Homewood Foundation Inc
- Assets
- $16.3m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Williamsport, MD
- Founding
- 07/1995
- Data as of
- 12/2022
- EIN
- 52-1892689
Organization Overview
Homewood Foundation Inc is located in Williamsport, MD. The organization was established in 1995. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Homewood Foundation 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 12/2022, Homewood Foundation Inc generated $5.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.3% 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.
Since 2015, Homewood Foundation Inc has awarded 41 individual grants totaling $35,788,238. 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
TO PROVIDE COMPASSIONATE, PROFESSIONAL, CARING SERVICE TO ENHANCE THE QUALITY OF LIFE FOR RESIDENTS, CLIENTS AND CO-WORKERS. THE HOMEWOOD FOUNDATION IS PROUD TO SERVE RESIDENTS LIVING WITHIN HOMEWOOD RETIREMENT COMMUNITIES. OUR EFFORTS REVOLVE AROUND SECURING CHARITABLE SUPPORT FOR THREE AREAS OF FOCUS: BENEVOLENT CARE FOR HOMEWOOD RESIDENTS WHO OUTLIVE THEIR FINANCIAL RESOURCES CAPITAL CAMPAIGNS FOR COMMUNITY ENHANCEMENTS SPECIAL PROJECTS AND ACTIVITIES WITHIN THE HOMEWOOD COMMUNITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENT CARE - PAYMENTS ENABLE THE HOMEWOOD GROUP TO (A) PROVIDE SERVICES TO RESIDENTS WHO ARE UNABLE TO PAY FOR THEIR SERVICES, (B) MAXIMIZE OCCUPANCY WHICH KEEPS DAILY FEES AT A REASONABLE LEVEL. THE HOMEWOOD FOUNDATION RAISES FUNDS FOR A VARIETY OF IMPORTANT INITIATIVES, INCLUDING: BENEVOLENT CARE FOR HOMEWOOD RESIDENTS WHO MAY NEED SPECIAL ASSISTANCE THE HOMEWOOD BENEVOLENT ENDOWMENT FUND, ESTABLISHED IN 1972, RECEIVES GIFTS FOR BENEVOLENT CARE. THESE FUNDS ARE DISTRIBUTED AMONG THE RETIREMENT COMMUNITIES TO ASSIST WITH THE FINANCIAL NEEDS OF RESIDENTS WHO MEET ESTABLISHED QUALIFICATION CRITERIA. THE BENEVOLENT FUNDS ARE RAISED ANNUALLY THROUGH: 1. BENEVOLENT AND MEMORIAL GIFTS 2. A MOTHER'S DAY APPEAL IN COOPERATION WITH UNITED CHURCH OF CHRIST CHURCHES 3. AN ANNUAL APPEAL AT YEAR-END 4. SITE PROJECTS, SUCH AS THE "GARDEN OF LIFE- AND "TREE OF LOVE" DURING THE HOLIDAYS
CAPITAL CAMPAIGN AND FUNDRAISING ALLOCATIONS - FUNDS WHICH FLOW THROUGH THE FOUNDATION TO PROVIDE CAPITAL SUPPORT FOR ESTABLISHING AND MAINTAINING FACILITIES USED BY THE HOMEWOOD GROUP TO CARRY OUT THEIR EXEMPT PURPOSES. THE HOMEWOOD FOUNDATION RAISES FUNDS FOR A VARIETY OF IMPORTANT INITIATIVES, INCLUDING: CAPITAL CAMPAIGNS FOR EXPANSION AND BEAUTIFICATION PROJECTS SPECIAL PROJECTS AND ACTIVITIES WITHIN THE HOMEWOOD COMMUNITIES
RESIDENT LIFE ENRICHMENT ENDOWMENT FUND (RLEEF) - PROVIDES FUNDS FOR ENHANCED PROGRAMMING TO PROVIDE SPECIAL ACTIVITIES AND EVENTS AT EACH OF THE HOMEWOOD'S FIVE SITES, TO ENHANCE AND ENRICH THE LIVES OF RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thad D Rothrock Parent Presi | OfficerTrustee | 1 | $0 |
Richard P Miller VP Operation | Officer | 1 | $0 |
Linford J Yoder Vp-Human Res | Officer | 0 | $0 |
Wendy S Crampton Treasurer/vp | Officer | 1 | $0 |
Timothy P O'toole Secretary | Officer | 40 | $254,640 |
Judy Winfield Hancock Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $163,880 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,057,871 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,221,751 |
| Total Program Service Revenue | $0 |
| Investment income | $349,467 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $728,854 |
| Net Income from Fundraising Events | -$5,562 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,586,499 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $475,974 |
| Grants and other assistance to domestic individuals. | $19,064 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $262,299 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $204,019 |
| Pension plan accruals and contributions | $7,758 |
| Other employee benefits | $40,809 |
| Payroll taxes | $23,741 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,764 |
| 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 | $26,577 |
| Information technology | $12,371 |
| Royalties | $0 |
| Occupancy | $13 |
| Travel | $9,906 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,542 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $180 |
| Insurance | $1,138 |
| All other expenses | $0 |
| Total functional expenses | $1,217,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,898,431 |
| Pledges and grants receivable | $397,712 |
| Accounts receivable, net | $0 |
| 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 | $13,002 |
| Net Land, buildings, and equipment | $957 |
| Investments—publicly traded securities | $10,846,900 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $101,508 |
| Total assets | $16,258,510 |
| Accounts payable and accrued expenses | $2,180,084 |
| 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 | $31,341 |
| Total liabilities | $2,211,425 |
| Net assets without donor restrictions | $3,275,572 |
| Net assets with donor restrictions | $10,771,513 |
| 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 | $16,258,510 |
Grants Awarded
Over the last fiscal year, Homewood Foundation Inc has awarded $475,974 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
HOMEWOOD AT HANOVER PA INC PURPOSE: SUPPORT ORGANIZATION | $197,064 |
HOMEWOOD AT MARTINSBURG PA INC PURPOSE: SUPPORT ORGANIZATION | $105,352 |
HOMEWOOD AT WILLIAMSPORT MD INC PURPOSE: SUPPORT ORGANIZATION | $32,248 |
HOMEWOOD AT FREDERICK MD INC PURPOSE: SUPPORT ORGANIZATION | $121,416 |
HOMEWOOD AT SPRING HOUSE ESTATES I PURPOSE: SUPPORT ORGANIZATION | $19,894 |