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
Latest filing: 2024
Total Revenue$3.1M
Total Expenses$3.8M
Total Assets$1.0M
Grant Records15
Funding Total$667K
Filing Years2020–2024
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 UNRESTRICTED SUPPORT
$20,000
FOR THE "FOX HILL INITIAL DEVELOPMENT WORK" APPLICATION
$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.