Homepoint Community Foundation Inc
- Assets
- $1.2m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Ann Arbor, MI
- Founding
- Data as of
- 12/2021
- EIN
- 85-3288007
Organization Overview
Homepoint Community Foundation Inc is located in Ann Arbor, MI. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, 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. Homepoint Community 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 12/2021, Homepoint Community Foundation Inc generated $1.0m in total revenue. All expenses for the organization totaled $49.3k during the year ending 12/2021.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREATE OPPORTUNITIES FOR A MORE INCLUSIVE MORTGAGE INDUSTRY AND TO IMPROVE THE LIVES AND WELL-BEING OF THE COMMUNITIES THAT WE SERVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deandre Lipscomb President | 5 | $0 | |
Juianne Ilstrup Secretary | 1 | $0 | |
Ginger Wilcox Director | 1 | $0 | |
Lesley Alli Treasurer | 1 | $0 | |
Kristin Supancich Vice Preside | 2 | $0 | |
Lisa Patterson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,041,004 |
| Interest on Savings | $1,588 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,042,592 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,289 |
| Total operating and administrative expenses | $32,917 |
| Contributions, gifts, grants paid | $16,400 |
| Total expenses and disbursements | $49,317 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $135,928 |
| Savings and temporary cash investments | $1,052,305 |
| 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 | $1,188,233 |
| Accounts payable and accrued expenses | $6,175 |
| 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 | $0 |
| Total liabilities | $6,175 |
Grants Awarded
Over the last fiscal year, Homepoint Community Foundation Inc has awarded $16,400 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Austin, TX PURPOSE: PROGRAM SUPPORT | $3,280 |
Houston, TX PURPOSE: PROGRAM SUPPORT | $3,280 |
Fort Worth, TX PURPOSE: PROGRAM SUPPORT | $3,280 |
Odessa, TX PURPOSE: PROGRAM SUPPORT | $3,280 |
Plano, TX PURPOSE: PROGRAM SUPPORT | $3,280 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Highlands Foundation Inc Madison, WI | $16,807,622 | $1,089,528 |
Rockwell Automation Charitable Corporation Milwaukee, WI | $6,137,007 | $10,007,891 |
Third Federal Foundation Cleveland, OH | $35,709,526 | $3,618,702 |
Gii Charities Grand Rapids, MI | $4,065,002 | $6,112,431 |
Westfield Insurance Foundation Westfield Center, OH | $42,931,784 | $4,362,594 |
Morgan Family Foundation Yellow Springs, OH | $51,827,477 | $1,582,241 |
Harry M And Violet Turner Charitable Trust Springfield, OH | $29,217,065 | $2,348,308 |
Penske Foundation Inc Bloomfield Hills, MI | $17,008,099 | $10,243,924 |
Alexander And Sarah Cutler Family Foundation Gates Mills, OH | $2,958,061 | $1,879,230 |
Clyde And Maycel Clark Foundation Inc Portsmouth, OH | $18,068,185 | $1,230,534 |
Scotts Miracle-Gro Foundation Marysville, OH | $2,069,071 | $1,768,884 |
Book Industry Charitable Foundation Ann Arbor, MI | $3,616,056 | $2,208,751 |