HOMESPACE CORPORATION

EIN: 161360009 501(c)(3) Housing & Shelter

BUFFALO, NY

Total Revenue
$4,213,742
Total Expenses
$4,246,273
Total Assets
$3,156,149
Net Assets
$2,997,546
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
NY
Principal Officer
LINDSEY CARTER
Phone
7168814600
Tax Period
2025-01-01 to 2025-12-31

HOMESPACE CORPORATION, founded in 1989, is a community nonprofit in the Housing & Shelter sector that reported $4.2M in total revenue in fiscal year 2025. Revenue surged 27% from the prior year, signaling strong growth momentum.

Mission

HOMESPACE PROVIDES COMPREHENSIVE SERVICES TO YOUTH AND FAMILIES IMPACTED BY THE FOSTER CARE SYSTEM, AND OTHER HEALTH DISPARITIES, THROUGH BUILDING ON STRENGTHS, PROVIDING SUPPORTS, AND INSTILLING SKILLS THAT LAY THE FOUNDATION FOR SUCCESSFUL COMMUNITY LIVING.

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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 (2025)

Revenue Breakdown

Contributions & Grants $609,586
Program Service Revenue $3,584,358
Investment Income $19,434
Other Revenue $364
TOTAL REVENUE $4,213,742

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,716,718
Fundraising Expenses $76,597
Program Expenses $3,925,909
Other Expenses $1,529,555
TOTAL EXPENSES $4,246,273

Year-over-Year Comparison

2025 2024 Change
Revenue $4,213,742 $3,313,976 +0.3%
Expenses $4,246,273 $3,922,225 +0.1%
Net Income $-32,531 $-608,249 -0.9%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
11
Employees
73
Volunteers
11

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
5
$135,085
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CINDI MCEACHON PRESIDENT 1.00
Officer Director
$0 $0 $0
DELAWNDREA PURDUE-GRANT VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
JENNIFER SCHULEFAND TREASURER 1.00
Officer Director
$0 $0 $0
ALFONSO HARRIS SECRETARY 1.00
Officer Director
$0 $0 $0
CHEYENNE FREELY BOARD MEMBER 1.00
Director
$0 $0 $0
EVERETT PEFLEY BOARD MEMBER 1.00
Director
$0 $0 $0
JAVEENA EDWARDS BOARD MEMBER 1.00
Director
$0 $0 $0
JERRY IRVING BOARD MEMBER 1.00
Director
$0 $0 $0
KAREN EDMOND BOARD MEMBER 1.00
Director
$0 $0 $0
MICHELE MESSINA BOARD MEMBER 1.00
Director
$0 $0 $0
NICHOLAS MAGGI BOARD MEMBER 1.00
Director
$0 $0 $0
LINDSEY CARTER EXECUTIVE DIRECTOR / CEO 40.00
Officer
$123,669 $11,416 $135,085
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
2025 $4,213,742 $4,246,273 $3,156,149 $-32,531
2024 $3,313,976 $3,922,225 $3,129,071 $-608,249
2023 $4,131,882 $3,977,432 $3,736,077 $154,450
2022 $3,559,782 $3,430,476 $3,483,369 $129,306
2021 $3,108,074 $3,327,760 $3,460,031 $-219,686
2020 $3,676,705 $3,326,984 $3,620,707 $349,721
2019 $3,417,747 $3,150,085 $3,159,882 $267,662
2018 $2,733,958 $2,486,825 $2,831,771 $247,133
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