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ACADEMY ARMS HOUSING DEVELOPMENT FUND COMPANY INC
ONEONTA, NY · EIN 222806500 · Form 990 · FY2024 · NTEE L20Z · Housing & Shelter · Small ($100K-$1M)
revenue
$280K
expenses
$265K
net assets
$-517K
employees
0
program ratio
68%
mission · from form 990

TWENTY-EIGHT UNIT PROGRAM PROVIDING RESIDENCY FOR THE ELDERLY AND DISABLED.

profile · synthesized from sources

ACADEMY ARMS HOUSING DEVELOPMENT FUND COMPANY INC operates a twenty-eight-unit housing program in Oneonta, NY, providing affordable residency for elderly and disabled individuals. The organization focuses exclusively on supportive housing as its primary service, with no additional programs or services reported. It functions as a local housing development entity serving a specific vulnerable population.

named programs · 1 · from sources

What they call their work

Academy Arms Housing Program
Twenty-eight unit supportive housing program providing affordable residency for elderly and disabled individuals in Oneonta, NY
activities · 1 group

What they do

  • Low-Income Senior Housing Operations 1 activity
    • Operate residency program for elderly and disabled individuals
      Provides housing through a 28-unit residency program tailored for elderly and disabled individuals.
financials · form 990 · fy2024
revenue
Total revenue$280K
Contributions & grants$00%
Program service revenue$277K99%
Investment income$650%
Other revenue$3K
expenses
Total expenses$265K
Program expenses68%
Admin / overhead32%
Fundraising0%
Salaries & benefits$62K
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$409K
Cash$59K
Investments$0
Liabilities$926K
Net assets$-517K
Liquid reserves2.7 mo
5 years on record · 2020–2024 · YoY revenue +5.8%
leadership · form 990 part vii · fy2024

Who runs it

board members · 3
  • JEFFREY HOUSE — PRESIDENT
  • KERMIT WEAVER — VICE PRESIDENT
  • RICHARD MILLER — SECRETARY/TREASURER
strategies · 1

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Permanent Supportive Housing for Vulnerable Populations
    methodology: supportive_housing
    By providing permanent housing combined with support services, we produce improved stability and well-being for elderly and disabled individuals, because addressing housing insecurity is foundational to health and social outcomes.