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Filing year 2023

SCOTIA COMMITTEE HOUSING DEVELOPMENT FUND CO INC

Scotia, New York·EIN 22-2418269·3
Total revenue
$1.2M
Total assets
$6.4M
Total expenses
$1.1M
Reported officers
12
Mission

SCOTIA COMMITTEE HOUSING DEVELOPMENT FUND CO, INC. WAS ORGANIZED AND INCORPORATED UNDER THE NEW YORK STATE PRIVATE HOUSING FINANCE LAW. IN 1994, THE FUND ACQUIRED A 96 UNIT AFFORDABLE SENIOR HOUSING PROJECT IN SCOTIA, NEW YORK. THE PROJECT RECEIVES (CONTINUED ON SCHEDULE O) (CONTINUED FROM FORM 990, PART III, LINE 1) HOUSING ASSISTANCE (HAP) PAYMENTS (OR RENTAL SUBSIDIES) PURSUENT TO SECTION 8 OF THE U.S. HOUSING ACT OF 1937, AS AMENDED. THE FUND HAS ENTERED INTO A HAP AGREEMENT WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD). UNDER THIS CONTRACT, WHICH WILL BE SUBJECT TO RENEGOTIATION IN JUNE 2025, THE FUND RECEIVES HUD FUNDED RENT SUBSIDIES TO ACCOMMODATE SENIOR CITIZENS AGE 62 AND OLDER AND/OR THE DISABLED.

Executive compensation

Form 990 · Schedule J · 12 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President
Below 10th percentile
$1k
$1k
Secretary
Officer (Unspecified)
$700
$782
Vice President
Below 10th percentile
$700
$782
Treasurer
Officer (Unspecified)
$675
$754
Director
Board Member
Below 10th percentile
$300
$335
Director
Board Member
Below 10th percentile
$150
$167
Director
Board Member
Below 10th percentile
$150
$167
Director
Board Member
Below 10th percentile
$75
$84
Director
Board Member
Below 10th percentile
$75
$84
Director
Board Member
Below 10th percentile
$75
$84
Director
Board Member
Below 10th percentile
$75
$84
Director
Board Member
Below 10th percentile
$75
$84

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 19% from 2022 to 2023, while revenue rose 3%.

$900 in 2022 to $1k in 2023.
  • Vice President pay fell 7% from 2022 to 2023.
  • Board Member pay fell 54% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Financial trend

Revenue and expenses over time

SCOTIA COMMITTEE HOUSING DEVELOPMENT FUND CO INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$1.2M
$996k
2022
$1.2M
$1.1M
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about SCOTIA COMMITTEE HOUSING DEVELOPMENT FUND CO INC

What does the Chief Executive Officer of SCOTIA COMMITTEE HOUSING DEVELOPMENT FUND CO INC earn?

In 2023, the Chief Executive Officer of SCOTIA COMMITTEE HOUSING DEVELOPMENT FUND CO INC received $1,075 in total compensation. This pay is in the bottom 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report more. Based on IRS Form 990 data.

How does Chief Executive Officer pay at SCOTIA COMMITTEE HOUSING DEVELOPMENT FUND CO INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Chief Executive Officer at SCOTIA COMMITTEE HOUSING DEVELOPMENT FUND CO INC falls in the bottom 10%.

What are SCOTIA COMMITTEE HOUSING DEVELOPMENT FUND CO INC's revenue and expenses?

In 2023, SCOTIA COMMITTEE HOUSING DEVELOPMENT FUND CO INC reported $1.2M in total revenue and $1.1M in total expenses on its IRS Form 990.

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