Nonprofit · EIN 37-1314292
HOMESTEAD CORPORATION CHAMPAIGN - URBANA
Tax-exempt · CHAMPAIGN, IL 61822
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $185,950 | $221,519 | -$35,569 | $724,117 | $5,851 | $718,266 |
| December 31, 2023 | 990 | $162,468 | $152,552 | $9,916 | $757,891 | $4,056 | $753,835 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $100,355
- of which government grants
- $100,355
- Program service revenue
- $79,166
- Investment income
- $0
- Other revenue
- $6,429
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $32,900
- Salaries, compensation and benefits (total)
- $35,702
- Professional fundraising fees
- $0
- Legal fees
- $5,701
- Accounting fees
- $12,000
- Occupancy
- $97,305
- Depreciation
- $39,722
- Program services (functional)
- $192,707
- Management and general (functional)
- $28,812
Balance sheet and other
- Total assets, start of year
- $757,891
- Total assets, end of year
- $724,117
- Total liabilities, end of year
- $5,851
- Net assets, end of year
- $718,266
- Land, buildings and equipment
- $648,829
- Net assets without donor restrictions
- $718,266
- Gross receipts
- $185,950
- Employees
- 4
- Volunteers
- 50
- Year formed
- 1993
- State of legal domicile
- IL
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 |
|---|---|---|---|
| ROBIN ARBITER | DIRECTOR Trustee or director | – | $0 |
| EMILY BARNUM | DIRECTOR Trustee or director | – | $0 |
| TOM HODSON | PRESIDENT Trustee or director, Officer | – | $0 |
| ARIANN AGRAMONTE HOLTERMAN | DIRECTOR Trustee or director | – | $0 |
| KIMBERLY OTCHERE | TREASURER Trustee or director, Officer | – | $0 |
| JASMINE ROUTON | SECRETARY Trustee or director, Officer | – | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TOM HODSON | PRESIDENT Trustee or director, Officer | – | $0 |
| ARIANN AGRAMONTE HOLTERMAN | DIRECTOR Trustee or director | – | $0 |
| KIMBERLY OTCHERE | TREASURER Trustee or director, Officer | – | $0 |
| JASMINE ROUTON | SECRETARY Trustee or director, Officer | – | $0 |
| CAROL SHUPP | VICE-PRESIDE Trustee or director, Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- C/O EMILY BANUM 1402 FARLEY LN, CHAMPAIGN, IL 61822-0000
- Principal officer (990 for 2024)
- TOM HODSON, 2011 ODONNELL DR, CHAMPAIGN, IL 61821
- Signed the 990
- TOM HODSON, PRESIDENT
- Website
- HOMESTEADCORP.ORG
- Return prepared by
- RUSSELL LEIGH & ASSOCIATES
Mission
PROVIDE AFFORDABLE HOUSING TO LOW INCOME INDIVIDUALS AND FAMILIES
Program accomplishments
- HOMESTEAD APARTMENTS: PROVIDING AFFORDABLE HOUSING TO LOW INCOME INDIVIDUALS AND FAMILIESExpenses $192,707
- HOUSING DEVELOPMENT: ENCOMPASSES PROJECT MANAGEMENT FOR LOW INCOME HOUSING PROJECTS
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
- 37-1314292
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1996
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20Z)
- Assets (IRS master file)
- $724,117
- Income (IRS master file)
- $185,950
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $185,950 | $221,519 | $724,117 | XML |
| 990 | December 2023 | $162,468 | $152,552 | $757,891 | XML |
| 990 | December 2022 | $138,823 | $143,655 | $761,743 | 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 37-1314292).
Questions about HOMESTEAD CORPORATION CHAMPAIGN - URBANA
- What is the EIN of HOMESTEAD CORPORATION CHAMPAIGN - URBANA?
- The employer identification number (EIN) of HOMESTEAD CORPORATION CHAMPAIGN - URBANA is 37-1314292.
- Is HOMESTEAD CORPORATION CHAMPAIGN - URBANA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to HOMESTEAD CORPORATION CHAMPAIGN - URBANA tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HOMESTEAD CORPORATION CHAMPAIGN - URBANA 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 HOMESTEAD CORPORATION CHAMPAIGN - URBANA 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 HOMESTEAD CORPORATION CHAMPAIGN - URBANA 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 HOMESTEAD CORPORATION CHAMPAIGN - URBANA?
- The 990 for the year ended December 31, 2024 names TOM HODSON.
- Who are the officers and directors of HOMESTEAD CORPORATION CHAMPAIGN - URBANA?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does HOMESTEAD CORPORATION CHAMPAIGN - URBANA have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $185,950, expenses of $221,519 and total assets of $724,117 at year end.
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All nonprofits in CHAMPAIGN · Illinois · Housing and shelter