Homecrest Foundation
- Assets
- $345.4k
- Revenue
- $312.7k
- Investments
- $264.6k
- Employees
- 0
- Location
- Geneva, IL
- Founding
- 11/1962
- Data as of
- 12/2022
- EIN
- 36-2465306
Organization Overview
Homecrest Foundation is located in Geneva, IL. The organization was established in 1962. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, 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. Homecrest 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, Homecrest Foundation generated $312.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 40.9% each year . All expenses for the organization totaled $128.6k during the year ending 12/2022. While expenses have increased by 5.2% 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, Homecrest Foundation has awarded 39 individual grants totaling $550,023. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Freeman Director | 1 | $0 | |
Elizabeth Richards Treasurer | 2 | $0 | |
Candi Eggert Director | 1 | $0 | |
Jeffrey Merz President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $305,019 |
| Interest on Savings | $59 |
| Dividends & Interest | $7,325 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $315 |
| Capital Gain Net Income | $315 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $312,718 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $159 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,364 |
| Total operating and administrative expenses | $10,821 |
| Contributions, gifts, grants paid | $117,813 |
| Total expenses and disbursements | $128,634 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,205 |
| Savings and temporary cash investments | $45,583 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $345,376 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $907 |
| Total liabilities | $907 |
Grants Awarded
Over the last fiscal year, Homecrest Foundation has awarded $117,813 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
JEWEL BABCOCK PURPOSE: CARE GIVING | $18,955 |
CONSTANCE LEIFHEIT PURPOSE: RENT SUPPORT | $24,000 |
TIM LINDSAY PURPOSE: CARE GIVING | $24,400 |
JULI LITZKOW PURPOSE: DOMESTIC ABUSE ASSISTANCE | $499 |
ROBERT PARLETTE PURPOSE: CARE GIVING | $20,864 |
DEVONNA PIESZAK PURPOSE: CARE GIVING | $720 |