Civic Intelligence

Homsite Fund Inc.

990 • Fiscal year 2020 • EIN 23-7368656

May 01, 2019 to Apr 30, 2020 • Filed on Oct 20, 2020

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

69th percentile

0.37x

Higher debt load relative to assets than 69% of similar nonprofits.

2020 filings • NTEE S • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

58th percentile

0.32x

Higher debt load relative to revenue than 58% of similar nonprofits.

2020 filings • NTEE S • $1M-$5M nonprofits • Source year 2020

Net Margin

32nd percentile

-2.4%

Higher net margin than 32% of similar nonprofits.

2020 filings • NTEE S • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

68th percentile

$158,242

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 15.2% of source-year revenue.

2020 filings • NTEE S • $1M-$5M nonprofits • Source year 2020

Asset Growth

37th percentile

1.1%

Faster asset growth than 37% of similar nonprofits.

2020 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

90th percentile

90%

Faster revenue growth than 90% of similar nonprofits.

2020 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$895,323

Up $9,306 (+1.1%) from 2019

Net Assets

Down

$562,832

Down $24,721 (-4.2%) from 2019

Liabilities

Up

$332,491

Up $34,027 (+11%) from 2019

Revenue

Up

$1,039,069

Up $491,790 (+90%) from 2019

Expenses

Up

$1,063,790

Up $485,917 (+84%) from 2019

Net Income

Up

-$24,721

Up $5,873 (+19%) from 2019

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

2020

Assets$895,323
Liabilities$332,491
Net Assets$562,832

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

2020

Revenue$1,039,069
Expenses$1,063,790
Net Income-$24,721
Jump To
Filing Snapshot
Filing Period
May 1, 2019 to Apr 30, 2020
Signed
Oct 20, 2020
Return Version
2019v5.1
Gross Receipts
$1,039,069
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
Accounts Receivable$243,461$239,451▼ $4,010
Cash and Non-Interest-Bearing Accounts$300,773$212,288▼ $88,485
Land, Buildings, and Equipment, Net$204,721$158,312▼ $46,409
Other Notes and Loans Receivable, Net-$105,698-
Prepaid Expenses and Deferred Charges$5,811--
Total Assets$886,017$895,323▲ $9,306
Other Assets Total$131,251$179,574▲ $48,323
Liabilities
Accounts Payable and Accrued Expenses$26,415$130,709▲ $104,294
Escrow Account Liability$121,270$108,033▼ $13,237
Mortgage Notes Payable Secured by Investment Property$50,000$50,000→ $0
Deferred Revenue$96,852$38,812▼ $58,040
Other Liabilities$3,927$4,937▲ $1,010
Total Liabilities$298,464$332,491▲ $34,027
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$587,553$562,832▼ $24,721
Total Net Assets Fund Balance$587,553$562,832▼ $24,721
Total Liabilities and Net Assets / Fund Balance$886,017$895,323▲ $9,306

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$124,880$246,320$371,200
Land$20,000-$20,000
Equipment$13,432$2,268$15,700
Other Assets Org$174,637--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Angela DenceCFO (resigned)$125,151$125,151
Tricia BauerCFO$2,115$2,115

Board Members and Trustees

NameTitle
Grant KyleVice President
Craig MietzDirector
Deanna Hoey RyanDirector
Devon RobleeDirector
Jack HardyDirector
ANNE O'CONNORDirector (left 10/2019)
Robert PadulaPresdient
Lisa EngeSecretary
Kerry QuagliaTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Empire Construction Of Cny LLCConstruction Services4444 LOCUST AVE, Homer, NY 13077$282,550
Tj Reilly ConstructionConstruction Services31 ELIZABETH ST, Auburn, NY 13021$223,840
American Homes Of WeedsportConstruction Services2211 STATE ROUTE 31, Port Byron, NY 13140$166,253
Revenue and Support

Revenue Composition

Contributions and Grants
$897,480
Program Service Revenue
$137,985
Investment Income
$1,129
Other Revenue
$2,475
Change in Net Assets
$-24,721
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,063,790
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$46,409--$46,409
Occupancy$34,779--$34,779
Fees for Services Accounting$6,425--$6,425
Office Expenses$5,120--$5,120
Other Expenses$2,123$205,000-$2,123
Interest$1,886--$1,886
Fees for Services Legal$1,245--$1,245
All Other Expenses$156--$156
Total Functional Expenses$858,790$205,000$0$1,063,790
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$4,937
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
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
2020-10-20
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
0
Volunteers
0

Preparer

Firm
Bonadio & Co Llp
Address
432 NORTH FRANKLIN STREET, SYRACUSE, NY 13204
Preparer
Karen Nasoni
Phone
3154227109
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IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02475
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02475
IRS990/OtherRevenueTotalAmt02475
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0105698
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05811
IRS990/PrincipalOfficerNm0KERRY QUAGLIA
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/BusinessCd1532000
IRS990/ProgramServiceRevenueGrp/Desc0LOAN REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt076052
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt161933
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt076052
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt161933
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0447071
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01172
IRS990/PYOtherExpensesAmt0445744
IRS990/PYOtherRevenueAmt0-4812
IRS990/PYProgramServiceRevenueAmt0103848
IRS990/PYRevenuesLessExpensesAmt0-30594
IRS990/PYSalariesCompEmpBnftPaidAmt0132129
IRS990/PYTotalExpensesAmt0577873
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0547279
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-24721
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0140460
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0897480
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0447071
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0875052
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0151947
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0218086
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02589636
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01129
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01172
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01368
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0651
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0378
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt04698
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99820
IRS990ScheduleA/PublicSupportPY170Pct00.99790
IRS990ScheduleA/PublicSupportTotal170Amt02589636
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0897480
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0447071
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0875052
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0151947
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0218086
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02589636
IRS990ScheduleA/TotalSupportAmt02594334
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0124880
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0246320
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0371200
IRS990ScheduleD/EquipmentGrp/BookValueAmt013432
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02268
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt015700
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd00
IRS990ScheduleD/LandGrp/BookValueAmt020000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt020000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt04937
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1174637
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEPOSITS HELD IN TRUST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ASSETS LIMITED AS TO USE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04937
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0158312
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0179574
IRS990ScheduleD/TotalLiabilityAmt04937
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/CompensationBasedOnRltdOrgsAmt0138450
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt08307
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt011485
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KERRY QUAGLIA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0158242
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/ExplanationTxt3THE 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 VI, LINE 11B
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00

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