Homecroft Inc
- Assets
- $3.5m
- Revenue
- $421.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Xenia, OH
- Founding
- 07/1992
- Data as of
- 12/2021
- EIN
- 31-1344160
Organization Overview
Homecroft Inc is located in Xenia, OH. The organization was established in 1992. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Homecroft Inc 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 12/2021, Homecroft Inc generated $421.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $528.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE HOUSING TO DISABLED PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROGRAM PROVIDES SAFE, ACCESSIBLE, AND AFFORDABLE LONG-TERM HOUSING FOR PERSONS WITH DEVELOPMENTAL DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dale Hagler President | OfficerTrustee | 0 | $0 |
Christine Grebner Secretary | OfficerTrustee | 0 | $0 |
Missy Frost Vice President | OfficerTrustee | 0 | $0 |
Robert Lee Exec Director | Trustee | 32 | $0 |
Gene Fischer Board Member | Trustee | 0 | $0 |
Mike Blakesly Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $91,410 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,397 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $94,807 |
| Total Program Service Revenue | $294,140 |
| Investment income | $614 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $30,565 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $421,715 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $191,922 |
| Insurance | $27,627 |
| All other expenses | $11,408 |
| Total functional expenses | $528,225 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,440 |
| Savings and temporary cash investments | $256,479 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,085 |
| 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 | $49 |
| Net Land, buildings, and equipment | $3,203,788 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,509,841 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $81,084 |
| 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 | $0 |
| Total liabilities | $81,084 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $3,428,757 |
| Total liabilities and net assets/fund balances | $3,509,841 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Homecroft Inc has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Mills Family Foundation Beavercreek, OH PURPOSE: GENERAL SUPPORT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chn Housing Partners Cleveland, OH | $74,492,798 | $91,427,214 |
Allegheny Council To Improve Our Neighborhoods-Housing Incorporated Pittsburgh, PA | $58,739,057 | $67,049,805 |
Commission On Economic Opportunity Of Luzerne County Wilkesbarre, PA | $24,684,280 | $41,061,242 |
Emerald Development And Economic Cleveland, OH | $37,695,936 | $37,548,229 |
Community First Fund Lancaster, PA | $129,035,730 | $44,963,943 |
Housing Services Mid Michigan Charlotte, MI | $2,013,469 | $14,437,193 |
Beyond Owners Group Inc Willow Street, PA | $131,731,512 | $8,827,345 |
Community Rebuilders Grand Rapids, MI | $5,851,617 | $11,572,784 |
New Directions Housing Corporation Louisville, KY | $27,737,851 | $9,868,214 |
Cinnaire Lending Corporation Lansing, MI | $75,621,059 | $9,899,346 |
University Properties Inc East Stroudsburg, PA | $58,514,914 | $5,926,957 |
Cedar Lake Residences Inc Louisville, KY | $2,301,086 | $7,918,008 |