Overview
What is Homewood Foundation Inc?
Homewood Foundation Inc is a nonprofit organization situated in Williamsport, Maryland. Its primary mission is to provide compassionate, professional care to enhance the quality of life for residents, clients, and coworkers within Homewood Retirement Communities and nursing homes. The organization raises funds for three key areas: benevolent care for elderly residents who exhaust their financial resources, capital campaigns for community enhancements, and special projects within the Homewood communities. Funds for benevolent care are collected through various annual appeals, such as benevolent and memorial gifts, a Mother's Day appeal, and an annual year-end appeal. The Homewood Foundation's activities include site projects like the "Garden of Life" and "Tree of Love" during holidays. The organization operates in five locations, providing a continuum of care to elderly individuals through beautiful retirement communities and nursing homes, with a total of 1,149 independent living cottages and apartments, 288 assisted living units, and 451 nursing home beds.
Official website here: www.homewood.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
Homewood Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial management. The organization’s score is fully derived from its accountability and finance measures, highlighting its commitment to transparency and responsible stewardship of resources.
The foundation demonstrates strong governance, with 83% of its board members being independent, ensuring unbiased decision-making. Additionally, it maintains rigorous audit oversight and has no reported material diversion of assets, which further reinforces its financial integrity. The organization exhibits a high program expense ratio of 93.21%, indicating that the majority of its funds directly support its programs rather than administrative costs.
While the data reflects a robust operational framework, any potential limitations were not explicitly mentioned. Overall, the Homewood Foundation Inc appears to be a well-managed nonprofit, demonstrating efficient fundraising practices and a solid financial health, making it a trustworthy choice for donors.
This AI summary has been generated from information found on Charity Navigator.
Is Homewood Foundation Inc legitimate?
Homewood Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Homewood Foundation 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: $262,299
Professional Fundraising Fees: $0
Other Salaries and Wages: $204,019
For more financial information, click here
Official website here: www.homewood.com
What is the mission statement of Homewood Foundation Inc?
Homewood Foundation Inc's mission is centered around providing compassionate, professional, and caring services to enhance the quality of life for residents, clients, and employees. The organization focuses on securing charitable support for three key areas: benevolent care for Homewood residents who exhaust their financial resources, capital campaigns for community enhancements, and special projects and activities within the Homewood communities. The Homewood Group primarily offers a continuum of care for elderly individuals in beautiful retirement communities and nursing homes across five locations, ensuring a total of 1,149 independent living cottages and apartments, 288 assisted living units, and 451 nursing home beds, including skilled and special memory care facilities.
Official website here: www.homewood.com
Who is the CEO of Homewood Foundation Inc?
Wendy S Crampton is the Parent Presi of Homewood Foundation Inc.
Official website here: www.homewood.com
What is the revenue of Homewood Foundation Inc?
Homewood Foundation Inc's revenue in 2022 was $5,586,499.
Official website here: www.homewood.com
Who are the executives of Homewood Foundation Inc and what are their salaries?
There 5 volunteers at Homewood Foundation Inc.
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $711,404
- Other: $103,216
- Compensation: $0
- Related: $444,213
- Other: $52,514
- Compensation: $0
- Related: $381,863
- Other: $99,456
- Compensation: $0
- Related: $386,323
- Other: $61,999
- Compensation: $254,640
- Related: $0
- Other: $24,975
- 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
Official website here: www.homewood.com
Where can I find the form 990 for Homewood Foundation Inc?
Homewood Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.homewood.com
Learn more at the official website: www.homewood.com
Mission Statement of Homewood Foundation Inc
Homewood Foundation Inc is dedicated to providing compassionate, professional, and caring services to enhance the quality of life for its residents, clients, and colleagues. Its primary focus is on securing charitable support for three key areas: benevolent care for Homewood residents who may outlive their financial resources, capital campaigns for community enhancements, and special projects and activities within the Homewood communities. The organization is committed to serving residents living within Homewood Retirement Communities, striving to make a positive impact on their lives.
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Impact
July, 2024
Homewood Foundation Inc's impact is significant in providing compassionate and professional care to enhance the quality of life for residents, clients, and co-workers within Homewood Retirement Communities. They focus on securing charitable support for benevolent care for residents who may outlive their financial resources, capital campaigns for community enhancements, and special projects and activities within the communities. Their efforts in resident care ensure that services are available to those who are unable to pay for them, thereby maximizing occupancy and keeping daily fees at a reasonable level. The Foundation raises funds for benevolent care through various initiatives, such as benevolent and memorial gifts, annual appeals, and site projects like the "Garden of Life" and "Tree of Love" during the holidays.
Overall, Homewood Foundation Inc plays a crucial role in supporting the well-being and financial needs of residents within Homewood Retirement Communities, contributing to a positive and caring environment for elderly individuals in need of care and assistance.
This information is meant to be a general summary of Homewood Foundation 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: $1,078,321
- Gross Receipts: $8,422,540
Assets and Liabilities:
- Total Assets: $16,258,510
- Total Liabilities: $2,211,425
- Net Assets: $14,047,085
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Organization Details
Founding Year
1994
Phone
(301) 582-1626Principal Officer
Wendy S Crampton
Main Address
16107 ELLIOTT PARKWAY, WILLIAMSPORT, MD, 21795
Website
www.homewood.comNTEE Category
Code: P750 - Human services
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