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Homefront INC FY2022 filing

Tax-deductible

Buffalo, NY501(c)(3)HousingEIN 16-1065303Revenue $141K in FY2022

On file with the IRS780 Fillmore Ave, 14212-1342 · Buffalo, NYTax-exempt since Jul 1976Publicly supported charity — 170(b)(1)(A)(vi)

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Home ownership and revitalization

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2022 · 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
3 of 5
filings with a surplus
Average surplus $26K a year · 77% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
120 mo
of spending, in cash
Looks good: 120.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$4K
0.7% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$141K
+429% vs prior year
Spent
$12K
To programs
96%
Net assets
$526K
By yearFY2021–FY2025
Revenue
$141K
FY2022▲ +429%
Tap a bar for its year
Revenue by fiscal year
FY2021$27K
FY2022$141K
FY2023$253
FY2024$134
FY2025$154
Expenses
$12K
FY2022▼ -55%
Tap a bar for its year
Expenses by fiscal year
FY2021$25K
FY2022$12K
FY2023$2K
FY2024$136
FY2025$76
Net assets
$526K
FY2022▲ +33%
Tap a bar for its year
Net assets by fiscal year
FY2021$396K
FY2022$526K
FY2023$524K
FY2024$524K
FY2025$524K

From the FY2022 Form 990 (year ending August 2022) · see the original

990 PDF Claim
You’re viewing the FY2022 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 Jul 1976.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $11K Management & general 4% · $408

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

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
Catherine Braniecki
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Stephen Karnath
Executive Director
$0Pt VII · Sec A
See Homefront INC 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 15aYes

Programs and updates

Helps people buy homes and improves neighborhoods.

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Provided by the organization

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1 program · $11K · in their own filed words · FY2021
01

Homefront is dedicated to neighborhood revitalization and the promotion of home ownership in buffalo, ny. Homefront's programs educate residents of the city of buffalo regarding buying and maintaining homes.

$11Kprogram expense

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$141K
Ln 12
Gifts and grantsLn 1h$141K
Investment incomeLn 3$591
Fees for servicesLn 2g$200
Money outPt IX
$12K
Ln 25
Programscol B$11K
Managementcol C$408
Owns and owesPt X
$526K
net assets · Ln 32
Cash and savingsLn 1–2$115K
Total assetsLn 16$530K
LiabilitiesLn 26$4K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$141K
Government grantsLn 1e$141K
Fees for servicesLn 2g$200
Investment incomeLn 3$591
Total revenueLn 12$141K
Assets in detailPt X, end of year
CashLn 1$10K
SavingsLn 2$105K
Cash and savings togetherLn 1–2$115K
Other assetsLn 15$0
Total assetsLn 16$530K
LiabilitiesLn 26$4K
Net assetsLn 32$526K
OperationsPt I, VI
EmployeesI 53
VolunteersI 63
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$103K$115K
Total assetsLn 16$539K$530K
LiabilitiesLn 26$143K$4K
Net assetsLn 32$396K$526K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$5K$5K
Other employee benefitsLn 9$461$392$69
Payroll taxesLn 10$489$489
Accounting feesLn 11c$2K$1K$251
Other fees for servicesLn 11g$2K$2K
InsuranceLn 23$336$286$50
Other expenses (24a–d)Ln 24$1K$1K$38
Total functional expensesLn 25$12K$11K$408$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $154$76$78$524K 990 PDF
FY2024 $134$136−$2$524K 990 PDF
FY2023 $253$2K−$2K$524K 990 PDF
FY2022 Viewing $141K$12K$130K$526K 990 PDF
FY2021 $27K$25K$1K$396K 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 FY2022 990 (6 parts)
Part I · Summary $141,466 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $11,978$140,675
I-9 Program service revenuePrior year $11,150$200
I-10 Investment incomePrior year $911$591
I-11 Other revenuePrior year $2,713$0
I-12 Total revenuePrior year $26,752$141,466
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 $5,683$5,965
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $19,674$5,546
I-18 Total expensesPrior year $25,357$11,511
I-19 Revenue less expensesPrior year $1,395$129,955
Part VI · Governance 3 of 3 board members independent, no flags
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $141,466 across 5 lines filed
VIII-1e Government grants$140,675
VIII-1h Total contributions, gifts and grants$140,675
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $200$200
VIII-3 Investment incomeRelated to mission $591$591
VIII-12 Total revenueRelated to mission $791 · Unrelated business $0 · Excluded from tax $0$141,466
Part IX · Statement of functional expenses $11,511 across 7 lines filed
IX-7 Other salaries and wagesPrograms $5,015$5,015
IX-9 Other employee benefitsPrograms $392 · Management $69$461
IX-10 Payroll taxesPrograms $489$489
IX-11c Accounting feesPrograms $1,424 · Management $251$1,675
IX-11g Other fees for servicesPrograms $2,187$2,187
IX-23 InsurancePrograms $286 · Management $50$336
IX-24 Other expenses (24a–d)Programs $1,310 · Management $38$1,348
IX-25 Total functional expensesPrograms $11,103 · Management $408 · Fundraising $0$11,511
Part X · Balance sheet $529,578 assets, 12 lines filed
Asset lines not itemized here account for $228,522; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $10,330$9,936
X-2 Savings and temporary cash investmentsStart of year $92,399$105,321
X-4 Accounts receivableStart of year $34,926$185,799
X-15 Other assetsStart of year $161,319$0
X-16 Total assetsStart of year $538,719$529,578
X-17 Accounts payable and accrued expensesStart of year $0$236
X-25 Other liabilitiesStart of year $40,000$3,453
X-26 Total liabilitiesStart of year $142,785$3,689
X-27 Net assets without donor restrictionsStart of year −$151,433−$21,478
X-28 Net assets with donor restrictionsStart of year $547,367$547,367
X-32 Total net assets or fund balancesStart of year $395,934$525,889
X-33 Total liabilities and net assetsStart of year $538,719$529,578
Part XI · Reconciliation of net assets $525,889 net assets at year end
XI-1 Total revenue$141,466
XI-2 Total expenses$11,511
XI-3 Revenue less expenses$129,955
XI-4 Net assets at start of year$395,934
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$525,889

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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