Homes For The Homeless Institute Inc
- Assets
- $70.1m
- Revenue
- $10.1m
- Investments
- $11.2m
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/1997
- Data as of
- 06/2023
- 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 06/2023, Homes For The Homeless Institute Inc generated $10.1m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $8.4m during the year ending 06/2023. While expenses have increased by 7.0% per year over the past 5 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.
Since 2018, Homes For The Homeless Institute Inc has awarded 13 individual grants totaling $9,612,347. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
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 |
|---|---|---|---|
Steven Cohen Secretary | 2 | $0 | |
Michael Kalmus Treasurer | 2 | $0 | |
David Jones Board Member (thru 06/2023) | 2 | $0 | |
David Webb Chairman | 2 | $0 | |
Peter J Jenik Board Member | 2 | $0 | |
Steve Krause Board Member | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Atlas Fence And Railing Company | 6/29/22 | $51,125 |
Msy Group Inc | 6/29/22 | $892,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $242 |
| Dividends & Interest | $463,560 |
| Net Rental Income | $584,566 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9,043,393 |
| Total Revenue | $10,091,761 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $265 |
| Interest | $926,748 |
| Taxes | $90,000 |
| Depreciation | $2,380,595 |
| Occupancy | $586,520 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,779,820 |
| Total operating and administrative expenses | $5,849,843 |
| Contributions, gifts, grants paid | $2,587,875 |
| Total expenses and disbursements | $8,437,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $305,053 |
| Savings and temporary cash investments | $4,013,099 |
| Net Accounts receivable | $3,345,739 |
| 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 | $31,058 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $48,312,334 |
| Other assets | $2,921,401 |
| Total assets | $70,103,524 |
| Accounts payable and accrued expenses | $1,269,860 |
| Grants payable | $0 |
| Deferred revenue | $1,901,209 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $15,340,605 |
| Other liabilities | $507 |
| Total liabilities | $18,512,181 |
Grants Awarded
Over the last fiscal year, Homes For The Homeless Institute Inc has awarded $2,587,875 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
HOMES FOR THE HOMELESS - SUMMER CAMPS PURPOSE: FOR SUMMER CAMPS OPERATIONS | $550,000 |
HOMES FOR THE HOMELESS INC PURPOSE: FOR FACILITIES AND PROGRAM OPERATIONS | $841,620 |
SENIOR ISLE INN INC PURPOSE: FOR FACILITIES AND PROGRAM OPERATIONS | $1,196,255 |