Nonprofits›Homestead Development Corp

Housing & Shelter

Homestead Development Corp

LAKE PLACID, NY

Website

Total revenue

$3.1M

Total expenses

$3.8M

Net assets

$383K

Grants received

$792K

17 grants

EIN

850866443

Tax year

2024

Mission

To construct affordable energy efficient housing for purchase by essential workers in the Village of Lake Placid, New York and the town of North Elba, New York in order to preserve a community lifestyle in an otherwise transient environment.

Financials

FY 2024

Revenue

Contributions & grants$718K
Program service revenue$2.4M
Investment income$2K
Other revenue—
Total revenue$3.1M

Expenses

Grants paid—
Salaries & benefits—
Fundraising—
Other expenses$3.8M
Total expenses$3.8M
Total assets$1.0M
Net assets$383K

People

7 listed

NameRoleCompensation

Stephen Sama

President

Board

—

5 hrs/wk

John B Huttlinger jr

Treasurer

Board

—

3 hrs/wk

Whit Bissell

Vice President

Board

—

1 hrs/wk

Jamie Rogers

Secretary

Board

—

3 hrs/wk

Maja Giambalvo

Trustee

Board

—

1 hrs/wk

Emily Kilburn Politi

Trustee

Board

—

3 hrs/wk

Timothy Seymour

Trustee

Board

—

1 hrs/wk

Grants received

Showing 17 of 17

FromAmountPurposeYear
ADIRONDACK FOUNDATION
$120K
FOR SUPPORT OF THE LAKE PLACID THRIFT SHOP AND FOOD PANTRY PROJECT
2024
ADIRONDACK FOUNDATION
$100K
FOR SUPPORT OF THE LAKE PLACID THRIFT SHOP AND FOOD PANTRY PROJECT
2024
HENRY UIHLEIN II AND MILDRED A UIHLEIN
$100K
THRIFT SHOP GRANT
2024
ADIRONDACK FOUNDATION
$40K
FOR SUPPORT OF THE THRIFT AND THRIVE LAKE PLACID FOOD PANTRY
2024
ADIRONDACK FOUNDATION
$20K
FOR UNRESTRICTED SUPPORT
2024
ADIRONDACK FOUNDATION
$20K
FOR THE "FOX HILL INITIAL DEVELOPMENT WORK" APPLICATION
2024
ADIRONDACK FOUNDATION
$160K
FOR SUPPORT OF THE LAKE PLACID FOOD PANTRY AND THRIFT SHOP PROJECT
2023
ADIRONDACK FOUNDATION
$92K
FOR THE LAKE PLACID FOOD PANTRY/THRIFT SHOP PROJECT
2023
ADIRONDACK FOUNDATION
$25K
FOR SUPPORT RESTRICTED TO THE LAKE PLACID FOOD PANTRY
2023
ADIRONDACK FOUNDATION
$25K
FOR SUPPORT OF THE LAKE PLACID FOOD PANTRY AND THRIFT SHOP
2023
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$11K
For grant recipient's exempt purposes
2023
ADIRONDACK FOUNDATION
$10K
FOR SUPPORT OF THE LAKE PLACID FOOD PANTRY
2023
ADIRONDACK FOUNDATION
$9K
FOR THE "HELPING HANDS COMMUNITY HUB" APPLICATION. THIS GRANT IS FUNDED BY THE GENEROUS ACTS FUND ALONG WITH THE FOLLOWING FUNDS AT ADIRONDACK FOUNDATION: THE BROOKS FAMILY FUND, THE RHOADES FAMILY FUND, AND THE SYBIL A. PICKETT FUND
2023
CLOUDSPLITTER FOUNDATION
$25K
General Charitable
2022
ADIRONDACK FOUNDATION
$15K
FOR ORGANIZATIONAL OPERATING ITEMS
2022
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$10K
For grant recipient's exempt purposes
2021
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$10K
For grant recipient's exempt purposes
2021

Funded by

$792K from 4 funders · 17 grants · 2021–2024

Adirondack Foundation

$636K · 12 grants · 2022–2024

Fidelity Investments Charitable Gift Fund

$31K · 3 grants · 2021–2023

Cloudsplitter Foundation

$25K · 1 grant · 2022

Details

EIN850866443
NTEE codeL20
Subsection03
Ruling date2021-05
Formed2020
Employees0
Volunteers0
HOMESTEAD DEVELOPMENT CORP — Mission, Financials & Grants Received | Grantivo