Nonprofit · EIN 04-6190467
HOME CITY DEVELOPMENT INC
Tax-exempt · SPRINGFIELD, MA 01109
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,437,102 | $1,970,169 | -$533,067 | $54,239,900 | $42,117,710 | $12,122,190 |
| December 31, 2023 | 990 | $1,135,582 | $1,737,131 | -$601,549 | $23,941,602 | $11,418,439 | $12,523,163 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $595,108
- Program service revenue
- $504,114
- Investment income
- $310,334
- Net gain from sales of assets
- $30,459
- Other revenue
- $27,546
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $169,946
- Other salaries and wages
- $589,906
- Salaries, compensation and benefits (total)
- $938,187
- Professional fundraising fees
- $0
- Legal fees
- $31,632
- Accounting fees
- $90,015
- Occupancy
- $37,280
- Travel
- $2,672
- Depreciation
- $130,938
- Program services (functional)
- $1,191,630
- Management and general (functional)
- $778,539
Balance sheet and other
- Total assets, start of year
- $23,941,602
- Total assets, end of year
- $54,239,900
- Total liabilities, end of year
- $42,117,710
- Net assets, end of year
- $12,122,190
- Land, buildings and equipment
- $5,348,698
- Publicly traded securities
- $3,656,392
- Net assets without donor restrictions
- $11,926,120
- Net assets with donor restrictions
- $196,070
- Gross receipts
- $1,546,643
- Employees
- 23
- Volunteers
- 0
- Year formed
- 1968
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| THOMAS KEGELMAN | EXECUTIVE DIRECTOR/ CLERK Officer | 40 | $163,945 | $6,001 |
| JOESIAH GONZALEZ | CHEIFPHILANTHROPY & COMMUNICATIONS OFFICER Highest-paid employee | 40 | $157,500 | $4,946 |
| JENNICA HUFF | DIRECTOR OF REAL ESTATE Highest-paid employee | 40 | $140,537 | $0 |
| PETER SEAFINO | SENIOR PROJECT MANAGER Highest-paid employee | 40 | $131,633 | $5,065 |
| DR ANDREW BALDER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| V VAN JOHNSON ESQ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THOMAS MCCOLGAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LOLETA COLLINS | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| CHRISTOPHER SUGRUE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID MAYNARD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KAREN WALKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MALISSA NAYLOR | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| BEVERLY BATES | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| BERTRAND DANIEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| THOMAS KEGELMAN | EXECUTIVE DIRECTOR/ CLERK Officer | 40 | $164,777 | $6,034 |
| RICHARD KINGSTON | DIRECTOR Highest-paid employee | 40 | $154,258 | $0 |
| PETER SEAFINO | DIRECTOR OF REAL ESTATE Highest-paid employee | 40 | $140,851 | $4,942 |
| DR ANDREW BALDER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| V VAN JOHNSON ESQ | DIRECTOR Trustee or director, Officer | 1 | $0 | $0 |
| THOMAS MCCOLGAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LOLETA COLLINS | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| CHRISTOPHER SUGRUE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KYLE CALLENDER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID MAYNARD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KAREN WALKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MALISSA NAYLOR | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| VANESSA OTERO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BEVERLY BATES | TREASURER Trustee or director | 1 | $0 | $0 |
| BERTRAND DANIEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 261 OAK GROVE AVE, SPRINGFIELD, MA 01109-3023
- Principal officer (990 for 2024)
- THOMAS KEGELMAN, 261 OAK GROVE AVENUE, SPRINGFIELD, MA 01109
- Signed the 990
- THOMAS KEGELMAN, OFFICER
- Phone
- (413) 785-5312
- Website
- WWW.HOMECITYDEVELOPMENT.ORG
- Return prepared by
- FLAHERTY SALMIN LLP
Mission
1.TO RESTORE OR REPLACE SUBSTANDARD HOUSING WITH A SUPPLY OF DECENT, AFFORDABLE, AND WELL-MANAGED HOUSING FOR INDIVIDUALS AND FAMILIES.2.TO FACILITATE NEIGHBORHOOD GROWTH AND HEALTH IN COLLABORATION WITH PARTNERS, LEADING TO LONG-TERM FAMILY AND COMMUNITY STABILITY.3.TO WORK WITH RESIDENTS, BUILDING ON THEIR STRENGTHS, TOWARD HEALTHY AND STABLE FUTURES.
Program accomplishments
- 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.Expenses $1,191,630 · revenue $562,119
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 04-6190467
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1968
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20Z)
- Assets (IRS master file)
- $54,239,900
- Income (IRS master file)
- $1,546,643
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,437,102 | $1,970,169 | $54,239,900 | XML |
| 990 | December 2023 | $1,135,582 | $1,737,131 | $23,941,602 | XML |
| 990 | December 2022 | $3,023,264 | $1,600,953 | $19,443,390 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-6190467).
Questions about HOME CITY DEVELOPMENT INC
- What is the EIN of HOME CITY DEVELOPMENT INC?
- The employer identification number (EIN) of HOME CITY DEVELOPMENT INC is 04-6190467.
- Is HOME CITY DEVELOPMENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1968.
- Are donations to HOME CITY DEVELOPMENT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HOME CITY DEVELOPMENT INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HOME CITY DEVELOPMENT INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HOME CITY DEVELOPMENT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of HOME CITY DEVELOPMENT INC?
- The 990 for the year ended December 31, 2024 names THOMAS KEGELMAN.
- Who are the officers and directors of HOME CITY DEVELOPMENT INC?
- The 990 for the year ended December 31, 2024 lists 14 people; 4 received compensation from the organization, the highest $163,945 (THOMAS KEGELMAN, EXECUTIVE DIRECTOR/ CLERK).
- How much revenue does HOME CITY DEVELOPMENT INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,437,102, expenses of $1,970,169 and total assets of $54,239,900 at year end.
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All nonprofits in SPRINGFIELD · Massachusetts · Housing and shelter