Homespace Corporation
- Assets
- $3.5m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 85
- Location
- Buffalo, NY
- Founding
- 08/1991
- Data as of
- 12/2022
- EIN
- 16-1360009
Organization Overview
Homespace Corporation is located in Buffalo, NY. The organization was established in 1991. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Homespace Corporation employed 85 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Homespace 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, Homespace Corporation generated $3.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $3.4m during the year ending 12/2022. While expenses have increased by 9.1% 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
TO SUPPORT AT-RISK YOUNG WOMEN TO ACHIEVE INDEPENDENCE TWO GENERATIONS AT A TIME. HOMESPACE STRIVES TO BE THE PREMIER AGENCY IN WESTERN NEW YORK THAT PROVIDES SERVICES FOR AT-RISK WOMEN AND EMPOWERS THEM TO BE INDEPENDENT MEMBERS OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED A SAFE AND NURTURING TRANSITIONAL LIVING ENVIRONMENT, WITH SUPPORTIVE SERVICES FOR SINGLE PARENT FAMILIES AND INDIVIDUALS, THAT PREPARES THEM TO ACHIEVE AND MAINTAIN THEIR INDEPENDENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lindsay Batrowny Board Member/treasurer | OfficerTrustee | 1 | $0 |
Rebekah Kimble Board Member | Trustee | 1 | $0 |
Jason Maciejewski Board Member | Trustee | 1 | $0 |
Cheyenne Oar Board Member | Trustee | 1 | $0 |
Thomas Dina Board Member/secretary | OfficerTrustee | 1 | $0 |
James Zawodzinski Board Member/president | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $168,626 |
| All other contributions, gifts, grants, and similar amounts not included above | $64,712 |
| Noncash contributions included in lines 1a–1f | $12,405 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $233,338 |
| Total Program Service Revenue | $3,295,344 |
| Investment income | $20,882 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,979 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,559,782 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $112,972 |
| Compensation of current officers, directors, key employees. | $7,908 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,868,787 |
| Pension plan accruals and contributions | $19,126 |
| Other employee benefits | $163,243 |
| Payroll taxes | $158,524 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $54,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,816 |
| Fees for services: Other | $0 |
| Advertising and promotion | $22,133 |
| Office expenses | $37,149 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $156,962 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,488 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $122,999 |
| Insurance | $52,846 |
| All other expenses | $17,589 |
| Total functional expenses | $3,430,476 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $405,741 |
| Savings and temporary cash investments | $16,705 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,055,811 |
| 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 | $29,140 |
| Net Land, buildings, and equipment | $1,360,308 |
| Investments—publicly traded securities | $578,880 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $20,261 |
| Other assets | $16,523 |
| Total assets | $3,483,369 |
| Accounts payable and accrued expenses | $169,145 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $13,490 |
| Total liabilities | $182,635 |
| Net assets without donor restrictions | $3,175,947 |
| Net assets with donor restrictions | $124,787 |
| 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 | $3,483,369 |