Overview
What is Homestead Development Corporation?
Homestead Development Corporation is a nonprofit organization situated in Lake Placid, New York, specifically at 70 Trillium Drive. Their primary mission is to construct and provide affordable, energy-efficient housing for essential workers in both the Village of Lake Placid and the town of North Elba. This initiative aims to preserve a sense of community in an environment that might otherwise be transient. The corporation plans to accomplish this by purchasing vacant land, completing engineering design, preparing the site, and starting construction of the housing complex.
Official website here: www.homesteadadk.org
Is Homestead Development Corporation legitimate?
Homestead Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Homestead 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.
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Official website here: www.homesteadadk.org
What is the mission statement of Homestead Development Corporation?
The Homestead Development Corporation's mission is centered around constructing affordable and energy-efficient housing. This initiative is aimed at essential workers, with a focus on the Village of Lake Placid and the town of North Elba, New York. The primary objective is to preserve a community lifestyle in an otherwise transient environment by providing affordable housing options. The corporation engages in various activities such as purchasing vacant land, undertaking engineering design, preparing sites, and commencing construction of housing complexes.
Official website here: www.homesteadadk.org
Who is the CEO of Homestead Development Corporation?
Stephen Sama is the President of Homestead Development Corporation.
Official website here: www.homesteadadk.org
What is the revenue of Homestead Development Corporation?
Homestead Development Corporation's revenue in 2022 was $1,352,002.
Official website here: www.homesteadadk.org
Who are the executives of Homestead Development Corporation and what are their salaries?
Here are 6 key members and their salaries:
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Official website here: www.homesteadadk.org
Where can I find the form 990 for Homestead Development Corporation?
Homestead Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.homesteadadk.org
Learn more at the official website: www.homesteadadk.org
Mission Statement of Homestead Development Corporation
Homestead Development Corporation, a nonprofit organization, is dedicated to constructing affordable and energy-efficient housing units. Their mission is to cater to essential workers in two specific areas: the Village of Lake Placid and the town of North Elba, New York. By building these homes, Homestead Development Corporation aims to preserve a sense of community in what would otherwise be a transient environment. The corporation undertakes various tasks, including purchasing vacant land, completing engineering designs, preparing the site, and commencing construction of the affordable housing complex. This initiative ensures that essential workers can secure a stable living situation, contributing to the overall well-being of the community.
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Impact
July, 2024
Homestead Development Corporation's impact can be seen in its dedication to constructing affordable, energy-efficient housing for essential workers in the Village of Lake Placid and the town of North Elba, New York. By providing these workers with affordable housing options, the organization is contributing to the preservation of a community lifestyle in an otherwise transient environment. Their work includes purchasing vacant land, completing engineering design, site preparation, and beginning construction of an affordable housing complex. Through these efforts, Homestead Development Corporation is making a significant difference in addressing the housing needs of essential workers and maintaining the fabric of these local communities.
This information is meant to be a general summary of Homestead 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 2022.
- Investment Income: $184
- Program Service Revenue: $645,000
- Gross Receipts: $1,352,002
Assets and Liabilities:
- Total Assets: $1,623,820
- Total Liabilities: $731,597
- Net Assets: $892,223
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Sale of Homes
Revenue
$645,000
Organization Details
Founding Year
2020
Phone
(518) 265-7278Principal Officer
Stephen Sama
Main Address
70 Trillium Drive, Lake Placid, NY, 12946
Website
www.homesteadadk.orgNTEE Category
Code: L20 - Housing
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