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
What are the reviews and ratings of this charity?
Charity Navigator Rating 77% - Three-Star out of Four Star Rating
Homefront Development Corporation has earned a Three-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored particularly well in areas such as having a majority of independent board members and maintaining a robust audit and oversight committee, demonstrating a commitment to ethical governance and financial transparency.
The charity excels in managing its program expenses, with an impressive ratio of 88.38%, indicating that a significant portion of its resources is directed towards its mission. Additionally, it has no reported issues of asset diversion, which reinforces its financial integrity. However, the absence of a whistleblower policy is a noted limitation that could impact its overall governance framework.
Overall, while Homefront Development Corporation demonstrates strong accountability practices and a high commitment to its program expenses, addressing the gap in its whistleblower policy could enhance its governance and strengthen donor confidence moving forward.
This AI summary has been generated from information found on Charity Navigator.
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.
Heare 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:
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- Compensation: $65,390
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- Other: $1,820
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Official website here: www.homefrontdevcorp.com
Where can I find the form 990 for Homefront Development Corporation?
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.
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Impact
October, 2024
Homefront Development Corporation significantly impacts low to moderate-income homeowners in Washington and Warren counties through its focused initiatives on housing rehabilitation, emergency home repairs, and the management of affordable senior rental housing. By offering comprehensive housing rehabilitation programs, such as the HOME Program and the Affordable Housing Corporation (AHC) Program, the organization enables eligible single-family homeowners to access essential funds for home improvements, potentially up to $45,000 per household.
This financial assistance not only enhances the safety and livability of homes but also helps stabilize neighborhoods and supports community development. In the year ended June 30, 2021, Homefront Development Corporation successfully assisted 15 individuals through its housing rehabilitation efforts, directly addressing urgent housing needs and preserving affordable living spaces. Additionally, the organization serves as a valuable resource for community development programs, fostering a stronger and more resilient community in Washington County.
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.
Financials
This financial information is from Propublica.
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
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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
Phone
(518) 747-8250Principal Officer
Brian Gilchrist
Main Address
568 LOWER ALLEN STREET, HUDSON FALLS, NY, 12839
Website
www.homefrontdevcorp.comNTEE Category
Code: L200 - Housing
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