Byrne Manor Housing Development Fund Company Inc
Nonprofit profile at a glance
- EIN
- 161600489
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Syracuse, NY, USA
- Phone
- 3154241821
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Low-Income & Subsidized Rental Housing
Reported finances
- Revenue
- $323,225
- Expenses
- $386,340
- Assets
- $1,506,589
- Liabilities
- $33,859
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- FREDRICK ZOLNA (PRESIDENT)
- CINDY FALISE (VICE PRESIDENT)
People named in this filing
- FREDRICK ZOLNA (PRESIDENT)
- STEVE SCHAEFER (SECRETARY)
- CINDY FALISE (VICE PRESIDENT)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The corporation was organized exclusively to develop, own, and operate a low-income housing project on a non-profit basis pursuant to section 221(d)(4) of the national housing act.
What it reported doing in 2024
Develops, on a non-profit basis, a 34-unit housing project for elderly/handicapped persons of low-income pursuant to article xi of the private housing finance law & sec. 402 of the not-for-profit corporation law.
Operating model
- Revenue model
- Earned-program. 99% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 81
- Transparency & Controls: 90
- Accountability: 94
- Sustainability: 41
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 96.6%; rating input score 97
- Program expense ratio: 81.3%; rating input score 81
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 7 controls in place; rating input score 86
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -19.5%; rating input score 14; 14th percentile among comparable filings
- Total-asset coverage ratio: 3.9; rating input score 74; 74th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 39; 39th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: 5.6% per year; rating input score 100; 56th percentile among comparable filings
- Revenue growth: 3.8% per year; rating input score 100; 46th percentile among comparable filings
- Asset growth: -2.8% per year; rating input score 0; 15th percentile among comparable filings
Details
- Where the money goes: 96.6% of revenue deployed · 81.3% of spending went to programs
- Governance: 5 of 5 board members independent · 6 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $314K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 26 of 26 current checks pass
- Schedules: 3 filed schedules
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Sustainability: Operating margin scored 14/100.
- Review — Accountability: Governance controls: Audit committee oversight not reported.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 39/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.