Overview
What is Homecor?
Homecor is a nonprofit organization situated in Holland, Michigan, specifically at 96 West 15th Street Suite 202. The primary focus of Homecor is to provide financial assistance to homeowners in need, enabling them to repair their dwellings. This mission aims to revitalize the central city neighborhoods of Holland by renovating homes, thereby enhancing the overall community. Homecor's activities encompass grant distribution to facilitate home repairs.
Official website here: www.homecor.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star Rating)
Homecor has earned a Three-Star rating from Charity Navigator, reflecting a score of 76% based solely on its Accountability & Finance metrics. This score highlights the organization’s commitment to financial transparency and responsible management practices, which are essential for building trust with donors and beneficiaries alike.
The organization has several strengths, including a fully independent board with ten out of ten members and no reported material diversion of assets. Additionally, Homecor maintains a strong program expense ratio of 100%, indicating that all of its financial resources are directed towards its mission-related activities. However, the absence of a conflict of interest policy, whistleblower policy, and document retention and destruction policy may raise concerns regarding governance practices and internal oversight.
While Homecor demonstrates strong financial health and accountability, the missing governance policies suggest areas for improvement. Strengthening these aspects could enhance the overall integrity and effectiveness of the organization, ensuring it continues to serve its mission effectively while maintaining public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Homecor legitimate?
Homecor is a legitimate nonprofit organization registered as a 501(c)(3) entity. Homecor 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:
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Official website here: www.homecor.org
What is the mission statement of Homecor?
Homecor's mission statement involves improving neighborhoods by focusing on renovations of homes. Specifically, the organization provides financial assistance to homeowners, helping them repair their properties. This initiative aims to enhance the central areas of the city, ultimately improving the overall living conditions and aesthetics of the community. By renovating homes, Homecor contributes to the revitalization and betterment of the community as a whole.
Official website here: www.homecor.org
Who is the CEO of Homecor?
Amy Alderink is the Director of Homecor.
Official website here: www.homecor.org
What is the revenue of Homecor?
Homecor's revenue in 2022 was $53,735.
Official website here: www.homecor.org
Who are the executives of Homecor and what are their salaries?
There 6 volunteers at Homecor.
Here are 8 key members and their salaries:
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Official website here: www.homecor.org
Where can I find the form 990 for Homecor?
Homecor's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.homecor.org
Learn more at the official website: www.homecor.org
Mission Statement of Homecor
Homecor, a notable nonprofit organization, is dedicated to improving Holland, Michigan's central city neighborhoods by focusing on home renovations. Their mission is to revitalize these communities by providing financial assistance to homeowners, enabling them to repair and maintain their properties. By enhancing individual homes, Homecor contributes to the overall improvement of the neighborhoods, creating a more appealing and livable environment for residents.
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Impact
August, 2024
Homecor's impact is clear in the revitalization of Holland, Michigan's central city neighborhoods through the renovation of homes. By providing grants to homeowners for home repairs, Homecor is not only improving the aesthetic appeal of the neighborhood but also enhancing the overall quality of life for residents. This commitment to community improvement is creating a tangible and positive change in Holland, Michigan.
This information is meant to be a general summary of Homecor. 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: $71
- Gross Receipts: $657,422
Assets and Liabilities:
- Total Assets: $946,598
- Total Liabilities: $425,000
- Net Assets: $521,598
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Organization Details
Founding Year
1996
Phone
(616) 836-2531Principal Officer
Amy Alderink
Main Address
96 West 15th Street Suite 202, Holland, MI, 49423
Website
www.homecor.orgNTEE Category
Code: S21 - Community improvement
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