Overview
What is Homebound Meals Inc?
Homebound Meals Inc, located in Fort Wayne, Indiana, is a charitable organization with a compassionate mission. They specialize in delivering nutritious and affordable meals to individuals who are unable to leave their homes, often the elderly. The meals are sourced from local hospital cafeterias and sold to consumers, who are capable of making payments. The organization, with a daily average of 147 recipients, plays a crucial role in ensuring the well-being and nourishment of these individuals, thereby enriching their lives in a small yet significant way.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating. This rating indicates that Homebound Meals Inc demonstrates a reasonable level of financial health and accountability while also showing a commitment to its mission and constituents. With an Accountability & Finance score of 83% and a strong Culture & Community score of 87%, the organization reflects effective management and a dedication to serving its community.
The nonprofit excels in various aspects of governance, including having a fully independent board and strong policies in place related to conflict of interest and whistleblower protections. Their impressive program expense ratio indicates that they allocate nearly all of their resources directly towards their mission, which is a positive sign for potential donors. Additionally, the organization shows a commitment to gathering and utilizing constituent feedback, scoring 100% in this area.
However, it is important to note that while the overall scores are high, there are aspects related to equity strategies and policies that could benefit from further development, as they received an 81 out of 100 in those categories. Despite these areas for improvement, Homebound Meals Inc demonstrates a solid foundation in both financial management and community engagement, making it a trustworthy choice for support.
This AI summary has been generated from information found on Charity Navigator.
Is Homebound Meals Inc legitimate?
Homebound Meals Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Homebound Meals 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: $101,502
For more financial information, click here
What is the mission statement of Homebound Meals Inc?
Homebound Meals Inc's mission is centered around assisting individuals who are confined to their homes, often the elderly, by delivering nutritious and affordable meals directly to their doorsteps. The organization's primary objective is to ensure these individuals receive adequate nourishment, thereby contributing to their overall well-being. They achieve this by purchasing hot meals from local hospital cafeterias and selling them at an affordable price to the consumers, who are able to pay. Homebound Meals Inc's activities aim to enhance the quality of life for these shut-ins, providing them with a vital service that promotes their health and independence.
What is the revenue of Homebound Meals Inc?
Homebound Meals Inc's revenue in 2024 was $491,807.
Who are the executives of Homebound Meals Inc and what are their salaries?
The average compensation at Homebound Meals Inc during 2024 was $16,917. There are 6 employees at Homebound Meals Inc.
Here are 12 key members and their salaries:
- Compensation: $47,996
- Related: $47,996
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Where can I find the form 990 for Homebound Meals Inc?
Homebound Meals Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Homebound Meals Inc
Homebound Meals Inc, a charitable organization, is committed to assisting shut-ins, primarily the elderly, by delivering hot, nutritious, and low-cost meals directly to their homes. The mission of this nonprofit is to provide a vital service, ensuring that individuals who are unable to leave their homes due to various reasons can still enjoy a balanced and nourishing meal. By purchasing meals from local hospital cafeterias, Homebound Meals Inc is able to offer these meals at affordable prices to the consumers, who are then able to pay for them. The organization delivers an average of 147 meals daily, playing a significant role in enhancing the quality of life for these individuals by providing them with essential nutrition.
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Impact
July, 2024
Homebound Meals Inc positively impacts the lives of shut-ins, particularly the elderly, by delivering hot, nutritious, and low-cost meals to their homes in Fort Wayne, Indiana. The organization delivers meals to an average of 147 individuals daily, ensuring that this vulnerable population has access to essential food services. Additionally, by purchasing meals from local hospital cafeterias and selling them to consumers at an affordable rate, Homebound Meals Inc not only provides a valuable service but also supports the local community. Their mission to assist those who are unable to leave their homes due to various limitations demonstrates a commitment to improving the well-being of individuals in need.
This information is meant to be a general summary of Homebound Meals 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 2024.
- Investment Income: $23,145
- Program Service Revenue: $266,602
- Gross Receipts: $491,807
Assets and Liabilities:
- Total Assets: $946,994
- Total Liabilities: $2,899
- Net Assets: $944,095
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEALS DELIVERED
Revenue
$266,602
Organization Details
Founding Year
1990
Principal Officer
Barb Umber
NTEE Category
Code: K30 - Food
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