Homestead Inc
- Assets
- $1.4m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Woodstock, VT
- Founding
- 12/1957
- Data as of
- 03/2022
- EIN
- 03-0195636
Organization Overview
Homestead Inc is located in Woodstock, VT. The organization was established in 1957. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Homestead 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 03/2022, Homestead Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $1.1m during the year ending 03/2022. While expenses have increased by 7.5% per year over the past 3 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HOMESTEAD, INC. WAS FOUNDED IN 1957 AND IS A HOME FOR SENIOR CITIZENS IN THE WOODSTOCK, VT AREA. THE HOMESTEAD ACCOMODATES UP TO 24 RESIDENTS AT ONE TIME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Hunt Former Executive Director | 40 | $84,919 | |
Kerri Elkouh Executive Director | 40 | $12,308 | |
Gregory Camp Clerk | 1 | $0 | |
Joseph Swanson Treasurer | 1 | $0 | |
Rick Tobiason President | 1 | $0 | |
Beatrice Jennings Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $656,641 |
| Interest on Savings | $713 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $600 |
| Capital Gain Net Income | $600 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $433,325 |
| Total Revenue | $1,091,279 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $97,227 |
| Other employee salaries and wages | $454,967 |
| Pension plans, employee benefits | $150,243 |
| Interest | $0 |
| Taxes | $41,308 |
| Depreciation | $40,629 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $255,315 |
| Total operating and administrative expenses | $1,065,583 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,065,583 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $697,635 |
| Net Accounts receivable | $5,195 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $2,652 |
| Prepaid expenses and deferred charges | $21,696 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $633,502 |
| Other assets | $8,932 |
| Total assets | $1,369,612 |
| Accounts payable and accrued expenses | $27,897 |
| Grants payable | $0 |
| Deferred revenue | $80,324 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $108,221 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Homestead Inc has recieved totaling $696,640.
| Awarding Organization | Amount |
|---|---|
Marianne G Faulkner Trust Uw Fbo Various Charitable Organizations Chicago, IL PURPOSE: GENERAL | $473,431 |
Vermont Community Foundation Middlebury, VT PURPOSE: GENERAL PURPOSE | $223,209 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Center For New York City New York, NY | $125,177,702 | $23,546,233 |
The Prospect-Woodward Home Keene, NH | $98,470,957 | $10,325,465 |
The Housing Partnership Network Inc Boston, MA | $38,640,476 | $16,875,187 |
Building Homes For Heroes Inc Island Park, NY | $15,491,113 | $13,729,241 |
Taconic Innovations Inc Wappingers Falls, NY | $14,026,966 | $12,196,980 |
The Crenulated Company Ltd New York, NY | $9,182,171 | $10,442,755 |
Living Independently Forever Inc Hyannis, MA | $12,273,693 | $10,857,981 |
Civic Builders Inc New York, NY | $87,716,137 | $21,789,241 |
Buffalo Federation Of Neighborhood Centers Inc Buffalo, NY | $8,954,316 | $11,146,328 |
Grand Street Guild East Housing Development Fund Company Inc Garden City, NY | $32,476,672 | $9,886,793 |
Grand Street Guild Hdfc Inc Garden City, NY | $33,829,247 | $10,532,897 |
Aishes Chayil Dkiryas Joel Mothers Relief Center Inc Monroe, NY | $15,335,659 | $8,593,002 |