HOMESTEADS FOR HOPE INC

EIN: 462731613 501(c)(3) Housing & Shelter

ROCHESTER, NY

Total Revenue
$1,489,745
Total Expenses
$974,064
Total Assets
$3,518,837
Net Assets
$1,729,035
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
NY
Principal Officer
JENNYRAE BRONGO
Phone
5853523478
Tax Period
2023-01-01 to 2023-12-31

HOMESTEADS FOR HOPE INC, founded in 2013, is a community nonprofit in the Housing & Shelter sector that reported $1.5M in total revenue in fiscal year 2023. The organization ran a surplus of $516K, a strong 35% operating margin.

Mission

AT HOMESTEADS FOR HOPE, WE ARE DEDICATED TO NURTURING A COMMUNITY WHERE INDIVIDUALS WITH AND WITHOUT DISABILITIES THRIVE, FINDING PURPOSE AND BELONGING THROUGH THE TRANSFORMATIVE POWER OF AGRICULTURE. THROUGH OUR COMMUNITY FARM EXPERIENCE, WE STRIVE TO EMPOWER INDIVIDUALS WITH DISABILITIES BY PROVIDING MEANINGFUL OPPORTUNITIES FOR SKILL DEVELOPMENT, SOCIAL ENGAGEMENT, AND PERSONAL GROWTH. TODAY, HOMESTEADS FOR HOPE IS A ONE-OF-A-KIND COMMUNITY FARM THAT FOSTERS INDEPENDENCE BY PROMOTING SKILLS TRAINING, SOCIALIZATION, SELF-AWARENESS, AND CAREER EXPLORATION. WE ARE HONORED TO SERVE THIS COMMUNITY THROUGH PROGRAMS, CLASSES, MEMBERSHIPS, AND EVENTS ON OUR ORGANICALLY PRACTICED FARM. OUR MISSION IS TO INSPIRE INDIVIDUALS WITH DISABILITIES, AND THEIR FAMILIES TO GROW THEIR UNIQUE ABILITIES, PURPOSE, AND SENSE OF BELONGING TO CREATE A MEANINGFUL AND PRODUCTIVE LIFE IN NATURES CLASSROOM. OUR VISION IS DEDICATED TO NURTURING AND CULTIVATING AN INCLUSIVE COMMUNITY THAT CELEBRATES ALL ABILITIES,

Program Service Accomplishments

Program 1
Expenses: $364,214 Revenue: $169,572

READY SET GROW, LEARN & WORK PROGRAMS OFFER A HANDS-ON EDUCATIONAL AND VOCATIONAL EXPERIENCED DESIGNED FOR INDIVIDUALS WITH I/DD OVER THE AGE OF 16, SUPPORTED BY SELF-DIRECTED SERVICES. OUR PROGRAM...

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READY SET GROW, LEARN & WORK PROGRAMS OFFER A HANDS-ON EDUCATIONAL AND VOCATIONAL EXPERIENCED DESIGNED FOR INDIVIDUALS WITH I/DD OVER THE AGE OF 16, SUPPORTED BY SELF-DIRECTED SERVICES. OUR PROGRAM AND ROTATIONAL CLASS OPTIONS FOCUSE ON WORK READINESS AND SKILL-BASED LEARNING, PROVIDING AN AVERAGE FULL-TIME ENROLLMENT OF 30 STUDENTS. STUDENTS GAIN ESSENTIAL LIFE AND JOB SKILLS THROUGH PRACTICAL EXPERIENCES IN FARMING AND GARDENING PRACTICES, LANDSCAPE CONSTRUCTION, AND ANIMAL HUSBANDRY. THESE EXPERIENCES OFFER OPPORTUNITIES TO ADDITIONALLY LEARN AND INTERN AT THE FARM'S VARIOUS AGRI-ENTERPRISE MODELS, INCLUDING THE FARM STORE & CAF, PIZZA GRILL, FARMERS MARKETS AND COMMUNITY EVENTS.

Program 2
Expenses: $257,305 Revenue: $118,671

THE FARM OFFERS A 3 TEIR PAID MEMBERSHIP PLATFORM INCLUDING: OUR BASE SOCIAL MEMBERSHIP, OFFERING DAILY FARM ACCESS FOR FISHING, KAYAKING, AND PICNICKING. PARTICIPATE IN WEEKLY GATHERINGS, CLUBS...

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THE FARM OFFERS A 3 TEIR PAID MEMBERSHIP PLATFORM INCLUDING: OUR BASE SOCIAL MEMBERSHIP, OFFERING DAILY FARM ACCESS FOR FISHING, KAYAKING, AND PICNICKING. PARTICIPATE IN WEEKLY GATHERINGS, CLUBS, CLASSES, AND EVENTS. THE GARDEN MEMBERSHIP ADDS UNLIMITED ACCESS TO OUR COMMUNITY GARDEN CO-OP FOR HANDS-ON GARDENING, FRESH PRODUCE, AND SPECIAL CLASSES. THE CSA FOOD SHARE MEMBERSHIP PROVIDES 20 WEEKS OF LOCAL, ORGANICALLY GROWN VEGETABLES, HERBS, AND FLOWERS, WITH PICKUPS AT OUR FARM OR DOWNTOWN LOCATIONS.

Program 3
Expenses: $31,003 Revenue: $34,371

THE FARM STORE & CAFE OFFERS VOCATIONAL OPPORTUNITIES FOR THOSE WE SERVE THAT SELLS A VARIETY OF PRODUCTS INCLUDING BREAKFAST SANDWICHES, GRAB-N-GO FOOD ITEMS, BAKED GOODS, DRINKS AND BRANDED APPAREL...

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THE FARM STORE & CAFE OFFERS VOCATIONAL OPPORTUNITIES FOR THOSE WE SERVE THAT SELLS A VARIETY OF PRODUCTS INCLUDING BREAKFAST SANDWICHES, GRAB-N-GO FOOD ITEMS, BAKED GOODS, DRINKS AND BRANDED APPAREL AND HOMEMADE GOODS.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,157,624
Program Service Revenue $322,614
Investment Income $7,272
Other Revenue $2,235
TOTAL REVENUE $1,489,745

Expense Breakdown

Grants Paid $0
Salaries & Benefits $552,047
Fundraising Expenses $67,877
Program Expenses $652,522
Other Expenses $422,017
TOTAL EXPENSES $974,064

Year-over-Year Comparison

2023 2022 Change
Revenue $1,489,745 $1,419,073 +0.0%
Expenses $974,064 $857,076 +0.1%
Net Income $515,681 $561,997 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
12
Employees
22
Volunteers
215

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
$67,164
Total Directors
13
$67,164
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNY BRONGO CEO 40.00
Officer Director
$67,164 $0 $67,164
DEBRA LYNCH PRESIDENT 20.00
Officer Director
$0 $0 $0
PAUL MONTANERELLO DIRECTOR 1.00
Director
$0 $0 $0
BRIAN BRASE TREASURER 1.00
Officer Director
$0 $0 $0
JANE MOORE SECRETARY 1.00
Officer Director
$0 $0 $0
MIKE BAUM DIRECTOR 1.00
Director
$0 $0 $0
CHRIS FLAHERTY DIRECTOR 1.00
Director
$0 $0 $0
LAURIE WIEST DIRECTOR 1.00
Director
$0 $0 $0
CARRIE DATRO DIRECTOR 1.00
Director
$0 $0 $0
CINDY HUUSSEN DIRECTOR 1.00
Director
$0 $0 $0
DANIEL MARTUCCI DIRECTOR 1.00
Director
$0 $0 $0
DAVID PALERMO VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
CHUCK GANNON DIRECTOR 1.00
Director
$0 $0 $0
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 $1,489,745 $974,064 $3,518,837 $515,681
2022 $1,419,073 $857,106 $3,048,026 $561,967
2021 $780,857 $504,669 $1,965,669 $276,188
2020 $474,769 $468,770 $1,724,774 $5,999
2019 $574,063 $401,751 $1,800,464 $172,312
2018 $238,223 $227,248 $1,514,899 $10,975
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