Home Is The Foundation
- Assets
- $5.0m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Eaton, OH
- Founding
- 11/2003
- Data as of
- 12/2022
- EIN
- 42-1580792
Organization Overview
Home Is The Foundation is located in Eaton, OH. The organization was established in 2003. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, 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. Home Is The 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, Home Is The Foundation generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.5%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOME IS THE FOUNDATION WAS FORMED TO MEET THE CRITICAL SHORTAGE OF AFFORDABLE HOUSING OPTIONS IN RURAL PREBLE COUNTY, OHIO BY PROVIDING AFFORDABLE HOUSING, SENIOR HOME REPAIR, AND HOMELESS SERVICES.AFFORDABLE HOUSING RENTALS - HIT FOUNDATION OWNS AND MANAGES RENTAL PROPERTIES THROUGHOUT PREBLE COUNTY THAT ARE MADE AVAILABLE FOR FAMILIES AT AFFORDABLE RATES. THE HOUSES ARE WELL MAINTAINED AND SET THE STANDARD FOR SAFE, QUALITY, AFFORDABLE PROPERTIES A FAMILY CAN CALL HOME. BECAUSE DEMAND FOR AFFORDABLE HOUSING IN THE COUNTY IS SO HIGH, CLIENTS ARE PLACED ON A WAITING LIST AND MOVE IN AS PROPERTIES BECOME AVAILABLE.
HOMELESS SERVICES - THE FOUNDATION BEGAN OFFERING HOMELESS SERVICES FOR PREBLE COUNTY RESIDENTS IN MARCH, 2015. IN OCTOBER, 2015 THE FOUNDATION OPENED ITS HOMELESS SERVICES SHELTER. THE SHELTER SERVES AS A TEMPORTY SHELTER FACILITY FOR HOMELESS CLIENTS IN PREBLE COUNTY.CLIENTS MEET REGULARLY WITH SHELTER STAFF AND A CASE MANAGER TO WORK TOWARD THEIR HOUSING NEEDS. THEY ARE EXPECTED TO MEET WEEKLY GOALS FOCUSING ON HOUSING, IN ORDER TO OBTAIN HOUSING WITHIN 30-45 DAYS. CLIENTS ARE ALSO EXPECTED TO FOLLOW A DAILY SCHEDULE AND MUST AGREE TO ADHERE TO SHELTER RULES.
SENIOR HOME REPAIR - SINCE ITS INCEPTION IN 2013, THE SENIOR HOME REPAIR PROGRAM HAS PROVIDED HUNDREDS OF ESSENTIAL HOME REPAIRS FOR SENIORS IN PREBLE COUNTY. THE INTENT OF THE PROGRAM IS TO UTILIZE LOCAL VOLUNTEERS ALONG WITH MONETARY AND MATERIAL DONATIONS TO COMPLETE SENIOR HOME REPAIRS/MODIFICATIONS.THE NEED FOR THIS TYPE OF PROGRAM WAS EVIDENCE IN THE 2013 PREBLE COUNTY CONSOLIDATED PLAN WHERE IT WAS NOTED THAT: MORE THAN 50% OF THE HOMES ARE OWNED BY INDIVIDUALS AGE 60 OR MORE: MORE THAN 33% OF THE POPULATION ARE IN THE EXTREMELY LOW TO MODERATE INCOME LEVELS AND; OVER 44% OF THE HOUSING STOCK IN THE COUNTY WAS BUILT PRIOR TO 1960.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Bullen President | 2 | $0 | |
Kathy Smallwood Treasurer | 2 | $0 | |
Jeff Allen Director | 2 | $0 | |
Janet Crelin Director | 2 | $0 | |
Steve Maggard Director | 2 | $0 | |
Clayton Genth Executive Director | 40 | $64,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $868,956 |
| Interest on Savings | $145 |
| Dividends & Interest | $12,983 |
| Net Rental Income | $28,929 |
| Net Gain on Sale of Assets | $1,806 |
| Capital Gain Net Income | $806 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $404,412 |
| Total Revenue | $1,317,231 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $64,800 |
| Other employee salaries and wages | $484,006 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $93,497 |
| Depreciation | $163,528 |
| Occupancy | $23,231 |
| Travel, conferences, and meetings | $7,004 |
| Printing and publications | $0 |
| Other expenses | $380,196 |
| Total operating and administrative expenses | $1,238,728 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,238,728 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $427,478 |
| Savings and temporary cash investments | $626,442 |
| Net Accounts receivable | $38,122 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $777,623 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $17,471 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $3,151,321 |
| Other assets | $4,314 |
| Total assets | $5,042,771 |
| Accounts payable and accrued expenses | $91,904 |
| 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 | $24,560 |
| Total liabilities | $116,464 |