Mission
To construct affordable energy efficient housing for purchase by essential workers in the Village of Lake Placid, New York and the town of North Elba, New York in order to preserve a community lifestyle in an otherwise transient environment.
Public Charity
Homestead Development Corporation
Homestead Development Corporation, of Lake Placid, NY, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $3.1M in revenue, $3.8M in expenses, $1.0M in total assets. 15 publicly reported grants to this organization, totaling roughly $667K, appear in IRS filings.
EIN: 850866443
Lake Placid, NY
Housing Development, Construction & Management
NTEE: L20
Latest filing: 2024
Total Revenue$3.1M
Total Expenses$3.8M
Total Assets$1.0M
Grant Records15
Funding Total$667K
Filing Years2020–2024
Where $100 goes at Homestead Development Corporation
How Homestead Development Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 5 years.
$99
Programs
the work itself
$1
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $99 for programs
$99
Acquisition of vacant land from donor, completion of engineering design, site preparation, and begin construction of affordable housing complex in Lake Placid and North Elba
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
FOR SUPPORT OF THE LAKE PLACID THRIFT SHOP AND FOOD PANTRY PROJECT
$120,000
FOR SUPPORT OF THE LAKE PLACID THRIFT SHOP AND FOOD PANTRY PROJECT
$100,000
FOR SUPPORT OF THE THRIFT AND THRIVE LAKE PLACID FOOD PANTRY
$40,000
FOR THE "FOX HILL INITIAL DEVELOPMENT WORK" APPLICATION
$20,000
FOR UNRESTRICTED SUPPORT
$20,000
Showing up to 5 of 15 total records — full history available with membership.
Officers & Directors
Trustee
Emily Kilburn Politi
Secretary
Jamie Rogers
Treasurer
John B Huttlinger Jr
Trustee
Maja Giambalvo
President
Stephen Sama
Trustee
Timothy Seymour
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $3.1M | $3.8M | $1.0M |
| 2023 | $930K | $770K | $3.6M |
| 2022 | $1.4M | $704K | $1.6M |
| 2021 | $603K | $12K | $763K |
| 2020 | $15K | $5K | $11K |
Between 2020 and 2024, reported annual revenue grew from $15K to $3.1M (+20531%), with total assets most recently reported at $1.0M.
Interactive year-over-year charts and full filing details available with membership.