FINANCE LAW THROUGH ONE OR MORE MORTGAGE LOANS MADE BY THE CITY OF CORTLAND "SUPERVISING AGENCY, AND SUCH OTHER INSTRUMENTALITIES OF FEDERAL, STATE AND LOCAL GOVERNMENT AS MAY BE NECESSARY TO COMPLETE THE FINANCING FOR THE PROJECT.

Financials

Total Revenue
$311,969
Total Expenses
$166,224
Net Assets
$894,623
From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve
5.4 years Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 0.5%
Expenses ↑ 1.0%
Revenue Sources
Contributions 74.9% Investment 25.1%
Expense Breakdown
Program 99.1% Management 0.9%

Officers & Key Employees (3)

We treat individual compensation with extra care. Named amounts are on Grow plans.

Grants Received (6)

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Filing History (5 filings)

YearRevenueExpensesNet Assets
2024 Form 990$311,969 $166,224$894,623
2023 Form 990$310,433 $164,604$782,587
2022 Form 990$308,923 $172,524$636,758
2020 Form 990$306,035 $178,894$370,587
2018 Form 990$303,624 $184,377$120,473

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EIN: 47-4955846 · Source: IRS Form 990 e-file data