Overview
What is Homebase Cincinnati?
Homebase Cincinnati, located at 151 W 4th St, Cincinnati, OH 45202, is a dedicated nonprofit organization. Its primary mission is to secure and distribute funds from both public and private sources to its member Community Development Corporations (CDCs). By doing so, Homebase Cincinnati supports these organizations in their efforts to enhance neighborhoods through initiatives focused on community building, housing, and economic development. With a small team of just one employee, Homebase Cincinnati plays a crucial role in empowering its member CDCs to create positive changes in their communities.
Official website here: www.homebasecincy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement - 66%, Two-Star out of Four Star rating
Homebase Cincinnati has received a rating of "Needs Improvement" with an overall score of 66%, indicating potential concerns regarding its financial transparency and operational effectiveness. The organization scores well in areas such as maintaining a fully independent board and having documented policies for conflict of interest and whistleblower protections, which shows a commitment to governance and ethical management.
However, significant issues arise from the lack of financial statements, which resulted in a score of zero for that category, and a high liabilities to assets ratio of 97.06%. This suggests possible financial instability and raises questions about the organization's ability to sustain its operations long-term. While the program expense ratio is commendable at 96.40%, reflecting a strong commitment to programmatic spending, the overall financial picture is concerning.
In summary, while Homebase Cincinnati exhibits strong governance features, its financial management and transparency need to improve to provide donors and stakeholders with greater confidence. Addressing these limitations will be crucial for enhancing its rating and overall effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Homebase Cincinnati legitimate?
Homebase Cincinnati is a legitimate nonprofit organization registered as a 501(c)(3) entity. Homebase Cincinnati 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: $66,667
Professional Fundraising Fees: $0
Other Salaries and Wages: $128,897
For more financial information, click here
Official website here: www.homebasecincy.org
What is the mission statement of Homebase Cincinnati?
Homebase, an organization, focuses on strengthening other organizations that contribute to the enhancement of neighborhoods. They achieve this through community building, housing initiatives, and economic development activities. Their mission is to acquire funding from both governmental and private sources, which they subsequently distribute to their member Community Development Corporations (CDCs). These funds are intended to support their mission of improving neighborhoods.
Official website here: www.homebasecincy.org
What is the revenue of Homebase Cincinnati?
Homebase Cincinnati's revenue in 2023 was $3,280,996.
Official website here: www.homebasecincy.org
Who are the executives of Homebase Cincinnati and what are their salaries?
The average compensation at Homebase Cincinnati during 2023 was $32,594. There are 6 employees and 8 volunteers at Homebase Cincinnati.
Here are 13 key members and their salaries:
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- Compensation: $64,828
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Official website here: www.homebasecincy.org
Where can I find the form 990 for Homebase Cincinnati?
Homebase Cincinnati's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.homebasecincy.org
Learn more at the official website: www.homebasecincy.org
Mission Statement of Homebase Cincinnati
Homebase Cincinnati, as a organization, is committed to enhancing neighborhoods by strengthening other organizations that focus on community building, housing, and economic development. They accomplish this mission by securing funds from both government and private sources for their member Community Development Corporations (CDCs). By doing so, Homebase Cincinnati plays a crucial role in supporting organizations that work towards improving their local communities, ultimately leading to more vibrant and thriving neighborhoods.
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Impact
October, 2024
Homebase Cincinnati plays a vital role in enhancing neighborhoods by strengthening organizations dedicated to community building, housing, and economic development. By facilitating the flow of funds from government and private sources to its member Community Development Corporations (CDCs), Homebase Cincinnati directly contributes to the growth and revitalization of local communities. This impact is evident in improved housing conditions, increased economic opportunities, and the overall enhancement of neighborhood vitality. Through its efforts, Homebase Cincinnati fosters a more sustainable and resilient environment for residents, ultimately supporting the well-being and progress of the Cincinnati area.
This information is meant to be a general summary of Homebase Cincinnati. 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 2023.
- Program Service Revenue: $187,811
- Gross Receipts: $3,280,996
Assets and Liabilities:
- Total Assets: $1,801,665
- Total Liabilities: $1,748,812
- Net Assets: $52,853
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
VTICA Service Fees
Revenue
$49,956
CDBG Service Fees
Revenue
$90,282
Gen Fund Service Fees
Revenue
$17,455
NBDSG Service Fees
Revenue
$30,037
Awards Income
Revenue
$81
Organization Details
Founding Year
1979
Principal Officer
Mike Cappel
Website
www.homebasecincy.orgNTEE Category
Code: L02 - Housing
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