United Methodist Homes Foundation
- Assets
- $35.5m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 1
- Location
- Binghamton, NY
- Founding
- 11/1990
- Data as of
- 12/2022
- EIN
- 16-1401063
Organization Overview
United Methodist Homes Foundation is located in Binghamton, NY. The organization was established in 1990. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. United Methodist Homes Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, United Methodist Homes Foundation generated $2.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $3.5m during the year ending 12/2022. While expenses have increased by 10.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, United Methodist Homes Foundation has awarded 33 individual grants totaling $15,874,223. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS THE CENTRALIZED FUNDRAISING SOURCE FOR THE UNITED METHODIST HOMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CENTRALIZED FUNDRAISING AND BENEVOLENT CARE IS PROVIDED FOR RESIDENTS OF THE OTHER EIGHT BROTHER / SISTER RELATED AND AFFILIATED ORGANIZATIONS OF THE UNITED METHODIST HOMES WHICH PROVIDE SERVICES FOR THE FRAIL AND ILL ELDERLY. THE FOUNDATION IS THE DEPOSITORY FOR ALL DONOR FUNDS RECEIVED BY THE UNITED METHODIST HOMES AND HONORS AND ACCOUNTS FOR ALL DONOR RESTRICTIONS AND REQUIREMENTS THROUGH ITS ACCOUNTING SYSTEMS AND METHODOLOGY. DONOR FUNDS ARE NOT CO-MINGLED WITH OPERATIONS. THE FOUNDATION IS THE RECIPIENT OF BOTH DONOR FUNDS RECEIVED DIRECTLY FROM DONORS AND BENEFICIAL INTERESTS IN PERPETUAL TRUSTS. A SIGNIFICANT AMOUNT OF DONOR RESTRICTED FUNDS ARE DIRECTED TO BE USED FOR BENEVOLENT CARE AND / OR SUPPOT OF FRAIL AND ILL ELDERLY RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edwin Betz Chair | OfficerTrustee | 7.5 | $0 |
William Starr President | OfficerTrustee | 2 | $0 |
Sharon Berg Secretary / Treasurer | OfficerTrustee | 12 | $0 |
Kathy Colling Trustee | Trustee | 9.5 | $0 |
Robert Hall Trustee | Trustee | 2 | $0 |
Alan Hertel Trustee | Trustee | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $144,884 |
| Membership dues | $0 |
| Fundraising events | $44,486 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,848,190 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,037,560 |
| Total Program Service Revenue | $0 |
| Investment income | $223,774 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $26,022 |
| Net Gain/Loss on Asset Sales | -$13,397 |
| Net Income from Fundraising Events | $2,981 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,276,940 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,140,267 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $61,091 |
| Pension plan accruals and contributions | $569 |
| Other employee benefits | $5,231 |
| Payroll taxes | $4,649 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,176 |
| Fees for services: Accounting | $3,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $177,527 |
| Fees for services: Other | $4,344 |
| Advertising and promotion | $0 |
| Office expenses | $222 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,491,119 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,372 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $14,879 |
| Net Land, buildings, and equipment | $324,836 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $35,108,306 |
| Total assets | $35,454,393 |
| Accounts payable and accrued expenses | $5,196 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $35,408 |
| Total liabilities | $40,604 |
| Net assets without donor restrictions | $10,985,742 |
| Net assets with donor restrictions | $24,428,047 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $35,454,393 |
Grants Awarded
Over the last fiscal year, United Methodist Homes Foundation has awarded $3,136,886 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UMH NY CORP PURPOSE: EQUITY TRANSFER FOR GENERAL SUPPORT - 90,904 RESIDENT SUPPORT 238,363 | $288,937 |
UMH PA CORP PURPOSE: EQUITY TRANSFER FOR GENERAL SUPPORT - 2,237,987 RESIDENT SUPPORT 583,123 | $2,822,837 |
UMH ECM CORP PURPOSE: EQUITY TRANSFER FOR GENERAL SUPPORT | $25,112 |