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Nonprofiteer
← HOMESPACE CORPORATION

Form 990 for tax year 2025

Filed by HOMESPACE CORPORATION.

Totals

Total revenue
$4,213,742
Total expenses
$4,246,273
Contributions and grants received
$609,586
Grants paid
$0
Program service revenue
$3,584,358
Investment income
$19,434
Other revenue
$364
Total assets, end of year
$3,156,149
Total liabilities, end of year
$158,603
Net assets or fund balances, end of year
$2,997,546
Program services expenses (Part IX)
$3,925,909
Management and general expenses
$243,767
Fundraising expenses
$76,597
Program service expenses (Part III)
$3,925,909

Program services were 92.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $91,037

  • 1f · All other contributions, gifts and grants

    $518,549

  • 1g · Noncash contributions included above

    $26,565

  • 2a · Program service revenue: RESIDENT SHELTER ALLOW

    total $3,584,358 · related or exempt $3,584,358

  • 3 · Investment income

    total $19,434 · excluded $19,434

  • 11a · Other revenue: OTHER INCOME

    total $364 · related or exempt $364

  • 11e · Other revenue, total

    $364

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $123,669 · program services $112,841 · management and general $8,027 · fundraising $2,801

  • 7 · Other salaries and wages

    total $2,220,898 · program services $2,026,456 · management and general $144,145 · fundraising $50,297

  • 8 · Pension plan contributions

    total $27,536 · program services $26,104 · management and general $716 · fundraising $716

  • 9 · Other employee benefits

    total $156,216 · program services $148,092 · management and general $4,062 · fundraising $4,062

  • 10 · Payroll taxes

    total $188,399 · program services $178,603 · management and general $4,898 · fundraising $4,898

  • 11b · Fees: legal

    total $6,229 · program services $3,841 · management and general $2,388

  • 11c · Fees: accounting

    total $19,588 · program services $12,080 · management and general $7,508

  • 13 · Office expenses

    total $43,493 · program services $40,863 · management and general $1,851 · fundraising $779

  • 16 · Occupancy

    total $191,030 · program services $166,253 · management and general $24,777

  • 19 · Conferences, conventions and meetings

    total $13,893 · program services $12,836 · management and general $1,057

  • 22 · Depreciation, depletion and amortization

    total $139,835 · program services $139,835

  • 23 · Insurance

    total $74,700 · program services $63,495 · management and general $11,205

  • 24a · Other expenses: PROGRAM SUPPLIES

    total $440,822 · program services $414,588 · management and general $26,234

  • 24b · Other expenses: BAD DEBT

    total $354,648 · program services $354,648

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $132,187 · program services $132,187

  • 24d · Other expenses: DUES, LICENSES AND SUBS

    total $52,874 · program services $48,841 · management and general $4,033

  • 24e · All other expenses

    total $60,256 · program services $44,346 · management and general $2,866 · fundraising $13,044

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $228,793 · end of year $533,021

  • 4 · Accounts receivable

    beginning of year $679,253 · end of year $548,181

  • 9 · Prepaid expenses and deferred charges

    beginning of year $22,864 · end of year $11,215

  • 10a · Land, buildings and equipment: cost or other basis

    $3,554,335

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,179,229

  • 10c · Land, buildings and equipment, net

    beginning of year $1,437,637 · end of year $1,375,106

  • 11 · Investments: publicly traded securities

    beginning of year $733,883 · end of year $660,391

  • 14 · Intangible assets

    beginning of year $8,688 · end of year $0

  • 15 · Other assets

    beginning of year $17,953 · end of year $28,235

  • 17 · Accounts payable and accrued expenses

    beginning of year $146,542 · end of year $158,135

  • 25 · Other liabilities

    beginning of year $9,561 · end of year $468

  • 27 · Net assets without donor restrictions

    beginning of year $2,949,259 · end of year $2,964,856

  • 28 · Net assets with donor restrictions

    beginning of year $23,709 · end of year $32,690

Mission and programs · 2025

Mission

HOMESPACE PROVIDES COMPREHENSIVE SERVICES TO YOUTH AND FAMILIES IMPACTED BY THE FOSTER CARE SYSTEM, AND OTHER HEALTH DISPARITIES, THROUGH BUILDING ON STRENGTHS, PROVIDING SUPPORTS, AND INSTILLING SKILLS THAT LAY THE FOUNDATION FOR SUCCESSFUL COMMUNITY LIVING.

  • HOMESPACE PROVIDES A SAFE AND NURTURING RESIDENTIAL ENVIRONMENT FOR YOUTH IN FOSTER CARE AND YOU NG ADULTS TRANSITIONING TO INDEPENDENCE. THROUGH HOUSING, LIFE SKILLS DEVELOPMENT, EDUCATIONAL SUPPORT, AND INDIVIDUALIZED GUIDANCE, HOMESPACE EMPOWERS THE INDIVIDUALS IT SERVES TO BUILD STABILITY AND BECOME INDEPENDENT MEMBERS OF THE COMMUNITY. HOMESPACE ALSO PROVIDES HOUSING STABILIZATION AND SUPPORTIVE SERVICES ASSISTING INDIVIDUALS IN THE COMMUNITY WHO NEED SUPPORT MAINTAINING SAFE AND STABLE HOUSING.

    Expenses $3,925,909 · Revenue $3,584,722

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Cindi McEachon

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Delawndrea Purdue-Grant

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Schulefand

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Alfonso Harris

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Cheyenne Freely

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Everett Pefley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Javeena Edwards

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jerry Irving

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Karen Edmond

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michele Messina

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Nicholas Maggi

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lindsey Carter

    EXECUTIVE DIRECTOR / CEO

    Total calculated
    $135,085
    From this org
    $123,669
    From related orgs
    $0
    Other
    $11,416
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2025
Filed
14 May 2026
IRS schema version
2025v4.1
Source object
202611349349303696

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