Overview
What is Homecrest Community Services Inc?
Homecrest Community Services Inc, located in Brooklyn, New York, is a nonprofit organization that focuses on catering to the needs of seniors, children, and families. With a dedicated workforce of 12 individuals, they offer a multitude of educational, cultural, and social services. Their mission is to enrich the lives of seniors in the community, providing them with opportunities for learning, engagement, and companionship. Their scope of work extends beyond the elderly, also serving children and families in various capacities. The specifics of their services are not detailed in the information, but it is evident that Homecrest Community Services Inc is committed to enhancing the well-being and quality of life for its community members.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star Rating)
Homecrest Community Services Inc has received an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With a total score of 94%, the organization demonstrates sound financial practices and a commitment to transparency. The rating indicates that donors can have confidence in how their contributions are managed and utilized effectively for the community's benefit.
The organization boasts a fully independent board, with 100% of its members meeting the criteria, which enhances its governance and decision-making processes. Additionally, it has received high marks in key areas such as its conflict of interest policy, audit and oversight committee, and financial health indicators, including a low liabilities-to-assets ratio of 19.04%. These strengths suggest that Homecrest Community Services is managed responsibly and operates with a level of integrity that inspires trust among stakeholders.
While the overall rating is excellent, there are no specific limitations noted in the available data. The high program expense ratio of 85.34% indicates that a significant portion of its budget goes directly towards programs rather than administrative costs, further highlighting its commitment to serving the community. Overall, this rating positions Homecrest Community Services Inc as a reputable nonprofit with a focus on accountability and service delivery.
This AI summary has been generated from information found on Charity Navigator.
Is Homecrest Community Services Inc legitimate?
Homecrest Community Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Homecrest Community Services Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $39,731
Professional Fundraising Fees: $0
Other Salaries and Wages: $443,358
For more financial information, click here
What is the mission statement of Homecrest Community Services Inc?
Homecrest Community Services Inc is dedicated to serving seniors within the community, offering a range of educational, cultural, and social services. Their mission is centered around enhancing the lives of senior citizens, as well as children and families, through these services. By providing these resources, they aim to foster a sense of community and support for older adults, allowing them to maintain an active and engaged lifestyle.
Who is the CEO of Homecrest Community Services Inc?
Wai Yee Chan is the Executive Director of Homecrest Community Services Inc.
What is the revenue of Homecrest Community Services Inc?
Homecrest Community Services Inc's revenue in 2022 was $1,336,549.
Who are the executives of Homecrest Community Services Inc and what are their salaries?
The average compensation at Homecrest Community Services Inc during 2022 was $40,257. There are 12 employees at Homecrest Community Services Inc.
Here are 7 key members and their salaries:
- Compensation: $39,731
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Homecrest Community Services Inc?
Homecrest Community Services Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Homecrest Community Services Inc
Homecrest Community Services Inc is dedicated to serving the needs of seniors in the community. Their mission, as stated, is to provide a range of educational, cultural, and social services to this demographic, as well as to children and families. The organization aims to improve the quality of life for senior citizens by offering various programs and activities that cater to their interests and needs. These services are designed to promote social interaction, learning, and cultural engagement among seniors, thereby enriching their overall experience. Homecrest Community Services Inc is committed to enhancing the well-being of the elderly by offering a comprehensive suite of services that cater to their diverse needs and preferences.
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Impact
July, 2024
Homecrest Community Services Inc positively impacts the senior community in Brooklyn, NY by providing a variety of educational, cultural, and social services. Their mission to offer social, education, and cultural services to seniors in the community directly benefits senior citizens, children, and families in need. By focusing on human services specifically tailored for seniors, Homecrest Community Services Inc plays a crucial role in enhancing the quality of life for this demographic in the Brooklyn area.
This information is meant to be a general summary of Homecrest Community Services Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $35
- Program Service Revenue: $35,116
- Gross Receipts: $1,336,549
Assets and Liabilities:
- Total Assets: $1,347,852
- Total Liabilities: $491,679
- Net Assets: $856,173
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Congregation meals
Revenue
$35,116
Organization Details
Founding Year
1997
Principal Officer
Wai Yee Chan
Main Address
1413 Avenue T, Brooklyn, NY, 11229
NTEE Category
Code: P81 - Human services
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