Homes For The Homeless Institute Inc
- Assets
- $69.9m
- Revenue
- $9.1m
- Investments
- $14.0m
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/1997
- Data as of
- 06/2021
- EIN
- 13-3958797
Organization Overview
Homes For The Homeless Institute Inc is located in New York, NY. The organization was established in 1997. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Homes For The Homeless Institute Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Homes For The Homeless Institute Inc generated $9.1m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $6.9m during the year ending 06/2021. While expenses have increased by 9.5% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOMES FOR THE HOMELESS INSTITUTE IS A NONPROFIT RESEARCH AND PUBLIC POLICY ORGANIZATION STUDYING THE IMPACT OF POVERTY AND HOMELESSNESS ON FAMILIES, WITH AN EMPHASIS ON CHILDREN. THE ORGANIZATION PUBLISHES FINDINGS TO RAISE AWARENESS AND ELEVATE PUBLIC DISCOURSE ON THE TOPIC, AND CREATES/ DISSEMINATES EDUCATIONAL MATERIAL AND TRAININGS TO FOSTER THE CONNECTIONS BETWEEN RESEARCH, POLICY, AND PRACTICE IN ALLEVIATING HOMELESSNESS AND EXTREME POVERTY FOR FAMILIES AND CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert E Seixas Director Of Culinary | 35 | $97,208 | |
Linda Mary Bazerjian Managing Director, C | 35 | $94,407 | |
Mary Jean Cummings Senior Communication | 35 | $62,582 | |
Steven Cohen Secretary | 2 | $0 | |
Michael Kalmus Treasurer | 2 | $0 | |
David Jones Board Member | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Andron Construction Corporation | 6/29/21 | $1,747,133 |
Msy Group Inc | 6/29/21 | $951,958 |
Levien & Company Inc | 6/29/21 | $83,075 |
Grant Thornton Llp | 6/29/21 | $59,488 |
Davis Wright Tremaine Llp | 6/29/21 | $59,136 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $9,372 |
| Interest on Savings | $0 |
| Dividends & Interest | $388,094 |
| Net Rental Income | $582,591 |
| Net Gain on Sale of Assets | $135,882 |
| Capital Gain Net Income | $135,882 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $5,973 |
| Other Income | $7,932,401 |
| Total Revenue | $9,054,313 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $310,255 |
| Pension plans, employee benefits | $88,820 |
| Interest | $471,348 |
| Taxes | $29,852 |
| Depreciation | $2,674,602 |
| Occupancy | $579,681 |
| Travel, conferences, and meetings | $2,179 |
| Printing and publications | $5,594 |
| Other expenses | $1,234,552 |
| Total operating and administrative expenses | $5,544,471 |
| Contributions, gifts, grants paid | $1,324,366 |
| Total expenses and disbursements | $6,868,837 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,758,769 |
| Savings and temporary cash investments | $755,202 |
| Net Accounts receivable | $736,917 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $58,692 |
| Net Investments - land, buildings, equipment | $51,534,577 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,504 |
| Total assets | $69,885,275 |
| Accounts payable and accrued expenses | $1,036,932 |
| Grants payable | $0 |
| Deferred revenue | $147,727 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $19,426,084 |
| Other liabilities | $2,316 |
| Total liabilities | $20,613,059 |
Grants Awarded
Over the last fiscal year, Homes For The Homeless Institute Inc has awarded $1,324,366 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: FOR FACILITIES AND PROGRAM OPERATIONS | $1,077,376 |
New York, NY PURPOSE: FOR EXTERNAL AFFAIR & CULINARY EDUCATION | $154,990 |
HOMES FOR THE HOMELESS - SUMMER CAMPS PURPOSE: FOR SUMMER CAMPS OPERATIONS | $92,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Homes For The Homeless Institute Inc has recieved totaling $124,472.
| Awarding Organization | Amount |
|---|---|
Homes For The Homeless Inc New York, NY PURPOSE: general support | $62,236 |
Homes For The Homeless Inc New York, NY PURPOSE: general support | $62,236 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Meadows Standardbred Owners Association Meadow Lands, PA | $2,546,597 | $10,372,771 |
Womens Prison Association And Home New York, NY | $6,652,586 | $9,309,545 |
Pradera Corporation Philadelphia, PA | $3,527,505 | $9,032,798 |
Homes For The Homeless Institute Inc New York, NY | $69,885,275 | $9,054,313 |
Initiative For A Competitive Inner City Inc Roxbury, MA | $11,137,097 | $6,700,624 |
Spring Meadows Association Of Responsible Tenants Inc Springfield, MA | $14,323,481 | $4,117,328 |
St Vincents Development Inc Trumbull, CT | $27,854,287 | $3,404,975 |
Bucks County Housing Group Inc Warminster, PA | $3,270,461 | $3,883,677 |
Mutual Housing Association Of Greater Hartford Inc Hartford, CT | $35,173,874 | $3,634,828 |
Monmouth Council No 9 Civil Service Association Housing Corporation Asbury Park, NJ | $13,033,199 | $4,484,843 |
Allentown Bnai Brith Housing Corp Allentown, PA | $7,631,458 | $3,117,871 |
Urban Homeownership Corp New York, NY | $1,496,101 | $1,881,775 |