Question 1

Who funds Homestead Development Corporation?

Accepted Answer

Homestead Development Corporation has received grants from 4 known foundation funders, with 10 grants on file. The largest known funder is ADIRONDACK FOUNDATION.

Question 2

What is Homestead Development Corporation's mission?

Accepted Answer

Homestead Development Corporation
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.

Question 3

What is Homestead Development Corporation's annual revenue?

Accepted Answer

Homestead Development Corporation reported annual revenue of $3,094,710 in their most recent IRS 990 filing. Total expenses were $3,765,766. Financial data is available for 4 filing years.

Question 4

Who leads Homestead Development Corporation?

Accepted Answer

Homestead Development Corporation is led by Timothy Seymour (Trustee), Emily Kilburn Politi (Trustee), Maja Giambalvo (Trustee), and 4 other key personnel. This information is from their 2024 IRS 990 filing.

Question 5

Where is Homestead Development Corporation located?

Accepted Answer

Homestead Development Corporation is located in Lake Placid, NY. Their EIN is 85-0866443. Their website is www.homesteadadk.org.

Year	Revenue	Expenses	Assets
2024	$3,094,710	$3,765,766	$1,010,818
2023	$930,076	$770,077	$3,558,992
2022	$992,002	$703,551	$1,623,820
2021	$243,185	$146,419	$278,626

Homestead Development Corporation

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