Cayuga County Homsite Development Corp FY2024 filing

Tax-deductible

Auburn, NY501(c)(3)HousingEIN 16-0999976Revenue $1.1M in FY2024

On file with the IRShomsite.org60 Clark Street, 13021-3379 · Auburn, NYTax-exempt since Aug 1972Publicly supported charity — 170(b)(1)(A)(vi)

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

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $45K a year · 5% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$199K
22% of total assets
Looks good: liabilities are 22% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 6 voting members
Looks good: 5 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
+7% vs prior year
Spent
$1.2M
To programs
92%
Net assets
$714K
By yearFY2021–FY2025
Revenue
$1.1M
FY2024▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2021$975K
FY2022$903K
FY2023$1.0M
FY2024$1.1M
FY2025$1.0M
Expenses
$1.2M
FY2024▲ +29%
Tap a bar for its year
Expenses by fiscal year
FY2021$860K
FY2022$804K
FY2023$927K
FY2024$1.2M
FY2025$1.0M
Net assets
$714K
FY2024▼ -13%
Tap a bar for its year
Net assets by fiscal year
FY2021$635K
FY2022$733K
FY2023$822K
FY2024$714K
FY2025$747K

From the FY2024 Form 990 (year ending April 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1972.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $1.1M Management & general 8% · $96K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Erica Ryan’s $70K as Executive Director is at the 13th percentile of top reported officer pay among 2036 $1–10M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Cayuga County Homsite Development Corp executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides counseling, job training, rental help, and housing rehab to qualified residents.

Provided by the organization

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3 programs · $830K · in their own filed words · FY2023
01

Home improvement- to revitalize residential properties through communuty development and neighborhood growth and the redevelopment of blighted structures. Served 16.

$359Kprogram expense
02

The section 8 program provides assistance for low-income individuals and families in the private rental market through the housing choice voucher program.

$349Kprogram expense
03

Rural Preservation Program

To address community development issues and concerns throughout cayuga county with a focus on housing issues for low-moderate tenants and homeowners.

$122Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2020
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Gifts and grantsLn 1h$786K
Other incomeLn 4–11$304K
Investment incomeLn 3$407
Money outPt IX
$1.2M
Ln 25
Programscol B$1.1M
Managementcol C$96K
Owns and owesPt X
$714K
net assets · Ln 32
Cash and savingsLn 1–2$440K
Total assetsLn 16$913K
LiabilitiesLn 26$199K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$786K
Government grantsLn 1e$786K
Investment incomeLn 3$407
Other incomeLn 4–11$304K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$440K
Cash and savings togetherLn 1–2$440K
Other assetsLn 15$5K
Total assetsLn 16$913K
LiabilitiesLn 26$199K
Net assetsLn 32$714K
OperationsPt I, VI
EmployeesI 511
VolunteersI 60
Fiscal year endsHeaderApril
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$487K$440K
Total assetsLn 16$891K$913K
LiabilitiesLn 26$69K$199K
Net assetsLn 32$822K$714K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$366K$366K
Pension plan contributionsLn 8$6K$6K
Other employee benefitsLn 9$17K$17K
Payroll taxesLn 10$30K$30K
Legal feesLn 11b$943$943
Accounting feesLn 11c$10K$10K
Other fees for servicesLn 11g$144K$139K$5K
Advertising and promotionLn 12$162$162
Office expensesLn 13$18K$18K
Information technologyLn 14$19K$19K
OccupancyLn 16$33K$33K
TravelLn 17$3K$3K
Conferences, conventions and meetingsLn 19$2K$2K
InsuranceLn 23$72K$72K
Other expenses (24a–d)Ln 24$469K$379K$90K
All other expensesLn 24e$8K$8K$30
Total functional expensesLn 25$1.2M$1.1M$96K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.0M$1.0M$33K$747K 990 PDF
FY2024 Viewing $1.1M$1.2M−$108K$714K 990 PDF
FY2023 $1.0M$927K$89K$822K 990 PDF
FY2022 $903K$804K$99K$733K 990 PDF
FY2021 $975K$860K$115K$635K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $1,089,753 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $723,851$785,723
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $212$407
I-11 Other revenuePrior year $291,403$303,623
I-12 Total revenuePrior year $1,015,466$1,089,753
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $395,531$418,814
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $531,100$778,806
I-18 Total expensesPrior year $926,631$1,197,620
I-19 Revenue less expensesPrior year $88,835−$107,867
Part VI · Governance 5 of 6 board members independent, 2 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members5
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $1,089,753 across 6 lines filed
VIII-1e Government grants$785,673
VIII-1f All other contributions, gifts and grants$50
VIII-1h Total contributions, gifts and grants$785,723
VIII-3 Investment incomeExcluded from tax $407$407
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $303,623$303,623
VIII-12 Total revenueRelated to mission $303,623 · Unrelated business $0 · Excluded from tax $407$1,089,753
Part IX · Statement of functional expenses $1,197,620 across 16 lines filed
IX-7 Other salaries and wagesPrograms $365,940$365,940
IX-8 Pension plan contributionsPrograms $6,346$6,346
IX-9 Other employee benefitsPrograms $16,667$16,667
IX-10 Payroll taxesPrograms $29,861$29,861
IX-11b Legal feesManagement $943$943
IX-11c Accounting feesPrograms $10,260$10,260
IX-11g Other fees for servicesPrograms $138,780 · Management $5,221$144,001
IX-12 Advertising and promotionPrograms $162$162
IX-13 Office expensesPrograms $18,371$18,371
IX-14 Information technologyPrograms $19,143$19,143
IX-16 OccupancyPrograms $32,770$32,770
IX-17 TravelPrograms $2,649$2,649
IX-19 Conferences, conventions and meetingsPrograms $1,843$1,843
IX-23 InsurancePrograms $71,580$71,580
IX-24 Other expenses (24a–d)Programs $379,100 · Management $90,000$469,100
IX-24e All other expensesPrograms $7,954 · Management $30$7,984
IX-25 Total functional expensesPrograms $1,101,426 · Management $96,194 · Fundraising $0$1,197,620
Part X · Balance sheet $913,099 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $487,208$440,044
X-4 Accounts receivableStart of year $373,931$458,354
X-9 Prepaid expenses and deferred chargesStart of year $8,475$9,675
X-15 Other assetsStart of year $21,556$5,026
X-16 Total assetsStart of year $891,170$913,099
X-17 Accounts payable and accrued expensesStart of year $37,777$179,734
X-19 Deferred revenueStart of year $9,653$14,022
X-25 Other liabilitiesStart of year $21,556$5,026
X-26 Total liabilitiesStart of year $68,986$198,782
X-27 Net assets without donor restrictionsStart of year $822,184$714,317
X-32 Total net assets or fund balancesStart of year $822,184$714,317
X-33 Total liabilities and net assetsStart of year $891,170$913,099
Part XI · Reconciliation of net assets $714,317 net assets at year end
XI-1 Total revenue$1,089,753
XI-2 Total expenses$1,197,620
XI-3 Revenue less expenses−$107,867
XI-4 Net assets at start of year$822,184
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$714,317

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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