Frontier Housing Corporation
- Assets
- $3.7m
- Revenue
- $845.3k
- Investments
- $0.0
- Employees
- 8
- Location
- Dexter, NY
- Founding
- 07/1981
- Data as of
- 12/2021
- EIN
- 16-1086304
Organization Overview
Frontier Housing Corporation is located in Dexter, NY. The organization was established in 1981. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Frontier Housing Corporation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frontier Housing Corporation 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 12/2021, Frontier Housing Corporation generated $845.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $805.9k during the year ending 12/2021. While expenses have increased by 0.7% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE AND IMPROVE HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE LOW AND VERY LOW INCOME HOUSING TO INDIVIDUALS,FAMILIES, THE ELDERLY, AND THE HANDICAPPED WHO MEET THE INCOME LEVEL REQUIREMENTS - SIXTY-SIX RENTAL UNITS
PROVIDE GRANT ASSISTANCE TO LOW AND VERY LOW INCOME HOME OWNERS FOR REHABILITATING SUBSTANDARD HOUSING
PROVIDE A RESTORED HISTORICAL COMMERCIAL FACILITY USED FOR LIGHT INDUSTRIAL MANUFACTURING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laurie Hulbert Executive Director | Trustee | 15 | $28,905 |
Cheryl Lane President | OfficerTrustee | 1 | $0 |
Rebecca Flath Treasurer/secretary | OfficerTrustee | 1 | $0 |
Kathy Finucane Vice President | OfficerTrustee | 1 | $0 |
Thomas Zecher Director | Trustee | 1 | $0 |
April Marvin Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $258,989 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $258,989 |
| Total Program Service Revenue | $562,457 |
| Investment income | $7,141 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $845,327 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $131,144 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $28,905 |
| Compensation of current officers, directors, key employees. | $12,718 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $126,828 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,018 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $313 |
| Fees for services: Accounting | $23,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $126 |
| Office expenses | $5,325 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $52,642 |
| Travel | $52 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,846 |
| Interest | $84,972 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $144,194 |
| Insurance | $68,657 |
| All other expenses | $19,012 |
| Total functional expenses | $805,879 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $444,334 |
| Savings and temporary cash investments | $421,704 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,741 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $713 |
| Net Land, buildings, and equipment | $2,260,951 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $530,969 |
| Total assets | $3,670,412 |
| Accounts payable and accrued expenses | $26,273 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,551,620 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $34,795 |
| Total liabilities | $1,612,688 |
| Net assets without donor restrictions | $1,571,859 |
| Net assets with donor restrictions | $485,865 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,670,412 |
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|---|---|---|
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Allegheny Council To Improve Our Neighborhoods-Housing Incorporated Pittsburgh, PA | $58,739,057 | $67,049,805 |
Commission On Economic Opportunity Of Luzerne County Wilkesbarre, PA | $24,684,280 | $41,061,242 |
Community First Fund Lancaster, PA | $129,035,730 | $44,963,943 |
Neighborhood Assistance Corporation Of America Boston, MA | $267,784,866 | $49,655,624 |
Womens Housing And Economic Development Corporation Bronx, NY | $29,527,353 | $27,859,543 |
Joint Ownership Entity New York City Corp New York, NY | $155,995,039 | $17,434,025 |
Breaking Ground Housing Development Fund Corporation New York, NY | $193,138,085 | $25,961,669 |
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