Overview
What is Homespace Corporation?
Homespace Corporation is a nonprofit organization located at 135 Delaware Avenue, Buffalo, New York 14202. Their primary mission is to offer a safe and nurturing transitional living environment for single parent families and individuals, equipping them with the necessary support services to achieve and maintain their independence. This organization, with a workforce of 85 employees, is dedicated to empowering at-risk young women in Western New York, aiming to become a leading agency in the region that provides services and fosters their transformation into self-sufficient members of the community. Homespace Corporation's initiatives extend beyond providing shelter, offering various supportive services to help these individuals secure their future and improve their lives.
Official website here: www.homespacecorp.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Homespace Corporation has achieved a remarkable Four-Star rating from Charity Navigator, indicating a high level of accountability and financial transparency. This score is derived solely from the organization’s performance in the Accountability & Finance category, reflecting their commitment to best practices in governance and financial management. The rating signifies that the nonprofit effectively utilizes its resources, with a program expense ratio of 93.35%, showing that a large portion of its funding is directed towards its mission.
The organization prides itself on having a fully independent board, with 100% of its members meeting this criteria. This governance structure enhances the credibility of the organization and ensures that decisions are made with integrity. Moreover, Homespace Corporation has established robust financial oversight mechanisms, indicated by its perfect scores in areas such as audit and oversight, conflict of interest policies, and documentation practices.
While the organization demonstrates strong financial health with a low liabilities to assets ratio of 5.24%, it is crucial for potential donors and beneficiaries to remain informed about the ongoing impact of their work. Overall, Homespace Corporation showcases a solid foundation for trust and efficacy in its operations, making it a commendable choice for support from the public.
This AI summary has been generated from information found on Charity Navigator.
Is Homespace Corporation legitimate?
Homespace Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Homespace 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: $112,972
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,868,787
For more financial information, click here
Official website here: www.homespacecorp.com
What is the mission statement of Homespace Corporation?
Homespace Corporation, as a leading agency in its field, aims to support at-risk young women in Western New York, empowering them to achieve independence for two generations. The organization strives to provide a safe and nurturing transitional living environment, offering supportive services to single parent families and individuals. This environment equips them with the necessary skills and resources to prepare for and maintain their independence. Homespace Corporation's mission is deeply rooted in its commitment to empower these women, helping them become independent members of their community.
Official website here: www.homespacecorp.com
Who is the CEO of Homespace Corporation?
Michael Hill is the Board Member/Executive Director of Homespace Corporation.
Official website here: www.homespacecorp.com
What is the revenue of Homespace Corporation?
Homespace Corporation's revenue in 2022 was $3,559,782.
Official website here: www.homespacecorp.com
Who are the executives of Homespace Corporation and what are their salaries?
The average compensation at Homespace Corporation during 2022 was $23,315. There are 85 employees and 12 volunteers at Homespace Corporation.
Here are 13 key members and their salaries:
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- Compensation: $65,483
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- Compensation: $47,489
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Official website here: www.homespacecorp.com
Where can I find the form 990 for Homespace Corporation?
Homespace Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.homespacecorp.com
Learn more at the official website: www.homespacecorp.com
Mission Statement of Homespace Corporation
Homespace Corporation, a leading agency in Western New York, is committed to supporting at-risk young women with a mission to empower them to become independent members of their community. The organization aspires to be a premier provider of services for these vulnerable women, aiming to help them achieve self-sufficiency for two generations.
To accomplish this mission, Homespace Corporation provides a safe and nurturing transitional living environment. This environment is designed to prepare single parent families and individuals for achieving and maintaining their independence. The supportive services offered by Homespace Corporation are instrumental in providing the necessary tools and resources for these women to build a stable and independent life. By offering these services, Homespace Corporation is contributing to the well-being and independence of at-risk young women in the community.
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Impact
October, 2024
Homespace Corporation plays a vital role in transforming the lives of at-risk young women and their families in Western New York. By providing a safe and nurturing transitional living environment, Homespace not only assists single-parent families and individuals but also empowers them toward achieving long-term independence.
The organization's commitment to strengthening the community is evident in its focus on helping two generations at a time. This approach ensures that not only do mothers or guardians find the support they need, but their children are also included in the path to stability and self-sufficiency. Homespace’s array of supportive services equips residents with essential skills and resources, fostering personal growth and community integration.
Through its dedicated efforts, Homespace Corporation is becoming a cornerstone for empowerment and independence, establishing itself as a premier agency for at-risk women in the Buffalo area. The impact of its work extends beyond individual families, contributing to the overall health and resilience of the community.
This information is meant to be a general summary of Homespace 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 2022.
- Investment Income: $30,861
- Program Service Revenue: $3,295,344
- Gross Receipts: $3,584,385
Assets and Liabilities:
- Total Assets: $3,483,369
- Total Liabilities: $182,635
- Net Assets: $3,300,734
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT SHELTER ALLOW
Revenue
$3,295,344
Organization Details
Founding Year
1989
Phone
(716) 881-4600Principal Officer
Michael Hill
Main Address
135 DELAWARE AVENUE 210, BUFFALO, NY, 14202
Website
www.homespacecorp.comNTEE Category
Code: L210 - Housing
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