Homesteads For Hope Inc
- Assets
- $3.0m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 12
- Location
- Rochester, NY
- Founding
- 07/2014
- Data as of
- 12/2022
- 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 12/2022, Homesteads For Hope Inc employed 12 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 12/2022, Homesteads For Hope Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 64.8% each year . All expenses for the organization totaled $857.1k during the year ending 12/2022. While expenses have increased by 40.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES THROUGH INCLUSIVE AGRICULTURAL OPPORTUNITIES IN NATURES CLASSROOM, OFFERING EDUCATIONAL, VOCATIONAL AND RECREATIONAL PROGRAMS AND SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
READY SET WORK IS A HANDS-ON EDUCATIONAL AND VOCATIONAL PROGRAM OFFERING WORK READINESS, SKILL-BASED LEARNING FOR INDIVIDUALS WITH I/DD OVER THE AGE OF 16 AND SUPPORTED BY SELF DIRECTED SERVICES. THE PROGRAM HELD AN AVERAGE FULL-TIME ENROLLMENT THROUGHOUT THE SEASON OF 24 STUDENTS STUDENTS ACQUIRED LIFE AND JOB SKILLS, LEARNING TO WORK IN FARMING PRACTICES AS WELL AS LANDSCAPE CONSTRUCTION, ANIMAL HUSBANDRY. ALL OF THIS PRACTICE PROVIDES OPPORTUNITIES TO INTERN AT THE FARMS MANY AGRI-ENTERPRISE MODELS INCLUDING THE FARM STORE & CAF. ACCOMPLISHMENT OF THE YEAR, WAS THE FIRST PENDING GRADUATES WHO WILL MOVE INTO COMPETITIVE EMPLOYMENT AT THE FARM OR IN THE GREATER COMMUNITY.
THE FARM OFFERS A 3 TIER MEMBERSHIP: THE BASE MEMBERSHIP INCLUDES, A AFFORDABLE FEE FOR WHICH COMMUNITY MEMBERS CAN ACCESS THE FARM FOR 7 DAYS A WEEK RECREATION, FREE OR DISCOUNTED CLUBS AND CLASSES. THE GARDEN MEMBERSHIP OFFERS A PERSONAL GARDEN PLOT AND GARDENING CLASSES. THE CSA FOOD SHARE MEMBERSHIP OFFERS 20+ WEEKS OF ORGANICALLY GROWN PRODUCE PICKED UP WEEKLY. ACCOMPLISHMENT OF THE YEAR, INCLUDED EXPANSION OF THE CSA FOOD SHARE.
THE FARM OFFERS MULTIPLE OPEN TO THE PUBLIC YET INCLUSIVE, COMMUNITY EVENTS AND CLASSES. THIS INCLUDES BUT IS NOT LIMITED TO HOMESTEADING CLASSES, EASTER EGG HUNT, FISHING DERBYS, MUSIC EVENTS AND ANNUAL BBQ
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jenny Brongo CEO | OfficerTrustee | 40 | $62,425 |
Kathy Sengupta Director | Trustee | 1 | $0 |
Brian Brase Director | Trustee | 1 | $0 |
Paul Montanarello Director | Trustee | 1 | $0 |
Mike Baum Director | Trustee | 1 | $0 |
Charles Gannon Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $101,653 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $914,588 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,016,241 |
| Total Program Service Revenue | $399,578 |
| Investment income | $1,627 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,419,073 |
| 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. | $62,425 |
| Compensation of current officers, directors, key employees. | $62,425 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $299,544 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $31,792 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,189 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $19,849 |
| Office expenses | $17,118 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $66,990 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $63,569 |
| Insurance | $42,032 |
| All other expenses | $21,152 |
| Total functional expenses | $857,106 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,182,392 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,122 |
| 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 | $1,851,512 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,048,026 |
| Accounts payable and accrued expenses | $45,576 |
| 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 | $0 |
| Secured mortgages and notes payable | $1,789,096 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,834,672 |
| Net assets without donor restrictions | $845,399 |
| Net assets with donor restrictions | $367,955 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $3,048,026 |