Overview
What is Home Resource Inc?
Home Resource Inc is a nonprofit organization based in Missoula, Montana, with a mission to promote sustainability and reduce waste by operating a reuse store for building materials. This store collects and sells donated items, keeping them in the local economy and providing affordable materials to the community. In 2022, Home Resource employed 48 Missoulians, with 67% of their income coming from the sale of publicly donated materials. The store had over 40,000 transactions and facilitated the reuse of 847 tons of materials, while recycling hundreds more, fostering a circular economy. Beyond its store operations, Home Resource donates construction and project materials to local nonprofits, schools, and churches, and to individuals who cannot afford home repairs. They aim to educate and inspire the broader community about reuse, and 95% of their expenditures support the local economy. Home Resource's mission is to work with, in, and for the community to reduce waste and build a more vibrant and sustainable local economy.
Official website here: www.homeresource.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 90% (Four-Star out of Four Star rating)
Home Resource Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting strong performance in accountability and finance. The organization’s overall score is solely based on its impressive accountability metrics, with a perfect score for having an independent board and effective oversight measures, indicating a high level of transparency and good governance.
The charity demonstrates robust financial practices, with a significant portion of its expenses directed towards programs, achieving a program expense ratio of 73.41%. This suggests that the majority of funds are utilized effectively for mission-driven activities. Additionally, the organization has established various policies that enhance its operational integrity, including conflict of interest and whistleblower policies.
However, there are a few areas where improvement is possible. The organization's liabilities to assets ratio stands at 58.38%, which may indicate a moderate level of debt relative to its assets. While this is not a critical issue, maintaining a lower ratio could enhance financial stability and sustainability in the long term. Overall, Home Resource Inc showcases solid financial health and governance practices.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Home Resource Inc?
90% of 58 reviewers on Facebook recommend Home Resource Inc. Here is a summary of their reviews:
Many users express a strong admiration for the organization, describing it as a vibrant and inspiring place that fuels their creativity. One reviewer mentioned a sense of addiction to the space, highlighting how it enhances their creative output. Users appreciate the welcoming atmosphere and the enthusiastic nature of the staff, contributing to an overall positive experience.
The general consensus reflects satisfaction with what Home Resource Inc. offers, emphasizing its role as a valuable resource for the community. It seems that many find it to be an essential hub that not only meets but exceeds their expectations.
This AI summary has been generated from reviews found on Facebook.
Is Home Resource Inc legitimate?
Home Resource Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Home Resource 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: $62,473
Professional Fundraising Fees: $0
Other Salaries and Wages: $767,360
For more financial information, click here
Official website here: www.homeresource.org
What is the mission statement of Home Resource Inc?
Home Resource Inc's mission is centered around reducing waste and fostering a sustainable local economy. They achieve this by collecting and selling reusable building materials, channeling these materials to those in need, and providing meaningful work opportunities. The organization also educates and inspires the community to promote sustainability, and their activities have reached a wide demographic spectrum. Through their reuse store, they strive to keep materials within the local economy, provide affordable building materials, and facilitate a culture of reuse. In 2022, Home Resource employed a significant number of people and spent the majority of their expenditures within the local economy. They also donated materials to various nonprofits, schools, churches, and individuals in need.
Official website here: www.homeresource.org
Who is the CEO of Home Resource Inc?
Kelli Hess is the Executive Director of Home Resource Inc.
Official website here: www.homeresource.org
What is the revenue of Home Resource Inc?
Home Resource Inc's revenue in 2022 was $1,518,267.
Official website here: www.homeresource.org
Who are the executives of Home Resource Inc and what are their salaries?
The average compensation at Home Resource Inc during 2022 was $17,288. There are 48 employees and 31 volunteers at Home Resource Inc.
Here are 15 key members and their salaries:
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Official website here: www.homeresource.org
Where can I find the form 990 for Home Resource Inc?
Home Resource Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.homeresource.org
Learn more at the official website: www.homeresource.org
Mission Statement of Home Resource Inc
Home Resource Inc, a nonprofit organization, is dedicated to reducing waste and fostering a sustainable local economy. By collecting and selling reusable building materials, the organization strives to channel these resources to those in need and educate the broader community about the importance of reuse.
Their mission is threefold: first, they work collaboratively with, within, and for the community to reduce waste; second, they provide meaningful work opportunities; and third, they educate and inspire to promote sustainability. Home Resource's reuse store continues to collect and sell used building materials, keeping them from being discarded, providing affordable materials, and keeping them within the local economy.
In 2022, Home Resource employed 48 Missoulians and spent 95% of their expenditures within the local economy. They donated over $5,800 worth of construction and project materials to 25 local nonprofits, schools, and churches through their materials giving program. Furthermore, they donated over $6,300 worth of construction and project materials to 183 individuals who could not afford the repairs to maintain their homes. This commitment to reuse and sustainability not only reduces waste but also provides affordable building materials to the community, fostering a culture of reuse and promoting a circular economy.
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Impact
June, 2024
Home Resource Inc's impact is significant in reducing waste and building a vibrant and sustainable local economy through its reuse store operations. By collecting and selling reusable building materials, they have facilitated the reuse of 847 tons of materials and promoted a circular economy where items are reused instead of discarded. This not only helps in reducing environmental impact but also provides affordable building materials to the community. Over 39,500 residents have engaged with Home Resource Inc's mission, either through shopping, donating, volunteering, or participating in activities to support sustainability efforts.
In addition, Home Resource Inc has created meaningful work experiences by employing 48 Missoulians and spent 95% of its expenditures in the local economy. Their materials giving program has benefited 25 local organizations, schools, and churches by donating over $5,800 worth of construction materials. Moreover, they have assisted 183 individuals who couldn't afford repairs for their homes by donating over $6,300 in construction materials. Through these initiatives, Home Resource Inc is not only reducing waste but also actively contributing to the well-being of the community and promoting a culture of reuse and sustainability.
This information is meant to be a general summary of Home Resource 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: $4,471
- Gross Receipts: $2,295,635
Assets and Liabilities:
- Total Assets: $3,297,883
- Total Liabilities: $1,799,086
- Net Assets: $1,498,797
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Organization Details
Founding Year
2003
Phone
(406) 541-8300Principal Officer
Kelli Hess
Main Address
1515 WYOMING STREET, MISSOULA, MT, 59801
Website
www.homeresource.orgNTEE Category
Code: C30 - Environment
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