Belmont Housing Resources For Wny Inc

Organization Overview

Belmont Housing Resources For Wny Inc is located in Buffalo, NY. The organization was established in 1977. According to its NTEE Classification (L02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Belmont Housing Resources For Wny Inc employed 155 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Belmont Housing Resources For Wny 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 12/2021, Belmont Housing Resources For Wny Inc generated $9.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $7.7m during the year ending 12/2021. While expenses have increased by 3.8% 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

OUR MISSION IS TO EXPAND AFFORDABLE HOUSING OPPORTUNITIES IN WESTERN NEW YORK BY ASSISTING LOW AND MODERATE INCOME HOUSEHOLDS TO OBTAIN HOUSING, BY PRODUCING AND PRESERVING HOUSING UNITS, AND BY PROFESSIONALLY MANAGING AFFORDABLE HOUSING.

Describe the Organization's Program Activity:

SEE DETAILED DESCRIPTION OF PROGRAM SERVICE ACCOMPLISHMENTS FOR LINE #4A ON SCHEDULE O.


SEE DETAILED DESCRIPTION OF PROGRAM SERVICE ACCOMPLISHMENTS FOR LINE #4B ON SCHEDULE O.


SEE DETAILED DESCRIPTION OF PROGRAM SERVICE ACCOMPLISHMENTS FOR LINE #4C ON SCHEDULE O.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
M&b Contractors
Construction
$291,296
Surety Remodeling
Construction
$168,822
M&v General Contracting
Construction
$100,875
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$95,617
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,727,337
All other contributions, gifts, grants, and similar amounts not included above$365,351
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,188,305
Total Program Service Revenue$6,652,162
Investment income $243,386
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $395,283
Net Gain/Loss on Asset Sales $82,870
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $9,706,045

Grants Recieved

Over the last fiscal year, we have identified 10 grants that Belmont Housing Resources For Wny Inc has recieved totaling $284,506.

Awarding OrganizationAmount
United Way Of Buffalo And Erie County

Buffalo, NY

PURPOSE: PROGRAM FUNDING

$117,975
United Way Of Buffalo And Erie County

Buffalo, NY

PURPOSE: FAMILY HOUSING STABILITY CASE MANAGEMENT

$76,560
Homeless Alliance Of Western New York Inc

Buffalo, NY

PURPOSE: CONTINUUM OF CARE PLANNING FUNDS THROUGH THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

$33,364
United Way Of Buffalo And Erie County

Buffalo, NY

PURPOSE: UNITED WAY OF NYS COVID 19 COMMUNNITY RESPONSE

$16,500
The Center For New York City

New York, NY

PURPOSE: HOUSING & LEGAL COUNSELING

$12,500
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$10,000
View Grant Recipient Profile

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