Civic Intelligence

Homespace Corporation

EIN 16-1360009 • 501(c)3 • Buffalo, NY

Profile

To provide supervised independent living for single parent families or individuals in either a group home for individual living arrangement determined by age of resident.

135 Delaware Avenue 210Buffalo, NY 14202

www.homespacecorp.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

47th percentile

0.05x

Higher debt load relative to assets than 47% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

43rd percentile

0.05x

Higher debt load relative to revenue than 43% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

16th percentile

-18%

Higher net margin than 16% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

11th percentile

-16%

Faster asset growth than 11% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

14th percentile

-20%

Faster revenue growth than 14% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$3,129,071

Down $607,006 (-16%) from 2023

Liabilities

Down

$156,103

Down $60,509 (-28%) from 2023

Net Assets

Down

$2,972,968

Down $546,497 (-16%) from 2023

Revenue

Down

$3,313,976

Down $817,906 (-20%) from 2023

Expenses

Down

$3,922,225

Down $55,207 (-1.4%) from 2023

Net Income

Down

-$608,249

Down $762,699 (-494%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $2,161,847Liabilities 2010: $57,520Net Assets 2010: $2,104,3272010Assets 2011: $2,102,375Liabilities 2011: $63,424Net Assets 2011: $2,038,9512011Assets 2012: $2,204,533Liabilities 2012: $62,664Net Assets 2012: $2,141,8692012Assets 2013: $2,293,055Liabilities 2013: $46,054Net Assets 2013: $2,247,0012013Assets 2014: $2,215,040Liabilities 2014: $55,578Net Assets 2014: $2,159,4622014Assets 2015: $2,255,060Liabilities 2015: $65,536Net Assets 2015: $2,189,5242015Assets 2016: $2,353,780Liabilities 2016: $49,731Net Assets 2016: $2,304,0492016Assets 2017: $2,610,657Liabilities 2017: $72,080Net Assets 2017: $2,538,5772017Assets 2018: $2,831,771Liabilities 2018: $71,416Net Assets 2018: $2,760,3552018Assets 2019: $3,159,882Liabilities 2019: $89,004Net Assets 2019: $3,070,8782019Assets 2020: $3,620,707Liabilities 2020: $146,196Net Assets 2020: $3,474,5112020Assets 2021: $3,460,031Liabilities 2021: $176,880Net Assets 2021: $3,283,1512021Assets 2022: $3,483,369Liabilities 2022: $182,635Net Assets 2022: $3,300,7342022Assets 2023: $3,736,077Liabilities 2023: $216,612Net Assets 2023: $3,519,4652023Assets 2024: $3,129,071Liabilities 2024: $156,103Net Assets 2024: $2,972,9682024

Highlighted filing

2024

Assets$3,129,071
Liabilities$156,103
Net Assets$2,972,968

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,144,3402010Expenses 2011: $1,212,7062011Expenses 2012: $1,274,2862012Revenue 2013: $1,525,377Expenses 2013: $1,420,245Net Income 2013: $105,1322013Revenue 2014: $1,453,456Expenses 2014: $1,540,995Net Income 2014: -$87,5392014Revenue 2015: $1,745,341Expenses 2015: $1,715,279Net Income 2015: $30,0622015Revenue 2016: $1,964,436Expenses 2016: $1,849,911Net Income 2016: $114,5252016Revenue 2017: $2,237,025Expenses 2017: $2,012,894Net Income 2017: $224,1312017Revenue 2018: $2,733,958Expenses 2018: $2,486,825Net Income 2018: $247,1332018Revenue 2019: $3,417,747Expenses 2019: $3,150,085Net Income 2019: $267,6622019Revenue 2020: $3,676,705Expenses 2020: $3,326,984Net Income 2020: $349,7212020Revenue 2021: $3,108,074Expenses 2021: $3,327,760Net Income 2021: -$219,6862021Revenue 2022: $3,559,782Expenses 2022: $3,430,476Net Income 2022: $129,3062022Revenue 2023: $4,131,882Expenses 2023: $3,977,432Net Income 2023: $154,4502023Revenue 2024: $3,313,976Expenses 2024: $3,922,225Net Income 2024: -$608,2492024

Highlighted filing

2024

Revenue$3,313,976
Expenses$3,922,225
Net Income-$608,249

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.13$0.16$2.97$3.31$3.92$0.61
2023Summary only. Only limited summary data is available for this year.$3.74$0.22$3.52$4.13$3.98$0.15
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.48$0.18$3.30$3.56$3.43$0.13
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.46$0.18$3.28$3.11$3.33$0.22
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.62$0.15$3.47$3.68$3.33$0.35
2019Summary only. Only limited summary data is available for this year.$3.16$0.09$3.07$3.42$3.15$0.27
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.83$0.07$2.76$2.73$2.49$0.25
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.61$0.07$2.54$2.24$2.01$0.22
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.35$0.05$2.30$1.96$1.85$0.11
2015Detailed filing. Detailed filing data is available for this year.$2.26$0.07$2.19$1.75$1.72$0.03
2014Detailed filing. Detailed filing data is available for this year.$2.22$0.06$2.16$1.45$1.54$0.09
2013Detailed filing. Detailed filing data is available for this year.$2.29$0.05$2.25$1.53$1.42$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.20$0.06$2.14$1.27
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.10$0.06$2.04$1.21
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.16$0.06$2.10$1.14
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$3,584,385
Mission and Program Overview

Mission

To support at-risk young women to achieve independence two generations at a time. Homespace strives to be the premier agency in western new york that provides services for at-risk women and empowers them to be independent members of the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,375,757$1,360,308▼ $15,449
Accounts Receivable$860,170$1,055,811▲ $195,641
Investments in Publicly Traded Securities$666,744$578,880▼ $87,864
Cash and Non-Interest-Bearing Accounts$503,357$405,741▼ $97,616
Prepaid Expenses and Deferred Charges$20,961$29,140▲ $8,179
Intangible Assets-$20,261-
Savings and Temporary Cash Investments$16,700$16,705▲ $5
Total Assets$3,460,031$3,483,369▲ $23,338
Other Assets Total$16,342$16,523▲ $181
Liabilities
Accounts Payable and Accrued Expenses$176,880$169,145▼ $7,735
Other Liabilities$0$13,490▲ $13,490
Total Liabilities$176,880$182,635▲ $5,755
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,220,401$3,175,947▼ $44,454
Net Assets With Donor Restrictions$62,750$124,787▲ $62,037
Total Net Assets Fund Balance$3,283,151$3,300,734▲ $17,583
Total Liabilities and Net Assets / Fund Balance$3,460,031$3,483,369▲ $23,338

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,100,660$1,440,989$2,541,649
Equipment$175,049$323,774$498,823
Land$84,599-$84,599
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kimberly MorrisImmediate Past Exec Director (to 5/13/2022)FT$65,483$7,000$72,483
Michael HillBoard Member/executive DirectorFT$47,489-$47,489

Board Members and Trustees

NameTitle
James ZawodzinskiBoard Member/president
Rachel CappellinoBoard Member/vice President
Breanna PenqueBoard Member
Cheyenne OarBoard Member
Debbie BennettBoard Member
Delawndrea Purdue-grantBoard Member
Jason MaciejewskiBoard Member
Jennifer SchulefandBoard Member
Rebekah KimbleBoard Member
Thomas DinaBoard Member/secretary
Lindsay BatrownyBoard Member/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$233,338
Program Service Revenue
$3,295,344
Investment Income
$30,861
Other Revenue
$239
All Other Contributions
$64,712
Change in Net Assets
$129,306

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,552,966
Revenue Not Reported on Financial Statements
$6,816
Revenue Not Reported on Form 990
$-111,723
Total Revenue per Audited Statements
$3,441,243
Total Revenue per Form 990
$3,559,782
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,322,652
Other Expenses$1,107,824
Total Fundraising Expense$64,195
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,696,692$125,184$46,911$1,868,787
Other Employee Benefits$148,953$10,604$3,686$163,243
Payroll Taxes$142,672$11,097$4,755$158,524
Occupancy$156,962--$156,962
Depreciation Depletion$122,999--$122,999
Current Officers, Directors, Trustees, and Key Employees$101,675$7,908$3,389$112,972
Fees for Services Accounting$38,465$16,485-$54,950
Insurance$44,919$7,927-$52,846
Office Expenses$31,133$5,254$762$37,149
Advertising$16,600$1,107$4,426$22,133
Other Expenses$18,930$2,103-$21,033
Pension Plan Contributions$17,722$1,192$212$19,126
Conferences and Meetings$16,639$1,849-$18,488
All Other Expenses$16,871$664$54$17,589
Fees for Service Investment Mgmnt Fees-$6,816-$6,816
Total Functional Expenses$3,168,091$198,190$64,195$3,430,476

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,430,476
Expenses per Audited Statements$3,423,660
Total Expenses per Audited Statements$3,423,660
Expenses Not Reported on Financial Statements$6,816
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$13,490
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The irs form 990 is prepared by an outside, independent accounting firm. The completed form is reviewed by the executive committee of the board. A complete copy of the form 990 is provided to all board members prior to filing with the irs.

Form 990, Part VI, Section B, Line 12C

Prior to the initial election of a board member, and annually thereafter, a questionnaire is given to all board members and key employees requesting identification of conflicts of interest, if any. The completed statement is returned to the secretary of the organization for review and investigation of any conflicts of interest.

Form 990, Part VI, Section B, Line 15

The compensation for the executive director is reviewed and approved by the independent members of the board of directors and is documented in the board minutes. Research is done using comparability data. The final budget, which is approved by the board of directors contains all agreed upon compensation.

Form 990, Part VI, Section C, Line 19

Governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Homespace Corporation
EIN
16-1360009
Phone
7168814600
Address
135 DELAWARE AVENUE 210, BUFFALO, NY 14202

Signing Officer

Name
James Zawodzinski
Title
President
Phone
7168814600
Signed
2023-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Hill
Formed
1989
Legal Domicile
Ny
Voting Board Members
11
Independent Board Members
11
Employees
85
Volunteers
12

Preparer

Firm
Freed Maxick Cpas Pc
Address
424 MAIN STREET SUITE 800, BUFFALO, NY 14202-3508
Preparer
Mary Madonia
Phone
7168472651
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The organization has not changed its method of selection of an independent accountant or its oversight process from the prior year.

Financial Statement Notes

PART X, LINE 2:

The organization is exempt from federal income tax as provided in the regulations set forth in the section 501(c)(3) of the internal revenue code. The organization accounts for uncertain tax positions in accordance with u.s. Gaap, which requires the recognition and measurement of uncertain tax positions that the organization has taken or expects to take in the organization's tax return. Accordingly, no provision for income taxes has been reflected in the accompanying financial statements. The organization files its return of organization exempt from income tax in the u.s. Federal jurisdiction and its annual filing of charitable organizations in new york state.

Raw XML AppendixShowing 400 of 517 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0176880
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0169145
IRS990/AccountsReceivableGrp/BOYAmt0860170
IRS990/AccountsReceivableGrp/EOYAmt01055811
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO SUPPORT AT-RISK YOUNG WOMEN TO ACHIEVE INDEPENDENCE TWO GENERATIONS AT A TIME. HOMESPACE STRIVES TO BE THE PREMIER AGENCY IN WESTERN NEW YORK THAT PROVIDES SERVICES FOR AT-RISK WOMEN AND EMPOWERS THEM TO BE INDEPENDENT MEMBERS OF THE COMMUNITY.
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IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum07168814600
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0135 DELAWARE AVENUE SUITE 210
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IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
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IRS990/DepreciationDepletionGrp/ProgramServicesAmt0122999
IRS990/DepreciationDepletionGrp/TotalAmt0122999
IRS990/Desc0PROVIDED A SAFE AND NURTURING TRANSITIONAL LIVING ENVIRONMENT, WITH SUPPORTIVE SERVICES FOR SINGLE PARENT FAMILIES AND INDIVIDUALS, THAT PREPARES THEM TO ACHIEVE AND MAINTAIN THEIR INDEPENDENCE.
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IRS990/Form990PartVIISectionAGrp/PersonNm3CHEYENNE OAR
IRS990/Form990PartVIISectionAGrp/PersonNm4THOMAS DINA
IRS990/Form990PartVIISectionAGrp/PersonNm5JAMES ZAWODZINSKI
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IRS990/Form990PartVIISectionAGrp/PersonNm11KIMBERLY MORRIS
IRS990/Form990PartVIISectionAGrp/PersonNm12MICHAEL HILL
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