Civic Intelligence

Homsite Fund Inc.

990 • Fiscal year 2019 • EIN 23-7368656

May 01, 2018 to Apr 30, 2019 • Filed on Sep 30, 2019

60 Clark StAuburn, NY 13021

(315) 253-8451

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

72nd percentile

0.34x

Higher debt load relative to assets than 72% of similar nonprofits.

2019 filings • NTEE S • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

83rd percentile

0.55x

Higher debt load relative to revenue than 83% of similar nonprofits.

2019 filings • NTEE S • $500k-$1M nonprofits • Source year 2019

Net Margin

27th percentile

-5.6%

Higher net margin than 27% of similar nonprofits.

2019 filings • NTEE S • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

91st percentile

$156,647

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 28.6% of source-year revenue.

2019 filings • NTEE S • $500k-$1M nonprofits • Source year 2019

Asset Growth

12th percentile

-18%

Faster asset growth than 12% of similar nonprofits.

2019 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

6th percentile

-46%

Faster revenue growth than 6% of similar nonprofits.

2019 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Down

$886,017

Down $190,735 (-18%) from 2018

Net Assets

Up

$587,553

Up $131,040 (+29%) from 2018

Liabilities

Down

$298,464

Down $321,775 (-52%) from 2018

Revenue

Down

$547,279

Down $471,137 (-46%) from 2018

Expenses

Down

$577,873

Down $374,015 (-39%) from 2018

Net Income

Down

-$30,594

Down $97,122 (-146%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2017: $617,234Liabilities 2017: $227,249Net Assets 2017: $389,9852017Assets 2018: $1,076,752Liabilities 2018: $620,239Net Assets 2018: $456,5132018Assets 2019: $886,017Liabilities 2019: $298,464Net Assets 2019: $587,5532019Assets 2020: $895,323Liabilities 2020: $332,491Net Assets 2020: $562,8322020Assets 2021: $777,871Liabilities 2021: $249,284Net Assets 2021: $528,5872021Assets 2022: $661,186Liabilities 2022: $245,337Net Assets 2022: $415,8492022Assets 2023: $513,618Liabilities 2023: $211,326Net Assets 2023: $302,2922023Assets 2024: $444,663Liabilities 2024: $158,874Net Assets 2024: $285,7892024Assets 2025: $406,125Liabilities 2025: $171,702Net Assets 2025: $234,4232025

Highlighted filing

2019

Assets$886,017
Liabilities$298,464
Net Assets$587,553

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2017: $214,758Expenses 2017: $208,609Net Income 2017: $6,1492017Revenue 2018: $1,018,416Expenses 2018: $951,888Net Income 2018: $66,5282018Revenue 2019: $547,279Expenses 2019: $577,873Net Income 2019: -$30,5942019Revenue 2020: $1,039,069Expenses 2020: $1,063,790Net Income 2020: -$24,7212020Revenue 2021: $323,104Expenses 2021: $357,349Net Income 2021: -$34,2452021Revenue 2022: $397,058Expenses 2022: $509,796Net Income 2022: -$112,7382022Revenue 2023: $318,602Expenses 2023: $432,159Net Income 2023: -$113,5572023Revenue 2024: $333,879Expenses 2024: $350,382Net Income 2024: -$16,5032024Revenue 2025: $219,370Expenses 2025: $270,736Net Income 2025: -$51,3662025

Highlighted filing

2019

Revenue$547,279
Expenses$577,873
Net Income-$30,594
Jump To
Filing Snapshot
Filing Period
May 1, 2018 to Apr 30, 2019
Signed
Sep 30, 2019
Return Version
2018v3.1
Gross Receipts
$547,279
Mission and Program Overview

Mission

NONE

To help the underpriviledged by providing counseling, job training, rental assistance and housing rehabilitation services to qualified residents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$237,637$300,773▲ $63,136
Accounts Receivable$464,417$243,461▼ $220,956
Land, Buildings, and Equipment, Net$247,624$204,721▼ $42,903
Prepaid Expenses and Deferred Charges$1,631$5,811▲ $4,180
Other Notes and Loans Receivable, Net-$0-
Total Assets$1,076,752$886,017▼ $190,735
Other Assets Total$125,443$131,251▲ $5,808
Liabilities
Escrow Account Liability$184,024$121,270▼ $62,754
Deferred Revenue$152,867$96,852▼ $56,015
Mortgage Notes Payable Secured by Investment Property$50,000$50,000→ $0
Accounts Payable and Accrued Expenses$229,589$26,415▼ $203,174
Other Liabilities$3,759$3,927▲ $168
Total Liabilities$620,239$298,464▼ $321,775
Net Assets / Fund Balance
Unrestricted Net Assets$456,513$587,553▲ $131,040
Total Net Assets Fund Balance$456,513$587,553▲ $131,040
Total Liabilities and Net Assets / Fund Balance$1,076,752$886,017▼ $190,735

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$169,615$205,860$375,475
Equipment$15,106$5,212$20,318
Land$20,000-$20,000
Other Assets Org$125,886--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Robert PadulaChairperson
Grant KyleVice Chairperson
ANNE O'CONNORDirector
Craig MietzDirector
Devon RobleeDirector
Jack HardyDirector
Lisa EngeSecretary
Kerry QuagliaTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Empire ConstructionConstruction Services4287 N HOMER AVE, Cortland, NY 13045$174,375
Mc Townsend ConstructionConstruction ServicesPO BOX 477, Montezuma, NY 13117$129,200
Revenue and Support

Revenue Composition

Contributions and Grants
$447,071
Program Service Revenue
$103,848
Investment Income
$1,172
Other Revenue
$-4,812
Change in Net Assets
$-30,594
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$445,744
Salaries, Compensation, and Employee Benefits$132,129
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$112,684--$112,684
Depreciation Depletion$42,903--$42,903
Insurance$16,786--$16,786
Other Employee Benefits$10,352--$10,352
Fees for Services Management$9,120--$9,120
Payroll Taxes$9,093--$9,093
Fees for Services Accounting$6,425--$6,425
All Other Expenses$3,515--$3,515
Other Expenses$2,346$30,000-$2,346
Office Expenses$2,039$49-$2,088
Conferences and Meetings$654--$654
Total Functional Expenses$547,824$30,049$0$577,873
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
Tenant Security Deposits$3,927
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 family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The board of directors reviews a copy of the 990 at a reguarly scheduled board meeting before the return is filed.

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

The organization reviews the policy on an ongoing basis.

Form 990, Part VI, Section C, Line 19

Governing documents are available to the public upon request.

Form 990, Part VI, Line 11B

The board of directors reviews a copy of the 990 at a regularly scheduled board meeting before the return is filed.

Filing and Contact Details

Filer

Filer Name
Homsite Fund Inc
EIN
23-7368656
Phone
3152538451
Address
60 CLARK ST, AUBURN, NY 13021

Signing Officer

Name
Kerry Quaglia
Title
Treasurer
Phone
3154741939
Signed
2019-09-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kerry Quaglia
Formed
1972
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
7
Employees
13
Volunteers
0

Preparer

Firm
Bonadio & Co Llp
Address
432 NORTH FRANKLIN STREET, SYRACUSE, NY 13204
Preparer
Karen Nasoni
Phone
3154227109
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

EQUITY TRANSFER 161,634.

Raw XML AppendixShowing 400 of 593 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.

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IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01018416
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-30594
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt099036
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0447071
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0875052
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0151947
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0218086
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0342930
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02035086
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01172
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01368
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0651
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0378
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0653
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt04222
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99790
IRS990ScheduleA/PublicSupportPY170Pct00.99830
IRS990ScheduleA/PublicSupportTotal170Amt02035086
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0447071
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0875052
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0151947
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0218086
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0342930
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02035086
IRS990ScheduleA/TotalSupportAmt02039308
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0169615
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0205860
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0375475
IRS990ScheduleD/EquipmentGrp/BookValueAmt015106
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05212
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt020318
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd00
IRS990ScheduleD/LandGrp/BookValueAmt020000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt020000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt05365
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1125886
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEPOSITS HELD IN TRUST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ASSETS LIMITED AS TO USE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03927
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0204721
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0131251
IRS990ScheduleD/TotalLiabilityAmt03927
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0136279
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt08177
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt012191
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KERRY QUAGLIA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0156647
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0FOR ALL ENTITIES COMPENSATION IS DETEREMINED FOR TOP MANAGEMENT OFFICIALS THROUGH THE APPROVAL OF THE EXECUTIVE DIRECTOR AND/OR EXECUTIVE COMMITTEE.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS REVIEWS A COPY OF THE 990 AT A REGUARLY SCHEDULED BOARD MEETING BEFORE THE RETURN IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION REVIEWS THE POLICY ON AN ONGOING BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EQUITY TRANSFER 161,634.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS REVIEWS A COPY OF THE 990 AT A REGULARLY SCHEDULED BOARD MEETING BEFORE THE RETURN IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, LINE 11B
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0223842393
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN1462695159
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt1C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd1NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0TO OWN AND MANAGE PROPERTY WITHIN SYRACUSE AND CNY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt1CONSTRUCTION SERVICE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0CNY AFFORDABLE PROPERTIES INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt1ADVANCED ENERGY CONSTRUCTION INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0538 ERIE BLVD WEST
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt1538 ERIE BLVD WEST
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0SYRACUSE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm1SYRACUSE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd1NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd013204
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd113204
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10

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