Homesteads For Hope Inc
- Assets
- $1.7m
- Revenue
- $474.8k
- Investments
- $0.0
- Employees
- 6
- Location
- Rochester, NY
- Founding
- 07/2014
- Data as of
- 12/2020
- EIN
- 46-2731613
Organization Overview
Homesteads For Hope Inc is located in Rochester, NY. The organization was established in 2014. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2020, Homesteads For Hope Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Homesteads For Hope 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 12/2020, Homesteads For Hope Inc generated $474.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 61.7% each year . All expenses for the organization totaled $468.8k during the year ending 12/2020. While expenses have increased by 43.0% per year over the past 5 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP SUSTAINABLE LIFESTYLES, ENVIRONMENTS, AND FUTURES BY CREATING AN INCLUSIVE COMMUNITY TO SERVE ALL INDIVIDUALS WITHOUT DISTINCTION. THE PERSON-CENTERED LIFESTYLE WILL BE SUSTAINED BY THE INDIVIDUAL WITH ADDITIONAL SUPPORT WITHIN THE NATURAL COMMUNITY TO CREATE MEASURABLE OUTCOMES. THE PERSON-CENTERED ENVIRONMENT WILL EDUCATE THE INDIVIDUAL TO BECOME AS SELF-SUFFICIENT AS POSSIBLE AND A MEANINGFUL PART OF THEIR COMMUNITY. THE PERSON-CENTERED FUTURE WILL ENSURE SELF-DIRECTION, QUALITY OF LIFE, PURPOSE, AND A FOREVER HOMESTEAD THAT ALWAYS OFFERS AN OPEN DOOR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
READY SET WORK! CONTINUED THIS YEAR. THIS PROGRAM CREATES WORK READINESS BY PROVIDING SKILLS-BASED LEARNING FOR INDIVIDUALS WITH I/DD OVER THE AGE OF 18 AND SUPPORTED BY AN INDIVIDUAL SERVICE PLAN. THE PROGRAM HAD AN AVERAGE ENROLLMENT OF 18 STUDENTS FROMJANUARY TO DECEMBER. THESE STUDENTS ACQUIRED SKILLS TO WORK IN FARMING, CONSTRUCTION, HYDROPONICS, WOOD WORKING, BEE KEEPING, AAND SOFT SKILLS. ALL OF THIS ALLOWS THEM TO WORK IN THE COMMUNITY FARM MARKET, HOMESTEAD'S FARM STORE, AND OTHER LOCAL FARMS.
SUCCESSFULLY CONTINUED PROGRAMMING, MEMBERSHIPS AND CLASSES ON OUR CANALSIDE COMMUNITY FARM WHICH IN TURN ALLOWED PARTICIPANTS, VOLUNTEERS AND THEIR FAMILIES LEARN, WORK, LIVE AND GROW IN NATURE'S CLASSROOM.
HOMESTEADS FOR HOPE INC OFFERS SEVERAL INCLUSIVE EXPERIENCES FOR PEOPLE OF ALL AGESM ABILITIES AND DIVERSITIES. THESE INCLUDE COMMUNITY CLASSES, BOWLING LEAGUE, FARM EXPLORERS, HOPE CREW, AND SOCIAL GARDENING. THESE OPTIONS ARE OFFERED TO INDIVIDUALS AGED 13 AND OVER WITH A GOAL OF GIVING THEM A CHANCE TO SOCIALIZE WITH LIKE-MINDED PEERS IN AN INCLUSIVE ENVIRONMENT ON THE FARM AND AROUND THE COMMUNITY. THIS PROGRAM BEGAN IN 2019 AND HAS BEEN POPULAR EVER! THE AVERAGE AGE OF STUDENTS WHO ENROLL IN THIS PROGRAM ARE 16.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jenny Brongo President | OfficerTrustee | 40 | $39,375 |
Ann Saylor Treasurer | OfficerTrustee | 10 | $13,600 |
Brian Brase Vice President | OfficerTrustee | 30 | $0 |
Stephanie Clinton Secretary | OfficerTrustee | 2 | $0 |
Paul Montanarello Board Member | Trustee | 1 | $0 |
Mike Baum Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $40,300 |
| All other contributions, gifts, grants, and similar amounts not included above | $300,731 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $341,031 |
| Total Program Service Revenue | $111,801 |
| Investment income | $5 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $500 |
| Net Gain/Loss on Asset Sales | -$455 |
| Net Income from Fundraising Events | $21,887 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $474,769 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $52,975 |
| Compensation of current officers, directors, key employees. | $52,975 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $99,508 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,907 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,075 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,129 |
| Advertising and promotion | $7,203 |
| Office expenses | $10,751 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,145 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $90,305 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $105,758 |
| Insurance | $23,423 |
| All other expenses | $0 |
| Total functional expenses | $468,770 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,252 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,701,388 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $9,134 |
| Other assets | $0 |
| Total assets | $1,724,774 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $1,000 |
| Secured mortgages and notes payable | $1,291,255 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $64,726 |
| Total liabilities | $1,356,981 |
| Net assets without donor restrictions | $0 |
| 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 | $367,793 |
| Total liabilities and net assets/fund balances | $1,724,774 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Homesteads For Hope Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Emil Muller Foundation Inc Penfield, NY PURPOSE: FOREVER HOMESTEAD PROGRAM | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cedar Crest Village Llc Pompton Plains, NJ | $458,841,206 | $94,228,748 |
Brooksby Village Inc Peabody, MA | $455,308,698 | $77,450,637 |
Ann S Choice Inc Warminster, PA | $390,463,878 | $78,899,329 |
Linden Ponds Inc Hingham, MA | $366,102,829 | $68,847,923 |
Acts Retirement Services Inc Fort Washington, PA | $53,774,543 | $61,999,737 |
Lantern Hill Inc New Providence, NJ | $464,665,892 | $49,148,353 |
Whitemarsh Continuing Care Retirement Community Lafayette Hill, PA | $237,675,792 | $39,315,037 |
New York Foundation For Senior Citizens Home Attendant Services I New York, NY | $24,976,445 | $43,263,283 |
Caringhouse Projects Incorporated Pleasantville, NJ | $35,651,045 | $47,839,367 |
Concordia Lutheran Ministries Of Pittsburgh Pittsburgh, PA | $101,461,859 | $42,844,424 |
Sjf Ccrc Inc Voorhees, NJ | $105,324,676 | $30,989,570 |
Hudson Lutheran Housing Corporation Secaucus, NJ | $0 | $195,483 |