irs program accomplishments · form 990 part iii · fy2024
What they reported doing
- #1 primary $511KPROVIDE LOW AND VERY LOW INCOME APARTMENTS TO INCOME QUALIFYING FAMILIES AND INDIVIDUALS IN THE WATERTOWN AND PHILADELPHIA, NEW YORK AREAS -TWO THIRTY-TWO UNIT APARTMENT PROJECTS
- #2 $1.11MPROVIDE AFFORDABLE HOME OWNERSHIP OPPORTUNITIES TO INCOME QUALIFYING FAMILIES AND INDIVIDUALS FOR WHOM THERE ARE NO OTHER REASONABLE AND AFFORDABLE HOME OWNERSHIP
named programs · 4 · from sources
What they call their work
Mobile Home Replacement Program
Provides grants up to $100,000 to low-income homeowners in Jefferson County for replacing older mobile homes with new energy-efficient modular units on owned land
Owner Occupied Rehabilitation Program
Provides financial assistance to low-income homeowners in Jefferson County (excluding Watertown city) to improve housing conditions and meet quality standards
Rental Properties Management
Owns and manages 64 affordable rental units across two properties: Kelsey Creek Apartments in Watertown and Stonewood West Apartments in Philadelphia, NY
Septic System Replacement Program
Offers reimbursement up to $5,000 for replacing failing septic systems within 250 feet of targeted waterbodies in Jefferson County
activities · 4 groups
What they do
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Home Repair Assistance for Low-Income Households 2 activities
- Administering home rehabilitation servicesProvides rehabilitation services for owner-occupied homes, completing 300 such projects and distributing $5,461,930 in grant funds. The Owner Occupied Rehabilitation Program has rehabilitated 247 homes, supporting income-eligible households in northern New York.
- Operating mobile home replacement programOffers a Mobile Home Replacement Program that provides grants of up to $100,000 to eligible low-income households in Jefferson County to replace older mobile homes with new, energy-efficient modular homes.
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Affordable Housing Development and Management 1 activity
- Operating affordable rental housing complexesOwns and manages 64 rental units across two 32-unit apartment projects—Kelsey Creek Apartments in Watertown and Stonewood West Apartments in the Village of Philadelphia, New York—for low- to middle-income families and individuals. These properties offer 1- and 2-bedroom apartments with access to transportation and public transit.
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Affordable Home Construction & Rehabilitation 1 activity
- Providing affordable homeownership opportunitiesOffers pathways to homeownership for income-qualifying individuals and families who lack affordable options, including through new construction and rehabilitation projects. The organization has completed 350 newly constructed homes or apartments and supported homeownership through education and financial assistance programs.
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Uncategorized 2 activities
- Administering septic system replacement grantsRuns a septic system replacement grant program offering up to $5,000 per system (covering 50% of eligible costs) for property owners near Priority Waterbodies in Jefferson County. Applications are reviewed and ranked based on environmental impact and system condition, with a waiting list maintained for future funding.
- Conducting program evaluation researchContracted Jefferson Community College's Center for Community Studies in 1999 to evaluate households that completed the Mobile Home Replacement Program, assessing program outcomes and effectiveness.
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financials · form 990 · fy2024
revenue
Total revenue$1.75M
Contributions & grants$1.31M75%
Program service revenue$415K24%
Investment income$8770%
Other revenue$28K
expenses
Total expenses$1.78M
Program expenses97%
Admin / overhead3%
Fundraising0%
Salaries & benefits$0
Grants paid out$1.11M
Largest expense lineFacilities
balance sheet
Total assets$2.20M
Cash$798K
Investments$140K
Liabilities$3.91M
Net assets$-1.71M
Liquid reserves6.3 mo
4 years on record · 2020–2024 · YoY revenue +21.0%
leadership · form 990 part vii · fy2024
Who runs it
board members · 9
- AL ROMANO — DIRECTOR
- DUSTIN CLARK — PRESIDENT
- JESSE IRWIN — DIRECTOR
- MITCH MCCORMICK — DIRECTOR
- SARAH ROLLAND — SECRETARY
- SUSAN MEYER — DIRECTOR
- TEENA HEASLEY — TREASURER
- TIM TALLMADGE — DIRECTOR
- TIMOTHY FAYETTE — VICE PRESIDENT
relationships · 12
Who they work with
- CNY Fair Housing Partner — Partner organization referenced in connection with fair housing law compliance.
- Development Authority of the North Country (DANC) Partner — Supporter of the Mobile Home Replacement Program.
- Environmental Facilities Corporation Government — State agency providing funding and program framework for septic system replacement in Jefferson County.
- Jefferson Community College's Center for Community Studies Partner — Conducted a survey in 1999 to evaluate the outcomes of the Mobile Home Replacement Program.
- Local Lenders Partner — Financial institutions that provide mortgage financing to program participants for the portion of costs not covered by grants.
- NYS Division of Housing and Community Renewal Government — Provides administrative funding through the Rural Preservation Company (RPC) Program.
- NYS Division of Housing and Community Renewal Government — Supporter and likely funding partner in the Mobile Home Replacement Program.
- Neighbors of Watertown Partner — Collaborates on housing programs and shares program information and application resources.
- North Country HOME Consortium Government — Federal and locally administered funding partner providing grant funds for the program.
- Northern New York Community Foundation Partner — Supporter of the Mobile Home Replacement Program.
- State of New York Affordable Housing Corporation Government — Primary funder providing grant funds for the Mobile Home Replacement Program.
- USDA Rural Development Government — Supporter and potential funding partner in rural housing initiatives.
strategies · 4
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- Housing Rehabilitation with Long-Term Affordability Compliancemethodology: owner-occupant-rehabilitation-with-complianceBy rehabilitating owner-occupied homes and requiring a 10-year compliance period, we improve housing quality for low- and very low-income households while ensuring that affordability is preserved long-term, because enforced affordability covenants prevent displacement and maintain community stability.
- Mandatory Homeownership Education for Capacity Buildingmethodology: homeownership education requirementBy requiring participation in homeownership training, we build financial and maintenance capacity among low-income homeowners, because education directly strengthens long-term housing stability and reduces risk of default or deterioration.
- Shared-Financing Mobile Home Replacementmethodology: housing replacement with shared financingBy providing substantial grants toward new modular homes while requiring homeowners to finance the remainder, we replace aging mobile homes and reduce substandard housing, because shared investment promotes long-term ownership and stewardship among low-income households.
- Targeted Environmental Health Interventionsmethodology: environmental-health targetingBy prioritizing septic system replacements near impaired waterbodies, we mitigate public health risks and improve groundwater quality, because geographically targeted interventions maximize environmental and health impact in the most vulnerable areas.