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Homefront Development Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 141713617 ✦ Hudson falls, NY ✦ Designated as a 501(c)(3)

Overview

What is Homefront Development Corporation?

Homefront Development Corporation is a nonprofit organization committed to assisting low to moderate income homeowners in Washington and Warren Counties. Their primary mission involves offering housing rehabilitation and emergency home repair programs, as well as managing affordable senior rental housing. By leveraging funds through programs like The Home Program and AHC, they provide essential assistance to up to 15 households annually, offering projects worth up to $45,000 per household. This organization acts as a valuable resource for community development programs in Washington County, demonstrating a dedication to improving living conditions for local residents.


Official website here: www.homefrontdevcorp.com

Is Homefront Development Corporation legitimate?

Homefront Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Homefront Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $62,603
Professional Fundraising Fees: $0
Other Salaries and Wages: $36,349

For more financial information, click here


Official website here: www.homefrontdevcorp.com

What is the mission statement of Homefront Development Corporation?

Homefront Development Corporation's mission is centered around assisting low to moderate income homeowners. This is achieved through housing rehabilitation projects, emergency home repair programs, and the management of affordable senior rental housing. The corporation also serves as a resource for community development programs. Their initiatives primarily focus on Washington and Warren Counties, providing essential support to homeowners in need. Through programs like The Home Program and the Affordable Housing Corporation (AHC) Program, they offer housing rehabilitation assistance to low-income single-family homeowners, leveraging funds for projects up to $45,000 per household. Their deferred loan agreements, recorded for ten years, help ensure sustainable housing solutions for the beneficiaries. In the year ended June 30, 2021, assistance was provided to 15 individuals through this program.


Official website here: www.homefrontdevcorp.com

Who is the CEO of Homefront Development Corporation?

Brian Gilchrist is the Director of Homefront Development Corporation.


Official website here: www.homefrontdevcorp.com

What is the revenue of Homefront Development Corporation?

Homefront Development Corporation's revenue in 2021 was $923,550.


Official website here: www.homefrontdevcorp.com

Who are the executives of Homefront Development Corporation and what are their salaries?

The average compensation at Homefront Development Corporation during 2021 was $32,984. There are 3 employees at Homefront Development Corporation.

Here are 8 key members and their salaries:

    Sharon Reynolds (Executive Director)
  • Compensation: $65,390
  • Related: $0
  • Other: $1,820

    • Laura Chadwick (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brian Gilchrist (President)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Vivian Gauger (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Karen Dougherty (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Virginia Sullivan (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gina Cantanucci-Mitchell (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Becky Heath (Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.homefrontdevcorp.com

    Where can I find the form 990 for Homefront Development Corporation?

    The Homefront Development Corporation’s most recent form 990 was submitted in 2021 and can be accessed here


    Official website here: www.homefrontdevcorp.com

    Learn more at the official website: www.homefrontdevcorp.com

    Mission Statement of Homefront Development Corporation

    Homefront Development Corporation is a nonprofit organization dedicated to assisting low to moderate income homeowners. Its mission encompasses providing housing rehabilitation services, emergency home repair programs, and managing affordable senior rental housing. The corporation serves as a resource for community development programs within Washington and Warren Counties. Through its Home Program and Affordable Housing Corporation (AHC) Program, Homefront Development Corporation offers housing rehabilitation projects to low-income single-family homeowners, with each project receiving up to $45,000 in funding. At the completion of each project, a ten-year deferred loan agreement is recorded at the Washington County Clerk's Office. In the year ending June 30, 2021, the organization helped 15 individuals through this program.

    Impact

    This information is meant to be a general summary of Homefront Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Homefront Development Corporation has a significant impact on low to moderate-income homeowners in Washington and Warren Counties. By offering housing rehabilitation and emergency home repair programs, this organization plays a crucial role in ensuring that individuals in need have access to safe and affordable housing. Additionally, their management of affordable senior rental housing further contributes to providing quality living options for vulnerable populations in the community. Through their efforts, Homefront Development Corporation has improved the housing situation for many individuals and families, making a positive difference in the lives of those they serve.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $18
  • Program Service Revenue: $184,178
  • Gross Receipts: $923,550

    • Assets and Liabilities:
  • Total Assets: $1,119,109
  • Total Liabilities: $898,144
  • Net Assets: $220,965
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RENT - APC/WFH/LC

    Revenue

    $156,237

    MANAGEMENT FEE

    Revenue

    $19,581

    EDUCATION/ COUNSELING

    Revenue

    $8,360

    Organization Details

    Founding Year

    1989

    Principal Officer

    Brian Gilchrist

    Main Address

    568 LOWER ALLEN STREET, HUDSON FALLS, NY, 12839

    NTEE Category

    Code: L200 - Housing

    If you are a representative of Homefront Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.