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Homsite Fund INC FY2023 filing

Tax-deductible

Auburn NY, NY501(c)(3)Community Development EIN 23-7368656Revenue $319K in FY2023Latest return filed Mar 16, 2026

On file with the IRShomsite.org60 Clark St, 13021-3379 · Auburn NY, NYTax-exempt since Apr 1975Publicly supported — 509(a)(2)

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Homsite Fund is a nonprofit community based development organization focused on providing housing and community development services geared to improving the lives of low and moderate income persons living in the city of auburn.

501(c)(3) charity; gifts are tax-deductible.
54¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
0 of 5
filings with a surplus
Average deficit $66K a year · 21% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
54%
of spending
Worth a look: 54% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 5.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $100K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$211K
41% of total assets
Looks good: liabilities are 41% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 7 voting members
Looks good: 6 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$319K
-20% vs prior year
Spent
$432K
To programs
54%
Net assets
$302K
By yearFY2021–FY2025
Revenue
$319K
FY2023▼ -20%
Tap a bar for its year
Revenue by fiscal year
FY2021$323K
FY2022$397K
FY2023$319K
FY2024$334K
FY2025$219K
Expenses
$432K
FY2023▼ -15%
Tap a bar for its year
Expenses by fiscal year
FY2021$357K
FY2022$510K
FY2023$432K
FY2024$350K
FY2025$271K
Net assets
$302K
FY2023▼ -27%
Tap a bar for its year
Net assets by fiscal year
FY2021$529K
FY2022$416K
FY2023$302K
FY2024$286K
FY2025$234K

From the FY2023 Form 990 (year ending April 2023) · see the original

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You’re viewing the FY2023 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 Apr 1975.

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

Where the money goes

54 cents of each dollar spent went to programs.

Program services 54% · $232K Management & general 46% · $200K

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

Something off? Claim to add context

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Lisa Enge
Secretary
$0Pt VII · Sec A
Kerry Quaglia
President
$0Pt VII · Sec A
Grant Kyle
Vice President
$0Pt VII · Sec A
Craig Mietz
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Homsite Fund INC executive salaries →

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 housing and community development services for low-income Auburn residents.

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3 programs · $232K · in their own filed words · FY2022
01

Home Repair Assistance Program

Administrative and home improvement financing for low-to-moderate income homeowners living in the city of auburn needing to make emergency repairs.

$109Kprogram expense
02

Neighborhood Preservation Program

Operating support for community development, neighborhood preservation activities.

$95Kprogram expense
03

Low Income Housing

The agency operates four 2-3 unit properties for low income individuals or families.

$28Kprogram 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
Fred L Emerson Foundation INCFY2020$100K
Total grants receivedfrom 1 funder$100K

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$319K
Ln 12
Gifts and grantsLn 1h$204K
Fees for servicesLn 2g$113K
Other incomeLn 4–11$2K
Money outPt IX
$432K
Ln 25
Programscol B$232K
Managementcol C$200K
Owns and owesPt X
$302K
net assets · Ln 32
Cash and savingsLn 1–2$209K
Total assetsLn 16$514K
LiabilitiesLn 26$211K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$204K
Government grantsLn 1e$174K
Fees for servicesLn 2g$113K
Investment incomeLn 3$136
Other incomeLn 4–11$2K
Total revenueLn 12$319K
Assets in detailPt X, end of year
CashLn 1$209K
Cash and savings togetherLn 1–2$209K
Land, buildings, equipmentLn 10c$31K
Other assetsLn 15$78K
Total assetsLn 16$514K
LiabilitiesLn 26$211K
Net assetsLn 32$302K
OperationsPt I, VI
EmployeesI 50
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 FY23End FY23
Cash and savingsLn 1–2$50K$209K
Land, buildings, equipmentLn 10c$74K$31K
Total assetsLn 16$661K$514K
LiabilitiesLn 26$245K$211K
Net assetsLn 32$416K$302K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$750$750
Accounting feesLn 11c$9K$9K
Advertising and promotionLn 12$173$173
Office expensesLn 13$68$68
OccupancyLn 16$35K$35K
TravelLn 17$229$229
Depreciation, depletion and amortizationLn 22$42K$42K
Other expenses (24a–d)Ln 24$342K$142K$200K
All other expensesLn 24e$4K$4K$23
Total functional expensesLn 25$432K$232K$200K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Mar 16, 2026 $219K$271K−$51K$234K 990 PDF
FY2024Filed with the IRS Aug 22, 2024 $334K$350K−$17K$286K 990 PDF
FY2023 ViewingFiled with the IRS Aug 17, 2023 $319K$432K−$114K$302K 990 PDF
FY2022Filed with the IRS Sep 8, 2022 $397K$510K−$113K$416K 990 PDF
FY2021Filed with the IRS Sep 8, 2021 $323K$357K−$34K$529K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $318,602 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $283,295$203,564
I-9 Program service revenuePrior year $113,019$113,214
I-10 Investment incomePrior year $0$136
I-11 Other revenuePrior year $744$1,688
I-12 Total revenuePrior year $397,058$318,602
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $509,796$432,159
I-18 Total expensesPrior year $509,796$432,159
I-19 Revenue less expensesPrior year −$112,738−$113,557
Part VI · Governance 6 of 7 board members independent, 2 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members6
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 $318,602 across 7 lines filed
VIII-1e Government grants$174,134
VIII-1f All other contributions, gifts and grants$29,430
VIII-1h Total contributions, gifts and grants$203,564
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $113,214$113,214
VIII-3 Investment incomeExcluded from tax $136$136
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,688$1,688
VIII-12 Total revenueRelated to mission $114,902 · Unrelated business $0 · Excluded from tax $136$318,602
Part IX · Statement of functional expenses $432,159 across 9 lines filed
IX-11b Legal feesPrograms $750$750
IX-11c Accounting feesPrograms $8,625$8,625
IX-12 Advertising and promotionPrograms $173$173
IX-13 Office expensesPrograms $68$68
IX-16 OccupancyPrograms $34,577$34,577
IX-17 TravelManagement $229$229
IX-22 Depreciation, depletion and amortizationPrograms $42,291$42,291
IX-24 Other expenses (24a–d)Programs $141,801 · Management $200,000$341,801
IX-24e All other expensesPrograms $3,622 · Management $23$3,645
IX-25 Total functional expensesPrograms $231,907 · Management $200,252 · Fundraising $0$432,159
Part X · Balance sheet $513,618 assets, 12 lines filed
Asset lines not itemized here account for $97,413; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $50,327$209,254
X-4 Accounts receivableStart of year $341,488$97,405
X-10c Land, buildings and equipment, netStart of year $73,730$31,438
X-15 Other assetsStart of year $103,916$78,108
X-16 Total assetsStart of year $661,186$513,618
X-17 Accounts payable and accrued expensesStart of year $7,853$12,670
X-19 Deferred revenueStart of year $122,327$99,395
X-25 Other liabilitiesStart of year $6,082$5,831
X-26 Total liabilitiesStart of year $245,337$211,326
X-27 Net assets without donor restrictionsStart of year $415,849$302,292
X-32 Total net assets or fund balancesStart of year $415,849$302,292
X-33 Total liabilities and net assetsStart of year $661,186$513,618
Part XI · Reconciliation of net assets $302,292 net assets at year end
XI-1 Total revenue$318,602
XI-2 Total expenses$432,159
XI-3 Revenue less expenses−$113,557
XI-4 Net assets at start of year$415,849
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$302,292

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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