Direction Home Akron Canton Foundation
- Assets
- $20.6m
- Revenue
- $5.8m
- Investments
- $14.4m
- Employees
- 0
- Location
- Uniontown, OH
- Founding
- 06/1999
- Data as of
- 06/2022
- EIN
- 34-1891453
Organization Overview
Direction Home Akron Canton Foundation is located in Uniontown, OH. The organization was established in 1999. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Direction Home Akron Canton 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 06/2022, Direction Home Akron Canton Foundation generated $5.8m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 62.1% each year . All expenses for the organization totaled $633.7k during the year ending 06/2022. While expenses have increased by 9.5% per year over the past 5 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENABLE OLDER ADULTS NOT ELIGIBLE FOR GOVERNMENT ASSISTANCE TO REMAIN INDEPENDENT AND SECURE AT HOME THROUGH ACCESS TO A RANGE OF SUPPORTIVE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENTAL OF OFFICE BUILDING TO AFFILIATED NONPROFIT ORGANIZATION - DIRECTION HOME AKRON CANTON AREA AGENCY ON AGING
EDUCATION AND OUTREACH ACTIVITIES - PROVIDING INFORMATION AND EDUCATION TO THE COMMUNITY ABOUT THE LONG TERM CARE NEEDS OF THE OLDER ADULTS OF MODEST MEANS WHO DO NOT QUALIFY FOR GOVERNMENT ASSISTANCE.
CARE COORDINATION SPONSORSHIP - PROVIDNG HOME AND COMMUNITY BASED LONG TERM CARE SERVICES FOR APPROXIMATELY 60 ELDERLY CLIENTS IN STARK, SUMMIT, PORTAGE AND WAYNE COUNTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David B Reynolds MD Vice Chairman | Trustee | 0.5 | $0 |
George F Sesock Treasurer | Trustee | 0.5 | $0 |
Margaret F Medzie Director | Trustee | 0.5 | $0 |
Fran D Rice Secretary | Trustee | 0.5 | $0 |
Natalie E Lindsay-Smith Director | Trustee | 0.5 | $0 |
Lee S Walko Chairman | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $29,500 |
| Related organizations | $4,100,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $69,556 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,199,056 |
| Total Program Service Revenue | $263,277 |
| Investment income | $562,680 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $606,238 |
| Net Income from Fundraising Events | -$3,464 |
| Net Income from Gaming Activities | $124,759 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,752,546 |
| 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 | $49,824 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,552 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $43,288 |
| Fees for services: Other | $122,145 |
| Advertising and promotion | $184,626 |
| Office expenses | $5,269 |
| Information technology | $1,894 |
| Royalties | $0 |
| Occupancy | $78,864 |
| 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 | $6,013 |
| Depreciation, depletion, and amortization | $41,142 |
| Insurance | $2,794 |
| All other expenses | $0 |
| Total functional expenses | $633,742 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,325,965 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $347,708 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,596,788 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $14,369,425 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,639,886 |
| Accounts payable and accrued expenses | $427,039 |
| 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 | $45,401 |
| Total liabilities | $472,440 |
| Net assets without donor restrictions | $20,104,030 |
| Net assets with donor restrictions | $63,416 |
| 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 | $20,639,886 |