Snow Belt Housing Company Inc
- Assets
- $2.9m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 15
- Location
- Lowville, NY
- Founding
- 08/1983
- Data as of
- 09/2021
- EIN
- 22-2391978
Organization Overview
Snow Belt Housing Company Inc is located in Lowville, NY. The organization was established in 1983. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 09/2021, Snow Belt Housing Company Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Snow Belt Housing Company 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 09/2021, Snow Belt Housing Company Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $1.5m during the year ending 09/2021. While expenses have increased by 6.2% per year over the past 6 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 VIABLE AND AFFORDABLE HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFFORDABLE TENANCY: PROVIDE LOW INCOME HOUSING FOR ELIGIBLE INDIVIDUALS 65+ AND HANDICAP INDIVIDUALS OF ALL AGES.
HOME REPAIR PROGRAM: PROVIDE ASSISTANCE TO LOW AND VERY LOW INCOME HOME OWNERS FOR REHABILITATION AND REPAIR OF THEIR HOMES.
FIRST-TIME HOMEBUYERS: TO PROVIDE DOWNPAYMENT TO FIRST-TIME HOMEBUYERS IN LEWIS COUNTY, NEW YORK.
AFFORDABLE TENANCY: PROVIDE LOW INCOME HOUSING FOR ELIGIBLE INDIVIDUALS 65+ AND HANDICAP INDIVIDUALS OF ALL AGES.
HOME REPAIR PROGRAM: PROVIDE ASSISTANCE TO LOW AND VERY LOW INCOME HOME OWNERS FOR REHABILITATION AND REPAIR OF THEIR HOMES.
FIRST-TIME HOMEBUYERS: TO PROVIDE DOWNPAYMENT TO FIRST-TIME HOMEBUYERS IN LEWIS COUNTY, NEW YORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jaylyn Heames Executive Director | Officer | 40 | $9,627 |
Dennis Mastascusa Chairman | OfficerTrustee | 1 | $0 |
Glen Gagnier Secretary | OfficerTrustee | 1 | $0 |
Nancy Fruin Treasurer | OfficerTrustee | 1 | $0 |
Nicole Dubach Director | Trustee | 1 | $0 |
Michael Young Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,108,163 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,028 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,111,191 |
| Total Program Service Revenue | $358,922 |
| Investment income | $202 |
| 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 | $1,476,354 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $824,831 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $9,627 |
| Compensation of current officers, directors, key employees. | $3,645 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $275,049 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $59,298 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,917 |
| Advertising and promotion | $3,126 |
| Office expenses | $5,093 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,418 |
| Travel | $13,778 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,310 |
| Interest | $2,742 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $114,328 |
| Insurance | $26,522 |
| All other expenses | $3,384 |
| Total functional expenses | $1,469,488 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $145,353 |
| Savings and temporary cash investments | $31,011 |
| Pledges and grants receivable | $71,966 |
| Accounts receivable, net | $80,311 |
| 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 | $2,463 |
| Net Land, buildings, and equipment | $2,370,798 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $190,654 |
| Total assets | $2,892,556 |
| Accounts payable and accrued expenses | $22,947 |
| Grants payable | $0 |
| Deferred revenue | $79,889 |
| 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 | $1,401,323 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $17,750 |
| Total liabilities | $1,521,909 |
| Net assets without donor restrictions | $1,370,647 |
| Net assets with donor restrictions | $0 |
| 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 | $2,892,556 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Snow Belt Housing Company Inc has recieved totaling $7,024.
| Awarding Organization | Amount |
|---|---|
Northern New York Community Foundation Inc Watertown, NY PURPOSE: GENERAL SUPPORT | $7,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $24 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Champlain Housing Tr Burlington, VT | $156,492,954 | $31,041,858 |
Shared Support South Inc Warrington, PA | $9,549,705 | $20,704,692 |
Viecare Butler Llc Cranberry Township, PA | $15,820,808 | $20,591,438 |
Valley View Haven Inc Belleville, PA | $35,512,325 | $21,268,828 |
The Arc Morris County Chapter Nj Inc Morris Plains, NJ | $23,360,035 | $22,219,596 |
Pathways To Housing Pa Philadelphia, PA | $7,362,789 | $17,371,070 |
Neville Communities Home Inc Cambridge, MA | $11,055,368 | $17,412,264 |
Affordable Housing And Services Collaborative Inc Braintree, MA | $170,389,416 | $17,704,653 |
Fairhaven Healthcare Center Inc Lowell, MA | $23,711,383 | $11,897,110 |
Jewish Federation Housing Development Fund Company Buffalo, NY | $0 | $1,951,149 |
National Affordable Housing Foundation Schenectady Inc Waltham, MA | $11,290,760 | $3,782,521 |
Alfa Development Inc Newfoundland, NJ | $12,469,438 | $16,200,874 |