Homewood Insurance Company Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 863299008 ✦ Nashville, TN ✦ Designated as a 501(c)(3)

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Overview

What is Homewood Insurance Company Inc?

Homewood Insurance Company Inc is a nonprofit organization, established on April 8, 2021, and commenced operations on April 12, 2021, in compliance with Tennessee state laws. Based in Nashville, Tennessee, its primary function is to provide insurance coverage to its sole voting member corporation, Centerstone of America, Inc., and related entities. The insurance coverage encompasses professional and general liability, as well as commercial auto liability. The company's mission, as stated, is to "deliver care that changes people's lives," suggesting a commitment to positively impacting the lives of those they serve.


Official website here: www.centerstone.org

Is Homewood Insurance Company Inc legitimate?

Homewood Insurance Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Homewood Insurance Company 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


Official website here: www.centerstone.org

What is the mission statement of Homewood Insurance Company Inc?

Homewood Insurance Company Inc's mission is centered around delivering care that significantly impacts people's lives. This mission statement underscores the company's commitment to providing insurance coverage, specifically professional/general liability and commercial auto liability, to its sole voting member corporation and related entities. The company's mission is not limited to providing insurance coverage; it aims to make a difference in people's lives through its services.


Official website here: www.centerstone.org

Who is the CEO of Homewood Insurance Company Inc?

David Guth is the President/Ceo/Director of Homewood Insurance Company Inc. The CEO's salary of Homewood Insurance Company Inc is $0 and their total compensation is $695,667.


Official website here: www.centerstone.org

What is the revenue of Homewood Insurance Company Inc?

Homewood Insurance Company Inc's revenue in 2023 was $2,626,421.


Official website here: www.centerstone.org

Who are the executives of Homewood Insurance Company Inc and what are their salaries?


Here are 5 key members and their salaries (Homewood Insurance Company Inc's CEO's salary is $0 and their total compensation is $695,667):


David C Guth Jr (President/Ceo/Director)
  • Compensation: $0
  • Related: $674,209
  • Other: $21,458
Carol Bean (Secretary/Director)
  • Compensation: $0
  • Related: $272,119
  • Other: $22,345
Jason Palmer (Assisstant Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Norton (Board Director)
  • Compensation: $0
  • Related: $535,901
  • Other: $21,458
Jack Wallace (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.centerstone.org

Where can I find the form 990 for Homewood Insurance Company Inc?

Homewood Insurance Company Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.centerstone.org

Learn more at the official website: www.centerstone.org

Mission Statement of Homewood Insurance Company Inc

Homewood Insurance Company Inc, as a mission-driven entity, is committed to delivering care that significantly transforms people's lives. This mission statement encapsulates the organization's dedication to providing insurance coverage that goes beyond the typical, aiming to make a meaningful impact on the lives of its clients. The company's mission is to serve its sole voting member corporation, Centerstone of America, Inc., and related entities, offering professional and general liability, as well as commercial auto liability insurance coverage. This mission demonstrates Homewood Insurance Company Inc's commitment to supporting its clients in their operations, providing them with the necessary protection and peace of mind.

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Impact




July, 2024

Homewood Insurance Company Inc, founded in 2021 as a nonprofit pure captive insurance company headquartered in Nashville, Tennessee, has a significant impact by providing insurance coverage to its sole voting member corporation, Centerstone of America, Inc., and related entities. The coverage includes professional/general liability and commercial auto liability, essential for the operations of these organizations. By fulfilling its mission of "DELIVERING CARE THAT CHANGES PEOPLE'S LIVES," Homewood Insurance Company Inc plays a crucial role in supporting the important work carried out by Centerstone of America, Inc. and its related entities.




This information is meant to be a general summary of Homewood Insurance Company 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.

Revenue
$2,626,421 (2023)
Expenses
$1,542,871 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $42,900
  • Program Service Revenue: $2,583,521
  • Gross Receipts: $2,626,421

Assets and Liabilities:

  • Total Assets: $7,382,360
  • Total Liabilities: $4,866,034
  • Net Assets: $2,516,326

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

DIRECT PREMIUMS

Revenue

$2,583,521

Organization Details

Founding Year

2021

Principal Officer

David Guth

Main Address

26 CENTURY BLVD SUITE 101, NASHVILLE, TN, 37214

NTEE Category

Code: Y20 - Mutual benefit

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