Nativity Housing Development Fund Company Inc
Nonprofit profile at a glance
- EIN
- 161364007
- IRS 990-EZ coverage
- 2015–2025
- Forms available
- Form 990-EZ 2025
- Location
- Lackawanna, NY, USA
- Phone
- 7168289479
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Housing Development, Construction, Management
Reported finances
- Revenue
- $115,717
- Expenses
- $90,610
- Assets
- $231,489
- Liabilities
- $340,843
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- FATHER DAVID LIPUMA (PRESIDENT)
- FATHER PETER J KARALUS (VICE PRESIDENT)
People named in this filing
- FATHER DAVID LIPUMA (PRESIDENT)
- FATHER PETER J KARALUS (VICE PRESIDENT)
- EMILY MILLER (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Nativity housing development fund company, inc. Was developed and operates with federal housing financing. The property utilizes the section 202 section 8 federal housing program to make rent affordable to lower income tenants. The property was developed with funding through the hud section 202 section 8 program, which provides funding for adults who are disabled or 62 or older. Nativity is an affordable apartment community located at 1080 colvin blvd., tonawanda, New York, 14223 which is located in erie county. The property consists of 10 assisted rental units.
What it reported doing in 2025
Nativity housing development fund company, inc. Provides rental subsidies to renters. The type of subsidy provided to apartment renters by this property is hud 202 section 8 rental assistance. The subsidy allows the renter to pay 30% of their income for rent while the subsidy pays the difference. To qualify, a renter must earn 50% or less than the area median income, and be disabled or 62 years of age or older.
Operating model
- Revenue model
- Earned-program. 100% 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. Assets have declined or grown slowly and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 86
- Transparency & Controls: 82
- Sustainability: 67
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 78%; rating input score 78
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 21.7%; rating input score 73; 73rd percentile among comparable filings
- Total-asset coverage ratio: 2.55; rating input score 85; 85th percentile among comparable filings
- Liabilities to assets ratio: 1.47; rating input score 3; 3rd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 2.5% per year; rating input score 100; 37th percentile among comparable filings
- Revenue growth: 1.6% per year; rating input score 100; 26th percentile among comparable filings
- Asset growth: -1.2% per year; rating input score 0; 23rd percentile among comparable filings
Details
- Where the money goes: 78% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $91K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 11 filing years from 2015 to 2025
- 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.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 3/100.