Overview
What is Homewood Corporation?
Homewood Corporation, doing business as Homewoods On The Willamette, is a not-for-profit organization situated in Milwaukie, Oregon. They have established 113 units of high-quality, affordable housing specifically designed for the elderly community, providing them with a residence below market rates. With a team of 32 employees, this organization is committed to enhancing the living standards of the elderly population by offering them a suitable housing solution.
Official website here: www.homewoods.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Homewood Corporation Dba Homewoods On The Willamette has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The organization's overall score is derived solely from its strong performance in the Accountability & Finance category, where it achieved a score of 81%. This suggests that the nonprofit is effectively managing its resources and is committed to transparency.
Strengths highlighted in the evaluation include a fully independent board, with all members being independent, which is essential for unbiased governance. The organization also scored full points in several key areas, such as its audit and oversight committee's performance and the absence of material diversion of assets. The presence of comprehensive policies covering conflicts of interest and whistleblower protections further enhances its credibility.
Despite its strengths, the rating does not provide insights into the impact of the nonprofit's programs or beneficiary feedback. While the financial operations appear sound, prospective donors might seek additional information on the effectiveness and outcomes of the services provided by Homewood Corporation.
This AI summary has been generated from information found on Charity Navigator.
Is Homewood Corporation legitimate?
Homewood Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Homewood Corporation 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: $939,413
For more financial information, click here
Official website here: www.homewoods.org
What is the mission statement of Homewood Corporation?
Homewood Corporation, doing business as Homewoods On The Willamette, is a not-for-profit organization dedicated to providing retirement housing for the elderly. Their mission is evident in the 113 units they offer, which are kept at rents below market value. This organization is committed to ensuring that elderly individuals have access to quality housing, thereby contributing to their well-being and comfort during their retirement years. The organization's activities are centered around this mission, providing a supportive living environment for the elderly.
Official website here: www.homewoods.org
Who is the CEO of Homewood Corporation?
Phil Fogg is the President of Homewood Corporation.
Official website here: www.homewoods.org
What is the revenue of Homewood Corporation?
Homewood Corporation's revenue in 2022 was $3,231,581.
Official website here: www.homewoods.org
Who are the executives of Homewood Corporation and what are their salaries?
The average compensation at Homewood Corporation during 2022 was $29,357. There are 32 employees and 9 volunteers at Homewood Corporation.
Here are 9 key members and their salaries:
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Official website here: www.homewoods.org
Where can I find the form 990 for Homewood Corporation?
Homewood Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.homewoods.org
Learn more at the official website: www.homewoods.org
Mission Statement of Homewood Corporation
Homewood Corporation Dba Homewoods On The Willamette is a not-for-profit organization committed to providing retirement housing for the elderly. Its mission is to offer 113 units of high-quality housing to elderly individuals, ensuring that the rents remain below market value. This organization plays a significant role in providing a comfortable living environment for the elderly, enabling them to maintain their independence and dignity in their golden years. By offering affordable housing, Homewood Corporation Dba Homewoods On The Willamette contributes to the well-being of the elderly community, ensuring that they have a secure and comfortable place to call home.
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Impact
July, 2024
Homewood Corporation, operating as Homewoods On The Willamette, has had a significant impact by providing 113 units of quality housing at rents below market value to elderly individuals in MILWAUKIE, OR. Their mission focuses on offering retirement housing for the elderly, addressing an important need within the community. This organization's efforts contribute to improving the quality of life for elderly residents by ensuring they have access to affordable and comfortable housing options.
This information is meant to be a general summary of Homewood Corporation. 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: $3,764
- Program Service Revenue: $3,227,317
- Gross Receipts: $3,231,581
Assets and Liabilities:
- Total Assets: $6,949,900
- Total Liabilities: $6,291,660
- Net Assets: $658,240
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Congregate Service Income
Revenue
$198,260
Net Rental Receipts
Revenue
$3,029,057
Organization Details
Founding Year
1989
Phone
(503) 659-3600Principal Officer
Phil Fogg
Main Address
17971 SE River Road, Milwaukie, OR, 97267
Website
www.homewoods.orgNTEE Category
Code: L22 - Housing
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