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Nonprofiteer
← HOMSITE FUND INC

Form 990 for tax year 2023

Filed by HOMSITE FUND INC.

Totals

Total revenue
$333,879
Total expenses
$350,382
Contributions and grants received
$165,374
Grants paid
$0
Program service revenue
$167,149
Investment income
$69
Other revenue
$1,287
Total assets, end of year
$444,663
Total liabilities, end of year
$158,874
Net assets or fund balances, end of year
$285,789
Program services expenses (Part IX)
$150,334
Management and general expenses
$200,048
Fundraising expenses
$0
Program service expenses (Part III)
$150,334

Program services were 42.9% 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)

    $164,374

  • 1f · All other contributions, gifts and grants

    $1,000

  • 2a · Program service revenue: LOAN REVENUE

    total $98,693 · related or exempt $98,693

  • 2b · Program service revenue: RENTAL REVENUE

    total $68,456 · related or exempt $68,456

  • 3 · Investment income

    total $69 · excluded $69

  • 11a · Other revenue: OTHER INCOME

    total $1,287 · related or exempt $1,287

  • 11e · Other revenue, total

    $1,287

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $1,520 · program services $1,520

  • 11c · Fees: accounting

    total $9,000 · program services $9,000

  • 12 · Advertising and promotion

    total $60 · program services $60

  • 13 · Office expenses

    total $826 · program services $826

  • 16 · Occupancy

    total $52,833 · program services $52,833

  • 22 · Depreciation, depletion and amortization

    total $2,193 · program services $2,193

  • 24a · Other expenses: SHARED SERVICES

    total $200,000 · management and general $200,000

  • 24b · Other expenses: GRANT EXPENSE

    total $33,569 · program services $33,569

  • 24c · Other expenses: LOAN EXPENSE

    total $30,583 · program services $30,583

  • 24d · Other expenses: BAD DEBT

    total $12,201 · program services $12,201

  • 24e · All other expenses

    total $7,597 · program services $7,549 · management and general $48

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $209,254 · end of year $338,717

  • 4 · Accounts receivable

    beginning of year $97,405 · end of year $73

  • 7 · Other notes and loans receivable

    beginning of year $97,413 · end of year $0

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

    $406,900

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

    $377,654

  • 10c · Land, buildings and equipment, net

    beginning of year $31,438 · end of year $29,246

  • 15 · Other assets

    beginning of year $78,108 · end of year $76,627

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,670 · end of year $6,933

  • 19 · Deferred revenue

    beginning of year $99,395 · end of year $1,449

  • 21 · Escrow or custodial account liability

    beginning of year $43,430 · end of year $96,187

  • 23 · Secured mortgages and notes payable

    beginning of year $50,000 · end of year $50,000

  • 25 · Other liabilities

    beginning of year $5,831 · end of year $4,305

  • 27 · Net assets without donor restrictions

    beginning of year $302,292 · end of year $285,789

Mission and programs · 2023

Mission

TO HELP THE UNDERPRIVILEDGED BY PROVIDING COUNSELING, JOB TRAINING, RENTAL ASSISTANCE AND HOUSING REHABILITATION SERVICES TO QUALIFIED RESIDENTS.

Activities or mission (Part I)

HOMSITE FUND IS A NONPROFIT COMMUNITY BASED DEVELOPMENT ORGANIZATION FOCUSED ON PROVIDING HOUSING AND COMMUNITY DEVELOPMENT SERVICES GEARED TO IMPROVING THE LIVES OF LOW AND MODERATE INCOME PERSONS LIVING IN THE CITY OF AUBURN.

  • NEIGHBORHOOD PRESERVATION PROGRAM - OPERATING SUPPORT FOR COMMUNITY DEVELOPMENT, NEIGHBORHOOD PRESERVATION ACTIVITIES.

    Expenses $53,903 · Revenue $129,724

  • HOME REPAIR ASSISTANCE PROGRAM - ADMINISTRATIVE AND HOME IMPROVEMENT FINANCING FOR LOW-TO-MODERATE INCOME HOMEOWNERS LIVING IN THE CITY OF AUBURN NEEDING TO MAKE EMERGENCY REPAIRS.

    Expenses $31,431 · Revenue $31,431

  • LOW INCOME HOUSING - THE AGENCY OPERATES FOUR 2-3 UNIT PROPERTIES FOR LOW INCOME INDIVIDUALS OR FAMILIES.

    Expenses $65,000 · Revenue $65,000

As filed on the 2023 return.

Listed in Part VII

  • LISA ENGE

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • KERRY QUAGLIA

    DIRECTOR

    Total calculated
    $207,425
    From this org
    $0
    From related orgs
    $188,405
    Other
    $19,020
    Hours/week
    1 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $188,405 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $11,304 related
    Nontaxable benefits
    $0 + $7,716 related
    Filer's total
    $0 + $207,425 related

  • CRAIG MIETZ

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • ELIZABETH DOMINGUEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ASHLEY MCLEOD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BOB PADULA

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • JACK HARDY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TRICIA BAUER

    CFO

    Total calculated
    $147,339
    From this org
    $0
    From related orgs
    $138,906
    Other
    $8,433
    Hours/week
    1 + 40 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3
FOR ALL ENTITIES COMPENSATION IS DETEREMINED FOR TOP MANAGEMENT OFFICIALS THROUGH THE APPROVAL OF THE EXECUTIVE DIRECTOR AND/OR EXECUTIVE COMMITTEE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • HOME HEADQUARTERS INC

    501(C)(3) · PROVIDE HOMEBUYING EDUCATIONAL COURSES AS WELL AS POST-PURCHASE COUNSELING. · NY

  • CNY AFFORDABLE REALTY INC

    501(C)(3) · TO FACILITATE THE RENTAL AND SALE OF HOMES TO LOW INCOME INDIVIDUALS · NY

    Directly controlled by HOME HEADQUARTERS INC

  • CAYUGA DEVELOPMENTS INC

    501(C)(4) · TO PROVIDE COUNSELING, JOB TRAINING, RENTAL ASSISTANCE AND HOUSING REHAB. · NY

    Directly controlled by HOME HEADQUARTERS INC

  • HOMSITE HOLDING CO INC

    501(C)(2) · TO PROVIDE COUNSELING, JOB TRAINING, RENTAL ASSISTANCE AND HOUSING REHAB. · NY

    Directly controlled by HOME HEADQUARTERS INC

  • CAYUGA COUNTY HOMSITE DEVELOPMENT CORPORATION

    501(C)(3) · TO PROVIDE COUNSELING, JOB TRAINING, RENTAL ASSISTANCE AND HOUSING REHAB. · NY

    Directly controlled by HOME HEADQUARTERS INC

  • OPPORTUNITY HEADQUARTERS

    501(C)(3) · TO PROVIDE CONSTRUCTION APPRENTICE TRAINING AND CONSTRUCTION SERVICES. · NY

    Directly controlled by HOME HEADQUARTERS INC

  • SYRACUSE MODEL NEIGHBORHOOD CORPORATION

    501(C)(3) · TO PROVIDE HOUSING FOR LOW TO MODERATE INCOME FAMILIES · NY

    Directly controlled by HOME HEADQUARTERS INC

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
22 August 2024
IRS schema version
2023v5.1
Source object
202432359349300903

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