Mission
TO PROVIDE HOUSING AND AUXILIARY FACILITIES FOR AGED PERSONS OF LOW INCOME, AND TO THIS END TO PLAN, ACQUIRE, CONSTRUCT, OWN, MAINTAIN AND OPERATE SUCH HOUSING AND AUXILIARY FACILITIES.
Public Charity
SOMALTOW HOUSING COMPANY INC
SOMALTOW HOUSING COMPANY INC is a nonprofit organization categorized as Public Charity based in ALBANY, NY. Its most recent IRS filing (2025) reports revenue of $6.0M, expenses of $5.7M, total assets of $12.6M. Imperigo tracks 1 reported grant relationships connected to this organization totaling approximately $24K.
EIN: 237120738
ALBANY, NY
Housing Development, Construction & Management
NTEE: L20
Latest filing: 2025
Total Revenue$6.0M
Total Expenses$5.7M
Total Assets$12.6M
Grant Records1
Funding Total$24K
Filing Years2020–2025
Where $100 goes at Somaltow Housing Company Inc
How Somaltow Housing Company Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.
$95
Programs
the work itself
$5
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $95 for programs
$95
To provide housing and auxiliary facilities for aged persons of low income, and to this end to plan, acquire, construct, own, maintain and operate such housing and auxiliary…
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
FOR RECIPIENT'S EXEMPT PURPOSE
$24,000
Showing up to 5 of 1 total records — full history available with membership.
Officers & Directors
DIRECTOR
Adam Lasek
DIRECTOR
Caren Hicks
SECRETARY
Eric Sprague
PRESIDENT
Gary Hallock
TREASURER
John Saburro
EXECUTIVE DIRECTOR
Kimberly Hansen
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $6.0M | $5.7M | $12.6M |
| 2024 | $4.6M | $5.1M | $11.9M |
| 2023 | $4.4M | $4.8M | $12.3M |
| 2022 | $3.1M | $3.8M | $18.9M |
| 2020 | $2.8M | $3.6M | $21.2M |
Between 2020 and 2025, reported annual revenue grew from $2.8M to $6.0M (+115%), with total assets most recently reported at $12.6M.
Interactive year-over-year charts and full filing details available with membership.