Hometown Development Corporation in Carlisle, Pennsylvania (PA)

Table of contents:

Organization representatives - add corrected or new information about Hometown Development Corporation »

Non-representatives - add comments about Hometown Development Corporation»

Hometown Development Corporation
Employer Identification Number (EIN)251858737
Name of OrganizationHometown Development Corporation
In Care of NameLouis Martin
Address114 N Hanover Street, Carlisle, PA 17013-2463
SubsectionCharitable Organization
Ruling Date02/2001
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$289,298
Amount of Income$33,269
Form 990 Revenue Amount$33,269
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Economic Development


Non-representatives - add comments:


CAPTCHA

Your IP address 54.91.137.223 will be logged.

Amount of income in 2012: $33,269
This organization: 

 $33,269
Other organizations performing similar types of work: 

 $152,071

Assets in 2012: $289,298
Hometown Development Corporation: 

 $289,298
Other organizations performing similar types of work: 

 $145,197

Expenses in 2005: $121,805
Hometown Development Corporation: 

 $121,805
Other organizations performing similar types of work: 

 $664,768

Income to expenses ratio in 2005: 1.6
This organization: 

 1.6
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2005: 98.2%
Hometown Development Corporation: 

 98.2%
Other organizations performing similar types of work: 

 62.9%

Grants share in income in 2005: 49.4%
Hometown Development Corporation: 

 49.4%
Other organizations performing similar types of work: 

 71.3%

Financial snapshot ($)

Revenue for 2005

Assets at end of 2005

Expenses for 2005

Functional Expenses for 2005 ($)

Income-Producing Activities for 2005

Revenue, Expenses, and Changes in Net Assets or Fund Balances
200320042005
Total revenue$85,052$82,463$197,246
Contributions, gifts, grants, and similar amounts received$44,939$10,000$97,500
Contributions to donor advised funds
Direct public support$0$5,000$2,500
Indirect public support$0$0$0
Government contributions (grants)$44,939$5,000$95,000
Program service revenue including government fees and contracts$0$78,354$99,599
Membership dues and assessments$0$0$0
Interest on savings and temporary cash investments$5$3$147
Dividends and interest from securities$0$0$0
Net rental income or (loss)$40,108$0$0
Gross rents$40,108$0$0
Less: rental expenses$0$0$0
Other investment income$0$0$0
Gain or (loss) from sales of assets other than inventory$0$-5,894$0
Gross amount from sales of assets other than inventory$0$75,000$0
Less: cost or other basis and sales expenses$0$80,894$0
Net income or (loss) from special events and activities$0$0$0
Gross revenue$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0
Less: cost of goods sold$0$0$0
Other revenue$0$0$0
Total expenses$49,537$134,780$121,805
Program services$49,537$132,585$119,606
Management and general$0$2,195$2,199
Fundraising$0$0$0
Payments to affiliates$0$0$0
Net assets or fund balances at end of year$40,000$-73,210$-10,069
Excess or (deficit) for the year$35,515$-52,317$75,441
Net assets or fund balances at beginning of year$4,485$40,000$-73,210
Other changes in net assets or fund balances$0$-60,893$-12,300
Statement of Functional Expenses (for 2005)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$121,805$119,606$2,199$0
Grants paid from donor advised funds
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above$0$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$0$0$0$0
Legal fees$0$0$0$0
Supplies$0$0$0$0
Telephone$0$0$0$0
Postage and shipping$0$0$0$0
Occupancy$4,162$4,162$0$0
Equipment rental and maintenance$11,115$11,115$0$0
Printing and publications$0$0$0$0
Travel$0$0$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$57,398$57,398$0$0
Depreciation, depletion, etc.$29,276$29,276$0$0
Other expenses not covered above$19,854$17,655$2,199$0
Balance Sheets
200320042005
Total assets$1,319,947$1,129,257$1,439,286
Cash - non-interest-bearing$14,211$8,399$66,874
Savings and temporary cash investments$27,750$28,156$18,260
Accounts receivable less allowance for doubtful accounts$0$0$0
Pledges receivable less allowance for doubtful accounts$0$0$0
Grants receivable$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$0$0$0
Inventories for sale or use$0$0$0
Prepaid expenses and deferred charges$0$0$0
Investments - publicly-traded securities
Investments - other securities$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$298,970
Investments - other$0$0$0
Land, buildings, and equipment less accumulated depreciation$1,277,986$1,092,702$1,055,182
Other assets, including program-related investments$0$0$0
Total liabilities$1,279,947$1,202,467$1,449,355
Accounts payable and accrued expenses$1,820$6,869$7,341
Grants payable$0$0$0
Deferred revenue$0$0$62,500
Loans from officers, directors, trustees, and key employees$0$0$0
Tax-exempt bond liabilities$0$0$0
Mortgages and other notes payable$1,278,127$1,195,598$1,379,514
Other liabilities$0$0$0
Total liabilities and net assets/fund balances$1,319,947$1,129,257$1,439,286
Total net assets or fund balances$40,000$-73,210$-10,069
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
200320042005
Total revenue$0$0$0
Total revenue, gains, and other support per audited financial statements$0$0$0
Other expenses$0$0$0
Net unrealized gains on investments$0$0$0
Donated services and use of facilities$0$0$0
Recoveries of prior year grants$0$0$0
Other$0$0$0
Other revenue$0$0$0
Investment expenses$0$0$0
Other$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
200320042005
Total expenses$0$0$0
Total expenses and losses per audited financial statements$0$0$0
Other revenue$0$0$0
Donated services and use of facilities$0$0$0
Prior year adjustments$0$0$0
Losses$0$0$0
Other$0$0$0
Other expenses$0$0$0
Investment expenses$0$0$0
Other$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings7
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?No
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2005)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$147$99,599
Program service revenue
Program service revenue 1000000$000$0$99,599
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$147$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2005)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2005)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2005)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
Enter the total number of donor advised funds owned at the end of the tax year
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that normally receives: less than 1/3 of its support from gross investment income and unrelated taxable business income and more than 1/3 of its support from contribution, membership fees
Support Schedule
200220032004
Total$0$85,052$88,357
Gifts, grants, and contributions received$0$44,939$10,000
Membership fees received$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$40,108$78,354
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$5$3
Net income from unrelated business activities not included above$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0
Other income$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2005)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2011)
Total revenue$64,379
Contributions, gifts, grants, and similar amounts received$32,955
Program service revenue including government fees and contracts$31,424
Membership dues and assessments$0
Investment income$0
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$0
Gross profit from sales of inventory$0
Other revenue$0
Total expenses$34,384
Total net assets$-36,606
Excess for the year$29,995
Net assets or fund balances at beginning of year$-66,601
Other changes in net assets or fund balances$0
Balance Sheets (for 2011)
Total assets$288,271
Total liabilities$324,877
Net assets or fund balances$-36,606
Other Information (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Support Schedule for Organizations Described in Section 509(a)(2) (for 2011)
2007 - 2011 Total
Total support$300,576
Gifts, grants, contributions, and membership fees received$136,807
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$163,212
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
Other$557
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend Hometown Development Corporation to others? (optional)
  
Add photo of Hometown Development Corporation (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Sign in with Twitter
Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»

Sweepstakes

Special limited-time promotion! Submit your review for a chance to win $500 in our sweepstakes!



Your email address (you will not be contacted unless you win, we do not sell your email address or send any spam):


Recently Added Reviews
Carlisle Cap Flying Club Inc in Carlisle, PA
*****
Katie Stauffer Arts And Cultural Center, Katie Stauffer Memorial Art Center in Quakertown, PA
Healing Tree International in Palmyra, PA
***•
Stop The Madness - Stop The Violence Inc in Philadelphia, PA
****
Burrell Education Foundation Inc in Lower Burrell, PA
*****
Saucon Valley Country Club in Bethlehem, PA
*
Lehigh Valley Amateur Astronomical Society Inc in Allentown, PA
****•
Multiethnic Behavioral Health Inc in Philadelphia, PA
*•
Park Lawn Cemetery Assn Tr in Jamestown, PA
*****
Happy Meals Association in Arlington, TX
*****
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Metropolitan Entertainment & Convention Authority455 N 10th St, Omaha, NE 68102-1151NE1997-12$42,811,850
2Structured Employment Economic Development Corporation915 Broadway Fl 17, New York, NY 10010-7116NY1977-01$36,186,581
3Columbus Downtown Development Corporation150 S Front St Ste 210, Columbus, OH 43215-7105OH2002-10$15,371,865
4Delaware River Waterfront Corporation121 N Columbus Blvd, Philadelphia, PA 19106-1403PA2009-10$12,707,512
5Lehigh Valley Economic Development Corporation2158 Avenue C Ste 200, Bethlehem, PA 18017-2148PA2001-10$2,809,067
6Bedford County Development Association1 Corporate Drive, Bedford, PA 15522-7983PA2004-08$1,466,048
7Ebenezer Development Corporation3702 Allendale Cir, Pittsburgh, PA 15204-1206PA2012-07$1,157,763
8Delaware River City Corporation5301 Tacony St Ste 215, Philadelphia, PA 19137-2309PA2005-06$1,041,234
9Clearfield County Economic Development Corporation511 Spruce Street, Clearfield, PA 16830-1923PA2000-07$809,191
10Hometown Development Corporation114 N Hanover Street, Carlisle, PA 17013-2463PA2001-02$33,269
11Greater Philadelphia Tourism Marketing Corporation30 S 17th Street, Philadelphia, PA 19103-4001PA1996-10$11,193,486
12Dauphin County Economic Development CorporationVeterans Building 112 Market Street, Harrisburg, PA 17101PA1998-08$4,324,288
13Pa Capital Regions Vacation Bureau, Hershey Capital Region Visitors Bur17 S 2nd Street, Harrisburg, PA 17101-2006PA1998-12$2,767,141
14Innovation Philadelphia Inc2600 Centre Sq W, Philadelphia, PA 19102-2115PA2002-06$2,465,342
15Cumberland Area Economic Development Corporation53 W South Street St 1, Carlisle, PA 17013-3458PA2005-10$2,136,410
16Pennsylvania Coal Alliance Inc212 N Third Street, Harrisburg, PA 17101-1505PA2004-01$2,054,559
17Economic Growth Connection Of Westmoreland40 N Pennsylvania Ave Ste 510, Greensburg, PA 15601-2342PA1989-09$1,820,733
18Idea Foundry4551 Forbes Ave Ste 200, Pittsburgh, PA 15213-3524PA2002-04$1,554,791
19Johnstown Area Regional Industries Inc245 Market St Ste 200, Johnstown, PA 15901-2910PA2011-09$1,488,967
20Butler Economic Development Corporation111 Woody Dr, Butler, PA 16001-7603PA2002-02$1,367,029
Number of organizations performing similar types of work
Alaska21
Alabama54
Arkansas25
Arizona31
California261
Colorado37
Connecticut34
District of Columbia26
Delaware6
Florida103
Georgia58
Hawaii25
Iowa53
Idaho11
Illinois91
Indiana71
Kansas41
Kentucky44
Louisiana61
Massachusetts41
Maryland40
Maine25
Michigan84
Minnesota44
Missouri82
Mississippi33
Montana31
North Carolina116
North Dakota10
Nebraska29
New Hampshire22
New Jersey49
New Mexico37
Nevada13
New York189
Ohio130
Oklahoma36
Oregon40
Pennsylvania158
Rhode Island5
South Carolina55
South Dakota31
Tennessee49
Texas152
Utah16
Virginia56
Vermont15
Washington43
Wisconsin56
West Virginia33
Wyoming15
International9
Total2,797

faqs.org is not associated with, endorsed by, or sponsored by Hometown Development Corporation and has no official or unofficial affiliation with Hometown Development Corporation