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Homestead Supportive Housing Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 204049583 ✦ Fairfield, CA ✦ Designated as a 501(c)(3)

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Overview

What is Homestead Supportive Housing Corporation?

Homestead Supportive Housing Corporation is a nonprofit organization situated in Fairfield, California. Its primary mission is to offer affordable housing solutions for individuals and families who are susceptible to homelessness due to financial struggles and/or mental health issues. They achieve this by managing a 15-unit low-income housing project in Davis, California. The corporation's purpose is to provide a secure living environment for those in need, ensuring they have a roof over their heads.

Is Homestead Supportive Housing Corporation legitimate?

Homestead Supportive Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Homestead Supportive Housing Corporation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $34,744

For more financial information, click here

What is the mission statement of Homestead Supportive Housing Corporation?

Homestead Supportive Housing Corporation is dedicated to providing affordable housing solutions for individuals and families who are susceptible to homelessness due to financial constraints and/or mental health issues. They achieve this goal by operating a 15-unit low-income housing project. The organization's primary mission is to offer affordable housing options for those in need, aiming to contribute positively to the community by providing a stable living environment.

Who is the CEO of Homestead Supportive Housing Corporation?

Michael Derkacz is the President of Homestead Supportive Housing Corporation.

What is the revenue of Homestead Supportive Housing Corporation?

Homestead Supportive Housing Corporation's revenue in 2022 was $220,492.

Who are the executives of Homestead Supportive Housing Corporation and what are their salaries?


Here are 7 key members and their salaries:


Anna Solorio (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Derkacz (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leal Abbot (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maria Kernan (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Walter Shwe (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michele Kellogg (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Manuela Silva (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Homestead Supportive Housing Corporation?

Homestead Supportive Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Homestead Supportive Housing Corporation

Homestead Supportive Housing Corporation is dedicated to providing affordable housing solutions for individuals and families who are at risk of homelessness due to financial constraints and mental health issues. By operating a 15-unit low-income housing project, this nonprofit organization strives to cater to the housing needs of those in need. Their mission is centered around the provision of affordable housing options, aiming to offer a secure living space to those who might otherwise struggle with homelessness. Homestead Supportive Housing Corporation's commitment extends beyond just providing a roof over heads; it aims to make a meaningful impact in the lives of its residents, ensuring they have a safe and stable environment to call home.

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Impact




October, 2024

Homestead Supportive Housing Corporation significantly impacts the community by providing low-cost housing to individuals and families facing the threat of homelessness due to low income and mental health challenges. By operating a 15-unit low-income housing project in Davis, CA, they create safe and stable living environments that allow residents to thrive. Their commitment to offering affordable housing options not only addresses immediate housing needs but also fosters long-term stability for vulnerable populations. This initiative helps reduce the risk of homelessness and enhances the overall well-being of the community in Fairfield and surrounding areas.




This information is meant to be a general summary of Homestead Supportive Housing Corporation. 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.

Revenue
$220,492 (2022)
Expenses
$337,025 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $27
  • Program Service Revenue: $96,606
  • Gross Receipts: $220,492

Assets and Liabilities:

  • Total Assets: $1,770,285
  • Total Liabilities: $3,826,251
  • Net Assets: -$2,055,966

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LAUNDRY INCOME

Revenue

$842

MISCELLANEOUS INCOME

Revenue

$1,413

TENANT RENT

Revenue

$94,351

Organization Details

Founding Year

2005

Principal Officer

Michael Derkacz

Main Address

5030 BUSINESS CENTER DRIVE 260, FAIRFIELD, CA, 94534

NTEE Category

Code: L20 - Housing

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