BELMONT HOUSING RESOURCES FOR WNY INC

EIN: 161080227 501(c)(3) Housing & Shelter

BUFFALO, NY

Total Revenue
$8,637,263
Total Expenses
$8,528,336
Total Assets
$18,873,873
Net Assets
$12,555,194
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
NY
Principal Officer
MICHAEL RIEGEL
Phone
7168847791
Tax Period
2023-01-01 to 2023-12-31

BELMONT HOUSING RESOURCES FOR WNY INC, founded in 1977, is a community nonprofit in the Housing & Shelter sector that reported $8.6M in total revenue in fiscal year 2023.

Mission

OUR MISSION IS TO EXPAND AFFORDABLE HOUSING OPPORTUNITIES IN WESTERN NEW YORK BY ASSISTING LOW AND MODERATE INCOME HOUSEHOLDS TO OBTAIN HOUSING, BY PRODUCING AND PRESERVING HOUSING UNITS, AND BY PROFESSIONALLY MANAGING AFFORDABLE HOUSING.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,946,640
Program Service Revenue $6,242,088
Investment Income $262,802
Other Revenue $185,733
TOTAL REVENUE $8,637,263

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,796,329
Fundraising Expenses $0
Program Expenses $7,645,030
Other Expenses $1,732,007
TOTAL EXPENSES $8,528,336

Year-over-Year Comparison

2023 2022 Change
Revenue $8,637,263 $8,832,569 0.0%
Expenses $8,528,336 $8,626,151 0.0%
Net Income $108,927 $206,418 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
162
Volunteers
9

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$826,913
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRUCE C BAIRD BOARD MEMBER 1.00
Director
$0 $0 $0
ED NEGRON BOARD MEMBER 1.00
Director
$0 $0 $0
ELIZABETH HUCKABONE BOARD MEMBER 1.00
Director
$0 $0 $0
RODNEY RICHARDSON BOARD MEMBER 1.00
Director
$0 $0 $0
THOMAS ULBRICH BOARD MEMBER 1.00
Director
$0 $0 $0
JILL SZALACH BOARD MEMBER 1.00
Director
$0 $0 $0
KELLY PATTERSON BOARD MEMBER/BOARD CHAIR 1.00
Officer Director
$0 $0 $0
DONNA MOSTILLER BOARD MEMBER 1.00
Director
$0 $0 $0
SCOTT DELUCA BOARD MEMBER 1.00
Director
$0 $0 $0
PAMELA BERGER VICE PRESIDENT/SECRETARY 31.00
Officer
$135,523 $13,283 $148,806
AARON HEJMOWSKI CFO/BOARD TREASURER 31.00
Officer
$148,067 $7,470 $155,537
MICHAEL D RIEGEL PRESIDENT 31.00
Officer
$196,021 $25,080 $221,101
BRAD PACKARD VP OF DEVELOPMENT 31.00
Officer
$151,821 $7,620 $159,441
JOYELLE TEDESCHI VP OF HOUSING 31.00
Officer
$121,182 $20,846 $142,028
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $8,637,263 $8,528,336 $18,873,873 $108,927
2022 $8,832,569 $8,626,151 $18,607,433 $206,418
2021 $9,706,045 $7,720,129 $19,065,783 $1,985,916
2020 $10,428,213 $8,458,509 $18,303,022 $1,969,704
2019 $8,232,434 $6,700,232 $15,528,876 $1,532,202
2018 $6,709,889 $6,450,696 $11,401,035 $259,193
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