EIN 04-6190467

Home City Development

IRS 501(c) type
501(c)(3)
Num. employees
5
Year formed
1968
Most recent tax filings
2022-12-01
Description
Home City Development aims to restore and replace substandard housing by providing a supply of decent, affordable, and well-managed housing for individuals and families. Additionally, it works to facilitate neighborhood growth and health in collaboration with partners, leading to long-term family and community stability. Its programs focus on the rental development and management of low-income housing in the Springfield, MA area.
Also known as...
Better Homes
Total revenues
$3,023,264
2022
Total expenses
$1,600,953
2022
Total assets
$19,443,390
2022
Num. employees
5
2022

Program areas at Home City Development

Home City Development, Inc. and its subsidiaries were formed to provide and maintain housing for use by families and persons of lower income in western Massachusetts. Rental Development & management of low income housing in springfield, ma area.

Who funds Home City Development

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Community Foundation of Western MassachusettsHuman Services$154,000
Economic Development Council (EDC)Educational Programs$34,650
New England Grassroots Environment Fund (NEGEF)Environmental$6,000

Personnel at Home City Development

NameTitleCompensation
Richard KingstonExecutive Director
Thomas KegelmanOfficer$142,120
Peter SerafinoDirector of Real Estate Development
Tia AltmanAdministrative Services Manager
Jasper McCoyProject Manager
...and 3 more key personnel

Financials for Home City Development

RevenuesFYE 12/2022
Total grants, contributions, etc.$1,059,412
Program services$1,643,149
Investment income and dividends$247,647
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$10,557
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$62,499
Total revenues$3,023,264

Form 990s for Home City Development

Fiscal year endingDate received by IRSFormPDF link
2022-122023-10-27990View PDF
2021-122022-10-07990View PDF
2020-122021-06-15990View PDF
2019-122020-12-11990View PDF
2018-122019-12-26990View PDF
...and 8 more Form 990s
Data update history
January 10, 2024
Posted financials
Added Form 990 for fiscal year 2022
December 30, 2023
Received grants
Identified 2 new grant, including a grant for $34,650 from Economic Development Council (EDC)
August 17, 2023
Updated personnel
Identified 6 new personnel
June 13, 2023
Received grants
Identified 1 new grant, including a grant for $154,000 from Community Foundation of Western Massachusetts
June 12, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Housing and shelter organizationsCharities
Issues
Human servicesHousing
Characteristics
State / local levelReceives government fundingTax deductible donations
General information
Address
261 Oak Grove Ave
Springfield, MA 01109
Metro area
Springfield, MA
County
Hampden County, MA
Website URL
homecitydevelopment.org/ 
Phone
(413) 785-5312
IRS details
EIN
04-6190467
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1968
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
L20: Housing Development, Construction, Management
NAICS code, primary
62422: Community Housing Services
Parent/child status
Independent
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