Homespace Corporation
- Assets
- $3.5m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 86
- Location
- Buffalo, NY
- Founding
- 08/1991
- Data as of
- 12/2021
- 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 12/2021, Homespace Corporation employed 86 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 12/2021, Homespace Corporation generated $3.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $3.3m during the year ending 12/2021. While expenses have increased by 9.9% 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
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Morris Executive Director (to 5/13/21) | Officer | 40 | $103,581 |
Lindsay Batrowny Board Member/treasurer | OfficerTrustee | 1 | $0 |
Thomas Dina Board Member/secretary | OfficerTrustee | 1 | $0 |
Rachel Cappellino Board Member/vice President | OfficerTrustee | 1 | $0 |
James Zawodzinski Board Member/president | OfficerTrustee | 1 | $0 |
Rebekah Kimble Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $187,398 |
| Noncash contributions included in lines 1a–1f | $15,235 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $187,398 |
| Total Program Service Revenue | $2,873,310 |
| Investment income | $17,105 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $15,290 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,108,074 |
| 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. | $103,581 |
| Compensation of current officers, directors, key employees. | $6,456 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,750,177 |
| Pension plan accruals and contributions | $20,680 |
| Other employee benefits | $191,103 |
| Payroll taxes | $150,915 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,455 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,274 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,263 |
| Office expenses | $30,416 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $164,219 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,046 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $122,790 |
| Insurance | $60,483 |
| All other expenses | $19,582 |
| Total functional expenses | $3,327,760 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $503,357 |
| Savings and temporary cash investments | $16,700 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $860,170 |
| 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 | $20,961 |
| Net Land, buildings, and equipment | $1,375,757 |
| Investments—publicly traded securities | $666,744 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,342 |
| Total assets | $3,460,031 |
| Accounts payable and accrued expenses | $176,880 |
| 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 | $0 |
| Total liabilities | $176,880 |
| Net assets without donor restrictions | $3,220,401 |
| Net assets with donor restrictions | $62,750 |
| 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 | $3,460,031 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Homespace Corporation has recieved totaling $18,682.
| Awarding Organization | Amount |
|---|---|
Community Foundation For Greater Buffalo Inc Buffalo, NY PURPOSE: UNRESTRICTED USE; RENOVATION OF HOUSING UNIT #13 FOR HOMELESS TEENS | $18,682 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
1260 Housing Development Corporation Philadelphia, PA | $75,955,661 | $16,577,131 |
Services For The Underserved Inc New York, NY | $8,662,192 | $15,624,121 |
Hudson River Housing Poughkeepsie, NY | $27,296,400 | $16,670,773 |
Division Housing Corporation Brooklyn, NY | $37,066,960 | $16,618,579 |
Cambridge Affordable Housing Corporation Cambridge, MA | $128,682,054 | $13,147,216 |
Affordable Housing Alliance Inc Neptune, NJ | $23,008,220 | $15,041,931 |
New Community Corporation Newark, NJ | $92,222,632 | $16,838,314 |
Boston Tremont Housing Development Fund Corporation New York, NY | $28,761,784 | $24,917,100 |
Highbridge Community Housing Development Fund Corporation Bronx, NY | $37,198,979 | $10,077,862 |
Harlem West Ii Housing Dev Fund Co Inc New York, NY | $7,149,098 | $1,214,746 |
Housing Development Corporation Midatlantic Lancaster, PA | $24,908,226 | $11,939,671 |
Augustus & James Corporation New York, NY | $14,865,131 | $12,141,215 |