Homestead Development Corp
Lake Placid, New York
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Good
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
4 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $930,076↓31% | $770,077↑9% | $3,558,992↑119% | — |
| 2022 | $1,352,002↑456% | $703,551↑381% | $1,623,820↑483% | — |
| 2021 | $243,185↑1521% | $146,419↑2761% | $278,626↑2460% | — |
| 2020 | $15,000 | $5,118 | $10,882 | — |
Frequently Asked Questions
What does Homestead Development Corp do?▼
Homestead Development Corp is a housing & shelter nonprofit organization based in New York. It is classified under NTEE code L20 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Homestead Development Corp financially healthy?▼
Based on our 9-metric Financial Health Score model, Homestead Development Corp has a score of 70/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does Homestead Development Corp generate?▼
Homestead Development Corp reports $3.1M in annual revenue and holds $1.0M in total assets, based on IRS filings.
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