Overview
What is Homecroft Inc?
Homecroft Inc is a nonprofit organization situated in Xenia, Ohio, with a specific focus on providing safe, accessible, and affordable long-term housing for individuals with developmental disabilities. Their mission revolves around offering affordable housing solutions for this vulnerable group, aiming to enhance their quality of life. The organization's primary activity is dedicated to this purpose, ensuring that individuals with developmental disabilities have a secure and accommodating living environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
Homecroft Inc has received a solid Three-Star rating from Charity Navigator, indicating a high level of accountability and financial health. With an overall score of 86%, the organization demonstrates strong governance practices, including a fully independent board and consistent documentation of board meeting minutes, which are essential for transparency.
Strengths of Homecroft Inc include a remarkable program expense ratio of 92.98%, suggesting that the vast majority of its financial resources are directed towards its programs rather than administrative overhead. Additionally, the organization has no reported material diversion of assets, indicating a strong commitment to ethical fund management.
However, while the organization scores well in several categories, it is important for potential donors to consider the competitive landscape of nonprofits in similar sectors. Overall, Homecroft Inc shows a commitment to accountability and effective use of funds, making it a trustworthy option for those looking to contribute to a nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Homecroft Inc legitimate?
Homecroft Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Homecroft 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Homecroft Inc?
Homecroft Inc is committed to providing a mission that prioritizes affordable housing for individuals with developmental disabilities. This mission is carried out through the provision of safe, accessible, and long-term housing options. The organization's primary goal is to ensure that these individuals have a secure living environment that caters to their unique needs. Homecroft Inc's activities are centered around delivering housing solutions that are both affordable and suitable for people with developmental disabilities, thereby enhancing their quality of life.
Who is the CEO of Homecroft Inc?
Missy Frost is the President of Homecroft Inc.
What is the revenue of Homecroft Inc?
Homecroft Inc's revenue in 2022 was $606,124.
Who are the executives of Homecroft Inc and what are their salaries?
There 6 volunteers at Homecroft Inc.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $88,587
- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Homecroft Inc?
Homecroft Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Homecroft Inc
Homecroft Inc, a nonprofit organization, is committed to providing an essential service. Its mission is centered around offering affordable housing to individuals with developmental disabilities. The organization strives to provide safe, accessible, and long-term housing solutions for these individuals, ensuring they have a secure living environment. Homecroft Inc's mission is a vital contribution to the well-being of individuals with developmental disabilities, enabling them to live with dignity and independence.
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Impact
July, 2024
Homecroft Inc's impact is profound as it provides safe, accessible, and affordable long-term housing for persons with developmental disabilities. Through its program in Xenia, Ohio, Homecroft Inc is able to address the crucial need for housing for this vulnerable population, enabling them to live independently and with dignity. Its mission to provide affordable housing to disabled persons directly improves the quality of life for individuals who may face challenges in finding suitable accommodation. By offering this vital service, Homecroft Inc contributes to creating a more inclusive and supportive community for individuals with developmental disabilities.
This information is meant to be a general summary of Homecroft 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: $173,648
- Program Service Revenue: $314,462
- Gross Receipts: $790,140
Assets and Liabilities:
- Total Assets: $3,995,963
- Total Liabilities: $471,264
- Net Assets: $3,524,699
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT FROM HOUSING PROGRAM
Revenue
$314,462
Organization Details
Founding Year
1991
Phone
(937) 562-6500Principal Officer
Missy Frost
Main Address
245 NORTH VALLEY ROAD, XENIA, OH, 45385
NTEE Category
Code: L80Z - Housing
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