Overview
What is Thdf Ii Inc?
Thdf II Inc, dba The Home Depot Foundation & Homer Fund, is a charitable organization headquartered in Atlanta, Georgia, with a workforce of 43 individuals. The organization comprises two divisions: The Homer Fund and The Home Depot Foundation. The Homer Fund offers emergency financial aid to eligible Home Depot employees experiencing financial hardships due to illness, accidents, or natural disasters. In contrast, The Home Depot Foundation focuses on improving affordable housing for U.S. veterans, aiding disaster-stricken communities, and addressing the skilled trades labor shortage in the country.
Official website here: www.see schedule o
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 89%, Three-Star out of Four Star rating.
Thdf Ii Inc has demonstrated a strong commitment to accountability and financial health, earning an impressive score of 89%, which reflects its solid financial practices. The organization excels in various financial metrics, such as a program expense ratio of 94.99%, indicating that a significant majority of its funds are directed towards its programs rather than administrative costs. Additionally, the charity has a low fundraising efficiency ratio, suggesting that it efficiently raises funds with minimal expenses.
The nonprofit's governance also stands out, with full marks in multiple areas, including the presence of conflict of interest and whistleblower policies, as well as a transparent reporting of executive compensation. These factors contribute to the organization's credibility and trustworthiness, ensuring that it adheres to high standards of accountability.
However, it is worth noting that the compensation for its executive director and other senior managers is relatively high, which may raise questions among donors about the allocation of resources. Overall, Thdf Ii Inc appears to maintain strong operational integrity while effectively managing its financial resources.
This AI summary has been generated from information found on Charity Navigator.
Is Thdf Ii Inc legitimate?
Thdf Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Thdf Ii 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: $502,135
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,721,051
For more financial information, click here
Official website here: www.see schedule o
What is the mission statement of Thdf Ii Inc?
The Home Depot Foundation and Homer Fund, under THDF II, Inc., offer distinct services to those in need. The Homer Fund focuses on providing short-term financial aid to Home Depot employees encountering hardships due to disasters, illnesses, or accidents. On the other hand, The Home Depot Foundation is dedicated to enhancing affordable housing solutions for U.S. veterans, assisting communities hit by natural disasters, and bridging the gap in the U.S. workforce's skilled trades shortage. Both initiatives aim to provide relief and support during times of need and address pressing societal issues.
Official website here: www.see schedule o
Who is the CEO of Thdf Ii Inc?
Shannon Gerber is the Chair of Thdf Ii Inc.
Official website here: www.see schedule o
What is the revenue of Thdf Ii Inc?
Thdf Ii Inc's revenue in 2023 was $101,755,366.
Official website here: www.see schedule o
Who are the executives of Thdf Ii Inc and what are their salaries?
The average compensation at Thdf Ii Inc during 2023 was $98,214. There are 43 employees and 48336 volunteers at Thdf Ii Inc.
Here are 13 key members and their salaries:
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- Other: $0
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- Compensation: $265,291
- Related: $257,123
- Other: $28,120
- Compensation: $201,868
- Related: $168,249
- Other: $17,200
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- Compensation: $154,147
- Related: $77,604
- Other: $14,827
- Compensation: $146,761
- Related: $43,743
- Other: $13,485
- Compensation: $148,167
- Related: $50,383
- Other: $10,732
- Compensation: $133,426
- Related: $34,733
- Other: $20,497
- Compensation: $133,518
- Related: $27,212
- Other: $758
Official website here: www.see schedule o
Where can I find the form 990 for Thdf Ii Inc?
Thdf Ii Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.see schedule o
Learn more at the official website: www.see schedule o
Mission Statement of Thdf Ii Inc
Thdf II, Inc., also known as The Home Depot Foundation and Homer Fund, is a distinguished organization with a twofold mission. The Homer Fund focuses on offering short-term financial aid to eligible Home Depot employees facing hardships due to natural disasters, illness, or accidents. The Home Depot Foundation, on the other hand, is primarily committed to enhancing affordable housing opportunities for U.S. veterans, aiding communities affected by natural disasters, and tackling the skilled trades shortage in the American workforce.
The Homer Fund plays a vital role within The Home Depot community by providing crucial financial assistance to associates in their time of need. By extending a helping hand during difficult moments, The Homer Fund strives to alleviate the financial burdens faced by employees dealing with unforeseen circumstances.
The Home Depot Foundation, in contrast, broadens its scope to address pressing issues within the United States. This division of Thdf II, Inc. prioritizes the enhancement of affordable housing for U.S. veterans, offering them the stability and comfort they deserve. Furthermore, The Home Depot Foundation is an active responder to communities devastated by natural disasters, providing essential resources and support during their time of need. Lastly, the organization addresses the skilled trades shortage by focusing on workforce development, ensuring a steady pipeline of skilled laborers to meet the demands of the construction industry.
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Impact
October, 2024
Thdf Ii Inc has a significant impact through its two main divisions: The Homer Fund and The Home Depot Foundation. The Homer Fund offers crucial short-term financial assistance to Home Depot associates facing hardships due to natural disasters, illnesses, or accidents. In 2022 alone, this initiative provided 12,376 grants, directly alleviating the financial burdens of employees during their most challenging times.
Furthermore, The Home Depot Foundation is actively involved in addressing critical housing issues for U.S. veterans, aiding communities hit by natural disasters, and tackling the skilled trades shortage in the workforce. This multifaceted approach not only supports individual employees but also strengthens community resilience and champions the wellbeing of veterans. Overall, Thdf Ii Inc plays a vital role in enhancing support systems for both employees and broader communities in need.
This information is meant to be a general summary of Thdf Ii 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 2023.
- Investment Income: $7,648,652
- Gross Receipts: $167,102,145
Assets and Liabilities:
- Total Assets: $187,069,766
- Total Liabilities: $37,710,362
- Net Assets: $149,359,404
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Organization Details
Founding Year
1999
Phone
(770) 433-8211Principal Officer
Shannon Gerber
Main Address
2455 Paces Ferry Road C-17, Atlanta, GA, 30339
Website
www.see schedule oNTEE Category
Code: P60 - Human services
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