Frontier Housing Corporation
- Assets
- $3.5m
- Revenue
- $781.0k
- Investments
- $0.0
- Employees
- 8
- Location
- Dexter, NY
- Founding
- 07/1981
- Data as of
- 12/2022
- 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 12/2022, 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 12/2022, Frontier Housing Corporation generated $781.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $884.8k during the year ending 12/2022. While expenses have increased by 1.8% per year over the past 8 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
2022
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 |
|---|---|---|---|
Cheryl Lane President | OfficerTrustee | 1 | $0 |
Rebecca Flath Treasurer | OfficerTrustee | 1 | $0 |
Kathy Finucane Director | Trustee | 1 | $0 |
Beth Todd Secretary | OfficerTrustee | 1 | $0 |
George Youngs Director | Trustee | 1 | $0 |
Laurie Hulbert Executive Director | Trustee | 15 | $35,388 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $208,315 |
| 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 | $208,315 |
| Total Program Service Revenue | $559,971 |
| Investment income | $4,000 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,241 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $780,955 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $114,015 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $35,388 |
| Compensation of current officers, directors, key employees. | $17,694 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $163,926 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,932 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,524 |
| Fees for services: Accounting | $18,635 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,288 |
| Office expenses | $11,525 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $66,187 |
| Travel | $457 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $77,961 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $143,976 |
| Insurance | $70,892 |
| All other expenses | $15,812 |
| Total functional expenses | $884,763 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $352,317 |
| Savings and temporary cash investments | $455,884 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,403 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,153,543 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $542,911 |
| Total assets | $3,524,058 |
| Accounts payable and accrued expenses | $24,733 |
| 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 | $1,498,717 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $39,625 |
| Total liabilities | $1,563,075 |
| Net assets without donor restrictions | $1,475,118 |
| 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 | $3,524,058 |