DEMOGRAPHIC
ADDRESS
70 TRILLIUM DRIVE
12946
COUNTY
essex county, NY
IN CARE OF NAME
STEPHEN S SAMA
ORGANIZATIONAL OVERVIEW & RANKINGS
HOMESTEAD DEVELOPMENT CORP is a based in LAKE PLACID, NY, focused on Housing, Shelter causes , specifically Housing Development, Construction, Management. Established in May 2021, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $1,623,820.00, this ranks 168,362 among 2,656,690 nonprofits nationally (Top 7%), demonstrating substantial financial capacity relative to its peers. At the state level, it stands at 15,080 out of 159,053 organizations in NY (Top 10%).
In essex county, NY, the organization ranks 49 out of 455 nonprofits by assets (Top 10%), while locally in lake placid, it stands at 15 among 105 organizations (Top 10%).
The organization reported annual revenue of $1,352,002.00, ranking 106,412 nationally (Top 5%) and 9,189 in NY (Top 6%).
Within its specific NTEE classification (L20 - L: Housing, Shelter), which includes 6,518 similar organizations, HOMESTEAD DEVELOPMENT CORP ranks 1,266 in assets (Top 20%) and 488 in revenue (Top 8%).
The organization files a 990 (all other) or 990EZ return and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
L: Housing, Shelter
NTEE CODE
L20: Housing Development, Construction, Management
FOUNDATION CODE
16: Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes. 509(a)(2)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
TAX PERIOD
12/2022
ACCOUNTING PERIOD
12
INCOME CODE
5: $500,000 to $999,999
INCOME AMOUNT
$992,002.00
FORM 990 REVENUE AMOUNT
$1,352,002.00
RULING DATE
05/2021
ASSET CODE
6: $1,000,000 to $4,999,999
ASSET AMOUNT
$1,623,820.00
FILING REQUIREMENT CODE
990 (all other) or 990EZ return
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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