BELMONT HOUSING RESOURCES FOR WNY INC

BUFFALO, NY, 14214-2365 (716) 884-7791 Est. 1977 EIN 16-1080227

L020 - Housing & Shelter 990 - Public charity return 501(c)(3)

www.belmonthousingwny.org

Mission

OUR MISSION IS TO EXPAND AFFORDABLE HOUSING OPPORTUNITES IN WESTERN NEW YORK BY ASSISTING LOW AND MODERATE INCOME HOUSEHOLDS TO OBTAIN HOUSING, BY PRODUCING AND PRESERVING HOUSING UNITS, AND BY PROFESSIONALLY MANAGING AFFORDABLE HOUSING.

Financials

Total Revenue

$9,045,879

Total Expenses

$8,936,055

Net Assets

$12,912,105

149 employees 9 volunteers

From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve

17.3 months Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↑ 4.7%

Expenses ↑ 4.8%

Revenue Sources

Contributions 26.2% Earned revenue 65.5% Investment 3.4% Other 5.0%

Expense Breakdown

Program 89.4% Management 10.6%

Officers & Key Employees (16)

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Grants Received (55)

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Filing History (6 filings)

Year	Revenue	Expenses	Net Assets
2024 990 - Public charity return Jan 1, 2024 to Dec 31, 2024	$9,045,879 ↑	$8,936,055	$12,912,105
2023 990 - Public charity return Jan 1, 2023 to Dec 31, 2023	$8,637,263 ↓	$8,528,336	$12,555,194
2022 990 - Public charity return Jan 1, 2022 to Dec 31, 2022	$8,832,569 ↓	$8,626,151	$12,175,331
2020 990 - Public charity return Jan 1, 2020 to Dec 31, 2020	$10,428,213 ↑	$8,458,509	$10,328,764
2019 990 - Public charity return Jan 1, 2019 to Dec 31, 2019	$8,232,434 ↑	$6,700,232	$8,237,434
2018 990 - Public charity return Jan 1, 2018 to Dec 31, 2018	$6,709,889	$6,450,696	$6,378,246