Greater Rochester Partnership Housing Development Fund Corp

Nonprofit profile at a glance

EIN
161426651
IRS 990 coverage
2023–2025
Forms available
Form 990 2025, Form 990-EZ 2014, Form 990-N 2022
Location
Rochester, NY, USA
Phone
5854236320
Rating
46
Verdict
MIXED
Rating confidence
Moderate
Sector
Housing Development, Construction, Management

Official website

Reported finances

Revenue
$4,595
Expenses
$15,456
Assets
$3,038,810
Liabilities
$3,054,560

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • THEODORA FINN (PRESIDENT)

Highest reported compensation

  • THEODORA FINN (PRESIDENT): $208,135 total reported compensation
  • MICHAEL BURKE (VP OF FINANCE): $162,686 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Greater rochester partnership housing development fund corporation (hdfc) was established to acquire and rehabilitate housing for low and moderate-income individuals in the rochester, New York area.

What it reported doing in 2025

The city of rochester provided a grant to hdfc to subsidize the difference between the cost of acquiring and building properties located within the city of rochester and the selling price to the home buyer as part of its "buy the block" program. During the year 8 subsidized homes were completed and sold below cost to qualified low and moderate income individuals

Operating model

Revenue model
Grant-funded. 97% of the money available for current operations came from government grants.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

MIXED - The filed numbers largely add up and most filed governance safeguards are in place. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 84
  • Accountability: 81
  • Sustainability: 34
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 66.7%; rating input score 67; 24th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -236.4%; rating input score 10; 10th percentile among comparable filings
  • Total-asset coverage ratio: 196.61; rating input score 98; 98th percentile among comparable filings
  • Liabilities to assets ratio: 1.01; rating input score 3; 3rd percentile among comparable filings
  • Officer compensation ratio: 295.4%; rating input score 1; 1st percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 21% per year; rating input score 100; 94th percentile among comparable filings
  • Asset growth: 17.8% per year; rating input score 100; 87th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: 2 of 3 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $3.9M in reported program spending
  • Leadership: top reported pay $208K · 4 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $5.1M reported
  • Consistency: 17 of 17 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 3 filing years from 2023 to 2025
  • Contacts: How to reach this organization
  • Related organizations: 1 filed related-organization link
  • 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.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Sustainability: Operating margin scored 10/100.
  • High — Sustainability: Officer compensation ratio scored 1/100.
  • High — Sustainability: Liabilities to assets ratio scored 3/100.